Art Appraisal Services from Waddington's™ Professionals



For additional appraisal information please contact
Ellie Muir  appraisals@waddingtons.ca  416.847.6196 

Our Expertise

Waddington's has been providing quality appraisal services for over 160 years.  Our appraisal professionals are internationally respected and cover a broad spectrum of disciplines.  With Waddington's you will receive a comprehensive written appraisal with objective, justified values that can be prepared to ISA and Uniform Standards of Professional Appraisal Practice (USPAP) standards.

An appraisal is an informed opinion of the value of an object, based on an adequate inspection of the item, knowledge and research in to the value and recent selling prices of similar items, and the review of available documentation such as provenance and sales receipts. 

There are many situations in which you may require an appraisal:

Whether you are a private collector, an insurance professional, an estate trustee, a financial planner, a registered charity or a museum, our written appraisals - whether simple valuations for sale or complex inventories - can provide you with the information you need to make informed decisions.

We can also provide verbal appraisals when circumstances warrant a more informal, lower cost approach. 

Likewise, if you are considering consignment with Waddington's consider using our Online Appraisals service.  You can send us descriptions and digital images of your valuables.  A member of our team will contact you with our advice as to the market potential of your items.  This is a complimentary service. Click here to access the Online Consultation Form.

  

Estate Planning, Tax Reporting & Equitable Distribution

The distribution of assets whether a result of a bankruptcy, the dissolution of an estate or business, requires a fair market value appraisal.

According to the Canada Revenue Agency the generally accepted meaning for Fair Market Value is “the highest price, expressed in terms of money, that the property would bring in an open and unrestricted market between a willing buyer and a willing seller who are both knowledgeable, informed and prudent, and who are acting independently of each other”.

In the case of an estate, a fair market value appraisal is used for the function of determining estate administration taxes and to assist in the division of property.

In situations involving the dissolution of a business or a bankruptcy, and the sale of assets is required, you may need to have a fair market value appraisal prepared to aid in determining any capital gains tax.  Capital gains tax is levied on the profit realized when an asset is sold for a price greater than it was purchased for on an earlier date.

 

Insurance

Whether you require an appraisal for insurance coverage, to file a loss claim, or because you are shipping or moving items and it is required by your mover, our insurance appraisals will minimize any risk of you not receiving the full value for your property, yet ensure you aren’t overpaying for coverage.

 

Charitable Donation

When you donate property to a registered charity, you qualify for a tax credit based on 75% of the fair market value of the property.  If the deduction is $1000 or greater, you are required by Revenue Canada to have a fair market value appraisal.  Capital gains taxes must be paid on the difference between the fair market value and the price at the time of purchase. 

 

Certified Cultural Property

Certified cultural property donations bring the greatest tax benefits, as they are not subject to capital gains tax.  You can claim the full 100% of the appraised fair market value. If the donation is $20,000 or less you will require one fair market value appraisal.  If the value is greater than $20,000 you are required to submit two appraisals, prepared independently of each other.  The appraisals must meet the format guidelines established by the Canadian Cultural Property Export Review Board

Certified Cultural Property is described by Revenue Canada as a property of outstanding significance and national importance to Canada, for which the Canadian Cultural Property Export Review Board has issued a certificate. 

If the cultural property is not certified, the donation is considered a regular gift in kind and you will receive an official donation receipt based on the fair market value however you will not receive the same tax advantages as a certified cultural property.

Regardless of whether the cultural property is certified or not, you will require a fair market value appraisal for gifts $1000 or greater in value. 

 

Why use Waddington's  

Waddington's appraisal professionals are knowledgeable about the principles, theories and procedures of the applicable valuation discipline and follow the Uniform Standards of Professional Appraisal Practice as recommended by Revenue Canada.

With Waddington's you benefit from 160 years of appraisal experience.

sign up for our email newsletter


UPCOMING AUCTIONS & EVENTS



"Off the Wall" Art Online Auction
August 25 - 28, 2014


On View:
Tuesday 26 August 2014
from 2:00 pm to 7:00 pm

View the Gallery


Jewellery & Watch Auction
Wednesday 10 September 2014 at 7:00pm


On View:
Tuesday 9 September 2014 from 2:00 pm to 7:00 pm
Wednesday 10 September 2014 from 2:00 pm to 5:00 pm




Inuit Art Online Auction
September 15-18, 2014


On View:
Tuesday 16 September 2014 from 2:00 pm to 7:00 pm


Asian Art Online Auction
September 15-18, 2014


On View:
Tuesday 16 September 2014 from 2:00 pm to 7:00 pm


Canadian Art Online Auction
September 15-18, 2014


On View:
Tuesday 16 September 2014 from 2:00 pm to 7:00 pm


Contemporary Canadian Pottery by Kayo O'Young and Diane Nasr Online Auction
September 15-18, 2014


