Taking Stock: Value of Kinkade's art to stay in beholder's eye
Dear Mr. Berko: In 1993, my husband and I purchased two Thomas Kinkade scenic paintings for $28,000. We think they are beautiful and still marvel at the colors and scenes. We are cleaning house, getting rid of lots kitsch and clutter that we accumulated during our past 50 years of marriage and travel and were surprised to learn that the buyer placed such a low value on our Kinkades. While we do not wish to sell them, we were astonished to discover that a Kinkade is virtually worthless and we were offered $1,600. We have 7 other pieces of art that have appreciated significantly in value and can't imagine why a Kinkade would be almost worthless. And by the way, the only piece of art we are selling is a Picasso we inherited in 1986, only because it is so hideously ugly. In fact, we hide it in a guest bathroom. Can you tell us why Thomas Kinkade has lost its value? He recently passed away, and it seems that his work should be worth more.
HG in Rochester, Minn.
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