How do you price your art???

[Jason Paul Claire]

Hi everyone, just joined the forum and what a wide selection of chat, hello everyone

I have a general question. I work mainly in pencil and have dabbled with oil and acrylic. Once you have produced your 'art' how do you go about pricing it up to sell on, for instance, the internet; include on your site etc.

Any tips would be great, any articles you maybe able to point me at would be welcomed.

Anyway, check you all later

JPC

[Brian.May]

For myself I look at what I am selling and decide if it is something I need to move. If it is a batch of functional ceramics (mugs/bowls/vases) I price them so people can have them in their homes and use them. If it is digital work (fan pages/design/graphics/etc) I work within the clients budget. Sculpture, you never really get back financially what it costs to make it, not material, not time, not labor. So sculpture, I just arbitrarily pick a dollar amount based on cost of materials and my time at 10/hr. Most of the time, people get a great deal because I under price work.
 I have considered putting up a show and have the attendees make offers, I am interested in seeing whether or not they would value the work higher or lower than I would.

[Jason Paul Claire]

Thanks for your insights, food for thought. I work as a visual artist in oil, pencil etc. Someone told me to price at $1/£1 per square inch but this now gives me more to think about. I love the idea about people bidding that would be really interesting.

Anyway, thanks for your time in putting finger to key and hope your career blooms

[Brian.May]

I think it has a lot to do with what the work is but also what you need to live on. On another site someone had given the equation of figuring out how much you need a year to work and then figuring out how many hours a week you want to work and then dividing. Granted they are mostly illustrators/concept artists/etc but I think the equation is pretty solid regardless of the industry.
 This is also assuming that you are looking to survive on art and sales and are not doing it for "extra" money. (Whatever extra money is..)

[Jason Paul Claire]

Totally agree with this. I think there is a difference between people who make it their living and those that are just doing for extra cash.

[Brian.May]

One day I hope to have this thing called "extra cash"!!!
But all things in their due time I suppose

[mollu]

There are a lot of factors that I consider when pricing one of my paintings. Before anything else, I add up the money I’ve spent on materials; including paints, brushes, canvas, studio space, transportation costs, etc. This amount MUST be accounted for somewhere, because just like any business, the materials are an investment and detract from my total profit.

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[DavenportTegan]

Hi,
To price art is a very tough job for ordinary people. Experts in this field, like art collectors, can price art more conveniently than any other. But before evaluation of price of art you should understand how the art market works. The pricing depends on your reputation and how other artists value it.

Thanks
Abstract Art Paintings

[Brian.May]

 See the last time I ran a show and priced work it was entirely arbitrary. I had to move many pieces of functional ceramics as I did not want to move them, so I priced everything to go! Now,depending on the style of work, I price based off my time and then materials. And material costs vary depending on if they are found, recycled, gifted or what have you.
 Next time I might think about the dollar amount I want to come away with, then divide that by the number of pieces and price that way!
I find pricing an awesome exercise in finding what people will and won't respond to.

[mollu]

There are a lot of factors that I consider when pricing one of my paintings. Before anything else, I add up the money I’ve spent on materials; including paints, brushes, canvas, studio space, transportation costs, etc. This amount MUST be accounted for somewhere, because just like any business, the materials are an investment and detract from my total profit.


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