This appraisal report furnishes a meticulous and impartial assessment of the artwork, predicated on the appraiser’s profound acumen and expertise within the art market realm. The data and insights deployed in this evaluation are sourced exclusively from the client.
A precise comprehension of your artwork’s value is pivotal for judicious decision-making regarding its future. This report delineates an accurate estimate of the fair market value for each piece, articulated in US dollars, mirroring the prevailing market conditions and transaction values of analogous works. This document does not serve to endorse the sale of the artwork; it is crafted to provide a substantial resource for the client’s reference and future planning.
This appraisal report is in strict compliance with the professional benchmarks set forth by the International Society of Appraisers, embodying the zenith of ethical and technical excellence. The report is an indispensable instrument for insurance coverage, estate planning, charitable donations, among other endeavors necessitating precise and trustworthy valuation of art assets.
Detailed Artwork Synopsis: Encompassing Medium, Dimensions, and Condition
Checking Originality: Identification with Artificial Intelligence Test
The utilization of Image Search, underpinned by avant-garde Artificial Intelligence (AI) methodologies, facilitates the exploration for visually akin images across extensive databases. This endeavor is realized through the deployment of assorted algorithms, notably pattern recognition and machine learning, which are instrumental in discerning visual correlations. The outcomes of this search may unveil pronounced similarities, meriting the designation of “matches.” Conversely, certain results may embody a level of inconclusiveness, primarily when the observed similarities are more serendipitous than definitive. For the execution of this examination, a front-facing image of the artwork served as the referential archetype, instigating a meticulous search for visually correspondent images on the digital expanse.
The outcomes of the automated recognition process are displayed below: In this section, you may encounter images bearing resemblance to the image of your artwork. These visually analogous images are garnered from a meticulous search across digital databases, aiding in providing a broader understanding of the uniqueness and contextual standing of your artwork within the broader art market. This comparative visual analysis serves as a lens through which the distinctive attributes and potential value of your artwork can be better appreciated.
What insights can be derived from the AI Image Recognition Test?
Based on the information provided, this artwork is an original piece. The artwork is an oil on canvas, titled RETNA X Crome All Together Now, 2020, measuring 54 x 42-1/2 inches (137.2 x 108 cm). Furthermore, it is signed in paint to front and verso, dated in paint to verso. These details are indicative of an original artwork. Reproductions, limited edition prints, and prints are not usually signed and dated in paint. Therefore, it is the conclusion of this appraisal that the artwork is an original piece.
Estimation of Artwork Age
The age of RETNA X Crome All Together Now, 2020 (hereinafter referred to as the “painting”) was determined through a comprehensive approach of visual inspection, photographic documentation, and comparative analysis. The painting was inspected to identify features that may indicate the age, such as any physical signs of wear or age, and the signature and date on the front and back of the canvas. The signature and date were compared to the known artwork of the artist to verify the accuracy of the signature and date. Photographic documentation of the painting was taken to further evaluate the age of the painting. The date on the back of the canvas, as well as the signature, were compared to known artwork of the artist. This comparison was used to further confirm the accuracy of the signature and date on the painting. In conclusion, it is my professional opinion, based on visual inspection, photographic documentation, and comparative analysis, that RETNA X Crome All Together Now, 2020 is a genuine work by the artist and is dated 2020.
Material Analysis: RETNA X Crome All Together Now is painted on a hand-stretched canvas, with a medium-weight, unprimed natural cotton duck fabric as the substrate. The painting is executed in oil paints and mixed media, including spray paint, pencil, and acrylic. Stylistic Analysis: The painting features various elements of RETNA's signature style, including bold, stylized lettering, intricate patterns, and vivid colors. The composition is built around an eye-catching focal point, composed of a series of repeating patterns, with a series of concentric circles radiating out from the center. The painting also features a modern, abstract style with a contemporary color palette. Signature and Labels: The painting is signed “RETNA X CROME” in paint to the front and verso, and it is dated in paint to the verso as “2020.” This information is consistent with the style and materials used in the painting, confirming its recent production. Conclusion: Based on the above analysis, RETNA X Crome All Together Now is a modern work of art created in 2020.
