Many art professionals perform valuation services for their clients. However, when it comes to complex appraisal needs such as IRS tax functions (e.g.: donation) or fine art insurance scheduling it is important that a “qualified appraiser” provides a “qualified appraisal report”. In fact, the IRS requires qualified appraisals and, increasingly, insurance carriers do too. So what does “qualified” mean?

Many art professionals perform valuation services for their clients. However, when it comes to complex appraisal needs such as IRS tax functions (e.g.: donation) or fine art insurance scheduling it is important that a “qualified appraiser” provides a “qualified appraisal report”. In fact, the IRS requires qualified appraisals and, increasingly, insurance carriers do too. So what does “qualified” mean?