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NEWSLETTER NO. 2 2025
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Welcome to the second quarterly newsletter from Czudej McDonough. This quarter not only brings significant developments for our firm, including new board appointments and professional certifications that enhance our service capabilities, but also quite a bit of interesting valuation-related news and developments that we have highlighted below. |
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OF INTEREST
How much is the Mona Lisa worth? An entertaining, back-of-the envelope valuation of the Mona Lisa. LINK The human expert lives on: AI has increased demand for radiologists instead of decreasing demand. The article also notes that "Predictions that A.I. will steal jobs often underestimate the complexity of the work that people actually do." LINK Artificial unintelligence: Artist David Salle on using AI as a tool. LINK Bull market: On auctioning prize bulls. LINK How VAT works: A good primer on Europe's Value-Added Tax (VAT) system. LINK Know what you're looking at: Great LinkedIn post about a UK valuer being sued for negligence in a jewelry appraisal. The court ruled in favour of the client. LINK Managing the U.S. Federal Art Collection: Challenges in caring for the U.S. Federal art collection in the wake of staffing cuts. LINK New film about Thomas Kinkade: The movie examines Kinkade's life and career and asks if he secretly made "legitimate" art. LINK Pallot forgery trial: The details in this case are delicious. LINK Possible tariff impact on auction results? LinkedIn post that asks if tariffs on French wine contributed to the excellent results at Christie's auction of William Koch's wine cellar. LINK The U.S. Tax Court case of spring 2025: Collector Oscar Tang did not submit a qualified appraisal for his non-cash charitable contribution and it kicked off a years long legal battle with the IRS. LINK Which way is up? An art historical dive into a Franz Kline masterpiece. LINK |
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THE COLLECTION
Rachel Lambert Mellon (1910-2014), better known as Bunny, was a gardener, horticulturist and wife of billionaire philanthropist Paul Mellon. READ MORE |
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BOOKS
The Maverick's Museum: Albert Barnes and His American Dream By John Anderson. LINK Andrew Wyeth at Kuerner Farm: The Eye of the Earth By Thomas Padon. LINK Beyond Adornment: Jewelry and Identity in Art By Marjorie Simon. LINK Prints Catalogue Raisonné Richard Diebenkorn Foundation. LINK Vanessa Bell: Modern Living By Frances Spalding. LINK Inventing the Modern: Untold Stories of the Women Who Shaped The Museum of Modern Art By Cara Manes. LINK |
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OUR NEWS
Tobias Czudej has been appointed to the Board of Directors of the Appraisers Association of America. He will contribute his expertise in fine art valuation, market analysis, and emerging technologies to support the Association's mission of developing and promoting standards of excellence in the appraisal profession. LINK Susan McDonough passed the Appraiser Qualifications Board's (AQB) USPAP Instructor Certification Course and is now a recognised and certified USPAP instructor.LINK |
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The content of this email newsletter is provided for informational purposes only and should not be construed as professional advice, recommendations, or guarantees of any kind. While we strive to ensure accuracy and reliability, Czudej McDonough LLC and its partners make no representations or warranties, express or implied, regarding the completeness, correctness, or applicability of the information contained herein. Any actions taken based on this content are at your own discretion and risk. We disclaim all liability for any loss or damage arising from reliance on the information provided. If you require specific advice, please consult a qualified professional.
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