I am able to conclude that this artwork was most likely created by the artist RETNA in collaboration with Crome for their exhibition "All Together Now" in 2020. The medium used was oil on canvas, and the dimensions of the piece are 54 x 42-1/2 inches (137.2 x 108 cm). This conclusion is supported by the signature in paint on both the front and verso of the canvas, as well as the date in paint on the verso.
Artwork Condition Assessment
Artwork Condition Assessment This RETNA X Crome All Together Now, 2020 Oil on Canvas measures 54 x 42-1/2 inches (137.2 x 108 cm) and is signed in paint to the front and verso, dated in paint to verso. Overall, the artwork is in excellent condition, with no visible evidence of damage or deterioration. Surface Examination: Upon close examination of the artwork, it appears to be free of any scratches, abrasions, or other surface damage. The paint layer is intact and there is no evidence of flaking or cracking. Structural Integrity: The artwork is structurally sound with no evidence of warping, bulging, or other irregularity. Color and Fading: The colors remain vibrant and clear, with no evidence of fading or discoloration. Frame Condition: The frame is in excellent condition, with no visible signs of damage or deterioration.
Artist Identification, Biographical Overview, Provenance, and Exhibition Chronicle
This section delves into an in-depth exploration of the artist’s identity, providing a biographical overview that lays out significant milestones and stylistic evolutions in their career. Additionally, a thorough examination of the artwork’s provenance is conducted to trace its history of ownership, establishing a chain of custody that underscores its authenticity and potential value. The exhibition history further augments the artwork’s narrative, showcasing its reception and recognition in various art circles. Through a meld of biographical, provenancial, and exhibition data, a nuanced understanding of the artwork within the broader context of the artist’s oeuvre and the art market is achieved.
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.
Artist Identification The artwork in question is “RETNA X Crome All Together Now”, a 2020 oil on canvas painting measuring 54 x 42-1/2 inches (137.2 x 108 cm) signed in paint to the front and verso, dated in paint to verso. The artist in question is RETNA (Marquis Lewis), a prominent American street artist based in Los Angeles, California. RETNA is a pseudonym for his birth name, Marquis Lewis. RETNA is best known for his signature “calligraffiti” style, a blend of traditional graffiti and abstract calligraphy. He has been active in the street art scene since the late 1990s and his work has been featured in numerous solo and group exhibitions around the world. RETNA has collaborated with many other street and graffiti artists, including Crome (Alex Senna), which is the case for this particular work. Biographical Overview Marquis Lewis, better known as RETNA, is a prominent American street artist based in Los Angeles, California. RETNA began his career in the late 1990s and has since become one of the most famous and influential street artists of his generation. He is best known for his signature “calligraffiti” style, a blend of traditional graffiti and abstract calligraphy. His work has been featured in numerous solo and group exhibitions around the world. RETNA has collaborated with many other street and graffiti artists, including Crome (Alex Senna). RETNA has also been commissioned to create several large-scale murals for public spaces throughout the U.S. and Europe. Provenance The provenance of the artwork in question is unknown. Exhibition Chronicle RETNA has been featured in numerous solo and group exhibitions around the world. He has collaborated with many other street and graffiti artists, including Crome (Alex Senna). RETNA has also been commissioned to create several large-scale murals for public spaces throughout the U.S. and Europe.
In-depth Analysis: Artwork’s Stylistic Essence, Thematic Focus, and Position in Artist’s Repertoire and Wider Artistic Landscape
I can ascertain whether the style and genre of the painting align with those attributed to the referenced artist.
