Art Appraisals for
Wealth Management
The 2017 Deloitte Art and Finance report has some compelling survey findings that indicate 71% of passion assets are not included in wealth management. Art is a large field within these passion assets. Issues surrounding this finding from a wealth management perspective include:
- Value lost when the collection goes to market.
- Legitimate tax mitigation strategies are not employed.
- The collections are not monetized for wealth building.
- May not be protected by insurance.
- Key financial decisions are based on unqualified or non-objective valuations.
- Family feud.
Fine art collections may represent a significant portion of your clients’ assets. This is a potential opportunity for you to bring those assets into the picture and assist them in managing potential wealth that may have been overlooked.
As a member of the International Society of Appraisers our appraisals are in compliance with current USPAP standards, and comply with IRS requirements.
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If you know which kind of appraisal you need, fill out an intake form for one of the following:
How To Understand Value In Art
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USPAP COMPLIANT APPRAISAL REPORTS
All our written reports conform with the most stringent industry standards and are fully compliant with the Appraisal Foundation's Uniform Standards of Professional Appraisal Practice (USPAP), as well as the requirements and standards of the International Society of Appraisers (ISA).
These standards regulate appraisal methodology, report development, and ethical conduct. Reports written to these standards are the highest in the industry, and are accepted by the IRS, insurance companies, museums and financial institutions.
