Valuations can be required for several different reasons and this determines the approach the valuer will take. The majority of valuations undertaken by SafeGuard are for insurance and the valuer will calculate the average retail replacement value, based on replacing the item from retail sources. However, sometimes this is not appropriate.Â
Valuer Craig O Donnell had to adopt a very different technique when conducting a valuation for HM Revenue and Customs recently. HMRC were not interested in the retail value but only in the amount which could be realised if a collection of assets were sold.
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SafeGuard Valuer Craig O Donnell[/caption]
Craig therefore had to use an approach normally applied for probate, valuing items at their likely disposal value, assuming they were sold back into the trade second hand. This requires significant experience and knowledge of the market as trends in fashion and demand for brands can influence the price enormously.
If you wouldÂ like to know more about SafeGuard jewellery and silverware valuation services for HMRC, insurance companies ,trading standards, and other official bodies please Tel: 0871 423 7922 or email firstname.lastname@example.org