Art evaluation is a complex process significantly impacted by various market elements and trends. The art market, like any other, is highly fluid. It may be hard for a novice collector to understand why a special piece is valued so little. The rule of thumb in evaluating art is to ask an expert. However, there are steps an Asian art collector may undertake to get a better idea of the estimated value of a certain piece.
Whether you've recently purchased a piece, are planning to sell one, or are just wondering, this article will guide you in determining the value of your Asian art.
Examine The Artwork
While most people would directly consult with an expert, some would first examine the artwork itself. To give you an idea of what you are looking for, here are some key factors that may influence
Asian art valuation:
Authenticity
Your first step in determining the value of your Asian art is to recognize its authenticity. A work of art is officially authenticated before being declared to be of exceptional worth. Contemporary Asian art is probably the most frequently authenticated because the artist may still be alive and could prove that theyre the ones who created the artwork. Yet, if the artwork wasnt made recently, the documentation for the piece must be validated and the observable features of the piece itself must be studied.
Because forgery isnt unheard of, the authenticity of an artwork is of utmost importance. As a result, never purchase an artwork that hasnt been authenticated.
Artist
Another factor to consider is the artist. Artists such as
Yayoi Kusama and Ai Wei Wei are more influential than others. As a result, their works will be more valuable than others. On the other hand, a budding artist cant be overvalued. However, fresh up and comers have been known to defy this notion from time to time. Some artists produced pieces whose prices have grown significantly, turning them nearly exclusive.
All else the same, an artist who created more wouldn't have the same worth as one who made less. Remember that knowing the artist's name doesnt indicate the actual value of an artwork, but it does give you an estimate of the price range.
Condition
The condition is the next aspect thats evaluated, and it plays a significant role in determining the final value of the work. Any alterations in the form, restorations, and the effects of any modifications to the physical integrity or visual quality of artwork are all essential considerations. If any of these variables exist, the piece's value plummets at an alarming rate. Simply put, the pristine state of an Asian art piece is more valued.
Its essential to consider the condition in conjunction with all other factors on this list. For instance, an artist whos highly sought after may have a higher value for work in poor condition.
Subject
While it may appear strange at first, the piece's subject matter is a significant factor in Asian art valuation. Depending on the theme illustrated, its sometimes possible to assume a market, narrowing the probable value of Asian artwork. To some extent, it's a question of preference. Some subjects tend to sell better than others, raising the value of the work. A painting of a female nude, for example, is more appealing to buyers than a painting of an older man.
As such, the subject should be in tandem with other factors. If people reduce the market of potential customers by a piece's subject matter, the price will go up.
Understand The Market
Asian art's value is often determined by market demand. If the market becomes obsessed with an artist, their value will skyrocket, but constants tend to be changeless. The market is unpredictable, and paintings and other prestige items become more valuable. Many variables can influence the art market, so it's critical to observe, recognize trends, and understand what collectors are searching for right now. You can also practice valuing art by keeping an eye on prices in renowned auction houses and at art exhibitions, as well as comparing trends.
Get The Final Value
When valuing artwork, research markets and keep tabs on auctions and art exhibitions. From then on, you can determine the final value by:
Studying How Much Other Similar Works Of Art Have Sold For
When comparing prices, employ a price range rather than a fixed price. Rather than saying a piece is worth USD$1,000, art evaluators will usually indicate its valued between USD$700 and USD$1,500.
Understanding That Rare Artworks Are Difficult To Evaluate And Might Fluctuate
Its challenging to evaluate an Asian artwork thats truly unique and doesnt have any comparison. The price determined is considered to be exceptionally unpredictable.
Analyzing Scale, Intensity, And Medium
An artwork's scale refers to its dimensions and degree of detail. Intensity describes the degree to which an artist puts into his work. Medium refers to the material's
quality. When you add these factors together, you should have a reasonable estimate of how much your Asian art is worth.
Conclusion
One of the biggest challenges that Asian art collectors face is determining the value of their artwork, especially given the volatile market conditions that affect how people value art. Fortunately, this post exists to help you get a better idea of an Asian artwork's value.