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Katie Jeans

9 Years Ago

Photo For 40,000...what Are You Thoughts?

I went to a gallery in Nantucket, MA. There was a photographer who is apparently is up & coming who had a close up of the tip of a whale tail in the ocean at this gallery. I cant remember the name & I tried looking up the photo and cant find it. Dont get me wrong it was an amazing photo the colors, composition, & the fact of putting himself at risk taking the picture adds to the cost but 40,000 I thought was crazy high. The lady working at the gallery said he has sold some.
Size I'd say 3ft x 5ft. Thoughts?

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Jeffery Johnson

9 Years Ago

More power to him.

 

Jeffrey Campbell

9 Years Ago

I think it is fantastic, good for him/her!!!

It's much better that trying to sell it here for $24.95 plus shipping. :-)))))

 

HW Kateley

9 Years Ago

What the market will bear as they say...

 

Katie Jeans

9 Years Ago

Oh def good for him but I honestly have never seen a price so high before but I dont go to many galleries either! I think highest Ive seen is 10,000. I wish I could be that lucky to even sell one of my prints that are under $90 at largest size haha & wow to have the money to even spend 40,000 on 1 piece of artwork

 

Bradford Martin

9 Years Ago

If you have a name for yourself and the work to go along with it thats the reward.

 

Jeff Sinon

9 Years Ago

Peter Lik sold a photo for $1,000,000 so $40K, while nothing to sneeze at, is a mere drop in the bucket if you're known and good at marketing yourself.

http://www.lik.com/news/newsarticle13/

 

Heidi Smith

9 Years Ago

Jeff, I was in Peter Lik's gallery in Lahaina a couple weeks ago. :)

 

Loree Johnson

9 Years Ago

My opinion is also "good for him." FWIW I think way too many artists and photographers underprice their work. I was looking at the recently sold today and saw an amazing photo that sold. I took a look at the photographer's gallery and all his works are amazing. Then I took a look at his prices. It appears he has a $25.00 markup on all his pieces, no matter the size. What a shame. His work is better than mine and my average sale nets me around $300. The fact is, art is a luxury. If you're pricing your work to appeal to the bargain hunters, you're targeting the wrong market.

 

Alfred Ng

9 Years Ago

Some well known and living photographers sell their print in $100,000 range. Our Canadian photographer. Jeff Wall 's work : "Dead Troops Talk", 1992 was sold for
$3,666,500 but his only No. 3 on the most expensive list.

 

Jeff Sinon

9 Years Ago

Heidi, The funny thing about that photo is that I've seen more than a few just like it that are as good or better taken by local photographers. Some along taken along the same river here in New Hampshire where Lik shot his $1 Million dollar image. He is a great photographer, but he's also a marketing genius!

Loree, I couldn't agree more! "Never price your work for what you can afford." Not sure where I first heard that, but when setting my prices I try to live by it.

 

Val Arie

9 Years Ago

Maybe we should all just raise our prices...we can't compete with the low ball prices...and what good is it to be a starving artist anyway?

 

Jeffrey Campbell

9 Years Ago

There are people who will spend $600 on a new mobile phone and another $200 every two years to upgrade.

 

Floyd Snyder

9 Years Ago

Some people have more money then they will ever have use for. When you sell to that market, price is no object. In fact, a low price may be a deterrent.

What makes Cezanne's The Card Players worth $273 million dollars? Because the buyer could afford it more then anything else.

If the right gallery owners, picked a photograph from FAA through a blind draw, he could probably sell it for $40,000.

The thing is, there is no real market in art because there is no hard value. The is no ready market for it. Not like silver, gold or diamonds or stocks.

The market on art is what ever, like mentioned above, what ever the market will bare.

But can you sell that $40,000 photo any day of the week if you wanted to sell it and get your $40,000 back? Not likely because there is no market maker in art like there is in gold, silver, diamonds or stocks.

 

Aston Pershing

9 Years Ago

w

 

David Smith

9 Years Ago

Have you seen Andreas Gursky's "Rhein II" which sold in 2011 for $4,338,500?

 

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