|Demystifying the Deaccession and Appraisal of Household Contents, Session 5-4|
Demystifying the Deaccession and Appraisal of Household Contents, Session 5-4Kate Elizabeth Molets
Demystifying the Deaccession and Appraisal of Household Contents When are valuable objects considered appreciating assets? How does the expanding global art market affect the value of fine art, antiques, wine, silver, jewelry and other collectibles owned by Americans? What factors influence the value of objects? During the past several years, fine art and collectible markets have been in a continuous state of evolution expanding into new countries and to new purchasers across the globe. Due to the increased number of international buyers, tastes and desires have broadened. As a result, the value of fine art, jewelry and collectibles have fluctuated tremendously over the past decade due to changes in consumer demand. Many personal collectors remain unaware of the value changes and as a result, are unable to properly organize, plan and make decisions around the objects in their home This presentation will educate the wealth community on the state of the art and collectible markets. The wealth community will also develop an understanding of the importance of planning for and insuring a client's valuable tangible assets. The major themes of the course include: • Determining when valuable objects are considered assets • Understanding how value is determined and the appraisal process • Todays current market and trends • Outlets for deaccession • Asset management systems • Downsizing pitfalls • The decorator dilemma • Storage and maintenance of collectibles and fine art
Kate Elizabeth Molets
An experienced appraiser, Kate Molets, is responsible for assisting major private clients with their collections of fine art and overseeing the firm's southeast region. Ms. Molets graduated from Ursinus College with a B.A. in English and Art History and received her Masters degree from Sotheby's Institute of Art in London. She previously worked at Samuel T. Freeman & Company as an appraiser and photography specialist. As a senior appraiser at Pall Mall and specializing in Photography and American paintings, Kate has spoken to many local and national groups as well as being a certified CE instructor. Kate is USPAP compliant and holds a certificate for Appraisal of Fine and Decorative Arts from NYU.