Whats it worth? Ask the experts!
As the only auction house in Australia with a dedicated Valuations Department, we have the expertise and knowledge to value your items at Home, at the Office, In Situ, at our Premises in Melbourne and Sydney and during our regular, interstate Valuation Days.
The first of our Centenary Valuation Days took place in Adelaide on Wednesday 13 February. Stay tuned for news on more interstate Valuations this year.
Leonard Joel hosts Valuations Evenings the first Wednesday of every month, from 5pm-8pm at our Melbourne premises in South Yarra.
This service is complimentary and you will be provided with a verbal appraisal of what the item/s would be expected to achieve at auction. There is no obligation to consign items to auction and no appointment is required.
Verbal market valuations are conducted onsite by appointment on Mondays and Fridays, 9am-4pm at Leonard Joel Melbourne and from Tuesday-Friday, 10am-4pm at Leonard Joel Sydney.
This service is complimentary and clients are provided with verbal appraisal of what the item/s would be expected to realise at auction. There is no obligation to consign items to auction.
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 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 obtain a complimentary on line market appraisal please click here.
Types of Valuations
Establishing what type of valuation you need is fundamental to the valuation process. Leonard Joel can assist you in understanding your requirements. The following types of valuations are offered:
MARKET – The value of an item when selling on an open secondary market. This 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.
Please contact the Valuations Department for advice or to discuss your requirements.
Caroline Tickner, Head of Valuations | firstname.lastname@example.org | 03 8825 5638