Things You Should Know About Art Valuation

Whenever you decide to sell an art piece or buy one, it is important to consider the art piece’s

valuation. Art valuation basically refers to determining the value of the piece you own or wish to

acquire. Art valuations are intended to give you an idea of how much an art piece is worth. Once the

value is acquired, you can place a bid or an asking price in accordance with the value.

Expert Appraisers

Art appraisals have to be done by experts. Moreover, not every expert can assist you in the same

manner. This is because each art appraiser has a specific area of expertise. An art appraiser cannot

appraise every piece of artwork. Therefore, you should look for an expert who specializes in the

artwork you are interested in or have. This will ensure that you get the most accurate value of the

artwork.

Appraiser in Writing

Never forget to get art appraisals in writing. In addition to this you should ensure that the

appraiser is certified from an appraiser organization. If these requirements are not fulfilled by the

appraiser, then the written appraiser will not be accepted.

Replacement Value

Experts can also determine the true replacement value of art pieces. This way you can insure the

art pieces for the replacement value to protect yourself in the event of a mishap. If you want to

get art work appraised to get insurance for it, it is best to contact the insurance company. Good

companies have in-house appraisal experts working for them.

Now that you know how, you can determine the actual value of artwork.

How to Purchase Art

There are many people who love buying art. They often buy art at a good price and later on sell it

for a higher price. However, there are certain things to consider when purchasing art. Let’s look at

how one should buy at a fine art sale:

Buy Art You Like

One of the biggest mistakes made in art purchases is buying a piece solely for its monetary value.

Such sales seldom result in a success. On the contrary an art piece should be bought because you

appreciate the thought behind it. Simply purchasing it to turn a profit doesn’t always guarantee

substantial returns.

Research the Art for Sale

Prior to purchasing the art piece you should do ample research. You should evaluate the piece’s

condition and quality. Moreover, you should confirm if it indeed holds the value that the owner

claims it does. You should also check how rare the art piece is. Most importantly, you should try and

gain as much information as possible about the history of the art piece. Only then you can be sure

that the piece you have bought is a good buy.

Consult Art Experts

There are times when you can’t determine whether or not you should buy the art. This may be

because you weren’t able to find substantial information regarding it. In such cases it is best to

consult a fine art sale expert. Experts love to guide others and provide their opinion about art

pieces and should be able to point you in the right direction.

Keep these art-purchasing tips in mind and you should have no problem being a successful art trader