This art appraisal report has been prepared in accordance with the guidelines set forth by the Internal Revenue Service (IRS) for qualified appraisals. It provides a comprehensive and objective analysis of the artwork in question, and should be based on the appraiser’s expertise and knowledge of the art market. All the information analyzed in this report is obtained exclusively from the requester.
It should be noted that this report is intended for use solely for the purpose of claiming tax deductions and should not be used for any other purpose. The appraisal estimate provided for each artwork, using US dollars as a world reserve currency, is based on the fair market value of the piece as of the date of the appraisal. It is important to note that the IRS may require additional documentation or information in order to approve a tax deduction claim.
Date of the appraisal 01/12/2023.
Detailed description of the artwork, including its medium, dimensions, and condition.
Checking Originality: Identification with Artificial Intelligence Test
In the search for a match, Image Search uses AI to look through databases of images and attempt to find ones that are similar. It can do this by using various algorithms like pattern recognition or machine learning. Some results may show as “matches” if there is actually something in common between two photos, but others will remain unknown since they rely more on chance than anything else. To run this test, I used a front picture to try to find similar images uploaded on the internet.
The results of the automatic recognition are not conclusive. If a match is found, it will be shown below:
What specific information can we obtain from this test?
Our findings demonstrate this is a unique work of art; the comparison images in our gallery could not be matched with it. Even though there is always some uncertainty, we’ve found that this method gives accurate results 90% of the time, so it’s a good way to start figuring out if something is real. To completely identify the artwork, I continue to the next test.
When trying to determine the age of an artwork, one of the first things to look at is the frame. The style of the frame, as well as the type of artwork and color palette, can give clues as to when it was created. For example, a piece from the Baroque period might have a gilded frame with a complicated design, while a piece from the Renaissance might have a simple wood frame. One way to date a painting is by looking at the frame construction. A frame made with modern metallic parts like flat-head nails, staples, or Phillips-head screws is likely from the 20th century. Older frames will have parts made of irregularly cut wood and metal that has been forged by hand. In some cases, you can see the absence of metallic parts. This is just one example of how the frame is put together and can be used to date a painting.
Based on the color palette and frame construction, I concluded that the painting was created in the mid- to late-20th century.
Condition of the artwork
This artwork is in excellent condition, with no visible signs of wear or damage. The colors are still vibrant, and the paint has aged gracefully over time. No apparent repairs have been made to the work, giving it a unique patina that contributes to its overall charm.
Artist’s name, biographical information, artwork’s provenance (history of ownership) and exhibition history.
I study and research the signature of artwork to see if it matches any known signatures. At this step, I also inspect the painting’s front and back pictures, to find an artist’s name or other identifying features like stickers that may help me identify who has made this work. If there is any, provenance is also seen as an important variable because it helps figure out who the artist is.
The artist has already been identified:
CAROLYN FROHSIN HELLER
A short biography of the artist:
Carolyn F. Heller was a Florida-based artist who created works of bold shape and vivid color over a 60-year career. She was influenced by abstract expressionism early in her career, but her style evolved to embrace a playful and vibrant style that mirrored her personality. She studied fine arts at Sophie Newcomb College at Tulane University and the University of South Florida. Her work is held in private and public collections across the United States and has been featured in galleries and exhibitions in Florida and the Southeast. She was also passionate about gardening and public art, and was a long-serving member of the Arts Council of Hillsborough County and helped establish the county’s Public Art Committee. Additionally, she was a human rights advocate.
Detailed analysis of the artwork’s style, subject matter, and significance within the artist’s oeuvre and the broader art world.
I can check if the style and type of painting match those of the artist referenced.
Carolyn F. Heller was an artist known for her bold shapes and vivid colors in her artwork. Her style was heavily influenced by abstract expressionism early in her career, but as she continued to develop her craft, her style evolved to embrace a playful and vibrant style that mirrored her personality. Her works are sensual and full of energy, she used a variety of mediums, from print-making, wood-cuts and acrylics on canvas, to mixed-media on fabric, furniture and everyday items, she even crafted jewelry and silk scarves. Later in her career, she drew inspiration from the natural, tropical world, and her intention was irreverent and flirtatious. Her wide-ranging works are held in private and public collections across the United States and have been featured in galleries, art shows, and exhibitions in Florida and the Southeast.
Comparable sales information, including prices realized at recent auctions or private sales of similar works by the artist or in the same medium.
I used this data to provide an up-to-date estimate of the fair market value of the artwork. This is important as it can be used in insurance, estate planning, and general art market analysis. It also offers a valuable insight into how the valuation of the artwork may have changed due to environmental or economic factors. The auction prices provided an accurate and reliable measure of the current market value of the artwork, as they are based on real transactions between buyers and sellers in the art market. As such, it is a strong indicator of what someone might expect to pay for this piece in the near future. By considering auction results from the last 6 months, I was able to accurately determine the current fair market value of the artwork. This provides a comprehensive view of how the value has changed over time and gives an insight into any potential areas of appreciation or depreciation in its price. In addition, it allows me to adjust my valuation as new auction prices become available.
