Types of fine art appraisals...

Replacement Cost

For obtaining insurance coverage for high valued personal property.  This is also necessary for a loss claim to be filed.

Fair Market Value

Required when determining the value of non-cash charitable donations above a certain value or for Estate taxes. 

Equitable Distribution

Establishes a defined type of value (often net value or marketable cash value) for each item of property.

Market Value

Intended for those who are interested in buying or selling property.  Ask about Verbal Valuations.