8 Quick Things to Think About when Pricing Your Art
There are 8 things you need to consider when you’re pricing your art.
Artists frequently undervalue their work when they don’t consider all the costs. Please review this handy list, and be sure to get the pricing download for a pricing art worksheet and even more helpful tips!
One: cost of materials.
Two: the time you’ve spent and what you want to get paid hourly.
Three: your margin, which is the up charge you add on top of your costs.
Four: overhead costs, like monthly studio rents.
Five: the value of your expertise, education, and experience, which you can fold into your hourly wage,
Six: don’t forget the time you take to promote your work, spend time on social media, photograph your work, communicate with a collector and get the art into their possession.
Seven: taxes! They’re real!
Eight: the gallery upcharge! if you show in galleries this means you have double your prices across the board because most galleries take 50% and it’s bad practice to undercut your gallery.
