Forbes makes a case for the Old Master drawings market, especially in light of the upcoming TEFAF fair:

The term “Old Master drawings” applies to works on paper made between the 15th and 19th century, typically in chalk, pen, silverpoint, ink, pencil, watercolor, or washes. Drawings may be studies for a larger work or pages from an artist’s sketchbook, such as Leonardo’s famous anatomical doodles. Or they may be signed drawings that were meant to be exhibited themselves, such as the Van Goyen Village Scene with an Open Market (1653) that London dealer Katrin Bellinger, of Colnaghi, is bringing to the TEFAF Maastricht fine art fair this month–part of the venerable fair’s debut works-on-paper section–with an asking price of $123,000.

For now, though, most drawings are not terribly expensive. “You can get a good little Bonnard for as little as $3,000,” says Jill Newhouse, a drawings dealer in New York.

“You can buy a jolly nice Benjamin West for $10,000,” chimes in London dealer Lowell Libson.

Old Master Drawings (Forbes)