Nitesh Shrivastava
Founder: A2Z VALUERS
Founder: 100+ Domains
Consultant, Art Advisor
Independent Art Appraiser
Appraiser L & B, Jewelry Appraiser
info@a2zvaluers.com
9999992343, 8800371371
Nitesh Shrivastava (Government Approved Valuer)/A2Z VALUERS associated with qualified/experienced & trend Valuers /Charted Accountants, surveyors & other technical persons in addition to his permanent staff works PAN India, having a base at Delhi. Results-oriented, Sole Proprietor of A2Z Valuers, leading independently numerous roles on all the Platforms Pertaining to A2Z Group with extensive experience in VALUATIONS, CONSULTATION, IT development, Energy, Real Estate, Law, Tax & Finance, ICT, Education, Agriculture, Business consulting, Procurement, Immigration, Import/ Export.
Having an immersive experience of strategic planning, developing new revenue sources, P&L, new product development, customer service management, customer interaction engagement, quality control, and managing MIS, IT and non-IT surveys, all forms of Valuation, contract negotiations, Tender finalization, asset management, business operations, etc.
Experienced in products solutions and global business, Client relationships, Pre-sales / Bid Management, Alliances & Partnerships, Business Analysis, Development, Support & maintenance, Human resources, Mentoring, and organizational transformations making firms more agile and profitable. Lean / Six Sigma (GB & BB, Certified), Masters of Valuation, International Business Operations, Business consulting operations, Team Development, Project Management, IT landscape mapping and control Change Management, Risk assessment, Policymaking and control, Policy implementation, Finalizing Vertical as well as Horizontal foreign investments, Competent in Greenfield investments as well as in Brownfield investments, Complete SDLC engagement, and control, Budget forecasting, success matrix estimation, Functional directive control, having deep engagement and EXPOSURE with Govt. / Non-Government Entities, public sector / private sector bodies, companies, financial institutions, investigative agencies; so on and so forth.
Nitesh as an independent art appraiser feels that Art valuation is a part of financial valuation that deals with the estimation of the fair market value of works of art. According to him the practice of art valuation combines the techniques of financial valuation with subjective views on the cultural value and significance of a particular artwork. Art valuation is a sophisticated branch of financial valuation since it requires a high level of expertise in valuation methods, as well as deep knowledge of the art world. Nitesh has valued various arts, paintings, artifacts, and the pieces related to art used for different purposes, including investments in works of art, tax planning, and insurance. Nitesh feels that valuation of artwork is a perfect example of why financial valuation is both an art and a science.
Nitesh as an independent art appraiser (based on his expertise in this field of art by National and International Institutes like Sotheby’s, Christies, National Museum etc.) has been associated with various groups and has been appointed as an appraiser for valuing the art work for private clients the list of which is long. On the basis of his expertise in the subject of Art Valuation, he has been appointed by the GST Department, Income Tax Department including other government departments to assess various art works during numerous raids conducted PAN India, which includes assessment of thousands of paintings worth crores of Rupees, valuable artifacts of and many other art works. Nitesh has been contacted as a private art appraiser by various government / non-government departments / individuals / private clients / companies / museums etc to assess their art pieces.
Nowadays, the industry of art valuation is booming. A growing number of investors are turning to artworks as an investment option. Hence Nitesh is being contacted by independent clients. Works of art provide investors with lucrative returns because art pieces can significantly appreciate over time. However, investing in artworks is remarkably risky because the chances of profitability are relatively small but the probability of losing money is high.
Similar to traditional assets, the valuation of works of art may be driven by numerous factors. Nitesh as an independent art appraiser carefully assesses all catalysts that can drive up the fair value of an art asset. The following variables are the primary factors influencing the valuation of artworks, which he considers during any art assessment:
1. Demand The current demand in the market is a key driver of an artwork’s value. The demand is usually derived based on the demand for similar artworks. However, the identification of comparable can be problematic due to the unique nature of the artwork.
2. Liquidity Artworks are highly illiquid assets. An artwork can become liquid only if there is a high demand for it in the market. Therefore, Nitesh as an art consultant / valuer always considers the liquidity risk associated with art investments.
3. Activity of the art dealers The price of artwork- may change due to the activities of art dealers. The dealers often enter into contracts with artists. It is common that art dealers may decide to acquire the works of artists at an auction, which subsequently affects the price of the artwork.
4. Market data Nitesh as a private art appraiser use market research data provided by various companies to integrate the information into the valuation analysis. The research data reveals the sales volumes of auctions and relevant price levels. The market www.a2zvaluers.com www.niteshshrivastava.com data is provided by auction houses and companies specializing in market research.
Nitesh has been appointed as an independent art appraiser to conduct / assess the value of Art works for various purposes being:
➢ Insurance
➢ Insurance Claims
➢ Divorce
➢ Estate planning
➢ Estate distribution
➢ Estate taxes
➢ Buying and Collecting
➢ Investment purposes
➢ Selling
➢ Donations
➢ Bankruptcy and Liquidations
➢ Court cases
➢ Gifting purposes
➢ Court cases
If artwork requires repair, knowing the value will assist in the decision making of whether the restoration is worthwhile or if it is beyond economic repair. Nitesh is often asked if he is able to provide valuations for insurance purposes where his clients have little knowledge about their artwork and don’t have a suitable level of insurance.
Nitesh, as a private art appraiser advise clients that insurance companies may need a professional appraisal and more in-depth market information to determine value and level of cover required. The services of an accredited art valuer (Nitesh Shrivastava) will provide the most comprehensive report and valuation services for a client, including the level of scrutiny often required from an insurance company.
Nitesh as a private art valuer visits the property to create either a full valuation with a detailed inventory of each piece in the collection or a walk-through validation, with overall values for each category of items. Such reports provide necessary up-to-date valuations to ensure contents are neither under or overinsured. He also takes into consideration the general condition of the piece, including any damage and potential buyer interest if the work was to be sold.
Our clients are often concerned about whether the cost of restoration will be more than what the value of the painting is worth or if restoration will affect the value and sale price of the artwork.
Many paintings, including Old Masters, are likely to have had a form of restoration at some point but have still sold well. Whether the value of an artwork will be affected can largely be attributed to the scale of the work required and quality of the restoration. In some cases, it may not be possible to completely restore an artwork. This is more likely to be the case for a contemporary painting, depending on the materials and styles used. For example, a thinly painted sky in a single block colour may show where a tear has been repaired.
There are treatments that can stabilise and lessen the visual impact of damage. As long as this does not materially affect and alter the original work, it can be restored without decreasing the value. For high-profile restorations, the publicity can generate huge interest and significantly increase value.
Nitesh thinks that for clients thinking of selling items from their collection, it is worth noting that the valuation is an estimate only and the sale figure achieved may be less than estimated. Sometimes this is purely due to what a buyer is prepared to pay and other times it can be influenced by market trends.
The frequency of gaining valuations is another important consideration for art collectors, particularly for contemporary artwork. Nitesh’s valuations reports are considered priceless by his clients. Art collectors should take the time to consider obtaining a comprehensive valuation report. Valuations can be vital sources of legitimacy and provenance for art collectors, as well as being practical guides for insurance companies.
Nitesh as an independent private art valuer is associated with art curators, art conservationists, museums, art galleries etc.