Charitable Donations Cost Approach Quality 
International Society of Appraisers
MARCH 14, 2025
There are different marketplaces depending on many factors, including: urgency to sell, quantity, condition of the property, and the quality of the items. What is the quality of diamond jewelry? When determining fair market value, we use the sales comparison approach to analyze comparable sales data (i.e., sold prices).
Fine Art Estates
JANUARY 7, 2022
An insurance appraisal seeks to provide an estimated cost of what a collector would require to make the collector whole again if their art is ever damaged or stolen. Fair Market Value is used when a collector is settling an estate, needing equitable distribution, or making a charitable donation. Be realistic on deadlines.
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