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 […]
A Conversation with Michael Darling, Co-Founder, Museum ExchangeAs the valuation partner of Museum Exchange, the first digital art platform for art donations, Appraisal Bureau specializes in the appraisals necessary for philanthropic giving and art collection legacy planning. We’ve highlighted key components of best practices, filing for a tax deduction, and sat down with Michael Darling, Co-Founder […]
Crypto-currencies, Blockchain, and Non-Fungible Tokens (NFTs) accelerated their adoption during the CoVid-19 Pandemic. These technological developments are poised to play a larger role in the world and by extension the trust and estate planning space, over the next few years. Having a basic understanding of the technologies involved, management-related assets, and the overall implications for […]