HOW TO PRICE ART TO SELL AND START YOUR ART CAREER - plus one caution to artists
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- เผยแพร่เมื่อ 29 มิ.ย. 2024
- How to price your art to sell can be confusing as there are so many factors that you need to take into consideration. Most artists creating artwork in their art studios whether it be for art fairs, online art websites, galleries, or sold directly by you have to consider how to price artwork correctly. There are many methods that are outlined online, like the per square inch method, hourly wage, or the cost of art supplies to create the original painting multiplied by a number determined by your skill level. How do you know which method to price your art paintings is right for you?
In this video, I will explain which method of pricing my original paintings I chose plus the reasons why. I will also share the one mistake or caution you should be aware of so you don't stall your art career.
If you found this video helpful please remember to give a thumbs up and comment down below.
You can see the list of galleries that I work with listed below.
KOYMAN GALLERY - Ottawa, Ontario
PWD GALLERY - Guelph, Ontario
2GALLERY - Prince Edward County, Ontario
BENZ GALLERY - London, Ontario
RYAN FINE ART GALLERY, Port Carling
DETERKUNSTEN GALLERY, Tisvildeleje, Denmark
PI FINE ART - Toronto Gallery
BLUE CROW GALLERY - Toronto Gallery
CANVAS GALLERY - Toronto Gallery
/ lorimirabelli
www.lorimirabelli.com
/ lorimirabelliart
#Artbusinesstips #howtopriceart #howtopriceart #abstractartist - แนวปฏิบัติและการใช้ชีวิต
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I just retired from a career that started as a freelance illustrator and ended in numerous areas in the advertising/marketing industry. Even though I was an illustration major in college, I would seriously advise budding artists to be business majors and take art classes along the way. Your advice is spot on! In my retirement I’m getting back to non commercial art and will be using your ideas to market my work. My little piece of advice for artists new to this is to paint more so that the sheer volume keeps you from falling in love with your own creations.
OHHHHH I love that Loren.....Such a good point. Falling in love with your own pieces does hinder the process. Love that😊
my sister was like that. She was an amazing artist but couldn't part with anything! She was in a financial pickle, and I bailed her out, but she insisted she paint me something to pay for it. She did! then later asked for the painting back because she missed it, lol. Her house was completely covered with her paintings when she passed, and all were just amazing. She just couldn't part with them! Her ex got them all, including the one she had painted for me.
Speaking straight to my Artists heart.
You're the first artist I've seen that has given me honest, real answers. I'm just starting on this life path and your advice is so SO helpful. Keep up the amazing work♡
Awwww 🥰 thank you so much 😊 so glad you found it helpful 😊
Me too. She’s so informative and lovely 🥰
As a fellow Virgo, perfectionist, and artist, I'm dying laughing! Everything you said is so true! LOL
Hahah right lol 😂
Capricorn Virgo! I totally agree, I have many pieces I work on at a time.
To be honest your success is all because of that positive karma you build for yourself, you give so much that other artists would be too selfish to do (as myself, maybe it's because I'm young and still have a lot to learn), you inspire so much, you reply every time, you radiate positivity and for just the few weeks that I've been following you I feel so inspired, motivated and grateful that I've stumbled upon such an amazing human. You deserve all the best!
oh gosh You are so sweet!! I really appreciate that so much.
@@lorimirabelliabstractartist of course!! And also this was the realest video I've watched in a long time, all of the other artists are like "price it by your hours, times your supplies, times 4" and I'm thinking "who's gonna purchase an A5 watercolor painting for 600$" 😂 sure, it's possible but the chances are close to zero. So, I really needed this, amazing advice as always!
@@haritinasakova4327 Thank you so much....I like to keep things real, honest and simple 😊
I absolutely agree.💖💖💖
Amazing Haritina! 10000% ditto for me. I could not have said that better! GO LORI! and Thank you!
I horde all my art, sculptures paintings drawings textile crafts, lol. I make this art for me, not to sell. Someone someday is gonna make a mint off of my love. Or there will be a nice looking hill at the dump
hahahaha Nicole you made me laugh😂😂😂
That really was funny. But, maybe post a few things on Etsy and see how it goes...
Yes! Post some on Etsy you never know!!!
@@lorimirabelliabstractartist HELP ME GET MY ART IN AMERICA
Now I just really wanna see your art
Aquarius here married to Virgo. He grounds me and I help him fly from time to time. Balance.
