Tuesday, 16 August 2011 14:49

Collector Fred Parker

Written by  Steve Doherty
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Fred Parker, art collector; is seen with some of his collected works at his home, including an NC Wyeth painting seen at right. Photo Jerry McCrea/The Star-Ledger, New Jersey Fred Parker, art collector; is seen with some of his collected works at his home, including an NC Wyeth painting seen at right. Photo Jerry McCrea/The Star-Ledger, New Jersey Photo Jerry McCrea/The Star-Ledger, New Jersey



Fred Parker is a New Jersey man of average means who made his living selling fish, but now he is being celebrated as an astute, wealthy art collector with advice on making wise art purchases. Parker has given several interviews recently during which he offered advice on how to build a valuable art collection, even in today’s tough market.



Parker’s collection includes work by N.C. Wyeth and Norman Rockwell, but he didn’t start out buying work by well known artists. “The media coverage of big name artists is not representative of the overall picture,” he believes. “When it comes to early 20th Century and 19th Century American and Continental paintings, this is a buyers market. Stay away from the name brand artists. Buy art you love.”

Parker began collecting art in 1961 with a focus on representational paintings. He bought the work of commercial illustrators like Amos Sewell (1901-1983) and painters like A.B. Frost (1851-1928).  He also acquired paintings by Adrian Verhoeven-Ball (1824-1882), James Gale Tyler (1855-1931), and Belisario Gioja (1829-1906) -- not blue chip artists but certainly reputable painters.

According to an August 7, 2011 article in the New Jersey Star Ledger, Parker searched for mid-level paintings in barns, galleries, and auction houses and would offer much less than the asking price. If he was outbid or his offer refused, he looked elsewhere. In earlier years, he never spent more than $1500 on a single year on artwork, but over time he sold less important work to afford major paintings. For example, in 1995 he bought a Norman Rockwell painting for $18,500 and sold it a year later for $55,000. “I paid off my mortgage with that,” Parker says proudly.

Before Parker purchased a work of art,  he did extensive research during his days off from work. He visited galleries and auction houses, read art books and magazines, and bought exhibition catalogs. Once he saw paintings he could afford that were “a must!,” he negotiated a price of left a bid. Today that kind of research is easier to conduct because of the internet. Parker advises potential collectors to visit gallery and artists’ websites, as well as websites like Ask Art. com and ArtNet.com that provide auction statistics on thousands of artists.

Now 84 years old, Parker is more interested in selling parts of his collection than in adding to it, but the market has been so weak he hasn’t sold anything in the past three years. However, he says the real enjoyment was in the hunt for undervalued paintings and in looking at them on display in his Floral Park, New Jersey home. “I think the market will turn around in a few years,” he says. “I hope to still be around.”

Last modified on Thursday, 08 September 2011 17:31
Steve Doherty

Steve Doherty

Plein air painter, fine art lover, author, and collector.

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