Bank Of America Clients Offered Free Art Appraisals

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A New Jersey art dealer will appraise art collections for millions of Bank Of America clients at no charge.

An expert in 19th and 20th Century American art has offered to appraise the art collections of clients of Bank Of America, one of the nation's largest banks, at no charge or obligation.

"We launched this program in 2005," said Les Fox, owner of West Highland Fine Art in Wyckoff, New Jersey and a client of Bank Of America. "When we held our first Art Discovery Day at our local branch of Bank Of America, more than 60 people showed up in a blizzard with paintings wrapped in blankets. In just 4 hours we were able to provide each bank customer with an idea of what they owned, and its value. The program was described as being like the Antiques Roadshow, and it was very well accepted. But we were not properly organized to expand the program."

Now, a year later, Fox says he's fully prepared to handle unlimited inquiries from Bank Of America clients who own art which they may want to sell or insure.

"We've started a new website at AmericanArtAdvisor.com," he explains, "We offer free appraisals, as well as the option to sell valuable art at Sotheby's, Christies and many other art auction houses we've done business with for more than 20 years."

West Highland Fine Art offers a unique art service. If a Bank Of America customer owns art that is worth selling at auction, Fox will buy it for cash and then split the profit at auction with the original owner. "No other dealer in the world offers this service. We buy paintings at fair market values based on auction estimates provided by Sotheby's and Christies, and we will take the risk of selling it at auction. If a painting fails to sell, or sells for less than we paid, we assume the risk. If it sells for more than we paid, we split the profit 50-50 with the owner. It's a win-win situation for Bank Of America clients with valuable art. And over the long term, we expect to do very well. Most art sells for the auction estimate. But occasionally a painting will sell for well above, and we share in the unexpected bonus."

For further information, Fox invites Bank Of America clients, or their bankers, lawyers or financial planners, to visit his website, or contact him at: (201) 891-7170.

"We don't appraise new art, or amateur art," Fox adds. "However, we can quickly tell you if your painting was done by a listed artist with a track record at auction. If you've got something good, we'll help you insure it or sell it."

Les Fox, a New York Times bestselling author, is currently writing a new book for art collectors and investors titled "Anyone Can Own A Masterpiece."

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