How important is a signature? What is the significance of limiting an edition to just 75-150 prints? How much is my edition worth now? These are some of the questions we are frequently asked. LUMAS specializes in signed and limited art editions, because only these editions can enter the art market and stand alongside artists' certified originals. Therefore, we believe that a signature and a strict limit on the print run are essential characteristics of an edition, the exception being, for example, our affordable, small-format open editions.
Once an edition is sold out, a limited original increases in value, as the demand for it can no longer be met. The work can now only be acquired through the private art market, e.g. auction houses. As the auction results below reveal, editions have the same astounding potential to appreciate as leading gallery works, especially when measured against the smaller cost of the initial "investment." Recent auction results showed increases in value of at least 150% (a $2.50 return for every $1 of the original purchase price). The average increase in value was 305% (a $4.05 return on the dollar), with the largest increase in value at 884%, the original purchase price appreciating nearly tenfold in just a short amount of time (a return of $9.84 on the dollar).
For this reason, LUMAS rewards those who decide to buy early with particularly favorable prices. The prices then increase as the levels of Bestseller, Last Prints, or Sold are attained, just as they do in the art market. Once these classifications are reached, it is increasingly likely an edition will soon sell out.
The first step, of course, is to decide on an edition that appeals to you personally. Is it an edition you would like to see on your wall? Will you appreciate and enjoy it every day? There is no guarantee it will increase in value, so this should not be the decisive criterion. However, if consistency and lasting value play a role in your decision to acquire art, it is nice to know that an increase in value is practically mathematically to be expected, and that there is an active market for these works. It's easy to see why art might be the only luxury that consistently increases in value.