An artwork can have many lives, and many more values, depending on how, when, and where it is bought or sold. To fully appreciate how prices and valuations are determined, this course explores various definitions of value, as well as the factors that can create (or detract from) value.
From an appraiser’s perspective, you learn how to properly research an object from “start to finish” in order to determine market price and understand the impact condition can have on value. Through presentations and interviews with industry experts, course lectures explore the pros and cons of different sale models, including sale at public auction and the gallery level, and advise on how to keep track of values in the fast-paced global art market. This course also outlines what to look for when evaluating different media, including paintings, drawings, photographs, and prints, and deepens your understanding of how to evaluate an artwork on your own.
What you will learn:
- Familiarity with the essential value factors that can affect pricing and how to analyze them.
- Proficiency in identifying basic media and appropriate research tools.
- Knowledge of how prices are set at both the primary and secondary market levels.
- An understanding of how condition and conservation can impact value.