Check the listing for details. R & F Handmade Paints Bees Wax - 1 lb.. Condition: New. Listed at 31.28 USD. Beeswax is the chief component of R & F Encaustic Paint. This beeswax has been decolorized by mechanical filtration, rather than through bleaching which breaks the wax down. Filtering the wax is gentler process that makes it less reactive to pigments than chemical bleaching. The wax comes granulated so that it is easier to measure and to melt. You can use Beeswax as the prime ingredient, along with damar resin, for making your own encaustic medium.