Accredited appraisal reports are typically written and researched using one of two types of values, either Retail Replacement or Fair Market. The retail value is what an item would cost in a retail establishment. This value is most often used to establish insurance coverage or to settle a personal property insurance claim. Fair Market Value is what an item would cost on the secondary market, such as auctions or wholesalers. More specifically, the I.R.S. defines Fair Market Value as:
With our verbal Advisory Services and evaluations we will examine your item(s) and conduct preliminary market research. After a thorough examination, we will verbally express our professional opinion as to the current fair market value, condition, medium, and artist or maker of each item.
We provide three convenient options for administering the verbal evaluation:
- – In-office evaluation
- – Via mail or email using photographs and detailed descriptions
- – On-site evaluations (perfect for estate purposes and large collections)