article thumbnail

Why Accurate Appraisals Matter in the New Year

Penrose Appraisals

Whether it is dividiing an estate, buying insurance, making non-cash charitable contribiutions or one of many other scenarios, an appraiser can help you and your family to make better decisions. Start Tax Season Right Appraisals are crucial for valuing charitable donations. Read on for more about how appraisals can help.

article thumbnail

Evaluation to Valuation: Navigating Fine Art Appraisals

Art Appraisal Resources

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.

article thumbnail

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. Insurance Purposes: Artwork can be a valuable asset, and it is essential to ensure that it is adequately insured.

article thumbnail

Charitable Donations of Art: A Few Important Rules to Know

Art Advisor's Blog

The appraisal can be done at any time after the donation is accepted up until the filing of your taxes for the year. If the appraiser is called first, the appraisal for charitable donation is only valid for six weeks prior to a donation being made. Page 2- “Instructions of Form 8283”).

article thumbnail

9 Reasons Why Should You Hire an ISA Personal Property Appraiser

International Society of Appraisers

There are numerous reasons to seek a professional appraisal, including planning insurance coverage, charitable donations, probate of an estate, or simply determining the value of your tangible assets. 1/31/2024 12:00:00 AM Hiring an ISA personal property appraiser provides many benefits.

article thumbnail

Should I Have My Antiques Appraised for Insurance Purposes?

Harrison Appraisals

It’s crucial to have an accurate understanding of their replacement cost, especially when it comes to insurance purposes. In this blog entry, we’ll discuss whether a person should get their antiques appraised for insurance purposes.

article thumbnail

Missing Fine Art: Portrait of Dr. Gachet by Vincent Van Gogh

ValuePros Appraisal Services

The post Missing Fine Art: Portrait of Dr. Gachet by Vincent Van Gogh appeared first on ValuePros Appraisal Services.