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Evaluation to Valuation: Navigating Fine Art Appraisals

Art Appraisal Resources

How do you place value on something as intricate and subjective as fine art? In this post we explore fine art valuation and appraisal, how an appraisal is conducted and the different types of art appraisals. Your appraiser will also use knowledge of recent sales of comparable works to determine the artwork’s value.

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Why Accurate Appraisals Matter in the New Year

Penrose Appraisals

The IRS requires appraisals done by a "qualified appraiser" for items worth $5,000 or more. Below that number, you can do the valuation yourself, but may have greater peace of mind if you hire an appraiser. Appraisals can also simplify probate should that be necessary.

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Estate Tax Planning Strategies for Art Collections

Art Appraisal Resources

In this post, we will discuss the importance of accurately valuing your art collection, the estate tax implications of art collections, and strategies for mitigating estate tax liability. Appraisers also use comparative analysis to provide a basis for estimating the artwork’s potential market value.

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

Artifactual History Appraisal

I’ve written this basic guide as an introduction to the different levels of value so that users of appraisal services will be able to better determine what sort of appraisal reports would best suit their needs. The next level is Fair Market Value.

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The Appraisal Report: What It Includes and Why It Matters

Concept Appraisals

When it comes to appraisal reports, many of people have a tend to fast-forward to the final value estimate, akin to flipping to the end of an intriguing book to uncover the ending. Let’s delve into the fascinating world of the Appraisal Report and its pivotal role in real estate processes.

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How Often Should I Update My Jewelry Appraisals and Why

Buckhead Jewelry Appraisers

Valuation 5. appraiser’s credentials 6. Purpose of the appraisal 7. Signature and date Why Update Jewelry Appraisals I mention all the obvious reasons jewelry owners should get updated jewelry appraisals , and it all comes down to being aware that the monetary value of every jewelry piece you have right now may fluctuate.

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How to Find a Qualified Jewelry Appraiser

Buckhead Jewelry Appraisers

The retail replacement value of your jewelry is higher than its fair market value. You should have a replacement value appraisal every 3 to 5 years to ensure your jewelry has adequate insurance coverage. This type of appraisal is needed in divorce settlements and estate liquidations.