ART APPRAISAL
Estate & Tax Planning Appraisals
Well-supported Fair Market Value appraisals for estate administration, tax reporting, trusts, and succession planning. Prepared for executors, trustees, fiduciaries, and their tax and legal advisors.
Prepared for executors, trustees, fiduciaries, and their tax and legal advisors.
Angel Otero Ornamental Winds 2017
When an estate appraisal is needed
• Estate administration and tax reporting
• Trust and fiduciary reporting
• Equitable distribution among beneficiaries
• Date-specific valuation of artworks and collections
• Estate and succession planning
• Planning for the disposition of a collection
How Fair Market Value is determined
Fair Market Value is developed as of the assignment's effective date from relevant public and private market evidence. Analysis considers comparable property, quality, condition, provenance, exhibition history, rarity, demand, liquidity, and marketability. For collections, market absorption and blockage may also be considered when appropriate to the assignment.
What the report includes
• Stated intended use, effective date, and value definition
• Complete artwork descriptions
• Photographic documentation
• Provenance, exhibition history, and condition information, when available
• Public and private market analysis
• Relevant comparable sales
• Analysis of how comparable property relates to the Subject Property
• Market absorption or blockage analysis, when applicable
• Supported Fair Market Value conclusions
• A clearly organized, illustrated appraisal report
Independent expertise
AAA Accredited Member | USPAP-compliant practice since 1997 | Post-War and Contemporary Art
Discuss an estate appraisal
Tell us about the artwork or collection, the effective valuation date, the intended use, and your timing.