Fair Market Value is the most widely used—and most misunderstood—valuation standard in the appraisal world. Many collectors assume FMV is a simple average of recent sales or an estimate based on asking prices. In reality, professional FMV determination is a structured, evidence-based process guided by IRS definitions, USPAP methodology, market selection, comparable sales analysis, and condition-specific adjustments.
DJR Expert Guide Series, Vol. 25 — How Appraisers Set Fair Market Value (Deep-Dive Edition) provides a complete breakdown of the professional methods used to calculate Fair Market Value across fine art, collectibles, sports memorabilia, coins, jewelry, documents, artifacts, and full estate contents. This guide teaches you how appraisers identify the correct marketplace, filter and interpret comparables, normalize auction data, evaluate condition and rarity, and reach a defensible conclusion supported by real market behavior.
Inside, you’ll learn how experts:
Define FMV according to IRS, USPAP, and industry standards
Select the correct market where knowledgeable buyers transact
Analyze verified comparable sales across multiple databases
Apply condition-based value adjustments with professional structure
Distinguish between auction, retail, and private-sale pricing
Identify outlier sales, hype spikes, and unreliable comps
Evaluate rarity, demand, liquidity, and market cycles
Determine authenticity and originality impacts on value
Assess provenance documentation for credibility
Write clear, defensible FMV conclusions backed by evidence
Volume 25 condenses years of professional valuation work into one comprehensive guide, giving collectors, sellers, estate managers, and investors a clear understanding of how true market value is established. Whether you collect, appraise, buy, or inherit items, mastering FMV will help you make informed decisions, avoid unrealistic expectations, and protect long-term financial outcomes.
Digital Download — $49 • PDF • 10 Pages • Instant Access
Fair Market Value is the most widely used—and most misunderstood—valuation standard in the appraisal world. Many collectors assume FMV is a simple average of recent sales or an estimate based on asking prices. In reality, professional FMV determination is a structured, evidence-based process guided by IRS definitions, USPAP methodology, market selection, comparable sales analysis, and condition-specific adjustments.
DJR Expert Guide Series, Vol. 25 — How Appraisers Set Fair Market Value (Deep-Dive Edition) provides a complete breakdown of the professional methods used to calculate Fair Market Value across fine art, collectibles, sports memorabilia, coins, jewelry, documents, artifacts, and full estate contents. This guide teaches you how appraisers identify the correct marketplace, filter and interpret comparables, normalize auction data, evaluate condition and rarity, and reach a defensible conclusion supported by real market behavior.
Inside, you’ll learn how experts:
Define FMV according to IRS, USPAP, and industry standards
Select the correct market where knowledgeable buyers transact
Analyze verified comparable sales across multiple databases
Apply condition-based value adjustments with professional structure
Distinguish between auction, retail, and private-sale pricing
Identify outlier sales, hype spikes, and unreliable comps
Evaluate rarity, demand, liquidity, and market cycles
Determine authenticity and originality impacts on value
Assess provenance documentation for credibility
Write clear, defensible FMV conclusions backed by evidence
Volume 25 condenses years of professional valuation work into one comprehensive guide, giving collectors, sellers, estate managers, and investors a clear understanding of how true market value is established. Whether you collect, appraise, buy, or inherit items, mastering FMV will help you make informed decisions, avoid unrealistic expectations, and protect long-term financial outcomes.
Digital Download — $49 • PDF • 10 Pages • Instant Access
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