3 Tips from Someone With Experience
The Importance of Professional Art Appraisal
There is a chance that you have heard the story of the middle-class, average homeowner who went to a painting shop and acquired an old painting which in her mind, she saw as just a nice-looking piece of junk. However, later, she came to find out that the painting which she saw as the junk was worth a lot of thousands of dollars when she presented it to the art market. On the flip side, there is also a chance that you have also heard of some stories of some individuals who got some unusual vases from their old relatives. What seemed to be some will or hand-me-downs turned out to be some piece of item that was worth a small fortune.
Sometimes, these stories to you could sound too fanatical and as something that is far from possible. However, you probably have some dusty and old stuff that you have been keeping in your home which in the real sense could be worth some good amount of money. In case you have some old pieces of art that are just lying idle around your home and you do not even have the surety of where they came from, it is advisable that you do not discard them or just offer them to someone just like that. It is even recommended that you do not attempt to fix them in case they happen to be in bad shape. Instead, it is important that you look for qualified art appraisal to have it done of the piece of art for just a small fee to find out whether the piece has any worth on it. The following are some of the reasons why you need to get an appraisal for the piece of art.
To begin with, you need to satisfy your curiosity. Given the examples above, you might be in an anxious state to find out whether the art piece you are having in your home is worth something. In case it is something that you bought, chances are that it is not very valuable except for a few dollars. However, in the unlikely scenario that you are lucky, you probably got something that is worth a fortune. To ensure that you do not dispose of it like the previous owner, it is vital you get professional art appraisal to know its true value.
It also helps in the determination of the resale value. In the industry of art investment, a lot of the pieces which were bought some years back could be worth a lot of money today. This normally happens when the artist becomes very popular in this industry or if they pass away where their work just appreciates in value. For someone that is an investor, getting a professional appraisal would give you a rough idea of the real worth of the piece of art that you are having.
It is also ideal for insurance purposes. For someone with a collection of such pieces, you will get a rough estimate of their value with a professional appraisal that is vital if you want to get the insurance.