We guarantee that our clients are offered professional services of the highest quality. With a scholarly focus on Chinese painting and Buddhist Art, doctoral training on Chinese art in general, a profound knowledge of the Chinese Art Market and Chinese Art Connoisseurship, as well as a mastery of a few Asian languages, such as Chinese (Both classical and modern), Japanese, and some Tibetan, we are competent to appraise Chinese art of all categories, including painting, furniture, woodblock prints, textiles, wood/ivory carvings and scholarly objects (ink stones, brush holders, etc.), decorative arts (screens, jade, kesi tapestries), and Tibetan Buddhist fine arts (Thangkas) and ritual objects.
We are qualified Chinese art specialists with a Ph.D. in Chinese art and training in prestigious universities in the United States. We treat every owner individually and provide original research about each individual object. Our work is based on years of experience in appraisal as well as more than twenty years of professional experience with Chinese art objects, doctoral training in Chinese art, history, and culture, and original published research in the field. Our art appraisal report is designed to help you meet your specific goals. We enjoy our job, which is to serve our clients to the best of our abilities, educating them about their objects, and preparing them to enter the art market. As professional academics, we are committed to all Chinese artistic traditions, and dedicated to helping others understand and appreciate Chinese art.
We are certified art appraisers who are committed to help our clients to meet their goals. The typical appraisal report presents a description and analysis of the object, a carefully calculated value for the object depending on your appraisal needs, a thorough market analysis of the current Chinese art market for the object, and recommendations for further actions. This appraisal report will make you an expert on your artwork. As expert Chinese art appraisers, we comply with the Uniform Standards of Professional Appraisal Practice (2008-2009) and conform to the American Society of Appraisers Code of Ethics in our professional practice.
What Type of Value Are You Looking For?
Fair Market Value -- The price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of relevant facts. It applies to Charitable Contribution, Estate Planning/Tax/Distribution, Equitable Distribution, etc.
Market Value -- The most probable price that a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specific date and the passing of title from seller to buyer. It mainly applies to Consultation for Acquisition or Disposition.
Replacement Value --Replacement Value is the price it would cost to replace an item with one of similar quality purchased in the most appropriate marketplace within a limited amount of time. Usually, this is the value used for insurance purposes or collecting needs. It is evaluated in essentially three ways: New Replacement Value, when the object is still available; Second-Hand Replacement Value, reflecting the current second hand replacement cost of a similar article of equivalent quality and condition; and Facsimile Value reflecting the cost of recreating a facsimile of the original in reasonably equal material and quality of production. It often applies to the following situationos: Insurance Coverage and Claim Settlement.
Estate Tax-- Fair Market Value is used. The Estate Tax is a tax on your right to transfer property at your death. It consists of an accounting of everyting you own or have certain interests in at the date of death. The total of all of your possessions is your "Gross Estate," the base for computing taxable estates complying with IRS rules.
Liquidation Value -- Liquidation value is the price realized in a sale under forced or limiting conditions and under time constraints. It applies to Forced Liquidation, Orderly Liquidation and Salvage/Scrap appraisal. The action may be initiated by the owner or crediting institution.
Actual Cash Value -- The price be necessary to replace a property with another of similar age, quality, origin, appearance, size, and condition, within a reasonable length of time in an appropriate and relevant market. (This definition encompasses the concept of “as is” or “with or without restoration.”) It is the market value of a property less all forms of depreciation.
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How to PWhat You Need to Achieve Your Goals
You need to find a qualified, independent, and ethical appraiser to help you achieve your goals. The expertise, knowledge, and experience of an appraiser you hire weigh heavily on the quality of appraisal presentation (report) and the benefit of your intended use. As academics by training and art consultants and appraisers by profession, we are committed to the connoisseiurship of Chinese and Tibetan cultures, traditions, arts and aesthetics, and the fairness of valuation with all our specialized skills, such as Asian languages.
Unfortunately, no art appraisal is universal. A designated art appraisal report conducted by a qualified professional is required to meet a specific appraisal need. For example, selling any fine object of art, you need to posses solid information about your art object and formulate an educated strategy for sales. Making a charitable donation or filing an estate tax, you need to follows the IRS rules for hiring a qualified appraiser and presenting your evidence complying with IRS requirements. These are the two goals of a professional art appraisal: 1) to provide the owner or the interested party with the information needed to understand and appreciate the art object in question, and 2) to help the owner realize his/her vision by proposing lawful solutions and tactical strategies. This is why you should commission an art appraisal from a qualified professional.
We tailor our appraisal report to meet your needs. We prepare each art appraisal report with expertise, due diligenc and care. Our appraisal report is informative and educational. It includes not only crucial information on your art work, but also redflags potential issues concerning your object. Be professional and honest, our goal is to equip you with the knowlege and insights often possessed by a trained professional. Many owners are overwhelmed by the unfamiliar terminology from the worlds of Chinese aesthetics and modern art sales or necessary strategies to obtain an insurance policy or make a charitable donation, etc. By reading our appraiser report, you are educated, enlightened, and guided to approach either the most appropriate and relevant market place with a target in mind, or present IRS or insurance broker a self evident value conclusion report with confidence. Market analysis is a bonus to art owners interested in a likely future sale of the property. With a copy of our appraisal report in hand, you would stand a much better chance of profit when negotiating from a position of strength.
We strive to understand your appraisal needs. We are willing to run extral miles for our clients. We comply with the ethics rule in our practice, and conform to the highest standards of appraisal services. We have your best interest in heart.
How to Request a Quick Review
A quick review of one art object in order to determine suitability for appraisal is FREE, depending on our schedule. The quick review usually results in advice about whether or not to proceed to a proper appraisal. Beyond that, for quick review, we charge a modest fee for any additional items. Our experts are often overloaded with a large volume of requests, and without payment, we can only review one item briefly as a courtesy to prospective clients. Clients who need more than one object assessed quickly should first Contact Us, then send appropriate payment to iniate our response. If the review fee applies to you, please make payment via PayPal or send us a check made out to "Wei Yang Art, LLC." If you then proceed to pay for a full appraisal, the fee paid for a quick review will be credited toward your final payment.
We care about you and your art exclusively. As professional, independent art appraisers, we represent only you. If you are interested, please Contact Us, or call us at (609) 688-6891. We are happy to assist you with your Chinese art project at all levels.
We Consult and Appraise All Media of Chinese Art
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