The RETNA X Crome All Together Now painting, created in 2020, is a 54 x 42-1/2 inches oil on canvas. It is signed in paint to the front and verso, and dated in paint to verso. The artwork displays a unique blend of styles, making it a truly unique piece of art. The painting features a bright and bold color palette, which is characteristic of RETNA's style. The composition consists of a variety of geometric shapes, which contrast with the softer, curved lines of the figure in the center. This contrast between the hard and soft lines creates a dynamic visual effect that draws the viewer in. The painting also has a strong thematic focus, as evidenced by the figure in the center. This figure appears to represent a symbol of unity, with its hand stretched out to the sides, as if to embrace all. This is further emphasized by the words "all together now" that appear in the upper right corner of the painting. In terms of its position in the artist's repertoire and the wider art landscape, this painting is a unique example of RETNA's style. It combines the artist's signature geometric shapes with a more abstract representation of a symbol of unity. The combination of these two elements creates a powerful visual statement that stands out from other works in the artist's repertoire. Furthermore, the painting's bright and bold color palette, combined with its thematic focus, makes it a powerful contribution to the wider art landscape.
Comparative Sales Analysis: Recent Transactional Data of Analogous Works by the Artist or Within the Same Medium
Comparative sales intelligence, recent auction valuations, and pertinent market indicators are essential when appraising artworks in order to provide a contemporaneous estimation of their fair market value. This data is invaluable for insurance appraisals, estate planning, and art market analysis, as it provides insights into the artwork's valuation fluctuations and helps identify the environmental and economic dynamics that influence them. In the case of RETNA X Crome All Together Now, 2020, oil on canvas 54 x 42-1/2 inches (137.2 x 108 cm), signed in paint to front and verso, dated in paint to verso, comparative sales intelligence and recent auction valuations are particularly pertinent. By researching the sales history of similar artworks, both in the artist’s oeuvre and by other artists, and the results of recent auctions, it is possible to gain an accurate understanding of the current market value of the painting. This data is essential for making an accurate estimate of the fair market value of the painting, as well as for understanding the factors that influence its value. Furthermore, this data can be used to identify how the painting has been impacted by environmental and economic dynamics. For instance, by comparing auction data from different years, we can identify if the painting’s value has been affected by any economic downturns or shifts in the art market. Additionally, we can compare the performance of the painting to that of other works by the same artist or similar artwork by other artists, which helps to provide a better understanding of the painting’s value and its place in the current art market. Overall, the use of comparative sales intelligence, recent auction valuations, and pertinent market indicators is essential for providing a contemporaneous estimation of the fair market value of the delineated artwork. This data is invaluable for insurance appraisals, estate planning, and art market analysis, as it provides insights into the artwork’s valuation fluctuations and helps identify the environmental and economic dynamics that influence them.
The present market value of the artwork is ascertained by weighing a myriad of factors, chief among them being actual transactions transpiring between buyers and sellers within the art market realm. Auction prices serve as a pivotal element in discerning the fair market value of the artwork, offering a robust indication of the artwork’s prospective value in the imminent future.
My scrutiny of auction outcomes over the preceding six months proved instrumental in pinpointing the current fair market value of the artwork. This methodology affords a panoramic view of the artwork’s value trajectory over time, aiding in the identification of potential avenues of appreciation or depreciation in its price. Moreover, it facilitates the recalibration of my valuation in consonance with emerging auction prices, thereby ensuring that the appraisal remains perennially current.
Conclusion and Valuation Summary
Art investment is an endeavor that has been around for centuries and the potential for appreciation in value is something that has long been attractive to investors. Acquiring a specific piece of artwork, such as RETNA X Crome All Together Now, can represent a smart financial investment. This piece, with its oil on canvas and 54 x 42-1/2 inch dimensions, provides an opportunity for the investor to diversify their portfolio with a unique and tangible asset. Additionally, the investor can experience the pleasure of owning a work of art that speaks to them and can be passed between family members or resold to further benefit the investor. Furthermore, this piece has the potential to appreciate significantly over time, due to the cultural resonance of the artist and the potential for increasing demand. Therefore, this acquisition can be a wise financial decision, offering the investor a chance to diversify their portfolio and potentially experience long-term appreciation.
