Image-based appearance acquisition algorithms are able to generate realistic 3D models of real objects but have previously not taken care of calibrated color space. We integrate a color managed high-dynamic range imaging technique into a recent appearance acquisition algorithm and generate models in CIE XYZ color space. We compare the final models with spectrophotometric measurements and compute difference images between renderings and ground truth images. Displayed renderings and printouts are compared to the original objects under identical illumination conditions to evaluate and validate the complete appearance reproduction pipeline. Working in CIE XYZ color space allows for expressing the perceivable differences in a standardized measure.