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Crazy art math?


foraker

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Is there some sort of bizarre non-linear formula for how photographic

prints get priced in galleries? I was with my wife in a gallery this

morning and was appalled to find color photos no better than your

average goober on vacation might take priced at $350 -

$500....nothing bigger than 8x10.....

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Matthew,

Art is in the eye of the beholder. But deep down, you know that already. As far as pricing is concerned, market value is just that, what the consumer is willing to pay. And you know the old saying, if it's not expensive, then it can't be good. As sarcastic as that might sound, it's a prevelent thought going through the heads of many consumers. Go ahead and give it a shot. Raise your prices and test the limits, I'll bet you'll be surprised what people are willing to pay, as long as your marketing strategy is a good one. And you'll also want to kick yourself for under selling yourself for so long.

 

As you might guess, these observations are not my therories but rather gathered from first hand experience.

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Well, something must be selling because the gallery is in a downtown location and I can't see them being there very long given the rent/lease they must have to pay. It's the kind of thing that makes me think it might be worth selling my own stuff just to finance my trips and the occasional piece of equipment. Along these lines, it got me wondering about what sort of stuff to put on a rubber stamp that one could use to mark the back of the mounting board.....
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The cost of operating a gallery is the same, whether they are hanging a 4x6 platinum or 20x24 Polaroid. It's not worth fooling with prints that sell for a (relative) pittance. They couldn't keep the doors open.
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BTW; Standard gallery markup is 100%. So if they are offeringthe

print (print only -- no matting framing or glass) for $350, the

photographer is charging $175.00 per print. ,.His or her costs

per print produced (not including time, shots that didn't meet his

expectations, materials used arriving at his/her level of skill) is

probably around $50 per print if they are only producing a few

prints at a time. If you then take into account the value of the

artists time then you are probably looking at very little if any profit

from his/her work. <P>If the artist is selling large numbers of

identical prints of that image than possibly he or she is making

some okay to decent money.

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