Verdult Art Market Index

Certificate of Authenticity and Insurance Appraisal - William Verdult Art

Need a Certificate of Authenticity and Insurance Appraisal (or COA)? We provide all types including originals, lithographs/reproductions, and sculptures. A new certificate of authenticity is recommended periodically. To have your Verdult art work evaluated and a Certificate of Authenticity and Insurance Appraisal issued complete the Pay here then complete your Appraisal Worksheets. After approval certificates are sent via second day air, return receipt requested.
Sotheby's and Christy's consistently state that Yazzy's  www.williamverdult.com and www.verdultgallery.com are the places to go for Verdult art. 
With over 3,000 plus auctions we provide cash sales, appraisals and auction records to leading on-line art sites. We are the recognized and leading authority on the William Verdult art market.
Get your Certificate of Authenticity from the Corporation who own any and all word-wide rights to Verdult Art. More Info>>

Instead of Getting a Barrack's lawyer's Opinion Consult with a Qualified Appraiser

Recently we have had a number of inquiries concerning the value of art work. We caution art lovers and investors to be wary of individuals giving cursory opinions concerning the value of artwork. We suggest that art lovers and investors consult with a qualified independent third party appraiser who are sanctioned and licensed and who have experience in the artwork in question.

We have taken several actions to make the value of Verdult artwork is more transparent.

These actions include publishing recent cash sales of Verdult artwork, sharing this sale data with major web sites that track artists and the value of their art, and developing a data base for the sale of Verdult artwork.

There is verifiable data that exists concerning cash sales of Verdult artwork, as well as documented appraisals of Verdult artwork.

In addition, as we have previously mentioned in our posts, that Verdult artwork has basic bench marks depending upon what market you are looking at. See our posts on Verdult artwork value. In conjunction with the information that we will publish on cash sales we suggest you consult with a qualified third party appraiser.

It is also important to note that a qualified third party appraiser will not give you a cursory opinion on the value of an artwork. Before giving any sort of an opinion on value, a sanctioned and qualified appraiser will take an in-depth look at such things as:
1) Artist Biographical Directory
2) Library of Who’s Who’s in the arts
3) National and International Directory of artists signatures
4) International auction records
5) Art Sales Index
6) Art resource and Price Guide
7) And Priority electronic data base of prices.

In addition, a sanctioned appraiser will provide the method of evaluation, assumptions and general conditions, any limiting conditions, research references, and qualifications of the appraiser.

If you need to know who is a premier appraiser for William Joseph Verdult artwork, send an email to mike@verdultgallery.com

Alton Perkins,
CEO of  Wealth Enterprises Corporation/Yazzy's Fine Art Corporation

Appraisal for William Joseph Verdult Artwork

Appraisal

Verdult Lifetime Appraisal Program

An appraisal is an educated guess given by an expert. The person giving the appraisal should possess expert knowledge about the object being appraised. Expert knowledge comes from years of study and work. An appraisal is an opinion. The insurer and the owner of the object being appraised depend on the opinion of the expert should damage or theft occur.

The appraiser will give a price range that could be expected if the object was sold. It is very difficult for anyone to predict what someone else will pay for an object. Knowledge of the overall marketability for similar objects is required. Knowing what other similar things have brought recently in sales is the foundation of establishing value. Knowing the scarcity of the object is fundamental in setting value. Knowing how many collectors are looking for similar items is a big part of knowing the market well. It is a process of learning not only about the origins of a piece or about styles or periods of art or schools of art but also a bit about human nature and business.

The term that appraisers and insurance companies use for the price an object could be expected to sell for in a gallery, a specialty shop or an auction house sale is called the “market” value. They are trying to determine what it would bring at “market”. Market value is quite different from replacement value. A unique item really can not be replaced… after all it is one-of-a-kind… it has no such thing as replacement value.

The Results are in and the Barricks Lawyer lost Again in asseing artwork by William Verdult

Reference the post on "Verdult - Why would you go to a lay person to operate on your money?"

This post involved an instance where a person allegedly took an original Verdult “to two local art galleries where professional appraisers with degrees in art appraising then appraised the piece. They both appraised the piece and said it was not worth anything, it was just a decorative piece.”

In the post we indicated that we "are not familiar with an independent third party qualified appraiser (whether they have a degree or not) rendering an opinion on a listed artist work without providing written documentation of their opinion and providing documents which list the organization they belong to that makes them qualified to render such opinion.”  Further we challenged the alleged appraisers assertions by having perhaps the preeminent appraiser of verdult artwork provide a formal appraisal of the original art piece that was claimed to be "worth nothing and a decorative piece" at most.

Well the official results are in. The original painting that was alleged to be worth nothing appraised at $27,500.00. This is a formal appraisal conducted by a third party independent appraiser who is sanctioned by several Government agencies and the IRS. In addition his opinion in 20 years has never been over turned by a Court or an insurance company.

