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
Read more: Norm Heseltine - Misconceptions With Your Art’s Value