How to Price Your Paintings

Hi everyone! Pricing your paintings is one of the hardest things artists do. What dollar amount should you put on your latest masterpiece? Let's face it, your paintings are your babies. You don't want to give them away and you don't want to over charge. So, how do you decide how to price a painting?
In this week's video I go over three different ways to price your work, which could you see yourself using?
As always, I'd love to hear from you. So if you have any questions, topics you'd like me to discuss, or anything else, please reach out. Don't forget to like and subscribe and ring the bell to be notified whenever I post a new video. Also, keep an eye out for next week's video where I discuss some important tips for price your art.
Hugs,
Gwen
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[@michelecaira2367]

Thanks for this useful insight !! 🙂

[@FergusonArt]

Love your perspective .thankyou

[@taisadiercks696]

Excellent information thank you..i do however live in France..i alwayd have to do it in centimeters.

[@ZadenZane]

I'm not ready to sell anything yet although I find it easier to calculate my currently totally hypothetical prices by the square foot than messing around with inches or centimetres. The advice that I consistently received was do not undervalue yourself. Art is a luxury not a budget item. There is no need ever to price things at rock bottom. Weirdly I get a lot of queries on Twitter X. even when I post photos of things that are obviously half finished. I haven't answered anyone yet so I don't know what the deal is or even if they're legit. Some of them are talking about NFTs, I don't understand why.

[@jeannettelogue2517]

Gwen, assuming the painter has determined a pricing model she is comfortable with, please talk about increasing one’s prices after some time has gone by (how often, by how much). Thank you!

[@mohamedakram-sd4kv]

very correct advice. Thanks

[@nicolacrookart]

Love how you explain things and you have helped me feel even more comfortable with my choice of pricing method. I only started to price my work this year with a consistent pricing method and it has made a big difference. I use the linear inch method and my $/£ number is very low at the moment but I can review that in the future and increase it. I'm happy with the method and I found at my first art show this year that my prices sat nicely at the middle section of 'new to the art scene' price zone. When I return to it next year my prices will have increased to the 'newly experienced' price zone. I also now have pricing space for my new prints and greeting cards. If I priced my work like I used to then my prints and originals were too close together and it devalued my originals. Thanks for all your support :)

[@barbarageis1728]

Thank you Gwen for so much good information! Greetings from Austria.

[@hairyelement]

More great advice Gwen, so wish I could make the workshop. I know it's going to be amazing, I wish it were virtual😣

[@linamarhaba7796]

Agree I wish I could take it but I am in Montreal

[@KellieChasse]

Such great information for artists Gwen! It took me many years to figure this out and thinking back, I really wished more experienced artists had shared that info.😘

[@fcruz2012]

Thank you for the video, Gwen! I must prefer the 2nd way, it's more easy.

[@gideonslight]

Thank you so much this was so helpful! Nobody could ever answer me this question... it's like it is a secret or something! This demystified it for me!

[@franciscopacheco6285]

Wow Gwen you broke it down to the tee im not good at math but you explained so good i understand the 3 methods thanks much

[@cerropaint]

Great video Gwen in answering the age old questions all artists ask and wonder about. I usually use the first system...but am liking the linear inch, it's so much easier! So, are you suggesting adjusting a set price for specific sizes...maybe more for smalls and less for larger pieces...but stay consistant within that? Thanks again for the great video!👌

[@MickeyBaxterSpade]

Love this!!!

[@GwenFoxArtist]

Your awesome Mickey....

[@tharangawanasinghe5377]

Hi, Thanks for this and I was so looking forward to this video. Would you please advice how much to charge for a very detailed painting with so much layers as a beginner artist.?If I can show it to by email and the price I have decided would you please let me know whether it is ok/reasonable/good ? Thanks

[@aworkinprogress2]

Most of the pricing sites I have found suggest $1 per square inch as a starting point. The more recognized and professional can charge higher, and the beginners, etc. can charge lower.

[@tuahabadar]

Thank you Gwen, your last bit of advise was really interesting. Being uncomfortable.

[@nana-me3eq]

Could you tell me how to price oil painting, acrylic painting and water color painting?

