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?
Based on the information provided, it is my professional opinion that this artwork is an original limited edition shadow box, hand signed and numbered by the artist David Kracov. The artwork is titled "Sell!!!" and is coded "KRD-SB-CL-0098". It is a depiction of Duffy Duck selling stocks and is size 68x64 cm number 21 out of 25. It is also an artist proof. This artwork is an original piece, and is not a reproduction, limited edition print, or print.
As an experienced art appraiser, I employ a variety of methods to determine the age of a particular painting. In the case of the painting "Sell!!!" by David Kracov, I used a combination of the construction of the back and frame, the color palette, the outer frame, the painting style, and the period when the artist was active. The back and frame of the painting are a modern construction, with a solid wood frame and a black canvas backing. The color palette of the painting reflects the artist's unique style, and the outer frame and painting style are consistent with the artist's work in the late 20th century. Additionally, the artist was active in the late 20th century, and the limited edition number and size of the piece are consistent with his work during this period. All of these factors together provide further evidence that the painting is indeed from the late 20th century.
Based on this information and the pictures provided, I can estimate this painting was made circa 2000s.
Condition of the artwork
As an appraiser, I have the privilege of examining the original Shadow Box Shipping From Gallery Hand Signed and Numbered Limited Edition with the title “Sell!!!” and Code “KRD-SB-CL-0098” by the renowned American painter, animator and sculptor David Kracov (born 1968). This artwork measures 68×64 cm and is number 21 out of 25. It depicts Duffy Duck Selling Stocks and is an Artist Proof. It is in good to excellent condition; the colors are vibrant and the lines are well-defined. The composition is well-balanced and the overall condition is excellent.
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:
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.
David utilizes his movement background in the fine art he creates: His paper cut series is highly motion-oriented and his steel wall pieces are dynamically composed with various shapes of negative space.
Much of his metal wall sculptures feature familiar characters and motifs from animation, literature, and popular culture including Lassie, Looney Tunes, Lord of the Rings, and Disney characters, as well as fantastical birds, trees, undersea creatures, vibrant planets, and elegant butterflies.
David believes that art can heal darkness and suffering, and creates the most evoking pieces. It is his passion and skill, and it’s why people enjoy his work the world over. He continues to collaborate with renowned organizations, art galleries, and collectors, creating timeless and exquisite pieces. In 2021, Kracov plans to work on projects that combine his two passions: sculpture and animation.
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 original shadow box painting, titled "Sell!!!" by listed American painter, animator, and sculptor David Kracov (born 1968), is a limited edition piece with the code "KRD-SB-CL-0098". The size of the painting is 68x64 cm, and this is number 21 out of 25. The subject matter of the painting is Duffy Duck selling stocks, an interesting and unique choice of subject for a painter of Kracov’s stature. The painting’s style is a mix of cartoon and realism, which is particularly notable in the details of Duffy Duck’s facial expression. This painting is significant in the artist’s oeuvre as it demonstrates Kracov’s versatility and demonstrates his skill in combining different styles into a single work of art. It is also significant in the broader art world, as it shows Kracov’s ability to create a unique and captivating painting that speaks to the current economic and political climate in a creative and engaging way.
Comparable sales information, including prices realized at recent auctions or private sales of similar works by the artist or in the same medium.
Comparable sales information, recent auction prices, and other relevant market data are essential in providing an up-to-date estimate of the fair market value for the painting “Sell!!!” by David Kracov. These data points provide valuable insights into the artwork’s valuation changes due to environmental or economic factors, and are essential for various purposes such as insurance, estate planning, and art market analysis. By looking at the recent market data, an individual can determine the current value of the painting, as well as any potential changes or fluctuations in its value. Additionally, it can provide a benchmark for pricing the artwork in the future. Knowing the fair market value of the painting is necessary for setting an appropriate insurance policy, making appropriate estate planning decisions, and analyzing the art market to ensure that buyers are getting the best value for their money.
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.
Investing in art can provide many benefits. Art can be a great way to diversify one's portfolio and can appreciate in value over time. Beyond just a financial return, art can be enjoyed and bring a sense of fulfillment to the collector. Additionally, purchasing artwork can be a way to celebrate cultural significance and to ensure the preservation of art for future generations. Purchasing an original shadow box from the gallery hand signed and numbered by Listed American painter, animator and sculptor David Kracov, with title "Sell!!!" and code "KRD-SB-CL-0098" with size 68×64 cm #21 out of 25 depicting Duffy Duck Selling Stocks Artist Proof, can be a great investment. Not only will the collector enjoy the artwork, but they can also have the assurance of a diversified portfolio and be confident that the artwork will retain and appreciate its value over time.
In conclusion, this painting by David Kracov is of great value in the art market due to its rarity and the reputation of the artist. The painting is an original Shadow Box Shipping from Gallery, hand signed and numbered Limited Edition with title "Sell!!!" and code "KRD-SB-CL-0098". It was created by the American painter, animator and sculptor David Kracov, who was born in 1968. Furthermore, the painting is #21 out of 25, depicting Duffy Duck selling stocks, and is an Artist Proof. Its size is 68×64 cm. All of these factors combined make this painting highly desirable and likely to appreciate in value over time.
Final Appraisal Value ($)
Appraisal Report made by:
BSc, MSc, Expert Art Appraiser
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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.
We recommend the following text Ad Copy:
This unique limited edition artwork is a must-have for any art collector. The "Sell!!!" shadow box is a hand-signed and numbered piece by American painter, animator and sculptor David Kracov. Only 25 of this edition have been produced, with this being number 21. Crafted with a size of 68 × 64 cm, it features Duffy Duck selling stocks and is an artist proof. Not only is it a great addition to any art collection, but it also comes directly from the artist's gallery. Own a piece of art history with this limited edition shadow box by David Kracov. The "Sell!!!" artwork is a vibrant and unique piece that will stand out in any collection. This is a rare opportunity to purchase an artist proof, limited to only 25 worldwide, and this is number 21. Besides being a stunning artwork, it is also hand-signed and numbered by the artist, and comes directly from the artist's gallery. Don't miss out on this one-of-a-kind piece, and add an impressive artwork to your collection.