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Further, appraisalreports must follow the latest version even if the appraiser has NOT taken the latest course. When determining fair market value, we use the sales comparison approach to analyze comparable sales data (i.e., Replacement value also takes into consideration relevant costs associated with replacement.
For instance: Replacement Cost Value is used when a collector needs an appraisal for insurance coverage. An insurance appraisal seeks to provide an estimated cost of what a collector would require to make the collector whole again if their art is ever damaged or stolen. are scanned and inserted into the report.
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Appraisal Reports 
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