Understanding the Different Levels of Value: It’s Worth What Where and When?
Artifactual History Appraisal
SEPTEMBER 17, 2019
You may also see this level of the market described as “replacement cost,” which is a term used by the International Society of Appraisers. In my firm’s appraisal assignments, I’ve found that Retail Replacement Value is the main level of value used in fine art and antique insurance coverage. The next level is Fair Market Value.
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