New rules and enforcement guidelines may render certain artwork not only illegal to export or import, but also unsalable within the United States. Houston is a very international city and residents have traveled the world, returning with valuable artwork.
Valuing artwork is never an easy task. It gets all the more tricky with antiques composed of protected materials which cannot be legally sold, particularly ivory. How do you value a priceless yet worthless object?
The problem of valuation is not a new one, but it has taken some serious turns as of late. There is a helpful guide to the whole ordeal in a recent WealthManagement article titled “Zero Fair Market Value for Antiques?”