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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Art Appraisal Resources
JULY 13, 2023
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. On the other hand, buyers can benefit from an assessment to ensure they pay a fair price for the artwork's value.
Artifactual History Appraisal
SEPTEMBER 17, 2019
Most people selling items on the secondary market who aren’t professional dealers or without access to the assistance of professional dealers will find it difficult to obtain retail prices in a sale, and can more realistically expect future sale prices to be closer to the Fair Market Value and Liquidation Value levels of the market.
JSK Fine Art Appraisals
NOVEMBER 5, 2023
Enhancing Market Value: A strong provenance often contributes to an artwork’s market value. It helps heirs and beneficiaries understand the significance and value of inherited artworks. The Impact on Appraisal Accuracy: Provenance significantly influences the accuracy of art appraisals.
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
Inheriting a valuable collection is simply not the same as assembling it yourself, and minus the passion for the collection, its value defaults to its appraised market value. This is why it is so essential for collectors to engage in estate planning as early as possible. However, there are limitations to this process.
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