Paint Basket Art Forum

Selling your Paintings => Selling your Paintings => Topic started by: patindaytona on September 16, 2011, 04:08:15 PM

Title: Selling
Post by: patindaytona on September 16, 2011, 04:08:15 PM
One of my wife's friends is kind of interested in buying this one. I have never sold a painting before. Tell you the truth, I really don't want to sell them! I don't know what you might think of that. It's just that I can't really think of a monetary value on the time and frustration of doing them. And I know I'm not making a fortune off of any if I do sell them. That money will be good for a tank full of gas and that's about it. This is an 11 x 14 I think...not that big. IF....i decide to sell it, I could always attempt to do another one, but bigger (and better).
Any ideas on a price for something that size? (US dollars) By the way, my wife is good at bargaining...I do not like doing that.
Title: Re: Selling
Post by: patindaytona on September 16, 2011, 06:27:49 PM
This put me in the abstract mood. I just did up two abstracts besides this one on my computer. Now, I just have to paint them. Purely shapes like this one is.
Title: Re: Selling
Post by: Val on September 16, 2011, 09:36:28 PM
 :clap: Thats great Pat, if you sell a few you'll have space for more new ones.
How to set a price is difficult. Lots to take in to consideration...time, materials, size, level of difficulty..... I've thought about it and well, I'm still scratching my head over that one.  :cost:  :confused:
Perhaps Dennis or Nolan can help figure this one out. Have any of you guys out there ever sold your paintings? How did you arrive at a price? Is there a formula you can use?  :help:
Title: Re: Selling
Post by: patindaytona on September 16, 2011, 09:37:45 PM
Good questions Val. I know you don't want to put a price on it based on your personal opinion. I can understand that. What if I told the lady I cursed throughout the whole piece. Will that raise the price on it :D
Really..I need to know soon and have no idea.
Title: Re: Selling
Post by: Val on September 16, 2011, 09:52:18 PM
Pat.. just remembered if you look on the main forum page about halfway down I think, there is a section on selling your paintings. Have you looked in there? Don't remember what is in there but might be something you can try.
Title: Re: Selling
Post by: nolan on September 16, 2011, 10:14:50 PM
HERE  (http://www.paintbasket.com/members/index.php/topic,90.0.html)is the thread you are looking for Pat
Title: Re: Selling
Post by: patindaytona on September 16, 2011, 11:45:50 PM
Very interestiong topic on selling Dennis. What caught my eye was that you do many 2 hour paintings. You also said to go slow and the speed will pick up with experience. This is mainly why I get frustrated and end up rushing..because i'm in a hurry to get it done. So, does this mean with time....I can do alot of very good paintings in 2-5 hours time?
That would be great!  I'm still not sure about what I should charge this lady. A friend of mine who sells alot of paintings in a local gallery (not serious painterly work, but quick little paintings for tourists)...sells them for alot! Not sure, but it's like $100 for one  8x 10 inch..something like that. And he sells alot. Anyway..he suggested $150 to sell my little  11 x 14 abstract, and if i really want to get rid of it, then sell for $100. Well, I'm way too embarrased to sell for that amount (ask).  I might ask for $65 possibly. My wife does all the negotiating with people..so she'll tell her (she's a friend of my wife anyways).
Title: Re: Selling
Post by: patindaytona on September 16, 2011, 11:47:13 PM
Thanks Val....you know what..I'm already starting a new one of that same abstract painting, but alot bigger (16 x20).  I already taped it off and painted in the black background. Going slow though..I'm preparing for that tutorial on Tuesday..don't want too much on my hands.
Title: Re: Selling
Post by: thegrindre on September 16, 2011, 11:51:31 PM
Here's a formula I've always used when someone wanted to buy my 'art' I didn't really want to sell.
What's it worth to me? It's not for sale but if I was to get 'X' amount of dollars, I'd let it go.
The 'X' amount is usually pretty high and would be something I would like to receive.

Now, that item looks to be worth at least a $1,000 to me, Pat...

