Your, You're (and Yore)

Your, you’re (and yore)

Like there, they're, and their, these words have (depending on accent or dialect), almost identical pronunciations.

Your is a possessive pronoun:

Your painting (the painting belonging to you) is very good!

You’re is a contraction of you are:

You’re (you are) a very talented artist!

Yore means a time long past:

In days of yore, the colour of paints was limited.