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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 IRS Requires a formal written appraisal by a Qualified Art Appraiser for any fine art donated with a value over $5000.

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Why You Need an Appraisal

Penrose Appraisals

Policies vary from insurance company to insurance company, but generally, there are limitations to homeowners' or renters' insurance that are important to keep in mind if you happen to own items of exceptional value. Estate tax liability. For example, in Pennsylvania, the tax is 4.5%