Category Archives: Fine Prints

The FAE Design Blog Table of Contents:

As a service provided by FAE, the following informational posts cover a series of art related subjects, designed to demystify working with fine art, and tips on how best to use the FAE Website.  The FAE Design Blog table of Contents has been divided into the following categories:
  1. Most Recent Post

  2. Safe Handling of Artwork

  3. Artwork Installation

  4. Framing Artwork

  5. Fine Prints

  6. How to get the most out of the FAE Website


1. Most Recent Post:

Hanging and Framing FAQ’s



2. Safe Handling of Artwork:

An image of a painting carefully placed in the back seat of a carPractical Tips for Safely Transporting Artwork
An image of artworks carefully placed on on a bedTemporarily Storing Artwork: A Case Study
an image of a wall of shelves holding print boxesFour Artwork Storage Solutions



3. Artwork Installation:

outdoor image of a line of figure sculptures with arms raisedSiting Sculpture, Part One: Overview


facade of a modern house with a round sculpture sited in the front yardSiting Sculpture: Part Two, A Case Study


4. Framing Artwork:

image of a wall of frame samplesThe Importance of a Proper Frame


an image of a graphic showing the entire spectrum of viable and non-visible lightWhen to Use UV Control Glazing
Two images showing an image of a flower behind reflective and reflection free glassReflection on the Problem of Reflections


5. Fine Pints:

a panoramic image of the press room of a fine art publisherThe Value in Fine and Reproductive Prints
an image showing the print and print edition numberWhat Does That Fraction Mean on a Fine Print?


6. How to get the most out of the FAE website:

An image of the entrance to the Valley House Gallery Sculpture GardenWelcome to FAE!
See art on your wall with the app.Announcing the FAE App, now available from iTunes!
Image showing the FAE app on the apple App StoreWill It Work in My Space?


Composite image showing how a presentation can be made from FAE dataAnatomy of a View


Image showing painting over fireplaceCreating Stunning Presentations with FAE




To see all available FAE Collector Blog Posts, jump to the Collector Blog Table of Contents.

Sign up with FAE to receive our newsletter, and never miss a new blog post or update! 

Browse fine artworks available to purchase on FAE.  Follow us on FacebookInstagram, or Twitter to stay updated about FAE and new blog posts.

For comments about this blog or suggestions for a future post, contact Madeleine at

What Does That Fraction Mean on a Fine Print?

Over the years, I have witnessed a great deal of confusion regarding fine print editions and what the fraction means, that is usually written in pencil and normally found just below the print’s image in the margin.  I have written three short essays to hopefully bring a little clarity to the subject.  I have also provided a link to a glossary of terms related to the editioning of fine prints.

Part 1:

An overview of the things that you may find helpful to know regarding the modern editioning for fine prints and what the fraction, found in the margin under the image, actually refers to.

Part 2 :

A short case study regarding the editioning of a series of old master prints by Albrecht Dürer (German, 1471 – 1528) called the Apocalypse.

Part 3:

An overview of what I found when I was trying to determine what fine print publisher or which artist was the first to use a fraction to describe the print number and the edition size that is now the universal format.  I cannot say I found the first, but I did find an 1895 reference point that will be a benchmark to beat in the future.

Part 4:

A link to a glossary of terms related to types of proofs and related nomenclature. You are welcome to download this Word file and keep it as a reference.

Note: In conveying the information below, you will see that I have qualified almost every example I have used related to editions or a fraction’s numerator and denominator. This is because in every case described below, in the 40+ years I have been dealing with fine prints I have personally run across exceptions, but they are rare.

Part 1: Numbering and Edition Overview:

After a number of prints have been produced by or for an artist, it is a standard practice to use a fraction to identify both an individual print and the number of like prints the artist has declared that will then constitute an “edition.” With few exceptions, this fraction is written in pencil beneath a print’s image at the lower left or lower center margin by either the artist or the publisher. There are several misconceptions as to what the numerator and denominator of this fraction mean related to the edition of fine prints and I hope the following information is helpful when looking for fine prints for your clients.

Fractional edition number with date. This is the print designated as number 21 in an edition of 30.

The Numerator:
Because written definitions of what the numerator represents are often imprecise and ambiguous, they can easily lead someone to erroneously believe that the numerator indicates the sequence in which the prints of that edition were printed. (i.e. if the fraction written on an etching is 5/25, this would indicate that this print was the 5th print pulled off the plate in a total edition of 25.) In truth, this number does not relate to the print’s printing sequence but is only a cataloguing device, a way of identifying print 1 from print 2, etc. The odds of this print being the 5th one pulled from the plate is, for various reasons, more than 1 in 25.

