"Sunny Day" 8x8" acrylic by Robin Maria Pedrerooriginal and prints available
I regularly receive requests on the business of art.
Today I will address a recent question from @mindvend on twitter
do u know of any sites that assist with valuation of art for pricing?
I do not know of a site that calculates that for you as a contemporary artist, yet there are many resources regarding pricing to assist you.
how do artists decide their works value & how do their approaches change through career?
After @ClaudiaSmalley saw the tweet she asked to be in on the convo saying " valuation 4 art interests me as I'm trying 2 understand dependencies eg prolific, fame, collaborative?"
I will jump right in and say many answers can be found via The ART BIZ COACH which is my most favorite art business resource! I highly recommend Alyson Stanfield's book "I'd Rather be in the Studio" and other fabulous tools available on her site. I am an affiliate. I searched and found Pricing Your Art:10 Rules
Sharing personally....Early in my career, before I discovered Alyson on the net, I had referenced the book Art Marketing 101, and sought many sources and artist mentors to help guide me. My mentors may change yet I rely on them. I learned one method was to price by size. Pricing work by a set amount per size or even per square inch while taking account into the cost of materials, framing, fees, etc. As I acquired more sales and commissions I would track hours spent on each piece of art by tally marks, until I came up with an average and attributed a monetary value of what I wanted to get paid per hour, factoring in the costs of materials. I did some comparison pricing based on my colleagues and found it varied dramatically, yet I arrived at my own conclusions and developed a price list and personal system. Factors like skill level, size,medium, market cost, investment value,name recognition, location and subject matter influence the way we price our works as artists. As I continue to build my career, with awards, honors, and juried in as a Pastel Society of America Signature Member, (with one of the coolest tribes of art collectors and fans) my portrait and pastel prices gradually raised. Around 2008 I began working with acrylics and I price them accordingly, with less overhead on extensive framing, presently less than the pastels.