“ Are Paintings for You?” - Daryle Lambert’s Antique and Collectible Blog – I hope so. Keys to success in the field of Fine Art. Daryle lambert tells you how it is and what it take to be successful in this field.
News-Antique.com - Jun 25,2009 - Can you hear the applause as the auctioneer’s gavel goes down and someone has just purchased that $10,000,000 painting. The excitement in the room is almost electric but how does that apply to you? We are in this business to make money and I hope we don’t forget that with all the hoopla.
I shared with you several times that Fine Art was the last frontier for me to conquer and that is why I waited so long to include art in my plan for success. Has it been rewarding? You betcha. Just one painting purchased for $16,000 and sold for $115,000 has made all my research and time spent worth it, however, it ain’t easy and there is tremendous competition. You will not be successful in the Fine Art business by sheer luck. It takes time and study and perhaps more patience then any other item that you will master.
Yes you will occasionally find a person that just falls into a real treasure in the form of a painting but I will show you hundreds of times where the ultimate winner on a painting isn’t the first one to find it. For instance the finder may pay $1500 for a painting and turn it quickly for $3000 and he is totally satisfied and met the standard for what we at the “Daryle Lambert’s Antique and Collectible Club” wish to achieve. However, if that painting is worth $85,000 and with a little more research we would have know that, we would have made a huge mistake. This is where our rule, “Don’t sell anything until you know what you have,” comes into play. Yes, the compounding of our money is important, but we are in this business to find treasures and when we give them away at a fraction of their value it isn’t smart.
You can very easily be intimidated by the Fine Art field but that is where I hope that the Club plus me individually can make that journey into a very difficult field easier for you. But remember if you don’t include us then there is very little we can do for you, so call and email with all the questions that cross your mind and I promise we will never get tired of answering them for you.
I now am going to share something with you that may cause a little discouragement at first but it shouldn’t. Remember you are going to be one of those that are knowledgeable because you are going to put in the effort that is needed. So here we go.
On eBay there are 130,680 completed auctions listed under paintings. The highest price one is around $1,000,000 and it didn’t sell. But at what price did the first one sell you should be asking. Here is your answer: $10,900 and it was by an artist that I don’t know. The next highest is $10,600 by a Russian artist and then there are only two others that reached the $10,000