That's my formula for selling 'keepers'.
Title: Re: Selling
Post by: patindaytona on September 17, 2011, 12:24:45 AM
1000 dollars? She's probably have a good laugh if I told her that. I really don't like to part with my paintings, because I keep thinking, "what if i decide to stop painting"? I hope I don't, but that's why I want to keep all of them for now. It wasn't one of my really hard one's to paint, so that's why I'm starting a new one of it already. And also why I think I can sell it, but it's hard to know what another person's idea of what it's worth is to them. It may surprise them because of how MUCH or how LITTLE I sell it for. That's usually what happens with art. But that's due to what the person's own opinion of it's price is. I may part with it for $65 if she wants it.
Title: Re: Selling
Post by: thegrindre on September 17, 2011, 01:44:00 AM
Ha, if you really want to keep it, try a 95 dollar price tag. If it sells, you'll both be happy. If not, you'll at least have established somewhat of a price range for any future paintings.

(It still looks like a $1,000 painting to me...  ;) )

Those are my thoughts...  ;)
Title: Re: Selling
Post by: Val on September 17, 2011, 09:54:04 AM
Pat, the worst thing you can do is undersell yourself. I have two wonderful friends who both paint. One is a bit unsure of herself and tends to sell her paintings for average $40.  Much too low for her work (I have 2 but insisted on paying her a bit more). The other sells prints of her paintings for $35-50 (8x10) and her paintings for an average of $350 +

$100 is not overly high when you consider all of your time, materials etc.  I think its a good place to start, if your friend thinks its too high ask her what she considers fair. At least you'll have a starting point.
Title: Re: Selling
Post by: patindaytona on September 17, 2011, 01:22:32 PM
Thanks Val and thegrinde. I absolutely don't like asking for prices on anything I sell. My wife is good at that with people. I cringe just thinking that SHE will ask that amount for it! The lady who wants it might think "this guy is rediculous thinking he can get that much money for his paintings...he probably thinks he's a genius or something". That's why I dare not ask face to face. I do agree though Val, that alot of time was in it (fair amount) and all that aside, you still have to consider that any original piece of art if worth a decent amount of money. I'll get back with you all on what ever happens....
Title: Re: Selling
Post by: Val on September 17, 2011, 07:08:24 PM
I'll be pulling for you... crossed my fingers and toes.  :D  :gl2:
Title: Re: Selling
Post by: patindaytona on September 17, 2011, 07:35:19 PM
I feel embarrased to even ask the 65 dollars. You're probably right about prices though Val. But to somebody who doesn't know a thing about art (and even doesn't ever buy art) has no idea and to them, I can understand these seem like rediculous prices to them. That's why it's embarrasing to ask something like that....but then again......my wife has no shame about asking. She's from the Philippines and they bargain like crazy over there. Doesn't bother her one bit.
Title: Re: Selling
Post by: thegrindre on September 17, 2011, 08:13:04 PM
Tell your wife to shoot for $295...  ;)
Title: Re: Selling
Post by: Kelley on September 18, 2011, 07:06:27 AM
Pat, I felt the same way about my paintings.  I didn't know how much to sell for.  I ended selling my first for a "donation" for $50.  With that, I felt more comfortable selling the next for $100 then the third for the same.  The first $150 went to an orphanage in Haiti, but the next to help replenish my art supplies.  I could have asked for less, but the gentleman who purchased them wanted to help the cause.  As it turns out, the paintings he framed look fabulous in his home and he is very happy with them.  I am normally very modest about such things, but I have to say it felt good to see my labor being enjoyed and appreciated by someone else. 

