PROFESSIONAL APPRAISAL DOCUMENTATION

Appraisal Report Format — The Right Format for the Right Purpose

A professional Government Approved Art Appraisal must be documented in a format appropriate to its purpose. A2Z Valuers structures each report so that the valuation, supporting evidence, identification details, and certification are presented clearly for the intended institutional, taxation, insurance, estate, or transaction requirement.

01 SINGLE WORK

Standard Single-Work Appraisal Certificate

A single-work Government Approved Art Appraisal certificate includes a structured record designed to establish the identity, condition, attribution, provenance, market evidence, and concluded value of the specific artwork.

Cover Page

A2Z Valuers letterhead, certificate number, work identification, valuation date, purpose, and appraiser details.

Work Description

Artist, title, date, medium, dimensions, signature, and condition.

Attribution Assessment

Supporting evidence and the stated confidence level of the attribution.

Provenance Summary

Available ownership and documentary history relevant to the artwork.

Condition Report

A documented assessment of the work's significant physical condition factors.

Market Comparables

Three to five auction or gallery comparables with source, date, and price.

FMV Conclusion

Rule 11UA format where applicable for income tax purposes, or replacement cost for insurance.

Certification & Photograph

Appraiser's certification by Nitesh Shrivastava, Section 34AB, together with a photograph of the work.

COLLECTION DOCUMENTATION

Insurance Collection Schedule

For insurance purposes, each work in the collection is listed in a structured table designed around the requirements of the insurance company's fine art floater policy.

The schedule provides a concise reference for identifying every insured work and its current replacement cost, supported by the underlying documentation and photographs.

REF. ARTIST WORK MEDIUM DIMENSIONS VALUE

01 Artist Title Oil H × W ₹ Value

02 Artist Title Mixed H × W ₹ Value

03 Artist Title Canvas H × W ₹ Value

Individual work descriptions and photographic records support the scheduled collection.

03 ESTATE & SUCCESSION

Estate Collection Appraisal

The estate appraisal produces a complete collection inventory: a numbered list of all works with their FMV at the appraisal date.

A narrative summary of the collection's character and market significance is included for the estate's general documentation.

Significant Works

Individual work certificates are produced for significant works requiring detailed identification and valuation.

Minor Works

A summary schedule format is used for minor works below the applicable threshold value.

FINAL DOCUMENTATION

Deliverable Format

Every appraisal is delivered in a practical format suitable for the client's records and the intended institutional counterparty.

PDF

Digital PDF Copy

A digital PDF copy is provided for the client's records and the files maintained by the Chartered Accountant.

DOC

Bound Hard Copy

A bound hard copy bearing the original signature and official stamp is available for presentation to the Income Tax Department or another institutional counterparty.

IMG

Photograph Archive

A digital photograph archive records all appraised works. For collection management clients, the archive can be maintained and updated with each new acquisition.

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