Fair market value can be defined as the price at which a willing purchaser will pay a willing seller, neither being under any obligation and both having reasonable knowledge of all the relevant facts, within a common marketplace such as an auction, at a certain period in time. Fair market values differ significantly from retail replacement values that are usually done for insurance purposes. These appraisals reflect the hypothetical price a retailer¬† might charge to custom-make or duplicate an item during a period of time. Often these appraisals are well above jewellers‚Äô current stock prices.
The first step in the auction process is to obtain an estimate of what an item might bring at auction, or its fair market value. This information is provided within the context of an initial consultation with one of Dupuis’ jewellery specialists. There is no charge or obligation for this consultation when you come to us at our office or during regular valuation visits to your city. In any case, an appointment is recommended.
If circumstances warrant, we can arrange a special visit to examine your jewellery at your home, bank or place of business in any Canadian city. The minimum fee is $500 plus any direct travel expenses. The fee is refundable upon subsequent sale with Dupuis within one year.
TRUST AND ESTATE SERVICES
Dupuis’ experienced staff provides a valuable confidential service for professional clients, executors, trust officers, accountants, and lawyers for the appraisal and disposition of jewellery collections. Our experts are able to assist with decisions related to the evaluation and disposal of personal effects of value for estate tax, estate planning, charitable donation, gift tax and insurance purposes. Utilizing the utmost in professionalism and confidentiality, we aim to make the process as convenient and seamless as possible.
Dupuis jewellery specialists will offer a preliminary review of inventory and provide detailed appraisals for estate planning or estate tax purposes. We can identify high value items and offer insured secure storage throughout the valuation process. In the event that a sale is considered, we would be pleased to provide any pertinent information regarding the marketing and sale of the property. Upon consignment, our staff will assist you every step of the way, including an itemized receipt, complimentary catalogues, shipping arrangements (if required), reporting the prices realized for each lot after the auction and providing a detailed statement with payment of your proceeds.
To arrange a confidential appointment, please call 416-968-7500 or 1-800-879-8975.