What kinds of value are develped in an appraisal?
When contracting with an appraiser, determine what is the purpose of your appraisal. If you are donating an object or if you are representing an estate, the IRS has specific requirements for a written appraisal and requires a “fair market” valuation. For insurance purposes, a collector will require an appraisal that carries an “insurance replacement” value. At the begining of an appraisal, it’s best to discuss your particular needs with a qualified appraiser.
