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Value matters and an art appraisal completed by a qualified art appraiser can save you substantial money by not selling too low, insuring too low, or paying too much in estate tax or equitabledistribution. Appraisals are crucial in the art market, providing essential information about artworks' value, authenticity, and condition.
A generalist appraiser has to value everting from coffee makers to oriental rugs to Russian teacups to antique spinning wheels. It may require research, as when faced with unknown maker's marks on the bottom of a piece of pottery. Similarly, an artist who has recently passed away may see a surge in interest and therefore value.
Establishing Authenticity: Provenance serves as a vital tool in authenticating artworks. By verifying this lineage, appraisers can confirm the legitimacy of an artwork, ensuring that it is indeed the product of the claimed artist and period.
Myth 1: Appraisal Equals Authentication One of the prevalent misconceptions is that an appraisal authenticates an artwork. In truth, while appraisers assess the value of an artwork, they do not authenticate its origin. Understanding an artwork’s value aids in insurance coverage, estate planning, and equitabledistribution.
A skilled appraiser carefully studies the history, authenticity, and condition of each item to determine their worth. A professional appraiser is one who has received training and area certified in the accurate assessment of value, authenticity, condition, and other important aspects of antiques, fine art, and other personal property.
That is, unless you happen to know that a similar work by that artist has just sold for $25,000 at auction. If you know the artist’s name, you can use one of the auction databases (listed below) that appraisers and dealers subscribe to. The problem is, of course, how will you know that happened unless you have it appraised?
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. Provenance, artist attribution, and condition all play a role in determining value.
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