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CourseRestoration & Classics Applications open

Course in Valuation Methods for International Auctions

Online 300-hour course in valuation methods for international auctions. 6 modules covering International Valuation Standards (IVS, IVSC), RICS Valuation – Global Standards (Red Book) and advanced Excel. Assigned tutor and open enrolment.

Duration300 h
ModeOnline
LanguageEnglish
Start datesSet by the faculty
AwardSEIUM Institute certificate
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Learning outcomes

What you will be able to do

01

Explain the factors that determine the price of a classic car.

02

Apply valuation methods based on comparables, cost and income.

03

Verify the originality, condition and history of the vehicle before valuing it.

04

Interpret the auction context and its influence on the final price.

05

Write a clear, reasoned and verifiable valuation report.

06

Apply ethical principles and independence in valuation.

07

Value a specific vehicle using real market data.

Profile

Who it's for

  • Classic vehicle appraiser who wishes to specialise in Valuation Methods in International Auctions.
  • Automobile department specialist at an auction house who wishes to specialise in Valuation Methods in International Auctions.
  • Insurance assessor who wishes to specialise in Valuation Methods in International Auctions.
  • Collectibles investment adviser who wishes to specialise in Valuation Methods in International Auctions.
  • Classic market analyst who wishes to specialise in Valuation Methods in International Auctions.
  • Private collections manager who wishes to specialise in Valuation Methods in International Auctions.
  • Graduates in engineering or sciences seeking to enter auction houses.
Standards & tools

What you'll work with

  • International Valuation Standards (IVS, IVSC)
  • RICS Valuation – Global Standards (Red Book)
  • USPAP (Uniform Standards of Professional Appraisal Practice)
  • FIVA Technical Code
  • UNE-EN 16095 (registration of the condition of movable property)
  • Law 10/2010 (prevention of money laundering)
Syllabus

6 modules · 300 h

  1. 1.1Value, price and cost
  2. 1.2Factors that determine value
  3. 1.3Rarity, condition, provenance and documentation
  4. 1.4Reference market models
  5. 1.5Price data sources
  6. 1.6Biases in published results
  7. 1.7National and international market
  8. 1.8Market timing and cycles
  9. 1.9Valuation terminology
  10. 1.10Workshop: valuation sheet for a vehicle
  1. 2.1Comparison with recent sales
  2. 2.2Adjustments for condition and specification
  3. 2.3Replacement cost method
  4. 2.4Value of parts versus the whole
  5. 2.5Valuation of unique vehicles
  6. 2.6Market indices and their usefulness
  7. 2.7Value ranges and their justification
  8. 2.8Uncertainty and its expression
  9. 2.9Limits of each method
  10. 2.10Practice: valuation using two different methods
  1. 3.1Physical inspection of the vehicle
  2. 3.2Identity and number verification
  3. 3.3Checking provenance
  4. 3.4Restoration history
  5. 3.5Original and reproduction parts
  6. 3.6Detection of fraud and reassembly
  7. 3.7Supporting technical reports
  8. 3.8Operational tests
  9. 3.9Photographic documentation
  10. 3.10Practice: inspection and verification of a lot
  1. 4.1Effect of the house and the saleroom
  2. 4.2Lot order and its effect
  3. 4.3Estimates and their influence on the buyer
  4. 4.4Reserve price and its confidentiality
  5. 4.5Commissions and final price paid
  6. 4.6Online bidding and its effect on the market
  7. 4.7Unsold lots and their recording
  8. 4.8Saleroom purchases versus private sale
  9. 4.9Honest interpretation of a result
  10. 4.10Practice: analysis of auction results
  1. 5.1Report structure
  2. 5.2Scope and stated limitations
  3. 5.3Assumptions and valuation date
  4. 5.4Comparables used and their justification
  5. 5.5Photography and appendices
  6. 5.6Signature and appraiser's qualifications
  7. 5.7Appraiser's liability
  8. 5.8Use of the report: insurance, sale and inheritance
  9. 5.9Confidentiality
  10. 5.10Practice: drafting a complete report
  1. 6.1Appraiser's conflicts of interest
  2. 6.2Client pressure on the figure
  3. 6.3Price manipulation and its detection
  4. 6.4Transparency with buyers
  5. 6.5Money laundering and warning signs
  6. 6.6Market trends and their interpretation
  7. 6.7Continuing professional development for appraisers
  8. 6.8Common valuation errors
  9. 6.9Documented real cases
  10. 6.10Final project: valuation report for a vehicle for auction
Methodology, software & labs

How you'll learn

100 % online training on the SEIUM campus, with downloadable material, recorded lectures and an assigned technical tutor. No fixed timetable: students progress at their own pace within the intake, making it possible to combine with work.

Each module combines theory, guided reading of the original standard and applied exercises. The working software is Advanced Excel, Hagerty Valuation Tools, Classic.com, Power BI, in free, academic or evaluation versions. Practical work covers real procedures for inspecting and verifying a lot, analysis of auction comparables and drafting a valuation report. Assessment is continuous per module plus the final integrating project.

Accreditable laboratories(EN ISO/IEC 17025) with rotor bench, EMC/Lightning pre-compliance, HIL/SIL, vibration/acoustics.
Evidence-oriented Master's Thesis:safety case, test plan, compliance dossier and operational limits.
Industry-mentored:lecturers with experience in training, , eVTOL/UAM and flight test.
Flexible format(hybrid/online), international cohorts and support from SEIUM Career Services.
Ethics and safety:safety-by-design approach, ciber-OT, DIH and compliance as pillars.
Capstone project

Build it end to end

Your final project follows the real engineering workflow, step by step, reviewed by your tutor.

Conflicts of interest of the appraiser

Explain the factors that determine the price of a classic car.

Client pressure on the figure

Apply valuation methods based on comparables, cost and income.

Price manipulation and its detection

Verify the originality, condition and history of the vehicle before valuing it.

Transparency with buyers

Interpret the auction context and its influence on the final price.

Money laundering and warning signs

Write a clear, reasoned and verifiable valuation report.

Career opportunities

Where this takes you

Classic car appraiserAutomobile department specialist at an auction houseInsurance assessorCollectibles investment adviserClassic market analystPrivate collections manager
Admissions & scholarships

Requirements

  • No prior degree required.
  • Internet connection and a computer capable of running the programme's software.
  • Sufficient Spanish to follow technical regulatory texts.

Ready to start?

Send your application today. Our admissions team replies within 72 hours with your study plan and funding options.

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FAQ

Frequently asked questions

The programme totals 300 hours spread over 3 to 5 months. That is an average of 10 to 15 hours per week, compatible with a full-time job.

You work with Advanced Excel, Hagerty Valuation Tools, Classic.com and Power BI. Free, academic or evaluation versions are used, and the tutor indicates the free alternative where one exists.

An SEIUM diploma upon passing the continuous assessment and the integrating project. It is in-house training, not an official Ministry qualification.

Yes. Modules passed in a course or postgraduate diploma in the same area are credited towards the advanced programme. Check the recognition policy when you enrol.

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