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Insuring and Valuation Updates in more Dynamic Markets

ValuePros Appraisal Services

By Ray Nugent Fine Art Insurers require more frequent valuation updates for Fine Art items than other less dynamic markets. Conversely, a low auction sale can impact a genre and other works by the artist. Insurers are keenly aware of this phenomenon and therefore, require regular valuations updates, typically, every 2-3 years.

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Understanding the Different Levels of Value: It’s Worth What Where and When?

Artifactual History Appraisal

An appraised value for insurance may be significantly higher than an appraised value for planned future sale, which can be baffling and difficult to comprehend without a familiarity with the different levels of the market. The next level is Fair Market Value.

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How To Determine If You Need An Art Appraisal

Art Appraisal Resources

Understanding the artwork's potential worth allows you to make informed decisions regarding its conservation, insurance, sale, or donation. Many insurance companies require a professional art appraisal to determine the appropriate coverage and premiums.

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Downsizing Made Easy: How to Find an Estate Liquidator

Sarasota Antique Buyers

Insurance Coverage Ensure the estate liquidator you hire has adequate insurance coverage to protect you and yourself from accidents, damages, or theft during the estate sale or auction. Timing is vital because if an estate sale lasts several days, you don’t want it to be cut short, resulting in a loss of potential profits.

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What Are the Different Types of Jewelry Appraisals

Buckhead Jewelry Appraisers

Whether it's a family heirloom passed down through generations or a recent acquisition, knowing it's worth not only provides peace of mind but also serves practical purposes such as insurance coverage, resale considerations, and estate planning. It considers factors such as demand, condition, and comparable sales.

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What You Need to Know When Hiring a Personal Property Appraiser

Anubis Appraisal and Estate Services

GL-1, an appraiser is “one who is expected to perform valuation services competently and in a manner that is independent, impartial, and objective.” Reasons of valuations for tangible property can include estate and probate purposes, equitable distribution, insurance coverage, charitable donations, dissolution of marriage, and bankruptcy.

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What Documentation Do I Need for a Jewelry Appraisal

Buckhead Jewelry Appraisers

Insurance Purposes: Insurance companies often require detailed documentation for jewelry appraisals to determine coverage amounts and premiums accurately. One of the primary purposes of a written jewelry appraisal is to facilitate insurance coverage. This includes information about the materials used (e.g.,