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The appraisal report is a crucial document used for various purposes, such as insurance, taxation, sale, or donation, and is often required to be conducted by a certified appraiser to ensure its credibility. Insurance, Damage and Loss Appraisals Insurance appraisals establish the value of artwork for insurance purposes.
For insurance replacement purposes, appraisers should consider where the client typically shops, which, in most cases, falls under the retail market. Publication 561 includes four ways to determine FMV: cost of the donated property; selling price of the donated property; sales of comparable properties; replacement value.
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 Fine Art. I’ve seen martini glasses placed on a Donald Judd sculpture by unaware party guests. These types of valuations are not accepted.
By the age of 14, he was apprenticed to a glass factory at Newcastle-on-Tyne where his father hoped he would learn the trade of glass-cutter. While working at the glass factory, Brown studied nights at the School of Design in Newcastle. Robert Harrison 3/28/23 1 “Jobs in a 19 th Century Glass Factory”, Corning Museum of Glass.
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