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Old Artwork Does NOT Always Mean More Valuable!
Written by Rachel Christophe Baker, Fine Art Appraiser, Veritas Fine Art Appraisals & Consulting Group Age alone does not determine the value of a work of art. Yes, an Old Master holds the public-auction record: Leonardo da Vinci’s Salvator Mundi sold for $450.3 million in 2017. But major modern and contemporary works have also reached extraordinary prices,…
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The Current Old Masters Market
It helps to have a Michelangelo in the mix, but the Old Masters market is on fire! While contemporary art often grabs the headlines, this year’s auction data tells a compelling story about renewed interest in Old Master works. Several standout sales at major auction houses have dramatically outperformed expectations, including: • A Michelangelo study…