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Whether you have inherited or collected antiques over the years, you need to understand some essential terms such as antique evaluation, appraisal, and liquidation. In this article, we will comprehensively compare antique evaluation, appraisal, and liquidation, helping you understand what they mean and how they apply to your situation.
Perhaps youve been collecting Asian or Chinese antiques for years and are ready to liquidate. Also see what credentials they hold. The b est Connecticut Asian antique buyers will come with plenty of credentials and will be recognized within the antique buying community as well.
Liquidation Value Appraisal The value of your jewelry in this appraisal is lower than the fair market value appraisal. This type of appraisal is needed in divorce settlements and estate liquidations. It is always essential to ensure that anyone who stamps documents or invoices with their credentials possesses them.
Check for appraisers with continuing education certificates or credentials to ensure up-to-date industry knowledge. Liquidation Value If the jewelry has to be sold under less-than-ideal circumstances (e.g., Continuing Education The jewelry market evolves, and staying current is crucial for providing accurate assessments.
Liquidation Appraisal: Liquidation appraisals are focused on determining the value of jewelry for quick sale, usually at auction or through a dealer. Choosing an Appraiser: When selecting an appraiser, it's essential to choose someone with the necessary expertise, credentials, and impartiality.
Resale or Liquidation Knowing a piece’s appraised value helps individuals negotiate fair prices or make informed decisions when selling jewelry. Credentials A certified jewelry appraiser is a gemologist with certifications from recognized organizations such as the Gemological Institute of America (GIA) or the American Gem Society (AGS).
Look for credentials such as accreditation from recognized gemological institutions and memberships in professional appraisal associations. Liquidation Value: Liquidation value is the amount an asset, like jewelry, could fetch when sold quickly under duress, such as in bankruptcy or foreclosure.
A professional appraiser should have appropriate credentials and expertise in the specific type of antique being appraised. These credentials can indicate that the appraiser has been tested and has the necessary knowledge and expertise to provide an accurate insurance appraisal.
What information is included in the appraisal report Credentials Date of appraisal Date of examination of item (if different from date of appraisal) Printed name and signature of appraiser or authorized representative. They provide you with a simple and efficient means to liquidate your jewelry.
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