Lecturer to Discuss "Valuing and Appraising Art for Federal Tax Purposes" at LVC

Art lecture scheduled for Friday, Sept. 29 at 5 p.m. at Suzanne H. Arnold Art Gallery

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Karen Carolan

ANNVILLE, PA (09/16/2011)(readMedia)-- Karen Carolan, executive director of appraisal services at Art Dealers Association of America, will host a lecture, "Valuing and Appraising Art for Federal Tax Purposes," in conjunction with the exhibition Money, Art, and the Art of Money at Lebanon Valley College. The lecture is scheduled for Friday, Sept. 29 at 5 p.m. in the Zimmerman Recital Hall of the Suzanne H. Arnold Art Gallery. Admission is free and open to the public.

Carolan is formerly chief of Art Appraisal Services and chair of the Art Advisory Panel of the Commissioner of Internal Revenue. She has more than 36 years of experience appraising fine arts and cultural property for tax purposes, with a specialty in the appraisal of late 19th and 20th century European and American art. During her time at the IRS, she completed appraisals with a total claimed value of more than $4 billion.

Free refreshments will be provided by the M.B.A. program at Lebanon Valley College.

The Money, Art, and the Art of Money exhibit at the Suzanne H. Arnold Art Gallery at Lebanon Valley College is part of the Colloquium Series on MONEY and will be on display through Oct. 23. It explores the significant role that money has played in art-primarily American art-from the 19th century through to today.

Gallery hours are Wednesdays from 5 to 8 p.m.; Thursdays and Fridays from 1 to 4:30 p.m.; Saturdays and Sundays from 11 a.m. to 5 p.m.; and by appointment for groups. Schools and other organizations are encouraged to contact the Gallery at gallery@lvc.edu or 717-867-6445 for a guided visit.

MONEY is a year-long integrated series of guest speakers, roundtable discussions, films, and courses that consider society's idea of money. It will involve presentations on problems such as unemployment, poverty, and the gender wage gap, as well as discussions on tax policy, the job market and entrepreneurship, and finally a theoretical consideration of the very idea of money, the ideology of the free market, and the morality and theology of capitalism.