UNKNOWN Artist but What Did I pay for His Work?
Opportunities knock all the time when you visit auctions and see what is on offer. I have spoken about bargains repeatedly but today I am on a different subject that might lead to the same result.
Have you ever been to an auction where the work of a artist is sold as a studio?
Have you ever bought the whole studio and the work of a deceased artist; in other words his art estate?
There used to be many opportunities to invest in art from studios in London in the old days. If money was available I invested up to 500.00 in a couple of pieces of such artists. It was an investment for the future with the hope that what I invested in was to appreciate in time.
Bonhams auctioneers used to have a good saleroom at Lots Road, near Chelsea Harbour. They had weekly and bi-weekly art sales and the opportunities were good to very good.
It was roughly 1993 when about 18 oil paintings by Clifford Charman appeared at the auction and were all offered as one lot which I acquired for the lofty sum of 400.00. That was an investment I hoped it was to bring some money in a few years later and at my later years. That investment I improved or so I thought by buying the remainder of Charmn’s studio for another 300.00, eg three oil painting and about 150 drawings etc. In total I invested the sum of 700.00 for twenty oil paintings of various sizes plus about 150 drawings, watercolours of good quality at times.
The question all my reader ask now is what happened to such an investment?
I am NO millionaire but a number of pieces of that investment have already sold for £100-350 pounds plus a few drawings and watercolousr at 50-80 pounds. They sold roughly speaking with about 100-200% profit of what I paid but I am happy that I still own plenty of those pieces and the best drawings and watercolours are with me still.
What is my point and what do I advise all my readers?
Many artists die virtually unknown and dealers and shrewd investors make good money because they have a good eye and know where to put their money and why?
Clifford Charman is a good artist but unfortunately not many of us see his work as very good. His art is collectible but only up to about 1500 for big canvases of his.
This is one of the artists drawings. It is not difficult to see why the artist is good and why prices should be higher. This is a preliminary sketch of an oil painting circa 1950.