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Determining Fair Market Value Part I

International Society of Appraisers

5/13/2025 12:00:00 AM Determining fair market value (FMV) can be a complex process, as it is highly dependent on the specific facts and circumstances surrounding each appraisal assignment. IRS Publication 561, Determining the Value of Donated Property , is the best starting point for guidance on determining fair market value.

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Part II: Understanding and Determining Fair Market Value in Canadian Appraisals

International Society of Appraisers

5/22/2025 12:00:00 AM Fair market value (FMV) is foundational in Canadian personal property appraisals prepared for charitable donations, estate administration, and cultural property certification applications. This means a consistently achieved market price, not an unusually high one-off sale. See Part I here.

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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. In legal disputes, such as art ownership conflicts or divorce settlements, an appraisal can provide an unbiased assessment of the artwork's value and authenticity.

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The Role of Jewelry Appraisers in Insurance Valuation

Buckhead Jewelry Appraisers

This process considers factors such as replacement cost, market value, and depreciation. At Buckhead Jewelry Appraisers , our job involves thorough research, careful analysis, and creating detailed reports to present to insurance companies for review. This agreed-upon value serves to clarify compensation terms.

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Estate Tax Planning Strategies for Art Collections

Art Appraisal Resources

Appraisers also use comparative analysis to provide a basis for estimating the artwork’s potential market value. An appraiser will start by documenting all information about the art piece or collection including its artist, title, date of creation, history of ownership, and publication history.

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Understanding Gemological Reports for Jewelry Appraisal

Gemology Resources

Besides these fundamental characteristics, the report can delve into a colored gemstone's provenance, acquiring an opinion of its geographic origin, which can significantly affect its market value. These documents are pivotal in establishing a gemstone's identification and, by extension, its market value.

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What Are the Different Types of Jewelry Appraisals

Buckhead Jewelry Appraisers

Insurance Appraisal: One of the most common types of appraisals, an insurance appraisal determines the replacement value of a piece in case of loss, theft, or damage. It typically includes detailed descriptions, photographs, and current market values. It considers factors such as demand, condition, and comparable sales.