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Why Accurate Appraisals Matter in the New Year

Penrose Appraisals

Start Tax Season Right Appraisals are crucial for valuing charitable donations. Non-cash charitable donations can play a big role in reducing your taxes when you itemize. In any case, be sure you keep proper documentation (including a copy of the appraisal report) in order to avoid audits or, worse, penalties.

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Evaluation to Valuation: Navigating Fine Art Appraisals

Art Appraisal Resources

You will be provided with a comprehensive report including a description of the work, the valuation method used and the final appraised value. Charitable Donation Appraisal When someone donates art to a museum or other nonprofit organization, a donation appraisal establishes the fair market value of the donated item.

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How To Determine If You Need An Art Appraisal

Art Appraisal Resources

An appraisal helps establish the artwork's current market value and ensures that you have the necessary documentation in case of loss, theft, or damage. On the other hand, buyers can benefit from an assessment to ensure they pay a fair price for the artwork's value.

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Office Hours Information from March 2025

International Society of Appraisers

Q: In a damage claim, what's the most common marketplace for determining the fair market value of diamond jewelry? Is it the orderly liquidation market, retail market, retail replacement market? The process for determining fair market value for a damage claim would be the same for any other intended use.

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What You Need to Know When Hiring a Personal Property Appraiser

Anubis Appraisal and Estate Services

Reasons of valuations for tangible property can include estate and probate purposes, equitable distribution, insurance coverage, charitable donations, dissolution of marriage, and bankruptcy. This is the most basic part of the process which includes assessing and documenting the item(s).

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Jewelry Appraisal Guide: Understand & Find Jewelry Appraisers

Invaluable

This usually ends with a printed document that describes the piece and assigns a price or range of prices that represent the expert’s best value estimate. Retail Replacement Value for Insurance Coverage People will often get a Retail Replacement Value appraisal for insurance prices.

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How Do I Get My Art Appraised?

Fine Art Estates

They proposed to the IRS that this new organization, made up of many the most knowledgeable and respected art dealers around the country, could help to establish consistent standards for evaluating the fair market value of artworks. Please discuss how the values for the different types of appraisals may differ and why?