Why get an appraisal?
Valuation of Fine and Decorative Art – brochure prepared by The Appraisal Foundation (TAF) that describes the appraisal process and the important elements that must be included in a credible appraisal report. TAF sets the USPAP standards and qualifications for the appraisal profession.
The Specialized Art of the Appraisal. New York Times article about the importance of “keeping tabs on how much the collection is worth.”
Pricing the Priceless – Valuing Irreplaceable Works of Art. Article from an insurance industry news source, Property Casualty 360.
Soaring Fine Art Values Demand More Frequent Appraisals. Article by Kathleen Tierney, COO, Chubb Personal Insurance.
Douglas Sandberg, (415) 846-3268 – knowledgeable, expert art photographer for print, catalogs, books. Much experience with artists, museums, galleries, Sotheby’s and private collections. He is also an accomplished producer of documentaries and video inventories.
Art Restoration, Repair and Conservation:
James Bernstein, 415-415-1658 – paintings and mixed media
Dennis Calabi, 707-781-7070 – painting conservator
Chris Kenney, 831-464-1418 – paintings, polychrome objects & antique gilded frames
Pauline Mohr, 510-333-7316 – painting conservator
Patricia O’Regan, 510-527-7027- painting conservator
Elizabeth Stafford, 408-442-2073 – paintings & paper conservator
Gawain Weaver, 415-446-9138 – fine art photography specialist
Karen Zukor, Zukor Art Conservation, 510-652-7915 – works on paper
What collectors need to know if contemporary art by a living artist is damaged – A Chubb insurance guide.
Estate Tax & Charitable Contributions:
**Note: the below information covers tax year 2017. I will post updated publications reflecting the new tax provisions once they are produced by the IRS.**
How Not to Lose a Charitable Deduction. Article in Wealth Management Magazine by Laura H. Peebles, Tax Director at Deloitte & Touche, LLP.
The Art of Donating Art: The Charitable Contribution of Art, Antiques and Collectibles. Guidelines and valuable advice by lawyer Joy Gibney Berus, an art law specialist.
Charitable Contribution Checklist – American Society of Appraisers outline checklist for donors, museums and appraisers.
Using Family Entities for Planning with Artwork. Article discussing options for management of artwork in an estate in Trusts & Estates wealth management journal.
Non-Cash Charitable Contributions Guidelines – IRS Publication 526 (updated 3/12/19). This publication explains how to claim a deduction for charitable contributions. It discusses organizations qualified to receive them, the types of contributions you can deduct, how much you can deduct, what records to keep, and how to report them.
Noncash Charitable Contributions – IRS Form 8283. This form must be filed when the noncash charitable contribution deduction for all noncash gifts is more than $500. Here are the IRS instructions for completing the form.
Determining the Value of Donated Property – IRS Publication 561. This publication is designed to help determine the value of property (other than cash) that is given to qualified organizations. It also explains what kind of information you must have to support the charitable contribution deduction you claim on your return.
Estate Tax Guidelines – IRS. These comprehensive guidelines include the IRS definition of Fair Market Value.
IRS Form 706. This form must be filed by executors to calculate estate taxes if the gross estate plus the adjusted taxable gifts exceeds the current basic IRS exclusion of $5.25 million.
Art Collectors’ Guides:
AXA ART – a wealth of information on caring for and managing your collection.
Chubb Collectors – topics of interest to collectors, and special tips on protecting your valuables.
Connecting to Collections – comprehensive information under the “RESOURCES” tab about the care and conservation of your art objects.
International Foundation for Art Research (IFAR). Offers information on authenticity, ownership, theft and ethical issues concerning art.