On View:
Tuesday 16 September 2014 from 2:00 pm to 7:00 pm


Canadian Contemporary Art Auction
Concrete Contemporary Auctions and Projects

Tuesday 23 September 2014 at 7:00pm


On View:
Saturday 20 September from 11:00 am to 5:00 pm
Sunday 21 September from 11:00 am to 5:00 pm
Monday 22 September from 10:00 am to 12 Noon

View the Gallery


Art with Heart ( Auction Preview )
October 2-5, 2014




Fall Auction Highlights Week Preview
October 2-5, 2014




Toronto History: A Private Library Online Auction
October 13-16, 2014


On View:
Tuesday 14 October 2014 from 2:00 pm to 7:00 pm


Maps, Militaria and Arms Online Auction
October 13-16, 2014


On View:
Tuesday 14 October 2014 from 2:00 pm to 7:00 pm


Science, Technology and Medical Equipment Online Auction
October 13-16, 2014


On View:
Tuesday 14 October 2014 from 2:00 pm to 7:00 pm


Decorative Arts Online Auction
October 13-16, 2014


On View:
Tuesday 14 October 2014 from 2:00 pm to 7:00 pm


Inuit Art Online Auction
October 13-16, 2014


On View:
Tuesday 14 October 2014 from 2:00 pm to 7:00 pm


"Off the Wall" Art Online Auction
October 13-16, 2014


On View:
Tuesday 14 October 2014 from 2:00 pm to 7:00 pm


Charles Bronfman's Claridge Collection Online Auction: Part III
October 13-16, 2014


On View:
Tuesday 14 October 2014 from 2:00 pm to 7:00 pm


Asian Art Online Auction
October 27-30, 2014


On View:
Tuesday 28 October 2014 from 2:00 pm to 7:00 pm


Vintage Wine Accessories Online Auction
October 27-30, 2014


On View:
Tuesday 28 October 2014 from 2:00 pm to 7:00 pm


"Off the Wall" Art Online Auction
October 27-30, 2014


On View:
Tuesday 28 October 2014 from 2:00 pm to 7:00 pm


Silver and Costume Jewellery Online Auction
October 27-30, 2014


On View:
Tuesday 28 October 2014 from 2:00 pm to 7:00 pm


Modern Studio Glass Online Auction
October 27-30, 2014


On View:
Tuesday 28 October 2014 from 2:00 pm to 7:00 pm


Numismatic Auction
Tuesday 4 November 2014 at 7:00pm


On View:
Tuesday 4 November 2014 from 2:00 pm to 7:00 pm


Jewellery & Watch Auction
Wednesday 5 November 2014 at 7:00pm


On View:
Tuesday 4 November 2014 from 2:00 pm to 7:00 pm
Wednesday 5 November 2014 from 2:00 pm to 5:00 pm


Inuit Art Auction
Monday 17 November 2014 at 6:00 pm


On View:
Saturday 15 November 2014 from 11:00 am to 5:00 pm
Sunday 16 November 2014 from 11:00 am to 5:00 pm
Monday 17 November 2014 from 10:00 am to 12 Noon


Canadian Fine Art Auction
Monday 24 November 2014 at 7:00 pm


On View:
Saturday 22 November 2014 from 11:00 am to 5:00 pm
Sunday 23 November 2014 from 11:00 am to 5:00 pm
Monday 24 November 2014 from 10:00 am to 12 Noon


Asian Art Auction
Monday 1 December 2014 at 6:00 pm


On View:
Saturday 29 November from 11:00 am to 5:00 pm
Sunday 30 November from 11:00 am to 5:00 pm
Monday 1 December from 10:00 am to 12 Noon


Fine Jewellery Auction
Tuesday 2 December 2014 at 7:00 pm


On View:
Saturday 29 November from 11:00 am to 5:00 pm
Sunday 30 November from 11:00 am to 5:00 pm
Monday 1 December from 10:00 am to 12 Noon


Decorative Arts Auction
Tuesday 9 December 2014 at 6:00 pm


On View:
Saturday 6 December from 11:00 am to 5:00 pm
Sunday 7 December from 11:00 am to 5:00 pm
Monday 8 December from 10:00 am to 12 Noon


International Art Auction
Wednesday 10 December 2014 at 7:00 pm


On View:
Saturday 6 December from 11:00 am to 5:00 pm
Sunday 7 December from 11:00 am to 5:00 pm
Monday 8 December from 10:00 am to 12 Noon