Expert Appraisals for your Aboriginal Art
Would you like to know how much your artwork is worth in todays art market ?
We can value your artwork for resale, insurance or as part of your self managed super fund.
Daniel Goldshaft Valuations provide expert valuations for your Australian Aboriginal and non - Indigenous artworks.
How does it work?
An initial chat over the phone is helpful to gauge exactly what your needs are so please include your contact number in your email to us.
We then view your artworks either in person or via emailed documents.
You will then receive a clear and detailed supporting document outlining the required relevant facts.
The current value of your artworks will be included in an easy to read format.
See FAQs or call us for more information regarding the most commonly asked questions we receive from clients.
What is Aboriginal Art
Aboriginal artists use dots and lines as a type of language to connect to their dreamtime stories.
Originally over dotting was used to cover up their sacred totems and symbols , however these simple ritualistic artworks are very complex in their true meaning.
In 1971 ,approximately 1000 artworks were produced in Papunya Tula with Geoffrey Bardon the young school teacher stationed in the community. Artists such as Clifford Possum Tjapaltjarri, Ronnie Tjampitjinpa and Timmy Payungka were some of the pioneers of the movement.
As a result, the world came to know Australian Aboriginal art and an international spotlight was shone on our shores.
The artists became more confident in their abilities, as shops in Alice Springs started to show interest in their paintings and dealers offered the artists paint and canvas to paint their stories and sell to the tourists travelling through the red centre.
Artists wanted to make a living and were happy to sell their artworks in town outside of the communities.
I am approached by some trepid travellers who picked up some tremendous artworks in the early years and some of the works are as rare as hens teeth.
Others are average works and others will never make it to market.
My role as an Aboriginal Art Valuer is to help you navigate through the sometimes tricky topic of Indigenous art.
There is nothing more satisfying that being approached by a client who has held onto a Turkey Toulson for 40 years and has no idea what they have. The sound of surprise (and delight) when I inform them of their treasure is very rewarding.
There is also the opposite side of the coin. This part of the job can be a little tough, alas this is the life of a valuer.
Why do I need a valuation?
- I would like my artwork/s valued for insurance - (most popular valuation)
- What is my artwork worth in the market today? (market valuation)
- I want my artworks valued as part of my self managed super fund.
Aboriginal Art Valuation Process
The best possible photo/clear image you can take of the artwork.
- The artists name
- Name of the artwork - eg. - My Country
- Size - eg 90cm x 150cm
- Medium used- eg. canvas / linen - acrylic paints
- Gallery or place artwork was bought
- Artwork ID / code - edges or back of artwork
- Artwork signature if applicable
- Price paid - original receipt - date of sale
- Include the certificate / documentation/artist biography
Australian Artwork Market
Artworks are traded within various markets. Art valuations may vary depending on the market and will reflect this.
Auction market, primary market – gallery, secondary market - gallery, private sales by independent consultants, Internet and large /small galleries – each market condition will have its own set of market operating parameters.
Auction reserve - The minimum hammer price achievable in an ideal auction market, if a time limit is not involved .
This figure does not reflect the sellers premiums or commissions which can differ substantially within various auction houses, clients and areas.
Forced sale - The price expected when an artwork has to be sold in a short time frame, potentially non-ideal market conditions.
Retail replacement - Given as the average estimated replacement cost for an artwork bought at a retail level in the market place, particular to the document. The value will differ depending on origin of the artwok purchased.
Fair market valuation - The average estimated resale value taken between the auction reserve and the retail replacement value of the artwork. Similar to the non forced sale amount.
Non forced sale - An estimate of a reasonable second-hand price between a willing buyer and seller within a fair or specialized market without time limitations.
Artwork Valuation Purposes
Insurance replacement - The purpose of an insurance replacement valuation is to provide the client and the insurance company with all correct details of technical and descriptive information to allow both parties to reach an agreement for insurance coverage.
These valuations are the most common valuations provided.
Insurance replacement is usually defined as what someone would expect to be charged to replace a commercially equivalent artwork from a reputable outlet within the market specified on the document.
Divorce settlement or Estate division - The purpose for this valuation is to provide all technical details and value to allow division of assets for parties involved.
These valuations may reflect specific instructions from the legal community and will sometimes reflect a range of market levels for comparison.
Probate - This valuation was used in the past to provide information for the determination of government taxes and charges payable on a deceased estate as death duties.
The probate commissioners definition was 'an immediate sale to a willing but not anxious buyer. It represents the lowest value applicable usually by forced sale.
It is now more common for probate to be used for estate division as there are presently no probate taxes.
*Daniel Goldshaft Valuations does not promise to buy / resell or guarantee the sale of your artwork for you or on behalf of another party.
There may be a variety of possible prices depending on what market the artwork is being sold in.
We never guarantee an increase in the value of your artwork.
We reserve the right to discontinue the valuation before completion at our discretion in which case a refund will be provided.
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