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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. In this article, we will explore the key indicators that suggest you may need an art appraisal.
Some of the most common questions advisors hear from clients about their fineart and collectibles are, “Does my homeowner’s insurance provide coverage for my artwork? A typical homeowner’s insurance policy affords you a little bit of coverage. Do I need a special rider?”
Create a disaster response checklist that includes: A list of priority artworks Instructions for emergency packing and transport Contact information for art conservators, insurers, and professional art handlers Safe evacuation routes and storage locations 2. Email, call or click HERE to see how we can assist. ###
Often people look at these considerations in regards to financial investments, such as stocks and bonds, however, the same criteria apply to fineart investments. In some instances, fineart outperforms traditional financial market investments. Fees vary between auction houses, and there is no set industry standard.
As a personal property appraiser, my role encompasses tangible property including fineart, antiques, furniture, and collectibles. Reasons of valuations for tangible property can include estate and probate purposes, equitable distribution, insurance coverage, charitable donations, dissolution of marriage, and bankruptcy.
The workshop included presentations by trust attorneys, insurance agents, curators of private collections, and family office managers. I found it very informative and particularly appreciated the discussion of new tax changes and their implications for users of appraisal services.
Some Insider Tips The time to think about properly protecting fineart is before a loss occurs. Here are some tips to keep in mind when considering how to best safeguard your fineart. Know Your Insurance PolicyYou may have severely. Continue Reading The post Is Your Art Collection Protected?
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 insuringFineArt. It’s also important to use a professional appraiser, like the staff at Art Peritus. K: Yes indeed.
Contributed by Nikita Werner on behalf of Guardian FineArt Services. This can be related to monetary, or insurance replacement value, as well as educational, or functional value. I can pack and ship the piece myself; do I still need a fineart services company?
One can either procure off site storage at a bonded fineart storage facility, or make space at home by assessing the dimensional space the art will take up that is currently resting and building rack spaces that are designed to safely accommodate it, taking into account your future needs.
Three Insurance Experts Explain the Intricacies of Insuring Your Art Collection I am often asked by clients if they should cover their art under their homeowner’s insurance (HO) or if they should investigate insuring their art with a separate fineart collectors’ policy.
Whether you need a quick valuation for possible re-sale of your items, or you are looking for a more in-depth assessment for insurance or estate planning purposes, discovering a professional nearby is crucial. Reasons to Seek and Antique Appraisal There are various reasons that someone might need or want an appraisal: Insurance coverage.
Art Peritus has been growing and evolving for close to twenty years based on the strength and quality of the appraisal, consulting, and art crisis management services we provide. So much so, that understanding the Golden Ratio is a fundamental element of understanding fineart, design, and art appreciation.
Art Peritus has been growing and evolving for close to twenty years based on the strength and quality of the appraisal, consulting, and art crisis management services we provide. So much so, that understanding the Golden Ratio is a fundamental element of understanding fineart, design, and art appreciation.
Being able to see photographs emailed to me ahead of time by a client can reduce the client’s total project cost, alert me of the need to consult specialized reference books or outside experts, and help me assess whether the client even needs an appraisal report at all. FINEART: A.
In my current role as a FineArt and Collections Specialist at Chubb, I am deeply engaged in safeguarding collector clients' assets, ensuring both physical preservation and accurate valuation for insurance purposes.
When it comes to assessing the value of your artwork, a professional art appraisal can be an invaluable tool. Whether you’re considering selling a piece, insuring your collection, or simply curious about its worth, proper preparation ensures a smooth and accurate appraisal process. Here’s a guide to help you get ready: 1.
We subcontract to over 50 specialists to do appraisals and reviews, so have valuable expertise in all areas of collecting from design and art to jewelry and wine. We are also well known for the damage and loss appraisal work we perform for insurance claims. Since soot is so corrosive, most things affected by it need conservation.
If your insurance provider has asked you to get your artwork professionally appraised, or you need it evaluated for some other reason, How Do I Get My Art Appraised will help you find a qualified appraiser, fully understand all aspects of the appraisal process, and prepare you for what a professional fineart appraisal is likely to cost.
Ela | ASA, FineArts, MBA | President | Comprehensive Art Services, LLC Patrick Ela, ASA is the President of Comprehensive Art Services, LLC, and has 20 years of experience in valuing fineart. He public artconsultant. Randy Hyde | Business Owner/Consultant | Renaissance Rug Cleaning Inc.
We also provide appraisals for insurance replacement, damage claim settlement, estate division and Trust matters, divorce and court-ordered equitable distribution, tax-deductible charitable donations, determination of federal estate & gift tax liability, asset liquidation, and expert witness testimony.
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. Many insurance companies require a professional valuation to determine an appropriate coverage amount.
This iconic venue in the heart of Manhattan will host leading art dealers, presenting an extraordinary selection of masterpieces spanning 7,000 yearsfrom timeless antiquities and exquisite jewelry to museum-quality fineart and cutting-edge design.
Joined by fineart specialist Reagan Upshaw, the discussion will highlight the importance of provable, USPAP-compliant market analyses that are clear to readersincluding the IRS, attorneys, and insurance adjustersand, more importantly, can withstand scrutiny in a court of law if necessary.
This month’s Hidden Gems feature some world-class museums that should be on every art lover’s radar when exploring our capitol—and thanks to your federal tax dollars, there’s no entry fee! The National Gallery of Art The National Gallery of Art is truly a national treasure.
The morning session was attended by 39 people and featured four in-depth 30-minute presentations that covered various topics, including contracting essentials, legal entity setup, business insurance, and taxation. Caseys presentation broke down insurance essentials alongside various types of insurance T Block offers.
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