Art Appraisal Resources

JULY 13, 2023

An appraisal helps establish the artwork's current market value and ensures that you have the necessary documentation in case of loss, theft, or damage. You should check with your insurance provider to see what is and is not covered by your homeowners or rental insurance policy.

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Appraiser/appraisal Insurance Estate Tax Market Value 130

International Society of Appraisers

MARCH 14, 2025

This quote is in the context of IRS Publication 561, which provides guidance for determining fair market value for charitable donations; therefore, this quote must be understood within that specific context and intended use. Since the client is a publishing firm, their insurance policy is likely different from general homeowners.

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Appraiser/appraisal Market Value Appraisal Reports Hypothetical Condition 52

Drishti LLC Appraisers

APRIL 16, 2021

Whether the appraisal report is for insurance, estate or donation purposes, every report should include good documentation and a detailed description of each item along with the valuation. For insurance purposes, the appraisal report is written for replacement value.

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Appraiser/appraisal Appraisal Reports Market Value Sales Comparison Approach 40

Art Peritus

FEBRUARY 17, 2023

Appraisals are important not only to make certain you are appropriately insured, but it can also help you make smart decisions about charitable donations, gifts to family members or making the decision to sell the work. Every insurance company has a different threshold for the value documentation they would like to see.

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Appraiser/appraisal Insurance Coverage Fine Art 52