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In gathering information to write this post, I was shocked to discover that anyone can legally present themselves as a personal property appraiser. There is no governmental license, proof of knowledge, or certification required to appraise personal property.
With the arrival of colder temps and shorter days, we can't help but realize that the year will soon be drawing to a close. And for many, the end of the year often means thoughts of charitable giving. As you may have read elsewhere on the website, the IRS has many rules when it comes to the charitabledonation tax credit. (As
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B: Should updated appraisals be a resolution for collectors? K: Certainly, especially if they haven’t had an updated appraisal in 5 years and/or they are collecting in a genre or an artist in which there has been a lot of market fluctuation, such as women Abstract Expressionists, contemporary Black artists, just to name a few general areas.
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