Remove Age Remove Estate Tax Remove Market Value
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Evaluation to Valuation: Navigating Fine Art Appraisals

Art Appraisal Resources

Fair Market Value Appraisal One of the most common types of appraisals, a fair market value appraisal determines the price a willing buyer and willing seller would agree upon in an open market, assuming neither is under duress to buy or sell. Estate Appraisal Estate appraisals are crucial for estate tax purposes.

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Understanding the Different Levels of Value: It’s Worth What Where and When?

Artifactual History Appraisal

When applicable, sales and/or import tax, commissions and/or premiums are included in this amount.” ( Appraising Art: The Definitive Guide to Appraising the Fine and Decorative Arts , 2013, Appraisers Association of America, page 438.) The next level down of value is Actual Cash Value. The next level is Fair Market Value.

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How Do I Get My Art Appraised?

Fine Art Estates

They proposed to the IRS that this new organization, made up of many the most knowledgeable and respected art dealers around the country, could help to establish consistent standards for evaluating the fair market value of artworks. Please discuss how the values for the different types of appraisals may differ and why?

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The Great Wealth Transfer: Trust & Estate Appraisals

Art Peritus

One recent example of an Art Peritus Project included appraising an Estate from a High Net Worth collector with over 15,000 objects purchased from all over the world. The art and collectibles ranged in age from antiquity to the 20th Century. The works were valued any where from $5 to $5 million USD.