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APPRAISALS

Leonard Auction has provided our comprehensive and certified appraisal services to banks, law firms, trust and estate professionals, heirs and private clients. Our appraisers are members of the International Society of Appraisers (ISA) and the Certified Appraisers Guild of America (CAGA). Our thorough reports contain extensive research and information that have earned Leonard Auction the highest reputation for integrity and timely service.

Leonard Auction’s team of specialists and professional staff bring years of experience to each appraisal ensuring that you have a complete and reliable report. Our reports are compliant with the latest Uniform Standards of Professional Appraisal Practice (USPAP) to ensure that the report meets or exceeds the Internal Revenue Service (IRS) guidelines of a “qualified appraisal.”  More information regarding IRS appraisal regulations may be found at the Appraisal Foundation.

Fees for these appraisals are based on the time and number of specialists required to evaluate the property. We welcome the opportunity to provide assistance with your appraisal needs.


APPRAISAL USES



Insurance Coverage

An appraisal is used to determine the appropriate amount of insurance coverage for an antique or collectible based on replacement value.

IRS & Estate Tax Liability

An appraisal is used to determine the fair market value (as defined by the IRS) for estate tax and other liabilities.

Buying & Selling

An appraisal is used to determine the fair market value when buying or selling an antique or collectible item or collection.

Equitable Distribution

An appraisal is used to settle divorce or estates for fair distribution of personal property based on fair market value.

Charitable Donations & Gifts

An appraisal is used to determine the fair market value of an antique or collectible donated to a charity or gifted to an institution.

Casualty & Loss

An appraisal is used to determine the replacement value of an antique or collectible that has been lost or damaged.