Valuing non-cash assets, such as art, jewelry or collectibles can be complex. Determining Fair Market Value, a price at which the property would change hands between a willing buyer and willing seller when neither is forced and with both having reasonable knowledge of relevant facts is crucial for tax planning and compliance, especially in the context of charitable donation. Private individuals who often donate major gifts of art or collectibles to reduce their taxable income need a proper appraisal to determine the Fair Market Value to meet their objectives. Big Boss Brain provides accurate, comprehensive, defensible, USPAP and IRS compliant appraisals for these generous gifts ensuring that the necessary information for tax reporting is provided to all parties who require it and that DAF organizers can also confidently accept and manage those art assets.

We furnish Fair Market Value or Marketable Cash Value appraisals to facilitate discussions concerning asset division in divorce proceedings and equitable distribution among heirs and beneficiaries during estate planning or settlement. When the sale of tangible assets from the collection is required the Big Boss Brain team is well versed at orchestrating the liquidation process through our well established industry relationships.

Art and collectibles can be a noteworthy component of a diverse investment portfolio, offering potential as collateral for loans. In these instances, an accurate appraisal for the Fair Market Value or Marketable Cash Value becomes essential, guiding lenders in structuring art-backed collateral loans. As an expert resource in the industry, Big Boss Brain is uniquely positioned to provide thorough appraisals and impartial guidance that allow banks and wealth advisors to recommend suitable diversification strategies, ensuring that appropriate loan-to-value ratios are maintained.

We offer our clients reviews of previous appraisals in order to assess validity, accuracy, and adherence to the most current standard USPAP and IRS guidelines for legal, insurance, and tax purposes.

When the truth is your greatest asset, Big Boss Brain appraisers may be called to serve as expert witnesses. With market knowledge that is respected and recognized industry-wide, our specialists bring extensive expertise to diverse legal contexts, including divorce proceedings, family disputes, bankruptcy, and insurance litigation cases. Adept in deposition, testimony, expert preparation, and report creation, we work closely with clients and their legal counsel. The testimony of our specialists can be instrumental in court, offering a professional and objective perspective that substantiates the value of art assets presented in a court of law.

Although not a distinct type of appraisal, but rather a consideration within the methodology used to determine value, Blockage Discount is a noteworthy factor to highlight and one that may be considered during the appraisal process. Blockage Discount refers to a reduction in the appraised value of a large quantity or a significant portion of an artist’s work being valued at the same time. In situations where there is a high volume of similar pieces, we advise on a careful dispersion of property and consider both collective and individual values in our appraisal reports.