Leonard Joel

Valuations: Procedures & Information

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Whats it worth? Ask the experts. Complete valuation and identification expertise.

At Home, at the Office, In Situ or at our Premises, Leonard Joel can value anywhere. With our newly established Valuations Department we have the expertise and knowledge to value your items for any purpose. To find out more click here.


VERBAL APPRAISALS

Verbal market valuations are conducted onsite by appointment on Mondays and Fridays between 9am – 4pm at Leonard Joel. This verbal valuation service is complimentary and clients are provided with an estimate of what item/s are expected to realise at auction. There is no obligation to consign goods.

We can also visit you and provide a verbal work through service to assist you in understanding what everything might be worth. (Charges apply).

WRITTEN APPRAISALS

Written valuations for Market, Probate, Superannuation and Insurance are charged at an hourly rate of $220, with a minimum charge of $110. The fee includes an inventory and two typed valuations provided within 10 working days of the appointment. Photographs of items may be included in the report as requested or when required. We are happy to conduct written valuations at our premises or in situ, coming to your home or secure setting of choice. Please note travel fees may apply.

Matrimonial Valuations require a joint letter of instruction to be received before appointments can be arranged. Matrimonial valuations are charged at an hourly rate of $550, with a minimum charge of one hour. This fee includes two typed valuation reports provided within 10 working days of the appointment. Matrimonial valuations require prepayment. To learn more about our Valuations Department click here.

ONLINE APPRAISALS

To obtain a complimentary on line market appraisal please click here.

Types of Valuations

Establishing what type of valuation you need and for the purpose required is fundamental to the valuing process. Leonard Joel can assist you with understanding your requirements. The following types of valuations can be performed.
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MARKET – The value of an item when selling on an open secondary market. It is based on our professional opinion of what the item may reasonably expect to realise at public auction.

INSURANCE – The full cost, including GST, to either replace an item in the condition as sighted with a similar item or the cost to have that item manufactured or remade in the current retail market.

PROBATE – The value of an item which can be realistically achieved on a second hand market. It is used and required for deceased estates so that probate may be granted.

FAMILY DIVISION – To value an item for the purpose of establishing a fair market price on an open secondary market. This type of valuation is used in estate planning.

MATRIMONIAL – The value required by the courts for the purpose of matrimonial settlement. This is a market value allowing for appropriate marketing and without time restraints of what is fair and reasonable in a second hand market if a price needed to be realised.

LOSS ASSESSMENT– The value of an item after it has been lost. The item is appraised from either photograph or a previous valuation and is the retail replacement value.

SUPERANNUATION – This valuation is for the purpose of giving value of what the item may reasonably expect to realise at auction.

CULTURAL GIFTS – This valuation is for the purpose of gifting an item to an institution.  We are currently able to assist with art work for the Cultural Gifts Program for the Australian Government.

CONTACT US

Please contact the Valuations Department to discuss your valuation requirements.
Caroline Tickner, Head of Valuations Department
caroline.tickner@leonardjoel.com.au | 03 8825 5638