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 Appraisers Association of America (AAA). 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.”
Fees for appraisals are generally billed on an hourly basis at $250 per hour with travel time billed at half rate.
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.
An appraisal is used to settle divorce or estates for fair distribution of personal property based on fair market value.
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.