Producing original artwork takes time and involves funds! And the artist takes all the risks. He bets on his talent to cover his financial and social investments. Moreover, he is seldom backed up by his entourage!
We know that the risks are taken by only the artist! So the artist looks to be rewarded for his bravery! Unfortunately, his bravery is largely ignored by the buyer, who, with reason, doesn’t want to judge an artwork on “the solitude of the artist” but rather on the international Art Market prices. That situation creates a huge misunderstanding.
The COVID-19 pandemic created the biggest recession in the art market since the 2009 global financial crisis. Unlike that period, virtually all of the mid-sized and larger art markets, including China, experienced a drop in sales values in 2020.
Global sales of art and antiques reached an estimated $50 billion, down 22% compared to 2019.
This was the art market’s second year of declining sales, bringing values down by 25%.
For further information consult the Global Art Market Report – PDF – down bellow!
Here the international standard canvas sizes: “F” for “Figure”, “P” for “Paysage” and “M” for “Marine”1 point is equal to: “F” (18×14), “P” (18×12), or “M” (18×10) cm.
Example: a “20 F” (or 20 Figure) 72×60 cm, is equal to “20 points”. The value of the “Point” is interconnected with the “selling history” the “fame” of the artist and, if so, the gallery network.
Understand that: the points value of a famous artist will be higher than the points of an unknown artist.
Makes sense?… If not, download the PDF bellow…
Based on my selling history and my fame, my points worthed in 2019 US$ 150. But, as written previously, and following the International Art Market prices, a drop of 30% is applicable after the COVID pandemic.
The size of this painting “Bodburon Fish” painted during the first months of 2020, is 50×75 cm. The international measurement in this example is equal to “ 20 points”.
The price of “Bodburon Fish” is:
Points value of Ricardo Casal = US$ 150 minus 30% = 120.000 PHP
The Oil painting class include the basic colors, oil and solvent.
During the classes the student will acquire the basic knowledge of oil painting.
Morning Class start at 8:30 am to 11:30 am. = 3 hours practice.
Afternoon Class start at 1:30 pm to 5:00 pm = 3:30 hours practice.
500 pesos by student.
The set of brushes, canvas on board, your own palette, your small material… (ask me for that)
Keep in mind…
To be running efficiently, the class needs a minimum/maximum of 5 Students.
Feel free to get in contact…