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In fact, our job is to protect your interests by providing an expert, well-documented opinion of value based on careful examination and marketresearch. A piece appraised for insurance replacement has a very different value than one being appraised for resale or estate division.
You must determine the most common market where the property is sold to the public (i.e., the market in which sales to the public most frequently occur). As appraisers, we are marketresearchers. It is our responsibility to be familiar with various market levels and marketplaces.
Marketresearch. It is only after learning about and considering all of these things that an appraiser can then turn to the market to make a determination of value. Of course, the market chosen will vary depending on the purpose of the appraisal.
Also in February, I appraised a collection of guitars for purposes of buying insurance. It's important to realize that your homeowners' insurance does not automatically cover items of unusual value such as antiques and collectibles. These appraisals are key to making sure you and your insurer are on the same page.
New York Daily News / Reuters The value of the online fine art market is expected to more than double to $3.76 billion in the next five years as it increasingly attracts younger and first-time buyers, British insurer Hiscox said on Monday. billion in 2013. billion in 2018.
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