How Do You Price a Drawing?

Pricing Formulas for Artwork

  • Use your basic hourly rate to begin with.
  • Add the cost of materials.
  • Pay yourself a reasonable hourly wage.
  • Prices for a highly realistic drawing start at $400.
  • Prices for a semi realistic drawing start at $250.
  • If a piece took 10 hours, aim for $15 per hour, materials cost $45, start at $195.

Commission Pricing Guidelines

  • Calculate the time it would take.
  • Value time as an artist.
  • Set raw price accordingly.

Artwork Pricing Considerations

  • Pick a pricing formula applicable to all artworks.

  • Charge by time or time and materials.

  • Price difference between mediums is not significant over time.

  • Time taken may vary.

  • Emerging artists offer affordable rates.

  • Established artists charge higher rates.

  • Determine your rate as an artist.

  • Width multiplied by length gives size in square inches.

  • Double framing and materials cost; add to get retail price.

  • Example calculation for determining retail price.

Additional Art Pricing Tips

  • Get critiques for improvement.
  • Consider market demand, skill level, and experience in pricing.
  • Use formulas to guide pricing and attract buyers.

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