This art appraisal report offers an in-depth and impartial assessment of the artwork in question, grounded in the appraiser’s expertise and familiarity with the art market. All the information and data analyzed in this report is sourced solely from the client.
Having a clear understanding of the value of your artwork is crucial in making informed decisions about its future. This report provides a precise estimate of the value of each piece, using US dollars as the base currency. It is not intended to encourage the sale of the artwork, but rather to provide valuable information on how to proceed should the client decide to do so in the future.
Detailed description of the artwork, including its medium, dimensions, and condition.
Checking Originality: Identification with Artificial Intelligence Test
In the quest to identify a match, Image Search employs advanced AI techniques to scour databases of images in order to find visually similar images. This is achieved through the use of various algorithms such as pattern recognition and machine learning. While some results may be considered as “matches” due to a clear similarity, other results may be inconclusive as they rely more on chance rather than any specific similarities. To conduct this test, a front-facing image was used as a reference to search for similar images on the internet.
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 algorithm found an exact match. This result is associated with prints, either regular or limited edition prints, that were hand signed by the original artist of this piece of art. It’s important to determine what type you have, so I need to go through the research and inspection process.
Pop Shop VI by Keith Haring is a suite of four silkscreen prints on paper created by Keith Haring in 1989. These four prints by Keith Haring are each available in editions of 200. Keith Haring is recognized for his exclusive use of black and white, and typical use of primary colors, the figures were simplified, and easily recognizable as his. They formed glyphs that could be read, like an urban, tribal language.
“Here’s the philosophy behind the Pop Shop: I wanted to continue the same sort of communication as with the subway drawings. I wanted to attract the same wide range of people and I wanted it to be a place where, yes, not only collectors could come, but also kids from the Bronx… this was still an art statement.” – Keith Haring
The age of the painting, "Pop Shop VI" by Keith Allen Haring, can be determined by examining a variety of characteristics. The frame construction of the painting can give clues as to the age of the painting. For example, the type of frame, the materials used and the craftsmanship of the frame can suggest the age of the painting. Additionally, the color palette used on the painting can be an indicator of the painting's age. Colors that have faded over time or modern colors used may suggest that the painting is of a certain age. Furthermore, the signature of the artist on the painting can provide valuable insight into the age of the painting. In the case of "Pop Shop VI," the signature of Keith Allen Haring can be used to determine the age of the painting, as he passed away in 1990. Therefore, the painting must have been created prior to 1990. Examining the characteristics of the painting, such as the frame construction, color palette and signature, can help to determine the age of the painting.
Based on this information and the pictures provided, I can estimate this painting was made in 1989.
Condition of the artwork
This Limited Edition Print Artist Proof #22/25 titled "Pop Shop VI" by Keith Allen Haring is in excellent condition, needing no restoration. There are no appreciable damages, and if any, they are minimal. This artwork is a great piece to own, as it is in top condition and has been well cared for. Haring's artwork is a reminder of his unique style, which has been a source of inspiration for many.
Artist’s name, biographical information, artwork’s provenance (history of ownership) and exhibition history.
I study and research the signature of artwork to see if it matches any known signatures. At this step, I also inspect the painting’s front and back pictures, to find an artist’s name or other identifying features like stickers that may help me identify who has made this work. If there is any, provenance is also seen as an important variable because it helps figure out who the artist is.
A close picture of the signature is included in this report.
I can read the signature as:
At this point, I can use the signature and try to find the artist’s name in a database of known-listed artists. Basically, it is a database with information about the names, surnames, origins, and biographies of the most well-known artists.
I found that the artist who painted this artwork is a listed and well known artist.In summary, Keith Haring was an influential 20th century artist and social activist known for his black and white drawings and glyphs. His work was very much in response to the street culture of the 1980s, and was heavily influenced by the Pop art movement. He was also actively involved in raising awareness for AIDS, and his work continues to be celebrated to this day through the Keith Haring Foundation.
Detailed analysis of the artwork’s style, subject matter, and significance within the artist’s oeuvre and the broader art world.
I can check if the style and type of painting match those of the artist referenced.
The painting "Pop Shop VI" by Keith Allen Haring (May 4, 1958 – February 16, 1990) is an example of a unique and vibrant art style. The use of vivid, bold colors, exaggerated shapes, and abstract forms creates an energetic and captivating composition. The painting's signature energetic lines and iconic characters add a playful element to the piece, while the limited edition print artist proof #22/25 adds an element of exclusivity. The combination of these elements creates a one-of-a-kind, eye-catching work of art.
Comparable sales information, including prices realized at recent auctions or private sales of similar works by the artist or in the same medium.
In order to provide an accurate estimate of the fair market value for the limited edition print artist proof #22/25 titled "Pop Shop VI" by Keith Allen Haring, I utilized the data collected, including auction prices and other relevant market information. This is crucial as it can provide valuable insight into how the value of the artwork may have changed due to economic, artistic, and cultural recognition of the artist, or external environmental factors. Furthermore, this data can be used in various contexts such as insurance, estate planning, and art market analysis.
The auction prices were a significant factor in determining the current market value of the artwork, as they are based on actual transactions between buyers and sellers in the art market. As such, they are a strong indicator of the expected value of the piece in the near future.