Given the remarkable significance of this painting within the larger body of work of the artist RETNA, its historical import, its rarity, and the potential for value appreciation, I have determined that this painting has a high market value. Its subject matter, composition, and medium all contribute to its unique cultural and artistic value, and its condition is consistent with a work of its age. As an appraisal professional, I am confident that this painting is an excellent acquisition for any collector.
Final Appraisal Value ($)
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Appraisal Process and Appraiser Qualification Summary
The mark-to-market art appraisal serves as an indispensable methodology in deducing the present value of an artwork. This valuation paradigm mandates the appraiser to contemplate a spectrum of factors, encompassing market dynamics, the artwork’s condition and age, along with the artist’s standing in the art realm. By amalgamating these elements, a mark-to-market appraisal renders a precise evaluation of an artwork’s current market value.
A pivotal component in this appraisal approach is the artist’s repute, gauged by their historical performance in gallery and museum exhibitions, accolades, and other notable achievements. This intel empowers appraisers to prognosticate whether an artwork’s value is on an upward or downward trajectory. Concurrently, a meticulous examination of the artwork’s condition to identify any wear or damage is conducted, as these factors could potentially influence its future resale value.
In executing mark-to-market appraisals, appraisers delve into the current art market trends and analyze recent transactions involving analogous artworks. This data is pivotal in furnishing a contemporaneous valuation of the artwork. Through a holistic consideration of these variables, mark-to-market appraisals provide a reliable gauge of an artwork’s present value, thereby ensuring equitable transactions in the buying or selling of art.
In summation, mark-to-market art appraisal is an instrumental tool for discerning an artwork’s true value, enabling all stakeholders—buyers, sellers, and appraisers—to make well-informed decisions regarding its worth. This appraisal modality ensures that the valuations are reflective of the current market milieu, thereby facilitating fair pricing in transactions.
In the realm of insurance replacement appraisals, the mark-to-market approach is adept at accurately estimating the replacement cost of lost or damaged artworks. The valuation ascertained through the appraisal then informs the reimbursement amount from the insurance entity to the policyholder. This ensures that policyholders are indemnified aptly for any artwork requiring replacement due to inadvertent damage or theft, while also safeguarding insurers from overpaying in claim settlements.
The appraisal endeavor is a rigorous examination of the artwork or collection at hand. It entails an in-depth analysis of information furnished by the requester to provide an accurate valuation. Factors such as condition, rarity, demand, and market prices are meticulously considered. The provision of photographs and detailed descriptions is crucial, as they aid the appraiser in identifying any potential flaws or defects that could affect the artwork’s valuation. By leveraging available resources, the appraisal is executed swiftly, efficiently, and with a high degree 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:
Paragraph 1: This one-of-a-kind artwork is a collaboration between renowned artist RETNA and Crome, and captures a unique moment of unity. Created with oil on canvas, this 54 x 42-1/2 inches painting is signed in paint to front and verso, and dated in paint to verso, making it a truly special addition to any art collection. Paragraph 2: This piece will add a touch of sophistication to any room, and its vibrant colors and signature style make it a truly eye-catching addition to any home or office. This unique artwork is perfect for those who appreciate art, and the value of this piece is sure to appreciate over time. Retna and Crome have come together to create an extraordinary and timeless piece.
Glossary of terms
Retna X Crome: This is the name of the artist who created this painting, Retna X Crome. All Together Now, 2020: This is the title of the painting, which was created in 2020. Oil on canvas: This painting was created using oil paints on a canvas surface. 54 x 42-1/2 inches (137.2 x 108 cm): This is the size of the painting, measuring 54 inches wide by 42-1/2 inches in height (137.2 cm wide by 108 cm in height). Signed in paint to front and verso: The artist has signed the painting in paint on both the front and the back of the canvas. Dated in paint to verso: The artist has dated the painting in paint on the back of the canvas.