How To Value Precious Paintings

Our antiques expert Simon Hollington, talks about what it's like to value a prized painting and offers his advice up to you.

Tim Storrier
Summer Burn Off – valued at $250,000 for insurance
Oil on canvas, signed and dated lower right ‘94
122 x 243 cm

I was recently asked to value a painting for insurance purposes, and when I arrived on 33rd floor it jumped out at me and stopped me in my tracks. In this case this is clearly one of Tim Storrier’s best, the artist at his peak.

What was so striking was the location on the 33rd floor in an open plan office reception looking out across Sydney harbour in the visitors seating area.

The natural light on the painting and the huge expanse of Sydney harbour contrasted with a kind of brilliance with the fire and sky or air – bringing all the primordial elements together in a vibrant juxtaposition.

Storrier is an enigmatic artist but this theme of his of the desert the fire and sky are in some way an expression of the raw and yet ravishing desert interior. This painting incongruously placed within a huge man made monolith adds a shock to senses aspect, which causes a re-action in the visitors to the lawyers offices

Of course not all paintings have this level of value but I am always glad to look at

Do you own a painting and would like to know more about it? Ask Simon for an antiques valuation now.

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