Multiply the width of the painting by its length to get the total size, in square inches. Then multiply that number by a fixed dollar. This isn't the only way to price your artwork, but it's the one that keeps my prices constant. Keep in mind that my prices were much lower 10 years ago, when my artworks were relatively unknown to collectors. It's important to note here that when I have a good sales year, I raise my prices by 10 percent.
When the economy is bad or my sales are slow, I don't raise prices at all. I hope this gives you a starting point. If you only sell at local outdoor shows and are entering the art market, I suggest that you keep your dollar amount much lower than mine. I have been selling my work for 14 years. There are ways in which I could increase the value and therefore the price of my art, but I'll talk about that in a later blog post.
When the economy collapses and sales decline, keep prices the same and offer incentives to your loyal customers. Retail price of a gallery = (100 multiplied by your price) divided by (100 minus the gallery commission) Artists who sell in galleries usually create a coherent work before entering the gallery; the same is true for outdoor exhibitions or at any other place of sale. When you have about 10 dynamite paintings that appear to have been painted by “you”, it's easy to set a price range and start selling. Lori, I like the square inch method to a certain extent.
I make graphite drawings that require between 30 and 150 hours of work to complete. So I think there are times when you should use another equation: “time spent”. I have seen painters finish a painting in 2 hours or less and still charge a certain amount in dollars, he earns $100 an hour, while I earn 2 to 15 dollars an hour. So what are we willing to value ourselves on? It's a difficult question for a work of love, but it's good to be worth something.
Lennie A lot of galleries were closed in Scottsdale last year. Legacy Gallery manager says it receives more than 100 artist submissions per month. He watches them all, but he has about 60 artists on his favorites list. Nowadays, your work has to be extraordinary to reach the most important markets, and winning prizes in national competitions helps places with the highest visibility to take a second look.
Your price should reflect the money and time you invest in creating it. This formula ensures that you are paid for every hour you work and that it covers the cost of your materials. It's an especially good formula for artists who are just starting out. When deciding on an hourly rate, check how much comparable artists charge for their art. If you use this formula and your price is much higher than theirs, consider reducing your hourly rate.
Width (+ height in cm) x artist experience x cost factor* = price of the painting Artist's experience This represents your experience and fame. However, there are several online sources with slightly different numbers combined with experience, so check what works best for you. One thing I didn't really consider at first is the time and cost involved in packing and shipping your paintings. If you would like to calculate how much your other supplies cost per year, you can add those expenses and divide them by the number of paints you made and add that number to the retail price.
All you have to do is enter the measurements of the room, information about the number of doors and windows, and the cost per square foot of your chosen paint. I can't really think of the square inch formula as something that works for my own works, which are calligraphy and calligraphy, as well as house portraits and other images. To tell the truth, I'm not worried about paint and brushes, but I do deduct those costs on my tax forms. Everything you do when you set the price of your work according to the hours spent, or because it has used more paint, more time or simply more effort, or if it is a hard painting, is to prepare yourself for the collector to ask you why this painting costs more than that painting. The cost of the materials for both was about the same, but considering the time it took me to paint the first one, I would feel that I am fooling myself by having the price more or less short. The cost of painting a room depends on many factors, such as the size of the room, the type and quality of the paint, labor costs, supplies, and any additional preparatory work needed.
It may seem like a lot of work before the job starts, but knowing how to estimate a paint job accurately to account for all the costs can make the difference between breaking even and making a sizeable profit. To calculate how much it's going to cost you to paint a room or an entire area, you'll have to do some calculations. This paint cost calculator is for informational purposes only and provides estimates based on user input, which may not reflect actual project costs. The cost of painting a 12×12 room will vary depending on the type and brand of paint you use, how much you charge per hour, and any additional materials you need to purchase. Overhead expenses are easy to overlook, but they're crucial to the smooth running of your painting business.
