Should I pawn my Jean-Michel Basquiat paintings & art?
Jean-Michel Basquiat produced a wealth of street art as well as pieces on paper and canvas during his active years. These have become highly sought after, with collectors and art enthusiasts alike having a deep appreciation for Basquiat’s African inspired style. Between the years of 2003 and 2017, the value of 171 pieces of Basquiat’s work increased, with some fetching returns of up to 96.5%, making his art a wise investment. Indeed, Basquiat’s work has been known to reach record-breaking prices. His painting ‘Untitled’ sold at Sotheby’s for an incredible $110,487,500 in 2017, which was the most an American artist had ever reached during an auction.
Here at Pawnbrokers of Rodeo Drive, we offer you loans on Jean Michel Basquiat art & paintings after the fair and accurate valuation of your pieces. For a no obligation appraisal, please contact a member of staff today.
What do I need to know before I pawn my Basquiat art, drawings and paintings?
There are several factors that can make a big difference to the value of any of your pieces. When our team appraise artwork, some of the areas we will be examining include:
Provenance: If you have proof that your piece is authentic, as well as necessary information about ownership and lineage, then you’ll have a much greater chance of receiving a higher amount. Finding these relevant documents, if you have them, is essential prior to any appraisal appointment. A fair price is still possible without information on provenance, but can be considerably more difficult to achieve if authenticity is in question.
Condition: A piece of art in better condition will be of a higher value than one that has been damaged by its environment. Any discoloration, scratches, or cracks could decrease the value of your piece. If your art isn’t being stored properly, then act as soon as you can to preserve the piece’s quality. However, just because your art has some imperfections doesn’t mean we will not be providing loans on your Jean Michel Basquiat art or paintings. Let our experts determine your best options.
Size and quality: Although larger pieces don’t always fetch the highest prices, there can be a correlation between value and size. Equally, the quality of a piece can affect its final price. Artwork that required more effort to create and more complex techniques are often viewed in higher regard than quick sketches from notebooks. However, again, this is not always the case and value can also be dependent on the stories behind different pieces and their desirability amongst collectors.