Problematic Issues of Estimation of Historical and Cultural Monuments Cost

Abstract

The forthcoming transfer in the foreseeable future of the building-monument of the World Historical and Cultural Heritage, which is under the protection of UNESCO, the St. Isaac’s Cathedral in St. Petersburg under the jurisdiction of the Russian Orthodox Church, caused numerous discussions and notable confrontations in Russian society. The cathedral is part of the State Museum Complex, it is the pearl of the world’s iconic architecture, it is the most visited museum after the Hermitage, has an outstanding exhibition potential, and it regularly hosts church services and ritual departures. Museum collections exceed twenty-four thousand items of storage, and they continue to be replenished with found rarities and newly restored objects with the status of a relic to be protected. It is generally accepted that with the protection of museum collections and the preservation of monument buildings, the situation in the country is extremely unsatisfactory. In this case, there are not even approximate estimates of the market value of the object of research in the form of a monument-building St. Isaac’s Cathedral with the occupied land plot, not to mention the reliable insured value of the assessed object, so necessary for compensation of damage and losses in the event of a catastrophe, fire and other spontaneous insurance Of cases. The article is devoted to the professional appraisal of the insured value of the research object from the series of publications of co-authors that was launched earlier.

Keywords

• building-monument
• land plot
• improvement / betterments
• estate
• real estate
• property
• property value
• constructive element
• ineradicable functional wear
• insurance value