article thumbnail

Determining Fair Market Value Part I

International Society of Appraisers

This often requires careful analysis of market trends, the availability and reliability of comparable sales, and an understanding of how the property would perform under typical market conditions involving a willing buyer and a willing seller. Timing : Sales should be as close as possible to the valuation date. market data).

article thumbnail

What Are the Different Types of Jewelry Appraisals

Buckhead Jewelry Appraisers

It involves examining various factors such as the materials used, craftsmanship, brand reputation (in the case of designer pieces), market demand, and overall condition. It considers factors such as demand, condition, and comparable sales. These assessments consider factors such as brand reputation, rarity, age, and condition.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Importance of Contemporary Art Appraisals

Art Appraisal Resources

The appraisal often serves as an important document which details important aspects of the items condition, medium and provenance, as well as exhibition history if known. The appraisal helps establish the artwork's condition and value, guiding conservation decisions.

article thumbnail

The Ultimate Guide to Written Jewelry Appraisal

Buckhead Jewelry Appraisers

Condition Jewelry in excellent condition with minimal wear and tear is generally more valuable. Market Conditions Economic factors such as currency exchange rates and supply and demand dynamics in the jewelry industry influence jewelry value. Any damage or repair can decrease the value.

article thumbnail

Part II: Understanding and Determining Fair Market Value in Canadian Appraisals

International Society of Appraisers

Comparables must be credible, relevant, and adjusted for differences in quality, condition, scale and provenance. While the original purchase or recent sale price could support FMV, this is only valid if the transaction occurred close to the effective date, at arm’s length, and under typical market conditions.

article thumbnail

Questions To Consider Asking Yourself While Contemplating A New Addition To Your Art Collection

Artifactual History Appraisal

My hope is the structure of inquiry and analysis will help you move forward feeling confident about your decision, whether it is to go ahead with a purchase or hold off. Is it in good condition? -Is Some questions may resonate more than others, and that’s perfectly fine. QUESTIONS TO CONSIDER: -Do I love this piece?

article thumbnail

What Does An Appraiser Do, Anyway?

Penrose Appraisals

This doesn't mean that objects have to be in mint condition in order to bring the big bucks at auction. The appraiser will always pay close attention to condition and take it into account. Appraising is a professional endeavor that requires many skills - research, sleuthing, and market analysis, to name a few. Intangibles.