Playing It Safe With Appraisals
Appraising an artwork is one important step especially
if you are building a collection. Thus, you should
take every precaution there is to appraise your art
correctly. If you are new to this kind of trade, it
can be really hard on your part. The good thing is,
there are resources and appraisal organizations that
can help you comprehend appraisal needs that you have.
Importance Of Appraisal
Not only is having an appraisal important, but also
updating it is crucial, so that your insurance
coverage on specific artworks or collections can be
updated. You are usually obliged to have a current art
appraisal, if your art has insurance claims,
charitable donations, estate tax, is for equitable
distribution or for sale.
There are various kinds of art appraisals, such as
replacement value and current value. However, you
should make sure that you know each and their
differences in order to get appraisals that would fit
your needs. Here are some of the most established
appraisal associations that can help you out with your
artwork appraisal needs.
American Society Of Appraisers (ASA)
This is an organization for appraisal professionals
and other people who may be interested in the
profession of appraising. They have an internat...