how do i price my painting???

Question

specially selling it to singaporean coz i am malaysian artist..
my work are very reputable in malaysia with national art foundation own them. I would like to know how many percent i could mark up from my local selling price? thank you so much need some feedback urgently. thank you again

Answer 1

You should research the Singaporean market on the internet. Then you need to consider your quality vs. other paintings. Thirdly, you should think about how fast you need to sell.

Don't think of it in terms of a markup. You should sell at the maximum price that you can get. If you have time, start high and see if it sells. If not, cut the price 10% at a time until it does. Next painting you will have a better sense for the sales price. Also, think about hiring an agent to help you sell and maintain a relationship with client who like your work.

Good luck!

Answer 2

Base your price on experience, reputation & other influenced artwork. See what other artists charge.
Art that you prefer to keep most, but have to sell, price high.
Art that you've created, but dislike, price low.
Sometimes you can price by sealed bids with a deadline and a starting price.
Use your best guess first, then experience next.
I hope you are rewarded well.

Answer 3

I don't know from Singapore or Malaysia but at the local art festivals around here (NY) it seems to be priced based on size. Fifty dollars US per square foot is pretty typical.

Answer 4

I found a great site that I go to for reference many times, they give us Artists lots of information about lots of things.

There are 2 or 3 very useful documents about pricing paintings (wherever you are in the world). I hope you find it helpful:

http://www.artbusiness.com/artists.html

Good luck in Singapore.

Answer 5

What I would tell you is this:

Go around to the local art galleries, find paintings being done in your style, see how much those artists are charging and charge the same prices.