Intro:
Before you begin
Step 1:
Do your research
Step 2:
Ask some questions
Step 3:
Understand what's being appraised
Step 4:
Deliver the painting

2torial #0840:
Learn2 Check the Value of a Painting

That old painting in the attic could pay the college tuition

Have you ever wondered if that abstract painting your parents bought at a tag sale 20 years ago could actually be worth something? Even if you're not interested in selling, you might be curious about its monetary value. For insurance reasons, you may be required to determine what this possible treasure is worth. We'll explain just how easy it can be to have pieces of art appraised. Anybody with access to the yellow pages, a telephone, a post office, or the Internet can begin the appraisal process, a process that can prove to be fun, educational, and rewarding. We'll also explore some of the issues involved when appraising a piece of art.

Although appraisers generally research a painting's history, you can help by compiling your own information. Perhaps an older relative might remember where it was purchased or some other personal detail that might provide a clue into the life of the piece. Perhaps you still have the original receipt of purchase, or any other paperwork relative to the life of the painting.

You can also prepare yourself by determining the painting's measurements and by photographing it. Size could affect the value, and some appraisers might ask questions involving height and width. Certain appraisers may initially ask you to send a photo, including notes about any nicks, tears, or dents the piece may have.