Fair
Price for An Artwork
Both subjective and objective factors influence the fair market price for an
item. The subjective quality of an item is its inherent beauty - how strongly
does it "speak to us". Each individual draws his or her own conclusions
regarding subjective criterion. Objective criterion include the importance of
the artist or maker, the desirability of the subject matter or form, the size,
condition, and history of piece, and the currently available market indicators
for that particular work. When all subjective and objective criterions are properly
weighed, the current fair market value can be accurately reached for the piece
in question. It is important for buyers to remember that every dealer is entitled
to a fair margin of profit for his inventory, which reflects the time and expense
required to properly present high quality fine art to his clients.
