How To Price Fine Art Prints

How much should I mark up my fine art prints?

This can be a grey area, but a good rule of thumb is that items with smaller costs can usually withstand a higher markup. Conversely, higher priced items usually have little markup. As a starting point, add 15-35% and see how that rests with you. You can always charge more.

How do you price fine art?

Consider one of these 3 straightforward formulas for pricing your work: FORMULA 1: Square Inch × Dollar Amount. Example for a painting with a width of 18 inches, a length of 24 inches, a square inch multiplier of $4, and a material cost of $100: FORMULA 2: (Hourly Wage × Hours Spent) + Cost of Materials.

How do I find the value of art prints?

How can I value my print or picture? www.artnet.com. www.artprice.com. www.fineartinfo.com. www.artfact.com.

Are fine art prints worth anything?

Like all artworks, fine art prints are more valuable when they are hand-signed by the artist. Along with trends in the broader art market, a print’s edition, technique, condition, and signature will determine whether it costs $500, $5 million, or somewhere in between.

What is a good profit margin for art prints?

Understand your profit margin. If you have plans to seek galleries or consultants to help sell your art at some point, you must build in a profit margin to account for their commissions. For most artists, this is 50% of the retail price.

How do I price my art in the Philippines?

In case you need help, here are the formulas: Hourly rate X number of hours spent + cost of materials = Price. Daily rate X number of days spent + cost of materials = Price. Monthly salary / number of paintings you could do in a month + cost of materials = Price.

How do I charge for photo prints?

So how do you price your prints? We know the cost of goods model dictates that your prints should be 2x to 7x the amount it takes to produce the product. Since you will probably be selling with a gallery, they typically charge 20% – 50% of the total sale as a commission .

How much should I charge for digital art prints?

How Much Should I Charge For Digital Art Commissions? HIGHEST AVERAGE SKETCH $75 $29 BLACK & WHITE $65 $35 FULL COLOUR $120 $60 BUST $80 $30.

How do you find the commission rate?

Just take sale price, multiply it by the commission percentage, divide it by 100. An example calculation: a blue widget is sold for $70 . The sales person works on a commission – he/she gets 14% out of every transaction, which amounts to $9.80 .

What is a good number for limited edition prints?

Most emerging artists tend to choose a number between 200-500. This way, your limited editions run is not too small to hamper sales and just big enough to interest and satisfy your buyers. Ideally, the number for a large limited edition run should not exceed 850.

How do I price my artwork to sell?

In the meantime, here’s an explanation how art values generally work in the real world of buying and selling art Briefly, the art market is made up of two distinct segments, retail or primary markets and resale or secondary markets.

How can I sell my art prints?

Yes, you can make money selling art online! Here are some of the best places to virtually sell your art. Fine Art America. Fine Art America is the world’s largest online art marketplace and print-on-demand technology company. ArtPal. Amazon. Etsy. Storenvy. eBay. Minted. Society6.

How do you know if a print is valuable?

When identifying a valuable print, look for a quality of impression and good condition of the paper. Look at the paper and see if there is a watermark or distinguishing marking. The condition of the paper—tears, creases, stains—will also impact value.

Do art prints go up in value?

Limited edition prints usually retain or increase their value. However, this will depend on the artist and whether their demand and popularity increases over time. These factors, plus the quality of the work and the renown of the artist, determine the real value of a contemporary art print.

Can giclee prints be valuable?

Embellished giclées are generally sold for a price between a simple print and an original piece. Because embellishments make the work more original, it becomes more valuable and rare. The high quality and long lifespans of giclées ensure that the prints appreciate in value.

What is markup Society6?

Society6 artists earn 10% of the retail price on all products except for Art Prints, Framed Prints, Canvas Prints, Framed Canvases, Floating Acrylic Prints, and Recessed Frame Prints. The markup on these products can be adjusted anytime in the Artist Studio. Learn more about setting markups here.

How do I price my art on Etsy?

Length x width x price per inch. I would recommend at least 1.00 per linear inch if not more. 11×14= 154 inches x $1.00 = $154.00. You can raise your prices further after you have made some sales.

What is the mark up on art?

Artists have control over their personal markup on Art Prints, Framed Prints, Canvas Prints, Framed Canvases, Floating Acrylic Prints, and Recessed Framed Prints. The default markup on these products is 10%, but can be adjusted at any time. For these items only, artists will share in the promotional costs.

How do you price a beginner painting?

So, if a piece took you 10 hours to make, you want to get $15 per hour, and the materials cost you $45, you could use $195 as your starting point (10 times 15, plus 45). Cost of materials would include your canvas, paper, paint, ink, and so forth.

How much should I price my art commissions?

The easiest way to set your price for commissions is by making a calculated how many hours you spend for your art, multiply by your hours price. This method called pay per hours. For example, if you make a drawing for 4 hours and you set your fee $25/hours, you can set a bottom price for $100.