Remove Charitable Donations Remove Condition Remove Scope of Work
article thumbnail

Office Hours Information from March 2025

International Society of Appraisers

There are different marketplaces depending on many factors, including: urgency to sell, quantity, condition of the property, and the quality of the items. Publication 561 includes four ways to determine FMV: cost of the donated property; selling price of the donated property; sales of comparable properties; replacement value.

article thumbnail

How Do I Get My Art Appraised?

Fine Art Estates

Fair Market Value is used when a collector is settling an estate, needing equitable distribution, or making a charitable donation. If you have determined that the print is worth $10,000 in pristine condition, please explain how you would go about establishing a current market value for this Kelly print.