Whether it’s a single piece of artwork or a full collection, most insurance companies will require a written appraisal from an art market professional to meet their criteria. Valuations are also used for collectors' personal records to keep track of the values of their artwork.
A signed and dated valuation designed to satisfy insurers requirements.
The artwork is appraised and the valuation determined by many factors including condition, auction history, previous gallery sales data and general market performance for the particular artist. The art market can be fast moving so we will always quote a range in price to allow for market fluctuations.