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Date: | Tue, 3 Apr 2007 09:57:34 -0700 |
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With my appraiser hat on...... I was taught in an appraisal fine art
specialty course that indeed WPA art created by artists hired and paid by
the Fed Govn't was in fact Govn't property. Property without proper title
has no market value. If you don't own it, you can't transfer the ownership
bundle of rights to a second party. This is as complicated as trying to
sell endangered species and other contraband material. No sale value.
Insurance is a different matter. If the WPA created (not just era) art is
held by an authority with legal right to hold it (govn't museum, city
hall....) then it can be valued. The valuation is tricky since finding
recent comparable sales of murals that usually can't be sold legally.......
(i often wonder why i chose this profession) is tough. The fall-back
position is to look at the artist and what they produced in their privately
created body of work. You research those sales figures and perform some
magic to transfer that market data to mural size.
Large murals that can't be moved bring up the whole issue of "value in
place." I assume there are unattached.
Sara Conklin, ISA CAPP
Certified Appraiser of Personal Property
Ph: 800-464-4208
email: [log in to unmask]
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