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I am newer to the art business. I have been painting for a long time, but am just now looking into selling some of my paintings. I have recently had a couple that have bought a few of my pictures, and I charged them and they paid. But was hoping I could get a better idea as to what to charge for artwork, so I can better estimate it in the future. Any suggestions, and help would be much appreciated. Here is a little information on the pictures. The first painting is a 2 foot by 3 foot oil painting on canvas. It took about 25-30 hours, and here is the link to look at it. The second painting is also a 2 foot by 3 foot painting on canvas, but it is an acrylic painting. It also took about 25-30 hours and here is the link to look at it. It is a parody of the nighthawk painting, done with Chicago Bears players. Sorry about the quality of the pictures as I had to use my phone to take the pictures. Thanks in advance for the help!!!
This site has info about selling art To Calculate Cost For Artwork: 1. The customer has to pay for ALL art materials (paint/pencils, paper/canvas, spray fixative/varnish, frame, etc.) that was used in creating the artwork. When you buy art supplies, keep your receipts, so you will know how much they cost. Or buy a notebook and keep a log of how much art materials cost. (Note: If the tube of paint cost, Example: $2.50, you would still charge the full amount of $2.50 even if you used a small amount of paint from the tube. So example, $2.50 x 4 tubes of paint used = $10.00. This would also apply to each pencil used). 2. The customer has to pay for labor - the time you spent in creating the artwork. There are two ways to calculate labor: A) Give an ESTIMATE as the final cost, Example: Charge $8.00 (approximate minimum wage) every hour. Estimate how many hours you think it will take to create artwork, Example: $8.00 x 2 hours = $16.00. Giving an estimate is the better choice when doing commissions and writing up contracts because the customer will know the final price you will be charging for the artwork. B) Charge the EXACT price, Example: Charge $8.00 every hour. Everytime you work on the piece of artwork, write down the time. When the art is completed, add up the times to get the exact hours you worked on creating the artwork, Example: 2 hours 25 minutes. Round Up or Round Down the minutes to get total. In this example, you would round up to 30 minutes which would be 0.50, Example: $8.00 x 2.50 hours = $20.00 0.25 = 15 minutes (Example: 2.25 = 2hrs 15min) 0.50 = 30 minutes (Example: 2.50 = 2hrs 30min) 0.75 = 45 minutes (Example: 2.75 = 2hrs 45min) 3. Make a profit: Add the cost of materials (#1 above) and labor (#2 above), Example: $10 + $20 = $30. Then you double, triple, quadruple, etc. that amount to get your profit, Example: $30x2=$60 or $30x3=$90 or $30x4=$120 and etc. You will have to decide how much "PROFIT" you want to make. 4. Add up amounts to get your grand total, Example: $10.00 Materials $20.00 Labor ($8 x 2.50 hours) $30.00 SUB TOTAL $60.00 GRAND TOTAL ($30 Subtotal x 2 Profit) EXTRA TIP: Many longtime good friendships have been ruined when MONEY is involved, so always have a contract for all the commissions you do for friends and especially non-friends/associates/other people. You need to have a written contract. A verbal contract is hard to prove in court! You and the customer should both have a copy of the SIGNED and DATED contract. Things to include on the contract: 1. Your name & customer's name - print & signature 2. Date of signing contract 3. Size & type of artwork, Example: 18x24 inch Graphite Pencil Portrait Drawing Of John Doe, Done On Paper 4. When the artwork will be completed 5. How the artwork will be delivered (hand delivery or mailed) 6. Price of the artwork (grand total only) 7. How you are to be paid (cash, money order, check, PayPal) 8. When the money is due (100% due before or after the artwork is completed or 50% due before you start artwork and the final 50% due when artwork is finished) 9. Also include if the customer does NOT like the artwork they will still have to pay the 100% or only 50%. Personally, I would not accept cash nor checks. Cash is not trackable (unless you write a receipt) and checks can bounce! A money order is extremely trackable and it will not bounce! You can make a copy of the money order before cashing it for your records. If a person complains, I have a check, why can't I use it? Don't let that intimidate you. They can easily get a money order from their bank! Banks and the U.S. Postal Office sells reputable money orders!
It's very difficult to reply without seeing the paintings. I presume you frame the paintings; if so you need to take the cost into consideration. Consider cropping your pictures to common sizes, eg. A4 or 16" x 12", and then buying attractive plain photo frames or poster frames cheaply in such shops as Dunhelm , Matalan or Charlie's. The simpler the better. Mounts in cream, which looks Alabaster with most paintings, can be bought cheaply in some cheap stores if they are a standard size to fit a standard frame, e.g. 16" x 12" exposed picture in a 20" x 16" standard sized frame. Look carefully and you can frame a painting of that size, tastefully, with a mount for under £10. This means you can charge less for your painting, (--or make more profit!). If you enjoy painting and want the pleasure of exhibiting and selling, then perhaps profit is not too important. But if you need to sell for a profit to make a living then you need to price paintings according to the time it has taken and the cost to you of materials, transport etc.Hopefully this price will match the quality of the work! I suggest you go to some local amateur art exhibitions and look at how they price their pictures, and how well they sell. Experience (and early mistakes) will help you with pricing! Good luck!
Paintings sell for all different prices. Do some homework and go to some art shows in your area and see what certain sizes are selling for. Compare your work to what you have seen on art display and go from there. Cocoa
For the best answers, search on this site what you think they are worth for your time, labour, and costs of material. A lot of artists undervalue their own work considering how much work has gone into them. Ultimately however, valuation of art is subjective, and it is worth what the other person is willing to pay.
$150 is a reasonable price, for both. The price will raise because more than one person will want either of them, so it would be raised. They are very impressive, you're a good artist, and someone will want those paintings.
You can find easier pricing strategies here: