The highest price paid for a work of art was $250 million in 2011. Obviously, there’s a lot of money in selling art. Unfortunately this also means there is a lot of money in producing forgeries.
One notable forger sold $60 million worth of phony Vermeers to a slew of people throughout Europe before being caught. When it comes to appraising fine art even the experts can get duped and when they do, buyers pay too high a price. Continue reading
As the 2014 football season kicks off, collectors around the world are actively trading Seattle Seahawk quarterback Russell Wilson logo patches cards, jerseys and other related memos. The unlikely Super Bowl champions hammered a crushing defeat to the favored Denver Broncos, 43 to 8. It was the largest point differential in 21 years. When it comes to sports, numbers matter. Where would sports be without its love affair with statistics? Continue reading
A homeowner returns after an evening out and finds that her home was robbed. Among the many items missing is an expensive piece of art passed down for several generations in her family. After filing a police report and a claim with her insurance company, the insurance company contacts an appraiser to help them determine the value of the painting at the time of the loss so that their insured can be paid. In my career as a fine art appraiser at Enservio Select, I am often presented with these circumstances. Arriving at a value is just one part of the service we provide. I will also complete a brief search to make sure the work was not previously stolen. The implications of previously stolen work are far reaching and, if not discovered, can financially affect both the insured and the insurance company. Continue reading
Necklaces, earrings, bracelets, rings … these are all hallmark gifts in a typical romantic relationship. And, within the extensive world of fine jewelry, there is one common thread: diamonds. Few engagement rings are without diamonds, and it’s hard to imagine a tennis bracelet without diamonds galore. Diamonds are largely known as costly, a girl’s best friend, and a gift that will last forever. In other words, this stone gets a lot of hype. Continue reading