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The Importance of Contemporary Art Appraisals

Art Appraisal Resources

An appraisal performed by a certified art appraiser helps the purchaser gauge the artwork's fair market value and authenticity before finalizing the acquisition. Art Sales When contemporary art owners decide to sell their pieces, they may request an appraisal to establish a realistic asking price.

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Replacement Value Appraisal vs. Fair Market Value Appraisal: Understanding the Difference

ValuePros Appraisal Services

When it comes to assessing the value of personal property, two commonly used methods are the Replacement Value Appraisal and the Fair Market Value Appraisal. This method takes into account factors such as supply and demand, condition, age, and provenance of the item.

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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

Artwork Ownership and Acquisition: If you have recently acquired or inherited a piece of art, it can be beneficial to determine its value through an appraisal. Understanding the artwork's potential worth allows you to make informed decisions regarding its conservation, insurance, sale, or donation.

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

Artifactual History Appraisal

Based on this, the same exact object can have multiple values on the same day, depending on what level of the market one is evaluating. 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.

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Evaluation to Valuation: Navigating Fine Art Appraisals

Art Appraisal Resources

The appraiser will then research the artist, provenance, exhibition history and market trends related to the artwork and similar pieces. Your appraiser will also use knowledge of recent sales of comparable works to determine the artwork’s value. This value is used for tax deductions.

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How To Sell Art At Auction

Art Appraisal Resources

Not all auction houses are created equal or can sell collections at a fair market value, especially if they do not have the marketing capabilities or buyers and messaging to reach those buyers. Researching the market before you commit to working with an auction house and knowing the process and your rights is essential.