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Who Will Take Over Your Business When You Are Gone?

Posted by: Pat Saunders-white Pet Portraits And Fine A on 11/06/2009 - 7:15 PM

 

 

 

 

 

Not to be morbid, but the subject came up when I was talking with one of my printers who does giclee work for me. I NEVER GAVE IT A THOUGHT! If my husband is still around he probably would continue but what if he isn't? What thoughts do you have on this subject? Do you send out an email to your family members and see who would like to continue stimulating some extra income from the images you have created? Hopefully after you're gone and no more originals will be made the prints will rise in value. Am I optimistic or what!? ha ha

 

Oldest Reply

Posted by: Charles Peck on 11/06/2009 - 7:19 PM

I am sure another lone agent of some culture will take up where I left off because I see folks doing it now but as to taking up "my business" I would hope no one gets burdened with such a thing...............without full knowledge of its insufficency..

 

Posted by: Anne Norskog on 11/06/2009 - 7:41 PM

I, too, have wondered about my portfolio of work if I kick the bucket…

My husband would never have anything to do with it…he has always considered it a complete waste of time and money. There has been zero support from him on this issue. In fact, he has nothing but contempt for my art work. When I worked full time in an office as a transcriptionist, the only thing he cared about then was the paycheck I brought home. With art (as we all know) there are no guarantees about anything.

My middle son might: maybe not.

The Twins might: maybe not.

My oldest son would snort and laugh: “No way!”

My sisters live out of state. My brother lives out of state and frankly, they do not care, either.

The cold hard facts are these: Only if any one of these people knew for 100%, sure, certain, a cinch bet—they could turn a buck on my work, then maybe…but what the hell…it would actually take some work to have things printed, matted, framed, displayed…nope. File 13 for the whole lot.

The rest of the world? Humbug, as we all know digital art is not “real art” in any event. Just ask the critics.

 

Posted by: MARLENE BURNS on 11/06/2009 - 7:51 PM

my honey and kids would stay in touch with my reps...and keep providing them with unsold available work.
i guess i'll have to leave it in my will to join POD for eternity with brian to keep my kids with a few extra dollars!

 

Posted by: Richard Rizzo on 11/06/2009 - 7:57 PM

That's actually something I been thinking about for awhile but yet have an conclusions for at this point.

 

Posted by: Dindin Coscolluela on 11/06/2009 - 8:07 PM

Hi Pat,

I like your paintings, by the way. Very colorful and they radiate with positive energy, it makes the viewer like me smile and feel happy.

The thought that someday I'll die did come across my mind at one point. My eldest 9nine year daughter (she's very mature and intelligent for her age) knows all about my wills, safety deposit box, bank account #s and the storage cabinet were I keep some of my artworks. She also knows that I joined FAA and actually she was the one who asked me what will happen to my works here if someday I die. So I've included that in my will and my passwords for all my net accounts kept in my safety deposit box of which she also knows. My husband and I did brief her that being the eldest, it is her responsibility to take care of her two younger siblings and that she should take charge in the event something happened to me and my husband. I believe that kids should enjoy their childhood but they should also be taught and be made aware of the realities of life early on.

We never know when our end in the earth will be so, I guess, I've prepared for that. Thanks for bringing it up. ;o) - Dindin

 

Posted by: Roger Swezey on 11/06/2009 - 8:15 PM

I'm also concerned about when I'm gone (not dead just gone). My family thinks I "left" 40 years ago when I gave up architecture to pursue this life.
By the way, I'm safely back home after wandering this country for the last 4 months.
Hi! Marlene and Charles See you two are still at it
And Hi! to Pat and Ann. I hope you won't want me to just "go" when I put more than my two cents in some of the upcoming threads

 

Posted by: MARLENE BURNS on 11/06/2009 - 8:21 PM

hey, roger...welcome back!! charles and i kissed and made out....er...up, long ago!!
been missing you, guy!

 

Posted by: Carol Allen Anfinsen on 11/06/2009 - 8:39 PM

Anne, my first husband had that attitude. I worked hard trying to improve my talents writing and painting. It wasn't until I started to earn some money that he looked at it somewhat differently. Still, he considered it a waste of time.

I was contacted by a woman on FFA. Her mother, the artist, had a stroke, and they are trying to sell her paintings. I had commented on her beautiful painting, and she e-mailed me back. If my art only means money in someone else's pocket and nothing more, I will be very sad.

 

Posted by: Rolf Bertram on 11/06/2009 - 8:44 PM

Register copyright, upload to FAA, and make sure your Last Will or Estate Plan contains instructions on how to pay the $30 annual fee, and how to collect royalties via PayPal from any place on this planet where your heirs might move to. I'm sure kids and grandkids will not say NO to a few dollars coming in every year from a zero-maintenance fully automatic sales platform like FAA. Tell me, who would say no to that! Tell me!!!

