Selling an Art Collection: A 5 Step Art Market Adventure
If you’ve inherited an art collection and you’re considering selling all or part of it, you are in for an art market adventure! It can be an emotional and financial roller coaster ride, so it pays to take your time, consult with experts and enjoy learning about the other side of art collecting. Step One—Discover What You Have So You Can Sell The very first step is to figure out what—exactly—you now own and how much the individual pieces are worth in today’s market. This is a good time to bring in both an art appraiser (to help you get an idea of current market values) and an art conservator to assess any damage that may need to be addressed prior to sales. There will likely be some surprises in the collection. A small drawing that you never noticed could be a student-era work by a now coveted sculptor, while a painting by an artist prominent in the 1950s may be of little interest in today. Right now there are art markets for buyers with budgets that range from a few hundred to millions of dollars. With per...
tumblr