Do you own or have you inherited several paintings or other forms of art? You may be wondering if your art is worth anything. The thing about art is that it’s super subjective. You may feel that the art you own is a masterpiece, or at least looks absolutely stunning, but the beauty of your piece of art doesn’t always dictate its worth. In fact, there are a variety of factors that are important in determining the value of your art piece.
Authentic antique paintings are rare, but they’re out there. The interesting, and somewhat problematic, issue of authenticity of paintings is that master painters sometimes had their students paint copies of their pieces or contribute to the original, and then all those pieces were sold under the master painter’s name. Leonardo da Vinci is famous for doing this with his painting Virgin of the Rocks. That means that many “authentic originals” out there are actually copies or collaborations. When discovered, these paintings become labeled “inauthentic” and their worth goes down.
Amongst more contemporary artwork, the size of the piece often plays a significant role in its price. Smaller works are usually priced lower, and works that are too big to comfortably hang in a residential home are also priced lower because they are more difficult to sell. Large works that hang nicely in someone’s home will often have a higher price tag.
Oil paintings are extremely durable, which gives them a higher value. In addition, paintings done on canvas are worth more than those done on paper.
What is the history of the piece? Is it an original? If it belonged to anyone famous or significant, that will drive up its value. In addition, does the artist have an interesting backstory? Is the artist still alive? These are all important questions to consider when thinking about how much a piece of art is worth.
The popularity of the artist is a strong determining factor in the value of a piece of art. Has the artist been to several exhibitions? Won any awards? Is the artist popular right now?
Ultimately, whether or not you keep a piece of art is a highly personal decision. If you do decide you want to sell it, the experts at Old & New Shop will help you determine its worth and pay you the same day we pick it up. Either way, it’s always interesting and useful to know the history and worth of any piece of art you own!