A complete certified-format appraisal over a Sable Reserve: 364 records, six bases, every derivation, the evidence grade per lot, the comparable sales behind each reference, and the four lots carried at cost because nothing has ever traded. No form, no account, no trial clock. Open it and read it end to end.
Intended use, intended users, basis, effective date and the extraordinary assumptions — all stated before any figure appears, which is the part that makes it defensible.
Methodology
How a 750ml reference becomes a lot value: format, condition, provenance and OWC, in the order applied, with the multiplier tables printed rather than summarised.
The schedule, lot by lot
Fifty-six lots with the reference, every adjustment, the value on all six bases, the evidence grade, and the comparables behind it by venue and date.
The refusals
Four lots carried at cost because nothing comparable exists, excluded from every market total and listed as such on the face of the document rather than in an appendix.
Limiting conditions
What the document does not claim, written plainly. Read this section first if you have commissioned an appraisal before — it is where the quality shows.
The certification page
Unsigned, and it says so. Add a credentialed appraiser and the certification block appears.
