What kind of auction often involves appraiser evaluations before the sale?

Estate auctions often involve appraiser evaluations before the sale because they typically involve the liquidation of a deceased person's assets, including personal belongings, antiques, fine art, and other valuables. An appraiser is needed to determine the fair market value of these items so that they can be sold at an appropriate price. This assessment not only helps set a starting bid but also ensures that the estate is settled fairly and accurately reflects the worth of the possessions being sold.

In particularly sensitive situations, such as handling an estate, a thorough valuation helps manage family expectations and can prevent disputes among heirs. While other types of auctions may sometimes include appraisals—particularly real estate—it is most critical in estate auctions to ensure an accurate reflection of value and smooth transition of ownership.