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Walter Lamar, chairman of the Indian Arts and Crafts Board, the agency charged with ensuring the authenticity of Native art offered for sale and supporting Native arts, said the world is a much ...
The difference is between actual prices paid, and information about possible, potential or likely prices, or "average" price levels. [2] This distinction should not be confused with the difference between "nominal prices" (current-value) and "real prices" (adjusted for price inflation, and/or tax and/or ancillary charges). [3]
In the art business, the artistic value of a well-executed forgery is irrelevant to a curator concerned with the authenticity of provenance of the original work of art [20] — especially because formally establishing the provenance of a work of art is a question of possibility and probability, rarely of certainty, unless the artist vouches for ...
There is a greater degree of liquidity risk facing the art investor than with other financial assets because there is a limited pool of potential buyers, and with artworks not reaching their reserve prices and not being sold, this has an effect on the auction prices. [11] In a divorce action between a couple who sought to divide a $102 million ...
An art auction at Christie's. The art market is the marketplace of buyers and sellers trading in commodities, services, and works of art.. The art market operates in an economic model that considers more than supply and demand; it is a market where art is bought and sold for values based not only on a work's perceived cultural value, but on both its past monetary value as well as its predicted ...
Art forgery is the creation and sale of works of art which are intentionally falsely credited to other, usually more famous artists. Art forgery can be extremely lucrative, but modern dating and analysis techniques have made the identification of forged artwork much simpler.
According to eBay policy, if a buyer opens an Item Not as Discussed (INAD) ticket, then you must accept the return and refund the money. The buyer keeps the items and sends an empty box back ...
Real values can for example be expressed in constant 1992 dollars, with the price level fixed 100 at the base date. Comparison of real and nominal gas prices 1996 to 2016, illustrating the formula for conversion. Here the base year is 2016.