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“Tony’s certified appraisals and approach to fine art restoration are always done with true professionalism and the highest standards of the industry.” - Joseph Nolan, Nolan-Rankin Galleries

FRAUD IN ART EVALUATION A CONCERN

 

According to Dr. Antonio Loro, an emeritus member of the Appraisers Association of America, “deception in the value of art remains a concern even though it is not as pervasive now in the Houston area as it was 25 years ago.”

“There have been cases,” Dr. Loro says, “when a business accepted art for collateral and later found it was much lower in value than had been stated.  At that point it was too late.”

 

Dr. Loro, who serves individuals, banks, insurance companies, government agencies, churches, and other clients from the Loro Fine Art studio in Spring, off Aldine-Westfield, says, “in addition to buying and selling a work of art, appraisal is also for situations such as inheritance, divorce, estate evaluation, insurance, and donations.”   

 

He points out that banks, moving and storage companies, galleries, auction houses, insurance companies, and individuals are among those requesting appraisals.

 

Since art can be over or under valued, the first step is an initial appraisal that is conducted by an accredited, ethical professional.  

 

An appraisal reflects the estimated market value of the item and is a valuation based upon visual examination of the subject’s surface.  It is not a positive authentication which cannot be accomplished without scientific tests utilizing equipment and procedures.  However a recommendation can be made as to whether or not the art is worthy of official appraisal.

 

Positive authentication cannot be accomplished without scientific tests utilizing specific equipment and procedures.  

 

Appraisals are facilitated with several important pieces of information.  This could include the purpose of the appraisal such as insurance or donation; the nature of the work such as painting on canvas, paper, or wood; and details about the art such as the artist and date of the work.  This information would include the provenance (the financial and physical history) of the item.

 

Additional information on appraisals can be obtained by contacting Dr. Loro at antonioloro34@gmail.com

 

Dr. Loro has been a visiting professor of art at the University of Arizona at Tempe.  He subsequently founded and directed art schools in the U.S. and the Caribbean.  Initially located near The Woodlands, he was in Houston’s museum district for twenty two years until taking time out for some rest and a double knee replacement.

 

Dr. Loro is considered one of the country’s leading and most reputable art restorers, conservators, and appraisers.  He serves individuals, banks, insurance companies, government agencies, churches, and other clients.