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Fair Market Value is also frequently encountered in equitabledistribution and family distribution appraisal reports. If Bidder A wants to remove the item from the auctionhouse, in most circumstances it is going to cost more than $400 to be able to do so. 25% is a common buyer’s premium across the industry.
If you did not acquire the artwork through a gallery and cannot find similar works online, you may need to take the work, or send photo’s, to an auctionhouse and tell them you are interested in selling the work. They gather information from over 979 auctionhouses from around the world.
An art appraisal is a professional assessment of an artworks value based on factors such as the artist, condition, provenance, and current market trends. Provenance, artist attribution, and condition all play a role in determining value. It was purchased from a gallery, auction, or estate sale. What Is an Art Appraisal?
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