Art Peritus
JUNE 22, 2025
As an avid collector and wearer of vintage couture, I’ve personally experienced firsthand the magnetism of these timeless treasures—and as an appraiser, I’ve seen how important it is to accurately understand their value for estate tax, insurance coverage, and equitable distribution.
Art Appraisal Resources
AUGUST 29, 2023
The appraiser will assess its condition, size, materials and overall condition. Estate Appraisal Estate appraisals are crucial for estate tax purposes. Accurate estate appraisals help with estate planning and tax obligations. You can read more about estate tax appraisals here.
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Art Appraisal Resources
JULY 13, 2023
Value matters and an art appraisal completed by a qualified art appraiser can save you substantial money by not selling too low, insuring too low, or paying too much in estate tax or equitable distribution. Appraisals are crucial in the art market, providing essential information about artworks' value, authenticity, and condition.
Penrose Appraisals
JANUARY 6, 2024
Estate tax liability. State and federal taxes are a complicated subject and you should always be guided by your accountant or tax advisor. But in determining the tax owed, an appraisal may be required in order to value all of the belongings of the estate. For example, in Pennsylvania, the tax is 4.5%
Art Peritus
DECEMBER 31, 2023
Further, sales of tangible assets will be subject to capital gains taxes at a rate of 28% , whereas items bequeathed directly to heirs will not trigger estate taxes (unless they turn around and sell them). Selling a collection at auction in the interests of expediency could very well minimize the exit value of many objects.
Art Peritus
DECEMBER 31, 2023
Further, sales of tangible assets will be subject to capital gains taxes at a rate of 28% , whereas items bequeathed directly to heirs will not trigger estate taxes (unless they turn around and sell them). Selling a collection at auction in the interests of expediency could very well minimize the exit value of many objects.
Artifactual History Appraisal
SEPTEMBER 17, 2019
When applicable, sales and/or import tax, commissions and/or premiums are included in this amount.” ( Appraising Art: The Definitive Guide to Appraising the Fine and Decorative Arts , 2013, Appraisers Association of America, page 438.) The next level is Fair Market Value.
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