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- Difficulty in accurately assessing the value of unique or unconventional artworks
- Limited access to reliable market data for emerging or niche artists
- Inconsistencies in pricing and valuation methodologies among different appraisers
- Challenges in determining the authenticity of artworks, especially for older or less well-documented pieces
- Dealing with clients who have unrealistic expectations or emotional attachments to their artworks
- Pressure to provide quick and accurate appraisals, especially for time-sensitive transactions
- Lack of standardized industry guidelines or best practices for appraisal processes
- Balancing the subjective nature of art valuation with the need for objective and transparent assessments
- Managing conflicts of interest when appraising artworks for clients with whom the appraiser has a personal or professional relationship
- Keeping up with changing market trends and fluctuations in art prices