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As a personal property appraiser, my role encompasses tangible property including fineart, antiques, furniture, and collectibles. Reasons of valuations for tangible property can include estate and probate purposes, equitable distribution, insurance coverage, charitabledonations, dissolution of marriage, and bankruptcy.
Art possesses a unique power to inspire, provoke thought, and shape cultural narratives. When individuals choose to share their art collections through charitabledonations, a profound impact is felt not only within the art community but also in the broader sphere of philanthropy.
You do not need a formal written appraisal to sell most fineart. Still, if you have something of value, you will benefit from an impartial assessment of fair market value so that you do not sell something too low to donate something of high value you did not intend to.
Art Peritus recently sat down with Katja Zigerlig, Vice President, Art, Wine and Collectibles Advisory at Berkley One, a Berkley Company (WRB) to discuss the nuances of collecting and insuring FineArt. And I use the word investment broadly – an investment of time, money, space and intention.
If you prefer in-person assessments, and are located in the greater Northwest Pennsylvania area (Cleveland to Erie to Buffalo and down to Pittsburgh), Penrose Appraisals can also provide tailored appraisal services, especially for significant occasions like insurance, charitabledonations, or equitable distribution. Specialization.
If your insurance provider has asked you to get your artwork professionally appraised, or you need it evaluated for some other reason, How Do I Get My Art Appraised will help you find a qualified appraiser, fully understand all aspects of the appraisal process, and prepare you for what a professional fineart appraisal is likely to cost.
Ela | ASA, FineArts, MBA | President | Comprehensive Art Services, LLC Patrick Ela, ASA is the President of Comprehensive Art Services, LLC, and has 20 years of experience in valuing fineart. He public artconsultant. Randy Hyde | Business Owner/Consultant | Renaissance Rug Cleaning Inc.
We also provide appraisals for insurance replacement, damage claim settlement, estate division and Trust matters, divorce and court-ordered equitable distribution, tax-deductible charitabledonations, determination of federal estate & gift tax liability, asset liquidation, and expert witness testimony.
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