Estate Liquidation Services
Superior, Personalized, Professional Experience
Our Appraisal & Estate Services offers a full range of
options for those who need to sell the contents of an estate,
home, or collection. From the free on-site consultation to the
final accounting, we handle every aspect of your sale with care
We strive to get the highest realized value for your possessions,
whether we are auctioning your collectibles on e-bay, selling to a
dealer/ collector or running an on-site tag sale, we creatively and
diligently provide you with the results that you desire.
How The Process Works
Our knowledge and expertise, Appraising Personal Property,
gives us an advantage over our competitors.
One of the most vital aspects of profitable asset liquidation
is to determine the best marketplace to sell assets. knowing
the appraisal process make it possible to direct your assets to
the venue where the highest possible value can be realized
in a timely manner. We employ a variety of methods including
auction, dealers, collectors, consignment, tag sale, and
tax-advantaged charitable giving. We evaluate each item
separately to determine how it fits into an overall disposal
strategy that meets your needs.
Steps for the Estate Liquidation Process
- Initial estate walk through
- Contract negotiation
- Pre-estate sale staging & set-up
- Estate sale
- Post-estate sale clean-out & donation process
- 90 day consignment period for unsold items
Types of Liquidation Property
- Residential Estates
- Business Estates
- Individual & Corporate Collections
- Forced Liquidation of Assests
- Downsizing or Relocation
Our services include appraisal services for probate, estate tax,
marital distribution, bankruptcy, and non-cash charitable donations.
We will provide fully compliant IRS ready form 8283 for your tax
return preparer. Finally, we also provide premises clean-out
service for the convenience of our clients.
Inventory & Commission Schedule
Because each situation is unique, we tailor our fees to
individual needs. In general, fees are based on the actual
sale price realized for the individual item. The estimated
sales calculations are provided in our inventory report prior
to the sale. Once the sale is complete we provide the client
with the same inventory report with one column reflecting
the estimated sales price and the next column reflecting
the actual sold price for each item. This not only ensures
an accurate accounting of what the item was valued at but
also what it actually sold for.
- Accurate Inventory Control
- Sales documentation on each item
- Complete premise clean-out service
- 90 day post sale consignment follow-up
- Compliance with neighborhood covenants
- Sensitivity to clients pocessions
- Professional and pleasant client relationship
Honest, Accurate and Professional
Masterpiece Appraisals is a personal property appraisal company
dedicated to providing appraisal services of the utmost quality to
corporations, attorneys, insurance companies, and collectors, thereby,
allowing them to maximize the value of their possessions through
accurate, thoroughly researched documentation.
Our Specialty Areas
- Antiques & Decorative Arts
- Fine Arts
- Residential General Contents
Types of Appraisals
- Estate Probate
- Insurance loss or Replacement Vvalue
- Division of Assets
- Charitable Donations
- Resale Purposes
Types of Property
- Residential Contents
- Fine Arts
- Religious Items
- Decorative Arts
- Unique Items
- Deconstruction Items
Why Choose Us?
Because we are knowledgeable and trustworthy professionals whom,
through continuing education stay on top of many issues that can and do affect our industry.
- Experienced Professionals with over 30 years experience in various types of fine art, collectibles and decorative art.
- Since 1995, we have had practical personal property appraisal
- Expert witness experience.
- Previous fine art Gallery owner from 1998 until 2004.
Our Assurance: Highest Ethical Standards
- The American Societies of Appraisers Code of Ethics.
- (USPAP) Uniform Standards of Professional Appraisers Practice.
Our Guarantee: Exceeding Report Writing Requirements
- Insurance Companies
- Individual Collectors
- Law Firms
- The Internal Revenue Service
- Financial Institutions
Richard Burmood has completed the required appraisal courses from the American Society of Appraisers (ASA), which is one of the main appraisal societies that, in 1987, founded The Appraisal Foundation (TAF).
Since 1989, the United States Congress has recognized TAF as the source for the development and promulgation of appraisal standards and qualifications. In addition he has also current on the (15) hour (USPAP) Uniform Standards of Professional Appraisal Practice, and Ethics principles course.
