An adventure to fully understand art as an investment.

Thursday, May 3, 2007

Art Valuation

Sotheby's have 4 ways to valuate items in a collection. First is by searching their online catalogues and comparing auction estimates. Second is by searching their Sold Lot Archive and see actual prices paid for works like the ones in your collection. The third is through Appraisal or Valuation. Sotheby's prepares legal documents prepared for insurance, tax or other purposes. Lastly, is by Auction Estimate, Sotheby's can estimate items in your collection for a fee.

I could not find specific information from Christie's but I would assume it is almost identical.

Art Valuation most of the times rest in the hands of art experts. These are people of who thoroughly study individual or a group of artists, a period in art history or a combination. Art experts are also used to determine authenticity of an art.

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