Art Appraisal Resources

AUGUST 29, 2023

In this post we explore fine art valuation and appraisal, how an appraisal is conducted and the different types of art appraisals. You will be provided with a comprehensive report including a description of the work, the valuation method used and the final appraised value. You can read more about estate tax appraisals here.

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Art Appraisal Resources

JULY 13, 2023

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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Penrose Appraisals

JANUARY 6, 2024

Estate tax liability. State and federal taxes are a complicated subject and you should always be guided by your accountant or tax advisor. But in determining the tax owed, an appraisal may be required in order to value all of the belongings of the estate. For example, in Pennsylvania, the tax is 4.5%

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