The Art Market Is a Strange Market

If you want to be in it for the long haul, be smart about prices. Don't be greedy. Go step by step. For most products, when demand rises sharply, the manufacturer will increase supply and or raise prices - but art is a strange market. You can't tell an artist who's suddenly grown hot to just paint ten times faster. A more common tactic is for galleries to select ther buyers very carefully. Some of the other pieces by the same artist are marked with a red dot, meaning it sold. This one has a green dot, that means it's reserved. And what does reserved mean? Ye, that's a crazy thing. The artist sacks again on reserve means