Question: If I have more than one item in my appraisal that are similar in nature, can I use the same comparables for each of the items?
Answer: The answer is yes, if the comparables are indeed applicable to both items. For example, I have a client who likes to purchase two prints from the same edition for his collection. As such, when I'm appraising the works for fair market value, I include the same comparables for each print when the two are in the same condition. If the prints were not in the same condition, then I would not necessarily use the same comparables for each of the prints. If one had a condition issue, then I would first look for a comparable with a similar condition issue as the best direct comparable. If comparables of damaged prints were unavailable, then I would use the same comparable of one in good condition and then explain my reasoning of why I'm discounting the value of the damaged print.
- Meredith Meuwly, ISA CAPP
Director of Education
Director of Education
What is the appr. value of an certified appraisal in 2001 today. The value was $300000.
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