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Old 05-11-2018, 01:37 PM
Blue Artist Blue Artist is offline
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People want to buy my art but I dont know how to price.

Hi there, so recently I showed off some of my digital artwork and some people asked me my prices. I can do both digital and oil paintings, I have never sold art before.
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Old 05-11-2018, 02:56 PM
tiago.dagostini tiago.dagostini is offline
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Re: People want to buy my art but I dont know how to price.

Look for things of similar quality (And size when working on oils) on YOUR COUNTRY. Use that as a baseline.
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Old 05-11-2018, 08:39 PM
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hmshood5 hmshood5 is offline
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Re: People want to buy my art but I dont know how to price.

I just say "Make an offer" and go from there.
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Old 05-11-2018, 08:57 PM
Blue Artist Blue Artist is offline
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Re: People want to buy my art but I dont know how to price.

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Originally Posted by hmshood5
I just say "Make an offer" and go from there.

Thank you everyone for your responses. I guess I found a niche that I never expected.
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Old 05-13-2018, 04:42 PM
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Re: People want to buy my art but I dont know how to price.

I would work out the lowest price that you'd be willing to sell for. Imagine that you work full time. Then work out how many paintings you can make in a working week (approx 48 hours), and how many you can make in a working year (52weeks minus a generous two weeks for a holiday and days off (you're a professional artist - this is how hard you need to work)). Then work out your desired hourly wage and the absolute minimum that you'd be willing to work for (When I first started for me this was a bit better than the UK's minimum wage). So if you can produce 10 paintings in 48 hours, that would be 4.8 hours per painting. Multiply your minimum hourly wage by 4.8, and that gives you the value of your painting. It probably doesn't seem like much, but once you're actually selling you can then increase your hourly rate (if you dare - you may start worrying about killing your market by over pricing). Of course I've simplified things, and you'll probably have different sized paintings, drawings, watercolours etc. The point is, you need to secure your first sales, and once you've done that you are a professional artist selling art for money, thinking in a business like way about selling art.
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Old 05-13-2018, 04:49 PM
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Re: People want to buy my art but I dont know how to price.

Alternatively another way is to work out what people are willing to spend on a luxury gift for someone such as their father or girlfriend etc, and price your paintings accordingly. Unfortunately, most of us artist's are in competition with mass production and that's generally what terms the average buyer thinks in. Your painting or a new washing machine (the painting generally looses).
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Old 05-15-2018, 09:49 PM
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Re: People want to buy my art but I dont know how to price.

Don't use the "make me an offer" method. You will be undersold. Do your homework and determine from similar markets what your work is worth. You may also find a professional gallery owner or appraiser in your area who can help you.
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Old 05-16-2018, 01:35 PM
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Re: People want to buy my art but I dont know how to price.

If selling locally, the area economy needs to be considered..
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Old 05-17-2018, 08:18 AM
Harold Roth Harold Roth is offline
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Re: People want to buy my art but I dont know how to price.

Set a "hell yeah!" price--a price you would feel "hell yeah!" to get. Don't be humble, because people suss that out and many even will back out of a sale because they are suspicious that the item is not worth anything at all. Professional sellers are not humble. They decide what they want and they ask for it without cringing. It is just being professional.

Other people's remarks about seeing what similar things are going for are helpful. But you have to start somewhere.
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Old 05-18-2018, 12:47 AM
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Ellen E Ellen E is offline
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Re: People want to buy my art but I dont know how to price.

I can't remember who the guy was that I saw on youtube advising about how much to sell your paintings for awhile back. But he said to begin with $2 per square inch of the work. Times the width and height and then times that by 2 and there's the price. As you get better at your art, then you can start revising your prices upwards.

For instance, a 6 inch by 9 inch painting would be priced at $108 by using that means. I think that's really a pretty good rule of thumb. And then he said that you add on the cost of the mat and framing so you're not bearing the cost of that yourself. I don't remember how much he said to add on for the mat and framing but I think he said to add on a price that covers your cost and your effort in doing the mat and frame.
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Old 05-18-2018, 09:08 AM
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virgil carter virgil carter is offline
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Re: People want to buy my art but I dont know how to price.

If your work is going in a gallery, don't forget to take into account the gallery commission when you calculate your painting price, including framing costs.

Thankfully, no one in this thread has suggested using time and materials as a method for calculating painting sales prices.

Sling paint,
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Old 05-18-2018, 09:16 PM
Blue Artist Blue Artist is offline
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Re: People want to buy my art but I dont know how to price.

Thanks for the input guys, I put one of my paintings up for 33 dollars but I got no buyers yet. I wonder if there is something wrong with the painting?

https://i.gyazo.com/3ac7d73cd4df39c4...5bf486085e.png
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Old 05-18-2018, 10:34 PM
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Re: People want to buy my art but I dont know how to price.

What size is your $33 painting?

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Old 05-18-2018, 11:32 PM
Blue Artist Blue Artist is offline
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Re: People want to buy my art but I dont know how to price.

Quote:
Originally Posted by virgil carter
What size is your $33 painting?

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16 by 12 inches.
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Old 05-19-2018, 09:14 AM
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virgil carter virgil carter is offline
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Re: People want to buy my art but I dont know how to price.

"...16 by 12 inches..."

Your price of $33 is less than $0.18 per square inch. That's cheaper than floor tile...are you sure you're in the right field of endeavor?

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