Hi everyone! I need a little advice! As you know i am going to the doll and teddy bear expo in august. One of the sculptures going with me is my sculpt of Coahme the dragon Mage and Althiel the dragon. I have been told by many that i should charge at least $1,000 for this sculpt as it is 1 1/2 feet tall, contains semi-precious gems, swarovski crystals, pearls, and took a really long time to make. Now i have people telling me that i should not charge that much because no one is going to pay that much! pricing has never been my thing. now mind you at the expo those people come in expecting to fork over some cash....im just not sure. So if you all feel up to it take a look at my sculpt and tell me...if you had the money to spend would you pay that much for this sculpt...and if not how much WOULD you pay. thank you all for your help! Im need to figure this out soon..sheesh. 
in need of advice
Thursday, May 15, 2008, 01:06 PM EST [General]
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I don't have much to add to Rdehwyll's comments (who I feel is right about this) except to say that when I have done shows, I bring in one showy expensive piece to draw customers in. They mostly buy the less expensive art, but I expect that: I am just happy that the one piece draws them in. Anyway, you could look at it this way unless you really have to sell the piece. |
Standard formula for regular retail pricing is cost of materials plus cost of labour (Pay yourself a minimum of $10 per hour, but don't be afraid to double or triple that number) plus 40% equals retail price. But that's for manufactured goods -- for one of a kind art, use cost of materials plus 50%, plus cost of labour plus 25%, plus 100% equals retail price... Or price it at whatever you feel the market will bear. Personally (and if I had the money), I'd gladly pay $750, and strongly consider $1000...
Rdehwyll06:58 PM EST