Chinese Art Appraiser, Appraisal of Fair Market Value for Charitable Donation, Market Value for Sale, Replacement Value for insurance

Quality Art Appraisal Matters

Finding a qualified, independent, and ethical appraiser is important. The expertise, knowledge, and experience of an art appraiser you hire weigh heavily on the reliability of valuation. Dr. Yang is an art historian by training, with two Accredited Senior Appraiser designations- Asian art (ASA, 2010-2025) and Appraisal Review and Management (ARM, 2017-2025)-designated by American Society of Appraisers. She also earned a certificate of Fine Art and Decorative Art Appraisal (20080 from Prett Institute (New York) and a certificated of Painting Mounting and Conservation (2011) from Shandong Mounting and Conservation Academy (Jinan, Shandong, China). She reads classical Chinese texts, speaks and reads Japanese and some Tibetan. By equipping her with the needed skills for providing quality appraisal services, Dr. Yang pledges to defend the public trust in the appraisal profession by aiming for highest professional standards in her practice.

No appraisal is universal. An appraisal report is required to meet a specific appraisal need. It usually serves two goals: 1) provide you or the interested party with the information needed to understand and appreciate the art object in question; 2) help you posses crucial information and achieve your goals with confidence. Either for sale, insurance coverage or claim, or make a charitable donation or file estate tax, the appraisal report you presents must meet the industry requirements or follow the IRS rules for a "qualified" appraisal by a "qualified" appraiser.

Dr. Yang prepares each appraisal report with expertise, due diligence and care. Her appraisal report is thorough, informative and educational. She not only includes essential information on your art work but also potential issues or solutions. A properly done appraisal report should educate you about your property and guide you to a direct approach to your goals. For sale, a up-to-date market analysis would help negotiate a fair price with the buyer from a position of strength.

Dr. Yang offers you quality appraisal services. She is competent to consult and appraise Chinese art of all categories (painting and calligraphy, furniture, woodblock prints, textiles, wood carvings and scholarly objects, decorative arts, and Buddhist art, as well as some Aisan art forms (Japanese prints, screens, ceramics, Koran fine arts, and Tibetan Buddhist art, etc.). With a scholarly focus on Chinese painting and calligraphy and Buddhist Art, Dr. Yang posseses in-depth knowledge of Asian Art, history, languages, art market and Chinese Art Connoisseurship and art criticism.

Dr. Yang serves you with a set of unique skills unmatched in the field. She treats every piece of art with equal respect and offer you advice that meets your needs. With years of hand-on experience in art research, provenance research and appraisal as well as more than forty years of experience with Asian art works, and doctoral training in Chinese art history, Dr. Yang is committed to all Asian artistic traditions and art forms.

Dr. Yang prepares art consultation and writes fact-supported appraisal reports. Appraisal reports bearing her signature intends to equip you with the knowlege and insights possessed by art professionals. A typical appraisal report prepared by Dr. Yang starts with property identification, description and visual analysis of your art work in its historical and artistic contexts, followed by a ranking of the property among its equals in rarity, originality, craftsmanship, condition and visual appeal, and ends with her comments on the value characteristics, strength and weakness of your property as compared with its equals. Dr. Yang designs her appraisal report to by walking you through the chain of her thoughts following the appraisal process to arrive at the final value conclusion. Its presentation is convincing and informative, shedding light on the reasonings behind the final value conclusion. Dr. Yangcomplies with the Uniform Standards of Professional Appraisal Practice and conforms to the American Society of Appraisers Code of Ethics in her 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.

If you are not very sure about what kind of value you are looking for, please contact@weiyangart.com

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