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How To Determine If You Need An Art Appraisal

Art Appraisal Resources

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 equitable distribution. The appraisal establishes the artwork's fair market value, which is crucial for claiming deductions on charitable donations.

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What You Need to Know When Hiring a Personal Property Appraiser

Anubis Appraisal and Estate Services

Reasons of valuations for tangible property can include estate and probate purposes, equitable distribution, insurance coverage, charitable donations, dissolution of marriage, and bankruptcy. This is the most basic part of the process which includes assessing and documenting the item(s).

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The Importance of Appraising Your Parent’s Estate, Even If You Are the Sole Heir

Harrison Appraisals

Even if you are familiar with the items and believe you have a good understanding of their worth, a professional appraisal ensures an accurate and documented valuation. This valuation is crucial for various legal and financial purposes, including estate administration, taxes, equitable distribution, and potential future transactions.

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How Do I Get My Art Appraised?

Fine Art Estates

But there are other reasons as well, such as settlement of an estate, donating a piece or collection to an institution, equitable distribution in a divorce, or wanting to know an accurate market value before selling a work. I then ask for any and all documentation they have regarding the art and or whole collection.