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Why Accurate Appraisals Matter in the New Year

Penrose Appraisals

Part of the issue is that he isn't really clear about the value of what he has. Whether it is dividiing an estate, buying insurance, making non-cash charitable contribiutions or one of many other scenarios, an appraiser can help you and your family to make better decisions. Appraisals can help ensure adequate insurance coverage.

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Why Get a Diamond Appraisal for Your Engagement Ring

GIA 4Cs

A diamond appraisal is an evaluation of a diamond or piece of diamond jewelry, usually for insurance or estate purposes. An appraisal may be needed for a variety of reasons (insurance, donation, estate, divorce, etc.). For example, an insurance replacement value is generally much higher than a fair market value.

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11 Different Ways to Achieve 700 USPAP-Compliant Appraisal Hours

International Society of Appraisers

You can prepare an insurance appraisal for a client, friend, or neighbor (note: appraisals for family members or your own collection do not count). You can prepare a restricted-use appraisal report for a client, friend, or neighbor to provide current market values for their collection. dinner or wine). dinner or wine).

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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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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. Clients pay the insurance premium precisely to preserve the option of receiving a settlement sufficient to replace items within a practical time frame sourcing from the retail level of the market.

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How To Determine If You Need An Art Appraisal

Art Appraisal Resources

Value matters and an art appraisal completed by a qualified art appraiser can save you substantial money by not selling too low, insuring too low, or paying too much in estate tax or equitable distribution. Appraisals are crucial in the art market, providing essential information about artworks' value, authenticity, and condition.

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Evaluation to Valuation: Navigating Fine Art Appraisals

Art Appraisal Resources

Your appraiser will also use knowledge of recent sales of comparable works to determine the artwork’s value. You will be provided with a comprehensive report including a description of the work, the valuation method used and the final appraised value. You can learn more about insurance appraisals in this blog post.