Art is a topic that everyone is familiar with to some extent. Although, while many people may appreciate art, the price of it is something that might be a little bit more foreign. In this article I will tell you how to find the value of artwork.
Two important things to take into account are the retail replacement value, which is the price that you paid for when buying the art piece, and fair market value, which is seen as the donation value by the IRS, and this value is what the client can expect to get at auction.
If you are looking to estimate yourself if your piece is valuable here are some things to take into account. When an art piece is valued the first thing that is noticed is the impact of the piece.
This means what effect the piece initially has. Another thing to take into account is simply looking at the back. By doing this you are looking for any clues or documents that can give you insight on where the art piece has been. Finally, the last thing you can look for is the signature from the artist, which will give you an idea of if the piece is more expensive depending on who created the piece.