Why do you need to have extra insurance coverage for fine art & jewelry?
Friday, April 19, 2024 in News, Fine Art, Gems & Jewelry, For Consumers
Spring is a good time to take inventory while you do your spring cleaning. One question you should ask yourself is “am I properly insured if something catastrophic happens?”
View MoreWhen appraising fine art prints, especially those from the same edition, it is common to encounter a wide range of asking prices across different retail galleries. This variability can create confusion when determining which price to use for insurance appraisals. The key lies in two important considerations: the condition of the client’s print and the venue the client shops.
A common but important question is: Where should an appraiser sign their report? While it may seem like a small detail, signing the report correctly is essential for compliance with both USPAP and ISA Appraisal Report Writing Standards.
Question: Is it possible to produce a Restricted Appraisal Report for multiple parties and still remain USPAP compliant?
Question: Item #36 on the 2021 ISA checklist says that I need to include a "statement as to how IRS Form 8283 is being handled, if the form is needed. How do I do this?
