WHY is something worth what it is. The art of appraisals. Establishing the fair market value. Importance of location, past sale history, research. How market changes impact value – time, tastes, comps, etc. Figuring in costs such as buyer’s premiums, shipping. What is selling under duress? Liquidation value. Always remember – worth is what someone is willing to pay for an item in that moment.
Listen to “Justuff League #4 – What’s it worth?” on Spreaker.