Factors Affecting Appraisal Fees
JY&A considers the following factors when estimating appraisal fees:
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Scope of the assignment - including the number of works, artists, and intended use of the appraisal.
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Research time required - assignment may take anywhere from several days to several months (or even longer) depending on complexity.
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Number of appraisers involved - larger or time-sensitive projects may require additional specialists.
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Type of appraisal - insurance, estate planning, charitable donation, equitable distribution, and other assignments may involve different reporting requirements.
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Availability of market data - works by established artists may be more straightforward to research, while lesser-known or emerging artists often require more extensive investigation.
Fee Structures
We typically bill our services on one of the following bases:
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Hourly rate
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Daily rate
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Flat project fee
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Prepaid retainer
Independence and Compensation
As an independent appraisal practice, JY&A does not accept compensation based on a percentage of value, sales proceeds, or tax savings.
JY&A Appraisal Fee Estimates
Formal appraisal engagement are generally most appropriate for collections with an estimated aggregate value of $20,000 or more. Clients who are uncertain whether their property meets this threshold may begin with a Preliminary Collection Review.
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Hourly rate
Regular matters: $175 / hour
Expedited matters: $225 / hour
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Daily rate
Regular matters: $1,350 / day
Expedited matters: $1,750 / day
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Project fees
Standard projects: starting at $2,500
Expedited projects: starting at $3,200
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Preliminary Collection Review
Starting at $525 / 2-3 hours
Designed to help clients determine whether a collection warrants shipping, insurance, and a formal appraisal.
The review is based on representative photographs and available documentation and includes a preliminary assessment of market relevance, likely value range, and recommended next steps.
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General Consulting Retainers
Quarterly: $4,500 / Client
Semiyearly: $8,500 / Client
Yearly: $16,000 / Client
* Fees shown are estimates only. Final fees on the scope and complexity of the assignment.
* Travel, photography, shipping, and third-party expenses are billed separately when applicable.
* Applicable taxes may be charged where required by law.
