ME816-CON All Wine Tanks are not Created Equal

CE 1 | ARM

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Session Description

Wine tanks are the heart and soul of any winery operation and values are not always obvious. This presentation discusses the many factors of wine tank value and valuation, starting with a brief summary of the winemaking process and how that process influences tank requirements. We’ll consider the “ideal” wine tank and what that means, the main factors to consider when valuing wine tanks, and how wine tank configurations can result in functional obsolescence in legacy wineries. The presentation will conclude with a review of an appraisal that, failing to consider the unique characteristics of the subject wine tanks, applied the cost approach in a rote manner that resulted in a misleading opinion of value.

Speaker Information

Jack Young, ASA-ARM/MTS, CPA, President/CEO | NorCal Valuation, Inc.

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Disclaimer: The opinions expressed in this presentation are that of the presenter(s) and do not necessarily reflect the views and opinions of the American Society of Appraisers.

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System requirements for viewing downloads.

Pricing $69.00
ASA-Member $49.00
Non-Member $69.00
Available Yes