Thank you for sharing your wisdom and experience. 💞💞💞
I love that!!!! 🥰
Thank you, Lori. This topic is incredibly stress inducing for me. I struggle to set a price that's fair to me for time/supplies and to the buyer. I like the square inch idea. I've hesitated to price myself too low but this makes sense. Better to get the selling momentum going for a lower price than not at all.
That is exactly it !!! Momentum is the perfect word😊
I'm a Virgo, too!! Yep, I get it, and also all over the place on a creative day!
And also use the square inch method for pricing 💗
Love it!!🥰
Oh good we finally get to see what that painting is with the legs. I always wondered what that was when you showed only the legs.
lol. Yepp. I guess I don't even notice her in the back ground anymore. But I adore her...
Same here. Any way watching from West Africa Ghana
thankyou so much from a beginner abstract artist from the netherlands with 0 experience I learn so much from you and i really love youre aura
thank you so much....I really and truly appreciate your comment.
"Sometimes people will buy. Sometimes people wobon't." Ain't that the truth!! haha you are sweet. 💕💕
🤗 lol
Thank you so much for sharing! I’m just at the early stages, so all the info you have shared is very helpful! I appreciate you giving back 😊 it shows that you are a good person
I just discovered you on TH-cam - thank you so much for these videos! You have been so helpful and inspiring that I am motivated to move forward with my dream of being an artist. You have helped me see the possibilities!
You are so welcome and that's honestly music to my ears!!!
Good advice. I have been a professional artist for a long time but just entering the painting arena, not sure why but it called. I know I will have to start from a humble place, this is new to me. The exciting part is knowing I will grow and there is so much to learn. I love the learning part. I sadly have seen so many "artists" over the years get excited about the money and think they can slap a fat price tag on a piece of art and that is what will make it good art. So many people thinking that this is all some kind of game you just have to find you way into. It can be but an artists doesn't paint for money, they make art because they can not, not make art. It is a part of who we are and we do it even if money doesn't follow. Business sadly is a part of the process, and as an artists you have to find a way to get comfortable with it.
Wow Lori...you did a lot of valuable leg work for this video. Of course not to neglect or recognize time spent in your journey as an artist. This is so helpful, thank you so much for opening up your private world in fine arts financing. I've been painting, more so abstract the last couple of years but never put to mind selling. Now that I'm older, life is changing rapidly . Hence one of the reasons for being a subscriber.
I would agree square inch method appears to be the best solution and gradually moving up as your demand in creases. All the the best Lori. Happy New Year !!
That is the most real and honest explanation on pricing art from anything I have seen on line. Your a wonderful and humorous lady, how you represent your self is an example for all fellow artists. I enjoy your channel and style, but it is your honesty that really made me sub you. Look forward to listening and watching you again.
Oh my gosh....thank you so much. I truly appreciate that. 🥰
I had to laugh, because I am a virgo and I recognise the perfectionism! :D And the chaos... Thank you for this video! I'm getting questions for doing commisions and I find it very hard to put a price on them.
hahaha I bit obvious right lol....I price my commissions that same as all my other pieces.
I'm the same Sun sign you're very fortunate you can even consider doing a commission. Lol. I would run a mile
Thank you so much for this! I feel the same way about this about needing a definite amount and wanting a price for all the same size. I am definitely switching my plan to be per square inch.
You are so welcome Jennifer, and happy you found this helpful 😊
You are so generous and share such great information Lori. Thank you! :)
You are so welcome and glad you enjoyed Nikol.
Thank you for doing this video, it is so helpful as a beginner artist just setting out. Much love xxx
I'm so glad you found this helpful 😊🥰
Wonderful, inspiring and supremely informative. Thank you for taking the time.
This was so helpful and really laid it all out there in an easy to understand way. Such a great video! --- PS- love the new rockin' hair!
Glad it was helpful! and yessss so happy the covid hair is finally gone. 😂
Thank you, Lori! You validated what I've been doing. Yay!
You are so welcome Karen 🥰🥰🥰🥰
Love your new haircut! Thanks so much for your advice and wisdom!
You are so welcome! and thank you finally got rid of my covid hair 😂
Hey lady, I have just found you. You have inspired my and I thank you. For the first time I feel like I may have a way to show (and see) if I have something worthwhile people may actually want, other than friends and family lol! I have been struggling with my inspiration directly related to “how to sell my silk art without practically giving it away at craft markets”! I shall follow your advice, with the painful, patience-trying social media’s, stop procrastinating and
get to work!
Thanks so much for another awesome and helpful video, Lori!!! Love your common sense always!!! ☺️☺️☺️
Thanks so much Nancy ❤️❤️❤️
I really love the way you talk through what you do and why you do it. Thank you for this very informative video.
