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Key Takeaways Loftis sold his early paintings for about $2,000; some of those pieces are worth $50,000 now.
Today, his pricing typically starts at $25,000 — driving millions of dollars in sales to date.
He founded AllArtWorks and launched Portraits For Purpose to further expand art’s reach.
Tyler Loftis always had an intuitive understanding of what he needed to learn as an artist. But he grew up in West Michigan — a “fine art desert” at the time — and didn’t receive a formal art education until he moved to New York, he tells Entrepreneur.
Image Credit: Courtesy of Tyler Loftis
After seven years of studying observational painting at the New York Studio School and the New York Academy of Art, Loftis traveled across Europe, visiting every major museum and honing his craft.
But Loftis intentionally waited to sell his first painting until he was ready; in his mid-30s, he felt it was time. “ Any sale as an artist is major,” Loftis says. “It is a big deal because all of a sudden this thing lives outside of your world, and somebody else has deemed it important enough to be in their world.”
Selling his early paintings for $1,500 to $2,000
Loftis’s early paintings typically sold for prices in the $1,500 to $2,000 range. Now, about a decade later, some of those same pieces are worth $50,000, the artist notes.
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