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Further, appraisalreports must follow the latest version even if the appraiser has NOT taken the latest course. high end, branded, celebrity provenance) is going to sell at a high-end international auctionhouse like Christie’s. Note that the definition of replacement cost comparable mentions age.
I’ve written this basic guide as an introduction to the different levels of value so that users of appraisal services will be able to better determine what sort of appraisalreports would best suit their needs. Fair Market Value is also frequently encountered in equitable distribution and family distribution appraisalreports.
Isn’t it a great world we live in, where all the knowledge of the Ages… all of it… is right there at end of your fingertips? An appraisal needs to be presented to your buyer, or, especially, the consignment gallery, auctionhouse…etc., The IRS will not grant your Tax Deduction without a qualified AppraisalReport.
For example, a client cannot use a restricted appraisal as a basis for a sales price with an auctionhouse or antique dealer. SAFEGUARDING YOUR COLLECTION A full appraisalreport can be shared with specified entities, such as an insurance company, a lawyer or legal firm, accountant or anyone specified in the contract.
This will not provide you a written appraisal but will let you know if an update appraisal might be warranted. If you did not acquire the artwork through a gallery and cannot find similar works online, you may need to take the work, or send photo’s, to an auctionhouse and tell them you are interested in selling the work.
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