Remove Bankruptcy Remove Market Value Remove Material
article thumbnail

What Kind of Appraisal?

Drishti LLC Appraisers

For one-of-a-kind artworks, the basis for comparables is usually other works by the same artist, or artwork of similar renown, age, materials and genre. 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.

article thumbnail

Understanding the Difference in Value for Different Jewelry Appraisal Purposes

La Jolla Gem Appraisal

Each type of value serves a specific need, and understanding these distinctions is essential for making informed decisions. 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.