Valuations
Adrian Newstead has been an approved Valuer for the Federal Government’s Cultural Bequests program since 1996. His clients have included many of Australia’s most important collecting institutions. Foremost amongst these have been the National Museum of Australia, Australian Museum Sydney, National Maritime Museum, Powerhouse Museum, Parliament House Art Collection, National Gallery of Victoria, National Gallery of Australia, Queensland Museum, Queensland Institute of Technology, Queensland Art Gallery, Berndt Museum of Anthropology, Tandanya Aboriginal Cultural Institute, Sydney College of the Arts, Numerous university and regional art galleries throughout Australia and overseas.
Reasons for Seeking an Artwork Valuation
Valuations are generally undertaken for a number reasons. You may:
simply be curious to know what your art is worth
wish to determine a favourable time to sell
insure your artworks
regularly update your superannuation fund
determine value in order to assist in the settlement of property and other assets in the case of dispute or marital breakup
wish to benefit from the Taxation Incentives for the Arts Scheme when donating your art to an institution
Martin Sharp, Pentecost, 1998What Type of Valuation Do I Need?
Valuations for insurance replacement, private treaty sale, sale by public auction, divorce settlement or estate division, and probate each require a different type of evaluation, and these vary in the time they take to complete. Valuations for establishing the value of superannuation assets, settling property divisions (which may require the valuer to eventually justify his/her opinion in a court of law), and for cultural bequests, are the most complex and therefore take the greatest time to complete satisfactorily. In the case of Cultural Bequests, two valuations are required and they must both be provided by a government approved valuer (these valuations must be completed on official forms provided by the Federal Department of the Arts).
Regardless of the type of valuation you require, Adrian Newstead guarantees impartiality and independence, free of conflict of interest.
How Much Does a Valuation Cost?
The cost is determined by the type of valuation required and the length of time it takes. A base rate of $300 + GST per hour applies. Many valuations, especially for single works of art, can be undertaken for this minimum rate. The more information and images the owner can provide, the more cost efficient the process will be.
Qualifications
Adrian Newstead (OAM) is qualified by the Australian Government to value all Australian painting, drawing, prints and sculpture post 1880; Australian photography post 1900; Historic and contemporary Australian Indigenous art and material culture from all regions, including prints, drawings, textiles, paintings, sculptures, ceramics, glassware, fibre items. Specialist areas include Material Cultural Items, Hermannsburg watercolours, Western Desert art, Arnhem Land art, and Urban art.
Request a Valuation
Or contact us with any valuation enquiries
adrian@newsteadart.com
Proviso/Disclaimer
Adrian Newstead takes his ethical responsibility in offering a valuation service extremely seriously. He takes a firm and unqualified stance regarding impartiality and conflict of interest. He keeps abreast of current primary and secondary market values by monitoring all recent sales of similar classes of art work by the artists through galleries, art centres, auction houses and art consultants.
Adrian Newstead will undertake research on all recent sales of similar classes of artwork by the artist(s) through galleries, art centres and auction houses during the previous 30 years but with special attention to sales results achieved during the last 3-5 years. His valuations, however, should not be seen as a guarantee of future value, nor are they in any way an undertaking to guarantee, purchase, or sell the work assessed.