Using An Appraisal Service To Determine The Value Of Your Art Pieces

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boosting home value during an appraisal

Five years ago, my husband and I flipped our first house. That project was one of the biggest learning experiences of my life. We had to find our way through a complicated project without losing the money that we had invested. One thing that we learned about was getting appraisals done on properties. Unfortunately, we had to learn this lesson the hard way. We didn't have an appraisal done before we started the renovation and when we finished, the value of the home didn't increase enough to give us the profit we wanted. Since then, we learned what projects will boost the value during an appraisal and what won't.

Using An Appraisal Service To Determine The Value Of Your Art Pieces

17 February 2021
 Categories: , Blog

If you have original or otherwise valuable pieces of artwork in your collection, you will want to be sure that you are aware of the actual value of this artwork. Otherwise, you may not take appropriate care of these items or fail to get their full value if you sell the art. While there are art appraisal services that can provide you with this information, there are some key factors that will play a role in determining the overall value of the artwork.

The Artist That Completed The Work

A critical factor in determining the value of a piece of art will be the artist that made it. Unfortunately, there can be many instances where individuals may own pieces of art that are counterfeit. This can lead to them assuming that the artwork is worth far more than it actually is. An appraisal service will be able to verify the authenticity of the artwork so that you can be confident that it is an authentic piece of art that will be worth its full value.

The Condition Of The Artwork

The condition of any piece of artwork will be another factor to consider when determining its price. Artwork that has been improperly stored may suffer serious deterioration that could lower the value of the art by a considerable amount. For this reason, individuals should always make sure to effectively store and display these pieces of art so that they will be protected against moisture, ultraviolet light, and other potential sources of deterioration that could ruin the appearance of the artwork as well as lowering its value. A climate-controlled display case or storage container can be essential for preserving your art so that it avoids these problems.

The Number Of Editions And Copies That Are Available

The rarity of a piece of art will be one of the most important factors in determining its value. While it may seem like any original piece of artwork will be rare, it can be a common practice for artists to create multiple versions or editions of a particular piece of art. In fact, some arts may also make multiple versions of the same picture. These factors can be difficult for a person to review on their own as it will require having a detailed understanding of the artist's work history and style. Luckily, this is information that an art appraisal service will be able to provide you after conducting a thorough evaluation.

Reach out to an art appraisal service today to learn more.