How to Price your work – Realistically!

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5 Tips on what NOT to do​
Don’t price your work too low. If you don’t value it, why should a potential buyer?
Do NOT price your work according to emotion. Price according to size…

 

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5 Tips on what NOT to do​

  1. Don’t price your work too low. If you don’t value it, why should a potential buyer?
  2. Do NOT price your work according to emotion. Price according to size.
  3. Only sell your best work. Initially, because you’re trying to establish a reputation and later on because you’re trying to maintain it.
  4. If you want to include a painting in an exhibition because of it’s one of your best but don’t really want to sell it, don’t be tempted to price it high in the hope it won’t.
  5. Don’t undercut the price set in a gallery through a later private sale. You risk alienating the gallery owner who displayed your work in the first place.

A Mathematical Approach

  1. You decide on a price for a square inch (or centimeter), then multiple the area of a painting by this, then round it up to a sensible figure.
  2. Most people will use a calculator for this approach, but if you can do it with mental arithmetic then you never have worry about it….