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, I have concluded that this artwork is an original, limited edition shadow box by listed American painter, animator and sculptor David Kracov (born 1968). The artwork is hand-signed and numbered (#4 out of 25) with the title "Winning By A Hare" and code "KRD-SB-CL-0102". It depicts Bugs Bunny and Daffy Duck in a boxing match and measures 63x68 cm. The AI image search test results support the conclusion that this is an original artwork.
As an experienced art appraiser, I used a few different methods to determine the age of this painting, "Winning By A Hare" by the American painter, animator and sculptor David Kracov (born 1968). Specifically, I looked at the construction of the back and frame, the color palette, the outer frame, the painting style, and the period when the artist was active. All of these factors played a role in determining the age of the painting. Additionally, the code "KRD-SB-CL-0102" and the size (63x68 cm #4 out of 25) helped me to accurately date the painting as recent. This painting is a limited edition Shadow Box Shipping from the Gallery, hand signed and numbered, and depicts Bugs Bunny and Daffy Duck in a classic style. All of the elements of this painting indicate that it was created in the 21st century, likely by the artist himself.
Based on this information and the pictures provided, I can estimate this painting was made circa 2000s.
Condition of the artwork
I am pleased to report that this Original Shadow Box Shipping From Gallery Hand Signed and Numbered Limited Edition with title "Winning By A Hare" and Code "KRD-SB-CL-0102" by Listed American Painter, Animator and Sculptor David Kracov (born 1968) with Size 63x68 cm #4 out of 25 depicting Bugs Bunny and Daffy Duck is in good to excellent condition. The colors are vibrant and the lines are sharp, showcasing the artist's skill. The piece is free from any chips, scratches, or other signs of wear, further indicating its excellent 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:
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 painting by David Kracov, titled "Winning By A Hare", is an original shadow box shipping from a gallery and is hand signed and numbered as number four of only twenty-five. It is a limited edition work with code KRD-SB-CL-0102. The painting depicts Bugs Bunny and Daffy Duck in a race, a scene that is typical of Kracov's whimsical style. The work is significant within the artist's oeuvre, as it is an example of his use of the Looney Tunes characters in a contemporary context. The painting also stands out in the broader art world for its creative use of a beloved cartoon characters in a playful, yet sophisticated manner.
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 ingredients for accurately estimating the fair market value of the painting titled “Winning By A Hare” by Listed American painter, animator and sculptor David Kracov (born 1968). This data provides valuable insights into how the artwork’s value may have changed due to environmental or economic factors, and is essential for various purposes such as insurance, estate planning, and art market analysis. By analyzing similar works by the same artist, auction prices of comparable works, artistic trends, and other relevant market data, a more up-to-date estimate of the painting’s fair market value can be provided. This data is particularly important when dealing with limited edition works, as the size, edition number, and other factors can directly impact the artwork’s value.
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 be a great way to diversify your portfolio. Art is known for its potential to appreciate in value over time while also providing aesthetic enjoyment and cultural significance. Purchasing a specific piece of art can be an even greater investment, as the artist's reputation and the work's rarity can be a major factor in its future worth. An original shadow box shipping from a gallery, hand signed and numbered limited edition with the title “Winning By A Hare” and code “KRD-SB-CL-0102” by the listed American painter, animator and sculptor David Kracov (born 1968) with size 63×68 cm #4 out of 25 depicting Bugs Bunny and Daffy Duck is a great example of such an investment.
In conclusion, this particular painting by Listed American painter, animator and sculptor David Kracov is an original shadow box shipping from a gallery, hand signed and numbered limited edition with title "Winning By A Hare" and code "KRD-SB-CL-0102" and size 63×68 cm #4 out of 25 depicting Bugs Bunny and Daffy Duck. This painting has potential for appreciation in value due to the artist's reputation, its historical significance, and its rarity. Given its unique features and the desirability of the work, this painting is considered valuable by the art market.
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.
We recommend the following text Ad Copy:
Capture the timeless charm of classic American animation with this unique and limited edition shadow box, "Winning By A Hare" by listed American painter, animator and sculptor David Kracov (born 1968). This stunning shadow box features Bugs Bunny and Daffy Duck in a classic moment from Looney Tunes, and is hand signed and numbered #4 out of 25. With a size of 63×68 cm, this limited edition artwork is sure to become a treasured addition to any collection. Make a statement with this original and one-of-a-kind artwork from renowned painter, animator and sculptor David Kracov. This exceptional shadow box features a classic scene from Looney Tunes, with Bugs Bunny and Daffy Duck in an iconic moment of comic rivalry. This art piece is hand signed and numbered #4 out of 25, making it a rare and exclusive collectible. With a size of 63×68 cm, this limited edition artwork is sure to look impressive in any home or office.