Art

Why You Would Need an Art Appraiser

art1.PNGAlmost everyone tends to have some art in his or her house or her office. Once in a while, you will have some African art from Liberia, Nigeria, Ethiopia, Cameroon, Ghana, Congo, or any other part of the world. You may have heard of tribal art auction and may need to know how they are auctioned. In a case where you own a piece of art in your house, you would need to know about appraisal services. You need art appraisal services in a case where you need inheritance tax, charitable contribution, sale, estate contribution or any other issue that may push you to give your insurance company a certified document from an accredited appraiser. You would need to make sure that the art in question is valued at a specific amount, confirmed of a particular date, described in detail, examined, as well as specified that you own that particular art as at a specific date. In such a case, you would be sure that you will receive reimbursement appropriately just in case the piece of art got lost in future.

You would need to make sure that there is a legal document that accurately describes your art and also verifies the art authenticity. In such a case you would be sure that the appraiser has clarified on the issue of the value of the art in question. It would also be essential to deal with an accredited appraiser who can differentiate between the replacement value, fair market value and commercial cash value. Your appraiser should also be in a position to intelligently determine the value of your art as well as the research method he or she used to determine the value of the art in question. As a matter of facts, artwork appraisal takes research, documentation, and calculations as nuts and bolts in valuing of some artwork.

While people in the past took the beauty and the value of sculptures and paintings to be in the eyes of the beholders, an art appraiser comes in to invalidate that notion and attach the real value to the art in question. The art appraiser comes in to make sure that he or she accurately translate the genuine appreciation of the art in question. The art appraiser also ensures that he or she can defend the value of the art in question before internal revenue service investigator, a court of law as well as the lawyer representing a dissenting view. See more at https://en.wikipedia.org/wiki/Art_valuation.

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