What Happens to an Artist’s Work After They Die?

This is an interesting and often pivotal question, especially for those who have artwork by significant artists. Let’s explore the complexities involved in an artist’s work after their passing and ways to ensure it is well-cared for and appreciated by others.

The True Ownership of Art

Firstly, it is important to recognize that when it comes to the art we admire, we are merely its custodians, not the true owners. We can display and appreciate artworks for a limited time, but the true value and legacy of the piece will extend beyond our lifetimes. A carefully maintained work by a recognized artist can outlive several generations.

Assessing and Valuing Art

But is your beloved artwork truly valuable? Just because you paid a premium price does not necessarily mean it holds intrinsic value. To ascertain the worth of your collection, you need to conduct an honest evaluation and seek professional advice. Here are the steps:

Decide on the Backbone of Your Collection: Identify which pieces are irreplaceable and central to your collection. Secure an Art Appraisal: Contact a reputable gallery to recommend an independent appraiser affiliated with the American Art Dealers Association. Local museums may also have knowledgeable staff who can provide appraisals. Understand the Reality of Resale: Artwork’s value is only what a buyer is willing to pay for it. In most cases, the resale value may be significantly lower than its original price. Recent listings may fluctuate, as seen with an example of a listed work.

Transferring Ownership and Legacy

It is crucial to establish who will be the next custodian of your artwork after your passing. Here are some considerations:

Specific Trust Details: Ensure your trust explicitly states who gets the artwork upon your death. If the artist is still alive, work with the artist to place their art where it can be seen and enjoyed by many. Keep Significant Collections Intact: Consider the emotional and cultural significance of artwork before breaking up a collection for monetary reasons. Personal Reminiscences and Emotional Attachment: Some artworks carry strong emotional attachments, like the example detailed in the article. These pieces require extra care and thought.

A Personal Story of Stewardship

A valuable piece of art is not just a possession but a connection to the past. In my case, 11 works by a solo artist have a sentimental value that surpasses any monetary worth. The piece I mentioned, which I have known since 1980, was an emotional touchstone that I sought to preserve.

When I reached out to the artist as he was nearing 80, he emotionally connected me with the piece I had cherished for decades. This story underscores the importance of trust, stewardship, and the lasting impact of art on our lives.

Conclusion

Art is more than just a commodity; it is a legacy that can span generations. Proper stewardship is key to ensuring that an artist’s work is cherished and appreciated by future generations. By understanding the true value and taking steps to preserve and transfer the artwork, we honor the artist and their creative contributions.