Use this procedure when placing a financial valuation on objects, whether your own or borrowed. This is normally for Insurance and indemnity purposes, but might also be done before acquiring objects by purchase. Apart from these collection management reasons, it is normally considered unethical to put a commercial value on collections, particularly in the context […]
Documenting the financial value of objects, whether your own or borrowed.
This is the Spectrum standard for Valuation. It includes policy questions and sets out the minimum requirements you should aim to meet however you put this procedure into practice.
This suggested procedure shows how you might meet the Spectrum standard for Valuation. It is presented in two formats: text and workflow diagram. They are meant to be starting points for you to adapt to the needs of your own museum.