Art appraisal is a complex and often misunderstood part of collecting. Simply put, art appraisers help ensure that estimates for a work of art are in line with market value. One of the most common reasons people require an art appraiser is to assess how much a work should be insured in the event of a disaster or when looking to sell.
Appraisals are also frequently given when a work of art is received as a gift or inheritance, as well when an equitable distribution is determined in the event of a divorce or legal settlement.
Do you want to appraise a painting or a sculpture ?
Our appraisal department will be happy to receive your request. Below we leave you the contact information of the head of the department.
+34 604 23 20 29
Many appraisers also have professional experience in the gallery, library, archive and museum segments, often with extensive academic training, which adds credibility to their experience. Appraisers also possess in-depth knowledge of individual state regulations surrounding art collecting.
To make the job of an appraiser easier and more reliable, collectors are advised to be meticulous about keeping their records.
When all the necessary paperwork is complete and readily available, an appraisal team is in a better position to conduct its investigation. Good practices include cataloging the collection itself, keeping notes on a work's exhibition history, and keeping track of associated literature, as well as keeping an up-to-date history and followed literature. Keeping documentation and appraisals up to date is especially essential when collecting or selling works by Artists who may have a pre-existing commercial market. Due to the changing nature of the art market, it is important to know how the market for a painting is performing.
Record keeping also has an important role to play when it comes to creating a legacy. When transferring objects to the family, documentation is key. This not only helps convey the value (especially for the non-savvy) but also ensures that the job falls into the right hands, be it private or institutional.
Art is an asset and, like any other asset, it deserves protection. This is especially relevant in the case of assessments related to disasters and other similar mitigating circumstances. In these situations, the idea of the evaluator as an eyewitness no longer applies. Instead, appraisals are carried out under what are known as "limiting conditions ," meaning that there may be a lack of documentation surrounding the work prior to its destruction.
For many, collecting is an investment as well as a passion. Works of art can be used as collateral for a loan or to pay off debts. When liquidating assets, formal appraisals help ensure that the correct prices are paid. As with taxes and insurance, being cautious and working with an appraisal team helps avoid surprises down the road.
Whether a work of art is being bought, sold, or acquired by other means, art appraisers can help provide the documentation necessary to protect and evaluate the collection. While the value of a work is always in the eye of the beholder, with the help of an appraiser, collectors can be sure of knowing that the official value of their collection has been correctly accounted for.
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Do you need to keep the information of your works of art up to date? TheBillionArt curatorial team files on behalf of its owner all the important documentation of their works, such as;
Data on exhibitions, former owners, restorations ...