Midland Park, NJ (PRWEB) December 23, 2005
A respected art dealer and investment advisor has issued a warning to collectors who hold Thomas Kinkade art prints as an investment.
"Don't expect Kinkades to ever appreciate in value," Fox cautions. "There are too many of them on the market. And they are not original oil paintings, although many people believe they are."
Les Fox, a New York Times bestselling author, is currently writing a new book titled "Anyone Can Own A Masterpiece" which will be published in 2006 or 2007. His theory is that the general public has been "brainwashed" into believing they can only afford art reproductions, when the truth is that great original art is still available for only a few thousand dollars.
"We specialize in early 20th Century American Impressionist paintings," Fox explains. "The average person doesn't even know there was such a thing as American Impressionism. They've only heard of Monet and Renoir, and other French Impressionists. In fact, the Americans were better. American Impressionism was tremendously popular from the 1890's to the 1930's before modern art took over. It's in every museum in America, including the Metropolitan Museum Of Art."
As to Thomas Kinkade prints, Fox clarifies that only a handful of collectors own Kinkade's originals, which are worth $25,000 to $100,000 apiece. An estimated ten million people own his lithographs and giclees, which are generally sold in the $100 to $5,000 price range.
"These reproductions are very colorful, as well as endearing," admits Fox. "They are also very decorative. But they are not good investments. Thomas Kinkade is the most successful commercial artist in the world. He is very popular. But those who sell his prints and giclees have convinced buyers that they own an original work of art. 99% of all Kinkades are copies. Even if you own an oil on canvas giclee which has been 'highlighted', or touched up with real paint, it's not a real painting. It's a reproduction. And the resale market is awful. Every day, thousands of Kinkades are offered for sale on eBay. Very few get any bids. And the dealers who sell them don't buy them back. You can't sell Kinkades at Sotheby's or any of the well known auction houses. In short, you're stuck with them for life, so you'd better like looking at them."
"Many Kinkade dealers represent his prints as a good investment. While a few may have actually appreciated in value, most limited editions of 500 to 5,000 pieces are only in demand at the time they are issued. After that, the sellers out-number the buyers by thousands to one."
Fox has developed a unique program for collectors who would like to dispose of their Kinkades without losing money. He calls it the "Trade Your Kinkade" art investment program.
"While art is not guaranteed to appreciate in value, the fact is that original art by listed artists of the 1920's and 1930's, as well as a many contemporary artists with the right credentials, have increased in value at the same rates as stocks, bonds and real estate. Provided that you buy genuine art, and at the right price. That's my area of expertise."
"For those who would like to own real art, by listed artists whose work is in museums and important private collections, we offer to take their Thomas Kinkades in trade at the full original purchase price. This is not a gimmick, and I still make a profit on the trade. But the collector winds up with something of real value, something worth owning, something that could be worth many times what they pay for it in 10 to 20 years. This will never happen with Thomas Kinkade reproductions. It's impossible."
"We always hear horror stories about overpriced art, and how the market could crash. That may be true for $20 million paintings, but it's definitely not true for $2,000 to $20,000 paintings. There is huge demand for masterpieces in that price range, and the market is growing every year. Even Costco is promoting and selling real art, along with Sotheby's, Christies and eBay. One of our favorite artists for investment is John W. Bentley, who painted in Woodstock, New York in the 1920's. His masterpieces sell for $10,000 to $30,000, and could easily be worth ten times that price in 10 to 20 years. We also like Pennsylvania Impressionist Fern Coppedge, one of America's finest and most original landscape painters. We also recommend original oil paintings by Grandma Moses, which generally sell for only $25,000 to $250,000."
Collectors who own Thomas Kinkades can contact Fox at no obligation to ask about how they can trade their reproductions for real art. More can be found on his art websites at: http://www.AmericanArtAdvisor.com and http://www.WestHighlandFineArt.com.
Les and Sue Fox have been art collectors and dealers for 30 years.