On Sep 23, 2007, at 8:57 AM, Kathy Page wrote:
Hello everyone,
The divorce saga continues. Ugh.
My collection is large enough that it's going to wind up on the
inventory list for the division of assets. Oh joy. I have to reduce
my collection to a bunch of numbers.
<snip>
Just a brief idea: the method of valuation depends on the purpose.
If you were setting a value to something for insurance, that would
different from estimating what to charge for a commission, etc. It
seems to me (but IANAL) that in the context of a divorce, the key
question is "what is the liquidatable value of this property?" That
is, supposing that he, physically, were handed half the wardrobe of
costumes, how much cash could he reasonably expect to turn them into
on eBay or the equivalent without expending a great deal of time and
effort? For that, you shouldn't need to evaluate your specific
costumes individually -- simply research final sale prices of roughly
equivalent items (i.e., used custom-made costumes being sold to
someone they weren't custom-made for) in a market that can be assume
to reflect fair market expectations.
Heather
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