article thumbnail

Why Accurate Appraisals Matter in the New Year

Penrose Appraisals

Part of the issue is that he isn't really clear about the value of what he has. This is one instance where a profesional appraiser can help. Read on for more about how appraisals can help. Start Tax Season Right Appraisals are crucial for valuing charitable donations.

article thumbnail

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. Appraisers must exercise professional judgment, supported by credible data and sound methodology, to determine FMV.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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. and is used by the CRA and CCPERB in evaluating appraised donations. 347; 73 D.T.C. 5471 (F.C.A.)

article thumbnail

The Importance of Contemporary Art Appraisals

Art Appraisal Resources

When Might You Need a Contemporary Art Appraisal? Art Acquisitions Art collectors, museums, galleries, and private individuals interested in purchasing contemporary Paintings, Sculpture, Photography, or Fine Art Prints might seek an appraisal to ensure they make an informed investment.

article thumbnail

Evaluation to Valuation: Navigating Fine Art Appraisals

Art Appraisal Resources

In this post we explore fine art valuation and appraisal, how an appraisal is conducted and the different types of art appraisals. How a Fine Art Appraisal is Conducted A fine art appraisal conducted by a certified appraiser starts with a thorough inspection of the artwork.

article thumbnail

How To Determine If You Need An Art Appraisal

Art Appraisal Resources

Value matters and an art appraisal completed by a qualified art appraiser can save you substantial money by not selling too low, insuring too low, or paying too much in estate tax or equitable distribution. In this article, we will explore the key indicators that suggest you may need an art appraisal.

article thumbnail

The Role of Appraisals When You Sell Your Jewelry

Buckhead Jewelry Appraisers

The importance of professional appraisals cannot be overstated when you sell jewelry to determine its value for insurance and other purposes. More people who own jewelry are getting their jewelry appraised for consultation and legal purposes, and because of that, the global jewelry appraisal market is projected to grow by 2029.