Q: How do you feel about donating your work to auctions?
A: Generally, it depends on who is doing the asking. If it’s an organization that has been supportive of my work, I am pleased to help with fundraising. If the organization and I have never connnected before, their out-of-the-blue request sometimes feels disrespectful. Artists invest decades, vast amounts of money, and plenty of blood, sweat, and tears to become the skilled creators that we are. And a New York artist’s overhead is considerable. I know of no artists who create their hard-fought work only to give it away.
Under certain conditions, however, I will participate. Here is my response to a recent donation request.
Thank you for contacting me. Certainly your organization sounds worthwhile.
However, you may be unaware that artists may deduct ONLY the cost of materials when we give our work to auctions. I suggest that you ask one of your supporters to buy a pastel painting and donate it next year (there is a one-year waiting period for collectors to take this tax deduction). Then we have a win-win-win! I get paid, the collector/donor gets to enjoy owning my beautiful work for a year AND take a tax deduction for the full amount that he/she paid for it. Plus, your organization gets to sell my painting at next year’s auction.
Don’t you agree this is a better approach for everyone involved?
Comments are welcome!
Posted on August 18, 2018, in An Artist's Life, Art in general, Art Works in Progress, Studio and tagged artists, asking, auctions, blood sweat and tears, collector, conditions, creators, deduct, disrespectful, donating, fundraising, hard-fought, invest, materials, New York, organization, out of the blue, overhead, participate, pastel painting, skilled, supporters, supportive, tax deduction. Bookmark the permalink. 2 Comments.