This is a good article by Donovan Gauvreau in today’s issue of the American Chronicle:

Appraising Art: An Art in Itself

Image: patrickkingassociates.com

The appraisal of artwork can be effected for several reasons, but the two most common ones are: the owner wishes to sell it or the owner wishes to insure it. In brief, the art market can be broken down into two segments, retail and secondary. The retail segment consists of pieces sold by art galleries, art dealers and other art professionals. The secondary segment consists of all art pieces sold through other avenues such as auctions, estate sales, flea markets, garage sales, and art wholesalers. Appraising art requires expertise. In order to properly assess an art piece, you should involve a professional or someone in the art industry…

Read the full text of the article HERE