It is most often the case that the earliest prints off a plate, stone, or block, depending on the technique used, are often considered by collectors and curators to be better and therefore more desirable impressions than those printed later. This is due to the wear and tear on the matrix from repetitive printing.  What is almost in all cases not true is that the numerator of the fraction can tell you if a print was an early impression or not; only its superior quality compared to other impressions of the same print can do that.

The Denominator:
The Denominator of the fraction relates to the total size of the artist’s declared edition of like prints. The term “like” prints is important here as it means that the only thing that is different about each print when the edition is finalized is the numerator of the fraction. Everything else, the paper type and size, the inking of the matrix, and the way it is numbered and signed are all the same. It is important to remember that the denominator just indicates the size of the allowable edition, it in no way substantiates that editioning was completed after its size was declared. It is often only the print documentation from the press that produced it, the artists print log, or a well-researched catalogue raisonné that can enlighten one as to how many prints were actually printed of an edition.

It was popular, in the case of well-known artists like Joan Miró, to have their press print multiple editions from the same plate or stone. For instance, Miró would sometimes authorize a second edition on a different type of paper. So, you might see a print by Miró on Arches paper in an edition of 250 in one place and the same print on Japan paper in an edition of 100 somewhere else. Miró would sometimes authorize a special small edition of a print to be published that was in every way like another edition except that instead of numbering the edition in Arabic Numerals, it would instead be numbered with Roman Numerals. The takeaway here is that there may be more than one edition of a print. This usually does not occur unless the artist’s market is big enough to absorb multiple editions.

With most any known declared edition, there are additional like prints called “prints outside of the edition.” Conventionally, beyond the edition defined by the denominator, a certain number of prints will be printed that will be designated as Artist Proofs. They are like the edition in most every way except rather than being numbered with a fraction, the letters “A.P.,” (épreuve d’artiste in French) or a variation thereof, are written instead. The number of A.P.’s varies with how many the artist wants to have printed but it is rare that they exceed more than 10% of the total edition size of like prints.

Again, in the case of Miró and other printmakers who were well known in the latter part of the last century, another type of print designation was used initially in Europe to boost the number of prints outside of an edition. On occasion you will see prints, instead of being inscribed A.P., inscribed “H.C.,” (Hors de Commerce) or a variant, that means amusingly “not for sale.” Prints with this designation can be found occasionally on the market but they were originally intended to be gifted and not sold commercially.

There are other print edition designations that I will not go into here as the chances of running into them while looking for art for your clients is unlikely. Below is a quick history of editions as they relate to old master prints and to the earliest usages of the fraction to indicate edition size. If you find that you have a question about something on a print that you don’t understand, send us an email with an image and we will get right back to you.

Part 2: Old Master Prints:

Dürer’s “Apocalypse” 1511 title page

Albrecht Dürer (German, 1471 – 1528) was one of the world’s most famous and important printmakers. He produced a series of fifteen large woodblock prints based on, and called, Apocalipsis cum Figuris, known today as the Apocalypse. Outside of proofs printed to test the image and those that were printed to sell or gift, in 1498 the fifteen prints that made up the series were printed with text, some in Latin and some in German on the verso of each image, and bound. Prints that appear on the market today from this edition of books are described as “from the 1498 edition.” This series brought Dürer great fame and notoriety. Because of the popularity of the series, it can be assumed that he continued to print individual proofs from the blocks until he published another bound edition of the Apocalypse in 1511. After that series, where individual prints are now known as “from the 1511 edition,” the woodblocks were printed as the market demanded until they had worn down to the point that they could no longer produce acceptable prints.

Dürer’s woodcut The four horsemen of the Apocalypse

Before Dürer’s time and well into the 19th century, the number of prints off a plate, stone, or wooden block was determined by either demand or the condition of the matrix used that allowed acceptable prints to be created. Today, we would call that an “open edition” because the edition size was not declared by the artist. In the case of Dürer’s Apocalypse, there are two actual editions from the same woodblock of each of the 15 Apocalypse prints and many prints outside of a known edition. When dealing with old master and 19th century prints, date of printing, quality of impression, condition, and notoriety of the image are directly related to the print’s value. In the case of these specific Dürer images, as well as many other old master prints, editions and other proofs can often be dated by the paper it was printed on and the watermark it may bear.

