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The appraisal and valuation of art can be a tricky thing. When it comes to real property such as vehicles and land/real estate, there is usually a much more precise set of values, expectations and market factors that can help establish what something is worth. Cars and real estate in particular can be valued fairly precisely based on the age of the item and the demand that is present for the same. Further, an appraisal that is clearly out of line with reality can be easier to spot when such things are in place. However, there other items that are a bit harder to value. Some of those items are real property. While there is a tried and true way to value art, the competence and motives of the appraiser is something that must be considered.
For sure, a couple of blotches of paint, in and of themselves, is worth very little. However, if those paint blotches were rendered by Picasso or Da Vinci, that changes things a great deal. Even with that being the case, the valuation of the item comes down to what the buying market’s members are willing to pay. Since that tends to vary in terms of size and scope, that is what appraisers are for. Just like with homes and cars, the appraisers can look at what the item has sold for in the past, how demand level has changed (or not changed) since that point and so forth. It is not an exact science, but it is possible to get a good idea. Even so, it must be considered who the appraiser works for and how competent they are. The former of those two is probably the more important item to consider when it comes to the scenario posed for this short report. Indeed, a man bought a painting under the premise that it was worth $3,000 on the resale market. He thought he was getting a great deal given that he only paid a third of that stated value…
The shapes, forms, mediums, quality and condition of the ancient art all plays a role in the final determination of value of the art a recent report of an action of the Stanford Estate by Christie's in London relates that documentation of an Apollo bust for the purpose of establishing value was conducted and included "comprehensive research and our own expertise as well as drawing on the knowledge of
Firm Valuation Several reasons exist as to why an individual or a corporation may need to value a business. Such reasons may include the need to buy a business or execution of a merger and acquisition. The other reasons may be due to loan or taxation purposes. The process of business valuation is usually not easy as coming with a valid figure requires a lot of efforts amidst different challenges. A true
Construction Project Financing/Valuation Market Review A brief search of Internet-listed one-bedroom apartments in Abu Dhabi confirms a current yearly rental price of AED 75,000 for most properties in the city (JustRentals.com, 2012). Many apartments located in different buildings and in different [arts of the city are listed for exactly this amount, though some were also found for lower (AED 60,000) and several were found that were higher (approx. AED 85,000), however
……South African Municipalities Municipal Revenue Loss Reduction through Improved Municipal Valuation Methodologies:Balance Sheet Enhancement of South African Municipalities to Improve Rates and Taxes Revenue GenerationAbstractThis study examines the property valuation process of Municipalities in South Africa and develops a strategy for strengthening that process in order to more efficiently value properties and ultimately to enhance municipal balance sheets and increase revenue streams. This study proposes an innovative valuation method based
Banksy "The immature poet imitates and the mature poet plagiarizes," said T.S. Eliot. If imitation is indeed the finest form of flattery, then does it follow that plagiarism is a worthwhile pursuit? Indeed it can be. Street art, including visual art and music, is both plagiarizer and plagiarized. To imitate without paying full homage to the original creator is to fail in the ultimate pursuit of aesthetic brilliance. The art of
Artistic Representations of the Divine and Patronage During the Renaissance: Patronage in the Relationship of Julius II and Michelangelo The nature of Catholic art during the Renaissance period, as manifested in the mutually beneficial though sometimes antagonistic relationship of patronage between the artists and popes of the period, can never simply be understood an expression of the individual art's vision of Jesus Christ, or even of an individual vision's expression in the