Determining Value: an Appraiser’s Perspective

Sotheby's Institute of Art

What are the topics?

Sotheby's Institute of Art

Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

Read more about Marketing

Marketing courses will plunge you into the vast field of marketing. In these courses, you will learn a variety of topics that cover each stage of runn...

About the course

Determining Value: An Appraiser’s Perspective is a course that teaches students to enter the mindset of a professional appraiser and consider the many factors affecting how art is valued in a dynamic global market. An artwork can have many lives, and many more values, depending on how, when, and where it is bought or sold, and this course explores various definitions of value, as well as the factors that can create (or detract from) it.

From an appraiser’s perspective, students learn how to properly research an object from “start to finish” to determine market price and understand the impact condition can have on value. Through presentations and interviews with industry experts, course lectures explore the pros and cons of different sale models, including a sale at public auction and the gallery level, and advise on how to keep track of values in the fast-paced global art market. This course also outlines what to look for when evaluating different media, including paintings, drawings, photographs, and prints, to provide students a deeper understanding of how to evaluate an artwork independently.

What you will learn:

  • To identify and analyze essential value characteristics that affect the pricing of art.
  • To identify appropriate research tools and to perform research in order to assess artwork valuation.
  • To identify and describe the pricing of artwork at both the primary and secondary market levels.
  • To recognize how condition and conservation can impact the value of artworks.

Sample Topics

Week 1: Introduction to Value

  • Exploring the Social and Economic Concepts of Value
  • Market Definitions: Appraisal vs. Valuation and Value vs. Price
  • Overview of the Market Cycle

Week 2: Value Factors

  • Establishing Key Factors that Affect Market Value
  • Application of Factors at the Primary and Secondary Market Levels

Week 3: Medium and Methodology – Part One

  • Identification of Medium – Paintings and Works on Paper
  • Relevant Primary and Secondary Market Research Tools
  • Catalogue Raisonnés

Week 4: Medium and Methodology – Part Two

  • Identification of Medium – Prints, Multiples, and Photography
  • Relevant Primary and Secondary Market Research Tools

Week 5: How Are Prices ‘Set’?

  • Exploration of the Auction Model and Pre-Sale Estimates
  • Exploration of the Gallery Model and Asking Prices
  • Best Practices for the New Collector

Week 6: Condition and Value

  • Exploration of Condition as It Pertains to Value
  • When, Why and How to Work with a Conservator
  • What the Key Takeaways Are

Experts

Emily Thompson

Emily A. Thompson is a Fine Art Specialist at Emigrant Bank Fine Art Finance and its art advisory and appraisal firm, Fine Art Asset Management, with 20+ years of experience in art market research and valuation. Ms. Thompson has worked as a Senior Fine Art Appraiser at companies in the industry v...

Determining Value: an Appraiser’s Perspective at Sotheby's Institute of Art

This course has no confirmed dates in the future. Subscribe to be notified when it is offered.


Something went wrong. We're trying to fix this error.

Thank you

Someone from the Coursalytics team will be in touch with you soon.

Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

Read more about Marketing

During Marketing courses, you will learn how to develop a business idea and create the right website to promote your product. You will gain the skills to analyze your business performance and make key decisions that improve the efficiency of your bus...

Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.

We are happy to help you find a suitable online alternative.