ASK MIR: SHELF LIFE OF A FINE ART APPRAISAL

Dear Deanna, Thank you for submitting this question, as it tends to come up frequently in our work. We are large proponents of detailed record keeping when it comes to artwork. A previous appraisal report can be a tremendous asset when trying to determine ownership and provenance, and can even help in verifying authenticity, depending on the artwork and the appraisal. However, the values listed on a previous appraisal report aren’t necessarily a good indicator of an item’s current value. As in all cases with our research, whether or not an appraisal value remains reliable long-term varies significantly from item to item, and each item requires individual assessment. That being said, when ask