Art appraisal vs. auction estimate
People often say “appraisal” when they mean “what could I sell this for?”. The two answer different questions.
The difference
An auction estimate is a specialist’s opinion of the range a work could reasonably bring in a sale, based on comparable auction results; it is free and is meant to help you decide whether and where to sell. A formal appraisal is a signed written report, usually paid by the hour or per item, prepared for insurance, estate tax, charitable donation or division of property, and often states a different kind of value (for example replacement value for insurance).
When you need an auction estimate
- You are thinking of selling and want to know the likely auction range
- You want to compare where and how to sell
- You want a free opinion before spending money on an appraisal
When you need a formal appraisal
- Insurance coverage or a claim
- Estate tax or probate
- Charitable donation of a work
- Dividing property, for example in a divorce or among heirs
Neither is a guarantee
An auction estimate is an informed opinion; the result depends on the bidders on the day. Past auction results on ArtSell show what comparable works sold for, not what any particular work is worth.
Free auction estimate
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Questions
Is an auction estimate the same as an appraisal?
No. An auction estimate is a free opinion of the likely auction range for selling. A formal appraisal is a paid written report for insurance, tax, donation or legal purposes.
Do I need an appraisal before selling at auction?
Usually not. Auction houses provide estimates themselves when you consign. A formal appraisal is only needed for purposes like insurance or estate tax.
Past auction results on ArtSell are not valuations or guarantees; an estimate is an opinion of the likely auction range, and authorship is confirmed by the house before any work is offered.
More seller guides
How to sell art at auctionSell a paintingSell a printSell a sculptureSelling inherited art and estatesHow to photograph art for an estimateWhere to sell artArt appraisal for insurance