Cost Approach Identification 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. The quality of the repair absolutely needs to be taken into consideration. Typically, the better the quality of the repair, then the lower the loss-of-value, if any.
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