You are so welcome!
Such good content Lori, as always! And from one Virgo to another...I TOTALLY understand what you're saying here ;-)
hahaha thanks Laureen. Virgo sisters🥰🥰🥰
This is beyond helpful Lori - thank you so much xxx
I have a patron, other than what he buys I keep all my stuff in the house. Goodness knows what my son is going to do with it all when I finally expire! Oh, and I give lots away as well.
Oh that's interesting.
My new favourite channel! Thank you for all of these fabulous videos!
Wow, thank you!
WOW! I must have needed to find your channel today. I'm going back to teaching this time for pay the previous 3 years were volunteer. I don't ever find things by accident. Thank you for the inspiration.
Oh Gosh Mary I love that!!!! never by accident...❤️❤️
Thank you so much for sharing your experience and great insights, they're so helpful.
You are so welcome!
So helpful!!! This has always been difficult to work out and you have made it so much easier! Just found your site and totally enjoying - watching from New Zealand
You're so welcome! And hello New Zealand🥰
That is the best way I've heard to figure a price! Thank you so very much for taking the time to make this video.
Yay I’m so glad it helped!!
Thanks for taking the time to make this video. Very useful info!
Glad you enjoyed it!
Awesome stuff, thanks Lori. You have a wonderful, open and honest style of presenting :-)
You are so welcome! Thanks James I appreciate that.
Thank you for your great advice. Most helpful. ❤️
The square inch method works only if you paint more or less same sizes. If you offer different size ranges, this method will not do justice to your smaller work. For a miniature of let's say 8x8in you would charge just 32 bucks. Not every smaller work is done faster than a bigger canvas. So, you won't be willing to use this square inch method. Way more consistent and with a lesser spread is using the perimeter (or just length+width) and a multiplier (factor), which you adjust as your prices grow. For example, your 30x30in x factor 7,5 = 450 USD, and a 8x8in painting with the factor 7,5 would cost (8+8)x7,5= 120 USD, which is a more coherent and consistent way to reflect your sizes.
My price per inch for smaller pieces is higher...you are absolutely correct that keeping it consistent doesn't translate. I forgot to mention that in the video. and........then ready the rest of your message my eyes glazed over with the math 🥰😊😂😂😂
@@lorimirabelliabstractartist loooool at the last sentence. There I was saying I'm a virgo and perfectionist too but I refuse to believe in this astrology nonsense and then you respond exactly as I would to the math haha!
This was great! Thank you. The best on pricing I've seen.
You're welcome and thank you so much 🥰🥰
REally enjoying your videos and all you have to share!
Glad you enjoy it!
Thank you for this. Good solid advice.
I did a time management experiment thought I would approach it like I would in my past "jobs" worked out my hourly rate $200 cool lol. I've taken to looking at the canvas sizes and going right this is going to be priced at xyz dollars. I'm doing some paid advertising so factor that in as well materials etc just like I would in any other business so glad you talk about this.
Yeah pricing art appropriately can be a challenge.
Great content - thank you for posting - I appreciate the time and effort it takes to do so. (as well as the time and effort it takes to gain the information you have posted!)
Great video, very helpful, I am just starting out, I have the website, and I am painting, painting, painting, I just love it, thank you for taking the time to make the videos.
Wonderful! I'm so happy to hear this. 😊😊😊
You are so sweet and thank you so much gotta the tips. Ps. Glad you didn’t cut some things that others would have. It makes me feel like your a real person that does something I would do
You are so welcome! yes I make boo boos all the time lol
An exceptionally helpful video - thank you so much for sharing.
Lori thanks for this video and I wish you much success for everything you are doing. My profession is I am a semi retired accountant and tax professional with 45+ years of experience and hopefully soon will retire and do abstract acrylic pouring art. It sure is much satisfying doing art instead of taxes and accounting. I agree 100% with you in regards to the square inch method and put a dollar amount to it. Figuring products used and etc is so time consuming and also researching like you said what other artists is doing is a great price method to come up with and a very easy way to calculate.
Hi ! I'm soooo glad that I found you. Such a genuine soul.
aww thank you very much.
Such an honest presentation. I can feel your passion from your words. Thank you so much for inspiring us Lori♥️
You are so welcome
I have been doing a deep dive on how to price my art and I am with you in regards to pricing based on cost of supplies and paying yourself an hrly wage. Ain't Nobody Got Time for That! The hrs you work as you stated vary and how much gesso and 🎨 paint you put on a canvas can vary. I literally just tried to do this calculation for some paintings and my head was going to explode 🤯. To your statements in the beginning this fellow ♍ says same here girl same here! Thanks for an informative video.
