| Art Services 2000 Ltd. |
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Frequently Asked Questions
Q. I have a work of art that I want to know more about but
I don't want to spend a lot of money to have it appraised.
Can you help me?
A. Art Services 2000 will be happy to review images
and photographs of your work of art for free. If we feel
that it is worth researching and appraising we will give
you an exact quote. If, in our opinion, your artwork does
not warrant the expense of additional research or a formal
appraisal, there is no charge.
Q. I have the task of settling an family estate and need to
know which artworks may have value as opposed to those
that are merely decorative in nature. How do I proceed?
A. Art Services 2000 can review an art inventory list
and can conduct a preliminary on site walk through to
evaluate and identify the most valuable and appraisal
worthy pieces.
Q. Why does anyone need a formal appraisal in the first
place?
A. Appraisals are legal documents written for a specific
purpose and using a specific research methodology.
The three major types of appraisal values are:
Insurance Replacement Value, in case of loss or damage
Fair Market Value, for legal purposes, IRS charitable
donations, wills, estates, trusts, distribution of property,
divorce
and
Market Value, for sale, liquidation, asset management
Q. I have been offered money for paintings and other
items that I have inherited from my grandparents. How can
I know if the amount of money they are offering is fair?
A. Before you decide to sell or donate any works of art or
family heirloom items, it is a very good idea to seek
advice from your accountant or family attorney. You
should also contact a trained professional personal
property appraiser who can provide you with an accurate
valuation of your possessions BEFORE any sale or
donation takes place.
CAUTIONARY NOTE: Please be aware of individuals
who go door to door offering to buy your personal items.
Also we suggest that all requests for donations for
"charity yard sales" or assisted living "gift shop sales" be
avoided without first receiving a professional evaluation
or formal appraisal to determine the actual value of your
artworks.
More Questions and Answers to come.......
I don't want to spend a lot of money to have it appraised.
Can you help me?
A. Art Services 2000 will be happy to review images
and photographs of your work of art for free. If we feel
that it is worth researching and appraising we will give
you an exact quote. If, in our opinion, your artwork does
not warrant the expense of additional research or a formal
appraisal, there is no charge.
Q. I have the task of settling an family estate and need to
know which artworks may have value as opposed to those
that are merely decorative in nature. How do I proceed?
A. Art Services 2000 can review an art inventory list
and can conduct a preliminary on site walk through to
evaluate and identify the most valuable and appraisal
worthy pieces.
Q. Why does anyone need a formal appraisal in the first
place?
A. Appraisals are legal documents written for a specific
purpose and using a specific research methodology.
The three major types of appraisal values are:
Insurance Replacement Value, in case of loss or damage
Fair Market Value, for legal purposes, IRS charitable
donations, wills, estates, trusts, distribution of property,
divorce
and
Market Value, for sale, liquidation, asset management
Q. I have been offered money for paintings and other
items that I have inherited from my grandparents. How can
I know if the amount of money they are offering is fair?
A. Before you decide to sell or donate any works of art or
family heirloom items, it is a very good idea to seek
advice from your accountant or family attorney. You
should also contact a trained professional personal
property appraiser who can provide you with an accurate
valuation of your possessions BEFORE any sale or
donation takes place.
CAUTIONARY NOTE: Please be aware of individuals
who go door to door offering to buy your personal items.
Also we suggest that all requests for donations for
"charity yard sales" or assisted living "gift shop sales" be
avoided without first receiving a professional evaluation
or formal appraisal to determine the actual value of your
artworks.
More Questions and Answers to come.......
Do you have a question about a work of art? We can help. We specialize in addressing our client's fine art questions, unique situations, personal needs, and individual legal requirements with direct and honest answers. |
