ArtCollectibles

Value of Thomas Kinkade Print

My parents, God rest their souls, thought it would be a good idea to invest their life savings into mall art! Yep, they went to a Florida mall and bought a couple of Thomas Kinkade paintings. Spent several thousand each! Yeah so sad how bad they were with money. They bought a home in 1993 in Florida for $140,000 and when they died, tragically fairly young, sold home 20 years later owing $192,000! So here they were two people thinking they can't pass on any cash to their kids, but by golly these Thomas Kinkade's in every mall across America will be worth something big one day (sarcasm)! Now it's 2018 and I have a piece of art on my wall that is mass produced and I can't stand it and I don't want it so what do you think it's worth? It's a 18 x 27 offset lithograph on canvas print 15/1250 with a antique gold frame (hideously gaudy) gallery framed of course. I have paperwork, yada yada yada. The picture is called, Main Street Trolley. I have done some research and see they are still producing it (hmm didn't know corpses could paint) and it sells for $995 plus shipping. I'm thinking I will try Craigslist for $700. What do you all think?

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June 11, 20180 found this helpful

So sorry for your loss.

You can try that price, but my feeling is it is much too high. It is all about supply and demand. If the demand in your area is high and supply low, then you may get more.

There are similar unsold on eBay in the $300 range which tells me the national supply is high and demand low so unsold and low prices abound.

To find an actual market value, I encourage people to only look at sold pieces as people can ask the world, but value is what people actually pay. Check eBay and Etsy for a few weeks and watch like pictures to see if they sell and for how much.

That said, there are other options besides ebay, Etsy, and Craig's list for unweildy and hard to ship items. If you have a local home decor consignment store, they may have better luck selling it and even though you split the profit, it may get it into the right audience.

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Good luck. Take care!

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June 12, 20180 found this helpful

That price is way too high. There are 1250 of these. Check eBay regularly for a couple of months and you will get a good idea of what they are selllng for.

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June 12, 20180 found this helpful

What about donating it as a tax write off? I was just doing some other research on Kinkade prints and I didn't see any of them going for over $500. If they are still being sold for almost $1000, you should be able to write that larger amount off.

Good luck!

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June 13, 20180 found this helpful

Many people have the mistaken idea that the Kinkade "paintings" being sold were painted by Thomas Kinkade himself and that is very far from the truth. The few original Thomas Kinkaid paintings are mostly in museums or in private collector's galleries and when sold do command a pretty high price (usually a few thousand). I feel sure some of his original paintings are still being held within his family.

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  • The original paintings may have been made into a matrix (I do not understand all of that process) and then original prints were made/signed and numbered by the artist.
  • The COA you have probably states that another artist (or artists) painstakingly worked on this print in the Thomas Kinkade tradition.
  • The matrix of the painting is supposed to be destroyed (my understanding) after the set number of prints were made but there may be some way to get around this and continue make more "copies" but I do not believe they can be called "Limited Edition" and be numbered. However, the limited number may have been produced before Kinkade died and the entire stock has never been sold so there would still be "new" paintings available.
  • There is a lot to this process and I do not claim to know very much about it - I just like to research questions like this.
  • I like Jess's idea of a tax write-off but there may be some limitations.
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  • From IRS site:
  • "To deduct your charitable contributions, you need to itemize your deductions. Just be sure to check that your standard deductions are less than the itemized deductions youre eligible to take.
  • If you choose to itemize, fill out Schedule A and follow the instructions to claim charitable contributions. If the total value of non-cash donations exceeds $500, you must fill out Form 8283 with specifics about what you donated to which organizations and how much the items were worth."
  • I do know that IRS can get real picky about donations so if you follow this route so be sure you do everything right just in case you have to prove the painting was really worth $1000.
  • IRS may not think that a used painting is worth the same value as a new (same) painting.
  • I usually try to keep my donations under $500 and then I just have to keep receipts and/or cancelled checks (and less forms to complete).
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  • As information; a $1000 donation could save you over $300 in taxes - according to what tax bracket you fall in and - you itemize your taxes that year.
  • Paintings are traditionally very slow sellers and a real pain to ship - even small paintings are difficult to pack for a safe trip.
  • An interesting tidbit: A friend recently was audited by IRS and when the subject of a large donation value came up, they informed her that they used an average of the amounts comparable items sold for on eBay during that year (when any information was available).
  • The only painting similar to yours (this one was not framed) that has been sold on eBay in the past several months sold for $171 w/free shipping which means this person made less than $150 dollars and still had to pay eBay and PayPal fees (probably close to $20-25).
  • Did they make any money? What did they pay for this painting? If it was more than $125 then this seller lost money. eBay is not always a good/profitable place to sell.
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Here are a couple of links for anyone interested in making donations to claim a tax credit.

www.benetworthy.com/.../

www.bnymellonwealth.com/.../how-to-make-tax-deductible,-charitable...

satruck.org/.../DonationValueGuide

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June 16, 20180 found this helpful

Thank you all so much for some great answers . I dont think Ill donate it. Ill probably end up keeping it and maybe change frame cuz the gold frame screams gaudy. Bottom line, my parents enjoyed his artwork in a way that I dont. Who knows maybe by the time I pass it off to my kids itll be worth something!!

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