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How do I price art?
I do quite a bit of art and I ve been considering selling some of it. I ve never really been good at pricing things, much less unique things. How much do you think this is worth, and how can I price other art?
1 Answer
- mike1942-fLv 54 years ago
"This" what? No link or example.
But in general, art and crafts are priced based on three factors:
1.The amount of time it takes to make the piece(s) with a certain minimum wage.
2. The cost of materials going into each piece.
3. What the market will bear.
Very often, the last will make the figure from 1 out of line. If what you are making is competing in a market where everything is about $50 and it takes you 5 hours to make one, your minimum wage would be less than $10 when materials cost is put in, and you need to make a lot more than that because of the time it takes to market your products and even do bookkeeping.
Of course, the last one is highly variable and if you think your work is unique enough or your gain a reputation, your prices can rise because you are rising to higher levels in the market place.
