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Kimball Higgs

Director, Art Advisory

Kimball brings over 20 years of broad experience across the art world to Winston Art Group, where, as Director of Art Advisory, he specializes in Modern and Contemporary art, as well as Books and Manuscripts. He is responsible for assisting the firm’s major private clients with their collections of fine art. Previously, he was Senior Vice President at an appraisal firm in New York City, and prior to that worked for Gagosian Gallery, as well as in the Books and Prints departments at Sotheby’s New York. He started his career as a rare book expert at the Grolier Club in New York, where he worked with major books and manuscript collections. Kimball is on the board of the International Print Center New York, and a member of the Grolier Club. He is USPAP compliant and passed his Appraiser’s Association of America certification exam in Contemporary Art.

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Estate Tax & Estate Planning:
Winston Art Group’s appraisal will serve as the first step in decision-making as it pertains to equitable division of property among heirs and beneficiaries.
Insurance Appraisals:
In the event of loss or damage, Winston Art Group’s appraisal will provide the retail replacement values of any work of art for clients, brokers, and insurance companies.
Damage or Loss:
To determine whether a work merits conservation, restoration, or sale, Winston Art Group’s informed and unbiased appraisal will identify damage or loss to property and assist in settling claims and disputes.
Family Division:
For the division of assets following divorce or dissolution, Winston Art Group’s professional team will determine value and identify appropriate resale markets for all tangible assets.
Donation:
For the proper valuation and documentation of all charitable gifts over $5,000, a Winston appraisal will serve as the first step in the donation process.
Art as Collateral:
Winston Art Group will determine the value of all fine art objects if and when the decision to monetize works is made.
Primary Market:
A market created by either the maker or agent of the maker when an object is sold for the first time.
Secondary Market:
A venue for sale of an object between a seller and a buyer, neither of whom had participated in the creation or initial sale of the object.
Comparative Market Data Approach:
The most commonly applied approach when appraising personal property, in which appraised value is based upon past prices for similar works by the same artist or artisan, or similar works by another artist or artisan of equal standing and related reputation.
Retail Replacement Value:
The amount it would cost to replace an item with one of similar and like quality, purchased in the most appropriate marketplace in a limited amount of time.
Salvage:
A valuation term implying abandonment by the rightful owner in which the recoverant may be entitled to a pre‐agreed percentage of any net price realized in a future sale.
Fair Market Value (FMV):
The price that property would sell for on the open market between a willing buyer and a willing seller, with neither being required to act, and both having reasonable knowledge of the relevant facts. If you put a restriction on the use of property you donate, the FMV must reflect that restriction.
USPAP:
Procedure and guidelines for correctly prepared appraisals established by the Appraisal Foundation.