Artist Websites  Artist Websites |  Featured Artists |  Art Marketing  Art Marketing |  Art Contest |  BrushBuzz |  InformedCollector |  FASO Loves You - Share Your Art, Share Life

Blog


« Adam Clague | Main | Kent Sullivan »


Follow this Blog



Subscribe to our Newsletter



Quick Links

Artist Websites and Good Design
How to Sell Art
How to Get Your Art Noticed by Galleries
SEO For Artists - The Ultimate Tip

 

Blog Roll

Mikki Senkarik's Blog

















advice for artists
analytics
art and culture
art and psychology
art and society
art appreciation
art blogging advice
Art Business
art collectors
art criticism
art education
art fairs
art forum
art gallery tips
art history
art law
art marketing
art museums
art reception
art studio
art websites
artist resume advice
artist statement
BoldBrush Winners
Brian Sherwin
Carolyn Henderson
Carrie Turner
Clint Watson
copyright
Cory Huff
creativity
Curator's Pick
Daily Art Show
Dave Geada
Dave Nevue
email newsletters
exhibits
exposure tips
Facebook
FASO
FASO Featured Artists
Fine Art Shows
FineArtViews
framing art
Gayle Faucette Wisbon
Google
Guest Posts
Holiday
InformedCollector
inspiration
Instagram
Instruction
Internet Scams
Jack White
Jane Hunt
John Weiss
Juried Shows
Kathleen Dunphy
Keith Bond
Kelley Sanford
Kim VanDerHoek
landscape painting
Lori Woodward
Luann Udell
Mark Edward Adams
mixed media
Moshe Mikanovsky
News
oil painting
online art competitions
online art groups
originality
painting
pastel
photography
Pinterest
plein air painting
portraits
pricing artwork
printmaking
realism
sculpture
sell art
selling art online
selling fine art online
SEO for Artist Websites
social media
social networking
solo show
SSL
Steve Atkinson
still life art
support local art
Think Tank
Twitter
watercolor
websites for artists
workshops
Zac Elletson




 Apr 2017
Mar 2017
Feb 2017
Jan 2017
Dec 2016
Nov 2016
Oct 2016
Sep 2016
Aug 2016
July 2016
June 2016
May 2016
Apr 2016
Mar 2016
Feb 2016
Jan 2016
Dec 2015
Nov 2015
Oct 2015
Sep 2015
Aug 2015
July 2015
June 2015
May 2015
Apr 2015
Mar 2015
Feb 2015
Jan 2015
Dec 2014
Nov 2014
Oct 2014
Sep 2014
Aug 2014
July 2014
June 2014
May 2014
Apr 2014
Mar 2014
Feb 2014
Jan 2014
Dec 2013
Nov 2013
Oct 2013
Sep 2013
Aug 2013
July 2013
June 2013
May 2013
Apr 2013
Mar 2013
Feb 2013
Jan 2013
Dec 2012
Nov 2012
Oct 2012
Sep 2012
Aug 2012
July 2012
June 2012
May 2012
Apr 2012
Mar 2012
Feb 2012
Jan 2012
Dec 2011
Nov 2011
Oct 2011
Sep 2011
Aug 2011
July 2011
June 2011
May 2011
Apr 2011
Mar 2011
Feb 2011
Jan 2011
Dec 2010
Nov 2010
Oct 2010
Sep 2010
Aug 2010
July 2010
June 2010
May 2010
Apr 2010
Mar 2010
Feb 2010
Jan 2010
Dec 2009
Nov 2009
Oct 2009
Sep 2009
Aug 2009
July 2009
June 2009
May 2009
Apr 2009
Mar 2009
Feb 2009
Jan 2009
Dec 2008
Nov 2008
Oct 2008
Sep 2008
July 2008
June 2008
May 2008
Apr 2008
Mar 2008
Feb 2008
Jan 2008
Dec 2007
Nov 2007
Oct 2007
Sep 2007
Aug 2007
July 2007
June 2007
May 2007
Apr 2007
Mar 2007
Feb 2007
Jan 2007
Dec 2006
Nov 2006
Oct 2006
Sep 2006
Aug 2006
July 2006
June 2006
May 2006
Apr 2006
Mar 2006
Feb 2006
Jan 2006
Dec 2005
Nov 2005
Sep 2005
Aug 2005

 

Is a Bad Economy Good for Art?

by Roberta Murray on 1/5/2016 7:49:12 AM

This post is by guest author, Roberta Murray.  This article has been edited and published with the author's permission. We've promoted this post to feature status because it provides great value to the FineArtViews community.  If you want your blog posts listed in the FineArtViews newsletter with the possibility of being republished to our 37,000+ subscribers, consider blogging with FASO Artist Websites.  This author's views are entirely her own and may not always reflect the views of BoldBrush, Inc.


