Jennifer M. Wood Consulting and Appraisal Services is a boutique firm
offering professional valuation and advisory services since 2003.
We assist our clients with single items and collections comprising thousands of objects.
Assignments are performed with impartiality, objectivity, and strict confidentiality.
We serve clients throughout Colorado, California, and nationwide.
Prints and Drawings
Appraisals are prepared for a variety of intended uses:
Property loss and damage
Our appraisal expert witness testimony and litigation-support services provide impartial
opinions to assist in the resolution of complex appraisal and valuation issues. We have extensive
experience performing original and rebuttal appraisals that prevail for plaintiffs or defendants.
All appraisal reports are unbiased and carefully researched. We adhere to the professional standards set forth in the Uniform Standards of Professional Appraisal Practice (USPAP)
and the Code of Ethics of the American Society of Appraisers.
In addition to appraisal services, we offer consulting on the purchase of fine art and antiques,
commissioning art work, as well as advisory services for clients de-accessioning property.
We also provide provenance and art historical research, cataloguing, and
curatorial services to collectors, corporations, organizations, and artists.
We hold no inventory and do not buy or sell items that we appraise.
Are appraisals compliant with USPAP (Uniform Standards of Professional Appraisal Practice)?
Yes. USPAP are the current accepted standards for professional appraisal practice. The standards articulate procedures to be followed in the development of a credible appraisal and the manner in which the results of that process are reported. USPAP establishes requirements for appraisers to perform assignments with impartiality, objectivity, and independence. A USPAP compliant appraisal is an indication of professionalism to which the appraiser adheres.
•How often should my collection be appraised?
It depends on the objects in the collection. With prices in the fine art market fluctuating widely, it is recommended that fine art be appraised every three to five years. Collectors often do not realize they need to have their collection reevaluated or that some insurance companies require it. Additional insurance coverage might be necessary on works that have increased in value. An updated appraisal will also help collectors realize which works may need coverage adjusted lower. Consequently, your premium may continue to increase, even if the market is declining. An appraisal with accurate and current values is also essential for estate planning and estate tax, charitable donation, and gift tax.
•Are the appraised values based upon research in the marketplace or do the values just restate the purchase price of the property?
An appraisal is an opinion of value developed and supported by data gathered, analyzed, and interpreted from the marketplace. A purchase price is a fact of the amount paid for the property. The purchase price may not have any relation to the value that might be given due to the financial capabilities, motivations, or special interests of a buyer or seller. In addition, if an appraisal is based only on the purchase price, it may not be accepted by an insurance company for insurance coverage.
• How are fees determined?
Fees are based on the appraiser's time and expenses.
Fees are never based upon the appraised value of the property.
A fee schedule is available upon request.
• Who uses your consulting and appraisal services?
Our clients include attorneys, estate and trust administrators, insurance companies, museums, universities, corporations, artists, law enforcement agencies, film and television production companies, and private collectors.