Is Bob Dylan Art A Good Investment?
Bob Dylan art has been producing art alongside music all of his career - but it was only in 2008 when his first gallery exhibitions The Drawn Blank Series went on sale to the general public.
These prints sold out fairly quickly, with an average limited edition selling for between £1,500 and £5,000. The secondary market for Dylan art remains very scarce. Very few pieces appear on sites like eBay and very few early prints are available to buy through galleries.
But while having a signed Bob Dylan print is something to show off about, is having the singer's art a good investment? This article will give a better idea of what you can expect from buying a Dylan piece.... and whether the art increases in value.
Availability of Dylan's Drawn Blank series
Bob Dylan art is available direct from the publisher's website at www.bobdylanart.com . This is where each new series is sold as well as in galleries.
A quick look on here reveals that most of the pieces from the early years are now sold out. Certainly the most popular items from 2008 and 2009 are sold out. These pieces include Train Tracks, Woman In Red Lion Pub and Man On A Bridge.
Availability is always a good sign or value. If something is scarce, it is worth more. Is your print sold out on the official Dylan site? Can you find it for sale anywhere else online? If the same print is not available to buy anywhere, then your copy has some value. If somebody desperately wants that print, they will pay a higher price for it.
Which Dylan prints are worth the most?
By far the most popular of Dylan's prints is Train Tracks. In 2008, the four piece portfolio sold on release for £40,000. The Man On A Bridge and Woman In Red Lion Pub four piece portfolios sold for £20,000 each.
Size also matters...
Standard format is the smallest size, and worth less. Medium format and large format had a lower print run, are considerably more expenisve and have a higher value.
There are still pieces from 2010, 20111, 2012 and 2013 that are available to buy directly from the publisher. But are the ones that are left over really the ones that are in most demand from collectors? I would suggest not.
A quick Google search for the term 'Bob Dylan art for sale' shows a very similar story. There are pieces available from a few galleries, but is not a big choice. The best selection I found was at Chelmer Fine Art.
Some have fixed prices while others more rare pieces require a call to the gallery, which will then presumably put on a big premium but be open to offers and negotiation.
So in general, the availability of the most desirable pieces in the Drawn Blank series is very low. In normal terms that would make the pieces more valuable.,,, But as with everything Dylan does, it is not always the case.
Have Dylan prints increased in price?
This is the big question for fans and collectors that bought a Drawn Blank print - how much is it worth!
The cost of buying pieces direct from the official Dylan Art site has gone up.In that respect the value has increased. Take a look at this....
2013: The Horse print from the 2010 series was available for £1,500
2016: The same print is now £2,500
(I'm actually kicking myself that I didn't buy this one at the time as it's my favorite. Instead I bought a 2008 print of Man On A Bridge).
So although the value of new prints has increased, the big test is this - can a print be sold on the secondary market for more than the price paid?
The answer is NO. Pieces sold on eBay and art auction houses actually sell for less or the same as the original gallery costs. Neither pieces of art or the extras tend to fetch over the price of their initial cost. In other words, apart from galleries buying direct from the published and adding on their own premium, the value of Dylan art has not increased.
Take the piece pictured to above. It's called Cassandra, and is one of Dylan's most popular pieces. It was produced as part of a four piece portfolio in 2010. However, this blue and black version of the print was listed on eBay for £795 - less than the price new from a gallery - and it received no bids.
Or take a look at these sale prices...
The pieces above sold on eBay for very low. The Fisherman print from the 2009 Drawn Blank series sold for just £1533.15 as a Buy It Now. The 2009 series Sunflowers print sold for just £880 after an auction.
Upon release, these prints cost £1,250 + VAT. However, the Dylan team gradually increased the price as the supply became lower.
According to their website, the final price of them before they sold out was £4,500 for Fisherman and £5,000 for Sunflowers.... see below...
There is clearly a big gap between the gallery valuations of new Dylan prints and what they are worth on the secondary market.
As an investment, it is not a good idea to buy these if you are looking for a big price increase over the short term.
Will the value of Dylan prints increase?
It has only been a few years since most of the art was released. Dylan is still producing new work, and still active as both a musician and painter. Indeed, new pieces in the Drawn Blank series of being released all the time. This only serves to lower the value.
This cannot continue forever. Dylan is a shrewd operator. While he knows that with each yearly release of a new series, he can make a few million, he will be aware that this will not lead to the increase in value of his art.
We can therefor assume that soon the rate at which new pieces being released will decrease, if not stop all together. Add to this Dylan's age - now in his 70s - and we can see that he cannot maintain the longevity to carry on working forever.
Furthermore, the Dylan art team is making active attempts to increase the value by raising the initial sale prices from the £1,250 to £1,750.
At some point, the value of the pieces on the secondary market is likely to increase. Just not yet...and it could be 10 - 20 years until they do.
So why by a piece of art by Bob Dylan?
Bob Dylan does not give autographs. Even in the 1960s he was reluctant to give out signatures easily. Time has hardened him even more and after the 1980s he because acutely aware of his own commercial value. This included his sought-after autograph and signature.
As time has passed, it has become all but impossible to meet the man for anyone but those in his family and in his inner circle. Even long-standing friends have told how difficult it is to speak with him now.
If he seems remote, imagine just how hard it is to get an autograph. Virtually impossible. The only way to actually get his autograph signature is by purchasing a piece of his limited edition artwork prints, which are each hand signed by the artist himself.
There is some value just in having this signature.
Plus, there are other reasons to buy Bob Dylan are as an investment or to collect.
1. You're a fan who loves everything Dylan does and want to add a piece of his art to your collection of Dylan items
2. You want the prestige of having a Bob Dylan piece hanging in your house, bar, restaurant, gallery or shop
3. You actually like the pieces, regardless of any interest in Dylan as a musician
4. You believe that the value of the art will increase as an investment
If you've answered yes to all of the above, then it's probably a good idea to splash out on one of Dylan's limited edition prints in the Drawn Blank series.