Thursday, July 16, 2015

How to Decide on Prices for your Art (Several points of View)




Q: If you don't mind me asking, approximately what percentage of the price drop is simply from selling your work on your own versus using a traditional gallery?

I wonder if the typical art collectors know how much (or little) the artist brings home after the gallery takes its cut.


A: So galleries take 50% of the sale price. The artist also has to pay for shipping to the gallery, some promotion, travel, shipping back unsold works and also supplies.

So here's a breakdown for a show.

10-20 paintings in a show.
Canvases, and paints                                   -$2,000.
Shipping                                                           -$600.
Catalog                                                          -$1000
_____________________________________________
Expenses paid by artist up front                     -$3,600.



So let's say I sell three paintings,                     +$3600,
                                                                          +$2000,
                                                                           +$1,000

Total Sales                                                          +6,600
Galley Commission 50%                                    -3,300
Paid to me (I get)                                                +$3,300
Expenses paid by artist up front                         -$3,600.
________________________________________________
Profit (Actually Loss)                                             -300


I lost $300 on the show. (Actually more I rented a photobooth.)
So I essentially sold 6,600 but lost a couple of hundred dollars.


_____________________________________________________
My Basic Price List

Look below at the price list I'm also in the process of adding more variations.
Here is a link to my site where you can review the prices etc. 

http://kenney-mencher.com/
Kenney Mencher

18x24 Painting Oil $158
18x24 Painting Acrylic $128
18x24 Drawing $118

16x20 Painting Oil $128
16x20 Painting Acrylic $98
16x20 Drawing $88

11x14 Painting Oil $98
11x14 Painting Acrylic $78
11x14 Drawing $68

9x12, 8x10, 8x8  Oil Painting $78
9x12, 8x10, 8x8  Acrylic Painting $58
9x12 8x10 8x8 Drawing $38



______________________________________________________________
My Commission Price List



Thank you so much for your interest in a portrait.

Portraits are really scary for me and so I tend to charge more for them.  The cost depends on whether you want an acrylic or oil painting or a drawing. 

(I prefer to do drawings and acrylic for commissions because the likenesses tend to be more accurate.)

Look below at the price list and email me back with pictures and the size and the paint you want me to work with.

Commissions take 4 weeks with an additional week for delivery.  The cost of shipping is included in these prices.

You pay after it is finished on Etsy.

If you do not like the portrait you do have the right to reject it.  You will owe me no money. 

No questions asked but I do reserve the right to sell unpurchased commissions. I will just not use your name or identify it as a portrait of you when I sell it.

Here is a link to my site where you can review the prices etc. 

http://kenney-mencher.com/
Kenney Mencher

18x24 Painting Oil $350
18x24 Painting Acrylic $300
18x24 Drawing $200

16x20 Painting Oil $300
16x20 Painting Acrylic $250
16x20 Drawing $150

11x14 Painting Oil $250
11x14 Painting Acrylic $200
11x14 Drawing $150

9x12, 8x10, 8x8  Oil Painting $200
9x12, 8x10, 8x8  Acrylic Painting $150
9x12 8x10 8x8 Drawing $75