How are antiques, art and jewellery valued for divorce?

Assets such as antiques, fine art, sculptures, jewellery, and watches may have significant financial value, and they also often carry sentimental or emotional significance.  Assets worth over £500 must be disclosed in a party’s Form E, so obtaining an accurate valuation of such objects is extremely important. 

Antiques and art 

Obtaining a reliable valuation of an antique or piece of art will generally require the assistance of an expert in antiques and/or art appraisal. There are various factors which they will have to consider, including an object’s authenticity, condition, and rarity, as well as the artist or maker of the piece, the demand for the item, and any historical or cultural significance attached to the item.  Fluctuations in the global art/antiques market, as well as wide economic shifts, will also affect the valuation. 

An expert may carry out a comparative sales analysis, which means comparing the sale price of similar items to determine a market value. The prices obtained at auctions, galleries, and private sales, will generally be considered. However, carrying out a comparative sales analysis may be trickier when dealing with rare and/or unique pieces. 

Jewellery and watches 

For parties who have high-value watches and/or jewellery collections, an expert valuation can be obtained from an appraiser registered with the Institute of Registered Valuers (IRV). The IRV is regulated by the National Association of Jewellers and is the leading authority of jewellery, watch, and silverware appraisals in the UK. 

Whilst it is possible to obtain cheaper online valuations, these are less reliable as the item itself is not properly inspected and the metals and/or gemstones are not tested or identified. The type of precious metal used, as well as the clarity, size, and colour of any diamonds or other gemstones will affect the value. 

If you are considering or going through a divorce and require advice as to the value of art, antiques or jewellery, contact Vardags today for a free consultation with one of our expert divorce solicitors. 

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