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Replacement Value Appraisal vs. Fair Market Value Appraisal: Understanding the Difference

ValuePros Appraisal Services

When it comes to assessing the value of personal property, two commonly used methods are the Replacement Value Appraisal and the Fair Market Value Appraisal. It takes into account factors such as age, condition, and quality of the item. – Determining the value of items for a potential claim.

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

Artifactual History Appraisal

Most people selling items on the secondary market who aren’t professional dealers or without access to the assistance of professional dealers will find it difficult to obtain retail prices in a sale, and can more realistically expect future sale prices to be closer to the Fair Market Value and Liquidation Value levels of the market.

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Office Hours Information from March 2025

International Society of Appraisers

Q: In a damage claim, what's the most common marketplace for determining the fair market value of diamond jewelry? Is it the orderly liquidation market, retail market, retail replacement market? The process for determining fair market value for a damage claim would be the same for any other intended use.

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What Kind of Appraisal?

Drishti LLC Appraisers

For one-of-a-kind artworks, the basis for comparables is usually other works by the same artist, or artwork of similar renown, age, materials and genre. An insurance appraisal is also used for estate planning purposes, as well as insurance policies and claims. It is not used for forced sale or bankruptcy situations.

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How to Find and Choose and Antiques Appraiser Near You

Penrose Appraisals

An appraisal is not just a price tag, but is a comprehensive and professional determination of value. The determination involves consideration of various key factors such as age, rarity, and provenance that all can influence an item's worth. Market value determination.