What is the value of a painting? Asking this question to a roomful of art experts would elicit a wide range of responses. Some might say it’s how much money you spend on it, while others will say that its worth is determined by what someone else will pay for it, or if it has been appraised as being valuable. In order to understand the true value in art, let’s look at 9 factors that determine whether an artwork has any significant worth.
This blog post discusses what makes paintings valuable and covers ten factors which can determine their worth.
9 Factors That Define What Makes a Painting Valuable
An artist is the creator of a painting. The most famous artists in history are Vincent Van Gogh, Claude Monet and Leonardo Da Vinci. Their paintings are the most expensive in the world.
When looking at the history of art, it’s easy to see that some artists were more important than others and therefore their works will have higher value. The prolificity of an artist affects how much a piece is worth as well.
The subject of a painting is what it depicts, whether people, objects or landscapes. Paintings of nature are more valuable as they portray the beauty of our world.
Although it is a matter of personal preference, certain subjects will be more popular among readers and thus increase the value.
The larger a painting, the more expensive it is to purchase and frame. This is because it takes more time to complete, and large canvases require expensive materials.
Not to say that bigger isn’t always better, but it does represent a certain level of skill and often adds value.
Certificate of authenticity
A certificate of authenticity or COA for short is an official document that provides proof that a work attributed to a specific author has been completed by said individual.
Although private collectors are increasingly purchasing art directly from auctions and fairs without consulting an expert, the certificate that accompanies a work of art has become more important. No Van Gogh can be sold unless it is approved by The Van Gogh Museum.
Artwork’s condition can play a large role in determining its value. Many factors such as the materials used, age and location come into consideration when evaluating an artwork for its overall well being.
When it comes to art restoration, there are a few things you should keep in mind. Appearance matters because the better condition your work is in – the more valuable it becomes- but that doesn’t mean other factors won’t hold as much weight too. For example, if an artist is very sought after even their less attractive pieces can have value based on demand alone.
The history of the ownership or chain of custody is referred to as “provenance”. This includes where it has been exhibited over time, if it was donated by someone famous, who owned it before you bought this painting etc.
Every artist has created works of varying quality. As with most other things, higher-quality work is more valuable than lower-quality work. In addition to the quality of the artwork itself, materials used can affect value as well and creating a better piece will help you grow in your career and bring new opportunities into life!
An art piece’s technique refers to how artists create their work through artistic processes and style. It also encompasses visual elements that go beyond aesthetic qualities like brushstrokes.
In order for any piece of artwork to have significant worth (in terms of money), it must be created with quality, technique and know-how .
The importance of the “market” cannot be understated. It is vital to understand how supply & demand impacts art prices, especially in a market with low interest rates like today’s real estate industry.
Hopefully, this blog ppost has provided you a better understanding of art valuation and inspired you to sell pieces from your personal collection.