William M. Novotny ISA AM
Personal Property Appraiser
"When Value is in Doubt - Find Out"

Personal Property Appraiser
Antiques Appraiser
Antiques Appraisal
General personal property appraiser Willian NovotnyAn Expert Personal Property Appraiser and Antiques Appraiser
A personal property appraiser and antiques appraiser must be independent, objective, impartial and unbiased. Appraiser's opinions and conclusions must always, without exception, be competently and ethically developed.

A formal appraisal report is a professional, carefully written signed document that complies with required standards and is suitable for submission to insurance companies, the courts, the Internal Revenue Service and all private clients.

Novotny will provide meaningful and well reasoned opinions of value that are worthy of belief by every client and identified intended user for each appraisal assignment he performs.

All personal property appraisers should comply with the Uniform Standards of Professional Appraisal Practice (USPAP) which establishes the minimum ethical and performance standards necessary to protect public trust in appraisers.

In 2002 Novotny was the first personal property appraiser in the USA to be certified to teach USPAP to personal property appraisers by the Appraisal Foundation (TAF).  He is currently certified as an AQB Certified USPAP Instructor until 2016 at which time he will recertify. The Appraisal Foundation was authorized by Congress in 1987 to be the source of standards for appraisers. The AQB (Appraisers Qualification Board), which is part of TAF, was authorized by Congress  to be the source for appraiser's qualifications.

Call Novotny now at (626) 292-2224 to discuss your valuation problem and determine if Novotny is the right personal property appraiser to solve that problem. He will decline any assignment for which he lacks sufficient knowledge and experience to conclude the assignment competently.

This, my first, website was published in 2005. In December 2015 I developed a new website with a modern attractive format with considerably less narrative that is easier to read and more focused. Click the following link or the above link (Visit New Website) for quick easy reading and access to antiquepropertyappraiser.com

When you retain Novotny as an antiques appraiser to perform a personal property appraisal he will:
•    act competently and ethically,
•    properly identify and understand your valuation problem,
•    determine and perform the scope of work necessary to solve your problem credibly,

•    determine the applicable value definition and research the appropriate market level,
•    solve the appraisal problem posed by you
•    properly report his value opinions, analyses and conclusions in a manner that is meaningful, relevant, complete, appropriate, easily understandable and not misleading,

•    provide a signed USPAP Certification

•    Novotny WILL NOT BUY: Novotny has no interest in purchasing any object you wish to sell. Such interest would be perceived as a conflict.

To the extent necessary William Novotny's appraisal report results will be based on research of comparable sales in a relevant market. His judgment as a personal property appraiser and antiques appraiser is informed by exceptional market experience with most personal property types and based on providing pricing and valuation services full time since 1979 in all relevant markets and market levels.

When relevant William Novotny will disclose a lack of knowledge and experience that prevents him from completing an appraisal assignment competently and credibly. He consults with specialists for many rare and unusual properties as necessary in order to develop credible appraisal opinions.

William Novotny has in-depth knowledge of the theory, methods and standards of appraisal practice. He has published related articles and taught appraisal standards, theory, methods and report writing classes on multiple occasions throughout the USA for many years. Novotny will identify and solve your personal property appraisal problem efficiently, cost effectively and credibly using the best and most relevant reporting option.
Knowledge and Experience

Novotny's thirty-five plus years of experience as a general personal property appraiser and antiques appraiser uniquely prepares him to solve your appraisal problem. This valuation experience entails over 20 years as a full time personal property appraiser and antiques appraiser as well as 20 years of pricing general personal property objects for retail sales at his various antique stores, his exhibits at antique malls and antique shows between 1979 and 1999. During the period in which he was only an antique dealer (1979-1999) he attended weekly and monthly Los Angeles and Southern California estate auctions regularly, usually attending one or more auctions a week.

William Novotny's general personal property appraiser market experience also includes acting as an agent in the orderly liquidation of complete residential contents at onsite estate sales from 1989 to the current date.

Throughout his valuation career he has faithfully embraced daily study of personal property and antique objects and markets. He regularly reviews a wide variety of national auctions reported in the Maine Antique Digest and prices realized at auction and reported on the Internet on eBay and various other databases that document auction sales from hundreds of auction houses over the past 10+ years.

Nearly each day he selects a book from his library regarding a property type and studies it. His daily study since 1979 delved deeply into general furniture, antiques, fine art, all types of Asian objects, decorative art objects, collectibles, glass, porcelain, textiles, books, ephemera, records and most types of ordinary personal property and residential contents. Often he focused on Native American objects which he bought sold and collected for many years. William Novotny is able to identify often overlooked objects that are rare, unusual, highly desired and often misidentified by less experienced appraisers. For the last few years he often focused his daily study on Asian porcelain, lacquer, furniture and other historical objects made on China, Japan and Korea.

