Do you know what the Fair Market Value of art is?

Many have an idea of what Fair Market Value (FMV) refers to but it’s not as concrete as it sounds.  The IRS has defined FMV as “… the price that property would sell for on the open market. It is the price that would be agreed on between a willing buyer and a...

Gilman Paper Company Collection

Written by Jennifer Stoots In March 2005 the Metropolitan Museum of Art was fortunate enough to have acquired the Gilman Paper Company Photography Collection, elevating the Museum’s collection of 19th Century photography to the status of enviable.  The Met has...

Authorship

Written by Jennifer Stoots The Copyright Act of 1976 states that “All works created on or after January 1, 1978, are protected by statutory copyright from the time of creation in fixed tangible form, regardless of registration or publication with copyright...

Good Intentions

Written by Jennifer Stoots In 1986 Herbert Alexlrod, a collector of stringed instruments who had made his fortune as a publisher of pet-care books, loaned four (4) Stradivarius instruments to the National Museum of American History.  The “Axelrod Quartet,”...