Remove Estate Tax Remove Insurance Remove Market Value
article thumbnail

Evaluation to Valuation: Navigating Fine Art Appraisals

Art Appraisal Resources

You will be provided with a comprehensive report including a description of the work, the valuation method used and the final appraised value. Insurance, Damage and Loss Appraisals Insurance appraisals establish the value of artwork for insurance purposes. You can read more about estate tax appraisals here.

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. Appraisals can also assist in establishing provenance, which can significantly impact the value of the artwork.

article thumbnail

A Question of Value: Reasons to Appraise Your Jewelry

Gemology Resources

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 insure your jewelry Having your jewelry appraised is essential if you plan to insure it. What exactly is Fair Market Value?

article thumbnail

A Question of Value: Reasons to Appraise Your Jewelry

Gemology Resources

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 insure your jewelry Having your jewelry appraised is essential if you plan to insure it. What exactly is Fair Market Value?

article thumbnail

Do You Need An Appraiser for Probate?

Harrison Appraisals

However, in order to determine the fair market value of those assets and comply with your state’s inheritance and estate tax requirements, it is recommended that you obtain an appraisal from a qualified and accredited appraiser.

article thumbnail

Understanding the Different Levels of Value: It’s Worth What Where and When?

Artifactual History Appraisal

Without those other two data points of 1) market level and 2) point in time (which is commonly referred to as the “effective date,” meaning the date the appraised value is effective for), any number that is thrown around as a value is essentially meaningless. The next level down of value is Actual Cash Value.

article thumbnail

How Do I Get My Art Appraised?

Fine Art Estates

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 fine art appraisal is likely to cost.