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.
Course in Valuation Methods for International Auctions — studying from New Zealand
Vehicle restoration and classic engine work in New Zealand is supported by an active enthusiast community and a well-established network of specialist workshops, particularly around the main centres. Historic vehicle registration and compliance fall under the New Zealand Transport Agency Waka Kotahi, and the Vintage Car Club of New Zealand promotes preservation of historic vehicles. Restoration professionals often combine fabrication, engineering and heritage conservation skills.
Fees for New Zealand: NZ$1,280 (New Zealand dollar), with instalments and employer sponsorship available.
Relevant bodies in New Zealand
Typical roles
Questions from New Zealand
Is restoration engineering recognised by a professional body in New Zealand?
There is no specific statutory register for classic vehicle or heritage restoration engineers in New Zealand. Heritage matters can involve Heritage New Zealand Pouhere Taonga, and vehicle roadworthiness is governed by the NZ Transport Agency Waka Kotahi. SEIUM's qualifications are private and not accredited by any national body, so their value depends on the employer or client.
Where do classic restoration specialists work in New Zealand?
Work is found in independent restoration workshops, classic car dealers, museums, and specialist fabrication businesses, many clustered around the main centres. Clients and employers usually judge by workmanship and a portfolio of completed restorations. A private qualification may complement that evidence but is rarely a deciding factor on its own.
Can I study this while running or working in a workshop here?
Yes. The course is fully online and taught in English, so you can study from home in New Zealand without a student visa. Specialist courses total 300 hours, postgraduate diplomas 800 hours and master's programmes 1,900 hours. An assigned technical tutor supports you, and fees can be paid in instalments.
Take the controls.
Run a real engineering trade-off from this field. Move the sliders, watch the model react in real time and beat the challenge.
What you will be able to do
Explain the factors that determine the price of a classic car.
Apply valuation methods based on comparables, cost and income.
Verify the originality, condition and history of the vehicle before valuing it.
Interpret the auction context and its influence on the final price.
Write a clear, reasoned and verifiable valuation report.
Apply ethical principles and independence in valuation.
Value a specific vehicle using real market data.
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.
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)
6 modules · 300 h
1.1Value, price and cost1.2Factors that determine value1.3Rarity, condition, provenance and documentation1.4Reference market models1.5Price data sources1.6Biases in published results1.7National and international market1.8Market timing and cycles1.9Valuation terminology1.10Workshop: valuation sheet for a vehicle
2.1Comparison with recent sales2.2Adjustments for condition and specification2.3Replacement cost method2.4Value of parts versus the whole2.5Valuation of unique vehicles2.6Market indices and their usefulness2.7Value ranges and their justification2.8Uncertainty and its expression2.9Limits of each method2.10Practice: valuation using two different methods
3.1Physical inspection of the vehicle3.2Identity and number verification3.3Checking provenance3.4Restoration history3.5Original and reproduction parts3.6Detection of fraud and reassembly3.7Supporting technical reports3.8Operational tests3.9Photographic documentation3.10Practice: inspection and verification of a lot
4.1Effect of the house and the saleroom4.2Lot order and its effect4.3Estimates and their influence on the buyer4.4Reserve price and its confidentiality4.5Commissions and final price paid4.6Online bidding and its effect on the market4.7Unsold lots and their recording4.8Saleroom purchases versus private sale4.9Honest interpretation of a result4.10Practice: analysis of auction results
5.1Report structure5.2Scope and stated limitations5.3Assumptions and valuation date5.4Comparables used and their justification5.5Photography and appendices5.6Signature and appraiser's qualifications5.7Appraiser's liability5.8Use of the report: insurance, sale and inheritance5.9Confidentiality5.10Practice: drafting a complete report
6.1Appraiser's conflicts of interest6.2Client pressure on the figure6.3Price manipulation and its detection6.4Transparency with buyers6.5Money laundering and warning signs6.6Market trends and their interpretation6.7Continuing professional development for appraisers6.8Common valuation errors6.9Documented real cases6.10Final project: valuation report for a vehicle for auction
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.
Build it end to end
Your final project follows the real engineering workflow, step by step, reviewed by your tutor.
Explain the factors that determine the price of a classic car.
Apply valuation methods based on comparables, cost and income.
Verify the originality, condition and history of the vehicle before valuing it.
Interpret the auction context and its influence on the final price.
Write a clear, reasoned and verifiable valuation report.
Where this takes you
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.
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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