Collectibles Estate Tax Market Value 
Art Appraisal Resources
AUGUST 29, 2023
Estate tax planning is crucial for individuals to manage and minimize the tax implications of transferring their wealth and assets to future generations. Effective estate tax planning not only ensures the preservation of wealth for beneficiaries but also contributes to their overall financial security and long-term goals.
Art Appraisal Resources
AUGUST 29, 2023
Fair Market Value Appraisal One of the most common types of appraisals, a fair market value appraisal determines the price a willing buyer and willing seller would agree upon in an open market, assuming neither is under duress to buy or sell. Estate Appraisal Estate appraisals are crucial for estate tax purposes.
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Fine Art Estates
JANUARY 7, 2022
General Questions about Appraisals and Appraisers PART ONE: Keeping Gifts to Museums Tax Deductible In 1962, the IRS was about to remove the income tax deductibility of artworks that were donated to museums because of inappropriate appraisal overvaluation. Many of these sites have been collecting data since the late 1980’s.
Gemology Resources
MARCH 27, 2023
Appraisals can be done for the purpose of insurance, estate planning, and protection, or simply to gain a better understanding of the market value of the item. To get an accurate value for estate planning or tax purposes Fair Market Value is used for estate purpose appraisals.
Art Peritus
DECEMBER 31, 2023
From passion assets to planned giving does estate planning affect the growth and development of a collection? The Art of Collecting A variety of factors drive collectors to collect. As collectors build their collections, they inevitably discover more about the items they are seeking, and their interests deepen and evolve.
Art Peritus
DECEMBER 31, 2023
From passion assets to planned giving does estate planning affect the growth and development of a collection? The Art of Collecting A variety of factors drive collectors to collect. As collectors build their collections, they inevitably discover more about the items they are seeking, and their interests deepen and evolve.
Art Peritus
OCTOBER 6, 2022
In the article, the consensus from Sara McDaniel with Morgan Stanley seems to be that children may not want to take on their parents’ art collections due to differences in taste. Sara recommends the best option for art collectors is to sell a collection before passing, or gift it to an institution.
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