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What Does An Appraiser Do, Anyway?

Penrose Appraisals

Rather, it is likely that an appraiser will have to conduct research in order to arrive at a determination of value. Identification. It may require research, as when faced with unknown maker's marks on the bottom of a piece of pottery. Market research. So, how do they do that? What is it made of?

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Why You Should Get A Charitable Donations Appraisal

Penrose Appraisals

Note that all of these, except for appraisal, require you to do some research and possibly actual legwork to determine an acceptable answer. An appraiser is trained in this kind of market research and likely spends much of their time monitoring market conditions. Avoiding bias. You paid $5,000 for it just five years ago.