Leonard Joel is the only auction house in Australia with a dedicated Valuations department, offering a broad range of specialist expertise and accurate identification, appraisal and auction of single items and entire collections.
Our Valuations team works alongside institutions, lawyers, insurance professionals, accountants, government bodies and private individuals to provide in-depth knowledge and advice to clients on a range of valuations.
Complimentary verbal valuations are available in our Melbourne and Sydney salerooms by appointment. In addition, we host a complimentary Valuation Evening in Melbourne on the first Wednesday of every month from 5pm and in Sydney, we host a Valuations Day every Tuesday from 10am, by appointment.
Leonard Joel also conducts regular complimentary appraisal days across capital cities and regional areas of Australia.
Private Collections & Estates
Leonard Joel provides a comprehensive valuation and auction management service for Private Collections and Estates with one central point of contact for executors, benefactors and fiduciaries. Our Valuations department works alongside Leonard Joel specialists, marketing and operations teams to provide a seamless experience; from probate and family division valuations through to cataloguing, photography, packing, removal and auction of all items.
Leonard Joel provides written valuations and tailored solutions for Market, Insurance, Probate, Family Law / Matrimonial Division, Loss Assessment, Superannuation, Cultural Gifts and Family Division.
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.
Market value describes 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.
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.
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.
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.
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.
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.
This valuation is for the purpose of giving value of what the item may reasonably expect to realise at auction.
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.