I've been asking myself this question for awhile now. With the global price of oil being down the economy has not been in a good state. The media has daily reports of how the downturn in the economy is affecting other industries, especially retail and the sale of so-called luxury items, like real estate and vehicles. Yet, despite all the doom and gloom news about how consumers are being cautious and reigning in their spending, my sales have been better than ever. Paintings have been selling on a fairly regular basis - so good in fact that I'm starting to be concerned about the taxes I'm going to end up paying. 


I am not alone. Other artists have also reported increased sales this past year. Local art auction specialist Levis, in Calgary, Alberta, just finished a record auction seeing 91% of the lots being sold for record high prices, with many paintings selling for more the double the pre-auction estimates. With Calgary being the Canadian centre for the energy sector, their economy has been hit hard by the energy prices and drop in stock share prices. The expectation for this particular auction was not good, so the robust bidding and standing room only audience was a bit of a surprise. Or was it?


When the markets become unstable, investment in more stable assets such as jewels, antiques, collectibles and art increase. These goods are viewed as tangible assets able to maintain long term value. This wouldn't be the first time investment in art increased while markets fell. In 2008/2009 art investment increased by 25%. The European Fine Art Foundation (TEFAF) 2014 Art Market report said 2014 global art sales broke all sales records and surpassed 2007's pre-recession levels with sales valued at over $70 billion US. 


Dr. Clare McAndrew, speaking on the report stated: “The art market reached its highest ever record level of sales with continuing strength in Modern and Post War and Contemporary art.  It continues to be a highly polarised market, with a relatively small number of artists, buyers and sellers accounting for a large share of value.  However, a promising trend counteracting this to some extent is the growth in online sales, which has encouraged a greater volume of sales in lower priced segments”. 


My little sales probably don't even factor into those figures, but the fact my records show increased sales is encouraging. While the rest of the world is full of doom and gloom, my fellow artists may be secretly celebrating their luck.  Besides a more stable investment, the other benefit to investing in art during bad economic times is that when all the news around us is depressing, you have a beautiful piece of art to adorn your house providing a piece of stability and well-being. 

 

 

---------------------------------------------------

You can view Roberta's original post here.

 

 

Your Art Deserves Attention and FASO Can Help

Get started today and we'll share your art with 50,000 art lovers tomorrow.

 

 



[Services:
FASO: Want Your Art Career to Grow?  Set up an Artist Website with FASO.
FineArtViews: Straight talk about art marketing, inspiration - daily to your inbox.

InformedCollector: Free daily briefs about today's finest artists in your inbox.

BoldBrush Contest: Monthly Online Painting Contest with over $17,068 in awards. 

Daily Art Show: Daily Show of Art that reaches thousands of potential collectors.

Backstory: About Clint. Email EditorTwitter. Republish. ]


Related Posts:

Art Marketing: Surviving a Period of No Sales

How I Painted My Way to the Middle Part II

Art Collecting on a Budget, Part 2: Seeking Out the Affordable

The Long Tail of the Art World

Keep on Keeping On

Do People Buy More Art in the Bad Economy?


Topics: Art Business | art collectors | art marketing | FineArtViews | Guest Posts | inspiration | sell art | selling art online | selling fine art online | support local art 

What Would You Like to Do Next?
Post your comment Join Email List Follow via RSS Share Share

 8 Comments

David King
via faso.com
You must travel in high circles. Most artists are not selling at the "investment grade art" level. Most of the artists I know are struggling to survive and it's not for lack of quality in their art. For those that haven't been able to network into the circle of the rich elite it's tough out there.

Roberta
via faso.com
David;
I did say my "little" sales probably don't factor into the equation. I am not in the circle of rich elite by any means. There are more people who invest money than those elite you know. Maybe my increased sales were a fluke, maybe they weren't. Either way, sales could still be better for me and all artists.

