This is a professional appraisal report, provided upon request. In this report, I researched and interpreted information provided by the requester. The appraisal report contains different sections to complete the description, identification, and appraisal of this artwork ( A Painting attributed to Jean-Michel Basquiat ). Extra information like provenance, author, style of painting, date, appraisal method (Mark to Market Valuation) and recommended venues to pursue selling.
This report is designed to give you an appraisal value for the artwork you own, whether it is a painting, sculpture, or another type of art. The information provided will help you to understand your piece and its value. I use the world reserve currency (US dollars) to appraise each artwork. The selection aims to avoid currency risk variations that could affect appraisals over time. This report is not intended to encourage you to sell your art; rather, it aims to provide information on your art’s value, so that you know what steps to take if you do wish to sell. It is recommended to update the reports (if for insurance) every three years, to reflect changes in the market and account for inflation.
Description, research, and provenance of A Painting attributed to Jean-Michel Basquiat
Image Recognition with Artificial Intelligence
To investigate this work of art, I used image recognition with artificial intelligence to try to find the first clues. Image recognition, in the context of machine vision, is the ability of software to identify artworks, objects, places, people, shapes, or forms. Computers can use machine vision technologies based on artificial intelligence software to find images similar to the input picture. A specialized program is used to determine whether the front photograph of the artwork is available on the internet. The software takes the picture as an input, compares it with millions of other works in the database, and outputs similar images. This software will be useful later to determine the origin of the art piece. For clatification, the input image is a frontal picture, straight, leveled and filtered image of your artwork. The results of the automatic recognition are not conclusive. If a match is found, it will be shown below:
What specific information can we obtain from this test?
The frontal artwork picture isn’t similar to any of the previous results. In this case, we can confirm that the artwork is an original scene and original artwork. By “original scene”, I refer to a painting of a scene that has never been painted before. By “original artwork,” I refer to an artwork that has been hand painted by an artist as opposed to a print, a limited edition print, a poster, or a postcard. While some results may show similarities, I concluded they are too unconcise to be considered relevant.
From the pics, my first guess this is an original Jean-Michel Basquiat painting.
Jean-Michel Basquiat was a neo-expressionist painter, graffiti artist, musician, and pop sensation during the brief time of his life. Despite being a well-known artist, Basquiat developed a heroin addiction. His addiction worsened after his buddy Andy Warhol passed away in 1987. Be got more and more secluded until passing away in 1988 from a heroin overdose. Numerous exhibitions of his art have been staged since his passing, and his work and life have served as inspiration for biopics, memoirs, collections of poems, and feature films.
In this part, I study and research the signature of the artwork. I used a larger picture of the signature and tried to interpret it. Here is a picture of a known Jean-Michel’s signature:
However, he didn’t sign all his artworks. Some of them only have a “crown” icon, similar to this one:
This exact icon can be found at the front of this artwork. At this point, I can appraise the painting as “attributed” to Jean-Michel Basquiat. This means that you cannot prove (at this point) the authenticity of the painting, but everything indicates the artwork is original. Prices for “attributed to” artwork are lower than for certified artwork. In some cases, it is worth obtaining a certificate of authenticity.
Medium, frame construction, style, and frame
Now that I have more information about the artist, I can check if the style and type of painting matches the artist referenced. An artist may change painting style, scenes and compositions with time, so I checked similar paintings during the whole lifetime of the artist. In this test, I would expect to find similar known paintings made by this artist.
Another important point is to date the painting and check if the frame construction technique, medium used and colors matches the lifetime period of the artist. There are many variables in this step, so I will explain here an example so you can understand the purpose of this part. I check the frame construction for small details, like the type of metallic parts used, if the wood joints and cuts are irregular, or if the wood cuts were machined. That small details can help to know the age of the painting. For instance, a the frame construction that includes modern metallic pieces like flat-head nails, staples, or Phillips-head screws can be dated circa 20th Century. Older frames comprises the use of irregular wood cuts (hand made) and hand forged metallic parts. In some cases, you can see absence of metallic parts. This is only an example for the frame construction, but I consider the type of medium used and the color palette. As a reference, a picture of the back of this artwork is included below:
For this painting, we can see there is plenty of information on the back. We can see the year of the painting and that it was made in New York. Both the year and city perfectly match with recognized artwork made by Jean Michel [example]. The frame construction is circa late 20th century, and there are plenty of examples where Jean Michel made all kinds of graphs on the back of his artworks.
