Showing posts with label Patti Thum. Show all posts
Showing posts with label Patti Thum. Show all posts

Monday, November 3, 2008

After the Election, What Then?



Tomorrow we will have a new President, and I personally believe that the coming year will be a very good one. I also believe the Antique and Fine Art Markets will flourish. If this is true, how might we start preparing for this time?

Maximize your money by buying something of value. Remember, money in the bank next year will likely produce very little income for you because of low interest rates. Getting back to basics is the order here, and looking to what has produced the greatest returns in the past will tell us what to buy. Paintings, Art Pottery and Art Glass have proven themselves to be the greatest return on investment for many years, and this will hold true in the coming year.

Paintings have guaranteed the person who has found pieces by listed artists and bought them well, the greatest return on investment. The number of people qualified to estimate their value is smaller than any other field in the antiques field. This being true, I highly recommend you spend time familiarizing yourself with a number of listed artists you want to become very knowledgeable about. I chose artists that appealed to me and then followed their successes in the marketplace through auction results and articles written about their works.

My list includes Harvey Joiner, Carl Brenner and Patty Thum. These are all Kentucky artists, and being from Kentucky, I have been able to accumulate a list of people who are searching for their paintings. Whenever I find one, I have a ready market for it. Next, I turned to one of my true loves -- the West. When I traveled to Wyoming, I discovered the paintings of artists such as William Golling, John Borein and Ida McAffee. All of these artist have served me well over the years, and have greatly added to my bank account.

Closely behind paintings, in return on investment, comes American Art Pottery. Grueby, Newcomb, Rookwood and George Orr pottery have increased over the years many times their value, and I believe their value will continue to escalate because of the limited number of pieces that were produced. Have you done your homework so you can know the rare and unusual in these lines?

Art Glass speaks for itself, with Tiffany leading the way in value, but it doesn't stop there. Companies like Stueben follow closely behind. I believe, however, that in the area of Art Glass, the real growth in value might be in the more contemporary glass such as Lotton, Smallhouse and Satava. I’ll be writing more on these last two another time.

I’m happy to assist my readers in any way I can about getting back to the basics. If you have questions, just ask me. Leave a question in the comment box is you like, or send me an e-mail at info@31corp.com. I want this coming year to be one that people will look back on and say ”The 31 Club changed the way that business will be conducted in the future.”

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Saturday, June 14, 2008

Working the Trends in the Antique and Fine Art Markets

Lotton Glass Lava & Cypriot Vases. Photo from Lotton Glass Club.

It’s come up upon the first year anniversary since I published my book and launched the 31 Club, and naturally, I’ve been thinking about the past year. I’ve shared a lot of my expertise with blooming enthusiasts, and it does my heart good to see many of you doing things you never thought you could do. It’s always helpful to visit the past for a brief time and examine what’s occurred, so let's do that.

When 31 Steps to Your Millions in Antiques & Collectibles was released, others were stating that the Antique, Collectible, and Fine Art Markets were doomed. I completely disagreed with the barrage of negative articles that came out about this topic, so we decided to go on a crusade to show that these markets, were in fact, healthier than ever. So we wrote about it and sent our articles all over. A look at the market today shows that there are record prices realized in almost every category of the industry, and while I don’t get to read everything around, I haven’t seen negative articles about our industry in a long time. But where is the market headed now? Remember the trend is your friend so let’s check out a few markets.

The American Art Market is still on fire. Paintings that were bringing in only a thousand dollars or two dollars may produce figures today that I'm startled by. I’ll start with some of the markets that I am most familiar with.

Paintings by Kentucky artists have reached heights that most who collect them never thought possible. Harvey Joiner’s paintings, just a few years ago, could be purchased for $400 to $500 dollars. The market trended upward, and the prices escalated to the $800 range. But, over the last 24 months, his paintings may now demand $10,000 to $15,000 and even the smallest 5 to 8 inch paintings can fetch $4,500 at auction.

I have probably sold 30 of Joiner’s paintings over the last 5 years, and I’ll say I wish that I had them back at the prices I sold them for, but that isn't the way we work in the 31 Club program, is it. We take our profits and move on with our money, and keep it turning. That's the only way the compounding effect we are looking for will ever be achieved.

Regional Art

The same that we said about prices on Harvey Joiner can also be said about artists such as Carl Brenner and Patty Thum. Collectors are standing in line to purchase works by these artists that are not even their best. The trend in Regional Art is going straight up, so you might want to look into your local market and see if it's following the trend. If it is, don’t you think it might be worth your while to find some of it?

Art Glass

My friend, Warner, introduced me to Lotton Glass less than five years ago. At that time, we were able to purchase examples of Charles Lotton’s best work for under $500 for small and medium pieces, but what about today?

I pulled out some old auction catalogs from back then to see if there was perhaps a single piece of Lotton represented in the sales. I don’t think I found more than two pieces in any one sale. And there weren’t buyers lined up for these pieces. Flash forward to today and you find that both Early’s Auction and Cincinnati Art Gallery just completed sales with about 40 pieces of Lotton represented in each sale.

Usually when this many pieces of anything are sold at one auction, the prices are reduced, but not in this case. Most of the Lotton offerings brought close to retail. So, where’s the trend here? We can still look to make a wonderful profit on this glass if we can buy it right. Most good pieces of Lotton Glass are bringing in over $1,500 and as much as $7,000 or $8,000. I believe this same trend is being followed by most good Art Glass today.

Know What The Trend is and Follow It.

Know what’s in demand today and look to buy these items as you ascend the 31 Steps of our plan. Follow the trend and buy, buy, buy – according to the plan developed in 31 Steps to Your Millions in Antique & Collectibles. When you do, you’ll find you’ll complete these steps in this upward market faster than you could ever have imagined. See you in the winner’s circle.

Join Daryle Lambert's 31 Club, today. Put a Turbo Charge on your Antique & Collectible Treasure Hunting Skills. Get FREE MENTORING. Learn Inside the Industry Secrets that help you increase your profits. Continue to Grow Your Money Buying and Selling Antiques, Fine Art, and Collectibles with Daryle's Strategic Business Plan. Our Members are Newbies to Seasoned Dealers who are making more money than they thought possible.

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