I recieved a giclee print that is lead numbered '95/500' and signed 'Collection Domaine Picasso'It has an embossed seal that reads limited edition print collection picasso. Is it really worth 1200.USD? In answer please include your credentials. thank you.
2007-08-20 09:37:59 · 2 answers · asked by cdpandjcm 1 in Arts & Humanities ➔ Visual Arts ➔ Painting
Hi! First, you must understand what 'Giclee' means. It is a computer-generated print that the publisher (manufacturer) may embellish to 'their' advantage to distibute their product: http://painting.about.com/cs/printing/a/gilceeprints_2.htm
Then one should understand what the U.S. standard for fair market value is: "The fair market value is the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts.[1] "
http://en.wikipedia.org/wiki/Fair_market_value#_note-0
Here is a comparable piece:
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=160147313537&ih=006&category=78724&ssPageName=WDVW&rd=1
See 133 A (This is the realized "fair market price" for a lithograph and not a giclee): http://www.burchardgalleries.com/auctions/2001/sep2301/sep2301r.htm
Then there is "worth," ....to a wholesaler, a retailer, an estate, for insurance, to you? There exist different acceptable valuations for a given entity.
My credentials are unimportant as this information is available in the public domain and can be accessed with ease and documented satisfactorily. I hope this helps!
2007-08-21 06:01:43 · answer #1 · answered by guess who at large 7 · 1⤊ 1⤋
It's not an original Picasso. It's a glorified poster. It wouldn't be worth $1200 to me.
2007-08-20 19:37:29 · answer #2 · answered by helene 7 · 0⤊ 0⤋
best way i have found to find out the true cash value of an item is call your insurance and ask them how much it cost to insure it.. then when the quote you the ask the how do it cover.. they will tell you what the risk report says it worth. doesnt work with all items but it can take the dought out quit a few. not that may not be the auction value or the retail value or even the replacement value but that is the value i use because if it lost damaged or stolen that is what i am able to recover.
2013-12-10 01:20:41 · answer #3 · answered by CHANDLER 1 · 0⤊ 0⤋
A glicee print is printed by computer. I doubt if it would be worth 1200 US.
2007-08-20 11:19:04 · answer #4 · answered by Crocus 3 · 0⤊ 0⤋