Professional Appraisal
Fair Market Value Assessment
Artwork Image
Artwork Information
TitleLuminous Passage No. 7
ArtistElena Marchetti
Date2025
MediumOil on linen canvas
Dimensions120 × 90 cm (47.2 × 35.4 in)
SignedLower right, dated
ConditionExcellent — no restoration
Client Information
Requested ByDM Galleries
PurposeInsurance / Estate Planning
Fair Market Value
$18,500
As of April 2026
Replacement Value
$22,200
Insurance purposes
Auction Estimate
$15–21K
Projected range
Valuation Methodology
This appraisal was conducted in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP).
The fair market value was determined through comparable sales analysis of the artist's recent auction results (2023–2026),
gallery retail prices, and consideration of the work's provenance, condition, and exhibition history.
Three comparable works by the artist sold at public auction between $14,800 and $21,600 in the past 18 months.
Jane A. Hartford, AAA
Certified Appraiser
Appraisers Association of America
DM Galleries
Client Acknowledgment
Date: April 28, 2026