Should You Use Price-Per-Square Inch to Price Paintings?
Let's use Gary Lynn Roberts' work as an example when using price per square inch as a tool to analyze value for a painting. Here are 3 examples of recent auction records of Gary Lynn Roberts' work.
- "Painted For Battle" 36" x 48" Estimated: $20,000-$26,000 Sold: $28,750 Square Inch Price: $16.64
- "The Scouts" 40" x 50" Estimated: $25,000-$35,000 Sold: $40,250 Square Inch Price: $20.13
- "Men of the Northwest" 20" x 30" Estimated: $7,500-$8,500 Sold: $10,600 Square Inch Price: $17.67
As a buyer, we always want to do our due-diligence in researching the artists we like, the dealers we work with, and any details about the painting we're interested in. It's in our nature to research major purchases because no one wants to get ripped off. Price per square inch is just one tool that can be used in comparing painting prices to make sure we're getting a fair value, but it's very important that we take into consideration the quality of the painting, the overall size, the provenance, subject matter, medium, condition, and most of all, how much you love the painting. I've never heard someone talk about how much they regret buying a painting, but if I had a dollar for everytime someone told me about the painting that got away, I would be able to feed the 50,000 children living on the streets of Kinshasa, Congo. From my experience, if you come across a painting that moves you, buy it! I can't tell you how many people are haunted by that painting that they didn't buy.