Since I have been a Broker in Real Estate and have done a lot of flipping of both residential and commercial real estate, I have no qualms about flipping art for a profit. But, this is not the only problem that is rearing it's head. Artists are saying that since they created this product, they should be a part of the profit made, be it a small 3% or larger. I disagree. How would this ever be determined as a future sale is made? Life of artist? Too many questions that don't have reasonable answers.
Two of my three paintings going to Art in the Garden: Short duration Show: Sept 4,5,6,7, 2014
Held at Botanic Gardens, Ft Worth, Texas During Gallery Night go and have refreshments.
Top painting is Tea Time. oil, 18 x 24
Bottom painting: Hidden Hare, oil, 28 x 22