-17- estimated that these six items had a total lower estimated value of $70,000 and a total upper estimated value of $107,500. Carmona ascertained that the fair market value of these six items totaled $146,200. Carmona’s total fair market value for these six items is 84.83 percent (($146,200 - $79,100)/$79,100) greater than the total of their auction prices. The 13 loose gemstones sold at auction for a total auction price (exclusive of buyer’s commissions) of $764,600. Christie’s estimated that these 13 gemstones had a total lower estimated value of $488,000 and a total upper estimated value of $656,000. Carmona ascertained that the fair market value of these 13 gemstones totaled $1,100,000. Carmona’s total fair market value for these 13 gemstones is 43.87 percent (($1,100,000 - $764,600)/$764,600) greater than the total of their auction prices. Christie’s estimated that the five items of jewelry which did not sell at auction had a total lower estimated value of $28,000 and a total upper estimated value of $39,500. Carmona ascertained that the fair market value of these five items of jewelry totaled $37,200. Christie’s estimated that the one loose gemstone which did not sell at auction had a lower estimated value of $14,000 and an upper estimated value of $16,000. Carmona ascertained that the fair market value of this single gemstone was $9,100.Page: Previous 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Next
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