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Performing Complex Auction Appraisals

June 18, 2012

Good news, everyone! Charlie Sheen is auctioning off a behind-the-scenes set tour of his new show “Anger Management.” The proceeds of the auction will benefit the Step Up Women’s Network. Now, how would you assign a value to that tour? What is rubbing elbows with a celebrity worth? Would the potential for bad behavior add to the value or detract from it? Luckily, NEBBI member CMEAs who are involved in auctions will never have to wrestle with questions like these.

That’s not to say that a CMEA performing an auction appraisal has a simple job. There is a bit of research that has to be done and the equipment has to be inspected and if the piece of machinery or equipment is rare or custom-made, there are few or no comparables. In this case, factors like production cost, depreciation schedule, and the value the equipment brings to the company must be considered. However, wouldn’t you choose performing a complex appraisal on a one-of-a-kind piece of machinery over appraising Charlie Sheen any day?

If you’re an auctioneer interested in obtaining the CMEA designation, or if you’re a CMEA interested in getting involved in auctions, contact us to discuss how we can help.

The NEBB Institute endorses and strives to observe the highest standards of professional ethics to preserve the public trust inherent in the professional appraisal practice. The Institute provides initial and monthly comprehensive education, ongoing support, and a dynamic international network, and certifies professionals in the art of machinery/equipment appraisal and brokerage.

By: NEBB Institute

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