Auction appraisal standards and reports

Whether it's a car auction, furniture auction, industrial auction, machinery auction or any other type of auction, our appraisal division works hard to keep current on all appraisal standards. We work with you to identify your exact requirements. Once you have defined the intended use of the appraisal,  we apply these standards to develop an opinion of the relevant value. That's why Corporate Auctions has earned the trust and confidence from the smallest to the largest and most noted asset based lenders, commercial banks, accounting and law firms.

You get the auction appraisal and report that you need

We work with you to determine the scope of work for each appraisal project. We advise you regarding levels of risk, and allow you to make intelligent decisions based on your needs, and those of your clients.

Complete Appraisal: a detailed equipment listing with individual values, aggregate value totals, full narrative report including all limiting conditions, critical assumptions, definitions of values, approaches to value, representative photographs, and research bibliography, conducted. Details including Normal Useful Life (NUL), Effective Age (EA) and Remaining Useful Life (RUL) are noted and considered for each piece of major equipment, with weighted averages applied to remaining ancillary assets.

Walk through Appraisal: an appraisal where the appraiser inspects the assets on a cursory basis, concentrating on those assets that collectively represent the majority of the aggregate value. Pertinent information regarding equipment condition, ease of removal, EA and RUL are noted and considered on a general basis. The report does not contain a detailed equipment listing or individual values.

Desktop Appraisal: an appraisal of limited scope whereby the appraiser estimates the value of the equipment from his desk with only a listing supplied to him, and without benefit of a physical inspection of that equipment. Critical assumptions are made as to condition, age, location, physical appearance, ease of removal, and other pertinent factors that may affect value.

We Know the Meaning(s) of the Word "VALUE"

Fair Market Value: the estimated amount, expressed in terms of money, that may reasonably expected for a property in an exchange between a willing buyer and a willing seller, with equity to both, neither under any compulsion to buy or sell, and both fully aware of all relevant facts, as of a specified date.

Fair Market Value (removed): fair market value considering the cost of removal of the property to another location..

Fair Market Value (in continued use): fair market value including all normal direct and indirect costs such as installation and other assemblage costs to make the property fully operational, provided that the business earnings support the value reported

Orderly Liquidation Value: the estimated gross amount, expressed in terms of money, that could be typically realized from a liquidation sale, given a reasonable period of time to find a purchaser (or purchasers) with the seller being compelled to sell on an as-is, where-is basis, as of a specified date.

Forced Liquidation/Current Auction Value: the estimated gross amount, expressed in terms of money, that could typically be realized from a properly advertised and commercially reasonable public auction, with the seller being compelled to sell with a sense of immediacy on an as-is, where-is basis, as of a specified date.