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INVESTING
IN ART |
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Lucie
Bennett has established herself as one of Eyestorm’s most
celebrated and collected artists of the last decade, gaining her
a huge following of admirers. Her signature style - an agile line
delivered with confidence and economy - is executed through quality,
limited edition screenprints and meticulously-created high gloss
metallic original paintings. |
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She
first came into the limelight back in 2004 when her work featured
in the first British series of The Apprentice where the contestants
hosted a solo show of her paintings in London’s most established
gallery row, Cork Street. Since then her work has continuously drawn
worldwide interest from new potential art buyers and established collectors
alike. |
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Eyestorm
first began publishing prints with Lucie
Bennett in 2005, offering 12 female form-inspired works including
best-selling Red Felt Tip Girl, Green Felt Tip Girl, Pink Knickers
and Rose-Coloured Shoes, which were all published in editions of
95. These four editions are now sold out in their entirety and regularly
appear on the secondary market for around the £2000 mark (more
for artist's proofs), which is over six times the price they were
originally sold at. Other sold-out editions include her two Giclee
prints from 2008: Tangerine
Pants and Red
Satin Pants, which were originally launched at £350 each
and now trade for around £1800.
This
solid sales history is consistent with Bennett’s more recent
works, some of which are nearing the end of their editions on the
primary market. Last year Bennett created Fuchsia
Pants and Red
Silk Knickers, which are exclusively sold by Eyestorm. These
works have boasted some of the highest prices ever achieved for
her Giclee prints, and in the fastest selling time. Red Silk Knickers
raised £3000 in a charity auction for ‘Save The Children’
in March 2012 at Camden’s Roundhouse which was hosted by Helena
Bonham Carter and attended by Samantha Cameron. The piece was bought
at the auction by the Vice-chairman of Warner records and as a result
of its raised profile, the edition is now sold out. |
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'Red
Felt Tip Girl', 2005
Edition of 95
Screenprint on Somerset satin paper.
Only available in the secondary market. POA. |
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Aside
from the popularity of Bennett’s Giclee prints, which are
made from digitally-created imagery, there is an increasing demand
for original screenprints by the artist. Made from scratch by pulling
ink through screens in layers to dictate lines drawn by Bennett's
hand, screenprinting exhibits a high level of craftsmanship and
technique. The four editions published by Eyestorm in October 2013
are Bennett's most recent screenprints and the playfully titled
Ring-a-Zing-Zing
and Electric
Dreams feature bright hues of zinging orange and electric blue.
Each existing in editions of 95, these works are currently still
priced at under £1000 including VAT.
The
two more exclusive of the four, Damson
Fling and Racing
Green have been made in editions of just 15. Each of these low-edition
works boast high-gloss lines in complimenting jewel colours on a
background of subtly pearlescent inks, giving a glorious impression
of lustre and sheen and with such a low number of prints in each
edition, the collector has the opportunity to be able retain a piece
from the rarest and most coveted limited edition Bennett has created
to date. |
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'Racing
Green', 2013
Edition of 15
Screenprint with varnishes on Somerset 410 gsm paper.
£1,680 (incl vat)
$2,240 |
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These
factors of rarity, gloss line and shimmering colour which make up
Damson Fling and Racing Green set them firmly between Bennett’s
original gloss-paint on aluminium paintings and her other limited
editions. Such paintings are currently priced between £5000
and £8000, showing over a 500% price increase on her originals
in the last 10 years (they sold for £1000 in 2003). It is
wonderful therefore to present an intermediary print for the new
buyer or collector to invest in, as Bennett’s paintings are
not only in a higher price-bracket, but are harder to come by with
only a few created a year. |
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'Magenta',
2012
Gloss on aluminium.
£5,400 (incl vat)
$7,200 |
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A
great investment tip is to aim to secure a piece from a limited
edition as soon after its release as possible. It is common practice
with editioned work that there is an initial launch price or “pre-publication”
price on the first few prints sold before the edition is subject
to another two to three price increases before it sells out in its
entirety. This pricing system raises the value of every print in
the edition and sets the bar for secondary market trading to begin.
With
only half the edition of Damson
Fling and Racing
Green left, prices will be increasing again shortly so now is
the time to buy and simultaneously seize the opportunity to own
a print from a low edition that is in a considerably lower price
league to that of an original Bennett painting. Moreover, you will
have invested in an artist whose work sits in prestigious public
and private collections including the Groucho Club's permanent collection
which also holds work by Gavin Turk, Marc Quinn, Gary Hume, Damien
Hirst and Polly
Morgan. With a strong sales history and consistent appreciation
in the value of her artwork, Lucie Bennett comes to the fore as
one of those artists whose work is an exciting and attractive asset
to own. |
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'Ring-a-Zing-Zing',
2013
Edition of 75
Screenprint with varnishes on Somerset 410 gsm paper.
£600 (incl vat)
$800 |
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