We make it easy for you to determine the value of your artwork with USPAP-Certified Appraisers.
Why use LONO for artwork appraisals?
We work with reputable third-party Certified Fine Art Appraisers to determine the value of your collection.
We offer discreet, highly personalized white glove service and protect your privacy.
We can provide you with immediate liquidity with our art loans, based on 50% of the appraised value.
How will knowing the value of my art benefit me?
- You may be surprised at how much capital you have tied up in your artwork, and we can help you put that to work.
- Many of our clients use the value held in their artwork to finance future additions to their art collections
- We can offer you instant liquidity based on 50% of the value of your artwork for a term that you determine, an alternative to giving up ownership of the art you love
Fill out the form below and a LONO Specialist will help you determine what your art is worth.
or call us directly at 416-450-5360
What types of art appraisals are there?
There are a few different types of appraisals that you can seek out based on your needs that will often provide different values for the same piece of artwork. Some of the most common are retail replacement value, fair market value and auction value. Retail replacement values often provide the highest valuation as there is an assumption that the artwork would need to be replaced in a timely manner which is often more expensive in a retail setting. Fair market values represent the price that the property would sell for on the open market. An auction value appraisal is similar to the fair market value but usually does not include the buyer’s premium. The auction value is what LONO uses to determine lending values as it refers to the fair market value without the additional costs of the buyer’s and seller’s premiums.
What determines the value of my artwork in an appraisal?
There are many factors that an appraiser takes into consideration when valuing artworks. This often includes past sales data for the particular piece as well as other comparable works by the same artist, the condition of the artwork, the provenance and status of the artwork, and demand in the art market. Valuing artwork is a complex process and it is best done by an appraisal expert who holds a Uniform Standards of Professional Appraisal Practices (USPAP) Certification.
What information do I need to provide in the appraisal process?
The more detailed the information you can provide about the artwork, the better and often less expensive it is for an appraisal process to take place. Some key information that the appraiser will need includes:
· Name of the artist and description of the artwork (size, medium, date)
· Provenance of the artwork including how and where it was acquired
· Detailed description of the condition of the artwork including markings or signatures
· High quality images of the artwork front, reverse, and a close up of the signature
Usually an appraiser will do a thorough inspection of the artwork and a condition report as a part of the appraisal.
or call us directly at 416-450-5360.