The act of seeking a valuation service for artistic creations in one’s immediate geographical area is a common practice. For example, an individual inheriting a painting might initiate a search for local experts to determine its fair market value for estate tax purposes.
Obtaining a professional assessment of artwork offers several advantages, including facilitating insurance coverage, informing potential sales decisions, and establishing a documented record of an artwork’s provenance and worth. Historically, these evaluations were often conducted by large auction houses; however, the modern landscape includes a diverse array of independent appraisers and specialized firms.
