Expert Wine Appraisers in Seattle
Wine enthusiasts and serious collectors have valuable allies in independent appraisers. These experts help wine lovers protect their wine collections by inventorying them and assessing their current value. Obviously, a good wine appraisal and inventory are essential when wine collections are insured. The first step of any appraisal is to identify the intended use, and we provide a variety of appraisal types, including estate tax and estate distribution, non-cash charitable contribution (donation), insurance, insurance claim or damage/loss, equitable distribution, bankruptcy, and advice on the acquisition or sale of wine and spirits.
La Tâche 1990, Domaine de la Romanee Conti
Our Appraisal Process
The appraisal process begins with a discussion with our clients to determine the intended use and scope of the objects to be appraised. The valuation approach is then determined, and an onsite inspection is arranged to examine and photograph each item. Next, an estimated fee is given based on the hours of work anticipated to complete the assignment and the type of appraisal needed. The value of each item is researched based on comparable sales using selected online databases and gallery and auction listings.
Disinterested Third Party
Many of the experts and professionals that appraise wine and spirits are also dealers. Unlike auctioneers or dealers, we are a disinterested third party and appraisal professionals that have no desire to purchase or profit from your items. Our service is focused on providing a third-party, independent valuation, and our fees are the same regardless of the value of your items. Appraisers can also conduct a variety of appraisal services that dealers are not qualified to do, including estate tax and estate distribution, non-cash charitable contribution (donation), insurance, insurance claim or damage/loss, equitable distribution and bankruptcy.
Accredited Independent Reports
We write our wine and spirits appraisal reports according to the rules and guidelines of the Uniform Standards of Professional Appraisal Practices (USPAP) set by the Appraisal Foundation, which is based in Washington D.C. Erin Fossum is an Accredited Member of the International Society of Appraisers (ISA) and follows the report writing guidelines and ethics that are imperative to writing quality appraisal reports. Our appraisal reports are accepted and respected by federal and state government agencies and courts of law. We have conducted hundreds of estate tax appraisals that have been submitted to the IRS and have never had a report questioned. We have completed hundreds of equitable distribution appraisals that have been used and accepted in legal venues. Wine and spirits experts, attorneys and insurance companies consistently advise their clients to make sure when hiring an appraiser that they are a member in good standing of an organization such as the International Society of Appraisers (ISA), the Appraisers Association of America (AAA), or the American Society of Appraisers (ASA).