Getting the Price Right – Valuing a Painting

It is never easy to set a price for your own work. There are so many different approaches you can adopt as another blog suggests.

I went for option 1 determining the price by size. I think it is fair to everyone. It takes into consideration the material cost as well as the average amount of time it takes to paint a picture of that size. Obviously size is not the only determining factor. You will have to introduce a markup to take your market value into consideration.

Apparently I seem to have got it right since when speaking to a gallery owner only recently he confirmed that he would be able to sell my work at the price I was asking. That was after he had quickly carried out a calculation on his calculator considering taxation and his own margin.

I also make sure not to sell below my gallery prices since this would undermine the relationship with the gallery.

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About landscape painter

Painting and drawing have been my passion from early childhood. I have attended numerous exhibitions in England and Germany. Presented with the Judges Award at a show I now have one of my paintings on permanent display at a museum in Greater London with growing sales and commissions.
This entry was posted in acrylic, art, Marketing, oil painting, selling art, tip and tagged , , , , , , . Bookmark the permalink.

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