Why Your Deduction May Not Be What You Anticipate | Many donors assume that if they paid a certain amount for an item, or believe it has appreciated over time, the charitable deduction will naturally reflect that value. Unfortunately, the reality is often far more complex.

The great 20th century jewelry makers such as Cartier, Van Cleef & Arpels, and Tiffany are among the top in the field for good reason. Their history, craftsmanship and status in the canon is secure. They are rightfully among the most sought after pieces in the collector market. And their prices reflect this demand, leaving less opportunity for collectors. The sophisticated buyer, at this point, begins to look elsewhere.

Costume jewelry, non-precious, playful, and sometimes theatrical, seemed unlikely to achieve cultural significance and collectable value. Yet it has.

There are rooms that are simply rooms, well-appointed interiors that are tasteful and reflect the owner’s persona. Then there are rooms that become environments mixing collections, design and emerging artistry with a vision that makes them timeless.