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Art Valuation

Discussion in 'Art Matters & News' started by shayla, Apr 7, 2018.

  1. shayla

    shayla WOW Framer

    When a customer wants to sell framed art on consignment, it can be tricky to establish a value. They might not be able to pay for a professional appraisal, and what if we do, then it doesn't sell? Current customer has a few lovely Japanese woodblock prints from twenty or so years ago, and I wish there was a way, aside from just searching online, to determine their worth. For those of you who sell consigned customer art/framing, what do you do?
     
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  2. JFeig

    JFeig SGF, Supreme Grumble Framer

    An appraisal is not an exact science.

    The old saying of "THE VALUE IS IN THE EYES OF THE BEHOLDER" is very true. It might take a lot of time for the individual for the right person to come in and pay the asking price. That is why they created the markdown from asking price after a predetermined time period.
     
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  3. prospero

    prospero SPFG, Supreme Picture Framing God

    Basically, the simplest way is to ask them for a figure which would be acceptable to them and add your mark-up.
    That way they are guaranteed not to be disappointed. Too often people go looking online and arrive at a value that
    is totally unrealistic. As 'Pawn Stars' viewers will notice, once people get a figure in their heads they are loathed to drop
    it down and feel cheated if they have to accept less, even though it's a more than fair deal.

    You can put a price on something that seems reasonable, but at the end of the day something is worth what someone
    else is willing to pay for it.
     
  4. Creative Chicks

    Creative Chicks SGF, Supreme Grumble Framer

    Most appraisers can give you an approximation of value instead of a full blown appraisal.
    Check the ISA or ASA website for an accredited appraiser with an on-line option for the approximation of value. It's much less expensive and then there aren't any ugly surprises when you sell them for $100 and they were worth much more.
     
  5. wpfay

    wpfay Angry Badger

    Actually, Googling the artist will usually give you what you need to know. If the work has residual value, someone is selling them somewhere, and you can look at comparable sales. If nothing comes up that tells you that there is little or no market for the work. If nothing else it might qualify the work for a formal appraisal...or not.
     
  6. JFeig

    JFeig SGF, Supreme Grumble Framer

    Exactly. If you cannot find the artist via a search engine search then there might be no or little actual value other than decorative valve (second-hand store).

    Second, how long of a wait for a sale is the customer wanting to wait?
     
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