• WELCOME Grumblers
    Backup is now done at 3PM EDT. You may find the server down for up to two minutes at that time.

Art Valuation

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?
 
Sponsor Wanted

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.
 

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.
 

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.
 

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.
 

JFeig

SGF, Supreme Grumble Framer
Actually, Googling the artist will usually give you what you need to know.
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?
 
Sponsor Wanted
Top