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We back them with real-world data, including recent sales of comparable pieces, market trends, and pricing guides. It can be used confidently for legal purposes, insurance coverage, taxes, or selling with clarity. Market-Based Research Our value conclusions arent guesses.
If the rings were insured initially for the sale price of $10,000, they may feel slightly better. If the couple had spent 30 – 45 minutes and around $100 on a new appraisal every five years, their insurance coverage would have increased enough to make this situation a mere inconvenience and not the major issue it has become.
Reasons of valuations for tangible property can include estate and probate purposes, equitable distribution, insurance coverage, charitable donations, dissolution of marriage, and bankruptcy. As a personal property appraiser, my role encompasses tangible property including fine art, antiques, furniture, and collectibles.
In this blog post, we will explore the distinctions between these two appraisal methods, helping you understand when and why each one is used. – It is typically used for insurance purposes to ensure adequate coverage. While both methods aim to determine the worth of personal belongings, they differ in their approach and purpose.
Conversely, a low auction sale can impact a genre and other works by the artist. Insurers often do not accept an appraisal from the source of the jewelry sale when scheduling insurance. Coverage is relatively affordable. While rates vary by insurer, on average you’ll spend 50 cents per $100 of coverage.
Whether you're curious about the value of your collection, planning for insurance coverage, or considering selling pieces, understanding how to appraise jewelry is essential. It's crucial for insurance scheduling, ensuring adequate coverage in case of loss or damage.
Here at Jerry’s Antiques and Estate Sales, we know how crucial it is for you to take care of the things that mean a lot to you. This blog post provides precise tips on cleaning, keeping, and treating your fur coat to stay in top condition. Fur cleaning is essential to keep your fur coat looking good and lasting long.
It’s important to have a budget in mind and to be aware of any additional fees, such as buyer’s premiums, that may be added to the final sale price. Pawn Shops: While not typically the first choice for diamond purchases, some pawn shops may have diamonds and diamond jewelry for sale at discounted prices.
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Whether it’s an antique brooch you acquired at an estate sale or a custom-designed sapphire necklace, working with an appraiser helps you protect your investment. In this blog, we explore both digital and in-person jewelry appraisals , offering the pros and cons for each to help you choose.
Consider these numbers: January 2021 witnessed sales over $18.8 However, as people went back to their normal lives, these hobbyists eased off the gas pedal. Basketball was particularly hard hit by this change. January 2022 saw that number fall to $10.4 January 2023 toppled even more to $1.8
In this blog post, we’ll discuss the top reasons why it’s important to have your jewelry appraised, and why you shouldn’t wait. The appraisal also provides an estimated replacement value for your jewelry, which is the value insurance companies use when providing you with coverage. What exactly is Fair Market Value?
Over the years, I have spent a lot of time on the phone trying to help people determine if the painting they found in a garage sale is worth anything. These websites compile results from many auction houses and show not only the results of past sales, but also estimates of works that will appear in future sales.
After deducting the buyer’s premium and the sales commission, therefore, the owner probably realized about $135,000 from the sale. 135,000 is a nifty return on investment for a four-dollar purchase, which is what caused the extensive coverage of the sale in the general news media. He says he’s content to wait.
As WorthPoint’s index shows, total monthly sales of movie props have been holding steady since January 2020, and $12.7 Though total sales in May dipped below $100,000 for the first time since 2020, this is likely just a fluke and doesn’t mean the market for movie props is suddenly dwindling. million worth of props have been sold.
Why It Matters: Retail replacement value is essential when securing insurance coverage. It’s a practical estimate of what the item might fetch in a fair and open-market sale. Why It Matters: MCV considers both the fair market value and the immediacy of a sale. When to Use: Planning a jewelry sale Evaluating sale potential 4.
At their worst, these documents are written with tricky and/or inaccurate information and are provided to naive buyers in order to paint a layer of respectability and security over the sale of fraudulent or ‘decorative-only’ reproductions by well-known artists. However, these galleries are not interested in the secondary market at all.
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