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The Art of Appraisals: Understanding their Vital Role in Insurance

Art Appraisal Resources

Whether you're a collector, an art enthusiast, or an artist, knowing the worth of your artworks is crucial. Because in the subjective world of art, establishing value is essential, especially when it comes to protecting your investments. In this post we explore art appraisals' critical role in the context of insurance.

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The Importance of Contemporary Art Appraisals

Art Appraisal Resources

Art Acquisitions Art collectors, museums, galleries, and private individuals interested in purchasing contemporary Paintings, Sculpture, Photography, or Fine Art Prints might seek an appraisal to ensure they make an informed investment.

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Evaluation to Valuation: Navigating Fine Art Appraisals

Art Appraisal Resources

How a Fine Art Appraisal is Conducted A fine art appraisal conducted by a certified appraiser starts with a thorough inspection of the artwork. The appraiser will assess its condition, size, materials and overall condition. It is helpful if you are working with an appraiser who is well versed in the style of work.

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Estate Tax Planning Strategies for Art Collections

Art Appraisal Resources

An appraiser will start by documenting all information about the art piece or collection including its artist, title, date of creation, history of ownership, and publication history. Appraisers also use comparative analysis to provide a basis for estimating the artwork’s potential 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. The problem is, of course, how will you know that happened unless you have it appraised?

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What Kind of Appraisal?

Drishti LLC Appraisers

SAFEGUARDING YOUR COLLECTION A full appraisal report can be shared with specified entities, such as an insurance company, a lawyer or legal firm, accountant or anyone specified in the contract. It is the type of appraisal report we most commonly provide for our clients. It is for your information only.