On Wednesday, I asked, āIf an idea is so easily interchangeable that anyone can do it, what is the value of the brand itself?ā In response, my friend and student Sandy Sibley sent me this article, in which fashion editor Katharine K. Zarrella calls out luxury fashion for its decline in quality and exclusivity.
She criticizes luxury brands for shifting focus from craftsmanship to profit, fueled by social media-driven consumerism, celebrity endorsements, and ābuy now, pay laterā schemes. These have made luxury items ubiquitous, less exclusive, and often shoddy.
Zarrella argues that luxury is in a death spiral, with some companies reducing prices, selling through outlets, or racking up losses. She encourages consumers to reject overpriced, low-quality goods in favor of more meaningful purchases.
This may be luxury fashionās loss, but it’s the artisanās gain.
Are paintings luxury goods?
āI’m not sure I would consider fine art as luxury goods,ā mused Bobbi Heath, ābut that’s probably because I value paintings way, way more than handbags and shoes and perfume.ā Well, me too, but that doesnāt mean fine art doesnāt meet the economic definition of a luxury good:
- Luxury goods see an increase in demand that is proportionally greater than the increase in income. As people’s incomes rise, the demand for luxury goods increases at a faster rate.
- Luxury goods are not necessities; they are purchased to enhance one’s standard of living, prestige, or personal satisfaction.
- Luxury goods are expensive compared to their non-luxury equivalents.
- Luxury goods are seen as a superior product or status symbol.
Oddly, while the best of fine crafts have always been considered luxury goods, fine art isnāt usually called by that name. Until the modern era, painting served practical purposes as well as aesthetic ones. But try thinking of your fine artwork as a luxury good, and see how that affects your marketing.
Pricing and selling art
My student has made a careful study of what the art market in his rural area will bear. He prices his work accordingly. Prestigious galleries take the opposite approach, choosing swank locations in which to sell extremely expensive paintings. (The current correction in the high-end art market may reflect the same problems that Zarrella pointed out in the fashion industry.) There are, of course, thousands of examples in between these two extremes. Nobody but you can determine exactly where you should fall.
Ralph Waldo Emerson is reputed to have said, āBuild a better mousetrap, and the world will beat a path to your door.ā Thatās never been true. Selling anything, but particularly paintings, is all about brand recognition. Get your name out there by participating in shows, using social media and advertising, and then worry about pricing.
In every situation, it makes sense to market your work in the slickest way you can, in clean, well-ordered spaces and with on-trend frames.
Luxury goods are not sold by discounting. Instead, focus on creating a compelling brand, providing exceptional customer service, emphasizing exclusivity and quality, targeting the right audience, and offering personalized experiences to cultivate a sense of prestige and value around your work.
Reserve your spot now for a workshop in 2025:
- Canyon Color for the Painter, Sedona, AZ, March 10-14, 2025
- Advanced Plein Air Painting, Rockport, ME, July 7-11, 2025.
- Sea and Sky at Acadia National Park, August 3-8, 2025.
- Find Your Authentic Voice in Plein Air, Berkshires, MA, August 11-15, 2025.
- Immersive In-Person Fall Workshop, Rockport, ME, October 6-10, 2025.