What kind of painting tools does one need in order to make these fantasy art drawings? I like drawing as a hobby and after practising sketching with a pencil for a year or so I recently started using colour pencils and soft pastels and I was wondering what kind of painting tools would I need to create as beautiful a picture this one?



English is not my native language and I don't really know about artist`s terms, so please forgive any errors thank you all in advance.
While the specific example you found turns out to be digital art, the style it's reproducing is oil painting. (And acrylic, but acrylic arose as a way to paint in oils minus the long drying time.)
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Note that a talented artist can achieve the same effect with watercolors, too:
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... but IMO such painting is hard enough without pushing your materials to their limits.