By analyzing auction results from the last 6 months, I was able to accurately determine the current fair market value of the artwork. This approach provides a comprehensive view of how the value has changed over time and gives insight into any potential areas of appreciation or depreciation in its price. Additionally, it allows me to adjust my valuation as new auction prices become available.
Investing in art can be a great idea for many reasons. Not only does purchasing a piece of artwork provide you with a beautiful and unique piece to hang in your home, but it can also offer a great return on investment. It is estimated that art can appreciate in value by up to 8% each year, which is more than the average stock market return. Furthermore, investing in art can help diversify your portfolio, as it is not correlated to other traditional investments. Additionally, buying a limited edition print, such as Artist Proof #22/25 titled "Pop Shop VI" by Keith Allen Haring, can provide an even greater return on investment. These types of prints often appreciate in value more quickly due to their rarity, making them a highly sought-after item. With all these benefits, it's no wonder why investing in art can be a great idea.
This painting can be considered valuable by the art market due to its limited edition, artist proof status and the fact that it is by the renowned American artist Keith Allen Haring. Haring is a highly regarded artist, best known for his pop art and graffiti-inspired work, and his work has been featured in numerous museums and galleries around the world. This particular painting is a limited edition of only 25 prints, making it even more collectible, and the fact that it is an artist proof further adds to its value. Additionally, the painting references Haring's signature style, making it a desirable piece for art collectors.
Final Appraisal Value ($)
Appraisal Report made by:
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Relevant photographs or supporting documentation, such as condition reports or expert opinions
A detailed summary of the appraisal process and the appraiser’s qualifications.
Mark-to-market art appraisal is a vital method for determining the current value of a piece of artwork. This form of valuation requires an appraiser to consider various factors, such as market conditions, the condition and age of the artwork, and the artist’s reputation. By taking all these elements into account, a mark-to-market art appraisal delivers an accurate assessment of a piece of artwork’s current market value.
The artist’s reputation, as determined by their track record in gallery and museum shows, awards, and other accomplishments, is also considered in mark-to-market art appraisal. Appraisers use this information to determine if the value of a piece is likely to increase or decrease over time. Additionally, they will inspect the condition of the artwork and note any signs of wear or damage that might affect its future resale value.
When performing mark-to-market art appraisals, appraisers also consider market conditions by researching current art market trends and comparable works that have recently sold. This information is used to provide an estimate of a piece’s worth at that point in time. By considering all of these factors, mark-to-market art appraisal is able to give a reliable indication of the current value of a work. This kind of valuation can also ensure fair prices are paid and received when buying or selling art.
In summary, mark-to-market art appraisal is a crucial tool for determining the true value of a piece of artwork, enabling buyers, sellers, and appraisers to make informed decisions regarding its worth. It takes into account multiple aspects to provide an accurate assessment of the current market value of a work. This information can be used to ensure that buyers and sellers are getting a fair price for the artwork, and that the appraiser’s valuation is up-to-date and reflective of current market conditions.
In the case of insurance replacement appraisals, mark-to-market art appraisals can also be used to accurately estimate the cost of replacing a lost or damaged artwork. The current value, as determined by the appraisal, is then used to determine the amount that the insurance company will pay back to the policyholder. This way, policyholders can rest assured that they will receive an appropriate sum for any artwork that needs to be replaced due to accidental damage or theft. Additionally, this kind of valuation helps insurers ensure they are not being overcharged when artwork needs to be replaced as part of a claim settlement.
The appraisal process is a thorough evaluation of the item or items in question. It involves researching and analyzing the information provided by the requester in order to provide an accurate estimate of its value. The appraiser takes into account factors such as condition, rarity, demand, and market prices. Photographs and detailed descriptions are especially important when providing an appraisal, since they help the appraiser identify any potential flaws or defects that could affect the item’s worth. By using all the resources that are available, an evaluation can be done quickly, efficiently, and with a high level of accuracy.
A statement of the appraiser’s liability and any potential conflicts of interest.
A qualified art appraisal, also known as a formal written evaluation, is a professional assessment of the monetary value of a piece of art by an individual who has specialized knowledge, expertise, and training in the field of art appraisal. This person must meet certain educational and professional requirements, including experience in researching and evaluating art, as well as knowledge of the art market and current market trends. The purpose of a qualified art appraisal is to provide an objective and unbiased opinion of the value of a piece of art for various purposes, including insurance claims, tax planning, estate planning, or to help determine a fair price for a sale or purchase.
We are committed to providing our clients with the most accurate and unbiased appraisal reports. To ensure impartiality, we adopt a flat rate, fixed fee structure for all appraisals, instead of a percentage-based fee. This eliminates any potential conflicts of interest between the art appraiser and the final report value. Our appraisal reports are in compliance with the Appraisal Foundation’s USPAP (Uniform Standards of Professional Appraisal Practice) standards and guidelines, which are widely accepted as the ethical and performance standards for appraisers. This guarantees that our reports are of high quality and legally defensible.
How to sell this artwork.
We have a structured guide to help you sell your artwork, you can find it here.