Consignment Auctions

Appraisals & Valuations

The appraisal process is the first step in evaluating assets. There are specific needs for the appraisal. We will assist in this function both quickly and effectively. Our appraisal team will either visit the prospective client location or request that smaller items be brought to our facility. Appraisals for example are required for insurance purposes, an estate valuation or in a corporate situation due to a bankruptcy, foreclosure, overstocking, or leasing abandonment.

All our appraisals are compliant with the standards and ethics as set forth by the CPPA Group (Canadian Personal Property Appraisal Group). There are various situations that a client may request for which are noted.
Replacement Cost Value - An appraisal for insurance purposes is an evaluation based on replacement value: the cost of replacing a particular item with another similar object in the event of loss or damage.
 

Estate Planning

An inventory of your property for the estate executor. We are fully equipped to help both professional and first-time executors through every step of the appraisal, auction and settlement process and can assist in liquidating the contents of any estate.

Fair Market Value

The price your property would realize in the current market. A "Fair Market Value" appraisal may be required by Canada Customs and Revenue Agency for both estate tax purposes and for charitable donations. CCRA defines "Fair Market Value" as "the highest price available, estimated in terms of money, which a willing seller may obtain for the property in an open and unrestricted market from a willing, knowledgeable purchaser acting at arm's length". In most cases, prices achieved at public auction fit this description.

Liquidation Value

A professional opinion of the estimated most probable price expressed in terms of cash in dollars to be realized for property in an exchange when there is a financial situation or other limiting circumstances, existing at the time of the sale as to require a sacrifice.

Going Concern

The values obtainable for the assets through private negotiations between a willing buyer and a willing seller on a total entity basis in order to continue operations in place, over an acceptable period of time.

Market Value

A professional opinion of the estimated value to be realized for the property as installed for intended use, in an exchange between a willing buyer and willing seller, nether, being under a compulsion to buy or compulsion to sell, with both parties aware of the relevant facts, as of the effective date of the appraisal. Note: Market Value - In Place does not normally take into consideration leasehold improvements unless they are specifically related to the function of a particular piece of equipment.

Our rates are competitive and reflect industry standards. They are based on a flat hourly or daily rate per specialist, plus travel expenses