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

Artifactual History Appraisal

An appraised value for insurance may be significantly higher than an appraised value for planned future sale, which can be baffling and difficult to comprehend without a familiarity with the different levels of the market. Sales tax is not included in the calculation of fair market value, although Bidder A may have had to pay it!

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How To Determine If You Need An Art Appraisal

Art Appraisal Resources

Understanding the artwork's potential worth allows you to make informed decisions regarding its conservation, insurance, sale, or donation. Insurance Purposes: Artwork can be a valuable asset, and it is essential to ensure that it is adequately insured.

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The Collector

Penrose Appraisals

There may be many fond memories associated with examples that were gifted, purchased while traveling, or found hidden away in a box at an estate sale. A standard insurance policy written to provide replacement value for losses would perhaps go into the market to find out what the dress costs to buy new.

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Maximizing Your Estate Liquidation: Essential Tips for the Best Results

Sarasota Antique Buyers

Hire a Professional Hiring a professional liquidation agent can help you maximize your profits if you plan to have an estate sale. However, it’s essential to research before hiring an estate sales agent. The “one touch” rule can be helpful, where you decide what to do with an item as soon as you touch it.

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Insuring and Valuation Updates in more Dynamic Markets

ValuePros Appraisal Services

Conversely, a low auction sale can impact a genre and other works by the artist. Insurers are keenly aware of this phenomenon and therefore, require regular valuations updates, typically, every 2-3 years. Jewelry Jewelry is another category of personal property that is fraught with insurance issues.

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Where To Buy Diamond Jewelry?

La Jolla Gem Appraisal

It’s important to have a budget in mind and to be aware of any additional fees, such as buyer’s premiums, that may be added to the final sale price. Pawn Shops: While not typically the first choice for diamond purchases, some pawn shops may have diamonds and diamond jewelry for sale at discounted prices.

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What Kind of Appraisal?

Drishti LLC Appraisers

For example, a client cannot use a restricted appraisal as a basis for a sales price with an auction house or antique dealer. Likewise, it cannot be used for insurance purposes. An insurance appraisal is also used for estate planning purposes, as well as insurance policies and claims.