He recommends the following process for pricing watercolors. If you're just getting started, focus on producing small or medium sized watercolor paintings that you can price low—around $50 to $150. Once you've sold half of your inventory, bump your prices up by 10%.
How much should I sell my watercolor painting for? Creating small or medium sized watercolor paintings that can be priced low - $50 to $150 - is an excellent way to start. You should raise your prices by 10% after you've sold half of your inventory.
Multiply the painting's width by its length to arrive at the total size, in square inches. Then multiply that number by a set dollar amount that's appropriate for your reputation. I currently use $6 per square inch for oil paintings. Then calculate your cost of canvas and framing, and then double that number.
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.
Pay yourself a reasonable hourly wage, add the cost of materials and make that your asking price. For example, if materials cost $50, you take 20 hours to make the art, and you pay yourself $20 an hour to make it, then you price the art at $450 ($20 X 20 hours + $50 cost of materials).
Business schools teach a standard formula for determining an hourly rate: Add up your labor and overhead costs, add the profit you want to earn, then divide the total by your hours worked. This is the minimum you must charge to pay your expenses, pay yourself a salary, and earn a profit.
Don't jack the price of your 8x10" paintings from $200 to $2000 overnight. Pros recommend a 10% rise in price to begin with. You can always consider going higher later, but if you go too high, you likely won't get those lost customers back. Keep it real.
The price for commissioned art is typically between $0.50/sq inch and $4.00/sq inch for portrait paintings. This includes portraits of people, pets, and “portraits” of objects, such as houses and vehicles.
Yes, unfortunately watercolor does rank below oil and acrylic in the hierarchy of art sales. Most collectors are interested in oil paintings. There are exceptions though.
Watercolor, along with pastel, can also be deemed more expensive and valuable due to the products used. These pigments can be very expensive to produce and to purchase. Yes, manmade, synthetic pigments are more affordable, but pure pigments from the earth are quite expensive. This becomes a true investment.
An artist's work can be sold through online auction sites, brick-and-mortar auction houses, a consignment gallery, online art sites, or a private dealer. It's possible to set up your own gallery or website, especially if you're offering the work of more than one artist.
The first step is to prepare a watercolor palette. Once the colors have been hydrated, you can use a spray bottle, a blunt syringe, or a spoon to apply them. After dampening your brush with water, dab your pigment-rich brush on paper with the pigment-rich brush. all! !
Watercolour portraits, I tend to range the price from $130.00 to $180.00, head and shoulders 1 to 4 persons. Anything past head and shoulder as well as in a scene or detailed background, I go higher. This tends to net me $18-$22 an hour, which to me is an acceptable wage.
Supply and demand still play a role. Demand still exists and, even though the artist is still alive, he or she can only produce so much art. It often takes lots of time to produce a single piece of artwork. This leads to another factor that affects the price of art: each piece of art is unique.
1. Choose how you wish to sell the paintings. Alternatives include online auction sites, brick-and-mortar auction houses, a consignment gallery, online art sites and private dealers. If you're offering more than one artist's work, you could set up your own gallery or online site.
This is a list of the highest known prices paid for paintings. The current record price is approximately US$450.3 million (which includes commission) paid for Leonardo da Vinci's Salvator Mundi in November 2017.
Portrait paintings and drawings range in price according to size, medium, artist experience, and location; amateur artists can expect to pay $20 to $200; more experienced artists can charge up to $5000; and well-established artists can charge over $20,000.