Cambridge Expertiseís appraisals are recognised by government revenue departments, insurance companies and other corporate bodies such as museums and art galleries. These appraisals are underpinned by a network of specialists in contemporary art who have unrivalled in-depth knowledge and experience of how the international art market works. Our team constantly updates its appraisals in line with the endless changes in the art market. Our team regularly updates their appraisals according to the permanent development of the market.
Sometimes works of art will fetch enormously high prices and such works cannot be appraised like any other product because they are unique. The value of a work of art can vary according to the following:
How much a person wants to acquire a particular work of art is unique to that person and this can easily affect the selling price. This is just one of the many variables that make getting an exact valuation rather difficult. Among others are format, subject matter, background and style but these are by no means all of them..
Works of art are subject to the unforeseeable forces of supply and demand and their value can go up or down. Because each work of art is unique the valuer has to go into a great amount of detailed research before making a fair judgment of value. As much accurate information as possible has to be collected. It should be be borne in mind that valuing an artistís work has to be carried out within a framework of economic realities: galleries, brokers, agents, auctions, artistsí studios or workshops and, increasingly influential, websites. They are all part of the broader picture which must be taken into account. We are talking here about official, invoiced sales that can be checked..
First of all, it is most important to have widespread sources of information. Many investors only form an idea of the value of works by looking at auction house sales. This is a big mistake on their part