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Writer's pictureKadira

"The Ultimate Guide to Art Inventory Management: Boost Your Creative Business in 2024"

For artists, creating art is only half the battle. The other crucial half is effectively managing your art business – a task that can seem daunting but is essential for professional success. Whether you're a painter, sculptor, photographer, or mixed-media artist, a major task is creating a well-organized inventory system to help you track your work, manage sales, and present yourself as a professional in the art world.


Why Does Inventory Management Matter?

Many artists underestimate the importance of a comprehensive inventory system. It's not just about keeping track of your artwork; it's about creating a professional archive that can support your career in multiple ways. A robust inventory helps you:


- Monitor your artistic progress and body of work

- Track sales and potential income

- Provide accurate information to galleries, collectors, and potential buyers

- Simplify insurance and tax documentation

- Plan future exhibitions and portfolio developments

- Create labels and inventory lists for exhibitions


Artists stock room - well organized
Artist's well organized stock room

Where To Begin?

Digital Documentation


In today's digital age, a digital inventory is non-negotiable. When I began creating a digital inventory back in 2000 - there was very little available in the way of robust digital inventories. I started out with ArtSala and still use this system today as it has my early works documented in it. However I also now use Artwork Archive which is a more modern program and has better flexibility and options. Both of these programs offer access to a professional website.


Other platforms are:

- Custom spreadsheet solutions


 However as I haven't used these platforms I can't comment on their efficacy.

They also offer features like:

- Cloud storage

- Sales tracking

- Exhibition management

- Portfolio presentation


The first step is to start by creating a detailed digital record of each artwork.

To do this:


- Photograph each piece from multiple angles

- Capture high-resolution images that accurately represent colours and details - 300dpi at least and save in PSD, PNG or TIFF format.

- From the high res image I then create 3 more copies, while preserving the original. I save these as jpg images - small, medium and large file sizes. I then store all of these on my computer in a separate master file for each painting.


Key information in your spreadsheet or management system should include:

- Artwork title

- Date of creation

- Dimensions

- Materials used

- Medium

- Current location

- Sale status

- Price history

- Exhibition history

- Assign a unique identification number to each artwork. I use an alpha numeric system eg LS12 -where LS stands for for landscapes or AB20 with the AB standing for abstracts and so on.


While digital records are crucial, physical organization is equally important:

- Use archival-quality storage materials

- Keep artwork in a climate-controlled environment where possible

- Use protective covers for paintings and delicate pieces

- Store works flat or vertically, depending on the medium

- Keep a physical backup of your digital inventory


artist entering data into inventory data base

Your inventory should document the complete journey of each piece:

- Creation date

- Initial exhibition or showing

- Is it framed

- Sales

- Current owner

- Current location

- Any restoration or maintenance work


Inventory example from artwork Archive
Inventory example from artwork Archive

Treat your art inventory as a business asset:

- Keep detailed records of sales prices

- Track market trends for your work

- Maintain documentation for tax purposes

- Consider the potential appreciation of your artwork over time




Best Practices


1. **Update Regularly**: Set a monthly or quarterly schedule to update your inventory.

2. **Be Consistent**: Use the same documentation process for every artwork.

3. **Back Up Frequently**: Maintain multiple backups of your digital inventory.

4. **Include Detailed Descriptions**: Go beyond basic measurements – tell the story behind each piece.


Common Mistakes to Avoid

- Neglecting to photograph artwork immediately after completion

- Inconsistent record-keeping

- Failing to update inventory when pieces are sold or moved

- Not backing up digital records


The best way to photograph your work is outside on a dull day
The best way to photograph your work is outside on a dull day

Conclusion

An organized art inventory is more than administrative work – it's a strategic tool for your artistic career. By implementing a systematic approach to tracking your artwork, you create a professional foundation that can open doors to new opportunities, simplify business operations, and allow you to focus on what you do best: creating art.


If you are just starting out - begin keeping records right away - It will get you into a good habit and save you from possible problems in the future. I have lost track of pieces in the past, and also forgotten to photograph at a high enough res - and I'm following a system!! - Don't leave this aspect of your art career to chance - it's not worth it.


Remember, your inventory is a living document. It should grow and evolve alongside your artistic journey, serving as both a historical record and a forward-looking professional resource.


Happy record keeping :)

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