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Featured Service Provider: Michelle J. Angerman and Associates
Michelle J. Angerman and Associates, Inc. is a Fine & Decorative Arts Appraisal and Advisory Firm located in Los Angeles, specializing in Modern, Post-War and Contemporary Fine Art.
Michelle J. Angerman and Associates, Inc. has advised clients on fine art ranging from 17th century Rembrandt prints to contemporary works by Andy Warhol, Vik Muniz, Adolph Gottlieb and Elizabeth Murray. The firm provides clients with services that include: bidding for clients at auction, traveling to examine and finalize a purchase, as well as negotiating for our clients. Purchasing mistakes can often be avoided when clients seek advisory services from a qualified professional. Michelle has uncovered fakes in clients’ collections that could have been prevented had an art advisor been involved in the transaction.
In addition to providing our clients with advisory services, the firm conducts appraisals for insurance and IRS purposes. Michelle Angerman is an Accredited Member of the International Society of Appraisers and a Member of the Appraisers Association of America. Currently the art market is booming, setting record prices with each passing sale. The market has not experienced this kind of explosive state since the late 1980s, when prices for fine art peaked. Insurance companies are increasingly demanding formal appraisals forfine art more than five years past its purchase price. In some cases, a certified appraisal is required even for initial coverage, particularly when the art to be insured is of high value.
Due to the frenzied state of the art market, the IRS has also implemented policy changes for tax appraisals. The Pension Protection Act of 2006 states that appraisals submitted to the IRS for tax purposes must be completed by a “qualified appraiser,” which they define as “one who has earned an appraisal designation from a recognized appraisal organization or has met minimum education and experience requirements…”
For more information about the appraisal process, new IRS regulations and the criteria for choosing a qualified appraiser, visit www.angermanartappraisals.com .