Brutfuner,as a professional colored pencils manufacture,has a great range of oil based and water based color pencils. ... 120 Pcs Professional Coloured Pencils Drawing Pencils, Watercolour Artist Pencil .. $35.00 Add to Cart. 150 Color Professional Watercolor Pencil Set Art Supplies for Coloring, Drawing, Shading. Colored pencil drawing/painting by Sally Franklin The use of colored pencil as an art form has been argued many times as to whether the medium should be considered painting or drawing.. According to The Merriam Webster Dictionary, the definition of paint is to apply color, pigment, or paint toto produce in lines and colors on a surface by applying pigments.