|
Lashof Violins
performs Appraisals of instruments for Insurance or Market Value purposes.
The difference between the two appraisals is an
Insurance Appraisal will generally be for a higher
amount--this allows the owner of the instrument to
replace it with an
instrument of like value, if the insured instrument
is destroyed.
With an Insurance Appraisal, previous repairs have
less to do with the instrument's replacement value. If a violin
has a repaired crack or a non original scroll and
you lose the violin, you are not going to go
shopping for another violin with a repaired crack
and replaced scroll.
Unlike the Insurance Appraisal, the Fair Market
Value Appraisal takes in all of the factors that
affect price, especially condition. With this in
mind, a violin with an Insurance Appraisal could be
valued $2000.00 but have a Fair Market Value of very
little. A person will ask for this is the type of appraisal
if he or she is selling the instrument or looking to buy
the instrument from someone. What you pay for
an instrument has little to do with the Insurance
Appraisal Value.
In general, the newer the instrument, the better the condition it is
in and the "cleaner" the provenance, the closer the Insurance and Market
Value will agree with each other.
When you purchase an instrument at Lashof Violins,
the price is based on the Fair Market Value, not the
Insurance Value. In addition, when you purchase an instrument
from Lashof Violins an Insurance appraisal is
available for that instrument at no charge.
Appraisals done at Lashof Violins clearly state which
version of appraisal you are getting. Our Appraisals
are prepared using guidelines from the Appraisers
Association of America.
Please note: Due to the numerous
factors involved in determining an instrument's
value, Lashof Violins only offers appraisals for
instruments physically in the store. Even
photographs of an instrument and a description of
the label do not provide enough information about
the instrument for us to accurately determine a
value and sometimes are not enough to even say where
the instrument was made.
|