Artists who are new to selling art can be overwhelmed by all the advice on how to price their art. Pricing your art for sale is an art form of its own. When you’re first starting out selling your work, it can be difficult to settle on a price.
First, let’s dispel one of the biggest myths about being new to selling art. Being new to selling is not the same as being new to creating art. In fact, you may have had a long career making and teaching art and have won several awards. You may be well known in your area, the nation, or even the world. Or not. The point is: Being new to selling art does not equal art that is low quality or low value.
If you came upon this post because you just need a fast solution to putting a price on a piece of art, use this simple formula. It will get you started in the right direction while you sort out a pricing strategy for growth:
Cost of Supplies + (Hours to Create x Hourly Rate)
When you’re done here, head on over to this art pricing guide. It provides a complete step-by-step strategy for pricing your art from beginning to end.