Part 3: When the Numbering of Fine Prints Became Popular…

Most likely inspired by the rare book trade, consensus leans toward the idea that it was the fine print publishers in 1890’s France that started numbering the prints of the editions they published. One of the best known and most important printmakers during that time in Paris was Toulouse Lautrec who was a prodigiously active Lithographer from 1891 to 1900. By using the catalogue raisonné Toulouse-Lautrec: The Complete Prints by Wolfgang Wittrock as a reference, a window is opened into the innovations and practices regarding print numbering and editioning during this period. Here are my takeaways:

• Lautrec signed a small number of his prints but although many of his prints are numbered, it is believed that he did not do this himself; they were most likely numbered by the publisher. In many cases, just under half or just over half of the prints were numbered. The number system most often looked like “No: X” and written in pen or pencil. In some cases, stamps were used to number the prints. It is not clear why only half of an edition was numbered as it creates a very ineffective inventory system. *1

Lautrec’s “Mademoiselle Marcelle Lender” color lithograph

• The states (prints that show developmental changes) and edition sizes of most of Lautrec’s prints are known but the edition size was rarely indicated on an individual print.  In reviewing all the print entries in Wittrock’s book, there are only five times that a fraction was used to indicate both the prints assigned number and the number of prints in the edition. The first time a fraction was used on a Lautrec print was 1895 on half of the Pan French Edition of 100 prints of Mademoiselle Marcelle Lender, en buste, (Wittrock 99.)

Wittrock’s entry for the Pan French edition of Lautrec’s “Mademoiselle Marcelle Lender” color lithograph

*1 – Today, fine art presses will often publish artists’ prints by offering them studio space, possibly room and board while they are working, and then printing an edition of what the artist produces in exchange for a percentage of the edition. This way a press will have an inventory of prints by artists they respect, and the artist keeps the rest of the edition.  It is known that most all of Lautrec’s prints were sponsored by the publisher and very few print editions were paid for by him. This may account for the fact that often, only about half of his prints’ editions were numbered by the press.

Part 4: A Glossary of Terms Related to Types of Proofs and Related Nomenclature

Back in 1989, a colleague named Frederick McElroy, who had a masters in printmaking, and I decided that we would create an exhibition that focused on both the connoisseurship and technical aspects of Intaglio printmaking.  One of the dealers we work with in Austin Texas who owns Flatbed Press suggested that this glossary would be a good addendum to the article above.

You are welcome to download the glossary as a word file by clicking Here.  You are welcome to print yourself a copy for reference if you like but if you quote any of these entries in a publication, please credit Fredrick W. McElroy and cite the exhibition catalog Connoisseurship and the Intaglio Print, 1989.


For more information about Fine Prints, visit this other blog post:

a panoramic image of the press room of a fine art publisherThe Value in Fine and Reproductive Prints


To see all available FAE Design Blog Posts,  jump to the Design Blog Table of Contents.

To see all available FAE Collector Blog Posts, jump to the Collector Blog Table of Contents.

Sign up with FAE to receive our newsletter, and never miss a new blog post or update! 

Browse fine artworks available to purchase on FAE.  Follow us on FacebookInstagram, or Twitter to stay updated about FAE and new blog posts.

For comments about this blog or suggestions for a future post, contact Madeleine at

The Value in Fine and Reproductive Prints

It is fairly easy to differentiate between how a fine print, a limited edition print, and a giclée print are produced.  What is difficult, in today’s art world, is to make a call as to which should be more valued and why.

So, instead of making outright pronouncements, I will suggest some, as was explained in the Pirates of the Caribbean, “guidelines” to use in thinking about issues of intrinsic value as they relate.

Fine Print

In the creation of a Fine Print, depending on the medium, an artist works on a metal plate, stone, woodblock, cuts a stencil or alters some other material to create a matrix (design).  When ink or other pigmented material is applied in, onto, or through the matrix and then the image is mechanically transferred to a piece of, in most cases paper, a fine print is produced.   In a fine print, the paper with the transferred image is the artwork, not an exacting copy or reproduction of something else.  I certainly include photography as a fine print medium as it is historically produced through a captured matrix and manipulated to the artist’s specifications through the printing process.

The classic categories of print processes used to create fine prints are:

Intaglio Printing Press

Historically, these were the processes by which artists were able to provide original works of art in a more democratic and less expensive manner to a larger audience than with paintings or drawings.  Because each matrix is inked and mechanically printed by hand, one at a time, each print is unique.  The artist may decide to produce one unique proof from the matrix or as many prints as the matrix allows.  Fine Prints have always been of interest to collectors. If an artist becomes better known over time and their art appreciates because of collector interest, chances are their fine prints will follow suit.