 

Posted by: Dindin Coscolluela on 11/06/2009 - 8:49 PM

Yeah, Rolf, good point. ;o) I'll note that, in the event someone does buy my work here @ FAA and I'm gone.

 

Posted by: Harold Shull on 11/06/2009 - 9:40 PM

Who said I'm going anywhere???

 

Posted by: Beth Edwards on 11/06/2009 - 9:54 PM

I won't give a monkeys, I will be dead.

 

Posted by: Carmen Hathaway on 11/06/2009 - 10:17 PM

:) @ Beth -- you beat me to it. An executor & several charities will benefit. After that -- who gives a flyin' :)

 

Posted by: Anne Norskog on 11/06/2009 - 10:55 PM

During dinner this evening, I asked my husband point-blank what would happen to my art. His answer, "What would you care--you would be dead." That puts the nail in that coffiin--in my house, in any event.

 

Posted by: Stephane Trahan on 11/06/2009 - 11:01 PM

Hope my son & wife can benefit...as for taking OVER...thats the kind of task I whish on nobody....lol.......but my son will take his own path and may or not choose to take some of my work over...that'll be his decision....;-))

 

Posted by: Dindin Coscolluela on 11/06/2009 - 11:34 PM

Anne,

I guess it will be good to bequeath your artworks and possible income from sales to a favorite charity or foundation besides your family. That way you can feel peace and happiness that somebody out there does appreciate your artworks and while living souls who needs help can benefit from the sales at the same time.

Once we are dead, nada (nothing), but life goes on around us.

Who knows? We will never know cause we're dead .... but our works will someday outlive us. I just wish that I would be leaving this world with artworks that convey Love, Peace, and Happiness to Humankind. Cheers! ;))

 

Posted by: Anne Norskog on 11/06/2009 - 11:55 PM

You are right Dindin...it would be far better to donate my work rather than allow it to be thrown away. Have a nice evening.

 

Posted by: Mario Donk on 11/07/2009 - 12:17 AM

No one can take over the business when your gone. You are the business, if you stop producing or die thats the end of the business.
My kids will inherit what art works are left and at the staggering rate I am selling them that's almost 100% not counting commissions.

I hope and believe they will treasure and value the works but highly doubt there is money to be made from any of it unless for some strange reason everybody suddenly wants a Donk when I am not around anymore, Not likely. In most cases you need a lot of fame before you die, if you don't have it while alive you'll not have it after your dead (with a very few rare exceptions). I am in two minds. I feel if they won't buy it while I am alive then I should give instructions to have it all burned when I die because I am not in favor of collectors profiting at my expense. Don't know that I will.

But here is a tip, don't risk it, buy my stuff while you can because you will miss out if you wait too long.

 

Posted by: Charles Peck on 11/07/2009 - 12:31 AM

I like that Mario, I have had a couple bonfires but only because it seemed the most out there thing I could think of at the time...but to state clearly that every thing I own shall be burnt upon my death and the trade of vultures who pick from the bones of the dead can kiss my sweet dead ass - this is a very green attitude. Leaves less junk around to interfer with forward movement of other folks because anything not sold before I die becomes junk by definition. And history as well as individuals can enjoy my largess in the same manner I enjoyed their's...it has a sweet beauty and balance to it. I really like concepts that reflect the Universe and its harmonic balance.

 

Posted by: Mario Donk on 11/07/2009 - 6:28 AM

Thank you Charles
I heartily enjoyed your response. I admire your way with words. You eloquently summed up my feeling exactly. We may be able to make this work for us. Something along the lines of ... this offer of sale will only be presented for a one limited time, once withdrawn, that's it.

 

Posted by: Gene Gregory on 11/07/2009 - 6:58 PM

This has not been widely known until now, but who ever buys one of my paintings now will be extremely wealthy when I am dead. They will be lucky in life and in love, prosper greatly, and be able to sell my paintings for a million dollars. So, for those who want to invest, order now cause I am not feeling well.

would I lie?

My Doctor said I have 6 mo's to live, unless I havn't sold all my paintings by then.....in that case he will give me 24 months, with a possible extention if needed. But don't wait til the last minute.

 

Posted by: Beth Edwards on 11/07/2009 - 7:35 PM

of course you wouldn't!

 

Posted by: Darrell Storts on 11/07/2009 - 7:53 PM

Gene, Let me know if that works for you.

 

Posted by: Dindin Coscolluela on 11/07/2009 - 8:20 PM

ROFL ........ me, too! ;o)

 

Posted by: Robert Matson on 11/07/2009 - 8:22 PM

Uncle Sam will, of course....sheesh.

