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How to place a value on abstract art limited edition prints

Latest Sale explores best practices in the art world including how to place a value on abstract art limited edition prints.

 

Examining abstract art print sizes and print editions

The abstract art limited edition print is normally a replica in size of the original piece of abstract artwork developed by the fine artist and details concerning the print edition may also be specified by number. Limited edition prints are unlike open editions- unlimited edition prints- that can be reproduced in infinite numbers. For example, limited edition prints are limited in number with the fine artist normally agreeing to a fixed quantity. If an artist agrees that a maximum of 100 limited edition prints will be produced, each print will be sold as an edition with the print run specified as print run edition 1/100, and print run edition 2/100 and so on.  This explains to the potential buyer that he/ she has purchased the first or second edition print run of 100.

As far as print run numbers are concerned, the rule is simple: the smaller the number the higher the value of the print. First impressions in the print run usually reach higher prices as they are considered to be the closest to the artist’s original concept.

The Ali Jabbar range of abstract art limited edition prints including the infamous painting ‘A Pity You Were Not There’ is reproduced in specific quantities as so directed by the artist.