Pat, I don't doubt your work could sell for $1000 framed, but you could strike a deal with the buyer if you want to network.  If it's just one then you could probably name your price.
Title: Re: Selling
Post by: Val on September 18, 2011, 10:50:09 AM
I think its pretty much unanimous on this end Pat... the absolute minimum should be not less than $100. Try $200 after all, that is what negotiation is all about. From than on you can feel more comfortable about setting your price. I think Kelley is right on that front.   :nono: Don't undersell yourself Pat, you are an exceptionally gifted artist...got any ceilings need painting?  :whistle:
Title: Re: Selling
Post by: patindaytona on September 18, 2011, 12:23:06 PM
.........I will have to wait till the lady contacts me again on this. Might not even be till we see her in person sometime, which could be a while. Maybe by then, she might change her mind and not even mention the painting again. I still think she'll flip when she hears a price like that.
Title: Re: Selling
Post by: EllaNZ on September 18, 2011, 11:52:30 PM
Pat, back in the good old days I bought a lovely dress for about $45. I felt so guilty for spending the $ but when my other half asked me  :knuppel2: what did you pay for it, I said $100. He nearly got a heart attack and to save his life I said I'm only kidding  :angel: , I paid $50  :2funny: He sat down and said oh that is ok but, ... and started the lecture.  So do feel free to put a high price on it and then negotiate. You have put all the hard work in it  :tickedoff: why should we feel guilty at all?  ;)
Title: Re: Selling
Post by: Val on September 19, 2011, 12:26:51 AM
 O0   :clap:
Title: Re: Selling
Post by: smokie55 on September 19, 2011, 04:54:25 PM
I think this is an interesting topic.  The main reason is selling something you have done for hobby or fun can be a hard thing to do. At least pricing it can be. However, think of this. You will probably paint a lot of different paintings over time. If you saved them all, they would not get shared with others. When someone buys your work and hangs it up. they are spreading your creativity with the world. I look at my work as stages on a journey. Once I have the idea, and put it into practice and place it on a surface. That part of the journey ends for me. I move on. I look for new challenges and test myself with a new idea. If someone were to want to keep my work and share it, they have to remember that this is the only one like it. Not a mass produce print. So it won't be seen all over the place. To say you are unsure of your quality or skill in pricing a piece, I can understand that too. I am my worst critic. My work looks goofy to me sometimes and worthless. But as Dennis said. To others they are flawless works of art. I think others are right on with the range. 150-200 is absolutely fair for both parties. When the day comes that you can't keep paintings around for more than a few moments. then you need to raise the price. This will make you happy and will make other collectors of your art happy as well. This means you are getting better and getting a following.

Now if you do this solely to easy your mind and have fun. Then re-coupe your cost and move on. Not my suggestion, but it helps keep the cost down. I would like to work toward building a nice little studio and teach others to enjoy painting. That cost money. Money I might could get by selling some works. I hope this helps you out. BTW. I would price any commissioned paintings 50% higher. I feel the expectations are higher and it seems more like work than fun at that point. Just my most humble opinion.

Your work does have value and you deserve to sell it if someone wants it. Don't sell your talents short.
Title: Re: Selling
Post by: Val on September 19, 2011, 07:12:02 PM
Your work does have value and you deserve to sell it if someone wants it. Don't sell your talents short.
:yippee:  :clap:
Title: Re: Selling
Post by: patindaytona on September 19, 2011, 10:00:51 PM
..haven't heard from her, but I'm expecting that so far. She's my wife's friend and not a close friend. So, it may be a while before we see her. By then, she might change her mind, i don't know. I told my wife about your guys' opinions on prices and my wife sort of made a funny face (too high). I just don't know! Smokie, I read your ideas. Sure, I agree with you (why not....that's alot of money :D    But again, it's my feelings....these "outsider" people don't have a clue about prices and art. I suppose that's not the point though. I just don't want to feel like I'm being pig headed when she responds to such a high price. Now, if i was to sell on the internet..I wouldn't care. Just don't want to face someone's reaction in person. And...I might not have too, but then I might..I'll have to wait and see. Probably will, since we don't see her unless me and wife are together every time. I'm kind of stuck. I wish my wife would see and ask her without me around. My feeling aren't going to change on this matter.....as you can see.  :whistle:
Title: Re: Selling
Post by: Val on September 20, 2011, 12:23:23 PM
Pat I had a business for over 25yrs. and as much as I hate to say it, some 'friends' and aquaintances thought that if they knew me or Lloyd, that meant they were entitled to get what they wanted at a 'give-away' price. This is the difficult part, friends are one thing...business is another. Sometimes they need to be reminded that you are not Father Christmas! (SantaClaus)
Title: Re: Selling
Post by: patindaytona on September 20, 2011, 12:40:48 PM
Val, that makes alot of sense. I can understand your position there.
Title: Re: Selling
Post by: Kelley on September 20, 2011, 02:24:50 PM
Val, I was afraid to say it, but you've nailed it - I couldn't have put it better.
Title: Re: Selling
Post by: nolan on September 23, 2011, 12:44:17 AM
100% correct. Our family know they don't get a discount because they are family. We have a business to run and have bills to pay, so no charity from us. The same works the other way around, we pay full price by them too.

