Remove Age Remove Appraisal Reports Remove Market Value
article thumbnail

Understanding the Different Levels of Value: It’s Worth What Where and When?

Artifactual History Appraisal

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 appraisal reports would best suit their needs. The next level down of value is Actual Cash Value. The next level is Fair Market Value.

article thumbnail

Evaluation to Valuation: Navigating Fine Art Appraisals

Art Appraisal Resources

Your appraiser will also use knowledge of recent sales of comparable works to determine the artwork’s value. You will be provided with a comprehensive report including a description of the work, the valuation method used and the final appraised value. This value is used for tax deductions.

article thumbnail

What Kind of Appraisal?

Drishti LLC Appraisers

SAFEGUARDING YOUR COLLECTION A full appraisal report can be shared with specified entities, such as an insurance company, a lawyer or legal firm, accountant or anyone specified in the contract. It is the type of appraisal report we most commonly provide for our clients. It is for your information only.

article thumbnail

How Do I Get My Art Appraised?

Fine Art Estates

They proposed to the IRS that this new organization, made up of many the most knowledgeable and respected art dealers around the country, could help to establish consistent standards for evaluating the fair market value of artworks. Please discuss how the values for the different types of appraisals may differ and why?

article thumbnail

How to Find a Qualified Jewelry Appraiser

Buckhead Jewelry Appraisers

The retail replacement value of your jewelry is higher than its fair market value. You should have a replacement value appraisal every 3 to 5 years to ensure your jewelry has adequate insurance coverage. This type of appraisal is needed in divorce settlements and estate liquidations.

article thumbnail

Understanding Home Appraisal in Divorce: What You Need to Know

Prime Appraisals

What is Home Appraisal? A home appraisal is a professional evaluation of a home's market value. When you hear the term 'home appraisal for divorce,' it refers to determining how much a house is worth during the process of ending a marriage. Understanding this report can help you during the divorce negotiations.