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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. You can learn more about insurance appraisals in this blog post.
A piece appraised for insurance replacement has a very different value than one being appraised for resale or estate division. We tailor the appraisal to suit the intended usewhether its for insurance, estate settlement, resale, charitabledonation, litigation, or collateral loans.
Fair Market Value is used when a collector is settling an estate, needing equitable distribution, or making a charitabledonation. A sample appraisalreport also needs to be submitted and reviewed by a committee of certified appraisers. These documents can be scanned and inserted into the appraisalreport.
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