Age Charitable Donations Scope of Work 
International Society of Appraisers
MARCH 14, 2025
This quote is in the context of IRS Publication 561, which provides guidance for determining fair market value for charitable donations; therefore, this quote must be understood within that specific context and intended use. Note that the definition of replacement cost comparable mentions age.
Fine Art Estates
JANUARY 7, 2022
Fair Market Value is used when a collector is settling an estate, needing equitable distribution, or making a charitable donation. Condition is the very first thing I look for when inspecting a work! The condition of a work plays a large part in the final value assignment. Be realistic on deadlines.
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