What do you think about the prices of my art work?

Question

http://www.pricelesshouses.com

Answer 1

Hey Pablo,

I have answered this question before, but in your case, you have a 'history' of sales. This is more important in pricing art than any of the 'costs' associated with producing the art.

Estimating the value of something as intangible as art is at best difficult. Depending on how you sell your art, if at auction, or if at a studio, or if off the web, you could get different offers.

I enjoyed your work! At least what I can see on the web site. It seems that your work will be appreciated for years to come with the sales you have made.

My formula would for your works would go something like:

1. per sold painting: divided by hours spent, which equals that painting's hourly rate.

2. Add the hourly rates for all paintings sold, then Divide by the number of paintings sold. This equals the average hourly rate for any unsold paintings, and any future paintings. You have a rate to multiply by the number of hours you put in on any new painting.

That 'Average' estimate should be your minimum sale price.

You could also apply a 'quality' factor multiplier. That would be how you feel about the painting, or how your trusted friends feel about the work. That could be simply, a factor, like .75 to 1.25, and anything inbetween, you then multiply that factor times the estimated price - that gives you a 'feel good' price component.

You can also do some 'trend' analysis for increasing prices as you become more appreciated. As the demand for your paintings goes up, and your ability to outpace the demand goes down, you could construct another pricing model to describe consignment works.

As a painter, you are very unique, and the shapes, and colors seem to have a deep affect - and instantly, not something that required pondering. Keep it up, don't forget where you came from.

Answer 2

some of your pieces i enjoyed, "cutesy" others left me stone cold - in general it reminds me of a rip off of the real pablo... sorry but i would not pay those prices, but it seems other would, so go for it.

Answer 3

great prices! now you just need an idiot to pay

Answer 4

they seem expensive to me just because i couldnt afford one but you are selling and holding them so they seem fine...

Answer 5

i think your website is difficult to navigate

Answer 6

too high