In the Art Market

Now more then ever, valuation is a complex endeavor.

, New York Law Journal

Beverly Schreiber Jacoby, president of independent consulting and appraisal company BSJ Fine Art, writes: Until recently, art ownership was generally regarded as a passion or a pastime. For those who looked at art as an investment, if only a passive one, the collection may now be summoned to active duty. More than ever, it is vital to understand the value of art, but the quest to ascertain value is a complex endeavor. With information at the fingertips of anyone with a computer, distinguishing the relevant from the irrelevant is as much related to expertise as it is to facts. The critical issue for attorneys is how the decisions clients make will be affected by value and vice versa.

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