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Artwork appraisals in Indiana for donations, estate tax, insurance, and divorce, prepared in accordance with USPAP and IRS requirements. AppraiseItNow appraises paintings, sculptures, prints, photography, and mixed media across Indiana, including Indianapolis, Fort Wayne, and Evansville.
DEFENSIBLE, USPAP-COMPLIANT ANTIQUE ARTWORK APPRAISAL REPORTS — QUALIFIED FOR THE IRS, INDIANA COURTS, LENDERS, INSURERS, AND MORE.
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Owner & CEO
Joe founded AppraiseItNow to make a certified, USPAP-compliant appraisal as simple to order as anything else online. A former Bain & Company strategy consultant, Joe leads the entire team and specializes in strategy, growth, and the firm's tech capabilities.
Personal Property Appraiser
ISA Accredited Member with 30 years in the trade, from running estate sales and an auction gallery to appraising luxury apparel, furniture, artwork, antiques, and business assets, primarily for IRS tax filings.
Personal Property Appraiser
ISA Accredited Member specializing in Asian art, with a Master's from SOAS and a Postgraduate Diploma in Asian Art. Ashley chairs the ISA's Antiques, Furnishings, and Decorative Arts committee and appraises for charitable donation, insurance, and equitable distribution.
Client Success Manager
Manages each engagement from the first enquiry to the delivered report, and keeps you posted at every step along the way.
International Society of AppraisersAccredited Member
The Appraisal FoundationAuthorized by Congress as the source of appraisal standardsAppraiseItNow appraises paintings, works on paper, prints, bronzes, ceramics, and antique furnishings in Indiana for charitable gifts, estate and gift tax filings, insurance scheduling, and equitable distribution.
Charitable gifts
A gift is valued at what the work would bring on the date it changes hands, from realized results for the same artist, period, medium, and scale, with the condition report open in front of us. Where the market for a hand is thin, the report says so and shows what little there is rather than reaching for a flattering outlier.
Estates and gifts
An executor or an advisor needs a value as of the date of death or the date of the gift for each work that carries money, and a defensible grouping for the rest, so the inventory and the return rest on one body of evidence.
Insurance scheduling
Scheduling a collection calls for the retail cost of acquiring a work of comparable quality and character, and that figure drifts as an artist’s market moves, so older appraisals get updated as well as written.
Divorce
When a collection is split, both sides need one set of values reached the same way, so the argument narrows to who takes which work instead of what any of it is worth.
Two pictures that look alike on a wall can sit at opposite ends of the market, and the reasons are written down rather than felt. Both of them travel with the work, which is why a report is worth more than a figure.
Attribution
Signatures, inscriptions, stencils and labels on the reverse, exhibition history, and prior sale records tie a work to a hand or leave it in doubt, and value follows wherever the record lands.
Condition
Relining, overpaint, foxing, trimmed margins, and light damage each move a figure, so the condition an appraisal describes is the condition the comparable sales are adjusted to.
Market level
An auction room, a dealer’s stand, and a regional sale room reach different buyers and different prices for the same object. The assignment decides which of those is the relevant market, and the report names it before a single comparable is chosen.
Two numbers sit around an Indiana art appraisal: the value at which a taxpayer may ask the IRS for its own view of a work, and the sales tax inside a retail replacement figure.
Donations and estates
$50,000
the appraised value at which a Statement of Value may be requested
The Statement of Value procedure generally applies to an item of art appraised at fifty thousand dollars or more, and a taxpayer may ask for one before filing the income, estate, or gift tax return that reports the work. Art Appraisal Services decides what goes on to the Art Advisory Panel for review, generally works with individual values above one hundred fifty thousand dollars. A qualified appraisal is what either review actually reads, which is why provenance, condition, and comparable selection are argued in the report rather than asserted.
Insurance scheduling
7%
Indiana sales tax inside a retail replacement figure
A business selling tangible personal property in Indiana registers to collect a seven percent sales tax. Replacement value is a retail acquisition figure, so for an Indiana collector that tax belongs inside the number a policy limit is set from, which is part of why the replacement figure in a report sits above the fair market value of the same work.
What clients say we are known for
Across 80+ published AppraiseItNow reviews the picture is consistent: every one is from a client who paid us for an appraisal, and the three things they raise most often are that they would hire us again, how quickly we answer, and how much research is visible in the report.
The appraisal was done very well. Since he was a local artist here in Charleston, SC, they took the time to study and review Jim Booth’s art. His work has made him extremely famous, which can make an appraisal challenging, but they did a superb job and clearly explained how they arrived at the appraisal value. I highly recommend Appraise It Now and will use them again for all my artwork.
Artwork Appraisal for Insurance Coverage
AppraiseItNow did an excellent job appraising our unique art collection. Joe was always prompt and responsive, and he and his team delivered a thorough, well-supported appraisal in just a couple of weeks, even during the holiday season. I was genuinely impressed. Thank you for the great work!
Artwork Appraisal for Insurance Coverage
AppraiseItNow was amazing! My father passed with a large volume of artwork & I had no idea what it was worth. Their team was incredibly helpful and quick to respond with text and/or email to any questions as well as a status update along the way. Highly recommend!
Artwork Appraisal for Probate
I recently requested a retroactive appraisal for fine art from AppraiseItNow. I received excellent service from intake to delivery. The appraisal was delivered on time and the content of the appraisal absolutely met my expectations!
Artwork Appraisal
From the start they were very responsive, price competitive, and had a quick turn around time. Thank you so much to Joe who was very sweet in responding to my emails; I am looking forward to utilizing AppraiseItNow for many years to come.
Very thorough and professional — great communication and outstanding service. Highly impressed with their work!
Given the USPAP-compliant nature of AppraiseItNow’s appraisal reports, we prepare our deliverables for major legal, tax, and financial reporting purposes for individual and commercial clients.
Popular uses of our appraisal reports include:
It depends on the purpose: fair market value governs tax, estate, and equitable distribution work, while retail replacement value, typically higher, is used for insurance scheduling. Mixing the two is a common source of error, so each report states its value definition and intended use up front.
No. Indiana's inheritance tax was repealed for deaths after December 31, 2012, and the state's pick-up estate tax disappeared with the federal credit, so artwork passing at death faces only federal estate tax rules where the estate is large enough. Date-of-death appraisals still matter for the probate inventory and fair division among heirs.
A strong report states the intended use and users, value definition, effective date, relevant market, research sources, and the logic behind comparable selection and adjustments. Weak reports omit the market level or lean on a single asking price rather than realized sales, which is exactly where challenges start.
Sometimes, by affidavit. Indiana Code 29-1-8-1 lets distributees collect personal property without full administration when the gross probate estate, net of liens, encumbrances, and funeral expenses, does not exceed $100,000 for deaths after June 30, 2022, and at least 45 days have passed since death. Because eligibility turns on total value, an appraised collection can decide whether that shortcut is available.
In supervised estates, often yes. Hamilton County’s probate rules bar granting a petition to sell personal property unless a written appraisal by a competent person stating fair market value is filed with the court, and Marion County requires a written basis for valuation. Both waive the written appraisal for assets traded in an open market or sold at public auction, so consigning a work to a reputable art auction can substitute.
