Tuesday, March 18, 2014

BEFORE MOVING ART, ANTIQUES, PIANOS AND OTHER VALUABLE FURNITURE, OBTAIN A PERSONAL PROPERTY APPRAISAL


FORT PIERCE, Florida Furniture movers are known to cause damage to items that are entrusted unto their care by careless handling, improper packing and storing as well as through unavoidable accidents. Regardless, when valuable art,  antiques,  musical instruments,  collectibles or irreplaceable family heirlooms arrive in damaged condition, many of us have no recourse except regret. That is, of course, unless you were wise enough to obtain a personal property appraisal detailing just how much your items were worth before they were damaged.

Most large moving and storage companies carry insurance that indemnifies them against claims brought against them due to damaged items. But those policies are not guarantees that compensation will be provided for the full fair market value of those items. In the event of a loss, an insurance adjuster will evaluate the claim for evidence of prior damage and research the values of the damaged items in question. If no personal property appraisal was presented to the moving company prior to the move, exactly how much your Warhol art, Steinway concert grand piano or English Georgian arm chair is open to the adjusters interpretation. In addition, a receipt showing how much you paid for an item doesn't serve as adequate evidence for the simple reason that people often overpay for things they can't live without. When it comes to paying claims, insurance adjusters are well-schooled in how to minimize their exposure. If you did not give them the opportunity to view a valuation appraisal beforehand, you may be disappointed in the outcome.


The St. Lucie Appraisal Company
P.O. Box 2700
Fort Pierce, FL 34954
Tel: 772-359-4300
Fax: 772-466-8400
eMail: contact@stlucieappraisal.net     


Personal Property Appraisals nationwide including Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington West Virginia and Wisconsin.
You may obtain appraisals for Financing, Charitable Donation Tax Credits, Collateral, Damage Claims, Equitable Distribution, Bankruptcy, Estates, Insurance Stated Value, Purchase & Sale and Diminished Value.

Appraisals of Personal Property, Art, Boats, Classic & Custom Autos, Antiques, Art, Collectibles & Memorabilia, Electronics, Machinery, Motorcycles & Choppers, Furnishings, RVs, Trucks & Heavy Equipment. Business Valuations specializing in all types of small businesses.

FIND US FAST IN THE REAL AT&T YELLOW PAGES


Keywords for this article: residential, contents, appraise, appraisal, appraiser, fair market value, retail value, personal property, Florida, St. Lucie Appraisal

Thursday, January 23, 2014

APPRAISING AUTHENTICATED BASEBALL AND OTHER SPORTS COLLECTIBLES - WHO AUTHENTICATES THE AUTHENTICATORS?

APPRAISING AUTHENTICATED BASEBALL AND OTHER SPORTS COLLECTIBLES

FORT PIERCE, Florida - Having had occasion to appraise the value of numerous items of sports memorabilia, occasionally a unique item is brought to our attention that merits careful investigation before signing our name to the appraisal. Should our research be faulty and the insured item disappear or should the IRS have questions about how we arrived at a particular value of a donated item, the appraiser better have answers - and quick. The autographed jersey pictured above was signed by New York Yankee great, Derek Jeter. You will also note that the collectible garment was authenticated by Steiner Sports Memorabilia. It lists Jeter's statistics from his 1996 American League Rookie of the Year season and an arm patch that denotes 100 Years of Baseball, 1901-2001. The owner of the jersey was told that it was Jeter's backup jersey for the 2001 World Series. He wished to insure it for a great deal of money so we set out doing our research with due diligence. Among the inquiries we made was a call to Steiner Sports Memorabilia in New Rochelle, NY. The owner, Brandon Steiner, is a well-known Yankee nut and is considered to be an expert on anything to do with the Bronx Bombers, from autographed jerseys to plastic containers of dirt taken from the Yankee Stadium infield. Mr. Steiner's personal assistant, Jennifer Morrison, was cordial and appeared to want to help. Our three questions were simple.
 1) Is the Steiner Certificate of Authenticity itself authentic? It contains no number on either the front or back. It simply reads "Derek Jeter" and seems crude on the face of it. No mention of whether it is a Jeter-signed jersey, hat, baseball or bat.
2) When this item was authenticated, did it have all of the embroidery, arm patch, etc. on it or is this simply a signed jersey on which the other things could have been added later on? Any embroidery store can stitch on the stats that appear on this "one-of-a-kind" jersey. The various patches that appear could have also been sewn on later. Is this a very valuable piece of sports history or just a $300 jersey that was embellished to appear significantly more rare and thus, more valuable?
 3) Could this be Jeter's backup jersey from the 2001 World Series?


WHO AUTHENTICATES THE AUTHENTICATORS?

