When we are asked to manage estate sales, we oftentimes come upon large collections of art. Many people, even us when we started, had the question, “How much is this piece worth?”. Of course, we all wish that each piece of art that we come into will command the highest dollar. This, unfortunately is not the case more often than not. There are a number of factors that must be looked at when evaluating a piece of art. We will walk you through some of the largest things to take in consideration when trying to value your finds or heirlooms.
The first thing we will discuss is the age of the artwork. Of course, older pieces of art will oftentimes command a higher price. There are a number reasons why this is true, but more often than not, people generally feel that older pieces are more desirable. This can work in your favor. If an older piece of art is made by an unknown artist, there can often be intrinsic value in the age of the art alone. This works to your advantage if you are dealing with a print, or pieces that otherwise be relatively inexpensive on their face.
Shortly after age, the next most important factor in determining the value of artwork is the condition that it is in. Would you rather have a beautiful, clean piece of art on your wall, or a tattered, stained mess. While the torn, tattered mess might be a unique piece in the sense of the rustic characteristics it posseses, most buyers would rather have the artwork in better condition. You can clean art that has become dirty or stained, but you are better to have a professional take care of it, as damaging the piece can make it nearly worthless.
When discussing value, the medium of the art has a high impact on the price of a piece. Is your piece of art an original oil painting? Is your piece of art an intricate statue? Is the artwork a recent print of an older piece? In short, the closer to an original that the piece is, the more it will be worth. While a low numbered, first series print of an item may be worth a substantial amount, this price usually goes down as higher production numbers are reached.
As you are probably well aware, the artist of a particular piece will have a high impact on the value. While a Picasso will command an extremely high value, a little known artist will likely not generate as significant the return. The internet is your friend when researching the value of artwork. You can find many resources that can give you a ballpark price for a piece of art.
Everyone loves a backstory. When we sell pieces of art, we love to know where it came from, how the owner came in possession of it, and any other details that can paint a picture for a prospective buyer. We feel that a strong enough story behind a piece of art can be enough to raise the value of it a considerable amount. Perhaps a relative acquired this piece on a recent foreign trip. Perhaps it was purchased while a relative was completing military service. Any of these factors can add good value to artwork.
Determining the value of a price of art can be intricate, but taking the above steps will allow you to gain insights as to the general value of a piece of art. You can always reach out to a professional to get an appraisal for your artwork. Even better yet, you can use our auction service to auction your piece.