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Documentation that provides information about the item's history, previous owners, or any notable events can enhance its value and authenticity. When creating a will or trust, it's crucial to have an accurate assessment of the value of jewelry assets to ensure equitabledistribution among heirs.
Value matters and an art appraisal completed by a qualified art appraiser can save you substantial money by not selling too low, insuring too low, or paying too much in estate tax or equitabledistribution. Appraisals are crucial in the art market, providing essential information about artworks' value, authenticity, and condition.
If you were collecting early American weathervanes, you might pay more for a piece that was green - it is evidence of age and of use, which gives it that authenticity that can be so important. Appraisers are not simply walking around with valuations in their head.
Provenance, the documented history of an artwork’s ownership, is a cornerstone of art appraisal that adds layers of significance to the valuation process. Establishing Authenticity: Provenance serves as a vital tool in authenticating artworks.
Myth 1: Appraisal Equals Authentication One of the prevalent misconceptions is that an appraisal authenticates an artwork. In truth, while appraisers assess the value of an artwork, they do not authenticate its origin. Understanding an artwork’s value aids in insurance coverage, estate planning, and equitabledistribution.
A skilled appraiser carefully studies the history, authenticity, and condition of each item to determine their worth. Whether you need a quick valuation for possible re-sale of your items, or you are looking for a more in-depth assessment for insurance or estate planning purposes, discovering a professional nearby is crucial.
This guide will help you determine if your artwork needs a professional valuation and why it matters. As an appraiser, my role is to provide an unbiased, well-researched valuation tailored to your specific needs, whether for insurance, estate planning, donation, or sale. What Is an Art Appraisal?
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