If you are thinking about purchasing a piece of fine art, it is in your best interests to have the piece appraised. There are many reasons to get an art appraisal, but none more important than self-protection. The more you know about the artwork you plan on buying, the better you can shield yourself from overpayment.
Fine art is an investment. A quality piece of artwork is only going to increase in value over time. Thus, it is important to have artwork appraised before making a purchase. Doing so will ensure that you are paying the appropriate cost. This is especially the case when it comes to original art. Though there might be thousands of copies floating around, originals are one-of-a-kind.
Appraisals are also important for insurance purposes. Should, for any reason, the artworks in your possession become damaged and/or stolen, having a professional appraisal will ensure your fiscal protection. Without one, it is your word against the insurer what your damaged/missing art is actually worth.
At Greg Lane Fine Arts, we are huge advocates for professional art appraisals. Our professionals have been working in the art business for more than 20 years and are well-versed in art assessment. For more information about fine art appraisals or if you would like to have one, please don't hesitate to contact us. We would love nothing more than to help.