Modern Art Madness!
For our first article in this section we will talk about the current state of the modern market today. More specifically the “first offering” direct from artist/art rep segment of the market of recently created/published art. Crazy is probably the best word to describe the current state of the modern art market, both the prices that are being achieved as well as the level of quality of the art. It is an exciting time to be a collector! Modern classics are being written and illustrated as I type. Demand is high and sellouts are frequent. Let’s talk about prices first.
Prices
Modern art prices are simply on fire. Dozens of artists are now routinely instantly selling out art at 1k plus for panel pages of books that have just been published. The list is getting longer and longer. Panel pages are the most common art, so I think looking at them first gives the best pulse of the market. Why do I think that $1k price tag is of interest? $1k may not be a lot in the hobby now a days, but there is still a lot of quality vintage art that can be had in that price range or less. It also is the number for many collectors that they “feel” when the spend. This isn’t just for A+ pages either. There are a few artists getting 4 figures for pretty much any page they produce. There are many who are getting 4 figures for anything good(B pages or better.) It was not THAT long ago when you could count on 1 maybe 2 hands the artists that could command 4 figures regularly for panel pages right after publication.
If you know panel pages are selling for four figures regularly you know splashes and covers are selling for even more. Many artists are approaching and some selling their cover art for 5 figures. $10k+ for brand new art! $5k+ splashes and DPS are becoming common. If we look at what artists are able to sell issues for in total, it is a good time to be an artist! There are complete issues being sold with reported purchase prices north of the $50k range! Madness! Now, there is still plenty of art available cheaper, but there are with a doubt many in the hobby whose jaws have dropped seeing these prices. This segment of the market is on fire!
Talent
I love modern art immensely. At no point in time in comics has there been more quality art and stories. The amount of skilled and amazingly talented artists working in comics these days is truly staggering. There are many in the hobby that disregard current books, needless to say they are missing out. In the future in this section we will be doing articles talking about specific artists so we can appreciate them individually. For now I am just going to post some images and let them do the talking!
Sean Gordon Murphy - Batman: White Knight
Greg Capullo - Batman Court Of Owls
Sean Gordon Murphy - Tokyo Ghost
Tradd Moore- Silver surfer black
Chris Samnee - Captain America
Jock - Detective Comics (The Black Mirror)
Daniel warren Johnson - Old man skywalker
Daniel Warren Johnson 9x12 Commission
Nick Derington - Mister Miracle Cover
Ryan Stegman - Absolute Carnage
Chris samnee 9x12 commission
Geoff Shaw - Thanos
gary frank doomsday clock
greg capullo - dark knights metal
Why is demand so high?
Well, we just talked about the quality which is a huge and obvious factor. But there are a few other factors. Another large reason in my opinion is the lack of quality vintage on the market. The money has to go somewhere and modern art is frequently available as the various art reps and artists sell their work.
Next, many are priced out of vintage in general, but more specifically the best of vintage. You can still get the very best modern art for “reasonable prices” $20k will buy you almost any new art. Top vintage easily goes into 6 figures often. I can see the merit to owning the “best” Greg Capullo Batman piece over the “worst” page from Bolland’s Killing Joke.
Finally is good old speculation. Everyone would love to find the next Dark Knight Returns or Walking Dead and make a huge profit. There is most likely art being created today that will most likely provide big returns in a few years, when the hobby realizes how significant a certain project is. This also creates fear in collectors of missing out and art, and are afraid they would have to pay much higher prices later if they decide they want an example. Speculation is a fuel to current modern prices, both for collectors AND artists. Collector don’t want to miss out and buy without regarding the price. Artists don’t want to leave future cash on the table and price above their current market value at prices they think their art may be worth in the future.
Future of Modern Art and Comics
Finally let’s talk about the future of the modern art with three questions.
Will a market remain for the material?
At the moment there is a growing segment of the hobby that are dedicating their collecting efforts to modern art. The MO is usually similar. Late 20’s to early 30’s fans who love the current material being produced. Much of the time they are focusing their collections solely on modern art and have little interest in the vast majority of vintage. Also commonly into Manga(which the majority of older collectors despise…..again missing out!) which makes them more appreciative of current mainstream American art as mangaka style has more and more of an influence. They have more of an appreciation of storytelling and quality versus any sort of nostalgia of hobby significance. I think this the answer is yes and this collecting community will probably grow stronger over time as long as we have quality material being produced, which leads to…..
Will material continue to be produced?
As more artists are moving to digital forms of art creation I do think there will be artists producing work in pen and ink, as long as there is a market for them to sell them to(That’s where us collectors come in.) I honestly don’t know if the practice of selling 1 of 1 artist proofs of digital works will ever take off in the hobby. It has a long road uphill at the very least. I think sequential art as a whole will be interesting to watch as the digital age makes graphic sequential obsolete to many. There are almost infinite sources of entertainment out there and that has an impact on those who get into comics. I hope graphic storytelling can survive and thrive as I firmly believe this unique form of storytelling is worthy of praise and passion, but there will eventually have to be major changes to the industry as a whole for graphic storytelling to stay on peoples radar(a topic for another time.)
What will prices do?
You will probably see a mixed bag here. Tomorrows classics are being created today, and something will become super popular and rise in price. On the flip side there will be very popular material now that will fall to the wayside and be worth far less in the future. Your best bet is to stay away from speculation and buy what you love at prices you can stomach. I understand. It sucks when you don’t buy art when it first becomes available, then a year or two later want a piece and the price has tripled. It also sucks when a page is just sitting there available to purchase by an artist from a book you love that is just way too expensive for you to even contemplate buying. I am tempted all the time myself. Be strong!
Do I think you should buy modern art(read: is it worth the “high” prices?) You probably know what I am going to say. Buy what you love. If you like it more than vintage material of similar price paying the high prices today is ok in my book. Also when you are buying directly from the artists you know your money is going directly into their pockets which is a huge way of showing support and will help them continue to create. If you are not into modern comics I don’t know why you made it this far, I hope you can give them a try. Their is great material being produced now. You are missing out.
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Happy collecting!