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Why Get a Diamond Appraisal for Your Engagement Ring

GIA 4Cs

Fair market value, on the other hand, is an estimate of what the used item would bring on the open market in a sale between a willing buyer and seller. An appraisal is not a sales receipt, which is a written acknowledgment that you have taken possession of a product (in this case a diamond) in exchange for money. ct center stone, 0.81

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Collection Brief // Info and Insight on Art of Collecting

Art Peritus

Gustave Caillebotte: Painting His World, on view at the Art Institute of Chicago 29 June until 5 October AUCTIONS Keep your eye out for the Exceptional sales and No Reserve sales that happen in July! Subscribe by visiting our website artperitus.com. See you next issue!

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A quartet of key art market players join forces to form ‘super group’ consultancy

The Art Newspaper

L-R: Brett Gorvy, Philip Hoffman, Ed Dolman, Patti Wong, Alex Dolman Courtesy of Emilio Madrid Four of the art market’s leading figures have joined forces to establish a new consultancy firm to manage top-level clients and their collections through what they say are unprecedented shifts in the trade.

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What does a so-called ‘buyer’s market’ look like at Art Basel?

The Art Newspaper

Now is the time to buy—it is the best time I have ever seen,” says Philip Hoffman, the founder of the Fine Art Group consultants. While the quality of offerings at Art Basel this year is very good, sales are slow and expectations are modest. Deals will close, but at 20-30% below the asking price.” Bourgeois spider to a huge $2.5m

Sculpture 161
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Commercial goes pastoral: the draw of showing art in the open air

The Art Newspaper

Sales of large-scale sculpture by internationally known names such as Elisabeth Frink and Laurence Edwards are also the bread and butter of Messums West, although “on a day-to-day basis, the price point is much lower,” Messum says. You lose some of the urgency for sales here, but you can be a place where things happen first,” he adds.

Drawings 182
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Final sale from Ricky Jay’s peerless collection staged at Potter & Potter August 17

Auction Central News

An author, a magician, a lecturer, a scholar, a performer, and a consultant on films ranging from The Natural to The Prestige, he […] The post Final sale from Ricky Jay’s peerless collection staged at Potter & Potter August 17 appeared first on Auction Central News.

Sale 97
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Estate Tax Planning Strategies for Art Collections

Art Appraisal Resources

Art is also often considered a non-liquid asset, meaning its value is tied up in the artwork itself and might require the sale of the art to generate cash to pay estate taxes. It is important to consult with both legal and tax professionals when implementing estate tax planning strategies involving art.