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Insuring and Valuation Updates in more Dynamic Markets

ValuePros Appraisal Services

By Ray Nugent Fine Art Insurers require more frequent valuation updates for Fine Art items than other less dynamic markets. 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.

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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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What Kind of Appraisal?

Drishti LLC Appraisers

A restricted appraisal is a written appraisal that provides a valuation, but information is for the client only and cannot be shared with anyone else. 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.

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How to Find and Choose and Antiques Appraiser Near You

Penrose Appraisals

Whether you need a quick valuation for possible re-sale of your items, or you are looking for a more in-depth assessment for insurance or estate planning purposes, discovering a professional nearby is crucial. Typically, this involves analysis of comparable sales in the appropriate market. Market value determination.

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Decoding Jewelry Appraisals: A Comprehensive Guide

John Thomas Jewelers

Jewelry appraisals are required for most insurance policies. These generic estimates lack the in-depth analysis necessary for accurate valuation. The goal of a CMA is to assess how comparable pieces have performed in terms of sales prices, providing insights into the potential value of the jewelry being appraised.

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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. Arguably, the most significant value of purchasing insurance for one’s collection comes from having the insurer agree to the appraised value of the piece in question.