PAMELA BROWN, AAAPB Fine Art Appraisal, LLC
PB Fine Art Appraisal, LLC was established in 2006. We are located in Chester County outside of Philadelphia.
We are available to perform appraisals throughout the United States.
We appraise Fine Art. Our designated specialty is African American Fine Art; Paintings, Sculpture, Works on Paper and Mixed Media.
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Fine Art Valuation
Art valuation, an art-specific subset of financial valuation, is the process of estimating the market value of works of art. As such, it is more of a financial rather than an aesthetic concern, however, subjective views of cultural value play a part as well. Art valuation involves comparing data from multiple sources such as art auction houses, private and corporate collectors, curators, art dealer activities, gallerists (gallery owners), experienced consultants, and specialized market analysts to arrive at a value.
As in the real estate market, “comparable” is used to determine the level of demand for similar goods in today’s market. Comparable freshness is important because the art market is volatile and stagnant comparisons provide estimates that may have nothing to do with the value of current work. The subject and medium of the work also influence market demand and scarcity.
Liquidity in the art market means having works of art that are in high demand and being able to sell them without a hitch. Sales of artwork slowed down, making the market even more illiquid. Art investors have a greater liquidity risk than other financial assets because of the limited number of potential buyers. If the artwork fails to meet its reserve price and is not sold, this affects the auction price.
Trends in the value of the world’s top auctioneers are compared to examine the direction of the market and its impact on specific artists and works. Reviews of art for sale on the best homes on the market usually weigh more than reviews from less established homes, as most of the best homes have hundreds of years of experience.
Pamela Brown, AAA
Appraisers Association of America
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