We recommend updating valuations on works of art every year, at a minimum. The art market moves quickly, and you don’t want to be caught with an outdated understanding of what your collection is worth. Appraisal Bureau keeps a close eye on each season’s auction results, the constant stream of new gallery exhibitions, and broader […]
Although it might seem counterintuitive, the first step in valuing a work of art is establishing a purpose for that value. There are important differences between Fair Market Value and Retail Replacement Value, for example, and you want to make sure that you are using the correct type of valuation.Fair Market Value is defined as […]
Appraisal Bureau valued hundreds of artworks for charitable donations last year, facilitated by our partner Museum Exchange. The generosity of our clients has positively impacted and culturally enriched numerous communities. The donated artworks are now part of the permanent collections of museums, hospitals, and universities across the country. Museum Exchange is the first digital platform for art donations. As pioneers […]
Appraisal Bureau was recently retained by a major international law firm to value Fine Art jointly owned by a couple seeking division of assets in divorce proceedings. The collection of more than 500 artworks, holding significant material value, was originally appraised by a major auction house. The judge presiding over the case requested the mid range […]
When fine art is donated to museums, everyone wins. Museums acquire new artwork, the donor receives a tax deduction, and the artist benefits from the prestigious institutional destination of the work (also a safe haven from the art markets). The US is privileged to have this system that has helped build the collections of many […]
by Caroline Taylor, Founder & CEO, Appraisal BureauThe field of independent appraising exists to provide a neutral and unbiased opinion of value. The use cases include insurance, collateral loan, charitable donation (IRS income tax deduction) – the appraisal is the basis for the underlying financial liability or obligation. Qualified Appraisers adhere to the ethics and […]