Three benefits of selling limited editions
Are you in a sales crisis? Don’t worry, it’s all part of the process. Good news: There are a few things you can do to counteract this, including offering limited edition prints of your work. Let’s explain why.
Saatchi Art offers an unparalleled selection of limited edition prints from emerging and established artists. Providing your artwork as a limited edition has numerous advantages, e.g. B. It arouses interest in your artwork and creates a sense of urgency for the purchase. Read on to learn more about the specific benefits of selling limited editions on Saatchi Art.
1. Generate interest in your original artwork
Creating a limited edition is a smart way to generate interest in your artwork. A buyer might fall in love with your original painting, but the price is just outside their budget. Offering the option of a limited edition print of the painting may result in a sale. In many cases, buying the limited edition print increases the buyer’s interest in purchasing an original.
Saatchi Art’s best-selling painters, such as Andrew Salgado and Patricia Derks, have created limited edition prints of their artworks. One-to-watch artist Jonas Fisch released his first limited edition print exclusively with Saatchi Art.
2. Attract new buyers
A limited edition print is a good choice for first-time buyers, as overall prices are generally lower than a painting or sculpture. In addition, many artists create limited edition prints, such as photographers Elle Hanley, will do this in multiple sizes. Limited editions, which are printed in large runs, typically come in short runs and are more expensive. A small-format work will usually have a larger print run and be cheaper.
The artist is responsible for many of his photographs Dean WesIt provides three different sizes of the same photo. With increasing size and smaller edition, the price increases. Because of the different sizes, potential buyers have a higher chance of finding the perfect work they like at a reasonable price.
3. Creates a sense of urgency
As the name suggests, only a limited number of prints can be made available for purchase. This creates a sense of urgency and lure that doesn’t come with prints in open editions. The exclusive nature of a limited edition print effectively increases its value and therefore its price.
With numbered limited editions, buyers can see how quickly the editions are selling. If they are slow to make the decision to buy a limited edition because the supply is almost at the end, for example if the edition currently for sale is the limited edition 8 of 10, they will feel more urgency than available when most of the circulation stands still.
Since scarcity increases value, it is common for limited editions to increase in value with each edition sold. The best selling photographer Miss Angel As a rule, the first edition of an edition is discounted and the price for later editions is increased.
Are you interested in making your works available as a limited edition? learn how to Here.