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high end, branded, celebrity provenance) is going to sell at a high-end international auctionhouse like Christie’s. A collection of unbranded jewelry that has no celebrity provenance may sell at a local or regional auctionhouse. For instance, Elizabeth Taylor’s jewelry (i.e., sold prices).
For example, a client cannot use a restricted appraisal as a basis for a sales price with an auctionhouse or antique dealer. On the other hand, Market Value takes into account the more specific circumstances of a sale, and is used for the intention of liquidation. Likewise, it cannot be used for insurance purposes.
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