Ken is a graduate of The Certified Auctioneers Institute,
a member of the Pennsylvania Auctioneer Association, The National Association
of Auctioneers, and holds his Certification in General Personal Property
Ken has been an Auctioneer involved with antiques, household
furnishings, estate and insurance appraisals since 1972!
Ken also has a Bachelor of Fine Arts degree from Maryland
Institute College of Arts, where he also participated in Art programs at
the University of Saskatchewan in Canada. Ken sat on the board of directors,
as Vice President, of the Springford Historical Society. Ken was also Chairmen
of Board of Supervisors in South Coventry Township and has helped establish
the South Coventry Township Historic Commission. Ken is also a member of
the Historic Architectural Review Board for South Coventry Township.
Fair Market Value
(Treasury Regulation 20. 2031-2 (b) ): The Fair Market Value is the
price at which the property would change hands between a willing buyer and
willing seller, neither being under any compulsion to buy or sell, and both
having reasonable knowledge of relevant facts. The Fair Market Value of
a particular item of property included in the decedent's gross estate is
not to be determined by a forced sales price. Nor is the Fair Market Value
of an item or property to be determined by the sale price of an item in
a market other than in which such item is most commonly sold to the public,
taking into account location of the item wherever appropriate. Thus, in
the case of an item of property included in the descendant's gross estate,
which is generally obtained by the public in the retail market, the Fair
Market Value of such an item of property is the price at which the item
or a comparable item would be sold at retail.
Ken Reed Auction Company is available to help
you with any of your appraisal needs.
Give a call at 610-970-2890 or E-Mail us at
KenReedAuction@aol.com today to see how we can help you
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