Thank you for this wonderful advice.
Super helpful as always Lori! Great haircut! xx
So glad!! And thank you I was so happy to finally chop off my covid hair 😂
You're absolutely amazing! I really appreciate your insight. Keep up the great work!
I appreciate that!
I want to add that if you are curious you can always keep a journal, it could be as simple as a grocery bag and marker in your work space, list the project(s) you are working on and write down the hours or minutes you gave to that project from designing to shopping for paint. It doesn't have to be perfect but it gives you and idea of the time you have put into a piece of art. It doesn't have to affect your pricing but artists after they have finished are like women who have given birth, they get amnesia about the 9 months of growing a human and the hours and pain spent in labor, all they can see is the product of that work, nothing else. With a baby its unconditional, love. With a painting not always, and not so much. We sometimes have in inner critic who takes over and we can devalue that work. Reminding yourself about how much you put into creating sometimes helps keep you from undervaluing what you have made. Just a thought.
Thank you for this vid! Clears up a lot of questions. The pricing issue was what got me out of selling my art in 1990. A dispute with a gallery owner ended really badly and slowed the demand for my art. I ended up leaving the art market altogether and moving into the corporate Telecom world. So nice to see your inspiring works and your brutal honesty. Keep going!
Ugh so sorry to hear about your negative experience. Maybe one day you will find your way back 😊 and thank you so much🥰
Very helpful! Thank you for sharing your wisdom!! 🧡
Glad it was helpful!
I really appreciate the information you shared about pricing and about the things you have to have behind you in order to fairly price your art I really appreciate it
so glad you found the video helpful ❤️
Awesome video Lori and very informative! Thank you! 🙏👍👌
Thanks Jeffrey😊
You have been incredible Lori, thank you. This insight definitely helps big time. Im also just starting out on this journey and need all the real advise I can get. TAG! You're it hahaha thank you, love your channel X
You are so welcome Sandy!!! I wish you all the best on your Art journey!
Thank you so much for this video this what I have struggled with for years
Glad it helped!
Thank you for sharing - its very interesting to do research and somehow find a way to find out what to do and how. Very inspiring.
Glad you enjoyed it Lis...Yes researching things is sooooo helpful😊
Wow. Thank you. You have made it all make sense. Awesome. Thank you. xxxx
You are so welcome
That was a really good video. Much more helpful than I was expecting even and I already price per inch. Still very helpful.
Awwww thanks Eve that's great to hear!
Thank you so much for your orientation 🙏🏼
Extremely helpful!
Great advice and such helpful information to us artists. Thank you for creating these videos Lori 🙏❤
You are so welcome! glad you stayed up to watch Thank you lol
@@lorimirabelliabstractartist its the least I can do. These videos are so valuable, as are you. Thank you
@@paulamarieart awwwww
I can't imagine anyone trying to figure out if they used half a jar of this or two ounces of that PLUS subtracting the 45 minutes of staring at the canvas while tears rolled down your face to figure out a price of the painting!! Per Square Inch ALWAYS and FOREVER. Makes an artist's life so much easier.👍
Great advise as always. Thank you for sharing. 🙏🏽🤗💖💖💖
You are so welcome
I absolutely love your videos! Thank you!!
thank you so much !!!
Awesome video, great advice. Really appreciate your videos, real, honest quality, great advice for aspiring artists! I realized I fall into the quality of a Virgo. Still doing my research, building my body of work. Opened my eyes to the business part of art, having an end goal, plan.
That's Great Daphne. It's so goal to have the plan and to set goals. I wish you all the best on your journey. 🥰
Really helpful. I was going to start high and lower the price if they didn’t sell, now I’m going to take your advice and start lower. Thanks :)
You're right, I don't want to over price and then hurt sales so it's been an issue at times for me. Always good information. I appreciate you sharing what works for you.
Exactly it’s important to keep moving forward. And my pleasure. 😊
AGAIN... you have provided valuable information. Thanks You!
wonderful to hear thanks so much
I am a Leo and I have the same challenges! I have been an artist. for 70 years and stumble over selling my work..simple is best!!!!
Great realistic info and I’m sure most of us wrestle with these issues...thank you.
Very welcome and thanks for watching.
Thank you for such wonderful information 🥰
I totally get you. I am virgo too and you really hit the nail on the head. I love it.
😂😂😂😂 happy virgo birthday to you.
