1.
What can I expect from the
valuation?
2. How
long will a valuation exercise take?
3. What
can I have valued?
4. What
are the wealth tax implications if I have my collection valued?
5. Who
will undertake the valuation?
6. How
can I ensure that the valuation is kept up to date?
7. How
much will it cost?
8. How
will I ensure confidentiality?
9. How
should I proceed?
1.
What can I expect from the valuation?
Each item in a collection is individually catalogued, valued and
numbered. The catalogue description will include, where possible,
attributions and dates as well as full descriptions and most items
are individually listed, although the most modest items will be
grouped together. Thus, a valuation exercise will organize your
collection.
The
completed inventories are provided in hard copy and on Compact
Disk. More elaborate bound inventories, including images can be
provided upon request.
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2.
How long will a valuation exercise take?
A valuation can take anything from a few days to a couple
of months, depending on the size of your collection. Usually,
valuation of a collection of paintings takes less time than one
of Works of Art.
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3.
What can you value?
Bowring’s will value virtually any form of art
including Paintings, Furniture, Silver, Armour, Jewellery, Clocks
and Watches, Glass, Ceramics, Japanese and Chinese art and even
old Books, Carpets and Textiles. It is important to note however,
that Bowring’s do not work with Miniature Paintings, Indian
Bronzes or Stone Sculptures, Ivory or any other Animal Trophies
and Shahtoosh.
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4.
What are the wealth tax implications if I have my collection valued?
Contrary to popular belief, in India the implications
of wealth tax in this area are not significant. Bowring’s
can provide professional advice on this subject, based on the
nature of your collection.
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5.
How can I ensure that the valuation is kept up to date?
Once the initial valuation has been completed, you can
take out a rolling contract to update the values, usually every
other year.
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6.
Who will do the valuation
Specialist Experts with specialised knowledge of the
type of articles to be valued, who are either employed or retained
by Bowring’s, carry out the valuations. It will not be unusual
for three or more experts to be involved in the process.
Click here
to read more about our specialists
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7.
How much will it cost
Our valuations are carried out on the basis of a daily
rate, which varies depending on the number and type of items in
the collection and therefore the number of experts involved. Before
commencing we will ensure that you have a clear idea of the likely
cost. The standard fee for a written evaluation is Rs 30,000 per
day and any expenses. A valuation with intention to sell through
Bowring’s is generally conducted free of cost.
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8.
How will I ensure confidentiality
Details of Bowring’s valuations are kept in a locked
document store and for added security the details of the owner
and his address are kept separate to the main data, and are linked
by a code.
Moreover, Bowring’s maintain complete confidentiality on
any project undertaken and will not proactively initiate any publicity
/ discussion on the subject, unless otherwise instructed by you.
In addition, our staff, at all times, is bound by contract to
maintain absolute secrecy and discretion on matters pertaining
to client confidentiality. We assure you that Bowring’s
will respect your wishes and will act in your interest at all
times.
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9.
How should I go about this?
Please contact us at any of our offices and talk to any of our
staff who will put you on to the correct people. Following a few
preliminary discussions, we will arrange for the relevant experts
to visit the location of your collection.
Click
here
to contact us
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