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by alphagrep12345
2259 days ago
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Probably a noob question - but how do I know that I'm not being overcharged? As a matter of fact, how do I even know what's the right price for a piece of artwork? May be a long term thing, but I also think you should focus on expanding and growing your market size. Create blog posts, and videos on art, artists, art appreciation and advertize them. Educate audiance and get more people interested in it. That might percolate to making your business bigger. |
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Pricing art is harder than pricing most other things since artworks are, by definition, non-fungible / unique. This makes it hard for there to be a "correct" price. For the most part, we address this by letting our artists set their own prices (they have more information than we do.) Other factors that play in are the cost of materials and labor (often hundreds of dollars per painting) and the potential for the artwork to go up in price some day, like a stock.