The value of art has always been a hard thing to grasp. The good news is that the modern art industry offers art appraisal services provided by savvy and certified evaluators. Another question is how art appraisers set the prices, and who needs their services in real life.
What is art appraisal, and who can benefit from it?
Art appraisal is not rocket science, and yet there is a certain uncertainty about how this or that artwork gets its worth. First of all, it is about an in-depth analysis of all the essential information about a piece of art. If professional evaluators have to deal with antiques or artifacts, the process of appraisal includes collecting and studying historical records in the first instance. Then, they thoroughly conduct art market research, which means tracking auction records and history of ownership.
It would be fair to say that there is an intrinsic portion of the subjectivity involved. Yes and no. Though art appraisal services are performed by human beings who tend to be biased, the results are always based on factual data. Consequently, there are almost always solid reasons for giving art high or low value. This is actually one of the methods that help distinguish genuine and meaningful art from the so-called art.
Who is the intended audience for such services? Well, everyone should use it when there is such a need. Whether a person wants to sell, buy, trade, or insure art, pricing is a required step. Can you benefit from it? Most likely. The thing is that the actual price of art pieces has nothing to do with the price of evaluation since it is stable.
All in all, whenever you need your art to be professionally evaluated, opt for the services provided by the dedicated art appraisers. They know how to set adequate prices on even invaluable art items.