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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 estatetax or equitable distribution. Insurance Purposes: Artwork can be a valuable asset, and it is essential to ensure that it is adequately insured.
An appraised value for insurance may be significantly higher than an appraised value for planned future sale, which can be baffling and difficult to comprehend without a familiarity with the different levels of the market. Salestax is not included in the calculation of fair market value, although Bidder A may have had to pay it!
Hire a Professional Hiring a professional liquidation agent can help you maximize your profits if you plan to have an estatesale. However, it’s essential to research before hiring an estatesales agent. Never Throw Anything Away Remember that what you might consider trash could be a treasure to someone else.
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