Limited Edition Prints

From the 1960’s and well into the 1990’s artists discovered that they could produce a painting, watercolor, or drawing, and have it reproduced by an offset four-color printing press in large numbers to whatever size the press was capable of.   Most of the editions created this way were large because of the initial set up costs but the price per print came down with every print produced.   Editions were sometimes as low as 500 but most were between 1000 and 2000.  An edition of 2000 would cost the artist around $2.00 a print.  If they wholesaled a print at $10.00 to $20.00 dollars to a frame shop and the frame shop sold it to a client for between $40 and $100 and frame it for $150, they would walk away with a tidy profit.   The artist would often sign and number each print to generate perceived value.

Four-Color Offset Printing Press

Most successful artists, those represented by higher end art galleries and having works acquired by museums,  did not produce four-color offset limited edition reproductions of their artwork, but this type of print did provided a good income and exposure for many talented artists who did not achieve critical success with their original art.  Other than the value of enjoying an image you like on the wall, the resale market for limited edition prints of this type is most likely through garage and estate sales, or eBay, and their selling price will rarely exceed their original purchase price.

Giclée Prints

As printing technology moved on, in the 1990’s, the ink jet printer attached to a computer provided a new way that artists could produce limited edition prints.  The term Giclée was coined for high quality ink jet prints by Jack Duganne.   Duganne worked for Graham Nash, of Crosby, Stills, and Nash fame, and  Mac Holbert, the band’s road manager, who together started the fine art  printing business, Nash Editions, LTD in Nash’s Manhattan Beach, California carriage house.

The term  stuck and today, although technology has improved the giclée inkjet print to an exceptionally high level of fidelity and color quality, it is still used by many artists to make very high quality reproductive limited edition prints.  Because of these attributes some artists, especially photographers, are now using inkjet printers exclusively to print their editions.  Since these artists consider their inkjet prints to be the finished work of art, to distinguish their artworks from a giclée reproductions, some are calling their artworks’ medium “archival pigment prints.”

HP Large Format Inkjet Printer

In inkjet printing, a specific black or colored ink is blown onto the surface of a piece of paper in small droplets.  Their number and juxtaposition to other colored ink droplets determine the final color of each pixel that makes up an image.   Because of the incredibly small size of each pigment dot, there is no determinable dot pattern that is the hallmark of offset four-color printing.

Although individual inkjet prints are more expensive to produce in large editions than on a four-color offset press, they have many advantages:

  1. Inkjet color printers can work with as little as three ink colors but high-end printers can incorporate many more colored inks that allow more nuanced color and a thicker pigment density than four-color offset printing.
  2. Higher quality papers can be used in inkjet printing than in four-color offset.
  3. Because they are printed slowly one at a time, after they are proofed and ready to edition, inkjet prints are much cheaper to produce in a small edition.   An edition of 2,000 might take an hour on a high speed four-color press but an edition of 1000 inkjet prints of the same size would take days on a high-end inkjet printer.

For me personally, artwork in its conceived state has intrinsic value.  When an artwork’s medium is changed so it can be duplicated in large numbers for reasons of commerce, I am less interested in the  copy, no matter how beautiful it may be in its reproduced state.  Limited edition prints and reproductive giclée’s are certainly a blessing for those who cannot afford original art or are not interested in an artwork’s material or aesthetic aspects.  They allow one to enjoy an image and fill a space where an artwork is needed.  I have no doubt that there are many who would receive as much pleasure from a reproduction as I would get from an original.

I will caution anyone who buys a reproductive giclée or limited edition print thinking that it will turn out to be a good long term financial investment.  The odds of this happening are not in their favor.  Purchase only because you like the work or it fits your purpose at the time.  The true investment in art is the privilege of living with it.


For more information about Fine Prints, visit this other blog post:

an image showing the print and print edition numberWhat Does That Fraction Mean on a Fine Print?


To see all available FAE Design Blog Posts,  jump to the Design Blog Table of Contents.

To see all available FAE Collector Blog Posts, jump to the Collector Blog Table of Contents.

Sign up with FAE to receive our newsletter, and never miss a new blog post or update! 

Browse fine artworks available to purchase on FAE.  Follow us on FacebookInstagram, or Twitter to stay updated about FAE and new blog posts.

For comments about this blog or suggestions for a future post, contact Madeleine at