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Understanding the Different Levels of Value: It’s Worth What Where and When?

Artifactual History Appraisal

You may also see this level of the market described as “replacement cost,” which is a term used by the International Society of Appraisers. Actual Cash Value is Retail Replacement Value minus depreciation, which can be a deduction made for age, damage, or another factor. The next level is Fair Market Value.

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Office Hours Information from March 2025

International Society of Appraisers

Q: In a damage claim, what's the most common marketplace for determining the fair market value of diamond jewelry? Is it the orderly liquidation market, retail market, retail replacement market? The process for determining fair market value for a damage claim would be the same for any other intended use.

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How To Determine If You Need An Art Appraisal

Art Appraisal Resources

Many insurance companies require a professional art appraisal to determine the appropriate coverage and premiums. An appraisal helps establish the artwork's current market value and ensures that you have the necessary documentation in case of loss, theft, or damage.

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Understanding Your Appraisal: Fair Market vs. Insurance Value vs. Suggested Asking Price

What Is It Worth?

You’ll need a fair market valuation and a suggested asking price. Do you want to include your item on your homeowner’s insurance policy, or do you want to donate it and/or write it off your taxes? Then you’ll need an insurance or replacement valuation. Do you want to sell it?

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Fine Art Insurance 101

Fine Art Estates

I naively “assumed” that the word “All Risk” meant just that, and all my personal property was covered up to the amount stated on my policy’s declarations page. I now realize that HO insurance is designed to insure your home, not protect your art collection. What types of fine art policies are available?

Fine Art 130
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Insurance: Protecting Your Collection

Art Peritus

Establishing the Value Collectors who are just getting started often rely on their homeowner’s insurance policy to cover the value of their valuable items. However, this could be problematic to establish for more esoteric objects or those that rarely come to market. is the big question collectors need to ask.

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WCG Private Practice Seminar Summary, Part I

WCG

4 Saturday, November 16, 2024 Morning Session Summarized by Alice Craigie , Modern Painting Fellow National Gallery of Art, Washington D.C. Caseys presentation broke down insurance essentials alongside various types of insurance T Block offers. It was recommended to maintain detailed inventories of items and their current value.