Assumption: Art becomes more valuable once an artist dies.
Actuality: Prices escalate only when demand is greater than supply. Prices can increase if there was a shortage of the artist’s work prior to his or her death and if the demand continues to be significantly greater than supply. Art News (November 2003) presented an article on the ten most wanted artworks. These would sell individually for more than $5 Million IF the present owners would let me them go. However, as the collectors know they could not acquire a replacement painting/sculpture/drawing, they won’t be selling these artworks.
Assumption: An artist’s proof is more valuable than a print from the regular edition.
Actuality: Artist’s proofs are routinely consistent with the regular edition in appearance and value. On rare occasions, a color trial proof be judged to be more valuable than the regular edition or an artist’s proof. this happens when the reigning experts determine the color trial proof represents a more handsome product than the regular edition or artist’s proof.
Assumption: It’s just a print.
Actuality: Some...
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