To make a long story short, if the person would have listened to people who claimed to be qualified but had little or no expertise and certainly was nowhere near credentialed and qualified as the person providing the formal written appraisal, the person would have been out of several thousand dollars.

Again a word to the wise, because the price of art continues to spiral upward, all types of person are coming out of the woodwork claiming to be experts; why chance things? You are dealing with a valuable asset class when you are talking about original fine art from a listed artist such as Verdult. Get the best advice you can from someone that is truly qualified to give you advise.

Latest official appraisal of a William Joseph Verdult

According to our records, as of April 6, 2007 the latest official appraisal of a William Joseph Verdult piece of artwork appraised between the range of $25,000 and $30,000.

We have a number of 3rd party independently appraised works by William Joseph Verdult. The lowest appraised original Verdult we have on record is $16,000. The highest appraised work is well over $100,000.

Verdult - Why would you go to a lay person to operate on your money?

If you wouldn’t allow a foot doctor to operate on your brain, then why would you go to a lay person to operate on your money? Your money in this case being a cash producing asset – or to be more specific a painting by William Joseph Verdult.

A couple of weeks ago we received this email from someone who had invested in a Verdult painting. They certainly received some misguided information. This is what they said, “I took the painting to two local art galleries where professional appraisers with degrees in art appraising then appraised the piece. They both appraised the piece and said it was not worth anything, it was just a decorative piece.”

We responded by saying, ”We are not familiar with an independent third party qualified appraiser (whether they have a degree or not) rendering an opinion on a listed artist work without providing written documentation of their opinion and providing documents which list the organization they belong to that makes them qualified to render such opinion.”

To demonstrate a point to the person we placed a challenge before them. This is what we said, “You can be assured that the piece that your "Qualified and Degreed Appraisers" claim is a mere decorative piece - is far from the case. In fact, legitimate pieces of Verdult artwork as well as the art market in general "cash" prices continue to rise. Though we certainly cannot say the exact price, we are extremely confident that a "Qualified and Licensed" third party independent appraiser who is sanctioned by the Court System, the Law Profession and the Internal Revenue Service, will appraise the market value of the artwork in your possession for far more than what you have acquired it for.

Based on this fact alone - we will be more than happy to pay for a qualified Government Sanctioned and IRS Registered "Third party Independent Appraiser" to appraise the artwork." If the artwork's "market value" does not appraise for several thousand dollars; and its value is what your "so called appraisers claim” that is "it was not worth anything, it was just a decorative piece", we’ll not only pay for the appraisal, we will buy the art from you.

Though the results are not in until we receive the official report from the appraiser one point stands out.

If you wouldn’t go to a foot doctor to operate on your brain, why would you consult a novice with valuable assets?

We are waiting on the formal report from the appraiser. The appraiser’s findings will be reported here.

Verdult Valuation Program

The illustration above indicates the factors that go into valuing artwork for William Joseph Verdult.

See our posts on:

• My Verdult has an Insurance appraisal of $125,000 I need to know the fair market value.
• We get tons of emails asking about the value of creations by William Joseph Verdult
• Ever wonder what your Verdult painting is really worth?

As a complimentary benefit, our Corporation has implemented a valuation program that provides art lovers and investors who buy a Verdult panting from the Corporation with a comprehensive appraisal to determine the art work's market value. A third party independent bonded appraisal Government sanctioned and IRS approved and an expert in appraising of William Verdult artwork will provide an appraisal. The appraising entity has over 20 years of experience and its determination has never been over turned by any insurance company or the Internal Revenue Service.

The report is a "Lifetime Report" and after the initial formal assessment paid for by the Corporation, art lovers and investors can get the report updated, for a small fee, throughout the life of the work.

My Verdult has an Insurance appraisal of $125,000 I need to know the fair market value.

Question:
I am going through a divorce, and trying to separate property. While my Verdult has an "insurance appraisal" of $125,000 I need to know what the fair market value is. Thanks.

Answer:
Please see our previous posts on value. here is the answer to your specific question:

Reference: The Fair Market Value for Artwork by William Joseph Verdult

There is a distinct difference between the value listed on a Certificate of Authenticity and Insurance Appraisal (COA) provided by the artist/company for the artwork created by William Joseph Verdult; and the artwork’s fair “market value”. The COA bearing the artist’s original signature contains the artist/company’s estimate of value and serves a dual purpose. The COA from the artist/company serves as proof that you have an authentic work and gives a guide for the replacement value. The COA basically says this work is authentic and if something happens to it and the work is required to be replaced, then according to the artist/company, the value on the COA is what it would cost to replace the artwork. This is a more subjective value.

The fair “market value” of a painting by William Verdult is determined by either a direct cash sale or by a third party independent appraiser sanctioned by the appropriate regulatory agencies and an expert in the field of appraising William Verdult artwork.

The COA is provided to an Independent third party certified appraiser when that entity or person is officially appraising the work. The Independent Appraiser considers the COA when appraising the work as well as other factors, such as past sales of the artist’s work, similar sales of similar artists’ work. Other factors are considered as well. The appraiser then comes up with the “market value” of the work.

