Art valuation is the process of determining the monetary worth of a piece of art. This assessment can be influenced by various factors, including the artist's reputation, the artwork's provenance, its condition, and current market trends. Experts often use comparative sales data and appraisals to establish a fair market value. Valuation is essential for several reasons, such as insurance purposes, estate planning, and sales transactions. It helps collectors, galleries, and investors make informed decisions about buying or selling artworks. Accurate valuation ensures that both buyers and sellers understand the true worth of a piece, fostering transparency in the art market.