How to Price your work – Realistically!

R5.50

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….

Author: LifeArt School

Leonie has been painting for 30 years. she has a degree in Art as well as a Teaching diploma. Her dream has always been to help other reach their full potential, in art as well as in daily life. LifeArt School has been in operation since 2004 and has managed to help various students become full time artists. Leonie is also a well know local and international artist. She paints three days a week and her work is available in various galleries.