Price History refers to the documented record of how much artworks, antiques, or collectibles have sold for over time. Art professionals use this information to determine current market values, spot trends, and make informed decisions about buying or selling pieces. It's like a financial track record for artwork that helps galleries, auction houses, and collectors understand if something is a good investment. This information typically includes auction results, gallery sales, and private transactions when available.
Maintained detailed Price History records for over 500 contemporary artworks in gallery database
Analyzed Price History and Sales History trends to advise clients on art investments
Created comprehensive Price History reports for major auction house catalogs
Typical job title: "Art Appraisers"
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Q: How do you evaluate the reliability of different price history sources when appraising artwork?
Expected Answer: Should discuss comparing multiple sources like auction records, gallery sales, and private transactions, understanding market conditions at time of sales, and considering factors like artwork condition and provenance.
Q: How would you use price history data to advise a client on building their collection?
Expected Answer: Should explain analyzing long-term value trends, comparing similar artists/periods, considering market cycles, and balancing historical data with current market conditions.
Q: What factors might cause significant changes in an artwork's price history?
Expected Answer: Should mention artist reputation changes, exhibition history, cultural trends, economic conditions, restoration work, and provenance discoveries.
Q: How do you maintain accurate price history records?
Expected Answer: Should discuss database management, documentation standards, verification processes, and updating records with new sales information.
Q: What basic information should be included in a price history record?
Expected Answer: Should list sale date, price, location/venue of sale, condition notes, size of artwork, and any relevant details about the sale circumstances.
Q: What are the main sources for finding price history information?
Expected Answer: Should mention auction databases, gallery records, art price websites, and industry publications.