Perfection is Impossible? (or, what Taylor Swift can teach appraisers)
Thursday, October 9, 2025 in Fine Art, Ask ISA
The Competency Rule of The Uniform Standards of Professional Appraisal Practice (USPAP) says, “Perfection is impossible to attain, and competence does not require perfection.” Read more of this FUN and informative article inside!
View MoreWhat does it mean to be an ISA Certified Appraiser of Personal Property? Our CAPP designation is the pinnacle of the ISA credentialing ladder. Learn more from ISA Board of Directors President, Len de Rohan.
The Competency Rule of The Uniform Standards of Professional Appraisal Practice (USPAP) says, “Perfection is impossible to attain, and competence does not require perfection.” Read more of this FUN and informative article inside!
When calculating a blockage discount, the appraiser must carefully evaluate a number of interrelated factors and considerations. This post will discuss the various considerations to equip you with the knowledge you need to navigate this tricky subject.
When an item is damaged or otherwise no longer usable in its original form, it often retains some residual value based on its materials or components. This residual worth is referred to as salvage value. Salvage value is defined in the 2021 Core Course Manual as: the amount that can probably be obtained from a damaged item or for the components of a damaged item (GL-11). All types of property can have a salvage value from fine art to antiques to appliances. For instance, a painting with a hole still has a salvage value in its current condition. Similarly, a broken appliance still has a salvage value as it may be sold for its parts.
