So I actually have decided to use this post to pick all your brains out there about a topic that, personally, makes me twitch: pricing artwork.
I've often been asked why I don't sell my work on a regular basis. The number one reason is that I don't produce enough to be able to do that. I'm not able to really build up a good stash of work to put up for sale so I tend to not really advertise that I do, from time to time, let a piece go.
But one of the most horrid things for me to try to figure out is how to price the devils.
I've heard a lot of opinions on how to about attaching a price tag to artwork but I have issues with a lot of them.
The one that I totally do not agree with is that you should have a set formula no matter how long it took or how expensive the materials were. I guess this train of thought doesn't make sense to me because, as a consumer, I expect to pay more for something made from silk then from commercial cotton. I also expect to pay more for something that took 100 hours to complete versus 2 hours. Just seems logical to me.
But then I look at my own work, that is hand stitched 95% of the time and consist of hand dyed fabric and (now) surface design and I can't apply the same logic as above...I kind of sit there and stare at it and don't know quite what to do about it.
I have some work going out to a gallery exhibit and one of the requirements for being in the show is that the work must be for sale. I'm good with that part but that means I actually have to make a decision about how much to charge for it.
So my questions to you, dear readers, is how do you go about pricing your artwork? Do you have a set of guidelines or do you just wing it?