Friday, May 29, 2015

PRICING YOUR ARTWORK TO SELL



by Margaret Danielak


Pricing art is not only challenging, it is often quite frustrating. If you are a professional artist with many awards and a long exhibition history, national name recognition, have major collectors, noted commissions and numerous past sales, you can charge higher prices for your original work than an emerging artist, or one just out of college.

SEVEN PRICING FACTORS
I therefore suggest artists price their work based upon the following seven factors.

The Competition
At what price are other artists, exhibiting in the same geographical area with a similar background, producing work of a similar style, in the same medium, commanding for their work? Note, I do not say, “What is being charged for the work?” but rather, “At what price is the work actually selling?” How many pieces is the artist actually selling? Try to find out the answer to these questions and you will learn your price range. The price of everything, including art, is determined by what people are willing to pay, and what the overall market will bear, not by how much time it took to create the item, or how much money was spent promoting it.

Sales History

At what price have your pieces of a certain size and style sold for in the past?
 

Name Recognition 
Are you famous? If so, you can charge more for your work. Frustrating though it may be, even artists with little or no talent can command high prices if they are famous.

Size
Are your paintings seven feet long or five inches square? Size matters when pricing art. Even though it may take longer to paint a small piece, one generally cannot command as much for a small piece as for a large piece.

Beauty
Is your art “traditionally beautiful?” Are specific pieces of yours especially striking? Auction houses use several factors for assessing the value of the pieces they sell. I highly encourage artists to visit auction websites to see exactly what the auctioneers consider when selecting a price range. Beauty, you will note, is one of the important factors. If some of your pieces are exceptionally beautiful, colorful or recognizable, you may be able to command higher prices.

The Economy
If the economy is soft, you might need to reexamine your prices. Since art is considered to be a non-essential luxury item, you will need to ask yourself, do you really want your pieces to sell? What is more important to you; sale of your work or the art itself? How you feel about your art is very important. Some of the work you have produced, you may simply not want to part with for less than a certain price. If you can afford to wait it out, then, by all means, hold onto this work. You just may be able to sell it for more money next year, in a different location, when you are exhibiting the work to a different group of people.

Available Inventory
Some artists produce a very limited number of original pieces, so they price their work very high, so high that the originals are not often sold. Such artists might wish to explore licensing and publishing so they can keep their originals and make money on reproductions.

RAISING PRICES

Sometimes artists will tell 
me that they are going to raise their prices because someone told them they were “under priced.” More often than not, the person advising the artist was not an artist, gallery owner, rep or collector. Furthermore, the person giving this sage advice was not someone who had purchased art from either the artist or from his gallery or rep. It is very easy for someone to tell you that your work is under priced if they are not an art collector and have not purchased art and do not know the market.

Consider raising your prices if the following occurs:
➤ You have won a prestigious nationally-recognized grant or award
➤ Your other pieces of a particular size and price have sold easily
➤ A major collector has acquired your work or commissioned a piece
➤ A major museum has acquired your work or is hosting an
exhibition, perhaps retrospective, of your work
➤ You have obtained critical press coverage
➤ You have obtained a major commission
➤ You have become famous (or infamous!) overnight



THE AUTHOR:

Margaret Danielak is an art rep, curator and author of the highly rated handbook for fine artists "A Gallery without Walls: Selling Art in Alternative Venues" which was a featured selection of North Light Book Club. 

Her website is www.danielakart.com



Tuesday, May 5, 2015

FEMINIST TOUR OF THE NORTON SIMON MUSEUM SATURDAY MAY 16!




Portrait of The Countess Kinsky by
Louise Élisabeth Vigée Le Brun
(Marie Élisabeth Louise; 16 April 1755 – 30 March 1842)


FEMINIST TOUR OF THE

NORTON SIMON MUSEUM



NEW DAY AND TIME:


Saturday, May 16 at 11 a.m.

