Knowing the value of art can require some skill and experience. If youre starting on a collection and do not know how to value art, then lucky you, since you can always get the help of an art appraiser. However, if you decide on pursuing the value for yourself, then be sure that you avoid making some of the common mistakes regarding the matter.
Most people seeking the value of a piece tend to simply look at the price list and from there on, conclude the value of the work in consideration. However, there is much to value than simple market prices. Pricelists can be very misleading, since artworks values are not only determined by its price; here are some of the reasons why, and some other overlooked factors when valuating an art.
Its A Bargain!
Sometimes, if an auction is poorly publicized, they hold sales or bargains in order to sell. Thus, you can find great art that are priced way low from their real value in this kind of auctions. There are also instances in which only single bidders are able to recognize the significance of the art at hand. During this kind of situations, the piece can also be sold at a low price if there are no other bidders who want...
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