William Novotny is qualified and competent to value most types of general antiques, household contents and general personal property credibly.

Types of Personal Property Commonly Encountered and Appraised

    General European Asian and American Historic and some Contemporary Objects
        •    Antiques and Decorative Art Objects
        •    Fine Art, paintings, prints, and sculpture
        •    Furniture, Folk Art and Collectible Objects
        •    Glass, Ceramics, Metals and Lighting Objects
        •    Textiles, Rugs & Carpets, Quilts, Samplers and Couture etc.
        •    Ephemera, Books, Posters
        •    Military, Sporting and Scientific Objects
        •    Far Eastern (Asian) Objects
        •    Native American Objects
        •    Rare Records (33, 45, & 78 RPM), Compact Discs and Musical Objects
        •    Depreciating Residential Contents and Ordinary Household Goods

    Learn more about the property types appraised by Novotny.

    Assignment Types and Intended Uses

    A personal property and antiques appraisal report, whether written or oral, must be credible, meaningful, appropriate, complete and relevant to intended use. Some examples of intended use include:

    Litigation Support
          Expert Witness
          Deposition and Trial (other states
    Antique carved oak mirror

    Moving and Storage Damage/Loss

    IRS Tax Appraisals

    Trust and Probate 

    Equitable Distribution 

    Dissolution of Marriage

    Estate Planning

    Sales Advisory

    Price Your Estate/Yard Sale

    Appraisal Review

    Oral Valuation: Decision Making/Other Intended Uses

    Down-sizing Consultations

    Inventory Documentation

    Complex and Challenging Assignments    

    Learn more about the types of assignments or intended use for an appraisal.

      Report Type: Verbal or Written?

    Some of the assignment types and intended uses listed above, such as insurance, court mandated or IRS Tax Appraisals, would require a formally written appraisal report developed in compliance with USPAP.

    In some cases your personal property objects can be valued by an oral appraisal report at a significantly lower cost than applies to a written appraisal report. An oral appraisal report must also comply with USPAP like all other appraisal services. 
Many objects and household goods can be valued by Novotny at a rate of 50-100+ items per hour without research based upon his past daily study of most property types, and their market, as well as 35 years of active personal property market involvement as a dealer, estate sale agent or personal property appraiser and antiques appraiser. See how to prepare for an inventory and oral report.

    Rare and valuable objects discovered may require significant research. See an example of how Novotny can solve a personal property appraisal problem without a formal written report.

    Many objects have only nominal value. The intended use and needs of intended users would not require costly research. Without research confirmation some oral opinions could be subject to error. Clients must accept this risk since errors cannot be discovered without research. Novotny will decline the valuation of objects for which he lacks confidence without research confirmation. Good judgment is a component of appraiser competence. Many appraisers are not qualified to provide such a service. See Novotny's CV to see Novotny's qualifications and visit About Us to find out more about his general background.

     Unique Challenging Appraisals

    Novotny welcomes inquiries regarding unusual, complex and challenging general antiques and personal property appraisal problems. He will work carefully to determine the most cost effective way to solve your valuation problem. He has carefully developed USPAP compliant reporting options to apply to the presenting valuation problem. He can provide the best and most cost effective reporting option relevant to your specific needs and the needs of intended users that you may identify.

    Novotny recently developed a mass appraisal, statistical solution for large losses of personal property with two discrepant value opinions for the same objects. He developed this statistical approach with the assistance of a statistician to measure and predict a market value shift factor that he identified. The methodology employs selecting a limited random sample which provides for value predictions to the population from which the samples were drawn with a statistically established 95% level of confidence that the values are within 10% of their true value. Such a mass appraisal approach provides significant savings in time and cost.

    In April of 2014 he published two articles in the Journal of Advanced Appraisal Studies relevant to the Market Shift Factor that underlies the statistical mass appraisal approach:

    The Market Shift Factor in Valuation Disputes: A Basis for a Statistical Solution (2014)

    Large Loss Claims – The Market Shift Factor: Justifications for a Statistical Solution (2014)

    Recently Novotny identified and analyzed a different market value shift factor in order to appraise a totally unique, late 1940's, William Spratling prototype silver necklace donated to LACMA and on exhibit there. Spratling was fundamental in founding the  Mexican silversmith center in Taxco in the early 20th century. His silver work incorporated Inca and Mayan iconography and local materials. Taxco ultimately grew to over 600 silver craftsman. It is still the center of the silver jewelry industry in Mexico. Vintage Taxco silver jewelry is now highly collectible, especially unique and exceptional examples by noted silversmiths such as Spratling.

    At the end of WWII the government wanted to establish in Alaska silversmith craft colonies for the Eskimos similar to those that had succeeded in Taxco. The government asked Spratling to develop 200 prototypes and to begin training Eskimo silversmiths. He did as requested. Two hundred silver prototypes were developed by Spratling using only native Alaskan materials. The Alaskan experiment failed, however, to be funded by congress and Spratling's prototypes are now mostly in storage.

