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FuzzyReaction t1_ixwnycd wrote

It's good to support local artists. Better than supporting multinationals.

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jakedesnake t1_ixxgtk2 wrote

People buy art from unknown and obscure artists thinking it's an investment?

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latchkey_adult OP t1_ixxi08b wrote

I think I worded it poorly. I think people assume everything they buy has some resale value correlated to what they paid for it as long as it's in good condition. Art has almost zero real value and all perceived value.

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IvaPK t1_ixyheuv wrote

I didn't realise that people think like that about everything they get, I get stuff because they make the happy chemicals

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jakedesnake t1_ixyyia0 wrote

> I think people assume everything they buy has some resale value correlated to what they paid for it as long as it's in good condition.

This is not my impression. Most people are, as shocking as it may sound, like you and me.

Sure some people on the second hand market are a bit optimistic, but you always have those guys.

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FactsFromExperience t1_iy0u7f9 wrote

As I posted in my previous reply to this, those people are really doing Life as a pro. If the only things you buy in life or at least most of the things you buy do have a good resale value or you can even sell them for more than you paid for them then you are certainly a pro at that part of life.

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jakedesnake t1_iy10nmm wrote

> If the only things you buy in life [...] do have a good resale value or you can even sell them for more than you paid for them then you are certainly a pro at that part of life.

Well that's very uncommon. There are on the other hand people who are specialized in certain areas like antiques, cars, old candle holders, oil paintings, houses... and they know which ones are interesting to buy and which ones arent.

This LPT post however is about none of the above

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FactsFromExperience t1_iy1121f wrote

I think you might have missed my point. I was being a little jokeful but in reality not. My point is anyone who buys something intentionally not worrying about the resale value or happy to have it be worth nothing when they're done with it isn't really being a pro at life. This is called life pro tips so a better life pro tip regarding buying things would be to buy low and sell high or at least try to. Wait till things are depreciated until you buy them so you won't lose as much as the previous owners. Only buy things that will hold their value and maybe increase in value or be worth more to the right person and know how to find those people and market to them. This is a life pro tip. The other one is more like a life amateur tip.

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jakedesnake t1_iy12cqz wrote

Absolutely.

Not sure they would hold as LPTs anyhow though cause they are not specific. It's a bit like saying "get a job with an employer that cares about their staff".

>This is called life pro tips

Yeah well almost no one really cares about that fact though. People here these days are just posting because they like to see their own words in print. That's the sad truth. Very few things are tips that people can actually apply, to get some life improvement.

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FactsFromExperience t1_iy12ipi wrote

No doubt. I've seen a few that were decent good advice that a lot of people may not know.

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Skittles_the_Unicorn t1_ixwlo5m wrote

How is art from an unkown or obscure artist priced in the first place anyway? Does the artist just count the cost of materials and then figure a dollar per hour amount for creation or does he/she just say "oh what the heck, mark at $1,000 and let's see if anyone bites?"

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latchkey_adult OP t1_ixwm0t7 wrote

It's certainly closely associated with the clientele. My parents love going to artwalk type events in a wealthy area of Palm Springs, CA. Some local granny doing paintings and charging $3000 doesn't even raise an eyebrow. That same painting wouldn't even sell for $50 at Goodwill in a major city.

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ricardo9505 t1_ixwnna8 wrote

Yeah my friend was an artist in the NY/NJ area. Been to a few shows. The shiit ppl sell for ridiculous prices is not only astonishing but insulting in some cases. Lol

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majesticalexis t1_ixypya2 wrote

When I first started selling my paintings on Etsy I kinda did that and also looked at what comparable artists were doing. When things started selling I raised my prices.

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GrittyPrettySitty t1_ixy8tvi wrote

Yes for all of that. Also some charge per square inch. How to price your art is a tough question.

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n3m37h t1_ixxkgvn wrote

ULPT Kill artist
Travel into the future 500 years
Profit!

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weirdgroovynerd t1_ixwsglc wrote

I have a musician friend that collects guitars "as an investment."

The best part is that he has to hide these "investments" from his wife.

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Acchilles t1_ixys2g4 wrote

Wait are you telling me Masterworks is a scam đŸ˜±

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Public-Dig-6690 t1_ixzby3v wrote

What about the starving artist sale on the tee vee ? Paintings starting at only $19, nothing over $100, sold at the local holiday inn buffet and convention center ???

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The_Wandering_Chris t1_iy0o2pq wrote

Potentially a scam, in bigger cities there are “art scams” where people sell paintings that aren’t paintings. They’re photocopy prints that were printed on a canvas.

I had a friend who was apart of one in college and she solid an entire art “collection” to a corporate buildings. As a result every painting in that building was fake but looked real.

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Skalion t1_ixyu5cr wrote

Parents bought 3 pictures of the same painter from a traveling reseller. (high 3 digit/ very low 4 digit amount) 3 years later said seller was here again, parents asked for pictures of same painter. Seller told us he has none as he can't afford them anymore.

So yeah sometimes you might get lucky as well

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Any-Flamingo7056 t1_iy0l99l wrote

I used to sell photography stuff at street art stuff in Charlotte and, at least there, it seemed pretty common for people to ask you sign stuff they bought.

Never really asked why...but I assumed it was in case you got famous they had one of your early works

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keepthetips t1_ixwkh9s wrote

Hello and welcome to r/LifeProTips!

Please help us decide if this post is a good fit for the subreddit by up or downvoting this comment.

If you think that this is great advice to improve your life, please upvote. If you think this doesn't help you in any way, please downvote. If you don't care, leave it for the others to decide.

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davewhocannotbenamed t1_ixytudq wrote

Sounds like someone who doesn’t work in the industry. An investment in art that you love is never wasted. I don’t have enough walls.

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Objective_Problem_90 t1_iy2mbat wrote

I'd add that even if you buy something of a known artist, buy because you enjoy. I've bought paintings of tarkay, gockel, known artists and 10+ years later probably the same place as paid. I enjoy the art work for what it is, not for investment.

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SeveranceZero t1_ixy2h65 wrote

LPT: Don’t be like OP thinking you are going to get rich by buying obscure art from nobodies and sitting on it for some time.

Lmao, these LPT just get worse and worse.

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FactsFromExperience t1_iy0uada wrote

This is not a pro-life tip at all because if you're buying things with the expectation of little to no resale value and not even looking to make a profit on many things you buy then you certainly aren't a pro at this aspect of life. Lol

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sfstanko t1_ixxlv6r wrote

Hunter Biden’s art is a good investment

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