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Why Accurate Appraisals Matter in the New Year

Penrose Appraisals

Below that number, you can do the valuation yourself, but may have greater peace of mind if you hire an appraiser. In any case, be sure you keep proper documentation (including a copy of the appraisal report) in order to avoid audits or, worse, penalties. If you are considering an estate sale, I can help!

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

Artifactual History Appraisal

An appraised value for insurance may be significantly higher than an appraised value for planned future sale, which can be baffling and difficult to comprehend without a familiarity with the different levels of the market. The next level is Fair Market Value.

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Office Hours Information from March 2025

International Society of Appraisers

Further, appraisal reports must follow the latest version even if the appraiser has NOT taken the latest course. You need to analyze comparable sales data in the most common market where transactions to the public most frequently occur. the market in which sales to the public most frequently occur). sold prices).

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The Importance of Contemporary Art Appraisals

Art Appraisal Resources

Art Sales When contemporary art owners decide to sell their pieces, they may request an appraisal to establish a realistic asking price. Auction houses, galleries, and art dealers often require a certified art appraisal to estimate and reserve artwork sales prices.

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Estate Tax Planning Strategies for Art Collections

Art Appraisal Resources

A certified appraiser will have a thorough knowledge of market trends, genre knowledge, and will adhere to ethical guidelines and industry standards set by the International Society of Appraisers (ISA) and the Appraisers Association of America (AAA). This ensures integrity in their valuation process.

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Evaluation to Valuation: Navigating Fine Art Appraisals

Art Appraisal Resources

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.

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What Kind of Appraisal?

Drishti LLC Appraisers

A restricted appraisal is a written appraisal that provides a valuation, but information is for the client only and cannot be shared with anyone else. For example, a client cannot use a restricted appraisal as a basis for a sales price with an auction house or antique dealer. It is for your information only.