    Novotny was challenged to appraise a totally unique, historically significant, eye-catching and very wearable mask prototype necklace made by Spratling of Alaskan silver, baleen and abalone that found it's way onto the marketplace. Could it be compared to a similar, but manufactured necklace by Spratling that is commonly sold in the open market? No. None were comparable since none were protoptypes. No other Spratling prototype could be identified in the marketplace. Novotny asked himself: How would the value shift and how much value could be added by being a prototype? To answer this question Novotny researched another similarly renowned jewelry necklace designer that had also created prototypes which subsequently and recently sold in the open auction market.  Novotny analyzed the other prototype sales and asked: What is the most conservative shift that could apply when you compared the best of the prototypes sold with the best of the comparable manufactured examples sold? The most conservative market value shift estimate that could be applied was a value shift factor of 3 to account for the difference between a "prototype" price realized at auction and the prices realized for other wise comparable manufactured necklaces at auction . The average value of  comparable manufactured necklaces by Spratling was multiplied by three to account for the fact it was a "prototype". By the way this value shift was only 129% higher than the price actually paid by the leading published authority on Spratling when the prototype necklace was purchased from a leading Spratling silver jewelry dealer specialist. Both were very knowledgeable market participants.

    In many litigation support appraisal assignments the personal property is no longer available for inspection. Novotny brings substantial knowledge and experience to appraisal assignments in which he cannot, for many reasons, inspect the subject property. Many of Novotny's expert witness appraisal assignments are of this type. 

In 2008 Novotny published an article in the Journal of Advanced Appraisal Studies entitled "Equivalent Sampling" The Valuation of Loss Claims with Limited Property Descriptions.

    This article offers in depth information regarding the relevant theory, methods and the appraisal requirements that apply to a personal property appraisal in which the property is destroyed, stolen, lost or converted and cannot be inspected. He developed the paper while appraising the personal property of all the plaintiffs from the La Conchita landslide just outside of Santa Barbara that occurred on January 10, 2005.

    Rare and Unusual Objects

    Novotny uses highly experienced and knowledgeable experts as needed. As often as not he has had experience with an equivalent or comparable property type, based on past buying, selling or researching, and has a basic understanding of how it performs in the relevant market. He may not, however, always be able to identify every critical value element for each unique property type. It is an important scope of work decision as to when to consult an expert that has the required knowledge regarding a subject properties characteristics. The appraiser must follow the appraisal process and do whatever is necessary to develop credible assignment results.

    Read a two-part article written by Novotny that explains the appraiser's diligence obligations in the context of USPAP's two essential rules (SCOPE OF WORK RULE and COMPETENCY RULE). Novotny explores the generalists obligations from the point of view of "Which Rule Rules?"  

    Find out more about Novotny's extensive personal property appraisal background and experience. 

    The #1 Reason a Client should Trust an Appraiser: USPAP!

    In 1987 the Appraisal Foundation (TAF) was authorized by Congress to be the source of minimum appraisal standards (USPAP) and appraiser qualifications. Since then each state is required to implement these minimum standards and qualifications whenever an appraiser is licensed. The Uniform Standards of Professional Appraisal Practice (USPAP) is recognized and embraced by Congress, regulators, government agencies, the IRS, the courts and the insurance and banking industry.  USPAP establishes the minimum standards for all appraisers. Compliance with USPAP is necessary to establish a basis for trust between the appraiser and the client. Clients have a reason to invest their trust in the appraiser when the appraiser complies with USPAP while following the appraisal process.

    Demand Credibility. The primary task of the personal property appraiser is to properly understand the client's valuation problem, especially the client's intended use. The final task of the appraiser is to ensure that the valuation report is worthy of belief relevant to intended use. Avoid appraiser Incompetency.

    Novotny is an AQB Certified USPAP Instructor

    The Appraiser Qualifications Board (AQB) USPAP Instructor Certification Program was implemented in February 2002 to certify USPAP Instructors to properly teach the Uniform Standards of Professional Appraisal Practice (USPAP). Since January 1, 2003, only AQB Certified USPAP Instructors have been permitted to teach the National USPAP Courses (15-hour and 7-hour courses) that are required of appraisers. In 2003 Novotny became the first personal property appraiser to be certified as a National AQB USPAP Instructor.  Find out more!

     Appraisal and USPAP Courses Taught Online or Onsite    

    College For Appraisers (CFA):
    New 2016-2017 7-Hour and 15-Hour USPAP onsite courses are, or will be available through CFA for 2016.  The 7-Hour USPAP Update Course (2016-2017) was offered on Sunday, February 28, 2016 and another will be offered again soon. The 15-Hour two-day USPAP Course is also open for registration and
    will be offered on March 18th and 20th, 2016.  Contact CFA (714-952-2727) or Walt Miller (562-930-0895) for further information.

