Putting a value on the artefact/museum/archival collection

Hi Catriona,

I began a valuation process of an art, museum and archives collection with identifying the high value art works, then objects and will follow on with other items. I have used Dunbar Sloane, registered valuers, who provide a good service with various specialists (there are other valuers and auction houses that also offer a professional service). They will provide a written certification, for both market and insurance values. Market value is what they would pay you for the item and insurance value is what you would need to pay to replace the item (even if it isn't replaceable). It is not cheap to do valuations so identify the high value items first. You may have a benchmark of valueing items or a series of items over $2,000 or half that ) I suggest doing it in stages and also start looking at auction catalogues to get an idea of auction prices for similar items. It doesn't take long to build up a reasonable working knowledge on the subject to make rough estimates and use professional valuers for the higher value items. You can buy catalogues for around $10 each. Hope this helps. Pauline Porteous (contact me by telephone if you want to discuss further. 04 4981442)

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Helen McLaughlin November 7, 2011 at 1:55pm

Hi Catriona,

We frequently have items and occasionally entire collections valued. A good place to start would be the Tax Incentives for the Arts, or the Cultural Gifts website http://www.arts.gov.au/cgp

While this is specifically aimed at institutions registered for the program and donors, there are lists of registered valuers according to specialty on the site.
- Catriona Banks > Helen McLaughlin November 7, 2011 at 1:56pm
  
  Thanks Helen!
- Pauline J Porteous > Catriona Banks November 11, 2011 at 8:33am
  
  Hi Catriona,
  
  I began a valuation process of an art, museum and archives collection with identifying the high value art works, then objects and will follow on with other items. I have used Dunbar Sloane, registered valuers, who provide a good service with various specialists (there are other valuers and auction houses that also offer a professional service). They will provide a written certification, for both market and insurance values. Market value is what they would pay you for the item and insurance value is what you would need to pay to replace the item (even if it isn't replaceable). It is not cheap to do valuations so identify the high value items first. You may have a benchmark of valueing items or a series of items over $2,000 or half that ) I suggest doing it in stages and also start looking at auction catalogues to get an idea of auction prices for similar items. It doesn't take long to build up a reasonable working knowledge on the subject to make rough estimates and use professional valuers for the higher value items. You can buy catalogues for around $10 each. Hope this helps. Pauline Porteous (contact me by telephone if you want to discuss further. 04 4981442)

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