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I’ve written this basic guide as an introduction to the different levels of value so that users of appraisal services will be able to better determine what sort of appraisalreports would best suit their needs. Fair Market Value is also frequently encountered in equitable distribution and family distribution appraisalreports.
When Might You Need a Contemporary Art Appraisal? Art Acquisitions Art collectors, museums, galleries, and private individuals interested in purchasing contemporary Paintings, Sculpture, Photography, or Fine Art Prints might seek an appraisal to ensure they make an informed investment.
Further, appraisalreports must follow the latest version even if the appraiser has NOT taken the latest course. high end, branded, celebrity provenance) is going to sell at a high-end international auctionhouse like Christie’s. These are important elements for any appraisal assignment.
You need to find your painting, your artist, or the comparables for your type of art…such as, ‘School of French Impressionists’, or ‘the Drip School’, etc.? However, you still will not be able to sell it for the amount you believe it to be worth, because you do not have a written appraisal by a Professional Art Appraiser.
Over the years, I have spent a lot of time on the phone trying to help people determine if the painting they found in a garage sale is worth anything. I took no pleasure in having to explain that they had one of the many reproductions of the painting and their hopes of having won the art lottery was only a lovely dream.
A recent Christie’s auction , Augmented Intelligence, featured over twenty lots created with AI technology. Christie’s stated , “This sale is the first ever artificial intelligence-dedicated sale at a major auctionhouse. The use of AI in preparing appraisals is complicated from a legal perspective.
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