The art market is secretive and complicated. Galleries compete to represent the most popular artists and to sell coveted works.
Because of this, they are often suspicious of those who call or email them asking for pricing information on a particular work. It instills a certain fear that a competing gallery is gauging its prices and inventory.
For this reason, works quoted on the telephone are sometimes inflated. To make things more difficult, a gallery will often deny giving pricing information at all. Instead, they will offer an opinion of “market value.” An opinion of “market value” from a gallery without actual numbers is a red flag.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
