tag:blogger.com,1999:blog-30832682.post1641464744579157680..comments2024-03-03T15:01:00.402-05:00Comments on Joanne Mattera Art Blog: What Are You Doing About Prices?Unknownnoreply@blogger.comBlogger22125tag:blogger.com,1999:blog-30832682.post-73869806339604549662009-01-25T07:48:00.000-05:002009-01-25T07:48:00.000-05:00This has been a tough topic with my dealer/gallery...This has been a tough topic with my dealer/gallery and the artists represented there. We have all worked toward keeping an annual (ever so slight) increase in prices, but this year I know that my own work is not going to be priced higher. <BR/><BR/>I've always had a standing 10-15% "bargaining window" with the gallery to help negotiate the sale, and a 20% discount on multiple piece sales. We Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30832682.post-10306953690160870952009-01-19T15:29:00.000-05:002009-01-19T15:29:00.000-05:00I usually raise mine each year too, but in April (...I usually raise mine each year too, but in April (which is the end of our financial year here in the UK). This year will be the same.<BR/><BR/>I have to keep up with inflation for my earnings, which are what my prices are about. My supplies costs are going up as is my rent and other living and working costs. While I'm doing my best to counter it by finding better deals on the supply side, from a Tina Mammoserhttps://www.blogger.com/profile/18407199513409994699noreply@blogger.comtag:blogger.com,1999:blog-30832682.post-79915975360305014682009-01-17T23:31:00.000-05:002009-01-17T23:31:00.000-05:00Anon 5:23,$4000 is a very modest price for a 48 x ...Anon 5:23,<BR/><BR/>$4000 is a very modest price for a 48 x 48 painting. Double or triple that would not be out of line, but there are variables: are you emerging or have you been at it for a while? Are you selling through a gallery or on your own? Do you have a sales history? Have you been increasing your prices? Do you have a local or regional career? Are you in a major metropolitan city or Joanne Matterahttps://www.blogger.com/profile/02564594823192456546noreply@blogger.comtag:blogger.com,1999:blog-30832682.post-39289938463201740752009-01-17T17:23:00.000-05:002009-01-17T17:23:00.000-05:00Regarding the $5.50 a square inch price...That's a...Regarding the $5.50 a square inch price...That's about $2600 on a 48 x 48 painting. When the dealer takes 50% that leaves $1300.. This sounds like a "fire sale" I'd like to be selling 48 x48 paintings for at least $4000. Am I out of line?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30832682.post-48100195553652054372009-01-16T12:08:00.000-05:002009-01-16T12:08:00.000-05:00I have not raise my prices in two years, with the ...I have not raise my prices in two years, with the exception of one artist's work, which was priced low on entry to the marketplace. I do drop my price on multiple sales, or one large piece over $1200, but the difference in this gallery is, that drop comes from my 50% profit, not the artist's.<BR/>I have no intention of dropping posted prices at any point, and feel it is very important to hold theAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-30832682.post-38071817348219342702009-01-15T18:29:00.000-05:002009-01-15T18:29:00.000-05:00Haven't raised prices for 2009 and haven't lowered...Haven't raised prices for 2009 and haven't lowered...yet. I'll do what I have to to stay in business and weather the storm. Haven't had any deep discount requests from clients. Have noticed, however, that many are making incremental payments and many are paying in cash.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30832682.post-91011488498408158142009-01-15T17:31:00.000-05:002009-01-15T17:31:00.000-05:00Thank you all for your comments and this great blo...Thank you all for your comments and this great blog.<BR> <BR/>Although I have been making my living as an artist for years I never raised my prices too high. <BR/>During the summer I had a breakthrough in my work that has continued to increase demand. <BR/>At the start of the year I increased my prices and have been concentrating on bigger work! <BR/>For years I have sold little paintings but Stephanie Sachshttps://www.blogger.com/profile/11377131627540380362noreply@blogger.comtag:blogger.com,1999:blog-30832682.post-37763008104958401472009-01-15T16:04:00.000-05:002009-01-15T16:04:00.000-05:00I was always way undervalued with a ghetto mentali...I was always way undervalued with a ghetto mentality and finally said to hell with it. And so even though we had this terrible economic downturn, I raised nearly everything in December. And sold a big piece too at the new big price, so I don't think it was a mistake.<BR/><BR/>I think it depends on where you were at before. And how much you were sold. If you sold a lot at high prices I don't Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30832682.post-91394364354719868272009-01-15T06:44:00.000-05:002009-01-15T06:44:00.000-05:00A follow up to my last post: Here is a blog to sho...A follow up to my last post: <BR/><BR/>Here is a blog to show you the condition of our economy right: http://2008bridgewynwoodartfair.blogspot.com/WPBNYC and Anything Elsehttps://www.blogger.com/profile/06825156796761287801noreply@blogger.comtag:blogger.com,1999:blog-30832682.post-16695260048271223582009-01-14T21:19:00.000-05:002009-01-14T21:19:00.000-05:00In the past, I've raised my prices every 2 years. ...In the past, I've raised my prices every 2 years. I'm overdue for an increase, but am putting it on hold for a while. <BR/>To get through this economic downturn, I'm focusing on commission jobs. It's not my favorite way to work, but it pays.