Learn how families can equitably dividing assets with both emotional and monetary values. Read our tips for dividing art & collectibles published in The Journal of Estate & Tax Planning published by the National Association of Estate Planners & Councils.
In an interview for Northern Trust, Wealth Advisor Stacy Singer describes the nuanced and often challenging path to estate resolution when valuable, one-of-a-kind objects are passed down to heirs. She offers her four strategies for navigating wealth transfer involving valuable fine art and collectible objects, which align directly with our holistic approach to collection management. In this post, we drill down the four key elements of this wealth planning strategy for art.
Join host Dave Shuffett, the KET crew and our expert appraisers at the next Kentucky Collectibles Appraisal Fair at the Paducah Convention & Expo Center on Friday, June 23rd and Saturday, June 24th. Fine art appraiser Morgan Rigaud and decorative art appraiser Diane Wachs will be appearing from Bryson to value family heirlooms, flea market finds, original paintings, mystery objects, and whatever walks in the door - all to raise money for Kentucky Educational Television.
Learn how families can equitably dividing assets with both emotional and monetary values. Read our tips for dividing art & collectibles published in The Journal of Estate & Tax Planning published by the National Association of Estate Planners & Councils.
See how your items can be appraised online by our specialists on the smArt Appraisal platform by watching this video to see how it works.
Owning unique, hard-to-value items and not insuring them is like passing up the curtain at a game show. You know something of value may be behind it, but you choose to take your chances on another shiny object. There’s always tomorrow for curtain number two.
Ever wondered why some baseball cards often thought of as a valuable collectible investment - and bring BIG prices at auction - when most others have little, if any, resale value? Learn a general dating system for cards that you can use as a guide to infer age, importance, and rarity - important factors that set real treasures apart from everyday trinkets.
The answer, Pete Rose proves, is either.
To start, a Rose signature is not rare. Since being banned from the game many years ago, he has built a business, Hit King Inc., entirely based around selling signed memorabilia--and limiting the supply to increase the price is not part of the strategy, which appears to work quite well considering he regularly clears $10,000 in a single day.
Rose does live signings on the Las Vegas strip for 15-25 days a month, where he waits at a booth and will briefly meet with fans if they purchase memorabilia and a signature. For an additional fee he will also inscribe custom messages, often being asked to add tongue-in-cheek historical references such as "I'm Sorry I Broke Up the Beatles", a practice that more recently led him to being unintentionally portrayed as supporting certain political candidates.
His website, PeteRose.com, offers books, bobbleheads, jerseys, banners, and photographs, all bearing his "John Hancock" and clearly listed prices. Googling "Pete Rose Autograph" will prompt shopping results from Kohl's, Groupon, and Newegg. You can even purchase a signed "I'm Sorry I Bet on Baseball" ball on from Walmart for a bit over a hundred bucks.
What this means is that it's only slightly harder to find a Pete Rose signed baseball than a regular baseball, and determining the value of commonly signed gear is fairly simple with so much readily available price information.
Andy Warhol's famous print, signed by both him and Pete Rose.
If the signature is on an All-Star game home plate, or an Andy Warhol print, you can expect to see that reflected in the price.
Ultimately, you don't need to be a sports memorabilia guru to assume that Rose's signature, in and of itself, will not demand a hefty price tag. And while it can be assumed the "Hit King" sells plenty of pre-signed gear, much of the buyer's appeal is getting to see and meet the man himself. This may be part of the reason that despite completely saturating the market, the set price for a Rose-signed baseball (typically $60-100) has actually seen an increase over the past decade.
His autograph may be more commodity than rarity, but it is a commodity with a steady and constant demand.
So, does Pete Rose have a valuable signature?
From the perspective of a sports memorabilia collector, not usually.
From the perspective of Rose's accountant?
Understanding the value of tangible property is critical when planning or administering an estate. Morgan Rigaud & Joey Thomas of Bryson Estates join forces with Taft Law attorney Dan Hoffheimer in conversation about the role of the appraiser in the estate settlement process with host Maryanne Zeleznik on Cincinnati Edition.
How important is condition? In determining the value of 20th century furniture and design, condition is one of the most important variables assessed by the appraiser. Keeping important pieces in good condition is crucial to preserving their value. Here’s how you can identify common condition issues that affect the value of mid-century modern furniture.
From still banks to oil paintings, militaria to Barbie Dolls, nearly every type of collectible personal property can suffer from degradation, corrosion, or deterioration caused by these five environmental factors.
How do you know which appraiser will provide you with the report that will be acceptable to your insurance company, your attorney, or your financial advisor? If you are an educated consumer, you will hire a USPAP-compliant appraiser and look to the report they produce and see if it complies with the Elements of a Correctly Prepared Appraisal.
Craquelure is the term we use to describe the visible network of cracks on the surface of a painting or object. This cracking is caused by the shrinking of paint or canvas. Appraisers of fine art recognize the pattern of craquelure on the surface of a painting or object is one of many factors analyzed in the determination of age and authenticity.
It's tax season, and you may have donated valuable tangible property to a University, museum or other qualifying not-for-profit institution in 2012. If you are seeking a tax deduction for donations of tangible property, it's important to keep these four things in mind when preparing your returns.
Remember the slinky gown wore by Marilyn Monroe during the performance of her sexy rendition of the birthday song for President Kennedy? It just sold at Julian's Auction for $4.81M making it the most expensive dress sold at auction.