We have extensive records on the cash sales of William Verdult artwork. Over the past three years we have conducted over 2,400 plus auctions of William Verdult artwork, including original paintings and lithographs and have sold a number of Verdult pieces. Cash sales for artwork created by William Verdult ranges from $2,500.00 to $29,000.00. These values can be found on art price reporting sites such as Artnet.com.

We have found that provided that the work has been appraised by an appraiser who is an expert in his field and an expert in Verdult artwork, the market value established normally with stands any sort of challenge in litigation, by the IRS, or Insurance companies.

The value stated on the COA – especially for Verdult artwork is normally higher than the value that will be ultimately placed on the work by an independent third party appraiser.

For example, if the COA from the artist/company states $250,000, we have found that normally the market value placed by an independent third party appraiser is considerably less than the value on the artist’s/company’s COA.

At present we have commissioned several formal appraisals of Verdult artwork from an independent Government sanctioned expert in Verdult work; appraisal values range from $16,000 up to $100,000.

The artwork that you describe would probably have a fair market value of between $24,000 and $45,000. This is a general estimate of the value. To determine the actual appraised fair “market value” of the artwork, we suggest you have a formal appraisal of the artwork completed by a recognized expert in appraising Verdult artwork.

We get tons of emails asking about the value of creations by William Joseph Verdult

Sacrifice

Often we get tons of emails asking about the value of creations by William Joseph Verdult. Here is an email that we want to share with you.

I currently own several pieces of original Verdult artwork. I am interested in selling them to help pay for my children's (x3) college educations. My question is, doesn't an appraisal (authenticated/certified type) actually also counts as a certificate of authenticity and as well as establishing a value?

Our response:

Thanks for the email.

The short answer is no.

Most people do not understand this.

The Certificate of Authenticity or COA comes directly from the artist/company. That Certificate is entitled a “Certificate of Authenticity and Insurance Appraisal”.

The COA or Certificate of Authenticity bearing the artist’s original signature contains the artist/company’s estimate of value and serves a dual purpose. The COA from the artist/company serves as proof that you have an authentic work and gives a guide for the replacement value. The COA basically says this work is authentic and if something happens to it and the work is required to be replaced, then according to the artist/company the value on the COA is what it would cost to replace it. This is a more subjective value.

The COA is provided to an Independent third party certified appraiser when that entity or person is officially appraising the work. The Independent Appraiser considers the COA when appraising the work as well as other factors, such as past sales of the artist work, similar sales of similar artist work and other factors are considered as well. The appraiser then comes up with the “market value” of the work. We have found that provided that the work has been appraised by an appraiser who is an expert in his field and an expert in Verdult artwork, the market value established normally with stands any sort of challenge in Court, by the IRS, or Insurance companies.

The value stated on the COA – especially for Verdult artwork is normally higher than the value that will be ultimately placed on the work by an independent third party appraiser.

For example, if the COA from the artist/company states $250,000, we have found that normally the market value placed by an independent third party appraiser is considerably less than the value on the artist’s/company’s COA.

At present we have commissioned several formal appraisals of Verdult artwork from an independent expert in Verdult work and Government sanctioned appraiser; values range from $16,000 up to $100,000.

You are probably aware that the art market in general is on a steep upward swing. We see the formal appraised market value of Verdult work going beyond the $100,000 range in the near future.

Hope this helps.

www.verdultgallery.com

Ever wonder what your Verdult painting is really worth?

Tranquil Setting

Ever wonder what your Verdult painting is really worth? Well there are a number of ways to find out. But before you do take a look at our posts "What is the real price of Verdult artwork? and William Joseph Verdult - Where's My $5 million?"

The best way to find out about the cash value of a William Verdult painting is to:

1. Look at what other paintings of similar kind are selling for on the retail market. You can do this by visiting verdultbluebook.com or Artnet.com;
2. Another way is to get a formal assessment of the value by a certified appraiser who is knowledgeable of William Verdult art work. Here you have to be careful to avoid as we call them in our post on “Instead of Getting a Barrack's lawyer's Opinion Consult with a Qualified Appraiser.”

Why a formal appraisal?

Well it will do two things for you. First it will let someone who is really qualified in pouring over thousands of paintings and data points who has experience in what is going on in the market come up with the worth of your painting. Second, you can use this valuable information to not only insure your painting; the paintings value becomes part of your personal net worth which you can use on your personal financial statement, and even as collateral to secure a loan.

In getting a formal appraisal we recommend that you use one of the preeminent experts in the field on William Verdult artwork. The qualifications of the entity and its impeccable record of not being reversed by either the insurance company or the Internal Revenue service in 20 years are exceptional.

Most important the entity has a "lifetime Appraisal" program. For a small free, after the initial appraisal you can get an update of your appraisal any time you want.

If you want to find out more how you can add value to your personal net worth, email us at mike@verdultgallery.com .