Tom Jones Fine Arts, LLC
Art Appraisals, Art Brokerage, Collecting Consultation
"30 years museum experience"

Serving Midland-Odessa & Beyond

Fees

 

Consultation (Walk-through)                                                                                                                     $125/hour
For clients who are unsure whether or not an appraisal for any or part of their art collection is necessary or worthwhile, I offer a walk-through service.  At this time I view the collection with the client, and discuss the valuation options available and what a client might expect to pay in each case. If the consultation results in an appraisal assignment you will receive a credit. Payment is due at the time of service.

Formal Written Appraisal                                                                                                                            $125/hour
The cost of a formal written appraisal includes the expertise and time necessary for a thorough inspection of each item, photography, market  research and analysis, and the preparation of an unbiased independent conclusion of value in a written report. The appraisal will be bound in duplicate and prepared to industry standards. Appraisal projects can require 2-4 hours per item. An estimate will be provided after an initial consultation with the client regarding the purpose of the appraisal and a preliminary inspection of the items involves. I keep accurate logs and provide an itemized accounting on the invoice. Note: A retainer of ½ the estimated high-end fee is required upon the acceptance of the contract.

Professional Opinion of Value (POV)                                                                                                        $25/item
When a formal appraisal is not warranted, I can provide a Professional Opinion of Value (POV) in place of a formal written appraisal.  This valuation service does not follow the accepted, formal appraisal standards. A POV is good for those who desire the general value of an item (expressed as a range) to help you decide how to treat an item for the purpose of resale or restoration. POV is not valid for insurance or legal functions.  Again, a POV is not an appraisal, but an economical valuation service. I offer discounts for 10 or more items.

 Art Brokerage Services                                                                                                                                Percentage
I provide art brokerage services for select high quality works of Art. I will act as a sales agent for you to find the best venue for sale, or as a purchasing agent to obtain the art you desire at the best possible price. I charge a flat percentage of the sales price for brokerage services.  The client will be responsible for any related expenses, such as crating, shipping, and insurance when applicable.

Travel Expenses & Other
Travel expenses for assignments outside of the Midland-Odessa area will be billed a rate of .55 cents per mile plus reimbursement for hotel and/or meals. The actual cost of postage, copying and binding appraisal reports will be billed to the client per the terms of the contract.

Terms
Cash or personal check. I do not accept credit cards.

 

New fees are effective as of April 15, 2013.

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