@@lorimirabelliabstractartist Thank you and to you to my friend. I'm the 1st and born right on Labor Day....sooooo it only falls on that day every 4 yrs. So my angle is I only age every four yrs. Im sticking with that loop hole. lol
Totally a Virgo and totally agree with you about being a Virgo. Excellent practical info on pricing art Lori. I once tried to calculate my cost of supplies and it made my brain melt. It hurts a little just thinking about it. Thanks for the great video.
hahaha right?!!! 😂 makes no sense lol
Thanks for all the wonderful info.
Your hair looks great btw!!! 😃
You are so welcome! awww thank you 😊
Great advice. I use the same philosophy. Love your channel
Awesome! Thank you Cheryl😊😊😊
Your tips and tricks are very informative and helpful. Thank you for sharing.
You are so welcome!
So helpful thank you!❤
Fantastic video thank you. The square inch method sounds so simple. That said, think you need to raise yours because your work is out of this world. Cheers, Deb (NZ)
I like simple lol and thanks Deb ❤️❤️❤️
I have watched two of your videos, and appreciate your candor and nervousness!
Being an musician and an artist I'll admit this whole online "pair of dimes" is a bit confusing.
Self promotion can be a bit challenging. You lay out solid steps, thank you.
Awwww Thanks Craig I appreciate that..I hope the steps help.
Fantastic advice. New sub. So happy I found your channel 😉
So much great info . And wisdom . Thankyou
You are so welcome and glad you enjoyed it Deborah.
Thank you Lori for the advice!!
You are so welcome!
Thank you Lori, you are the best!
You are so welcome!
Hi Lori, I am so glad you made this video. I went to a "painting holiday" many years ago. It was presented by a wonderful artist Dale Elliott and his family. He was an Attorney and then switched over to a full time artist. He was very business wise and I needed to learn that side of being an artist. That was the best move I ever made....and it was just as you explained now....That of coarse also helps buyers see you are constant and know what you are doing, love your videos..(and I am a wildlife artist, not abstract minded at all)🤣😊♥️
That's that so cool. Sounded like a great informative creative holiday🥰 Yes its important to look like you know what you are doing haha.
Wonderful that you are a wildlife artist 😊
Thank you! Genius advice. Never thought about pricing per square foot.
Glad it was helpful! "per square inch"
@@lorimirabelliabstractartist Haha! Yes, inch not foot. Goodness.
Thank you. Very helpful.
thank you, you are inspirational and tell it as it is so that I can understand this puzzle that is pricing.
So happy you found this helpful.
Thank you Lori for your advice.
You are so welcome
I appreciate this so much! I just upped my dollar amount to a buck, amd was just commissioned for an 18 x 24 inch painting yesterday . This video helped me out a lot and all of your advice has been pretty good 😊. Thanks for keeping it real!
That is awesome! Congrats you are on your way!
That piece behind you is stunning i love it.
Thank you so much!
Thanks Lori! That was so helpful as I am now building my “body of work”...and you were the one, who just by saying “you need to have a body of work” has really gotten a fire going under my “beehind.” Yes, I’ve got things I can sell, but not enough...plus I’m going to be redoing/renaming my website. So pricing is something that I’m gonna be facing soon. I really appreciate the practical advice. Take care.👍🤩
You are so welcome Nancy!!! Sounds like you are on the right path!
very helpful as always! thankyou - also off topic but your hair is looking awesome!!!
Oh thank you!🥰🥰
Thank you so much Lori! I am enjoying your info and videos. I am Fat Daddy lines & Designs, Pinstriper/cartoon artist in the hot rod and biker world. I have been in business for almost 30 years and I love learning and watching my fellow artists careers grow! Please keep bringing these things forward, it helps the artist community and helps us keep the value of our work where it should be. I love your passion for the arts! God bless, all my best, Mark...Fat Daddy
oh wow that's sooo cool and I love your business name. Thank you so much. Art is such an important part of my life and I love sharing with the art community. 🥰This has been a wonderful journey and I'm so grateful for it.
Thank you soooo much for your helpful video. It was super helpful.
Be well and stay safe 🙏 ❤
Glad it was helpful!
I am going to start on line with etsy. At 75 I don’t want to do shows. Your recommendation for for pricing by square inch is great. Another great point is not to price yourself out of the market and then trying a fire sale which will negatively hurt the people who bought from you at your original price. Your current prices are much higher than the 50 cent per inch. You obviously have earned that price point. Great advice.
oh that's great good for you!. Yes after years of selling and now gallery represented i was able to over time raise my prices.