listing your pieces of fine art or collectible
fast & easy
listing your piece of fine art
(or other collectible)
Tangible assets like fine art are physical assets that have a tangible or physical presence and can be measured in monetary terms. They are assets that individuals and companies own and can use to generate income. Here are examples of tangible assets for both companies and private individuals:
It's important to note that the value of tangible assets for both individuals and companies is subject to change based on factors such as market conditions, wear and tear, and technological advancements. Additionally, individuals may not typically use accounting methods like depreciation as companies do for their tangible assets.
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for companies:
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All individual plus: Property, Plant, and Equipment (PP&E): Buildings: Office buildings, manufacturing facilities, or warehouses. Intellectual Property: While intellectual property is generally considered intangible, physical representations like patents, trademark certificates, or copyrighted materials can be tangible assets.
Art and Collectibles: Paintings, sculptures, antiques, and other collectible items. Real Estate: Homes, apartments, or land owned by an individual. Vehicles: Personal cars, motorcycles, boats, or any other form of personal transportation. Jewelry and Valuables: Pieces of jewelry, watches, and other valuable personal items. Precious Metals: Gold, silver, or other precious metals held as investments or in the form of jewelry.
for private individuals
how; the steps
1
description
Describing your piece of fine art or collectible is easy. We need clear pictures, sizes, weights, year of manufacturing, condition description, and its location. Also other details like serial numbers, signatures to determine the uniqueness of your asset.
If you need help with describing, mail us at info@art-dex.org. You also can use the application form underneath to leave things blank. we will be back to you to help out.
2
valuation
Determining the value of your piece of fine art or collectible is a crucial aspect. The methods for valuing your piece of fine art or collectible can be done eg. by:
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Market Value:
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The market value of your piece of fine art or collectible can be estimated by comparing similar pieces with pieces that have recently been sold. Of course when possible..
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Cost Approach:
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This method involves determining the cost of replacing your piece of fine art or collectible with a new one of similar, adjusted for depreciation if applicable.
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Book Value:
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your piece of fine art or collectible on a Company's Balance Sheet: The book value of an asset is its original cost minus accumulated depreciation. However, this might not reflect the current market value.
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Appraisal:
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For certain assets, a professional appraiser may be employed to assess the value based on various factors, including location, condition, and market trends.
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It's essential to note that the most appropriate method depends on the type of asset and the purpose of the valuation. Additionally, combining multiple valuation methods can provide a more comprehensive and accurate estimate of your piece of fine art or collectibles' value. Consulting with financial experts or professionals in the specific asset class is often advisable for precise and reliable valuation.
If you need help with a valuation, mail us at info@art-dex.org. We can arrange an official certified valuation for 1% of the estimated value with a minimum of Euro 15.00 ex VAT.
3
listing price
Again an easy part. However, determining a listing price is a crucial step when listing an asset. The goal is to set a price that is attractive to potential buyers while also reflecting the true value of the asset.
Remember that setting the right listing price is both an art and a science. It involves a balance between maximizing value and attracting potential buyers. Regularly reassess the market conditions and be prepared to adjust the listing price if necessary.
If you need help with determing a share price, mail us at info@art-dex.org. Experience says that a starting value per share around Euro 10.00 is ok; so if your piece of fine art is valued at Euro 500.00 you are ok with 50 shares of Euro 10.00 each. Of course you don't have to sell all shares. The number of shares you like to sell here is called the number of "floated" shares.
4
ownership prove
Proving that you own the asset can only be achieved with ownership paperwork or registration. However, sometimes it is difficult to produce these; think of paintings in your families possession for many years. Contact us if you have problems producing ownership paperwork or registrations.
5
apply
for applying you need to open an (always free) account first. If you already have an account you can proceed with the application form immediately.
you will be forwarded to the FNFTEX
If you need help with the application, mail us at info@art-dex.org. Applying is free of charge. Only when you decide to actual list and your piece of art or collectible is shown on both the FNFTEX and Art-Dex, we will charge you the Euro 75.00 listing fee.