Appraisal Services

Estate Planning and Estate Tax Appraisals

Our comprehensive estate appraisals assist estate planners in establishing a client's assets, facilitate the disposition of estate tax reporting requirements and assist heirs with equitable distribution of property. Estate appraisals are essential in planning for division of property after or before a death in the family, divorce, or the dissolution of a family partnership where the collection is an asset.. Appraisers are in the best position to provide an impartial and objective professional opinion of property valuation to assist with the division process. Our estate appraisals are fully compliant with IRS Valuation Guidelines, the Uniform Standards of Professional Appraisal Practice, and Code of Ethics put forth by the American Society of Appraisers.

Insurance Appraisals

The importance of understanding your assets and how to protect them is essential. We provide accurate, up-to-date appraisals for insurance coverage that determine replacement value and are compliant with your insurance company’s requirements. Should you incur damage or loss to your art, our accurate replacement values will insure complete compensation. We start by taking an inventory of your art collection which includes digital photos of the work and a clear description with analysis of the condition. When it comes time to file a claim, your insurance agent will appreciate a clear and organized inventory.

Charitable Contribution Appraisals

Charitable Contribution appraisals for fair market value are required by the IRS for qualifying non-cash charitable contributions that exceed $5,000 (Source: IRS publications 526 and 561). The artwork must be officially accepted by the institution on or before December 31st to receive a tax deduction for the same year. The IRS defines fair market value as the “price for which the property would change hands between a willing buyer and a willing seller, neither being under a compulsion to buy or sell and both having reasonable knowledge of the relevant facts”.(Source: Treasury Reg. 20.2031-1)

Art Collection Management

Art Collection Management encompasses the process of organizing, documenting, preserving, and overseeing artwork to maintain their value and accessibility. This involves a range of activities, from cataloging and conservation to insurance and exhibition planning. Effective management ensures the longevity and proper care of artwork, whether they are part of a private collection, museum, or corporate holdings.