Putting your art for sale could be a tricky task if you are new to the market, here are a few tips that you should follow if you are planning to earn good money in return for your artwork.
Avoid pricing your acrylic canvas paintings at the eleventh hour. This could lead to immensely unbalanced prices relying on your mood, current economic situation, or need of being in the public eye.
Extremely low pricing of acrylic paintings often shows that the painter doesn't have to believe in his or her artwork. On the contrary, if you are an emerging artist, asking for a higher amount of money for acrylic paint might be extreme. The rates can increase, but they should never ideally hit rock bottom.
Don't Undermine Your Work
Mostly, artists who paint acrylic paintings underestimate their artwork; this results in less money on sales than the cost spent on making those acrylic paintings. It is recommended to keep track of your expenditure and the energy it took to finish an acrylic painting on canvas.
You can justify your rates – even to yourself if you are required to do so. If you have a record of your time and expenditure, you can explain the price of your acrylic painting if a gallery or collector insists that they are unjustifiable.
While putting your art on sale, use a pragmatic approach here and consider your direct expenses for the art supplies and other materials and the essential costs such as studio rent, utilities, etc. Never put your acrylic paintings on display for a lower price, if you do, it will lose its worth.
Always keep a rate list available that states the full retail price of the acrylic pouring medium paintings. If you are putting your art for sale, still consider keeping the discount policy in written form on the price list.
Usually, galleries and art consultants who put acrylic paintings and other art for sale take a 50% commission. If the commission is less than the normal, do not reduce the rates.
If you are told that your acrylic paintings take more effort to sell because you are an emerging painter, do not buy that excuse. Many art galleries would happily put your art for sale for as low as 30% commission.
Rise your price
The ideal time to raise costs is when you are experiencing a consistent amount of success and have established an impressive track record of sales that has been constant for at least a year. As long as your acrylic paintings are being sold in numbers and you are earning an impressive chunk of cash by putting your art for sale, don't hesitate to increase the price; it's your right to do so.
Continuously keep comparing the prices for your acrylic paintings with the ones that are available online. You can also consider putting your art for sale online as you are most likely to find many enthusiast collectors who would buy your artwork at a better price than what you are getting at an art gallery. The more you would be putting your art for sale, you would learn the market's norms in a better way, and it can escort you to increase the prices and earn a fortune against the energy and time you spent creating your acrylic pour painting artwork.
Charging per square inch
Emerging painters wanting to break into the market may desire to initiate with a slightly lower multiplier than $1 per square inch. Established painters, who already are popular among the masses, can charge quite more.
To determine your acrylic pouring medium painting's price, multiply the length by the width of your acrylic painting. For instance, an 8 by 8 inch painting = 8 x 8 = 64 square inches. In case you charge $1 per square inch, that would be $64 + the price of art supplies if you are considering adding that.