Auction House Market Value Sales Comparison Approach 
International Society of Appraisers
MARCH 14, 2025
Q: In a damage claim, what's the most common marketplace for determining the fair market value of diamond jewelry? Is it the orderly liquidation market, retail market, retail replacement market? The process for determining fair market value for a damage claim would be the same for any other intended use.
Drishti LLC Appraisers
APRIL 16, 2021
For example, a client cannot use a restricted appraisal as a basis for a sales price with an auction house or antique dealer. FAIR MARKET VALUE VS. MARKET VALUE In the situation of an estate distribution, the appraisal report is written to determine Fair Market Value, which is slightly different from Market Value.
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