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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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Evaluation to Valuation: Navigating Fine Art Appraisals

Art Appraisal Resources

How do you place value on something as intricate and subjective as fine art? In this post we explore fine art valuation and appraisal, how an appraisal is conducted and the different types of art appraisals. Your appraiser will also use knowledge of recent sales of comparable works to determine the artwork’s value.

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Why Accurate Appraisals Matter in the New Year

Penrose Appraisals

The IRS requires appraisals done by a "qualified appraiser" for items worth $5,000 or more. Below that number, you can do the valuation yourself, but may have greater peace of mind if you hire an appraiser. Appraisals can also simplify probate should that be necessary.

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4 Reasons to Get an Estate Appraisal – Ray from ValuePros

ValuePros Appraisal Services

Accurate, IRS-compliant valuations are necessary to support those filings. 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.

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Estate Tax Planning Strategies for Art Collections

Art Appraisal Resources

In this post, we will discuss the importance of accurately valuing your art collection, the estate tax implications of art collections, and strategies for mitigating estate tax liability. Appraisers also use comparative analysis to provide a basis for estimating the artwork’s potential market value.

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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.

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How to Find a Qualified Jewelry Appraiser

Buckhead Jewelry Appraisers

The retail replacement value of your jewelry is higher than its fair market value. You should have a replacement value appraisal every 3 to 5 years to ensure your jewelry has adequate insurance coverage. This type of appraisal is needed in divorce settlements and estate liquidations.