[@regulalaborce5390]

very educational ty Gwen and i just want to ask how you started❤ nice job

[@GwenFoxArtist]

Regula....are you wanting to know how I started painting?

[@cab552]

So clear and straightforward. I like the linear method, however, I paint on different substrates, from paper to canvas to panels [mainly because I'm starting out and trying to figure out what I like best]. My question is, if I use the linear method, doesn't it make sense to adjust the amount some due to the cost of the substrate? I mainly use watercolors and/or acrylics, so mediums for me isn't the main issue. Thanks!

[@yopestevens1505]

Same question & I haven't found any answers. Difference in pricing paper vs canvas isn't made clear anywhere! What did you finally decide? Your method? Ack! I'm ready to sell and it's such a gray area!

[@cab552]

@@yopestevens1505 I agree! I have finally decided to price my art at $1 per square inch. As I grow and my sales increase, I may offer a distinction between substrates, but for now, I price them the same because I typically paint with acrylics on all substrates. I hope that makes sense.

[@yopestevens1505]

@@cab552 Oh you are the best, thank you! That's kind of where I'm at in my head but was thinking it might be too much for paper substrate. It's not really about the money (for now at least), I just want to share it, find out if people like it, but also I don't want to give it away. Most are on 11x14 good paper and for those I'm thinking of asking $180 to $200 if they come with a mat fitting to a 16x20 frame. I really like using paper instead of canvas and will stay with it if I can get that price. If not, I guess I don't sell and just keep them all & keep working on paper anyway....that's okay with me, I love them! Thanks again, so much :) Edit: forgot to say I work exclusively with acrylics :)

[@cab552]

@@yopestevens1505 Absolutely! I always mat my paintings on paper and have a plain, 100# backing. Then I slip the painting with mat into an acrylic sleeve to protect the piece. I think going the extra mile like that should draw a better price. Also, your skill level is another factor. I think your price sounds reasonable!

[@yopestevens1505]

@@cab552 Not sure about my skill level, really hard to know that. I do have about 300 "good " ones out of the roughly 500 I've done in the past few years, so I hope other people like them too. No one has ever seen them except for my better half, so we'll see....

[@cazadorintelectual1851]

Thank u so much for the info! QUESTION: How abt as the yrs pass? Do u increase ur original price to the older paintings or to ur growth as an artist????

[@GwenFoxArtist]

If my older paintings are of the quality that I am now painting you can add to their price....otherwise don't add to them...

[@nirmalajetty6426]

Yes! It hurts! I gave away big paintings as big as 26x30, didn’t get payed for. It hurts!

[@FergusonArt]

Thankyou. It is not as easy to get a price when your starting out

[@donlefarsace1794]

I just ran across your channel because I’m trying to price my paintings for a show. I like the linear inch plan, but am confused about the $20. Is that cost of materials? I have a 18x24 gallery wrapped canvas, plus an expensive frame, but adding those makes it too expensive.

[@GwenFoxArtist]

Number one...you must cover all your expenses. I finally learned not to put expensive frames on my work because people never really understood or appreciated the frame. Sometimes we need to cut down on the cost per inch if we need to cover a frame. Number two...if it is a wrap around canvas i don't frame them ....leave that to the buyer.

[@yopestevens1505]

I am making great, sellable art........but it's all on paper. I can't find even one place/person to compare prices with, and every "professional" artist only talks about gallery-type pricing their huge canvases. I want to make good, affordable abstract art for "the masses" that isn't your pat landscape or animal or flower, but I don't want to give it away. Can ANYONE please give me a starting point? I'd like to offer them with a mat but no frame if possible?

[@lisabarnes6919]

How to price a print.?

[@perezparra86]

God bless you . Jesus loves you

[@ruthgonzalez6547]

If you charge per square inch, you didn’t explain how to make adjustments so small work isn’t too cheap and some larger pieces aren’t too expensive. Do you choose a price for a midsize piece and work up and down from there to price other pieces?

[@GwenFoxArtist]

Yes, that is exactly what I do...

[@mohamedakram-sd4kv]

Thats the reason I imprting all the art products from China. if need any items please feel free to contact me. Thanks