Quote:
Originally Posted by p1mpdogg
whats the point of an apprasil then if you say they arent worth it. they got that number from somewhere right? based on previous sales possibly?
so lets say i paid 10k for soemthing worth 40k
you think im going to lose out?
I hardly think so
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Art is a much more irrational market than, say, real estate. The value of works is often highly dependent on the context you sell them in. As part of a larger, coherent collection, for example, individual works are much more likely to draw audiences at auctions and galleries that are willing to pay high prices for specific works they particularly like in their general interest area.
Art appraisal is a bit like domain appraisal, with the one difference being that art generally has no direct commercial application at all. That makes it extremely hard to separate the numerous unreliable or even insane appraisals from the few good ones.
The only way to reliably make money in the art industry is to be an expert yourself, and even then it isn't a sure bet.