View Single Post
  #12  
Old 01-08-2019, 07:42 PM
CW's Avatar
CW CW is offline
Member
 
Join Date: Mar 2010
Posts: 2,376
Default

As Mark and Jay already mentioned, this appraisal on AR is being quoted as insurance estimate, which is inflated a bit compared to auction prices because it takes into account the effort and cost it would take to find a replacement.

So if the insurance appraisal on the sweater is $75K, they are considering it would sell at auction for about $50K - $60K, which is probably on the mark or a bit conservative.

Last edited by CW; 01-08-2019 at 07:43 PM.
Reply With Quote