Back to pricing your paintings : The problem I have with the pricing of art is that amateur / hobby artists tend to sell their art way too cheap as they usually only want to recoup their costs / get enough money to buy the next canvas. This makes life very difficult for professional artists who depend on a decent price for their paintings. The professional artist has priced his painting based on his expenses and living costs plus a profit, just like any business would. But the man on the street (customer) sees one painting selling for peanuts and another selling for it's normal price and thinks that the regular priced painting is selling too expensively.

So here is my advice : If you are a hobby artist and you are pricing your paintings too cheaply, you are not only throwing your own money away, but also destroying the market for the professional artists. It is important to think of the bigger picture as well. If you have created a work of art that is comparable to something you will find in a gallery, then you are fully entitled to sell it at that price because that is what it is worth, regardless of whether you need the money or not.

Think of it this way : If you want to sell your old iPhone so you can go and buy the new model, what will you price it at? You will probably go to Amazon or look in the newspaper to see what other people are selling their second hand iPhones for and then charge a similar price because that is what it is worth, regardless of whether you need that money or not. You won't feel bad about asking the same price will you?

So why sell your paintings for $50 when they are worth $300? Why feel bad asking the normal price for your painting, it just doesn't make sense  :-\
Title: Re: Selling
Post by: Val on September 23, 2011, 12:54:00 AM
 :clap:  :clap:  :clap:  :clap:  Exactly.
Title: Re: Selling
Post by: Travis on September 23, 2011, 02:54:17 AM
I agree with Nolan about how to price your paintings and about giving away your art work to family and friends for pretty much nothing. I also got to say that I was in the same place a few years back I didn't like to ask for to much and was just about giving them away and I would be like darn why did I just do that when I should have asked for more and I wasn't happy with that but I was always to afraid to ask for the price I wanted for my time and paint because I didn't want that person to say will thats to high a price and walk away from the painting they wanted and then maybe other people wouldn't want to buy my art because of the high price, so i was thinking to myself after asking other artist and even people that are not artist what should I do? and how gmuch is my art really worth and I just came up with a plan for my time and paint cost and now I tell people that wants a painting done  ok sure this is what I charge per hour or whatever and this size painting will cost you around such and such a price depending on the size and detail of the work, and to my surprise I haven't had one person turn away and I keep getting new people asking about my art and getting paintings done. I found this to be working good for me and the buyer of my art work.


have a great day

Travis.
Title: Re: Selling
Post by: thegrindre on September 23, 2011, 03:55:33 AM
Again, I totally agree with everybody. Don't sell yourself short! Charge for your time and effort and supplies...  ;)
Title: Re: Selling
Post by: Kelley on September 23, 2011, 04:45:56 AM
Nolan, this causes me to consider grade of the material I am working with.  As obvious as it is, I wouldn't expect anyone to pay $200 for a painting on cardboard. My point (at least for myself) is that I need to invest in higher quality paints and canvases if my intentions are to sell.
Title: Re: Selling
Post by: nolan on September 23, 2011, 09:20:43 PM
very important point Kelley. If you want to sell, it's vital that you use good quality materials as you want the product to last. The cost of materials compared to the price you can get for your paintings is minimal. The customer is paying for your time and expertise more than the actual materials.

