Pricing for experience

In addition to your costing for making work, another notion to consider when you are pricing your work is your own perceived value as an artist.

This ‘value’, difficult to pin-down and unique to each artist, is increased by milestones such as:

  • Years in the business
  • Professional accomplishments
  • Major group or solo exhibitions
  • Residencies in the UK and overseas
  • Profile of your partners and organisations you work with
  • Your reputation
  • The increasing quality and complexity of your work

The more of these ‘markers’ you pass in your career, the more you lower the risk for a collector wanting to buy your work.

© Medeia Cohan-Petrolino

This article is from the Artlaw Archive of Henry Lydiate's columns published in Art Monthly since 1976, and may contain out of date material.
The article is for information only, and not for the purpose of providing legal advice.
Readers should consult a solicitor for legal advice on specific matters, and artists in London can get free online legal advice from Artquest