“2500 euros this canvas, whoa, f**k *** **** !*&#”, “i could have done it, even me 5 year old boy !!”
Do you remember the last time you went in front of a gallery in city center ? Well i know you thought someting like this. Well it’s not false, it’s not true neither, well let’s have a look at how they decide to fix the price…
1. Auction market. This is the first and easier way to know exactly how much the artwork worth. Offer and request make the price unstable (increase & decrease).
Anyway, price are always too much and don’t fit all the budget.
2.Ebay. This is the most common bidding system. Popular and affordable. We can find all the range in the art paintings. From the original work to the assembly line paintings, designed for the highest standard dublin apartments. According to Ebay, the Art is not the best category for selling objects. The average ratio sales/bids is 0.2 (80% bids are not concluded into sales). Good reasons to hesitate, pretty much questions from buyer about artwork quality, history…. well, ebay don’t give a good estimate of the price , sometimes under-evaluate, most of the time, over evaluate.
3. Selling in Gallery. Basically speaking, the gallery owner host the paintings, get insurance for them, and sell them. He is the manager, like the hollywood stars, or the musical agent of a show-business singer.
But for all this work, he will take a part of the money : 45%. He knows who’s buying, how much it worth, how much it will cost in few years and how much he will buy back the painting if the owner decide to change the paintings of his apartment… 2 major informations : price showned in galleries is twice more than you can get if yopu buy directly to the artist. The second information is that the gallery owner can give an estimated price, so, how does he get it ?
4. Interrest in Art. Contemporary art. Just before talking about that, i make a little precision Contemporary Art” is not Modern Art, neither green & blue circles with red background, neither a blus paint spot at the bottom of a huge white canvas. Contemporary Art is just art just done. Something getting directly from the artist Studio, and now.
In the contemporary art, we can find 2 artistes : emerging artists wich try to find his place, and established artist (these wich find their place). So, just before glory, private views, and canvas at 50.000.000 euros (add as much zeros as you want…), the artist had to find his way and sell his canvas at the fair price. So here we are…the fair price.
5. The fair price. This is the price an artist will ask for his painting, directly from his studio. The price is fair, depending on the supply price, time required for making the painting. We are close to know the fair price, let’s say something like :
- 50-150 euros for a small sized .
- 150 euros-300 euros for a big size.
This is approximatively the price range in wich you can find something great, with a price wich will evolve in the next few years.
So for the next talk about that, we will discuss all the ways to get theses famous pretty money (150 euros) for buying your first artist painting. (a real true one)….