In any case, my post was about raising the question of whether or not a bad economy was good for art.

David Kachel
via faso.com
What sort of delusional fantasy land does this author live in?!
Rich people speculate on astronomically overpriced 'Emperor's New Clothes' swindler's "art". This worldwide art casino has no more to do with real-world artists than used car sales in Borneo. Auctions are totally irrelevant.
There is no 'question of whether or not a bad economy is good for art'. That ship sailed 200 years ago.
The first sector to be hurt by a bad economy is art. Artists are the canary in the coal mine for the economy. The last sector to recover in a good economy, is art. Often, like now, that canary just lays there, regardless.
Can't remember ever reading such a ridiculous premise.

David Randall
via faso.com
It would be nice to think the arts could or would profit in a bad economy. In the framing business, a closely related luxury business, the economy has not recovered at all from the 2007 so called recession. The closing of many galleries could be a signal of the same for the art business. There are always exceptions of course.

I just had my worst November and December sales in 11 years in business but that's just me or maybe I'm the canary in the coal mine.

Mark Brockman
via faso.com
First let me say I like your work Roberta.

I kind of agree with the two Davids, but I'll try to be a bit nicer.

Art is generally not a good investment unless you are at the high end market. Even artists who become well known and live off their art, well, after they pass to where ever it is we pass to, are often forgotten, their work, not worth much. Sad but true in most cases. Now this is in regards to us lowley artists at the mid to low end, though some high end artists and their art become unknown and worthless too.

This is not to say an artist might not do well when the economy is bad. I've done quite well this year, but I don't expect it to last. A fluke? Maybe. But I'm happy for you if you are doing well, keep it up.

Walter Paul Bebirian
via faso.com
I would say that you are seeing a steady or even increased number of sales due to your efforts in marketing which often pay off some time after you have put the work into them -



claudia
via faso.com
I'm not having your luck. I would say my sales have been flat for a couple of years. Did they improve, yes, some, but haven't gotten back to 2008 and before levels. My mid price work sells the best as well as my ridiculously low priced bin work. I live in a state where we have a fairly good economy. The wealthy collectors buy all the time no matter what. I was sad to see the low end buyers get totally squeezed out. People buy art with disposalible income, so now I am interested to see if this summer art sales pu with the lower gas prices.

Walker Stevens
via faso.com
Hooray Roberta,

I think you nailed it!!! Great article; finally another 'professional' artist who agrees with what I've been preaching in my blogs, newsletters, and comments to FAV articles.

If you design, and direct, your marketing to a SPECIFIC art market, that DOESN'T CARE IF THE ECONOMY IS GOOD OR BAD (because they always have money), you will rarely (if ever) have a slow down in sales.

I had a GREAT year in 2015!!!! And, hope to break seven figures in 2016. I don't give my art away; I have originals that have sold, and will sell for from $4,800 to $58,000 (just sold one); and, I'm enjoying a brisk business.

Why? Because I've practiced sound business acumen, and a sound marketing strategy, learned from Thom Kinkade, and other 'professional' artists, who practice the same things.

You artists out there who refuse to listen to advice from professional artists (those artists who make a LOT OF MONEY from from the sale of their art), need to re-think your marketing strategies.

For those of you who are crying about galleries, don't! I have some of the best galleries in the U.S. trying to get me to hang with them. No dice; I don't need them. I have one gallery that sells for a straight 30 percent commission (Saatchi), but most of my art is sold through my personal client list.

Congratulations Roberta; all the best to you.

Warm Regards,
Walker Stevens

www.walkerstevensfineart.com
www.saatchiart.com/walker_stevens_fine_art

faso.replies@walkerstevensfineart.com
walkerstevens@walkerstevensfineart.com










 

FASO Resources and Articles

Art Scammers and Art Scam Searchable Database

 

FineArtViews, FineArtStudioOnline, FASO, BrushBuzz, InformedCollector, BoldBrush
are Trademarks of BoldBrush Technology, LLC Licensed to BoldBrush, Inc. 

Canvoo is a registered trademark of BoldBrush Technology, LLC Licensed to BoldBrush, Inc

Copyright - BoldBrush Technology, LLC  - All Rights Reserved