Going back to the iPhone example - the cost of materials is maybe $60 - $100, but you pay $1000 for the phone. You aren't paying for the materials, you are paying for the underlying technology, pleasure of using the product and the name. Hmmm, sound like art to me  O0
Title: Re: Selling
Post by: patindaytona on September 25, 2011, 03:15:09 PM
Good point Nolan. I sometimes (not often) will purchase a pretty expensive hardboard made for painting. Can't recall the price right now, but it's extra thick and heavy and has it's own cut out in back made for hanging "as is" if you want.
Title: Re: Selling
Post by: nolan on September 25, 2011, 07:07:39 PM
Like to see a photo of that if possible Pat, don't think I have seen a board like that before
Title: Re: Selling
Post by: patindaytona on September 26, 2011, 07:30:31 PM
Nolan, I don't know how everyone's finding these topics (selling,etc). I once in a while just go to where you forwarded the location to me in a PM.  Other than that, what is the hierachy to get to this? Here's the board I ordered. I haven't used it of course as you see, just waiting for maybe the next one we do.
Title: Re: Selling
Post by: thegrindre on September 26, 2011, 07:44:50 PM
Pat, right next to the REPLY button at the bottom of every thread, there is a ADD BOOKMARK button. If you click it, it will add it to your My Bookmarks at the top of the forums. Not to your browser. You will be able to find any post you want if you've bookmarked it.
Is that what you wanted to know?
Title: Re: Selling
Post by: patindaytona on September 26, 2011, 09:08:05 PM
ohhh yea thegrinde...that sounds great. Thanks.
Title: Re: Selling
Post by: thegrindre on September 26, 2011, 09:15:44 PM
Sure, Pat. No problem.
That's how I do it to keep track of all the 'important' threads I want to follow on a regular basis.

You're  :welcome: ...
Title: Re: Selling
Post by: nolan on September 27, 2011, 12:13:34 AM
I use the bookmarks and then also when I visit the forum, I use the "Show unread posts since last visit" feature to get to the threads that have new posts in.
Title: Re: Selling
Post by: nolan on September 27, 2011, 12:38:37 AM
or you could just make a yourself a twig (http://makingamark.blogspot.com/2011/09/threadneedle-prize-making-mark-select.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MakingAMark+%28Making+a+Mark%29) and sell it for GBP 4600  :crazy2:
Title: Re: Selling
Post by: Kelley on September 27, 2011, 03:59:34 AM
Whoa  :o Did she "make" that twig?  That is  :uglystupid2:
Title: Re: Selling
Post by: patindaytona on October 07, 2011, 06:36:40 PM
Wellll..........their's my post of the board pics I was looking for a long time..didn't know where I had posted them.

I was visiting the Etsy site and the prices on the paintings there are very very cheap like $50 and they are pretty good too! So now I'm confused about prices.
Title: Re: Selling
Post by: DrawNPaint on October 18, 2011, 04:37:12 PM
Enjoyed everyones thoughts on selling in this topic. I just joined a gallery and was pondering this in my mind over and over again. After considering everyones suggests I reasoned to keep my prices comparable to the other artist's in my area. Maybe start a little bit lower and see what happens. Like, test the waters to see how many people like my artworks.

Nolan, thank you for the information in Pricing your Paintings topic.

http://www.paintbasket.com/members/index.php/topic,90.0.html (http://www.paintbasket.com/members/index.php/topic,90.0.html)
Title: Re: Selling
Post by: nolan on October 18, 2011, 07:51:05 PM
 :gl: with your new venture at the gallery Lloyd
Title: Re: Selling
Post by: Val on October 18, 2011, 11:03:39 PM
Congratulations Lloyd, I'm sure you'll do well.  :congrats:
Title: Re: Selling
Post by: DrawNPaint on October 19, 2011, 11:40:26 PM
I thank everyone for the kind words  :) but not till after some artworks are sold will I feel comfortable.  :-\ It's an all new world, like uncharted territory, have to get my feet wet up to my eyeballs before everything settles down. Heck, that means I have to drink less coffee. Maybe I should take notes and write of my experience so that others contemplating this can get a birds eye view of somethings to look for?  ???
Title: Re: Selling
Post by: Val on October 20, 2011, 09:31:50 AM
I'm sure that would be much appreciated.  O0
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