International Society of Appraisers

MARCH 14, 2025

When determining fair market value, we use the sales comparison approach to analyze comparable sales data (i.e., On the other hand, when determining replacement value, we use the cost approach to analyze comparable cost data (i.e., Replacement value also takes into consideration relevant costs associated with replacement.

Appraiser/appraisal 52

Appraiser/appraisal Market Value Appraisal Reports Hypothetical Condition 52

Antiques Dealer

MARCH 10, 2023

Cost Approach This method determines the cost of replacing the antique item with a similar one. The appraiser considers materials, labor, and depreciation to determine the value. The most common methods used in antique appraisal are comparative market analysis, cost approach, and income approach.

Appraiser/appraisal 40

Appraiser/appraisal Rarity Income Approach Cost Approach 40

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. Epilogue: There are many factors and variables that affect the value of an artwork and appraisers need to know what is relevant to what they are appraising.

Appraiser/appraisal 130

Appraiser/appraisal Insurance Antiques and Decorative Arts Market Value 130