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Thomas Kinkade's Business
recent death of Thomas Kinkade has drawn a great deal of media attention in the
past year, largely due to the cause for his demise but also for the uncertain
future of the Thomas Kinkade Gallery.
Kinkade was arguably the world's most financially successful commercial
artist, having sold hundreds of millions of dollars of artwork since 1985. But his business practices were not as
skilled as his artistic talents.
Forerunner in Commercial Mass Marketing
made such a lasting impression on the industry of commercial art that there is
even a Thomas Kinkade Wikipedia page devoted to his life. It begins by talking of his impressive
abilities in the mass marketing of wholesome, idyllic renderings of snow
covered cottages and even of Boston's Fenway Park. He was known at times to begin the portrait
himself, and then pass them off to a subordinate in the Thomas Kinkade Gallery
is unclear just how many of his paintings were actually created from start to
finish by the master commercial artist, but his works are selling at
increasingly higher values since his demise in 2012. Business had been falling off in previous
years, due to a variety of factors, but the well known name of Thomas Kinkade
is still worth millions in some circles.
Thomas Kinkade Wikipedia page details his early years through to his death,
spending a great deal of time discussing his financial shortcomings and legal
issues. The Thomas Kinkade Gallery went
public in 1994, offering his reproductions through mail order and some retail
stores. Before long, his portraits were
appearing on everything from coffee mugs to tee shirts and jigsaw puzzles. Not a bad gig for a two year college dropout
began to franchise. He met with some
impressive success, too, acquiring over 350 dealers who used his name to sell
his reproductions. But his business
began to suffer in the economic crash of the later 2000's as average Americans
struggled to make mortgage payments and groceries bills. Luxury items like high-priced lithographs
were among the first to go.
Troubles and Legal Matters
is well documented, including in the Thomas Kinkade Wikipedia page, that his
business practices were highly questionable.
He was accused several times of defrauding his Thomas Kinkade Gallery
owners by failing to provide valuable information prior to bringing them on as
one unique case, two of these people were awarded $860,000 in damages. After interest and legal fees, that amount
was increased to $2.8 million. Kinkade eventually filed for Chapter 11
Bankruptcy in 2010, shortly before his death.
should be noted that Kinkade did manage to possess some noble qualities. He was very involved with a wide range of
non-profit organizations, including the Make-a-Wish Foundation, World Vision, the Points of Light Foundation of President
George W. Bush, and the Salvation Army's efforts in the Sept 11 Attacks.
Kinkade seems to have been a very complex man that happened to lead a very full
life while offering millions of people around the world a bit of hope and cheer
through his wonderful works of art.
D FINANCIAL BACKGROUND HERE AS APPROPRIATE.