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AccountancyISCO 3315

Personal property appraiser

A personal property appraiser is a person who examines personal items such as books, wine, works of art and antiques in detail in order to establish what they are worth for sale or for insurance.

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Rate 5 of the 8 essential skills of this occupation (European ESCO data). No account needed.

compile appraisal reports

analyse insurance needs

obtain financial information

analyse insurance risk

determine resale value of items

About personal property appraiser

The appraiser values an item by its age, its present condition, its quality and the repairs it will need. Each of those is established by examination and by research rather than by impression: comparable sales, catalogues, provenance and the literature on the maker. The appraiser also carries out market research, since the value of an item for sale depends on current demand. The appraiser determines the resale value of assets and gathers the financial information a valuation has to rest on, then prepares valuation reports setting out the figure and the reasoning behind it.

For insurance valuations, the appraiser works with insurance law, analyses insurance risk and insurance needs, and brings risk management into the report, including the value for which an item should be insured.

Formal requirements differ by country and by the category of property being valued.

European Skills Framework

Skills and knowledge areas required for this occupation based on European classification.

Essential (8)

insurance lawinsurance lawThe law and legislation concerning the policies of transferring risks or losses from one party, the insured, to another, the insurer, in exchange for a periodic payment. This includes the regulation o...risk managementrisk managementThe process of identifying, assessing, and prioritising of all types of risks and where they could come from, such as natural causes, legal changes, or uncertainty in any given context, and the method...compile appraisal reportscompile appraisal reportsCompile full reports of appraisals of properties, businesses, or other goods and services being appraised using all the data gathered during the appraisal and valuation process, such as financial hist...analyse insurance needsanalyse insurance needsGather information about the insurance needs of a client, and give information and advice about all possible insurance options.obtain financial informationobtain financial informationGather information on securities, market conditions, governmental regulations and the financial situation, goals and needs of clients or companies.analyse insurance riskanalyse insurance riskAnalyse the probability and size of the risk that is to be insured, and estimate the value of the insured property of the client.determine resale value of itemsdetermine resale value of itemsExamine items to search for any damages or signs of deterioration and take into account the current demand for used goods of the item's nature in order to set a likely price at which the item can be r...perform market researchperform market researchGather, assess and represent data about target market and customers in order to facilitate strategic development and feasibility studies. Identify market trends.
Optional (11) — show
art-historical valuesart-historical valuesThe historical and artistic values implied in examples of one's branch of art.estimate value of clocksestimate value of clocksEstimate the market value of new or used clocks based on professional judgment and knowledge.estimate value of musical instrumentsestimate value of musical instrumentsIdentify new or second hand musical instruments and estimate the market value of them based on professional judgment and knowledge of musical instruments, or subject them to estimation by a third part...estimate value of used goodsestimate value of used goodsExamine items owned by an individual in order to determine its current price by assessing damage and taking into account the original retail price and the current demand for such items.assess customer credibilityassess customer credibilityCommunicate with customers to assess whether their true intentions are in line with what they claim in order to eliminate any risks from a potential agreement with the customer.research market prices for antiquesresearch market prices for antiquesPerform research to stay informed on the market prices of antique items, in order to set correct prices for antique merchandise.calculate value of gemscalculate value of gemsDetermine appraised value of gemstones such as diamonds and pearls. Study price guides, market fluctuations and grades of rarity.estimate restoration costs of antique itemsestimate restoration costs of antique itemsEstimate the price of the restoration process of antique products taking into consideration the time required for restoration.evaluate art qualityevaluate art qualityCorrectly evaluate the quality of art objects, artefacts, photographs and documents.estimate value of used jewellery and watchesestimate value of used jewellery and watchesAssess used metal (gold, silver) and gems (diamonds, emeralds) based on age and current market rates.organise a damage assessmentorganise a damage assessmentOrganise a damage assessment by indicating an expert to identify and examine the damage, give information and instructions to experts and follow up on the experts, and write a damage report.

Related Occupations

Occupations that need many of the same essential skills, so the move between them is shortest.

property appraiser4 shared essential skillsinsurance risk consultant3 shared essential skillsinsurance broker2 shared essential skillsinsurance collector2 shared essential skillsinsurance rating analyst2 shared essential skillsinsurance underwriter2 shared essential skillsloss adjuster2 shared essential skillsproperty insurance underwriter2 shared essential skills

Frequently asked questions

What does a personal property appraiser do?

Personal property appraisers undertake detailed analysis and investigation of personal items such as books, wine, arts and antiques in order to determine their value for sales and insurance purposes. They assess the value of the items, taking into account the age, current condition, quality and if any repairs are required. Personal property appraisers prepare appraisal reports.

What skills does a personal property appraiser need?

A personal property appraiser needs 8 essential skills, including insurance law, risk management, compile appraisal reports, analyse insurance needs, obtain financial information.

Will AI replace personal property appraiser jobs?

The AI disruption score for personal property appraiser is 49/100 (moderate risk). Skills most exposed to automation: obtain financial information, insurance law, compile appraisal reports. Most resilient: evaluate art quality, estimate restoration costs of antique items, risk management.

Quick Facts

SectorAccountancy
ISCO GroupBusiness and administration associate professionals
Essential Skills8

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