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Need a referral to a most reputable appraisal house for very large collection


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A friend who owns a very large collection has asked for my help to find an established, reputable appraisal company, to appraise all the cars.  I know I can look on line very easily, but wanted to reach out to our community for some suggestions, as well as anyone to avoid.   Any and all information appreciated.  Thank you,  831-238-8235

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Ok, I don’t really have any actual info to help but I can’t help but wonder what is in the collection! 
 With out any shows or meets, I‘m just jonesing for info on what’s outside my barn!

 

Wayne

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Eliminate the middle man and go to a reputable auction company. Let the market decide value versus an appraiser. Buyer data is real. Appraiser, not so much.

 

DGP

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8 hours ago, JD in CA said:

Cars are in Texas, but doesn’t matter where they are, we need a company with a nationwide reputation.  Thank you.


It does matter ...

 

Where the cars are

What the cars are


Different cars have different potential

market interests both regionally within the states and internationally.

 

Any Single Source Seller Representative is only interested in commission and listing fees which may not be in your friend’s best economic interest.

 

Each vehicle has to be individually evaluated as to what is the best approach to market it 

 

Jim

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I would think it would make a difference on why the appraisal is being made, insurance purposes or going up for sale. I don't know, but is it kosher if a car or collection is going up for sale, that whoever does the appraisal buys 1 or more of the cars pre-sale?

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8 hours ago, padgett said:

I'd call Wayne Carini. (860) 342-5705

 

Are you kidding?

 

Location doesn't matter unless we are talking about something of nominal value that doesn't support the right guy getting on a plane.    Also,   if we are taking a decent collection,  you don't want a national brand name that sends a local yokel you want the right guy who can fly in.

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1 hour ago, George Smolinski said:

I don't know, but is it kosher if a car or collection is going up for sale,

that whoever does the appraisal buys 1 or more of the cars pre-sale?

 

No.  An appraiser's offering to buy a car that 

he appraises would be a conflict of interest.

One appraiser's organization even states that

in their code of conduct.

 

"That's a really fine Duesenberg, widow Smith.

I say it's worth $10,000.  Want to sell it to me today?"

 

Edited by John_S_in_Penna (see edit history)
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2 minutes ago, John_S_in_Penna said:

 

No.  An appraiser's offering to buy a car that 

he appraises would be a conflict of interest.

One appraiser's organization even states that

in their code of conduct.

 

"That's a really fine Duesenberg, widow Smith.

I say it's worth $10,000.  Want to sell it to me today?"

 

 

 

100% unethical and it happens all the time.   

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Location should have no bearing at all on value,  it very well may have an effect on where the car is sold. 

I would second talking to on of the larger auction houses for this service. IF they are being appraised for sale, maybe interview a few of the auction houses and shop a deal.

 

 

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No bearing on value? We haven't a clue as to what this collection consists of. If it's a large number of high end, pre-war classics in very nice condition then I'd say location was relatively unimportant. If it's a few hundred rusty pickup trucks from the 50s and 60s then it is very important. Also, if it is a wide ranging collection it is extremely unlikely you can find any appraiser who is qualified to do more than some of them. The guy that knows everything about 50's cars is unlikely to be able to tell a Metz from l Lozier...This is simply not enough information to elicit any kind of rational answer.

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Always interesting to hear of a large collection going up for sale , makes you keen to see what it includes , perhaps some forgotten gem , therefore very frustrating when no details given .

Also bit of a negative approach as posting on here infers the poster accepts and invites the experience of members of this forum, but more information would have helped the members to make informed suggestions.

The potential range of classic cars is great  and their individual worth vastly different .

Therefore making recommendations to help achieve a true market value  can best  be made from a point of good knowledge of the article so as to provide best avenues to follow to achieve same.

 This  may probably vary  depending on the appraisers specialist field knowledge , whether an early brass era specialist or post war collectible specialist or perhaps a  top marque specialist where values are vastly different and would probably as suggested be marketed differently.

With more information the poster would then hopefully  achieve the best advice/responses.

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If for sale, suggest contact auction houses for their help in determining a fair reserve pricing.

If for insurance or estate valuation, then contact a certified appraiser of International Vehicle Appraisers Network.  www.I-van.org

Good experience with a local representative with help on  NY State DMV documentation "project"

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Sounds like the OP has been satisfied, and I dont see any ill intent with the original post. He was seeking advice and got it. No need to divulge if he has a stash of Tuckers or 78 monte carlos. 

 

Just for the sake of discussion, I stand by that location has no effect on the value of the car.  Condition and desirability are the driving factors. If warranted it may be necessary to move the car to a different location to achieve the best sale price but that still has nothing to do with its value.  If youre selling a used pickup truck advertised through a local CL then location does matter. 

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For a Florida resident there is about a $300 difference between a clean Florida title and one from out of state. Considerable effort is also required as car will probably need to be inspected & some DMV offices can have strange requirements depending on the phase of the moon.. Ed can tell you about titling the White.

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2 hours ago, JV Puleo said:

No bearing on value? We haven't a clue as to what this collection consists of. If it's a large number of high end, pre-war classics in very nice condition then I'd say location was relatively unimportant. If it's a few hundred rusty pickup trucks from the 50s and 60s then it is very important. Also, if it is a wide ranging collection it is extremely unlikely you can find any appraiser who is qualified to do more than some of them. The guy that knows everything about 50's cars is unlikely to be able to tell a Metz from l Lozier...This is simply not enough information to elicit any kind of rational answer.

This. I'm an independent appraiser myself and I have zero qualms about telling a client "I have limited, or NO background or experience with X car (or cars) in your collection". It's not even close to worth my fee relative the potential damage to my reputation to try and hack it through on a car I have little experience with. Stressful for me, and not a good value for them. Then I can explain how I can help them with whatever cars they have that I do have requisite expertise in, and in many cases help connect clients with people more knowledgeable than myself to go through the the ones I'm passing on. That's the way it should be done. I've done several 10+ car collections and usually in the mix of those there is a car or three that I don't want to get involved with. Never cost me a sale, clients are happy with the transparency, and I get to admit I'm ignorant about a certain car rather than proving it on paper that somebody else is paying for.   

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1 hour ago, Pilgrim65 said:

If the owner has a stash of tuckers , I imagine he knows he’s sitting on a gold mine , good luck to him .😁

 

Only if the convertible is part of the stash.  Hehehe.

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