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All appraisal reports written in compliance with the Uniform Standards of Professional Appraisal Practice (USPAP) have to include identification of the level of the market the appraised values are set in and the effective date of the valuation. Liquidation Value is often used in bankruptcy contexts.
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. This guide will help you determine if your artwork needs a professional valuation and why it matters. What Is an Art Appraisal?
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