<BR/>I price my work by size. So I've been creating some smaller pieces, which works well with my focus anyway.Stephanie Claytonhttps://www.blogger.com/profile/13208066564509737843noreply@blogger.comtag:blogger.com,1999:blog-30832682.post-25266051536025587442009-01-14T20:09:00.000-05:002009-01-14T20:09:00.000-05:00I recently brought new work in a larger size than ...I recently brought new work in a larger size than I usually work in to the gallery that represents me. I was feeling that given the current climate, I needed to be a little conservative with the price. The gallery owner, however, felt that I might have under-priced the work and suggested a slightly higher price with the rationale that a discount could always be offered. She also suggested that weAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-30832682.post-84846894435041237302009-01-14T16:43:00.000-05:002009-01-14T16:43:00.000-05:00My inclination so far is to not lower the prices o...My inclination so far is to not lower the prices on my work. The cost of producing that work, and the cost of maintaining an art studio, has not decreased for me. What I have done, as other artists here have stated, is to emphasize that I will give a collector a discount both through the gallery and through the studio. And, I am willing to work with my dealers in any way I can.<BR/><BR/>And onAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-30832682.post-16399246092537328762009-01-14T15:59:00.000-05:002009-01-14T15:59:00.000-05:00I dropped my prices mid summer last summer from 7$...I dropped my prices mid summer last summer from 7$ per square inch (sliding scale but consistent as the work gets bigger) to 5.5$ sq. in. That was well before the recession emerged in November. <BR/><BR/>I had my own econ. reasons - a now out-of-business representing gallery had me up a little to match the other similar painters there. My demand had climbed steadily, then dropped somewhat. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30832682.post-89309805285580077432009-01-14T10:52:00.000-05:002009-01-14T10:52:00.000-05:00New trend from my new collectors is small commissi...New trend from my new collectors is small commissioned work in new materials. The only difference for me is figuring out a price structure for commissioned work, i.e. my gallery work is usually priced according to size regardless of time, whereas I tend to price commissioned work based on time, regardless of size.Donna Dodsonhttps://www.blogger.com/profile/17068704959733467515noreply@blogger.comtag:blogger.com,1999:blog-30832682.post-31291162667460145492009-01-14T10:20:00.000-05:002009-01-14T10:20:00.000-05:00"I will give you four for the price of three"So th..."I will give you four for the price of three"<BR/><BR/>So that's, what, 25% off? Eek. I wonder if the sale was made.<BR/><BR/>What happens if collectors get too used to the big discounts? <BR/><BR/>Are there any collectors out there reading this? Are you acquiring work these days? Are you getting the big discounts?Joanne Matterahttps://www.blogger.com/profile/02564594823192456546noreply@blogger.comtag:blogger.com,1999:blog-30832682.post-70966019641533806742009-01-14T09:48:00.000-05:002009-01-14T09:48:00.000-05:00Overheard at Art Basel Miami 2008: Art Dealer:"I w...Overheard at Art Basel Miami 2008:<BR/> Art Dealer:<BR/>"I will give you four for the price of three"Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30832682.post-16774188691331089422009-01-13T23:39:00.000-05:002009-01-13T23:39:00.000-05:00I'm not carried by any gallery so I have complete ...I'm not carried by any gallery so I have complete freedom to set my prices as I please. Plus, I don't make my living from my art - retired from another profession - so, while that doesn't give me any cachet in the art world, it does give me some degree of economic security. But only some as I'm not rich. In any case, I decided to price my small pieces very very cheaply. In some ways it galls me Nancy Ewarthttps://www.blogger.com/profile/12116290968007398337noreply@blogger.comtag:blogger.com,1999:blog-30832682.post-86654581744363426182009-01-13T22:55:00.000-05:002009-01-13T22:55:00.000-05:00good question, joanne. i've doubled my prices in ...good question, joanne. i've doubled my prices in the last five years but i am not expecting to raise them this year.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30832682.post-72726233531906430582009-01-13T14:14:00.000-05:002009-01-13T14:14:00.000-05:00In our gallery, we strongly encouraged our artists...In our gallery, we strongly encouraged our artists not to lower their prices. I'm am fully of the belief that it is much easier to drop prices than get them back to where they were originally. If you lower prices, collectors will look for you to do it again anytime the market drips, even a little. I fully believe it is easier to offer a one-time larger discount than it is to lower prices Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30832682.post-67361605044454294152009-01-13T11:17:00.000-05:002009-01-13T11:17:00.000-05:00I haven't raised prices for 2009, and don't usuall...I haven't raised prices for 2009, and don't usually get asked to lower prices, other than for the 10% discount standard in most agreements.<BR/><BR/>In the studio, I've been working on smaller size pieces which was a creative decision I made last summer, and not influenced by economics. At the moment, I'm feeling like it was a good decision though, because the price points will be below my Billhttps://www.blogger.com/profile/04430208935098391533noreply@blogger.comtag:blogger.com,1999:blog-30832682.post-42971921899449916692009-01-13T08:48:00.000-05:002009-01-13T08:48:00.000-05:00I had a rather large price increase last year, 20%...I had a rather large price increase last year, 20%, in order to bring my work closer to the other art that I show with as well as to slow things down-everything I was painting was selling there for awhile. My prices are still very reasonable though, but because of of the economy I am not raising them this year and Joanne, I am pretty liberal okaying the discounts, although there haven't really Tracy Helgesonhttps://www.blogger.com/profile/07510044613771862211noreply@blogger.comtag:blogger.com,1999:blog-30832682.post-3259575105712734192009-01-13T00:34:00.000-05:002009-01-13T00:34:00.000-05:00I haven't raised my prices in 2 years, so a price ...I haven't raised my prices in 2 years, so a price increase is really overdue. But I find myself dithering over it. Maybe a 5% raise instead of 10?Anonymousnoreply@blogger.com