Any work of art has a price. It depends on a combination of various factors. Most often, the author's name plays the most important role. The more popular it is, the higher the price of the item.
Today in our country there is no unified system for evaluating works of art. But there are uniform rules. The first rule is that the evaluator must apply a proven methodology. Second, he must have a diploma in appraisal activity. His liability is subject to compulsory insurance. Appraisal activities are regulated by Federal Law N 135-FZ "On Appraisal Activities in the Russian Federation" dated July 29, 1998 No.
When buying a thing at an auction, especially a famous one, the task of determining the cost is facilitated. The opinion of local experts is suitable for any museum exhibit. They often collaborate with the owners of private collections. Sometimes they come to specialists of non-state art galleries for a written opinion. Competent appraisers can be found in antique shops and private galleries. The organization of any assessment activity and its payment is the concern of the person concerned.
To remove possible discrepancies in the assessment by several specialists of one art object, information on the cost of an analogue is used. It must be found in the catalogs of major auctions (Sotheby`s, Christie`s, Hotel Pruot). An analogue is always a thing made by the same master. The technique and the period of creation should coincide as much as possible. Some insurers only take into account the starting price in such auctions.
How to determine the value of an item
There are three ways to determine the value of a work of art. The expert does not have to choose one. In some cases, you can combine several types:
- with a comparative approach, the appraiser compares prices for items that are identical or similar in most parameters;
- the income approach is based on the calculation of the profit that the item can bring;
- value determines the price associated with the exchange or new release of a stolen, fully or partially damaged item.
The first approach is most often used when determining the feasibility of future investments.
When an Art Appraisal is Needed
An objective assessment of any piece of art may be required in the case of an investment. This procedure is often used when dividing property during a divorce. And also if, in the event of theft, you need to file a claim for damages. Elementary curiosity can also be a reason for such an assessment.
The opinion of the appraiser is often the basis for art criticism expertise. It is then used to evaluate a work of art. The problem of valuation often arises when insuring the transportation of museum valuables. Or when insuring private collections.
Often the owner of an antique item overstates its value. At the same time, old things do not always turn out to be objects of art. Therefore, the cost of an examination can significantly exceed the cost of such things.
An expert evaluating art objects must have knowledge in several areas at once. He must understand art history, history, have developed analytical skills for research work.
Art Object Assessment Parameters
Usually, the assessment is made according to two parameters:
- physical (they can be measured and evaluated);
- high quality (determined only with the help of expertise).
Physical parameters are: size, material, degree of preservation, completeness of completeness. The qualitative parameters are as follows: the name of the artist and his role in the history of art, the parameter of impression, market demand for the evaluation period. The quality parameter of the work is also important. It means the technique of the author, the composition of the work, etc.
Evaluating, for example, a painting, an expert sets not only its price. Parallel to this, the authenticity of the items is being clarified.
