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VALUATION
Valuation Opinion - Estimate of Current Market Value of artwork presumed authentic and saleable unless owner-stated otherwise. A valuation is not a certificate of authenticity of an artwork. It does not provide nor warranty any representations regarding the authenticity, origin, provenance, age or condition of the Artwork.
APPRAISAL
The act or process of developing a thoroughly researched and well supported opinion of value by an impartial and properly qualified individual expressed as a specific amount, a range of values, or in relationship to a previous value opinion.
AUTHENTICATION
A legal Assurance of Authenticity by means of science, provenance, connoisseurship which moves the appraisal process forward or shuts the process down.
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