[Jewelry making - Article 00269] - Re: [Orchid] General inquiries about appraisals

[E. Luther]

========[ Invite a Friend - http://www.ganoksin.com/invite.htm  ]========


>     It's essentially an auction market meaning it's worth whatever
>     someone will pay for it. 


    I have to take issue with this statement.  A competent appraiser
    will identify and define the market for which the price is valid. 
    It could be Fair Market Value, could be auction value, could be
    insurance replacement - new, insurance replacement - used...  A
    value on an item without stating in what market that value exists is
    useless. 

    You'll notice they usually say this on the Antiques Road Show --
    they say, in my shop this would sell for, or at a well attended
    regional auction this would go for...  They identify the market. 

-- 
Elaine Luther
Chicago area, Illinois, USA
Certified PMC Instructor
eluther AT copper.net


____________________________________________________________________
T h e   O r c h i d   L i s t
Open Electronic Forum for Jewelry Manufacturing Methods and Procedures
____________________________________________________________________
Orchid FAQ:
~ http://www.ganoksin.com/orchid/faq.htm
Orchid Archives:
~ http://www.ganoksin.com/orchid/archive
Orchid Galleries:
~ http://www.ganoksin.com/orchid/gallery.htm
Invite a Friend:
~ http://www.ganoksin.com/invite.htm
____________________________________________________________________
Tips From The Jeweler's Bench - Article Archive
~ http://www.ganoksin.com/borisat/tip_sear.htm
The Jeweler's Selected Bibliography List
~ http://www.ganoksin.com/jewelry-books
Buy Orchid Jewelry:
~ http://www.ganoksin.com/shop
____________________________________________________________________
-Unsubscribe:
-Email: orchid-request AT ganoksin.com Body=unsubscribe subject=blank
____________________________________________________________________