Shannon Lee
For all but the very top one percent of art lovers, collecting a great work by a top artist can seem impossible. Along with the issue of scarcity, works by high-demand artists are often astronomically expensive and far out of reach for most collectors. But there is still a way to collect works by these impossible-to-collect artists.
“One might ask themselves, ‘How could I ever
collect a work by James Turrell?’ You wait eight hours to see his work at the
Guggenheim, and people travel from all around the world to see his
site-specific pieces,” said Jenny Gibbs, the executive director of the
International Fine Print Dealers Association (IFPDA). “Many people don’t
realize he’s also an avid printmaker!”
This year, accompanying the very first hybrid online and in-person
edition of its Fine Art Print Fair, the IFPDA is also hosting its first-ever
Print Month, which includes daily virtual programming with printmakers,
curators, artists, and collectors. With more than 100 galleries, fine art
presses, and print studios participating worldwide, a good number of the fair’s
virtual booths feature prints by artists who are otherwise inaccessible.
At Dolan/Maxwell’s booth, for instance, one can find prints by the
late painter Jacob Lawrence alongside work by Elizabeth Catlett. In recent
years, Lawrence has received long-overdue recognition, with works consistently
breaking auction records. His prints, however, have yet to reach the secondary
market.
In addition to historic works, the fair is also debuting a number
of exciting new editions by hot-ticket contemporary artists. Kiki Smith’s new
print series will be on view at the Universal Limited Art Editions (ULAE)
booth, and Wisconsin’s Tandem Press will be sharing new editions by Derrick
Adams. “Jay-Z collects Derrick Adams,” said Gibbs, emphasizing the excitement
around the multidisciplinary artist’s work. “If you think, ‘How could I ever
afford to collect someone that Jay-Z collects?’ the answer is in some of these
new editions.”
Along with Turrell and Adams, Gibbs also noted Richard Serra’s long career as a printmaker. “Gemini G.E.L. has produced a couple of amazing editions that really capture the scale of his work and the texture, but on really subtly toned paper,” she said. “If I were a collector starting out and looking for impossible artists, Serra and Turrell would be my top two.”
For Dakota Sica, director at New York gallery Leslie Feely,
collecting prints by big-name artists is a way to get a foot in the door of
serious collecting. “These brand-name artists have gotten so expensive both at
auction and at galleries that collecting their editions is the only sensible
way to be part of that conversation and live with great works without breaking
the bank,” he said. “It’s a really easy way to climb the ladder and build your
collections.” The gallery’s online presentation for IFPDA features prints by
blockbuster artists including Richard Diebenkorn, David Hockney, and Kenneth
Noland, and is accompanied by an in-person exhibition.
Investing in an artist’s printmaking practice can also open up
entirely new avenues of appreciation. “The printmaking technique offers even
further insight to the artist’s practice and expression,” explained David Blum
of Peter Blum Gallery. His father, Peter, had been publishing prints and
editions since 1981; along with the gallery, David inherited an intimate
understanding of the medium and the close collaborative process and exchange
between printer, publisher, and artist. The gallery’s IFPDA viewing room
features works by the Tlingit/Unangax̂ artist Nicholas Galanin
. “It’s a whole other way to get to know an artist you’re a fan
of,” echoed Sica. “There are certain artists who, in addition to
their painting or sculpture practice, are also great printmakers. Diebenkorn is
an artist we work with a lot. Robert Motherwell and Helen Frankenthaler are
also equally phenomenal printmakers.”
Still, while prints by these artists are often significantly more
affordable than works in other media, they can be quite expensive. The plus
side, however, is that prints frequently offer a much broader range of price
points depending on factors that include the edition size, the colors used, and
the dimensions of the print. This allows for greater opportunity and access
to a single image.
“Some of Diebenkorn’s ‘Ocean Park’ prints can go for half a million a piece, but then there are other ‘Ocean Park’ [works] from the same suite that are around $15,000 to $20,000,” Sica explained. “You can buy a black-and-white ‘Ocean Park’ etching for $2,500.” Collectors can also feel confident these works will generally appreciate in value—assuming they are well cared-for—because they are made by artists who devoted years of their practices to the medium.
“If you think about the most famous artists—Picasso, Rembrandt,
Matisse, Dürer—they were all avid printmakers,” said Gibbs. While great
paintings by any of these artists typically cost a minimum of tens of millions
of dollars, their prints can range anywhere between four and six digits, giving
more people access to the artists they love. Last night, for instance,
Christie’s sold the Picasso portrait painting Femme dans un fauteuil (1941) for
$29.5 million; last month, meanwhile, the auction house sold a print of the
artist’s 1949 lithograph Tête de jeune fille for a comparably very affordable
price of £16,250 ($20,900).
What these prints make abundantly clear is
that collectors need not spend their life’s fortune on a singular piece by a
great artist. Collecting prints offers a low-risk opportunity to invest in and
live with work that’s often impossible to get a hold of, allowing more and more
people to participate in their market.
Shannon Lee is Artsy’s Associate Editor.
https://www.artsy.net/article/artsy-editorial-collect-works-impossible-to-get-artists?utm_source=braze&utm_medium=email&utm_campaign=ms&utm_term=61eece30ea5095b820f7cfb38c5a6a49
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