WoodCentral Forums

Est. 1998 — 27 years of woodworking knowledge

Way OT: Any art experts here?

Posts

Way OT: Any art experts here?

#1

A.J. Hamler

Way OT: Any art experts here?

A.J. Hamler

>I have two art questions, and as with other OT questions posted here, I wouldn't be surprised that there are a few experts around. I've done the usual searching through Google, but because I know absolutely nothing about art I'm sure I'm not looking in the right places or putting in the right search terms. In short, I can't find what I need.

First, I need to find a painting by a contemporary artist, or perhaps a not-too-long deceased one, that would be worth in the neighborhood of $40,000-$50,000 or so in today's market. This doesn't have to be a specific painting -- in fact, it shouldn't be -- but the artist must be specific and must be a known name. What I'm looking for is a hypothetical painting that is anywhere from 20 to 40 years old that may have been bought by a collector an unspecified number of years ago at a decent price before the artist was as collectible as he is today. Today, however, the artist should be well-known enough that the value of this hypothetical painting has risen over the past few years to around that $40,000-$50,000 figure I mentioned earlier.

Secondly, can anyone tell me how paintings are insured, or point me in the right direction? Specifically, is the insured value of a piece of artwork adjusted on a set schedule of some sort to assure the owner that the insured value matches the current marketplace?

Can anyone help?

TIA

A.J.

Re: Way OT: Any art experts here?

#2

Look for paintings done by Anthony Benedetto

awh

>That's Tony Bennett (yep, the singer) he does oil paintings and watercolors. I gave my mother (huge Tony Bennett fan) one of his paintings as a Christmas present a few years ago. His stuff (originals) sell for $20-30,000 you could buy two of them and you'll have a work done by an artist know well outside of the art circles. His painting tend to be on the smallish size (16x20), here's a sample of his work...


img

Re: Way OT: Any art experts here?

#3

Corrected Pic URL 

awh

>


img

Re: Way OT: Any art experts here?

#4

Alan Young

I are no Arteest Expert but *LINK*

Alan Young

>You might contact these people. They have a prominent advertising presence in local Detroit Media.

Alan


Park Wets Gallery

Re: Way OT: Any art experts here?

#5

I give up. Why do you want to know?

Stephen Roth, Morristown NJ

>

Re: Way OT: Any art experts here?

#6

Lee Gordon

Re: Way OT: Any art experts here? *LINK*

Lee Gordon

>I'm not sure if this fits your criteria because it's a screen print rather than a painting and the artist died in 1987 (not exactly recent) but I did spot a 1971 work by Andy Warhol (Electric Chair #82) on line for $40,000. Of course, by '71 Warhol was already a hot commodity so it's possible that piece was pricey when it was forst created.

I did find several currently living artists with paintings created during your timeframe that are now on sale in the $40-50K range. I'm not familiar with any of them so I'd say they are not household names like Warhol but may be worth looking into:

Mikail Chemaiken (US), Raphael Coronel (Mexico), Pierre Alchinsky (Belgium), Ernest Trova (France). I'm not even sure if the countries listed are where the artists are from or the locations of the sellers.

You may also want to call or pay a visit to the Parkerburg Art Center and pick the brain of one of their experts. You might also try contacting an auction house like Sotheby's and see if one of their people can point you in the right direction.


Artprice.com

Re: Way OT: Any art experts here?

#7

I don't get it!

Keith Weber

>I could see someone owning a painting worth $50,000 if they bought it for fraction of that price a few decades ago.

I could even see somebody spending that much on a painting if they really liked the art and that's what it cost to own said art (someone with a lot more money than me!)

But, for the life of me, I cannot understand why anyone would want to spend $50,000 on art just for the sake of spending $50,000 on art. Is it so that the buyer could outdo a neighbor that spent $25,000 on a piece of art. I just don't get it.

I have a couple of small paintings done by an Italian artist in Rome. I bought them because I liked them, but I'd let them both go for $50K if someone wants to say that they spent $50,000 on art.

Keith

Re: Way OT: Any art experts here?

#8

Lee Grindinger

It's a vague request, AJ

Lee Grindinger

>I'm not real clear on what you want, it appears you want a hypothetical and real person with a valauble painting that sold cheaply when they were starting out.

at any rate, Russell chatham is a local boy of note, http://en.wikipedia.org/wiki/Russell_Chatham

Here's another, Frida Kahlo. A movie was done about here and the Wikipedia entry will list her lover, Diego Rivera, as another possibility.

Georgia O'Keeffe comes to mind, http://en.wikipedia.org/wiki/Georgia_O%27Keeffe

Well, I'm not sure what you're after, AJ, perhaps some background for a book?

Lee

Re: Way OT: Any art experts here?

#9

Re: Way OT: Any art experts here?

mdclor

>Hi!

I watch "Antiques Roadshow" regularly and they will often provide 3 values: 1. Auction, 2. For sale in a shop and 3. for insurance purposes. The value is based on the current value based on recent auctions/sales. I would think you need to check with a local appraiser to get a good answer if I understood your question correctly.

Merle

Re: Way OT: Any art experts here?

#10

A.J. Hamler

Because I'm going to steal it

A.J. Hamler

>

Re: Way OT: Any art experts here?

#11

A.J. Hamler

Re: It's a vague request, AJ

A.J. Hamler

>Lee...

Yeah, kinda vague, which says a lot about why I've had a hard time Googling for what I need. Google doesn't do vague very well.

But, yes, it is for some background detail for a story that I've written. I "rough-in" a lot of stuff when I write fiction so as not to slow myself down, then go back when I'm done and clean up the details. This is one of those details.

Thanks to you and everyone who gave me some pointers, I think I know now what I need.

A.J.

Re: Way OT: Any art experts here?

#12

Alan Young

Cool! Do we get a % of the Big Payo$$?

Alan Young

>

Re: Way OT: Any art experts here?

#13

go back to school :)

Joe Piotrowski - Chicago Burb's

>sometimes you have to go to the source. go to a near buy college or high school tell the art directory that you are doing research for a book. I am sure you will get all you need.

check out the head of art museum, auction house etc.

just some ideas

Re: Way OT: Any art experts here?

#14

Re: Way OT: Any art experts here?

Gene Gauss

>My father was a sculptor who had several painter colleagues whose stuff is doing pretty well, now that they've been dead for anywhere from 20 to 40 years. Several names that I remember are John R. Grabach, Henry Gasser, Rudy Voelker, Maxwell Simpson. The following website lists some of these namess and many others, but requires that you subscribe to get into some of the more definitive information: www.askart.com. Gene Gauss

Re: Way OT: Any art experts here?

#15

Re: Way OT: Any art experts here?

Dan Arrowsmith

>I think the insurance for art works like it does for diamonds ( for example). The item is worth what the market will bear, say $5000. You will then get an appraisd for insurance at double the value, You will then pay the premium on $10000 value. Should the item be stolen, lost or whatever you will get the replacement value of $5000. Neat legal scam that has gone on for years. Works for art too.

👍 This page answered my questions

Your vote helps other woodworkers quickly find the answers and techniques that actually work in the shop.