, condition within a reasonable length of time in an appropriate and relevant market] Fair Market Value: Estate Tax & Planning, Charitable Contribution; Fair Market Value (FMV) is the price... and regulations and publications. However, application of Fair Market Value has been specified and modified by various court decisions. For a complete discussion of these decisions... see Art Law: The Guide for Collectors, Investors, Dealers and Artists. Marketable Cash Value: Resale, Marital Dissolution; The value realized, net of expenses, by a willing seller...