Art is worth money.
I have been a little concerned that our recession would cause people to curtail their art purchasing.
Talking to other artists I see they feel the same. Some are dropping their prices.
In tight times, does art sell?
It seems so. This is another good reason, besides loving it! to buy lots of art from artists you like. According to some experts you should pay market prices to maintain the value of your preferred artists' products. The higher the art work is valued the better for the collectors. As a collector, if you own the right art, it could be your cushion in tough times. THINK LOCAL! And remember, a Jackson Pollack wasn't always worth millions!
An excerpt from an article from the New York Sun:
Most important, it's not just about the work of art; rather, the value placed on a particular work derives from how it feels to own that art. Most art dealers know that art buying is all about what tier of buyers you aspire to join, about establishing a self-identity and, yes, getting some publicity. The network of galleries and auction houses spends a lot of its time, money, and energy giving artworks just the right image. Remarkably, buyers support the process in the interest of coming out on top, rather than fighting it and trying to get the lower prices. Click here to read the entire article from the New York Sun to see what I mean. Obviously, most of us are not in this "tier" of collecting, but it could work on a working person's level, too. My work has priced upward over the past years, specifically due to local auction prices it has commanded and support from the critical and artistic communities.
WHAT'S YOUR OPINION????
image: detail from 4-part "Survivor Spirit" series by Joyce Owens
