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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. Appraisers must exercise professional judgment, supported by credible data and sound methodology, to determine FMV.

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The Art of Appraisals: Understanding their Vital Role in Insurance

Art Appraisal Resources

Determining Insurance Coverage Art appraisals play a crucial role in establishing the appropriate insurance coverage for your valuable artworks by determining their accurate and up-to-date market value. This process starts by determining the artwork’s value.

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Why Accurate Appraisals Matter in the New Year

Penrose Appraisals

Below that number, you can do the valuation yourself, but may have greater peace of mind if you hire an appraiser. In any case, be sure you keep proper documentation (including a copy of the appraisal report) in order to avoid audits or, worse, penalties. Appraisals can also simplify probate should that be necessary.

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

Artifactual History Appraisal

I’ve written this basic guide as an introduction to the different levels of value so that users of appraisal services will be able to better determine what sort of appraisal reports would best suit their needs. The next level is Fair Market Value. Source: Treasury Regulations Sections 1.170A-1 (c) (2)].

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4 Reasons to Get an Estate Appraisal – Ray from ValuePros

ValuePros Appraisal Services

Some states and local courts also require personal property appraisals during probate proceedings. In both situations, you need an independent expert who knows how to properly document fair market value. A clear, unbiased appraisal report provides transparency and peace of mind to all involved.

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Office Hours Information from March 2025

International Society of Appraisers

Further, appraisal reports must follow the latest version even if the appraiser has NOT taken the latest course. 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?

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The Importance of Contemporary Art Appraisals

Art Appraisal Resources

Art Acquisitions Art collectors, museums, galleries, and private individuals interested in purchasing contemporary Paintings, Sculpture, Photography, or Fine Art Prints might seek an appraisal to ensure they make an informed investment.