Page 8 - INVENTORYvol.1

Scope of Work
Problem to solve: I was asked to appraise the fair market value of number (#) type of objects that have been/will be donated to Institution, City, State. The clients/donors require this Appraisal Report as they will be taking a deduction from their 20xx Federal Income Taxes based on the appraised value of the contribution. This Appraisal Report will be sent to the clients/donors. The clients/donors will be advised to send a copy of this Appraisal Report to Institution and to keep a copy of the report with their taxes for submission upon request.
Categories of Items Examined: furniture, glass, ceramics, metalware, textiles, fine art, and regional historic artifacts and ephemera
Client: Baton Rouge Area Foundation Owner: Jack and Pat Holden
Effective Valuation Date: The values expressed in this Appraisal Report are effective as of the date or expected date of transfer of ownership, Mo/Day/Yr.
Use of the Appraisal Report: Non-cash charitable donation for IRS tax purposes
Users of the Appraisal Report: This Appraisal Report can be used and relied upon by the clients/donors, their designated attorney/accountant/agents and/or the Accepting Institution, and the IRS. Any other user is considered an unintended user.
Authenticity: Although I am not an authenticator, I had no reason to doubt the authenticity of the work except where noted.
Appraiser’s Past Exposure to Appraised Objects: Although I have appraised similar objects for other clients, this is my initial association with these particular objects, as an appraiser or in any other capacity.
General Assignment Conditions and Method of Examination: I spent nearly three weeks on-site at the Holden property. I had ample time and a suitable environment to examine these objects. I examined the work with a flashlight and under available daylight in situ. When necessary, items were examined with a magnifying lens. In addition, I was provided with an extensive inventory of the collection prepared by Jack Holden and members of his family.
I was able to ascertain medium, style and quality of the works from personal examination, the referencing of photographs, supporting documentation and research. I measured most of the works; height precedes width unless otherwise stated. Condition is based on my observations unless otherwise noted.
I took photographs of the works including details. No modifications or alterations were made to the photographs, except sizing and cropping. The color accuracy of the photographs cannot be guaranteed. I was also provided photographs (as part of the inventory) by Jack Holden, as well as selected high resolution, professional photographs by the Historic New Orleans Collection (that were used in Holden et al, Furnishing Louisiana; see bibliography).
General Condition of Items: No formal condition report was supplied by the client for the articles. As such, I assigned each work a general condition comment – good, fair, or poor with description
Jack and Pat Holden
Fair Market Value for Non-Cash Charitable Contribution
Appraisal Report
Effective Valuation Date: 00/00/00 page 8 of 851
Andrew Richmond PO Box 2199 Marietta, OH 45750 740.760.1788 andrew@wipiak.com