From December 17, 2013 to January 9, 2014 we made telephone calls and sent numerous emails to Steiner Sports Memorabilia. We were told that they had three separate people working on answering our three questions. In the end, the person who seemed so helpful instead struck out , to use a baseball metaphor. We never received a call back. So, of course, we had to inform the owner of the "one-of-a-kind" autographed Derek Jeter jersey that he'd have to insure the collectible garment for far less than he paid for it.

In the event that a collector pays a few hundred dollars for an item authenticated by Steiner Sports Memorabilia or any authenticator for that matter, how badly can he or she get burned if the company refuses to answer questions posed by an appraiser, insurance company, the IRS or a magistrate or mediator in a divorce or bankruptcy case? However, when purchasing a very expensive "authenticated" sports collectible, better to be sure than sorry. Call the authenticating company to make sure they've got your back instead of you winding up getting nothing but theirs.

PS: We must give credit where credit is due. Not sure if this article was brought to the attention of Steiner Sports and Memorabilia but one day after its publication I received this letter from Judy Morrison.

Hi Franklin,

I’m sorry, I thought this was taken care of.

I consulted our experts here and this is their determination:

Your Question #1 – “Is the Steiner COA Authentic?  It contains no number on either the front or back.”
Answer – The Steiner COA is Authentic but it doesn’t relate to the jersey – it relates to Derek Jeter’s signature.

Your Question #2 – “When this item was authenticated, did it have all of the embroidery, arm patch, etc. on it or was it simply a signed jersey that the other things could have been added to later on?”
Answer – As stated above, the item/jersey was not authenticated – the signature was.  People can send-in any sports memorabilia item to be signed by an athlete - for example, the item could have been purchased at any retail outlet that sells them and patches/things could have been added later on.  The condition of the item would be irrelevant to Steiner as the athletes signature is all Steiner is authenticating.

Your Question #3 – “This was supposedly Jeter’s backup jersey for the 1996 World Series….”
Answer – There is Zero chance this was his backup jersey. 

Hope that helps!  Be well and soak up the sun for those of us freezing in New York!

Best,
Judy



The St. Lucie Appraisal Company
P.O. Box 2700
Fort Pierce, FL 34954
Tel: 772-359-4300
Fax: 772-466-8400
eMail: contact@stlucieappraisal.net   
Web Site: http://stlucieappraisal.net/


Personal Property Appraisals nationwide including Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington West Virginia and Wisconsin.
You may obtain appraisals for Financing, Charitable Donation Tax Credits, Collateral, Damage Claims, Equitable Distribution, Bankruptcy, Estates, Insurance Stated Value, Purchase & Sale and Diminished Value.

Appraisals of Personal Property, Art, Boats, Classic & Custom Autos, Antiques, Art, Collectibles & Memorabilia, Electronics, Machinery, Motorcycles & Choppers, Furnishings, RVs, Trucks & Heavy Equipment. Business Valuations specializing in all types of small businesses.

FIND US FAST IN THE REAL AT&T YELLOW PAGES


Keywords for this article: appraise, appraiser, appraisal, sports, collectible, memorabilia, baseball, Yankees, Derek Jeter, authentic, Steiner Sports Memorabilia, Brandon Steiner, Autograph, jersey, The St. Lucie Appraisal Company

Updated 01-24-2014

Saturday, January 4, 2014

HOW TO APPRAISE RESIDENTIAL CONTENTS - RETAIL VS. FAIR MARKET VALUE OF PERSONAL PROPERTY

HOW TO APPRAISE RESIDENTIAL CONTENTS - RETAIL VS. FAIR MARKET VALUE OF PERSONAL PROPERTY
FORT PIERCE, Florida - Different circumstances can dictate the method by which a personal property appraiser prepares a valuation of residential contents. By far, the most common type of appraisal displays how much various things are worth by a standard known as Fair Market Value which can be defined as the amount that an item would sell in the open market if put up for sale. In order to appropriately assess the fair market value of most articles of personal property, St. Lucie Appraisal can access various web sites such as eBay to obtain sales results of a good many items. In fact, the typical contents appraisal lists approximately six sources of information from which values are obtained. Preparing a residential contents appraisal on a retail basis, however, is a considerably more time-consuming process. A recent example of such a report was requested by a client in northern Florida. In that case there was a dispute involving the heirs of an estate that the executor's attorney felt would be better addressed by our preparing a contents appraisal based on retail values.
In order to illustrate how laborious, and therefore more expensive a proposition an appraisal based of retail value can be, the sources of information used to establish those values are listed below.