Cost: $20 per person

not including museum 
admission




Followed by an Open House and Art Sale at a private home in

in Pasadena from 


1 pm to 4 pm featuring the work of Robert G. Stevens and 


noted local artist, Julie Snyder. 





JOIN ME! 




I am once again conducting a 

Feminist Tour of the Norton


Simon Museum in Pasadena.

Learn about French Portrait Artist, 

Louise Élisabeth Vigée Le Brun and her narrow 

escape from the Terrors of the French Revolution! 

Tour at the peak of Spring the museum's fabulous sculpture


garden designed by noted landscape designer, 


Nancy Goslee Power. 



LAST EVENT SOLD OUT! 




DanielakArt

Art Sales & Consulting Services
www.danielakart.com
626-354-0359


Wednesday, June 18, 2014

Business Tips for Artists: THE TOP TEN MOST EFFECTIVE WAYS TO PROMOTE YOUR ART by Margaret Danielak



BUSINESS TIPS FOR ARTISTS:

THE TOP TEN MOST EFFECTIVE WAYS
TO PROMOTE YOUR ART

By Margaret Danielak (c) 2013

  1.  Create a great looking business card with a sample of your work on it, and keep it with you at all times. You never know when you are going to meet your next client.

  2.  After meeting someone for the first time, be sure to obtain their contact information so you can follow up with them. 

 3.  Prepare an elevator speech, 15 to 30 seconds in length, which answers the question: WHAT DO YOU DO?

  4.  Maintain an updated website and/or blog featuring not only your art, but articles you’ve written and any awards you’ve won.  Make it clear what is for sale, what has sold, and where and how the client can buy the work. (i.e. a particular gallery)

  5.  Do not wait for potential clients to contact you. Create a system for staying in touch with your contacts through a monthly or weekly newsletter, regular Facebook post or blog feed. Reach out to your contacts regularly.

   6.  Join and participate in not only a professional art association or guild, but a chamber of commerce, cultural or volunteer organization.  Immediately, you will be plugged into a group of affluent potential buyers this way.  REMEMBER:  People do business with people they know.

  7.  Cultivate other creative professionals like architects, art consultants, curators, film makers, interior designers and the like.  They know a lot of people who both need and appreciate art.

  8.  Act as your own press agent. Market your work with press releases. 

   9.  Be friendly and both willing and able to have a conversation about a variety of topics and not just your art. Become someone others want to know.

  10.   Find out what your client likes and then give it to them even if it isn’t your artwork. It doesn’t hurt you to "pay it forward" and may secure you a referral fee. 

“The No. 1 secret to successful marketing is to choose a set of simple and effective marketing activities and do them consistently. Secret No. 2 is to choose those activities that best fit your personality, abilities and interests, because you are much more likely to do them consistently. Remember: The most carefully detailed marketing plan won’t work unless you make it real by putting it into action.” – Susan Urquhart-Brown.

 


THE AUTHOR: Margaret Danielak is an art rep, curator and author of the highly rated handbook for fine artists "A Gallery without Walls: Selling Art in Alternative Venues" which was a featured selection of North Light Book Club. Her website is http://www.danielakart.com

Tuesday, February 18, 2014

Feminist Tour of the Norton Simon Museum March 29


"S.W.A.N." DAY EVENT!
(Support Women Artists Now!)


Feminist Tour of The Norton Simon Museum
Saturday, March 29 
12:00 noon - 1:30 pm

Once again, I will be leading a small group on a tour of WOMEN MADE ART
at the Norton Simon Museum
411 W Colorado Blvd. in Pasadena
 
* SEE great works by women artists!

* HEAR my rousing account of Elizabeth Vigee-LeBrun's
dramatic escape from the Terror of the
French Revolution!

* LEARN about "The Six Degrees" of Berthe Morisot,
the only woman artist
invited to exhibit with the Impressionists! 


COST: $20.00 per person
(not including museum admission)


To reserve your spot today, send $20.00 to:
DanielakArt
P.O. Box 91656
Pasadena, CA 91105


EVENT LIMITED TO 12 PERSONS!