Please tune in to the latest episode of The Legal Canvas, a podcast on the intersection of estate planning, taxes, and the creative arts, hosted by Caryn B. Keppler of Offit Kurman. In this episode, I joined Caryn as the guest to discuss how appraisers determine the value of works of art, whether for tax purposes, insurance, estate planning, or otherwise. The conversation also explores the complexities of valuing large collections and the role of art advisors in buying and selling works of art.

In this episode, you’ll learn about:

1. The differences between appraisals for various purposes and why the type of value matters.

2. Why provenance, condition, and comparable sales are key factors in a valuation.

3. How art advisors help collectors navigate auctions and maximize sale opportunities.

4. Why artists should cultivate relationships and exhibition opportunities in multiple markets.

5. How blockage discounts can affect the valuation of large artist estates.