Richard Burmood has over three decades of fine art experience as curator and owner to some of the finest art galleries in the world. He has studied art extensively and has his BFA from the Laguna School of Art and Design, in Laguna Beach California. He has over 500 appraisals to his credit that represent major law firms and insurance companies as well as national universities, celebrities, museums, government officials, non-profits and individual collectors
The Appraisal Process: Thorough and Reliable
Although we customize our services based on our client needs, here
is the typical process steps of how our service works:
Inspection: The appraiser examines the property for condition, identifying marks and characteristics; if the property is not available for inspection due to loss, theft, or water/fire damage, the appraiser has to make some assumptions based on the history of the item that is being appraised. Photographs of the property prior to the loss are often used.
Research: The research time includes time taken to identify marks, dates, find comparable data, verify the appropriate markets for the items, and consult with various experts if need be. Locate extensive comparable auctions results, and all available sales data are necessary steps to evaluate the property.
Report: The final document will provide
a clear and concise explanation of the valuation. It will
have a title page with the type of valuation and effective date, letter of transmittal giving the purpose and intended use, location and date of inspection. It
will have a definition of value and limiting conditions, description of property with photos, a list of all the comparable property and their values, a narrative section detailing the scope of the project and market conditions, a signed certification, an acknowledgment that the appraiser has no fiduciary financial interest in the items in question, there is also a glossary of terms, bibliography, and the appraisers qualifications/credentials.
Thank you Richard for your professional, timely, and accurate, estate taxation appraisal report during a time in which our family was grieving over the loss of our mother. I am very impressed with the quality of work and the detail in which it represents.
Mark Udall, United States Senator
This is one of the most informative reports I have read in a very long time, thank you for your time and effort!
Cindi Brewster, Attorney Denver, Colorado
Richard, I am very impressed with your appraisal and the depth in which you researched my fine art, Thank you!
Dmytri Gershengorin, Denver, Colorado
I am very pleased with your appraisal report, I had no idea what my Picasso's were worth and I am impressed with the amount of work that went into the valuation. I have had other pieces of art appraised with no explanation of value of even a signed certification, I highly recommend you to anyone looking for an honest, accurate appraisal report.
Paul Gerstenberg, Hilo, Hawaii
We searched every where for a reliable appraiser for our Salvador Dali collection. We are very happy that we found you right here in Colorado, our referral from New York made a great recommendation, Thank You!
ACC Student Senate, Aurora, Colorado
Thank you so much for taking the time to value the art collection in our presidents home. We had no idea that the foundation had such an enormous and important collection of western art. We feel confident that our insurance policy is finally up to date.
CU Foundation, Boulder, Colorado
The Vance Kirkland Museum recommended you to me and I am very appreciative for your professional accurate valuation of my charitable contribution appraisal report.
Mr. John Forry, Phd., New York, NY
Frequently Asked Questions
Here are a few common questions our clients typically have. If you have other questions, please use our E-mail us page to send us your questions and we will respond as soon as we can.
Q: What is personal property: Anything that you can own other than your business; like antiques, residential contents, art, furniture, collections, collectibles, silver, pottery, jewelry, memorabilia, toys . . . everything inside the house.
Q: What is an appraisal: An appraisal is a legal document or a verbal opinion, which describes the subject property and estimates its value.
Q: Who is qualified to appraise: A qualified appraiser is someone who has studied Valuation and Appraisal Sciences and has successfully completed a series of courses offered by anyone of the eight associations that help form the legislation that created the Appraisal Foundation. A qualified appraiser holds current member status in one or more of the associations affiliated with the Appraisal Foundation, like the ASA (American Society of Appraisers) or the AI (Appraisal Institute.
Q: How are the fees calculated: Appraisal fees based on valuation are not ethical, and it is a strict violation of USPAP. We follow the Uniform Standards of Professional Appraisal Practice (USPAP), and our fees are calculated by the job or hourly. In some cases, the client and appraiser can agree upon a specified amount. In other cases, additional fees may be necessary for extensive research for rare or unique items, the use of outside consultants, expert witness testimony, or travel time, are always agreed upon before incurring the fees.
Q: How do i know if I need an appraisal: You need one if you are procuring insurance for replacement or making a claim, estate probate, doing a division of property for divorce purposes or other litigation. Moving, and disposing of an estate might require an appraisal to satisfy all of the estate needs. To confirm the value of personal property for sale or collateral purposes to satisfy the IRS when making charitable donations or paying estate taxes to assist with estate planning and establishing net worth is also a necessary fact of life..
Q: How long is the appraisal valid: The market conditions are always changing so important appraisals should be scheduled for review sometimes every year, but the standard is 2 to 5 years. USPAP requires that you keep the file for 5 years or two years after court decisions are finalized.