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Field guide: what “A-grade” means, and where our criteria bite

How specialists rank a work by period, medium, scale, series and documentation, and where our authenticity, condition, date and value criteria narrow the market most.

Artists, makers and objects named here illustrate the market we follow and what meets our criteria. They are not a list of Caldrion’s holdings or acquisitions. Price bands are rough, based on public auction results through mid-2026; private-treaty prices and today’s market can differ, so treat them as orientation, not valuations.

Our criteria ask for A-grade examples “from the periods, series and mediums that command the deepest liquidity.” That phrase is shorthand for how specialists rank a work, and for why two works by the same artist can behave completely differently when it is time to sell.

What “A-grade” means in practice

  • Period: the years an artist is known for. Warhol’s 1960s silkscreens beat his 1980s commissions, and Kline’s 1950s work beats everything else he made.
  • Medium: unique paintings and sculpture rank above unique works on paper, which rank above editions. Prints and photographs rarely clear our $250K floor anyway.
  • Scale: mid-size works trade most often. Museum-scale pieces have very few buyers.
  • Series and subject: an iconic series (a Warhol Flowers) beats a commissioned portrait.
  • Documentation: named prior owners, museum exhibitions and catalogue raisonné entries all add value and make resale faster.

Where our criteria bite hardest

  • The authenticity-certificate requirement. The Warhol, Basquiat and Haring authentication boards all dissolved around 2012, and Lichtenstein’s foundation no longer authenticates. For those artists the requirement effectively means a pre-closure letter or a catalogue raisonné entry, which narrows each market to its best-documented works.
  • Certificate-as-work artists. Flavin, LeWitt and Judd fit unusually well, because their certificates and fabrication records are the backbone of authenticity.
  • Restitution. Our 1945 start date sidesteps most Nazi-era title risk, and that is deliberate: we want works free of restitution claims.
  • The museum-quality condition standard. It suits paintings but works differently for collectibles. Cars are kept running, and wine is judged on storage history, not a condition report.
  • The per-item $250K floor. It turns wine from a bottle-buying exercise into a cellar-buying one, and it excludes most watches made after the 1970s.

If you own or represent a work or object of this kind, see our criteria and what to send. We read every submission and aim to reply within a few business days of receiving a complete package, whether or not we proceed.

The field guide

  1. What “A-grade” means, and where our criteria bite
  2. Post-war and contemporary masters
  3. Established mid-career artists
  4. Collector automobiles
  5. Watches
  6. Fine wine and spirits
  7. Emerging patronage

This guide reflects Caldrion’s views as of November 2026. It is not an offer of securities, investment advice or a valuation.

Insights

More to read.

Guide

Field guide: emerging patronage

Where we would buy at primary prices, the artist profile we look for, how gallery access works, and why resale discipline matters after the 2023–24 correction.

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Guide

Field guide: fine wine and spirits

Why our floor means cellars, runs and casks rather than bottles, how we guard against forgery, and the producers and distilleries we follow.

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Guide

Field guide: watches

Why our floor makes this a vintage category, where diligence centers, and the Patek Philippe, Rolex and independent references we follow.

Caldrion Art & Collectibles