How to Spot a Valuable Piece of Art at Auction

Buying art at auction is a thrill, especially when browsing an online catalogue and coming across a work that could be worth more than it appears! While there are no hard-and-fast rules when it comes to value, a few key details can help you find a work that is worth a closer look. Below, discover how to spot a valuable piece of work at an online art auction.

Start With the Artist

An artist’s reputation is one of the most significant factors influencing the final value of their work. Search for established artists with a strong history of exhibition, gallery representation, cultural reputation and previous sales at auctions. Up-and-coming artists can also be highly valuable, but their prospects are definitely less predictable in the moment.

Research the Catalogue

One of the best things about an online art auction is that it offers online catalogues that include important information about each piece, including the artist, title, date, dimensions, medium, and provenance. Pay close attention to the auction house’s estimated value and compare it with recent auction sale results for similar works.

Zoom In on the Provenance

The provenance is the documented history of ownership for a particular artwork. A strong provenance can add value and help assure authenticity, especially when a work has previously belonged to a collector of note or an established gallery or institution.

Consider the Work

Not every artwork by the same artist will carry the same value. Factors like subject matter, period, scale, medium and rarity can all drive value. A piece that represents an important era in an artist’s career or features signature elements of their practice may draw greater interest from audiences.

Study the Condition Report

While online images are beneficial, they can’t tell you everything you need to know. Review the condition report provided and study information on repairs, damage, fading, or restoration dates. Any condition issues can affect the piece's value and future resale potential.

Look Beyond the Estimate

An estimate does not guarantee the piece's final sale value. A lower price does not mean a bargain, and a higher price does not signify immediate competition. Before you bid, research the buyer’s premium, taxes, shipping, and any other auction fees, as these additional costs can affect the final price on the day of the auction.

Most importantly, take your time and explore before you bid. Save works that catch your eye, research the artist, provenance and condition ahead of the event. Securing a valuable artwork is about using your eye and understanding which pieces deserve a closer look.

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Quyloris Xyrandil

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