Pfaudler Lecture Series - Your Fine-Art Purchase: Is It a Fortune or a Fake?

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Roslyn Bakst Goldman, AAA Certified Appraiser and Past-President of the Appraisers Association of America

In recent years astonishing sales have tumbled out of auction houses like Christie's and Sotheby's. Art values and the quantity of works sold has continued to grow. The art market posts record-high prices and a higher global turnover of art. Some collectors think the boom will go on and on, but it can't, and it won't. Recent changes in the marketplace, the insurance industry, and the IRS all are going to impact the art market. The emergence of stolen art also will play a role. What can consumers do to protect their works of art? Ms. Goldman will cover the method necessary for executing an art appraisal, the qualifications of an appraiser, the reason for doing the work, the information needed for accuracy, the necessary research, and how it is done. She'll also explain what is required from the client, what appears in the final document in a valid report, and what the cost is.