Digital BW, The Print

I don't think this makes sense from the position of the buyer. If they
have the good taste to be an "early investor" in an image that becomes
popular they wind up getting punished as the value of their investment
is diluted by the appearance of additional prints on the market. If they
buy a stinker, the relative scarcity of the print doesn't help the value
because the image sucks and no one wants to buy it.

And how would you number them? Would the first print be 1/10 or 1/30?

That being said, I have at least once seen in an auction catalog "number
5 of an edition of 50 of which 30 were printed". I think that's because
the artist died though.

-Jason

-----Original Message-----
From: Mark Tucker [mailto:mark@...] 

You (anyone) could have a "first run" of say, ten prints. You'd run 
all of those ten prints at the same time. That would be the "first 
run of the edition". The CofA would note this, that the first run 
would contain ten prints, and if that sold out, you'd then authorize 
a second run of another ten prints. And so on and so forth until 
you reached the total limit on the Edition of say, thirty prints. At 
that time, the artist would "retire" the image, and would 
guarantee that no more prints would be made of it IN ANY SIZE, 
in any other form, in any other color.

In this approach, the buyer would be "hedging a bet" in a sense, 
that he would own one out of possibly only ten prints. Yet he 
would also be made fully aware at the time of purchase that 
there was a potential that the full edition of thirty would be run at 
some time, whether that was three years, or thirty years.