• Welcome! You will have to register a free account, before you can access the system. If you already registered, please LOG IN. (top right)
    If you can't remember your password, CLICK HERE to reset it. If you have questions, feel free to click CONTACT US link at the bottom of this page.
Rian Fabrication Services  www.rianfabrication.com

Art Valuation

shayla

WOW Framer
Joined
Apr 5, 2008
Messages
31,205
When a customer wants to sell framed art on consignment, it can be tricky to establish a value. They might not be able to pay for a professional appraisal, and what if we do, then it doesn't sell? Current customer has a few lovely Japanese woodblock prints from twenty or so years ago, and I wish there was a way, aside from just searching online, to determine their worth. For those of you who sell consigned customer art/framing, what do you do?
 

JFeig

SGF, Supreme Grumble Framer
Joined
Oct 13, 1999
Messages
4,489
An appraisal is not an exact science.

The old saying of "THE VALUE IS IN THE EYES OF THE BEHOLDER" is very true. It might take a lot of time for the individual for the right person to come in and pay the asking price. That is why they created the markdown from asking price after a predetermined time period.
 

prospero

SPFG, Supreme Picture Framing God
Joined
Jul 16, 2007
Messages
19,216
Basically, the simplest way is to ask them for a figure which would be acceptable to them and add your mark-up.
That way they are guaranteed not to be disappointed. Too often people go looking online and arrive at a value that
is totally unrealistic. As 'Pawn Stars' viewers will notice, once people get a figure in their heads they are loathed to drop
it down and feel cheated if they have to accept less, even though it's a more than fair deal.

You can put a price on something that seems reasonable, but at the end of the day something is worth what someone
else is willing to pay for it.
 

Creative Chicks

SGF, Supreme Grumble Framer
Joined
Sep 8, 2004
Messages
1,426
Most appraisers can give you an approximation of value instead of a full blown appraisal.
Check the ISA or ASA website for an accredited appraiser with an on-line option for the approximation of value. It's much less expensive and then there aren't any ugly surprises when you sell them for $100 and they were worth much more.
 

wpfay

Angry Badger
Forum Support Team
Forum Donor
Joined
Sep 1, 2000
Messages
10,543
Actually, Googling the artist will usually give you what you need to know. If the work has residual value, someone is selling them somewhere, and you can look at comparable sales. If nothing comes up that tells you that there is little or no market for the work. If nothing else it might qualify the work for a formal appraisal...or not.
 
Quality Matters At 888 Manufacturing

JFeig

SGF, Supreme Grumble Framer
Joined
Oct 13, 1999
Messages
4,489
Actually, Googling the artist will usually give you what you need to know.
Exactly. If you cannot find the artist via a search engine search then there might be no or little actual value other than decorative valve (second-hand store).

Second, how long of a wait for a sale is the customer wanting to wait?
 
Jack Richeson & Co
Top
;Added 5/9/20 MPL to disable rich text editor by default for IOS devices that have bug in browser