What is a Barker Price Warranty?

The Barker Price is a promise that Barker provides you with a conclusive and holistic valuation of your physical asset backed by our warranty. Assets that sell below Barker's valuation, will result in Barker paying the asset owner the difference between the sale price and the provided valuation since the owner has acted on our valuation to set a price for sale. 

A valuation warranty is a promise that the price of a product or service is accurate. This type of warranty is typically used in situations where the price of a product or service is subject to fluctuation, such as with commodities or other items that are affected by market conditions. The purpose of a price warranty is to provide the asset owner with a sense of security and stability and to protect them from unexpected price decreases.

What is a Valuation Services contract?

A valuation services contract is a legal agreement between a company or individual (the client) and a professional valuation firm or individual valuator (the valuation service provider) for the purpose of determining the value of a specific asset or group of assets. 

The contract will typically outline the scope of work to be performed by the valuation service provider, including the specific assets or groups of assets to be valued. 

A valuation services contract is an important agreement for both the client and the valuation service provider, as it establishes the terms and conditions of the engagement, the scope of work to be performed, and the compensation to be paid for the services.

Valuation services contracts can include warranties, which are promises made by the valuation service provider (Barker) regarding the quality and accuracy of the valuation work being performed. These warranties provide additional assurance to the client that the work being done meets certain standards.

A valuation service provider may include a warranty that the valuation work being performed is based on the best available information and that the valuator will use the appropriate valuation methodologies and techniques.

Where can I purchase a Barker Price Warranty?

The Barker Price is only available through our partnership platforms. If you are interested in becoming a partner with Barker click here.

If you are interested in using a Barker approved platform to buy, sell or borrow from your asset click here.

What asset classes is Barker Currently Available for?

Barker is currently available for watches and will be rolling out more asset classes shortly. Our roadmap includes everything from Birkin bags to heavy equipment. Yes, literally industrial equipment. We’re also taking requests - let us know where you want to see The Barker Price!

How long does a Barker Warranty Last?

Our warranties last 90 days, the length of the listing or until the point of sale on our partner platform, whichever comes first.

E.g. If your watch sales listing expires after 30 days, your barker warranty will also last for 30 days. 

How do we provide accurate, timely, and reliable valuations?

Barker uses machine learning (AI) for predicting resale assets' valuations. These valuations are served through a client portal and API endpoints that our partner marketplaces, auction houses, and others can integrate directly with.

This integration allows us to serve customers’ quotes quickly, while also supporting Barker's ability to update models on a frequent basis. Keeping Barker's pricing up to date with market trends as they occur.

What is the circular economy?

A circular economy is an economic system in which resources are used, reused, and recycled in order to eliminate waste and pollution. The goal is to keep resources in use for as long as possible and extract the maximum value from them before they are eventually recycled or repurposed. This differs from the traditional linear economy, in which resources are extracted, used, and then discarded as waste. A circular economy promotes sustainable consumption and production and aims to reduce the use of virgin resources, lower greenhouse gas emissions, and create new economic opportunities.

The global market for the circular economy is expected to grow significantly in the coming years, driven by increasing awareness of the environmental and economic benefits of the circular model, but it faces an inventory supply problem driven by price fear. We remove that fear.