Congratulations Jim, I immediately recognized your painting also!
]]>Thanks so much Alyson, Julia and Jim, for your feedback.
I had only just reconfigured (upped) my prices in recent months, so adding another 50% might be a challenge for me to get my head around initially!
Great advice, though, it’s helped me to see I’m pricing ahead for purchase, rather than just my costing.
Back to the drawing board for another tweak!
Chrissy: You’ve received good feedback here.
You have 1 price only for your art – regardless of where you sell it. Imagine if someone bought something for $1300 and then saw they could have had it for $1000 on your site. Bad form.
1 price. Build in a 50% commission to all of your pricing as soon as you can.
Just jumping in, though I know Alyson will answer with more info/expertise. The way I’ve worked this, since I do some work with galleries and consultants who take 50%, is to ALWAYS figure in 50% added on to what I want to get. If a venue only takes 30%, that’s great for me! I recently had a sale where the venue only took 25%! That left 25% more for me than my usual expectation. If I sell directly, even better. But that 50% mark-up is something I just have to figure into my calculations right from the beginning. Hope this helps!
]]>Wrote a long reply to this which got deleted somehow, but the upshot was to say I agree with you, and I think they mostly do pay full price. First “donation” one I talked about they offered $200. Last commission I did was $450 for the same size. In addition, they’ve bought a bunch of my completed work at full asking price (which figures in the 50% consultant’s take). I also think they happily pay certain artists megabucks for large signature pieces in prominent areas (vs. the ones I did for treatment rooms, etc.).
Which is not to say other hospitals don’t ask for free or super-cheap art all the time!
Leah: It’s okay to give away art – as long as people know the REAL VALUE of it. That you educate them. And that they know it’s a 1-time deal.
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