Master’s in Appraisal, Valuation and Collection Management
Online master's programme of 1,900 hours in appraisal, valuation and collection management for collector vehicles, with 12 modules covering valuation principles, the collector car market, authentication, condition assessment, valuation methods, provenance, appraisal reports, insurance, wealth management, taxation and digital tools, with an assigned technical tutor.
Master’s in Appraisal, Valuation and Collection Management — 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$17,700 (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
Apply international valuation standards to collector vehicles.
Analyse the market and its data sources.
Authenticate vehicles and verify their provenance.
Assess condition and originality using objective criteria.
Value assets using comparables, cost and statistical models.
Write professional appraisal reports.
Manage collections using wealth-management and tax criteria.
Who it's for
- Collector vehicle appraisers.
- Classic car insurance assessors.
- Collection investment advisers.
- Auction house specialists.
- Private collection managers.
- Family wealth consultants looking to add collector vehicles to their advisory work.
- Engineering or science graduates seeking to work with auction houses.
What you'll work with
- International Valuation Standards (IVS)
- RICS Valuation – Global Standards (Red Book)
- FIVA Technical Code (historic vehicle classification and originality)
- Hagerty Valuation Tools
- CollectiveAccess
- R
- Microsoft Power BI
12 modules
1.1Concepts of value1.2Market value and insured value1.3Replacement value and liquidation value1.4International valuation standards1.5Ethics and independence of the appraiser1.6Conflicts of interest1.7Professional liability1.8Purposes of the appraisal1.9Market terminology1.10Case study: differences in value according to purpose
2.1Market segments2.2Auctions and private sales2.3Price indices2.4Market cycles2.5Generational factors2.6Regional markets2.7Data sources2.8Transparency and bias2.9Future trends2.10Practical exercise: analysis of auction results
3.1Chassis and engine numbers3.2Matching numbers3.3Factory documentation3.4Manufacturer certificates3.5Experts and model registers3.6Replicas and continuation cars3.7Detecting forgeries3.8Materials analysis3.9Authenticity report3.10Practical exercise: authentication of a sports car
4.1Condition scales4.2Structural inspection4.3Mechanical inspection4.4Paint and bodywork4.5Interior and upholstery4.6Originality versus restoration4.7Patina and preservation4.8Inspection photography4.9Recording findings4.10Workshop: full inspection of a collector vehicle
5.1Comparables method5.2Adjustments for condition and specification5.3Cost method5.4Income method5.5Hedonic models5.6Indices and time series5.7Valuation of parts and sets5.8Valuation of complete collections5.9Value uncertainty5.10Laboratory: hedonic price model
6.1Racing history6.2Notable owners6.3Exhibitions and awards6.4Ownership documentation6.5Gaps in provenance6.6Impact of history on value6.7Research sources6.8Verification of testimonies6.9Provenance report6.10Case study: value of a car with a racing history
7.1Report structure7.2Assumptions and limitations7.3Identification of the asset7.4Description and condition7.5Market analysis7.6Conclusion of value7.7Photographic appendices7.8Liability and signature7.9Review of reports7.10Practical exercise: writing an appraisal report
8.1Agreed-value policies8.2Valuation for insurance8.3Damage assessment8.4Diminution in value after repair8.5Total loss and salvage8.6Theft and recovery8.7Collection insurance8.8Insurance in transport and at events8.9Claims8.10Case study: loss adjustment of a claim on a classic car
9.1Collection strategy9.2Diversification9.3Maintenance costs9.4Storage and security9.5Rotation and sales9.6Asset-backed financing9.7Family governance of collections9.8Performance indicators9.9Exit plans9.10Workshop: management plan for a private collection
10.1Wealth taxes10.2Inheritance and gift taxes10.3Donations to museums10.4Foundations and patronage10.5Valuation for tax purposes10.6Residence and cross-border movement of collections10.7VAT on collection sales10.8Succession planning10.9Tax documentation10.10Case study: succession planning for a collection
11.1Auction databases11.2Collection management systems11.3Document management11.4Data analysis with R11.5Portfolio visualisation11.6Market alerts11.7Information security11.8Artificial intelligence in valuation11.9Limitations of models11.10Practical exercise: dashboard for a collection
12.1Case selection12.2State of the art12.3Market analysis12.4Inspection and authentication12.5Valuation12.6Management strategy12.7Conclusions12.8Appendices12.9Thesis report12.10Master's Thesis: defence before a panel
How you'll learn
The programme is delivered 100% online on the SEIUM campus, with downloadable material, recorded classes and an assigned technical tutor. There are no fixed timetables: you progress at your own pace within each intake, so it can be combined with work.
Each module combines theory, guided reading of the original standard and applied exercises. The working software is Hagerty Valuation Tools, CollectiveAccess, R and Microsoft Power BI, in free, academic or evaluation versions. Practical work is based on real procedures: a full appraisal of a collector vehicle, valuation of a collection for insurance and a statistical model of auction prices. Assessment is continuous by module plus the final Master's Thesis.
Standards covered: International Valuation Standards (IVS), RICS Valuation – Global Standards (Red Book), FIVA Technical Code.
Build it end to end
Your final project follows the real engineering workflow, step by step, reviewed by your tutor.
Where this takes you
Requirements
- A university degree in engineering, science or architecture, or equivalent demonstrable professional experience.
- An internet connection and a computer capable of running the programme software.
- English sufficient to read technical standards.
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 1,900 hours over 12–14 months. You set your own pace within each intake, and your tutor helps you plan the workload around your job.
You work with Hagerty Valuation Tools, CollectiveAccess, R and Microsoft Power BI, using free, academic or evaluation versions. Your tutor indicates the free alternative wherever one exists.
A SEIUM Institute diploma, awarded on passing the continuous assessment and the Master's Thesis. It is SEIUM's own qualification, not an official state degree; its recognition depends on the programme completed and the regulations of each country.
Yes. Modules passed in a course or postgraduate diploma in the same area are recognised in the higher programme. Ask about the recognition policy when you enrol.
A university degree in engineering, science or architecture (or equivalent demonstrable professional experience), a computer able to run the programme software and English sufficient to read technical standards.
Start dates are set by SEIUM's faculty for each intake. Our admissions team will confirm the next available date when you apply.
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