Appraising an artwork is one important step especially if you are building a collection. Thus, you should take every precaution there is to appraise your art correctly. If you are new to this kind of trade, it can be really hard on your part. The good thing is, there are resources and appraisal organizations that can help you comprehend appraisal needs that you have.
Importance Of Appraisal
Not only is having an appraisal important, but also updating it is crucial, so that your insurance coverage on specific artworks or collections can be updated. You are usually obliged to have a current art appraisal, if your art has insurance claims, charitable donations, estate tax, is for equitable distribution or for sale.
There are various kinds of art appraisals, such as replacement value and current value. However, you should make sure that you know each and their differences in order to get appraisals that would fit your needs. Here are some of the most established appraisal associations that can help you out with your artwork appraisal needs.
American Society Of Appraisers (ASA)
This is an organization for appraisal professionals and other people...
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