Remove Appraisal Reports Remove Collateral Remove Rarity
article thumbnail

The Importance of Contemporary Art Appraisals

Art Appraisal Resources

Additionally, when art is donated to a museum or non-profit institution, an appraisal is essential for tax purposes and to comply with IRS regulations. Loan Collateral Art collectors or investors who use their contemporary art as collateral for loans may require an appraisal to determine its value as security.