With an inheritance of art, antiques and at times other treasures, often comes the overwhelming task of trying to not only sort through these items but also deciding how they are shared. While inherited collections come with a great deal of sentimental value, the determination of the financial value is often required to ensure the fair distribution of assets for all family members.
The team at Banziger Hulme Fine Art Consultants will provide you with the expertise you need to assess deceased estates, determining whether an item is of real value, low value or no commercial value at all. By involving us in the early stages of estate settlement, we can help reduce the stress that can be felt by executors and other family members entrusted to manage the estate.
In addition to deceased estate art, our valuations often form part of the requirements of divorce settlements. As an independent third party we can provide you objective advice and a solid valuation that is removed from the emotion that often comes with the division of family assets. We use our years of experience, together with our detailed knowledge of both Australian and international art, to provide you with an impartial valuation based on evidence.
So who needs art valuations?
Our reputation in the industry means we are called upon by executors of estates, lawyers and beneficiaries to assist in providing valuations and essentially identifying the ‘wheat from chaff’. We have also been asked to provide expert comment for media regarding art valuation.
Our valuations are determined through a completely transparent process, where all beneficiaries and interested parties are aware of our method and findings. We look at market values, which tell us what items can be bought and sold for – rather than insurance values that do not reflect what something can actually be purchased for. You can be confident in our valuations as we work to ensure every variable is accounted for.
How do art valuations work?
We will work with you to arrange a valuation process that best suits your needs. We can come to you to create a catalogue of your items, take photographs and write detailed descriptions that allow us to undertake thorough research once we return to our office. Once our research is complete, we will provide you with a final valuation report for your review. Valuations can also be completed using clear photographs and descriptions that you can provide via email, which proves to be a convenient option for many of our clients.
After valuation, you will be provided with a report that details the individual market values and the total market value. In addition to this report, you will be provided with records of market values established through previous sales of the artists’ work at auction. This comprehensive documentation will assist all interested parties to make decisions based on robust valuations and clear evidence.
You can be assured that our valuations are properly underpinned and unequivocal. The comprehensive valuation report we provide you ensures that all parties understand the value of your items and removes the chance of disagreement over value.
Understanding the Value of Art
Our experience shows that most often a collection of deceased estate art and antiques comprise a few works that have a high value, for example $20,000, and the remainder having a low value, potentially around $300. However, the identification of the pieces that have significant value requires a trained eye and many years of professional valuations experience, which you can be assured of at Banziger Hulme Fine Art Consultants.
Understanding exactly what the value of each item is means you are well positioned to distribute estates in a fair and equitable way, as it would have been intended. By using the services of Banziger Hulme Fine Art Consultations to provide an independent valuation, you can ensure the interests of all parties are protected without one person receiving items of a disproportionate value compared to the total estate.
In addition to protecting assets, our valuations can assist in protecting relationships during difficult times like closing a deceased estate. Not only can we assist in ensuring everyone has piece of mind, we can also make the division of estates simpler by providing you with all the information that you need.
Similarly, our valuations have been used to inform divorce settlements, ensuring transparency and fairness with division of assets. In addition to deceased estate art valuations and family division of assets, we can also assist with valuations for insurance renewals, market value for sale and pre-purchase reports.
Our Art Valuation Services
We have valued artworks in Sydney, Melbourne, Perth and other locations across Australia. We’re ready to assist you with your valuation requirements, and can also provide you with expert advice regarding looking after your art, buying and selling art, art auditing, art projects and specialist advice for collectors.
Banziger Hulme Fine Art Consultants are the experts in providing advice and valuation across all types of art. We have years of experience in working with Australian and international prints, drawings, watercolours, oil paintings, sculptures and photography.
You can be confident in our expertise. We are a member of the Art Consulting Association of Australia and an approved service provider for the Australian Antique and Art Dealers Association. Under the guidance of David Hulme, a fine art appraiser and approved valuer for The Australian Government’s Cultural Gifts Program, and Brigitte Banziger managing our business operations, you will find advice and service you can rely on and valuations you can trust.
Obligation Free Art Appraisals
Our clients use words like professional and excellent to describe our service. When you read the reviews on our website and we are confident that our passion and expertise in art advice and valuations will shine through. Make an obligation-free enquiry today to experience the difference Banziger Hulme Fine Art Consultants can make in assisting you with your art valuation needs.
When you need expert, independent and importantly accurate advice on art valuations, sale or purchase of art, or have questions about the art you own, please get in touch with us via email at [email protected] or call us on (02) 9977 7764.