Saponification of wax is done by boiling water, adding beeswax, and ammonia; this results in a creamy paste like substance which pigment can be added. Painting done with saponified waxes are technically not encaustic; however, they are often categorized, defined, and found together.
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Dorland's Wax Medium is an example of commercially produced saponified wax.
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Dorland's Wax Medium is an example of commercially produced saponified wax.