Photo past Thomas Galvez , Creative CommonsAttribution ii.0

Whether it's your first piece of art or your 100th, pricing your piece of work properly can be an extremely challenging chore.

Set the price too low and you could exit money on the table, set the price as well loftier and your artwork could showtime stacking up in your studio.

How practice you lot find that centre footing, that sweet spot?  We've compiled 5 important do's and don'ts for pricing your art to help ensure your work finds a deserving habitation—and you go the salary you lot deserve!

Do: Research the Prices of Comparable Artists

How much do like artists charge for their piece of work? Thoroughly researching your market will requite you a meliorate idea of how to price your fine art. Consider other artists' work that is comparable in mode, medium, color, size, etc. As well expect at those artists' accomplishments, experience, geographic location, and production rate.

And so search online, or visit galleries and open studios and run across their art in person. Learn what those artists charge and why - likewise as what price sells and what doesn't. This information tin be an splendid approximate to help ensure your pricing is in the right ballpark.

DON'T: Undersell Your Work or Yourself

Creating art is time consuming and many materials can be expensive. Think about a reasonable hourly wage and the cost of materials when pricing your art - that includes framing and aircraft, if applicable. The US Dept. of Labor lists the average hourly wage for a fine artist as $24.58—utilize this to help you estimate. Your toll should reflect the money and time yous put into creating your fine art.

Art biz whiz, Cory Huff of The Abundant Creative person, uses this play tricks: "if my prices don't make me feel at to the lowest degree a little uncomfortable that I'm charging likewise much, I'm probably undercharging!" Accuse what you lot're worth (within reason).

Do: Keep the Same Price For Your Studio and Galleries

If you're thinking of selling piece of work from your studio at lower prices than your gallery, think once again. Galleries put time and energy into their sales and more often than not aren't happy to learn you've been selling work for a lot less. Accept it from art business motorbus Alyson Stanfield, they will drop you like a hot frying pan.

What's more than, other galleries could learn nigh this and be less inclined to work with y'all. Make certain you accept set prices that are mostly the same for your studio and your galleries. That way people can purchase your beautiful work from either place, and you can maintain a positive relationship with your galleries.

DON'T: Let Emotions Arrive the Way

This is tough, we know. With all the fourth dimension, creative attempt and emotion you invest in your work, it'southward easy to get fastened. Being proud of your work is wonderful, letting emotion impact your pricing is non. Pricing your work needs to exist predominantly based on its physical attributes and non on personal value. Subjective qualities like emotional attachment are difficult to explicate to buyers. If in that location's a piece or two that are especially meaningful to you, consider keeping that work off the market and in your private collection.

Exercise: Have Confidence and Stand By Your Price

Whether you sell a lot of work or are new to the space, have confidence in yourself and your prices. If you don't, buyers will effigy it out quickly. State your toll firmly and let the heir-apparent respond—and ignore whatsoever nagging inner thoughts about lowering it. When y'all take the time to properly and realistically toll your work, you tin can stand behind the price. If the buyer wants to become below that, you'll be gear up to justify your price. Conviction does wonders and volition assistance you lot come domicile with the money y'all deserve.

Want more help pricing your art? Consider one of these 3 straightforward formulas for pricing your work.