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Determining Fair Market Value Part I

International Society of Appraisers

5/13/2025 12:00:00 AM Determining fair market value (FMV) can be a complex process, as it is highly dependent on the specific facts and circumstances surrounding each appraisal assignment. IRS Publication 561, Determining the Value of Donated Property , is the best starting point for guidance on determining fair market value.

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

International Society of Appraisers

5/22/2025 12:00:00 AM Fair market value (FMV) is foundational in Canadian personal property appraisals prepared for charitable donations, estate administration, and cultural property certification applications. This means a consistently achieved market price, not an unusually high one-off sale.

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The Importance of Contemporary Art Appraisals

Art Appraisal Resources

An appraisal performed by a certified art appraiser helps the purchaser gauge the artwork's fair market value and authenticity before finalizing the acquisition. Art Sales When contemporary art owners decide to sell their pieces, they may request an appraisal to establish a realistic asking price.

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Estate Tax Planning Strategies for Art Collections

Art Appraisal Resources

Appraisers also use comparative analysis to provide a basis for estimating the artwork’s potential market value. If the total value of the estate, including art holdings, exceeds this threshold, the excess may be subject to estate taxes.

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What Are the Different Types of Jewelry Appraisals

Buckhead Jewelry Appraisers

It typically includes detailed descriptions, photographs, and current market values. Resale or Fair Market Appraisal: This appraisal assesses the fair market value of a piece if it were to be sold in the current market. It considers factors such as demand, condition, and comparable sales.

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Understanding Gemological Reports for Jewelry Appraisal

Gemology Resources

Besides these fundamental characteristics, the report can delve into a colored gemstone's provenance, acquiring an opinion of its geographic origin, which can significantly affect its market value. These documents are pivotal in establishing a gemstone's identification and, by extension, its market value.

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How Personal Property Appraisers Can Increase the Value of Your Estate Sale

Prime Appraisals

Personal property appraisers play a key role in making sure you get the most out of your estate sale. Estate sales can be overwhelming. You might have a lot of different items, from furniture to jewelry, and each one has its own story and value. This helps them understand more about your item's value.