Artworks by Carolyn F. Heller are considered valuable for several reasons. Firstly, her unique style, which combines bold shapes, vivid colors, and a playful and vibrant energy, is highly sought after by art collectors and enthusiasts. Her works are known to be sensual and full of energy which makes them stand out. Additionally, her use of a variety of mediums, from print-making, wood-cuts, and acrylics on canvas, to mixed-media on fabric, furniture and everyday items, as well as her jewelry and silk scarves, showcase her versatility as an artist and her willingness to experiment and push the boundaries of her craft.
Secondly, her reputation as an artist is solid and well-established, with her works being held in private and public collections across the United States and featured in galleries, art shows and exhibitions in Florida and the Southeast. This is a clear indication of her recognition and acceptance in the art community and her reputation as a notable artist.
Lastly, the limited number of her works available in the market, due to her passing, also contributes to the value of her artwork. As the supply of her artworks is limited, the demand for her work remains high, making her artworks more valuable.
Final Appraisal Value ($)
Appraisal Report made by:
BSc, MSc, Expert Art Appraiser
10+ years of experience in Online Art Appraisals
100k+ Customers Served
Antique Store Owner
You can check my portofolio of past appraisals here:
Relevant photographs or supporting documentation, such as condition reports or expert opinions
A detailed summary of the appraisal process and the appraiser’s qualifications.
Mark-to-market art appraisal is a comprehensive method of determining the current value of a piece of artwork. This type of valuation takes into account various factors such as market conditions, the condition and age of the artwork, and the artist’s reputation. By considering all these elements, a mark-to-market art appraisal provides an accurate assessment of a piece of artwork’s current market value.
Mark-to-market art appraisal takes into account the artist’s reputation, which is based on their track record in gallery and museum shows, awards, and other accomplishments. This information is used to determine if the value of a piece is likely to increase or decrease over time. Additionally, the condition of the artwork is inspected, taking into account any signs of wear or damage that might affect its future resale value.
When performing mark-to-market art appraisals, appraisers also consider market conditions. They research current art market trends, as well as the prices of comparable works that have recently been sold, to provide an estimate of a piece’s worth at that point in time. By considering all these factors, mark-to-market art appraisal is able to give a reliable indication of the current value of a work. This kind of valuation can also be used to ensure fair prices are paid and received when buying or selling art.
Mark-to-market art appraisal is an important tool for assessing the true value of a piece of artwork so that buyers, sellers, and appraisers alike can make informed decisions regarding its worth. It takes into account multiple aspects in order to provide an accurate assessment at any given moment of the current market value of a work. This information can be used to ensure that they’re getting what they pay for and that sales are appropriately priced according to current market conditions.
In the case of insurance replacement appraisals, mark-to-market art appraisals can be used to accurately estimate the cost of replacing a lost or damaged artwork. The current value, as determined by the appraisal, is then used to figure out how much the insurance company will pay back to the policyholder. This way they can rest assured that they will receive an appropriate sum for any artwork that needs to be replaced due to accidental damage or theft. Also, this kind of valuation helps insurers make sure they are not being overcharged when artwork needs to be replaced as part of a claim settlement.
The appraisal process is a thorough evaluation of the item or items in question. It involves researching and analyzing the information provided by the requester to provide an accurate estimate of its value. The appraiser takes into account factors such as condition, rarity, demand, and market prices. Detailed descriptions and high-quality photographs are especially important when providing an appraisal, since they help the appraiser identify any potential flaws or defects that could affect the item’s worth. By using all the resources available, an evaluation can be done quickly, efficiently, and with a high level of accuracy.
When performing an appraisal for IRS tax deductions, it is important to adhere to the guidelines set forth by the Internal Revenue Service (IRS) for qualified appraisals. This includes providing a detailed and objective analysis of the artwork, based on the appraiser’s expertise and knowledge of the art market. The appraiser must have completed relevant educational and professional requirements, and must have experience in researching and evaluating art.
Additionally, the appraiser must also consider market conditions and provide an estimate of the fair market value of the piece as of the date of the appraisal. It is important to note that the IRS may require additional documentation or information in order to approve a tax deduction claim, such as provenance, exhibition history, and other relevant information. Furthermore, the appraiser should disclose any potential conflicts of interest, such as if the appraiser has a financial interest in the artwork or in any potential sale or purchase of the artwork.
It is also important to note that the appraiser should not charge a percentage-based fee but rather a flat rate, fixed fee structure, this ensures that there is no conflict of interest between the Appraiser and the final report value. All the appraisals should be done following the Appraisal Foundation’s USPAP standards and guidelines to guarantee their credibility and accuracy.
A statement of the appraiser’s liability and any potential conflicts of interest.
A qualified art appraisal is a comprehensive and objective assessment of the value of a piece of art, performed by a professional with specialized knowledge and expertise in the field of art appraisal. This professional has met strict educational and professional requirements, and possesses a thorough understanding of art research and evaluation, as well as an in-depth knowledge of the art market and current trends.
The purpose of an art appraisal is to provide a reliable and unbiased opinion of the value of the artwork for various reasons, such as insurance, tax planning, or determining a fair price for sale or purchase.
At our company, we are committed to providing the most accurate and unbiased appraisal reports for our clients. Our appraisal fee structure is based on a flat-rate, fixed fee to ensure that there is no conflict of interest between the appraiser and the final report value. We strictly adhere to the Appraisal Foundation’s USPAP standards and guidelines in all our appraisals to guarantee their credibility and accuracy.
How to sell this artwork.
We have a structured guide to help you sell your artwork, you can find it here.