The Appraisal Process
Daventry Equine Appraisals abides by a strict code of ethics and rules as established by the Appraisal Standards Board and the American Society of Equine Appraisers, providing a fair and unbiased opinion of most major horse breeds.

In making an equine appraisal, most often a comparable market analysis is used. The market data approach has as its premise the comparison of the subject equine with other equines that have sold in the recent past. From these values of recent equine sales, a composite figure is calculated representing the current (or fair) market value of the subject equine. This value is time sensitive due to economics and trends in the horse industry.

At the client's option, a veterinary exam and statement of the horse's physical condition can be factored into the appraisal. This is especially useful for an older horse or when the value that the client believes the horse to hold does not bear out in the comparable market analysis. Also at the client's option, trainer's statements (either an independent, one-time evaluation or from those trainers that have directly worked with the appraisal subject) can be factored into the appraisal. This is especially useful for a horse with extensive training but limited competitive miles or when the value that the client believes the horse to hold does not bear out in the comparable market analysis.

The End Result
The client is provided with a complete, professional report which contains a full written description of the equine, including photo(s), conformational/gait analysis and a copy of the subject's registration papers with any significant notes about lineage plus show records and other supporting market data to back up the conclusions and valuation. A veterinary exam or trainer's statement may be critical in accurately assessing a horse's current value and would also be a part of the finished report, if the client desires.

Fee Schedule

Restricted Use Appraisal...$250
Used when an owner needs to know a horses net value for insurance or resale. (Subject to additional mileage fees)

Replacement Value Appraisal...$350
Used for insurance purposes to accurately estimate the value of a horse. Can become a key component during an insurance claim. Often includes current and prospective value of the subject. (Subject to additional mileage fees)

Hypothetical Appraisal...$350
In the case of a deceased or lost horse, this appraisal assumes facts that would ordinarily be obtained through the physical inspection of the equine. Usually for federal agencies, police reports, or insurance claims.

Retrospective Appraisal...$300
Involves researching past markets to determine the value of a horse at some specific time in the past. Usually for the IRS or to justify other previously reported values.

Full Summary Appraisal...$450
A summary appraisal report includes extensive research on the horses background, bloodlines, riding discipline, show record, and foal records. A comparable analysis is used to determine the fair market value. These reports are bound and admissible in a court of law and include full color photos. Frequently used for loans, bankruptcies, divorces, tax donations and audits, estate planning and settlements and buying or selling. Most commonly done on a Sales Comparison Basis, similar to real estate. (Subject to additional mileage fees)

Self-Contained Appraisal...$600
Includes extensive research on the horses background, bloodlines, etc. plus a study of the general economic conditions and the horse world as a whole. These reports are bound and admissible in a court of law and include full color photos. This would normally be used in a case that could got to court where high stakes are involved and a very detailed, narrative explanation of how the value was arrived at is needed. This report type is very extensive but infrequently required. (Subject to additional mileage fees)

Expert witness and/or court testimony...$300 per hour (2 hour minimum)
Travel, hotel expenses, etc. must also be covered and is in addition to this fee.

Depositions - $150 per hour, $700 per day

Research related to case, additional analysis, deposition review...$150 per hour

Complex Appraisals involving many horses or litigation...contact us directly for a quote.

Appraisal requiring a rush job (less than one week)...add an additional $100

A deposit of ½ down or $200 is required to begin a summary appraisal. Final payment is required before the report can be sent. Appraisals requiring a rush job (less than one week), or appraisals involving a divorce, dispute or bankruptcy must be paid up-front and in full via cash, direct deposit or money wire transfers only. Normal time required for a full summary appraisal is 2-3 weeks from receipt of pertinent information and deposit.

GST to be added on top of all listed prices for Canadian residents.
Discounts available for multiple horses.