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Passion Assets: A True Love of Collecting

Art Peritus

Like conventional assets such as real estate, stocks, and bonds, passion assets can also serve as collateral for loans, provided their value exceeds the debt plus interest. For example, appraisals for Fair Market Value or Marketable Cash Value guide lenders in structuring asset-backed collateral loans.

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The Importance of Contemporary Art Appraisals

Art Appraisal Resources

Loan Collateral Art collectors or investors who use their contemporary art as collateral for loans may require an appraisal to determine its value as security. The appraiser will conduct an in-person examination of the artwork, inspecting it for physical condition, quality, and any signs of damage or restoration.

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Choosing the Right Appraisal Professionals for Accurate Property Valuation

Prime Appraisals

We'll break down the appraisal process, shed light on the qualities to look for in reliable professionals, and even share tips on making the best selection. In the following sections, we'll explore the qualities that make appraisal professionals reliable and the steps involved in the appraisal process.