What to Know When Donating Art In today’s collecting marketplace, many high net worth individuals (HNWIs) are building large and, in some cases, important art collections. They will often make donations from their collections to museums and other organizations, either as charitable gifts or under a certification as cultural property. The process for this …
Are Your Appraiser’s Credentials Real? Recently, ISA appraisers and their clients have noticed numerous advertisements and promotional material from other personal property appraisers who may have completed a Uniform Standards of Professional Appraisal Practice (USPAP) course and describe themselves as a “USPAP Certified Appraiser.” Others may deem their appraisal reports “USPAP Certified Appraisals.” Both …
I noted a year-end news item last week that will be of interest to those involved with donation appraisals, and familiar with the ongoing battles between the Canada Revenue Agency and those seeking to avoid taxes through various tax-sheltering donation schemes. To date, the CRA has denied more than 5.9 billion dollars in donation …
London Sale Sets World Record for Picasso Ceramics
June 21, 2013: A ceramic vase by Pablo Picasso, which has sold for a new world record price of almost £1 million for ceramics by the artist at a Christie’s sale (photo from Christies). PABLO PICASSO (Spanish, 1881-1973) Large Vase with Veiled Women (Grand Vase …
