PRICING
PAINTINGS
Unlike items in
our weekly shopping trolley, paintings are luxury items. Most of us
’fall in love’ with a picture or something about it is interesting and
it strikes a chord within us. We buy it to look at, and to display in
our homes. A painting is a statement of personal taste.
The
Decision to Buy
However most purchasers
of pictures still apply their usual shopping skills. They are more likely
to buy in a pleasant, friendly environment. They carefully examine the
quality and workmanship of the item, together with the reputation and
popularity of the artist. Wanting to get the best value for money, they
also compare the prices of similar pictures.
The
Shopping Environment
Our art society
has made huge efforts to create a professional, congenial environment
for our Summer Exhibitions, and public expectations have risen as a
result. When we are ‘sitting-in’ the more attentive and welcoming we
are, the more likely we are to sell paintings. Quality We artists are
responsible for the quality of our materials and for framing, which
is very important. Nothing says “I am cheap, I am tasteless!” as much
as a picture with a very narrow mount in an inadequate frame. We could
take a lesson from large shops, such as John Lewis and many art galleries,
where the frame may actually cost more than the contents.
Value
for Money
Our visitors look at the
prices of our paintings on display and compare prices. The cheapest
painting selling at no profit to the artist, makes all the other paintings
then look ’dear’. Our society charges little commission, whereas some
galleries charge 41% commission including V.A.T. When speaking at this
year’s A.G.M., our Chairman urged members to value each painting as
a unique work of art and if in doubt what to charge when exhibiting
at the Summer Exhibition, to ask an experienced member for advice.
IDEAS
FOR CALCULATING THE SELLING PRICE
1.
Final price to be treble the cost of the mount and frame. [Member’s
Suggestion]
2.
Add up all your costs and expenses (e.g. all materials used, travel
costs, cost of mount, backing, framing, hanging fees), then add on 10p
per square inch. [“Painting For Your Living” Book]
3.
Add up all costs and expenses, then add on £5 for every hour. [The UK
Minimum wage will be £5.05 in October 2005]
4.
Calculate 20p per sq. cm. and then adjust price according to the overall
quality of the painting. [Simon Francis, Birmingham artist] N.B. Long-lasting
oil and acrylic paintings usually cost at least 30% more than watercolour
paintings of the same size.
Finally, the Committee would
love to hear your suggestions on how we can assist members to price
paintings.
Di Alexander T.A.S. Editor