http://www.nadaguides.com
http://www.ebay.com
http://www.intheholegolf.com
http://www.dickssportinggoods.com
http://www.wayfair.com
http://www.sears.com
http://www.pooltables.com
http://www.proform.com
http://www.willygoat.com
http://www.kotulas.com
http://www.zulily.com
http://www.acehardware.com
http://www.wheelworld.com
http://www.lkgoodwin.com
http://www.graco.com
http://www.kohls.com
http://www.walmart.com
http://www.amazon.com
http://www.wateroutfitters.com
http://www.basspro.com
http://www.tennisexpress.com
http://www.searsoutlet.com
http://www.coleman.com
http://www.purehome.com
http://www.rubylane.com
http://www.youngsceramic.en.alibaba.com
http://www.clubfurniture.com
http://www.furniturecart.com
http://www.houzz.com
http://www.alltimetvs.com
http://www.store.sony.com/
http://www.fullcompass.com
http://www.bestbuy.com
http://www.oreck.com
http://www.tennis-warehouse.com
http://www.3tailer.com
http://www.badcock.com
http://www.designtoscano.com
http://www.modernmarketplace.com
http://www.hayneedle.com
http://www.bhphotovideo.com
http://www.overstock.com
http://www.eliteauction.com
http://www.smith-wesson.com
http://www.mygunpurses.com
http://www.soap.com
http://www.homedecorators.com
http://www.shopwiki.com
http://www.earthling.com
http://www.bonanza.com
http://www.fossil.com
http://www.dillards.com
http://www.allmodern.com
http://www.bedbathandbeyond.com
http://www.cymax.com
http://www.onlineofficestogo.com
http://www.hertzfurniture.com
http://www.slumberland.com
http://www.belk.com
http://www.luggagefactory.com
http://www.rakuten.com
http://www.stacksandstacks.com
http://www.homegoods24.com
http://www.homedepot.com
http://www.1000bulbs.com
http://www.target.com
http://www1.macys.com
http://www.fab.com
http://www.williams-sonoma.com
http://www.best-deal.com
http://www.appliancesconnection.com
https://www.simplehuman.com
http://www.replacements.com
http://www.hayneedle.com
http://www.amazingfind.us
http://www.lenox.com
http://www.mikasa.com
http://www.wineenthusiast.com
http://www.kirklands.com
http://www.crystalclassics.com
http://www.bambeco.com
http://www.ross-simons.com
http://www.lampsplus.com
http://www.wayfair.com
http://www.godinger.com
http://www.chefscatalog.com
http://www.metrokitchen.com
http://www.casa.com
https://www.etundra.com
http://www.bestbrandsclub.com
http://www.jcpenney.com
http://www.cuisinartwebstore.com
http://www.dealtime.com
http://www.royaldesign.com
http://www.tresamigosworldimports.com
http://www.roundaboutantiques.com
http://www.furniturefromhome.com
http://www.muranoglassgifts.com
http://www.officefurniturespot.com
http://www.healthyback.com
http://www.guitarcenter.com
http://www.lampsplus.com
http://www.officedepot.com
http://www.uline.com
http://www.elementsdecor.com
http://www.americanmusical.com
http://www.dealnews.com
http://www.epson.com
http://www.prodrinkingfountains.com
http://www.ajmadison.com
http://www.officemax.com
http://www.meijer.com
http://www.mansiontools.com
http://www.tools2parts.com
http://www.everythingkitchens.com
http://www.cooking.com

In addition to the time spent locating the numerous items involved, the process of copying the various descriptions, photos and prices onto a work sheet is almost as arduous as finding the articles themselves. Of course, a properly prepared synopsis will contain a listing of these resources but the work sheet is far more comprehensive because it will list each web address in full, enabling a magistrate or mediator to navigate directly to each particular item. In the case described above, the work sheet was more than eighty pages. If a retail value-based contents appraisal is deemed necessary, whether for estate dissolution, sale of a business or a divorce proceeding, don't expect it to come cheap.


The St. Lucie Appraisal Company
P.O. Box 2700
Fort Pierce, FL 34954
Tel: 772-359-4300
Fax: 772-466-8400
eMail: contact@stlucieappraisal.net     



Personal Property Appraisals nationwide including Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington West Virginia and Wisconsin.
You may obtain appraisals for Financing, Charitable Donation Tax Credits, Collateral, Damage Claims, Equitable Distribution, Bankruptcy, Estates, Insurance Stated Value, Purchase & Sale and Diminished Value.

Appraisals of Personal Property, Art, Boats, Classic & Custom Autos, Antiques, Art, Collectibles & Memorabilia, Electronics, Machinery, Motorcycles & Choppers, Furnishings, RVs, Trucks & Heavy Equipment. Business Valuations specializing in all types of small businesses.

FIND US FAST IN THE REAL AT&T YELLOW PAGES


Keywords for this article: residential, contents, appraise, appraisal, appraiser, fair market value, retail value, personal property, Florida, St. Lucie Appraisal