Charitable Donations Material Sales Comparison Approach 
Drishti LLC Appraisers
APRIL 16, 2021
For one-of-a-kind artworks, the basis for comparables is usually other works by the same artist, or artwork of similar renown, age, materials and genre. Comparables for Fair Market Value are relatively recent, actualized sales of pieces by the same artist or artwork of a similar renown, era, materials and genre.
International Society of Appraisers
MARCH 14, 2025
This quote is in the context of IRS Publication 561, which provides guidance for determining fair market value for charitable donations; therefore, this quote must be understood within that specific context and intended use. This is because we use different approaches for determining fair market value and replacement value.
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