| This research topic discusses what effect, if any; restitution has on individual paintings and an artist's market. It examines the premium a painting's provenance can have on its final value through a careful study of art market history, traditional fine art appraisals, and a selection of three artist case studies. A brief overview of the history of restituting Nazi-looted art is put forth, followed by a close analysis of determining value in fine art, and finally, an exhibit and dissection of three case studies. These case studies represent different "grades" of artists: ranked as "A", "B", and "C". These case studies revolve around a restituted painting by each artist that was subsequently offered at public auction. In the case studies, the researcher determines what the painting's fair market value was at the time of the sale, without taking the provenance into account. This fair market value is then balanced against the auction estimate, final price realized, and compared to each artist's market before and after the sale of the respective restituted work. |
