Originals and Reproductions
The value of a work of art depends on many things — among other factors, the fame and reputation of the artist, the size of the piece, whether it carries the artist's signature, whether it is an original, a limited-edition reproduction, or simply a decorative print.
Several years ago a financial magazine ranked the investments that had gained the most in value over the previous fifteen to thirty years, and found that original works of contemporary art were among the top three. All else equal, the more rare and "the closer to the artist's hand," the more valuable the work of art — an original work is more valuable than a signed, limited-edition print, a signed print from a smaller edition is more valuable than one from a larger edition, and so on.
In our gallery, we offer original works and print editions in various media, as limited editions and as decorative prints. For those unfamiliar with the many ways art can be offered, the terminology can be confusing, so we wrote the following brief guide:
- The original work, the master piece. Whether it is an oil, an acrylic, a watercolor, a charcoal, or an etching, it is the original, unique, directly created by the artist.
- A modern printmaking process in which individual prints are produced on a special large-format printer in extremely high resolution, to give as exact as possible a reproduction of the precise colors and strokes of the original work. The giclée process offers the highest-quality reproduction available. Giclées may be printed on paper or on canvas. They are rarely produced in editions larger than a few hundred — each one printed individually.
- A print made by the process of lithography, which was created in Europe over 200 years ago. A "mirror image" of the print is carefully created on a smooth limestone surface, which is then directly inked and transferred to high-quality paper under light pressure. For a color lithograph, this process is repeated for each of the four colors (red, yellow, blue, and black) that are overlaid to produce the varied spectrum of the final print.
- A silk-screen printing process in which a stencil is used to mask areas of a fine mesh (at one time, silk; more recently, artificial fabrics); ink is then forced through the unmasked areas of mesh onto paper to make the final image. Each color used in the final image requires the silk-screener to make a separate screen, masked so as to allow only that particular color to print.
- Poster print
- A poster created by an offset printing process (similar to book or magazine printing) on paper; sometimes called an offset lithograph. The quality of the print and of the paper vary; fine-art limited-edition prints on high-quality paper have been created using this process, and so have inexpensive decorative prints made in large quantities on lower-quality paper.
- Signed, limited edition
- A small number of identical prints produced under the artist's supervision; each print is numbered and hand-signed by the artist.
- A print that the artist has individually enhanced by hand, adding detail and depth, and creating individual variation, making each print unique.
- An artist's proof, an image made for the artist by the printer. APs are usually produced in smaller numbers than the general edition, are marked as APs, and may be signed and numbered as well. Because the number of APs is smaller and because the APs are "closer to the artist's hand," signed APs tend to be more valuable than the prints of a signed and numbered limited edition.
- An épreuve d'artist or artist's proof.
- An hors de commerce ("not for trade") proof, created in small numbers — as few as five or ten — to be shown to gallery owners or art dealers.
- A printer's proof, created in small numbers and given to the printer by the artist in appreciation. These are typically signed by the artist.
- Cancellation proof. When a limited edition of a lithograph or other press-process print has been completed, the stone or plate from which the prints have been made is defaced ("cancelled") so that no more prints can be made. A single print, the cancellation proof, is then made to show graphically that the edition of prints has indeed been limited in the most definitive way, by destroying the "negative" from which the prints were made.
Limited Edition — An Example
As an example, a limited giclée edition might run along these lines:
- An original work created by the artist. This would not be part of the limited edition per se but might be available for purchase separately. Let's suppose that the value of the unique original work, directly from the artist's hand, is $18,000 in this case.
- An edition of 100 giclées created from a high-quality digital image of the original, each one numbered, hand-signed, and enhanced by the artist, who has added detail, depth, and color by painting directly onto the print, making it an individual expression of the artist's hand and eye. Let's suppose for the sake of example that these signed and numbered enhanced prints will command a price of $1,750 each. These are numbered 1/100, 2/100, and so on. (Sometimes the numbering is done in Roman numerals: I/C, II/C, etc.)
- APs — artist's proofs — 10 giclées, each signed and numbered (as AP 1/10, AP 2/10, etc.). Because there are only 10, each of these might be valued at $2,000.
- PPs — printer's proofs, each signed by the artist (again, only a very small number of these are typically made; in this example, let's imagine that five PPs have been printed). These would be numbered as PP 1/5, PP 2/5, and so on. Because of its rarity, each might be worth $2,500.
So in this example we have a limited edition of 115 giclée prints — 100 numbered, signed, and enhanced, 10 artist's proofs, and five printer's proofs. (Of course the prices shown here are purely hypothetical, to illustrate the differences in rarity and pricing in a limited edition.)
The artist and printer might agree to also produce a number of decorative giclée prints. Like the prints of the limited edition, these prints would be as exact a reproduction of the original art as is possible. However, unlike the limited edition prints, these would simply be high-quality reproductions and would not be hand signed or enhanced. A decorative giclée might cost anywhere from $300 to $500. It would be purchased by someone who might not want to risk hanging a valuable enhanced or limited-edition print in a shared space, or who simply liked the "look" of the artwork but chose not to purchase a more valuable print.
Besides adding beauty to the environment in which they are displayed, the original work and the hand-signed prints might appreciate in value over time, depending on the fame of the artist and the rarity of the prints.
We always do our best to answer your questions, so if you don't find what you're looking for here, please contact us directly. We'll be glad to help you!