What must an antique artwork appraisal document?
Enough for another appraiser to follow the reasoning: attribution, title, date, medium, dimensions, signatures and marks, plus condition evidence including damage, restoration, and high-resolution front and back photographs. Provenance, gallery labels, invoices, and catalogue raisonne references are material because they confirm authenticity and market acceptance.
Does an appraisal for insurance differ from one for an estate?
Yes. Insurance scheduling uses retail replacement value while estates and equitable distribution use fair market value, and marketable cash value nets out selling costs. The report must define its value standard explicitly, because the same painting carries different numbers under each.
When is artwork valued for an Arkansas divorce?
Generally at the time of the hearing. Arkansas is an equitable-distribution state, and its courts tie valuation to the evidence presented when property is divided, with discretion to pick another date where fairness requires it.
How does Arkansas value artwork with no local market?
By statute, at the price the assessor believes it could bring at that time and place. A.C.A. §26-26-1202(c)(2) covers personal property with no well-fixed local value, and the law rejects forced-sale and auction prices as the criterion of true value, so distressed results do not set the standard. Only up to 20% of the resulting market value becomes assessed value.
Where do I turn if the county overvalues my art?
To the assessor first, then the Board of Equalization. Arkansas practice is to raise valuation disputes informally with the county assessor and, if unresolved, appeal to the local Board of Equalization with supporting evidence. A documented independent appraisal showing comparable sales is exactly the evidence that process is designed to weigh.