Another interesting test is to shine the fron of the painting with UV (black) light. See this example.
I think this artwork is valuable and could be of interest to art collectors and decorators. At this point, with the information provided, I can only appraise it as “attributed to Jean-Michel Basquiat”. There are many reproductions of his artworks on the market, and if you want to prove it is authentic, you would need to pass a certificate of authenticity examination.
The artwork is of good quality; the composition is harmonious; and the creator chose a distinctive, alluring, and warm color palette. I believe that decorators and/or collectors would be interested in this work of art. Such high-caliber paintings are uncommon.
A Painting attributed to Jean-Michel Basquiat : Final Appraisal Value ($)
Appraisal Report made by:
BSc, MSc, Expert Art Appraiser
10+ year of Experience in Online Art Appraisals.
100k+ Customers Served.
Antique Store Owner.
You can check my portofolio of past appraisals here:
How to sell it
Antiques, art, and other collectibles are difficult items to sell online. This can take a lot of time. Be patient, but also make sure that the price you are asking for is the right one for your pieces of art. Consider the following tips on how to sell antiques and collectibles online. These tips will help maximize the price of your antique or collectible.
I would recommend selling it online, there are many ways to do this, for instance: Post an ad on Craigslist. Use eBay to sell antiques online. Post a listing on the Etsy marketplace. Sell with direct messages using Instagram. Create a website using Squarespace or WordPress. Use Shopify to sell via a website, POS and social channels. List your items on Bonanza.com, Facebook Marketplaces or Amazon Marketplace. The higher number of ads the better, if you don’t have time, I would recommend to start with Facebook, Etsy and Amazon.
The key to selling antiques on-line is to let potential customers know that you know what you are talking about. It’s much more difficult to sell something when the potential buyer can’t be sure it is authentic. Sellers should use a well thought out descriptive guides, like this report. A good lead generation service should be helpful in establishing these relationships with online buyers, and an effective way to do this is through a classified ads. If a buyer asks for more information, giving them some valuable facts well ahead of time will get you more sales because your reputation increases and real customers are the ones who ask for more details.
In order to sell your Antiques online, you will need to create a profile on the relevant forum (Etsy, Amazon and FB). Make sure you add a high-resolution image of the product (include at least 3 detailed photos) and add some text. The text should be informative and straight to the point, nothing fancy or fluffy.
Asking price is a big factor to sell your antique. If your asking price is too high (fancy company stickers, missing parts, or chip paint) you are unlikely to get many bids. If the asking price is too low it will cost you money for repairs, shipping, and insurance. As a general rule, I would recommend setting an asking price that is 80% of the value of this report, so you will make the listing attractive from the beginning.
About the valuation method
To value this item I have considered the results from past auction sales. Keep in mind that the final price can be different from asking prices that you can find on the internet. You can see ads on the internet with different asking prices. However, a very high asking price doesn’t normally find cash from a buyer.
That’s why our method comprises searching and comparing similar past sale results that had a buyer. That’s why we can provide an accurate estimation of this item.
For art pieces, remember that it isn’t the same a print, a limited edition print or an original art piece. If the artist can’t be identified, the value assigned corresponds to the quality and potential interest of the market for the painting.
To value this item I have considered the results from past auction sales. Keep in mind that the final price can be different from asking prices that you can find on the internet. You can see ads on the internet with different asking prices. However, a very high asking price doesn’t normally find cash from a buyer. That’s why our method comprises searching and comparing similar past sale results that had a buyer. That’s why we can provide an accurate estimation of this item.
Trying to determine likely interests and tastes of a broad market can be tricky. Works by a lesser-known artist may reveal greater interest to collectors than you might expect, but it is difficult to know without some market research. The same applies for artists who have works in the major museums or galleries but whose work doesn’t command large prices at auction or from dealers. Do not confuse print original limited edition. Be aware that the value of a piece of art is linked to the artist’s name and reputation. The quality of the work of art, its potential interest, are also major factors in its evaluation.
Quality art can be a good investment, but a large print or lithograph might not be as valuable. There are many different kinds of prints. An original piece of art has the highest value, followed by limited edition prints, which have a set number of prints produced.