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Part III: Fair Market Value Guidance List

International Society of Appraisers

7/23/2025 12:00:00 AM Be sure to reference Parts I and II: Part I: Determining Fair Market Value Part II: Understanding and Determining Fair Market Value in Canadian Appraisals This list is intended as a practical guide for conducting fair market value (FMV) appraisals in compliance with professional standards, including USPAP.

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Determining Fair Market Value Part I

International Society of Appraisers

5/13/2025 12:00:00 AM Determining fair market value (FMV) can be a complex process, as it is highly dependent on the specific facts and circumstances surrounding each appraisal assignment. IRS Publication 561, Determining the Value of Donated Property , is the best starting point for guidance on determining fair market value.

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Insights on Auction Sales: Dimes, Documents, Blue Dog

WorthPoint

Despite its visible crease, which would likely place it around a grade 2, the final price was still attractive compared to market value, typically at least $500 higher for that grade. Possible Lenin Signature This large lot of Eastern European documents sold for $5,490 at Freeman’s Hindman. WorthPoint—Discover.

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Part II: Understanding and Determining Fair Market Value in Canadian Appraisals

International Society of Appraisers

5/22/2025 12:00:00 AM Fair market value (FMV) is foundational in Canadian personal property appraisals prepared for charitable donations, estate administration, and cultural property certification applications. This means a consistently achieved market price, not an unusually high one-off sale.

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Ron Perelman's $410m insurance trial is testing the limits of art valuation

The Art Newspaper

Selvin adds, “However, if the case proceeds to litigation, and market conditions have shifted since the loss occurred, either the claimant or the insurer may request an updated appraisal to reflect current market values.”

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4 Reasons to Get an Estate Appraisal – Ray from ValuePros

ValuePros Appraisal Services

In both situations, you need an independent expert who knows how to properly document fair market value. A professional estate appraisal gives you the real market value so you can make informed decisions, choose the right selling channel, and avoid underpricing valuable items.

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Why Accurate Appraisals Matter in the New Year

Penrose Appraisals

In any case, be sure you keep proper documentation (including a copy of the appraisal report) in order to avoid audits or, worse, penalties. This can bring peace of mind that comes with knowing the fair market value of personal property, especially family heirlooms or collectibles.