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Understanding the Different Levels of Value: It’s Worth What Where and When?

Artifactual History Appraisal

You may also see this level of the market described as “replacement cost,” which is a term used by the International Society of Appraisers. In my firm’s appraisal assignments, I’ve found that Retail Replacement Value is the main level of value used in fine art and antique insurance coverage. The next level is Fair Market Value.

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How to Know When You Need an Appraisal

JSK Fine Art Appraisals

Whether you inherited a painting, purchased a piece years ago, or are considering donating to a museum, there are many reasons why an appraisal might be necessary. Understanding the market value ensures you are making informed decisions about your artwork and maximizing its potential return.