Understanding the Different Levels of Value: It’s Worth What Where and When?
Artifactual History Appraisal
SEPTEMBER 17, 2019
Based on this, the same exact object can have multiple values on the same day, depending on what level of the market one is evaluating. You may also see this level of the market described as “replacement cost,” which is a term used by the International Society of Appraisers.
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