Recipient brief
A written record of the report’s intended use, user, value basis and date.
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Purpose-specific report
Watch appraisal for a named purpose and recipient.
Maison Montres helps define a watch appraisal brief around the person or organisation that will use the report. Start with the intended purpose, effective date and recipient's requirements. Confirm the inspection, report format and qualified signer before commissioning the work.
— Commissioning checklist
Confirm these requirements before paying for a report.
| Requirement | Confirm before commissioning |
|---|---|
| Intended recipient | The named person or organisation that will use the report. |
| Intended use | The decision or submission for which the report is required. |
| Relevant jurisdiction | The jurisdiction and applicable recipient requirements. |
| Value basis | The definition of value the recipient expects. |
| Effective date | The date to which the opinion must apply. |
| Required inspection | The physical access, examination and records needed. |
| Signer qualifications | The qualifications and independence the recipient requires. |
| Report format | The required structure, supporting material and delivery format. |
| Acceptance process | Who confirms suitability and whether prior approval is required. |
Inspection requirements
The access, evidence and qualified specialist required for the proposed scope.
Report specification
The format, signatory requirements and acceptance process to confirm before commissioning.
If the required signer, inspection or report standard cannot be provided, the scope should be declined or referred to an appropriate professional. See the engagement boundaries.
— Distinction
Watch appraisal or valuation: which do you need?
| Work | Primary use | Required definition |
|---|---|---|
| Current market valuation | Support a present acquisition, sale or collection decision. | Decision, market, currency, value date, evidence, assumptions and estimate. |
| Purpose-specific appraisal | Provide a written opinion to a named intended user for a stated purpose. | Recipient requirements, value basis, scope, inspection, standard, qualifications and report format. |
A valuation may be one input to an appraisal, but the two terms are not interchangeable. Replacement cost, fair market value, market value and expected net proceeds are also not interchangeable. The required basis must be written in the engagement and report.
— Process
How is a purpose-specific appraisal prepared?
01
Purpose
Name the intended use, intended user, jurisdiction and effective date.
02
Requirements
Confirm basis, standard, format, inspection and signer criteria, then define the scope.
03
Examine
Identify and inspect the watch to the depth required by the agreed purpose.
04
Analyse
Research the defined market, apply the stated method and test material assumptions.
05
Report
State the conclusion, support, assumptions, limiting conditions and responsible signer.
— Report contents
What should a watch appraisal report include?
The report should identify the client, intended user, purpose, property, effective date and value basis. It should state the scope of work, inspection completed, information sources, market evidence, method, conclusion and currency.
It should also disclose assumptions, limiting conditions, material uncertainty, conflicts, third-party specialist input and the qualifications of the person responsible for the opinion. A photograph-only report must say so. Authentication or provenance work is included only when the scope says it is.
The appraisal remains tied to its effective date and purpose. Recipient questions or a material change in facts may require clarification, an update or new work.
— Next steps
Commission the report the recipient needs.
For a market estimate for your own decision, consider valuation. Identity questions may need authentication review. Read the insurance evidence guide, inherited collection guide or family-office support page when those contexts apply.
— Appraisal questions
Watch appraisal, defined before delivery.
Purpose and recipient requirements control the scope.
Will an insurer accept the report?
Acceptance depends on the insurer's requirements and the report supplied. Obtain those requirements first. Do not assume a general market estimate is sufficient.
What if I only need a current market range?
A watch valuation may fit that decision. Explain whether the number is for a buying or selling decision, or whether a third party requires a formal report.
Does a watch appraisal require physical inspection?
It depends on the purpose and recipient's requirements, but physical inspection is often necessary when identity, condition, originality or mechanical evidence can affect the conclusion. If inspection is not performed, the report must state that fact and the resulting limit.
What must be confirmed before an appraisal begins?
Confirm the intended use and recipient, jurisdiction, effective date, value basis, required inspection, report format, applicable standard, signer qualifications, delivery requirements and any conflict or independence conditions. These points belong in the written scope.
Can an old appraisal be reused for a new purpose?
Not without review. The value date, market, watch condition, records, ownership context and recipient requirements may have changed. A report prepared for one purpose should not be represented as suitable for another unless the new recipient confirms it.
— Required first step
Bring the recipient's requirements.
Send the intended purpose, recipient, jurisdiction, value basis, format and qualification criteria. We will confirm whether the requested scope can be accepted.
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