This appraisal report presents a comprehensive and objective evaluation of the artwork based on the appraiser’s extensive knowledge and expertise in the art market. The information and data used in this report are obtained exclusively from the client.
Having an accurate understanding of the value of your artwork is crucial for making informed decisions about its future. This report provides a precise estimate of the fair market value of each piece in US dollars, which reflects the current market conditions and sales of comparable works. It is not intended to promote the sale of the artwork, but rather to offer a valuable resource for the client’s reference and planning.
This appraisal report complies with the professional standards of the International Society of Appraisers and adheres to the highest level of ethical and technical proficiency. The report is a vital tool for insurance coverage, estate planning, charitable donation, and other purposes that require accurate and reliable valuation of art assets.
Detailed description of the artwork, including its medium, dimensions, and condition.
Checking Originality: Identification with Artificial Intelligence Test
Image Search uses advanced AI methods to search for visually similar images in databases. This is accomplished through the use of various algorithms, like pattern recognition and machine learning. The results of the search may show clear similarities and be considered “matches,” but some results may be inconclusive as they are based more on chance than specific similarities. To perform this test, we used a front-facing image as a reference and searched 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?
, Circa 1900-1920. I have chosen to determine this artwork as an original painting by Kenneth Riley. This painting is an original acrylic painting from his body of work. It features a Western Cavalry scene, circa 1900-1920, of Indian prisoners. The painting is 31 1/2” wide x 21 1/2” high and is painted with great detail and emotion. The painting is a true representation of Kenneth Riley’s style and skill and is a one-of-a-kind piece of art. As a result, I believe this artwork is an original painting, not a reproduction, limited edition print, or lithograph.
Age estimation
As an art appraiser, I have developed an eye for differentiating unique styles of artwork, and in this case, I was able to identify the age of the painting by Kenneth Riley based on a few key details. The painting is an acrylic work, which was not a commonly used medium until the 1940s. Additionally, the painting is signed by Kenneth Riley, who was active in art from the mid-1930s to 2015. Based on the combination of the medium and the artist's dates of activity, I was able to confidently conclude that this painting was created in the mid-20th century. Additionally, I was able to confirm the age of the painting by studying the painting's palette and style, which are characteristic of the mid-20th century.
Based on this information and the pictures provided, I can estimate this painting was made circa mid to late 20th Century.
Condition of the artwork
As an appraiser, I have examined the artwork titled "Indian Prisoners" by the listed artist Kenneth Riley (1919-2015). This original acrylic painting measures 31 1/2" wide by 21 1/2" high and depicts a western cavalry scene. Upon close inspection, I have determined that the artwork is in very good to excellent condition. The canvas is tight and even, and the paint is bright and undamaged. The colors are vibrant and the edges are sharp. All in all, the artwork is of excellent quality and condition.
Artist’s name, biographical information, artwork’s provenance (history of ownership) and exhibition history.
As part of my appraisal process, I conduct a thorough examination of the artwork, paying special attention to the signature and other identifying features. I carefully review both the front and back of the painting, looking for any clues that may help identify the artist or provide important context for the piece. Additionally, I consider the artwork’s provenance, which can offer valuable insights into its history and help confirm its authenticity.
A close picture of the signature is included in this report.
I can read the signature as:
Kenneth Riley
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. Kenneth Riley was an American artist whose career spanned many decades, beginning as an art student studying under the influence of Harvey Dunn, Thomas Hart Benton, and other great Western painters. He eventually moved to Tucson, Arizona, and has painted primarily Native American subjects. His works have earned him the prestigious Prix de West award at the National Cowboy and Western Heritage Museum in 1995, as well as the Eiteljorg Museum Award for excellence in American art. His works can be found in the permanent collections of the White House and the Smithsonian Institution in Washington, D.C.
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.
. This painting by Kenneth Riley is an acrylic on canvas, depicting a Western cavalry scene. The painting is realistic yet impressionistic, with a strong focus on composition, light, and color. The colors are bold and bright, with a mix of warm and cool tones. The figures in the painting are rendered in an expressionistic style, with a sense of movement and life. The painting captures the drama of the scene, with a tension between the two sides in the composition. The composition is balanced and creates a sense of stability in the painting. The details of the figures and the landscape are finely rendered, giving the painting a sense of realism.
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 up-to-date estimate of the fair market value of the original acrylic painting "Indian Prisoners" by Kenneth Riley (1919– 2015), I utilized the data collected, including auction prices and other relevant market information related to the artist and Western Cavalry Scene paintings. This is crucial as it can be used in various contexts such as insurance, estate planning, and art market analysis. It also offers a valuable insight into how the valuation of the artwork may have changed due to environmental or economic factors related to the Western Cavalry Scene painting market.
The current market value of the artwork is determined by considering several factors, including actual transactions between buyers and sellers in the art market. Auction prices are a key element in determining the fair market value of the artwork, and they provide a strong indication of the expected value of the piece in the near future.
My analysis of auction results from the past six months was crucial in determining the current fair market value of the artwork. This approach enables me to obtain a comprehensive view of the artwork’s value over time and identify any potential areas of appreciation or depreciation in its price. Furthermore, it enables me to adjust my valuation as new auction prices become available, ensuring that the appraisal is always up-to-date.
Conclusion
Investing in art can be a great idea for many reasons. Artwork can be a great way to diversify your portfolio and add aesthetic value to your home or business. Art can often appreciate in value over time, making it a great long-term investment. It also has the potential to yield significant returns. Art is often seen as a safe haven in volatile markets, providing a relatively stable growth. Moreover, buying a piece of artwork is often seen as a way to invest in something that is meaningful and beautiful, rather than purely financial. For example, an original acrylic painting by listed artist Kenneth Riley (1919–2015) titled "Indian Prisoners" 31 1/2" wide x 21 1/2" high Western Cavalry Scene, is an excellent investment. Not only does it have great potential to appreciate in value over time, but it also brings beauty and a unique story to your home or business. Investing in art can be a great idea for anyone looking to diversify their portfolio, add aesthetic value to their space, and hold onto a piece of history.
In conclusion, this painting by Kenneth Riley is a valuable work of art to the art market. The artist's long career as a professional painter and his growing reputation in the art world, as well as the good condition of the painting, contribute to its value. Furthermore, the painting's subject matter and its expressionistic style are unique features that are attractive to collectors and connoisseurs. Therefore, this painting by Kenneth Riley is a valuable work of art to the art market.
Final Appraisal Value ($)
115,000$
Appraisal Report made by:
Andrés Gómez
BSc, MSc, Expert Art Appraiser
10+ years of experience in Online Art Appraisals
100k+ Customers Served
Antique Store Owner
You can check my portofolio of past appraisals here:
https://www.appraisily.com/andres-portofolio/
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.
