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Originally Posted by CarolK
Are appraisals always inflated--like the sticker price on new cars?
If you paid the appraised value for a piece of jewelry, will this have meant you've been fleeced?
CarolK
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Appraisals reflect the inflated prices and subsequent fleecing you would have to endure if you were to quickly and easily replace your lost baubble/s at a fancy B & M store. This is not necessarily MY OWN understanding of appraisals, just what a lot of appraisers have told me. It makes sense though, eh?
Slraep