Friday, February 24, 2012

RESALES OF DAVID LOREN BASS PAINTINGS

Recently I have been contacted by appraisers working on behalf of collectors of David Loren Bass art work. The appraisers need to know the current value of the art work for estate planning purposes of the client.

I have also been contacted by some collectors who want to de-access (dispose of) their David Loren Bass art work for a variety of reasons, e.g. downsizing to smaller living spaces or not having any heirs for the piece.

And, I have discovered two of my paintings, quite by accident. One was listed on eBay and another was in a consignment shop, both of which I purchased at considerably below market value and resold at current market values.

Clearly, there is a need for a service whereby collectors could contact me to resell the pieces for them.

Usually, when an artist sells his work, it is through a gallery or some other representative such as an art agent, a non-profit gallery. The art work is sent out into the world and the artist loses track of it. The art work may stay within a collection for many years. Or, it may be put out on the market for resale. This is called the secondary market. Its value is then determined by the selling agent, usually an auction house, before being put back on the market. Often collectors hope to recoup the initial investment and, if they are lucky, make a profit. Whenever, this occurs, the art work has a trail of value which will follow it as it appears and reappears on the art market.

This scenario may occur with a few of my art works. But, primarily, my paintings remain in private collections and do NOT have a value trail except for the one I have created in my archives over the years. I have increased the value of my work, whereby with each new year's output, the sales prices have gone up. This results in the previously sold paintings out in private collections accruing value. And, only I retain that information which is necessary for an appraiser, secondary market gallery, or auction house to determine a proper current market value on my art works.

I have created a new page on my website to offer this service just for collectors
who wish to resell their David Loren Bass art works. If you are a collector who wishes to use this service, please contact me for details at www.davidlorenbass.com or at 505-466-2557.

Saturday, February 18, 2012

2012 Is Turning Out to Be Busy


THE POST, south of Marathon,TX


It has been quite some time since I last posted and wanted to bring my followers and collectors up to date on what I have been up to.

First, I want to get the retina detachment out of the way. The detachment regimen being followed by my doctor here in Santa Fe is not working. He is giving me a shot in the eye every month of Avastin and the quality of sight out of the eye is not improving and may be getting worse. However, I cannot let that keep me from working and so I will continue on. I will hope that something can be done in the future.

Second, my travel and work schedule is really developing for the first part of the year. I was just down in west Texas staying a few days in Fort Davis and then a few days in Marathon. In Fort Davis I was able to complete an 18 x 24 inch oil painting I had started there last year. It is a site at the base of Sleeping Lion Mountain featuring rock formations and cacti which are strewn about among the grasses.

Moving over to Marathon for three days, I stayed in a "bunkhouse" which was more than adequate for my needs. I wanted to go over to Marathon to seek different landscapes such as the rolling grasslands, the caballos novaculite formations, and The Post, which is the city park of Marathon. It is actually an oasis south of town which features a spring which once watered the Comanche and Apache whose hunting and raiding trails traversed the area. In the 19th century a small army post was set up here to moniter the comings and goings of the Native Americans. It was closed after the railroads were established in the late 19th century. Today it is a lush, reed filled lake with cottonwoods edging it. The town of Marathon has plaqued it with historic markers and formalized it with picnic tables and rest rooms.
I also was introduced to Ike Roberts, a well respected rancher in the area and he agreed to locate some different sites for me on private ranches when I return in March to paint. I am looking forward to seeing what Ike comes up with.

One day I drove US Highway 385 south of Marathon toward Big Bend National Park, but veered off onto Texas FM Road 2627 for the drive down to Hallie Stillwell's Ranch, Store, and Hall of Fame and on to La Linda, the closed border crossing into Mexico.

This is enough for now. I can't seem to locate the downloaded photos in the position of the blog where I want them. I will return soon.