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ARTICLE · 18 JUNE 2025

Bratt v Jones [2025]

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When valuing assets (real property, shares, paintings) a valuer must exercise reasonable care and skill to reach the "correct" valuation. If the valuation ...

United KingdomLitigation, Mediation & Arbitration
Tom Bell
Tom Bell
Priya Gopal
Priya Gopal

"The bracket"

When valuing assets (real property, shares, paintings) a valuer must exercise reasonable care and skill to reach the "correct" valuation. If the valuation is too high, then the buyer who relies on it will suffer loss because she pays more than the thing is worth. If it is too low, then the seller who relies on it will suffer loss because she receives less than the thing is worth. But two valuers may value the same thing differently. That does not necessarily mean that one of them has been negligent. They can reach different valuations whilst still exercising reasonable care and skill. As Eder J said in Capita Alternative Fund Services (Guernsey) v Drivers Jonas [2011] EWHC 2336 (Comm) at [145]:

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