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Regardless of whether it’s your first artwork or perhaps your 100th, pricing your artwork effectively is surely an incredibly demanding task. Set up the price way too low and you could leave money on the desk, do set the price excessive and your craft could begin stacking up inside your studio. 

<h3>1. Do Reasearch Prices of Comparable Artist</h3>

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Just how much do comparable artist cost with regard to their work? Extensively researching your market provides you with an improved notion of how to price your craft. Consider other artists’ work which is similar in style, color, medium, dimension, and so forth. Also examines those artists’ achievements, production, experience. Geographical location and rate.

Then search and look online, or pay a visit to art galleries and open studios and find out their craft personally. Learn what all those artist charges and why – along with what price sells and what does not. This info is definitely an outstanding measure to help ensure your pricing is incorporated in the proper ballpark.

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<h3>2. Do not Undersell Your Work or Yourself</h3>

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Making art is cumbersome and several materials could be pricey. Think about a sensible per hour wage and the expense of materials when pricing your craft – that also includes framing as well as shipping, if relevant. The United States Dept. of Labor lust the standard and [average per hour wage](https://www.bls.gov/oes/current/oes271013.htm) for a good artist as $24.42 utilized this to assist you to calculate. Your price must represent the time and money you place into making your art.

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<h3>3. Do Retain the Same Price For Your Galleries and Studio</h3>

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If you are thinking about marketing work from your studio at affordable prices than your gallery, you better think again. Galleries set energy and time into their sales and usually are not pleased to learn you've been marketing work for much less.

What’s more, other art galleries could find out about this and become much less keen to do business and work you. Be sure to have established prices which are usually identical for your galleries as well as your studio. By Doing this, folks can purchase your stunning work from either place, and you could keep an optimistic connection along with your galleries.

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<h3>4. Do not Allow Emotions Get in the Way</h3>

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This is certainly challenging. With all the time, imaginative hard work and emotion you put on your craft, it is an easy task to get affixed. Becoming pleased with your work is amazing, permitting to affect your pricing is not. Pricing your work must be primarily depending on its bodily characteristics instead of personal worth.Subjective characteristics like emotional attachment are difficult to describe to customers. If there is a pice or two which are especially significant to you, think about retaining that work away from the market as well as your private collection.

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<h3>5. Be confident and Stand By Your Price</h3>

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Regardless of whether you sell plenty of work or are a novice to space, have confidence in your self as well as your prices. When you don’t, customers will figure it out easily. State your price completely and allow the buyer react-and ignore any nagging internal opinion of reducing it. Whenever you take the time to appropriately and reasonably price your work, it is possible to stand behind the price. In case the customer desires to go below that, you’ll be ready to rationalize your price. Self-confidence does the magic and can help you go home having the money deserve.

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<i><b>References:</b></i> https://www.artistsnetwork.com/artist-life/a-simple-formula-for-pricing-artwork/
http://www.artbusiness.com/artists-how-to-price-your-art-for-sale.html
https://www.theartleague.org/blog/2016/05/20/price-artwork-beginners-guide/