In the art market there is no official agency giving the market quotation of an artist and his works.
There are many points of reference helping in the evaluation and in keeping it up-to-date; the most important ones are art galleries, auction houses, art fairs, catalogues, yearbooks and the artists.
None of them must abide by any rule fixed by any control committee, therefore there may be even remarkable mismatches between quotations.
That is why, if you want to have a precise and realistic idea of the market quotation, you should consider as many sources as possible, never forgetting that each of them could be deficient, and try to compute some sort of average.
Here are some general indications:
- Art Galleries: if they have the sole right upon a certain artist, they certainly are the depositary of the official quotation; they are obviously the ones who determine it, always submitting to the market rules. In this case, they generally are quite reliable. If they don't have the sole right, it is harder to understand their reliability; it often depends on the artist's prestige in the art market. You always have to consider that the gallery must often grant a discount, therefore the first quotation is not the final one. Finally, you should never ignore the dealer's reliability, which surely is the most important guarantee of a valid quotation.
- Art fairs: being art fairs made by galleries, our indications are very similar to the above-mentioned ones. Being many galleries in the same place at the same time, the prices can be checked, therefore they are more levelled-off and more reliable.
- Auction houses: auction houses usually present wide ranges of artists, and don't often have a precise marketing policy about them (that is not always so...), therefore their quotations are quite reliable. However, you should always consider that they are just minimum quotations (see for example ArsValue o Artprice), which draw the attention of those buyers who are always looking for a bargain. Therefore, you should consider them a downward reference, which is usually lower than the market quotation. Attention: if you want to have a more reliable reference about the work's price, you also have to add the auction right quote, in case of purchase, which is usually 15-20% of the hammer price.
- Catalogues and yearbooks: not every artist has auction works, therefore you'll may need to search information about his/her quotations by consulting yearbooks and catalogues. Pay attention to the origin indication of the quotations (gallery, auction, artist): they are very important to understand the real proposed value.
- Artists: artists often give their quotations, on the base of the sale price given by their gallerists and dealers. In this case, you really must pay attention, because the artist could want his quotations to be as high as possible, at least as declaration. They are no market quotations, but rare opportunities, which can become real only in some artists' ateliers; they aren't official and therefore they have no value in determining the real market quotations.
The quotations of the works are not just connected to the market value, but also to other artistic, historical and cultural aspects, in particular if we consider unique pieces (like the ones handled by ARTantide.com).Here are the main elements you have to consider:
- Quality: is the main element for evaluating the quotation of every single work. It is not understood that every work by an artist is on the same level; some of them are certainly better than other ones.
- Size: the price of a work often rises proportionally with its perimeter, and not with its area (many works exhibited on ARTantide.com have a quotation depending on the size and a parameter of the artist).
- Technique: usually works on canvas are more precious than paper works. The same can be said of oil and acrylic works compared with mixed techniques; there is although no general rule, and sometimes these considerations can be overturned by the "beauty" of every single piece.
- Year: the production date of a work is often very important, because there are some golden periods, when some artists gave the best of themselves; besides, the date can qualify the historical feature of some pieces, making them particularly precious.
- Style: the works requiring an intense activity of the artists are often more precious, because the time he/she dedicated and the realization difficulty have an influence on its value.
- Reviews: a work's success is often influenced by the concerning reviews (publications on catalogues, magazines, newspapers) and the presence at important exhibitions, museums, famous galleries; therefore, it is possible that the value of a work is higher than that of a less-reviewed work. It is also important to understand if the price is part of a certain "cycle" by the artist, which makes it precious even though not published, for example because it belongs to an historical "cycle". The importance of a publication can be a further guarantee of authenticy, it can therefore make the work much more precious.
In order to determine the quotations of its works, the ARTantide.com team follows all the above-mentioned rules and chooses the most correct quotations in the course of time. Our team constantly follows the trend and updates the changing quotations.
Despite that, it can happen that in other galleries, dealers, auction houses, etc... you could find the same works at slightly different prices; that's normal, but the important thing is that ARTantide.com guarantees its quotations, takes care of the Resale and admits a concrete reevaluation possibilty, through a Trust Bonus. We especially offer you high-quality services and advice, we constantly publish the purchased works, making a purchase in the art market more precious.