This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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 estatetax or equitabledistribution. Art appraisals serve various purposes and are essential in determining artworks' value, authenticity, and condition.
When applicable, sales and/or import tax, commissions and/or premiums are included in this amount.” ( Appraising Art: The Definitive Guide to Appraising the Fine and Decorative Arts , 2013, Appraisers Association of America, page 438.) Sales tax is not included in the calculation of fair market value, although Bidder A may have had to pay it!
Estatetax 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%
In this situation, a collection is likely to fall under the control of an executor who may choose to liquidate the collection altogether to allow for an equitabledistribution of assets. Globally, that amounts to more than $3 trillion in privately held assets, nearly all of which have a value determined solely by market conditions.
In this situation, a collection is likely to fall under the control of an executor who may choose to liquidate the collection altogether to allow for an equitabledistribution of assets. Globally, that amounts to more than $3 trillion in privately held assets, nearly all of which have a value determined solely by market conditions.
Today, with over 180 members, the ADAA has expanded its appraisal services from donation to also include estatetax, gift tax, and insurance. Fair Market Value is used when a collector is settling an estate, needing equitabledistribution, or making a charitable donation.
An art appraisal is a professional assessment of an artworks value based on factors such as the artist, condition, provenance, and current market trends. As an appraiser, my role is to provide an unbiased, well-researched valuation tailored to your specific needs, whether for insurance, estate planning, donation, or sale.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content