How does technology help your physical assets like art collections?
For some, collecting art is a passion; for others it’s an investment or a combination of the two. Still others inherit their artwork and see it as a sentimental treasure or a physical asset they can’t wait to sell. However you came upon your artwork or what you plan to do with it. Understanding and maintaining its value is a key piece of your financial health. As with all physical assets, the first step is to take stock of what artwork you have and what it’s worth. The goal is to safeguard this information on a digital tool, but you can start with a spreadsheet or handwritten binder so long as everything is legible and organized. The file for each piece should include: Purchase date and seller information, as well as the current value (Artwork should be appraised every…