 

Posted by: Diane Daigle on 11/07/2009 - 8:43 PM

I know,,,, Mario and Charles,,, just send me all your stuff and, by cracky, I will promise you I will burn it all up when you die,,,, honest,,,, really,,,, you can trust me.... :>) for real man......

Anne,,, they all need a thump in the head! :>I

 

Posted by: Beth Edwards on 11/07/2009 - 9:09 PM

Love you when you are violent Diane ;)

 

Posted by: MARLENE BURNS on 11/07/2009 - 10:29 PM

actually, mario, it is very possible. my favorite southwestern artist, veloy vigil died about 12 years ago. his entire family, a wife and two sons are involved in keeping his business alive. they sell his unsold work and one son is a printmaker and has made fine art prints of all of his work...they have continued the business of selling his art for over a decade.....his studio in taos has been converted to a museum.

 

Posted by: Mario Donk on 11/07/2009 - 10:30 PM

Good thing Beth and Diane are there to keep us in line or we may totally lose it. :)

 

Posted by: Mario Donk on 11/07/2009 - 10:35 PM

Hi Marlene
That's interesting, I guess it would work for some. My negative view of it is if I am not selling a lot now then after I am gone it is not likely. Not only that, I have 100% interest in my art and if it sells poorly thats too bad but I still do it. I can't imagine others keeping the effort up after I am gone as they will have little to show for their efforts.

Mind you I am not dead yet and still working hard at making it (whatever that means) so who knows it could pay off.

 

Posted by: Heather Hennick on 11/08/2009 - 12:41 AM

I guess I should start giving stuff away.

 

Posted by: Charles Peck on 11/08/2009 - 5:04 AM

just checked back in here and find Diane has shown interest in collecting my and Mario's work. Well darling, there is the small matter of a purchase price but we can forgo that if you will just cover the matter of "shipping and handling" charges incurred...I earnestly await your response.

 

Posted by: MARLENE BURNS on 11/08/2009 - 9:45 AM

mario, i see...you were only commenting from your point of view, measured by your own success or lack of sales.
i was clearly coming from successful artists when i used veloy as an example.
if one's work sells while they are alive, i think it is safe to assume that it has the abilitiy to continue to sell after one's death.

 

Posted by: Heather Hennick on 11/08/2009 - 10:29 AM

If we really want the art to sell...let's face it..IT IS POSSIBLE. It's marketing, promo and presentation.
A dedicated FULL time job.

 

Posted by: Charles Peck on 11/08/2009 - 10:38 AM

yeah, but I already have one making the stuff...................

 

Posted by: Robert Matson on 11/08/2009 - 10:45 AM

It seems to me that there is an opportunity here for an avid art fan. The popular consensus seems to be that "no one will want to carry on after I am gone". I imagine an art loving entrepreneur could build an unique business / /organization by being the one that carries it on. Imagine a single, non profit, massive art gallery that has all the works of all of the people here that have moved on. I would imagine that such a place, with proper marketing, could generate loads of sales. Since no one in the family was interested in carrying on, such proceeds could be used to support the arts in schools, build Boys and Girls Clubs, teach art classes and so on. The appeal to the buyer is now a lot more than just buying art.

 

Posted by: Heather Hennick on 11/08/2009 - 10:58 AM

Robert: Its a great idea to put that in your will. I never actually thought of that. Why not give the kids more responsibility to deal with selling ALL my art work....after I'm gone. LOL.

 

Posted by: Viet Tran on 11/08/2009 - 11:02 AM

I haven't invested any thought in the fate of my arts as I cannot even take care of my loved ones after I am gone.

Pat, thanks for raising my awareness of the issues. I like Rob's excellent idea.

 

Posted by: Harold Shull on 11/08/2009 - 1:13 PM

The IRS.

 

Posted by: Charles Peck on 11/08/2009 - 1:39 PM

Rob you have hit on something of large moment here I feel ... don't let this idea slip by brother, it has wieght and merit.

 

Posted by: Robert Matson on 11/08/2009 - 2:00 PM

Thanks Charles - I agree, its a great idea - just not a fit for me. Believe it or not, I stay pretty busy with endeavors outside of this world. I think it is something that a motivated and resourceful art enthusiast that cares about the next generation should run with. Perhaps yourself buddy?

P.S - as Heather stated, it is just a matter of founding the organization and making wills.

 

Posted by: Charles Peck on 11/08/2009 - 2:04 PM

Oh Rob I have wandered way too far afield for far too long to be of any use creating the day to day corporate entity to pull this off.

 

Posted by: Robert Matson on 11/08/2009 - 2:09 PM

Exactly why you're a perfect candidate. We could use a few more anti-corporations. The standard model in business is to do anything for the sake of profit. Since you are known to reject this ideal, I think you would consider both the artist and those deserving to benefit from it rather than good ole greenbacks. I for one would say that if anything I have ever done could be used to help someone in need, then have at it with my blessings.

 

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