Appraisal of art work involves many events, such as obtaining insurance coverage, settling an estate, planning a trust, collateralizing a loan or even resolving property in a divorce settlement. It will also help you to evaluate the Fair Market Value (FMV) to satisfy IRS requirements for tax deductions if the painting is donated. An appraisal also helps in determining what is a fair market price should you buy or sell artwork. Consulting firms authenticate works of fine art and provide other services, such as preservation, and packing and transport. But with a little training, you can learn to appraise oil paintings yourself.
Instructions
The World of Antique Art Valuation
1. Develop an "eye" for art by doing your homework first. Beginning or refresher courses on art history may include a study of different genres of art and artists, as well as some tips on tell the real thing from a fake.
2. Research price guides and prior sales indexes. Though there is no definitive Blue Book or standard model on price, a proper look using available resources such as Falk's or the Artprice Market online (see Resources below), should give you a good starting place.
3. Learn to understand the QCM principles: Quality, Condition and Market. Quality is based on a paintings aesthetic (sight) value, condition is based mostly on a professional art dealer's assessment, and market depends on who is in the market and what the painting is worth to them. Because no valuation is set in stone, it all depends on what you and the selling or buying entity thinks it is worth.
4. Consult with a professional curator or art historian. The best way to learn to detect forgeries is to gather up some hints and tips from authenticity experts. This knowledge is best obtained by attending art shows and auctions and asking questions.
5. Learn to tell an amateur painter from a professional. Amateurs are more likely to use standard size canvas, paint more in the abstract, use photos as a reference rather than real life images and also to choose water-soluble types of oil paints rather than paint that needs to be cleaned up with turpentine.
Related posts
Use brushes, rollers, pads and special effects tools to paint the interior of your home.Making your interior look better using paint is easier than ever thanks to various sizes of rollers, brushes...
Learn find the artist of a painting and determine if it holds any value.The old painting in your attic you thought of throwing out could be worth a fortune. New Yorker Elizabeth Gibson once owned...
Painting a wall is a great way to change the look of a room. It is relatively inexpensive and can dramatically change the tone and mood. Whether you select a sunny yellow or a dramatic red, howeve...
A common complaint when rolling paint on walls is roller marks. The ridges that form as paint builds up on the edge of the roller can be annoying and time consuming to smooth out. It's easy to avo...
Over time, dust and dirt will naturally darken this oil painting.Oil paintings can darken over time due to a natural accumulation of dirt and debris. While you can purchase professional cleaning a...
