Palatium Auctions®, Appraisal and Estate Service offers a Credentialed Service to Evaluate Personal Property Assets.
618-233-1000 //314-690-1978 firstname.lastname@example.org
We offer a broad range of dependable, thorough and confidential services to Private Clients, Executors, Banks, Trust Departments, CPA's and Law Firms
Palatium helps personal and institutional clients establish fair market value for their collections. These values may be used for trust valuation, insurance, charitable donations or collateral loans. A final appraisal will be provided USPAP Compliant andinclude descriptions and photgrsphic record of each item as researched by our staff.
Estate Planning and Settlement
Palatium Auctions® will assist personal clients, executors and fiduciaries in the area of estate planning or settlement by appraising and quantifying all aspects of personal property. Should a sale be considered, Palatium offers a comprehensive marketing plan along with dedicated specialists to manage the project. We offer many options for our clients, including live and online auctions, seller protected reserved, buy it now and timed reverse auction sales.
Our goal is to get the highest price for our client. This is why we practice compensated cooperation where we proactively share fees 100 percent with outside brokers that bring registered buyers. Our distribution channel for assets is the entire auction community. That’s the key to driving up the value of the assets. When assets get maximum exposure, the market place becomes more competitive. This delivers more bidding, causing sell prices to increase which benefits the Seller client.
The entire staff at Palatium Auctions® will work conscientiously toward realizing the greatest return on your consignments.
The Difference between an Auction Estimate and an Appraisal
An appraisal is a formal valuation generally used for estate, tax, insurance, charitable contribution or loan purposes. An auction estimate is the price range that our specialists feel your particular item will bring at auction (e.g. $500-700).
All appraisals are prepared in conformity with and are subject to the standards and requirements set forth in the National Auctioneers Association, NAA, Code of Ethics and Graduate Personal Property Appraiser GPPA Report Writing Standard. In addition, appraisals are required to conform to The Appraisal Foundation's Uniform Standards of Professional Appraisal Practice (USPAP).
The IRS now requires an appraisal for non cash charitable contributions in excess of $5000. Such appraisals must be completed by an appraiser with a designation from a recognized professional appraiser organization such as NAA or by a specialist in the area being appraised. Consultations and Brokerage services available.
To include your item in one of our upcoming auctions, you can do one of the following.
- Give us a call at 618.233.1000 and send pictures, descriptions and provenance by email, fax or US Mail.
Call for an appointment and bring the item to us for evaluation. If you have a large collection, it may be possible to visit your location.