How To Make Money in ART For Fun and Profit

Art is NOT about what is good or not. It IS about EMOTION and what people are TOLD is good. This is true 'follow the crowd' thinking. As Don Alm says, The Bigger Fool Theory - see if there is a bigger fool who will spend more on it than you.

Anyway. Here are two ways to make money from art...

Method One - Pricey Paper
[*]Never sell the original. Get prints made from a drum scanner and sell them - make sure you limit them to 1,500 copies and that a portion of each print goes to some kind of charity.
[*]Tell people they are limited edition investment pieces.
[*]Sell them on-consignment in art stores - just at the beginning.


Method Two - Kinda Agent
[*]Get artists and their works, on your books.
[*]Market to those most likely to buy high-priced originals. And tell them they most likely can't afford the work of this well-known artist.
[*]Sell the painting for 15% commission on top of what the artist wanted - OR - Sell it for thousands and thousands of dollars above what the artist wanted.


I've not done either - BUT - it was something I was SERIOUSLY considering doing a while back and these are the methods/models I was going to use.

I know people who have bought pieces of paper... achem... limited edition prints... and they've spent as much as $1,500 per print (unframed). The artist? Darcy Doyle. I don't know what they see in the works.

As for buying now to sell for a profit in the future... (see notes about Don's Bigger Fool Theory at the top) - I bet Allen Bond, the bankrupt and failed Aussie businessman, wishes he never spent $56 million for the painting he bought HA!

Whatever. Hope this helps.

Michael Ross.