The MutualArt appraisal I received was based on three recent auction results. There are literally 472 auction results for the artist in the MutualArt database. Some of the ignored results were very comparable (from the same series) and others were obviously not comparable. Some relevant realized auction results were at higher valuations than my piece and others were lower. But of the ones that seemed related, the only explanation as to why they included the three they did was they were created around the same time as my piece. There was literally no other explanation as to other elements of value such as how the artist’s valuations vary based on series, size of piece, year of creation, materials, auction results pre- and -post his passing, etc. Are these not relevant considerations? Why did you ignore other pieces from the same series created at different times? Your decision to ignore so many results has me confused. Without any explanations, the appraisal is simplistic and rote - three pictures of other pieces with auction values and then a range of value for my piece. That makes the conclusion much less useful than a typical, analytical appraisal that assesses and explains the factors that contribute to the conclusion.
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