If you really want to sell an item, then you must be realistic
in your pricing. There is a natural inclination to over value
a favorite item - perhaps you dont really want to sell it, you
are afraid that it is your best work and you wont be able to
achieve this level of results again ?? It is hard to be a
business person and a collector at the same time. Baby needs
new shoes after all..... On the other hand, when private
buyers, galleries and museums are showing an interest in
aquiring your work, then maybe you can test the market for what
it will bear. Just think, Van Goghs' 'Sunflowers' last sold
for $ 80 million . The materials cost less than $ 50.00. His
time is the 'X" factor. What was it worth ? $ 20.00 per hr, $
500.00 per hour or $ 50,000.00 per hour? Go figure!!! >>
I agree with your entire evaluation and all your statements! We
can want to charge a fortune, but if the stuff doesn’t sell, it
won’t do us any good! Dilemma - what will the market bear? This
changes from day to day!!! I’ve had (what I though should be
"cheap’) sell for mucho bucks and when I’ve spent time on a
piece, I have had the GREAT piece laying around for years!!!
Learning what will sell and what will not may be the real key?
I’m only guessing . … not enough experience with marketing.