info@appretium.net
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Appretium Appraisal Services

Fine and Decorative Arts, Antiques and Residential Contents

Cynthia D. Herbert, AAA, President and Principal Appraiser of Appretium LLC

What is it worth?

An appraisal is an informed opinion of value within a specific market context for a specific purpose.  The purpose of the appraisal will determine the type of, and approach to, value that is applied.  

About Us

Cynthia D. Herbert, AAA*

Cynthia D. Herbert, AAA, President and Principal Appraiser of Appretium LLC, is a Certified Member and President of the Appraisers Association of America (AAA).  Cynthia D. Herbert, AAA is qualified to appraise fine and decorative art, antiques and residential contents/personal property.  


Extensive gallery and auction experience, as well as advanced studies, including a Master of Arts degree and Certificates in Museum Studies and Appraisal Studies from New York University, define her as a skilled generalist with broad expertise spanning over thirty years. Clients have included the Resolution Trust Corporation (RTC), corporate art collections, private collectors and homeowners. 


Cynthia D. Herbert, AAA is an adjunct professor at New York University's School of Professional Studies; an instructor for the Appraisers Association of America and an Appraiser Qualifications Board certified instructor of the Uniform Standards of Professional Appraisal Practice (USPAP). She also serves on The Appraisal Foundation’s Personal Property Issues Panel. 


Cynthia D. Herbert, AAA is also able to assist with Art Advisory and Consulting Services, including:  Downsizing and Estate Services; Collections Management, Art Handling and Conservation.



*AAA after the Appraiser’s name indicates Certified Membership in the Appraisers Association of America and signifies the highest standards of ethics, conduct and professionalism are met.
 


Appretium Appraisal Services

Appretium LLC is an independent, full service fine art and personal property appraisal firm providing well documented and thoroughly researched appraisal reports required by insurance companies, estate planners and attorneys and the IRS for the purpose of insurance, damage/loss claims, probate, equitable distribution, liquidation, gift tax and charitable donations.  


Cynthia D. Herbert, AAA is committed to providing clients with appraisal reports that meet the highest standards as defined by The Appraisal Standards Board of The Appraisal Foundation in Washington, D.C. . The Appraisal Foundation is authorized by Congress as the source of appraisal standards and appraiser qualifications. 


Appraisal Reports are written in compliance with the guidelines set forth by the Internal Revenue Service Treasury Regulations 1.170A-13(c)(3) and 1.170A-13(c)(5), which define a “qualified appraiser” and “qualified appraisal” and IRS Publication 561, Determining the Value of Donated Property.


The fee for an appraisal is based on the amount of time spent on site, time required for research and report production.  Fees are based on an hourly rate (with a minimum) or daily rate and are established once the scope of the appraisal is defined, including the quantity and types of objects to be appraised.  If appropriate, an on-site inspection can be arranged to better assess the scope of work.  

The Appraisal Process

An appraisal is an informed opinion of value within a specific market context for a specific purpose.  The purpose of the appraisal will determine the type of value that is applied.  


Replacement Value (RV) is defined as the highest amount it would require to replace an item with another of similar and like quality and condition within a reasonable period of time and in an appropriate and relevant market.  Replacement Value is generally used in appraisals for Insurance Scheduling  and Damage and/or Loss, allowing for adequate coverage of personal property or settlement of an insurance claim. 


Fair Market Value (FMV), as defined by IRS Section 1.170 and 20.2032(b), is “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”.  Fair Market Value takes into consideration the most appropriate and relevant open market conditions and is used in appraisals for IRS Charitable Donations, IRS Estate and Gift Tax, Estate Planning, Equitable Distribution of Marital Assets and Collateral Loans


Marketable Cash Value (MCV) is defined as the “probable proceeds of a property less expenses, such as dealer commissions, auction house fees, advertising, insurance, travel and shipping expenses” and is considered when determining the net value of personal property that is to be sold.




Contact Information

Cynthia D. Herbert, AAA

Appretium Appraisal Services

204 South Bald Hill Road, New Canaan, CT 06840

(203) 966-1515 / info@appretium.net