Misconceptions With Your Art’s Value




Knowing the value of art can require some skill and



experience. If you’re starting on a collection and do



not know how to value art, then lucky you, since you



can always get the help of an art appraiser. However,



if you decide on pursuing the value for yourself, then



be sure that you avoid making some of the common



mistakes regarding the matter.





Most people seeking the value of a piece tend to



simply look at the price list and from there on,



conclude the value of the work in consideration.



However, there is much to value than simple market



prices. Pricelists can be very misleading, since



artworks’ values are not only determined by its price;



here are some of the reasons why, and some other



overlooked factors when valuating an art.





It’s A Bargain!





Sometimes, if an auction is poorly publicized, they



hold sales or bargains in order to sell. Thus, you can



find great art that are priced way low from their real



value in this kind of auctions. There are also



instances in which only single bidders are able to



recognize the significance of the art at hand. During



this kind of situations, the piece can also be sold at



a low price if there are no other bidders who want to



pursue the piece. No Auction Records





There are instances too in which the significant works



of a certain artist have never been sold in any kind



of auction. It’s quite normal for the finest and



popular pieces by an artist to sell for huge amounts



of money, approximately tens of thousands or even



more, at galleries. However, that same artist can have



high auction records only in level of low or



mid-thousands of bucks. Thus, if your artist has not



had any significant work of his through any auction,



then you can also value the work extremely low.





Great Continuums





It can also be hard for you to value the piece if the



price range of the artist is too great. For example,



an artist can have hundreds or even thousands of



auction records, ranging for instance in between



$1000-$200,000. If you are not a competent



professional appraiser, for sure you’ll probable have



little or even no idea where the piece would fit in



with a continuum that is vast as that.





Significance Is The Key For an artwork to be



accurately valued, its significance should be



determined. Thus, you should get to know how the piece



would level in respect to how excellent, well, or bad



it is done, compared to the other works of the same



artist. Techniques used in the piece and its overall



aesthetics play a role here. So, if your piece at hand



is really good, yet you’re not able to know or see how



good it is, then for sure you’re going to value it way



low from its justified value.





Unearthing History Matters





Additionally, historical significance would also



matter in valuing your art. The more it is



historically significant, the higher its value is.



Factors like the piece being able to transcend its



artist due to what it represents, when it was created,



where it was done, and other similar mitigating



aspects, play a role with its history significance.



Thus, if you haven’t uncovered the historical



significance of your art, then it would probably have



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