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AUCTION SALEMEYERTON LIVE AUCTION MISCELLANEOUS 52 ME 0308117 Auction Starts: Tuseday 28 March 2017 at 10h00Contact: Jorrie Jordaan | Cell: 072 959 8453 OR Freddie Binneman | Cell: 079 871 6637 Viewing:
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Fine art refers to visual arts that are created primarily for their aesthetic value and intellectual stimulation, while antiques are items that are at least 100 years old and possess value due to their age, beauty, rarity, or historical significance.
Individuals or entities who own fine art or antiques that exceed a certain value, typically set by local regulations or tax authorities, may be required to report these items for valuation and tax purposes.
To fill out fine art and antique forms, gather detailed descriptions, appraisals, photographs, and provenance for each item, and enter this information accurately on the required forms or online platforms as specified by the relevant authorities.
The purpose of fine art and antiques reporting is to establish ownership, assess value for tax purposes, and ensure proper documentation for inheritances, sales, or transfers.
The information that must be reported typically includes the artist's name, title of the work, medium, dimensions, year of creation, provenance, and current market value.
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