Is There an Advantage to Selling Limited Edition Fine Art Photography
I accept been working on an article which contains advice and discussion well-nigh pricing artwork. I decided that editioned prints and photographs deserve their own post! Beneath is central information for artists who print and sell editioned artwork.
Limited Edition vs. Unlimited Edition
A limited edition print is an edition that has a stock-still number of prints from the beginning of the print run, and the number of prints never changes. Limited edition prints are marked with two numbers: the unique number of the print and the size of the unabridged print run. For example, the first print in an edition of 20 would be marked as ane/20 and the last work in this edition would be marked 20/20.
The number of a limited edition print is normally marked in pencil on the front of an actual print (lithograph, collograph, etc), or is usually marked in pencil on the reverse side of a photograph straight on the photo paper, or in pen or pencil on a label or the material which the photo is mounted to.
An unlimited edition print is a print run that has no stock-still number of prints from the beginning of the run.
Original Prints vs. Reproduction Prints
An original impress indicates that the print is of the original medium that the artist created the work in. For instance, a photograph printed is an original impress. Any type of printmaking is an original print (intaglio, monoprint, etc). A work of art created digitally on a computer and printed out is also an original impress.
A reproduction print indicates that the print is not the original medium of the artwork. For example, a photograph of a painting or drawing which is then printed out as an edition is considered a "reproduction" of the original artwork, and non artwork itself.
Original prints are valued as collectible as any other creative medium. Reproduction prints have a far lower value; the Wikipedia article on editions explains that reproduction prints are "essentially in the same category as a pic in a book or mag, though better printed and on better paper."
Number of Prints and Value
The number of prints in a limited edition is directly related to the value of that work. The lower number of editions, the more collectible the work is and thus it has a college monetary value.
As an example of edition size vs. value, bank check out the Ken Lum editions sold at the Vancouver Art Gallery gift shop:
Ken Lum
I Can't Believe I'm in Paris, 1995-2011
archival inks on arches watercolour paper
edition of 100
54.half-dozen cm x 68.6 cm
$400 non members; $360 for members (unframed)edition of five
104.1 x 134.half-dozen cm
$iv,500
Although the prints themselves are dissimilar sizes (54.6 x 68.6cm for $400/$360 and 104.one x 134.6cm for $4,500), it is the limited size of the larger edition which dictates and justifies the increased price.
Here is another case of value related to express edition size:
Rodney Graham's Ponderosa Pino IV is an edition of 2 (sold at auction for $86,500 in 2009)
VS
Rodney Graham's Oxfordshire Oak, Banford, Fall, 1990 is an edition of 500 (sold at auction for £500 in 2008)
The higher up Rodney Graham case is a generalization, as the works themselves are not the same and thus I tin't argue that the value is based on edition size alone. However, the increased value of Ponderosa Pine Four does clearly reflect its more limited edition size.
How many editions?
Generally speaking, for artists who desire their work to go collectible and steadily increase in value, the size of the edition should exist kept low. For gimmicky photographs and original prints, the edition size is commonly betwixt 2 and 20.
Higher limited editions of 250, 500, and more are ordinarily saved for sure works of highly collectible artists similar Rodney Graham or Andy Warhol, where the big limited edition will frequently still sell out and the easier accessibility of a higher editioned work will not adversely effect an established artist's market value.
A note almost Artist Proofs
Artist proofs originated as exam proofs of an artwork. They may withal physically be this in some cases, although many artists have a predetermined amount of artists proofs in an edition which may exist printed at any fourth dimension (earlier, later, or during the original print run). The purpose of reserving an artist proof from an edition is that one time an edition is sold out, the creative person nevertheless has a small number of prints bachelor for donation or exhibition purposes. Classically, 10% of a express edition size is considered an appropriate amount of artists proofs. Thus, if you've purchased a print, you lot might notice the edition size is something similar: Edition of 20 + 2 AP. This indicates that 22 editions of this work either are or could potentially be produced.
What experiences accept you had in editioning your artwork? Did smaller or larger editions do good your sales or value?
Source: https://thepracticalartworld.com/2011/08/29/editioned-prints-and-photographs-how-many-what-value/
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