Cost Approach Research Scope of Work 
International Society of Appraisers
MARCH 14, 2025
As appraisers, we are market researchers. 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. Talk to your client to identify the scope of work.
Fine Art Estates
JANUARY 7, 2022
Askart.com If you are researching a painting, drawing, or sculpture (they do not have fine prints) Askart is a good place to look. 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. Do they have a past appraisal?
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