All articles tagged with #appraisal
A Utah man, whose forest-green Cybertruck had ~3,000 miles on it and wasn’t in his name, took the vehicle to CarMax for an appraisal and was stunned by a $76,000 offer. While the number drew disbelief, Kelley Blue Book values for a 2024 Cybertruck AWD suggest resale figures around the low to mid $70k range, meaning the offer was not as far off the market as hype suggested.
The Ophir Collection, a trove of 43 precious gems appraised at $3.2 billion, has become the center of a years-long battle over ownership. The collection, which includes unique and rare gemstones, has sparked confusion over its true value, with experts questioning the validity of the $3.2 billion appraisal. The collection's owner, Dion Tulk, a gem hunter and pop singer, has faced disputes from individuals claiming ownership, including Ohio businessman Brett Regal and financier Jeffrey Hackman. The collection has been used as collateral in various deals, leading to legal battles and court rulings. The latest attempt to sell the collection involved a healthcare company, Novo Integrated Sciences, proposing a convoluted deal involving non-fungible tokens (NFTs). However, talks with Novo have reportedly stalled, leaving the future of the Ophir Collection uncertain.
The Biden-Harris Administration is taking action to address racial bias in home valuations by preventing algorithmic bias in home valuation, empowering consumers to take action against appraisal bias, increasing transparency and leveraging federal data to inform policy and improve enforcement against appraisal bias, and breaking down barriers to entry into the appraisal profession. The administration is also calling on states to reduce unnecessary barriers to entry to the appraiser profession.
A collector's binder of original 1990s Pokémon cards was appraised on Antiques Roadshow for $5,000 to $10,000 by expert Travis Landry. The set, purchased by the collector's mother for $35 in 1999, includes a holographic Charizard that could have sold for as much as $15,000 at the height of Poké-mania during the pandemic years.
A Pokemon card collector's binder worth around $10,000 was appraised on Antiques Roadshow, featuring Base Set cards and rare Shadowless copies from the 1990s in excellent condition. The host suggested selling the cards individually to earn more money, but warned that the Pokemon market is volatile. The increased value of Pokemon cards has led to a rise in theft, with one group stealing over $1M in collectibles in March 2023. Recently, a PSA-graded Trophy Pikachu sold for $300,000.
A binder of original Pokemon cards from the 1999 base set, including the 16 original holographic cards, was appraised on Antiques Roadshow for a value of $5,000 to $10,000. The appraiser notes that the market for Pokemon cards is volatile, but shadowless Charizards sold for up to $15,000 in early 2021. The owner may need to get the cards graded by a third party to get their full value.