     In the past in Los Angeles 15 Hour USPAP courses were provided on March 8th and 10th 2014 at the Ayer Hotel in Seal Beach CA and July 2015 at the Holiday Inn in Long Beach. In the past 7-Hour USPAP courses were presented on May 10, 2014 and July 2015.

    Novotny's 15 Hour USPAP courses cover all ethical and competency requirements that apply to the development and reporting of appraisal or appraisal review assignments as well as the USPAP requirements that always apply when acting as an appraiser.

    Novotny's 7 Hour USPAP Update course covers all changes that were implemented by the ASB for 2016-201; it also explores many advanced issues that are commonly confronted and often confusing to appraisers.

    In all of his USPAP classes Novotny alway uses many personal property real world scenarios that are based on his extensive experience as an appraiser, antique dealer and estate liquidator.

    The College For Appraisers (CFA) also  presented “Appraising Personal Property: Theory, Methodology and Report Writing - A Fully Integrated USPAP Approach” (4 days) taught by Novotny on February 4, 2014. A newly developed 3-day course was provided on November 21 to 23, 2015. Please contact CFA to be notified of upcoming USPAP and other appraisal and personal property oriented classes.

    Novotny is also preparing a series of "Far East Asian Decorative Arts" one day courses at the request of CFA. These  courses will focus on China, Japan, Korea and other Far Eastern countries. The class will focus on pottery, porcelain and lacquerware, but also cover many other decorative art Asian property types from an historical time line.

     Contact the College For Appraisers (CFA) at (714-952-2727) for further information or to be notified of future course offerings. Find our more!

    Appraisal Course Associates (ACA)

    Novotny also offers online and onsite courses throughout the USA in partnership with David Maloney at Appraisal Course Associates. If you are interested in presenting a 15 Hour USPAP course for your group, or in taking an online USPAP Update course. Enroll now for a USPAP Online Update Course.The popular online USPAP Update course developed by Novotny that covers the 2014-2015 USPAP changes, and that addresses confusing appraisal problems frequently confronted by appraisers is currently available. Please visit the Appraisal Course Associates (ACA) website.

    On August 3rd and 4th of 2011 Novotny taught a personal property 15 Hour National USPAP Course in Lincoln Nebraska at the request of the Professional Association of Appraisers, Quilted Textiles (forty appraisers attended).  Read some comments from these students and from past course participants.

     Beware of Appraiser Negligence and Incompetency

    Personal property and antiques appraisers are not licensed or regulated in California, nor in any other state. Any person can represent that they are an appraisal expert and to have the valuation knowledge possessed by appraisers. Many lack training in appraisal theory, methodology and report writing. Many lack the required knowledge and experience that is necessary to develop and report credible valuation assignment results. Many are unfamiliar with USPAP, which is the minimum standards necessary to support appraiser credibility. Check credentials carefully before hiring an appraiser.

    Accredited membership in a recognized professional personal property appraisal society will establish that an appraiser has met the professional association's minimum experience, training and educational requirements. Professional societies and associations require their members to comply with USPAP and abide by their ethical and report writing standards.  Appraisers without such membership are less likely to understand the appraisal problem and solution and are often ill equipped to provide credible opinions, analyses and conclusions. Novotny has been an accredited member of ANA since 1993 and ISA since 1996. 

    Ask any appraiser you interview whether or not they have successfully completed the 15-Hour USPAP course, passed the required test and always provide a signed USPAP certification when providing a valuation conclusion. Ask about their membership in professional appraisal societies or associations. If the answer is no - proceed cautiously! 

    Novotny will always comply with USPAP, the ANA and ISA Code of Ethics and Professional Conduct, and the ISA Report Writing Standard when acting as an appraiser. In each and every appraisal assignment Novotny has a signed USPAP certification.

    Other Services and Related Websites

    Novotny often provides onsite sales of antiques, household goods or residential contents that includes all types of personal property that require liquidation. When acting in the role of Estate Sale Agent he is no longer acting as an appraiser but uses many of the same skills that are required to property price property for sale.
    Visit Novotny's Antiques, now known as Novotny's Antique Gallery and operated by Shauna Novotny since 2000. It was initially opened by Bill Novotny in 1979. He was a full time antique and general residential contents dealer for 20 years.

    See Novotny's CV
    Contact Novotny NOW!

    Please explore and enjoy the many pages, photographs and related links in this website.  You are free to link to any article, page or section of this website of interest to you and that you would like to share with visitors to your website. Just cut and paste the URL of interest to you into a link that you create on your website. Should you quote or borrow part of a page you should reference "novotnyappraisal.com" to avoid violating my copyright.

    Copyright 2009-2014 - all rights reserved - William M. Novotny