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Is AI and Tech Transforming Appraising?
In today’s digital world, nearly every profession is being transformed by technology. The field of personal property appraising is no exception. From high-resolution imaging and blockchain provenance records to AI-powered market analysis, tech is changing everything. But even with these powerful tools at our fingertips, one thing remains constant: the irreplaceable value of human expertise.
How Pricing Art is Not Appraising Art
One of the most common questions I hear, especially from artists, is “What is my art worth?” While this is a completely valid question, it’s important to understand that the answer depends entirely on the context. There is a big difference between pricing art and appraising art, and knowing which is appropriate can save a lot of confusion and lead to better decisions for everyone involved.
Understanding the Difference Between the Primary and Secondary Art Markets
As an art appraiser, I often encounter collectors—both seasoned and new—who grapple with the distinctions between the primary and secondary art markets. These two interconnected but distinct realms are vital to understand if you wish to navigate the art world successfully, whether you're acquiring works for aesthetic pleasure, investment, or both. Let’s break down these markets, their nuances, and how they operate to help you make informed decisions.
Collecting Trends in the Art Market
For collectors, staying informed about current trends is essential for making smart investments and building a collection that not only reflects personal taste but also has the potential for financial appreciation. In this blog post, we’ll explore some of the key trends shaping the art market today, including the rise of emerging artists, the growing popularity of certain styles, and shifts in collector interest.