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Reasons of valuations for tangible property can include estate and probate purposes, equitable distribution, insurance coverage, charitable donations, dissolution of marriage, and bankruptcy. Appraisers may also assist with consulting and estate liquidation.
Liquidation Value: Liquidation value is the amount an asset, like jewelry, could fetch when sold quickly under duress, such as in bankruptcy or foreclosure. Discuss with your jewelry appraiser your needs and objectives so that they can help you determine the appropriate type of value for your jewelry appraisal.
Here, I’ll explain the four main types of value in jewelry appraisal— Retail Replacement Value , Fair Market Value , Marketable Cash Value , and Liquidation Value —and when each is used. Practical Approach : Useful for those intending to liquidate assets or sell items on the open market.
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