Valuing Museum Collections

Apr 24, 2014

While curatorial and registrar staff are careful not to report the value of works in their care, the topic is of great interest to the general public especially in high-profile stories relating to damaged or stolen pieces. Sensationalized newspaper headlines quickly and often inaccurately focus upon the value of works in museum collections as was the case in two recent occurrences.

Example 1: After the destruction of a Han Dynasty-era vase painted by Ai Weiwei, most news headlines proclaimed a valuation of one million dollars based upon speculative hearsay.

Example 2: Articles about the Pierre-Auguste Renoir recovered for the Baltimore Museum of Art reported drastically different values for the painting, with an auction estimate of $75,000 and an FBI appraisal at $22,000.

 News reporters and the general public have not been educated to understand the difference among market levels, auction estimates, realized auction sales and a professional appraisal, but the difference can be very important for museum professionals. Two areas in which the difference can be critical relate to insuring museum collections and to the deaccessioning of objects.

For the complete article, click here.

8 Comments

  1. 8 Mike 24 May
    For example, putting a price on a collection will tempt trustees and governing bodies into considering selling off collections.

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  2. 7 Mike 24 May
    I disagree with the issue of valuing museum objects for obvious reasons.
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  3. 6 Lorelei 11 May
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  6. 3 ferrycolin 26 Apr

















    Personally
    speaking, I still believe museum collections are more than just valued. There
    are many research paper writing service who write long researches about the
    origin and use of such valuables.







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  7. 2 de 08 Apr
    That's really cool. I would be interested in seeing more graphs of different information you pull from these logs.

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  8. 1 Andrew McGregory 30 Mar
    Museum Collections are very precious for every country as it has direct relation to the history and local authority should take care of  the them. I enjoyed reading about musée du Louvre at essay service online when I was searching for information for my project on Art and Architecture. The museum contains great ancient collections. I plan to visit this museum in the nearest future.

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