We recently talked with Caroline Haag about her pricing process.  She had a few simple options that we thought we'd share. 

1- 3*{hourly rate (hours worked) + supply costs} = price of artwork. 
EXAMPLE
$25/hr x 20 hours worked (500) + supplies ($100) = $600 * 3 =  

 

 

Depending upon the the style of the artist or amount of time the artist has been making art, there are two very simple starting points  for pricing artwork, especially paintings.
1.) 3 *{hourly rate (hours worked) + supply costs}= cost of artwork
I think this formula is especially helpful for newer artists that are more interested in selling works at a lower price point or artists that work in a style that requires less design and more time consuming, tedious work.


1.) 3* {$25 per hour (80 hours worked)} + $200 supply costs= $6,600

     3* {$30 per hour (20 hours worked)} + $50= $1,950

2.) $1,000 design fee + 3* {$25 per hour (80 hours worked)} + $200 supply costs= $7,600