Freeman's offers appraisal services for fine art, antiques and jewelry including: insurance, probate, family division, charitable contribution, gift and divorce. Freeman’s, located near picturesque Rittenhouse Square in Philadelphia, is family owned and has been in the business of appraising and selling all manner of personal property for over 200 years. Freeman’s has appraised personal property and collections for various reasons determined by the client‘s needs whether it is for fair market or retail replacement value.
Throughout its rich and long history, Freeman’s has been involved with historically significant estates many in the Philadelphia region and some of those estates include the following: Estate of Eva and Edward T. Stotesbury; Estate of Mrs. Mary S. Irick Drexel and Mr. George W. Childs Drexel; and the Estate of Marie Louis LeBel Knight. Today, Freeman’s continues its tradition of appraising personal property of significant estates including the Estate of Robert Montgomery Scott; the Estate of Joseph Sorger, the Estate of Jack Wolgin and the Estate of George Mead Stevenson-Easby located in Chestnut Hill, to name a few.
Freeman’s vast experience continues its tradition of offering skilful valuation services through our team of experienced appraisers. The definition of an appraisal is as follows: “An appraisal is essentially an opinion of value based on proper identification and valuation within a specific market context for a particular purpose.” Our appraisers understand this definition and the requirements of an appraisal report. Our team is made up of accredited and certified members of the American Appraisers Association (AAA) and our reports conform to the Uniform Standards of Professional Appraisal Practice (USPAP). Our appraisal team has the support of experienced specialists within Freeman’s who serve as resources in report preparation producing a document that is reliable and extensively vetted.
We provide appraisals for all manner of personal property whether it is fine art, collectibles, and general household contents including but not limited to: Asian furniture, art and decorative arts; American furniture, folk art, textiles, and decorative arts; English and European furniture and decorative arts; Fine American Art; Pennsylvania Impressionists; European Art and Old Masters; Modern & Contemporary Art; Photographs; American, British, and Continental silver; Books & Manuscripts; Coins; and Rugs and Tapestries. Personal property could be located in a household or be part of a corporate collection.
Freeman’s provides written appraisal reports that satisfy the client’s needs whether it is for estate tax purposes, equitable distribution, inventory listings, estate planning, divorce settlement, charitable contribution and insurance. We work closely with professionals such as estate attorneys, attorneys, fiduciaries, financial planners, estate administrators, accountants, executors or executrixes, and trust officers of banks preparing the needed document in a timely and efficient manner. We guide private clients who may be moving or downsizing and are faced with decisions about personal property and fine collections. If needed, Freeman’s will assist with clean sweep services. Our goal is to provide service and solutions for our client’s needs.
Our reports are USPAP compliant and satisfy IRS and state tax requirements. Each report is bound and contains a detailed, illustrated inventory. For convenience, reports can be sent electronically or we can provide a CD of the appraisal. Our completion time is 4-6 weeks after our initial visit and we are always happy to discuss adjusting our completion schedule to meet the client’s needs. All appraisals are confidential and our appraisers are discreet. Charges for an appraisal whether it is for fair market or retail replacement value are based on time and incurred expenses but never on the value of the property. We are happy to provide quotes before scheduling an appraisal and upon request, will perform a complimentary on site ”walk- through” to provide a more accurate estimate.
- Minimum fee: $1,200 for three hours, each additional hour $300
- Research fees: $150 per hour for additional research if required
- Assistants: $150 per hour if required
- Travel: $75 per hour travel time for a distance of 50 miles or greater from Freeman’s, plus mileage