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Reasons of valuations for tangible property can include estate and probate purposes, equitable distribution, insurance coverage, charitabledonations, dissolution of marriage, and bankruptcy. Appraisers may also assist with consulting and estate liquidation.
Understanding the artwork's potential worth allows you to make informed decisions regarding its conservation, insurance, sale, or donation. Artwork Sale or Acquisition: If you are considering selling or buying a piece of art, an appraisal can provide valuable insights.
Common types of appraisals include: Insurance Appraisals / Retail Replacement Value Appraisals Estate Appraisals CharitableDonation Appraisals Fair Market Value Appraisals / Financial Planning Antique Gold and Blue Enamel Bracelet , France. Sold for $2,500 via Doyle New York (February 2020).
Whether you need a quick valuation for possible re-sale of your items, or you are looking for a more in-depth assessment for insurance or estate planning purposes, discovering a professional nearby is crucial. Typically, this involves analysis of comparable sales in the appropriate market. Market value determination. Specialization.
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.
He public art consultant. Gregory | ASA, CVA, Qualified Mediator with the MN Supreme Court | Founder | Michael Gregory Consulting, LLC Michael Gregory, ASA, CVA, is the founder of Michael Gregory Consulting, LLC. He is a highly sought after speaker, consultant, and conflict resolution expert.
Knowing the accurate value of the assets can help you make informed choices regarding potential sales, donations, or other financial transactions. Future Planning and Decision-making Having a formal appraisal of your parent’s assets also provides valuable information that can assist you in future planning and decision-making.
It’s a practical estimate of what the item might fetch in a fair and open-market sale. This valuation reflects what a knowledgeable buyer would reasonably pay a seller in an open-market transaction, such as at an auction or through a private sale, without the markup associated with purchasing a new item at a retail store.
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