Chapter10

Selling Your Art

There are some pieces you purchase for life, pieces

you keep because of the sentimental value. And then, there

is artwork you were absolutely crazy about 10 years

ago, but today find yourself having stopped noticing it. The

artwork has faded into the background.  This is a good

indication you may want to sell this piece. Maybe go look

for a new item you are now moved to own.

Like our taste for clothes, literature and nearly all else

in life, our taste for art undergoes its own evolution. When

your tastes have evolved beyond a work you have, it is in

your best interest to look for an opportunity to profit from

selling your art.  If you have been working with a

knowledgeable art dealer whose guidance led you to good

choices when you first made the purchase, you will find

these pieces have become of great value after ten or twenty

years.

There are countless art patrons who often find the

original or edition series they love to be sold out, forcing

them to enter a period of waiting for the first availability of

the art work they are seeking. When you're ready to pass

along your piece and you know your artist's current value

(because you did your research), it's time to explore the

market and see who is buying what you have to sell.

Which is by no means an easy task.

Unless you own an art gallery, selling your art may

prove to be a challenge at first.  It's not so easy to

convert your $50 thousand dollar artwork into $50

thousand dollars cash. But your first step is contact

galleries who carry the artist on display. They may have

clients who are waiting for the piece you have or you may