How to Price Artwork - Draftsmen S3E18
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lesson video
How to Price Artwork - Draftsmen S3E18
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João Bogo
Dad humor comprises all the jokes that simultaneously make your 2-year-old laugh, your 12-year-old cringe, your wife question her life choices and compel the nearest dad in your area to tell a worse joke.
LESSON NOTES

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Having difficulties figuring out how much to charge for your art? Do you feel like you’re undervaluing yourself and your work? There’s a lot that goes into pricing and selling fine art. We’ll show you how to break down the process into stages, and share a variety of ways we’ve found to negotiate and determine prices for your art. You’ll then get to see an example as we negotiate over the cost of a few Marshall Vandruff originals.

The movie Marshall meant to reference in this episode was not HAIL, CAESAR!, it was INSIDE LLEWYN DAVIS

Books and Resources

(some contain affiliate links)

Chris Voss

Network

The Heartbreak Kid (1972)

The Graduate (1967)

Graphic Artist’s Guild Pricing and Ethical Guidelines

Nick Meglin

Michael Dues' Conflict Management

A Raisin in the Sun (1961)

Inside Llewyn Davis

A Photographer’s Guide to Marketing and Self Promotion by Maria Piscopo


Referenced Artists:

Drew Struzan

drew struzan posters s3e18

Drew Struzan Worskshop

drew struzan workshop 1985 s3e18

William Stout

william stout bw dinosaur s3e18

Obama Hope Portrait, Shepard Fairey

obama hope shepard fairey

Marshall Vandruff's work in MAD Magazine

marshall vandruff mad magazine s3e18

Marshall Vandruff's Allergan Ad

marshall vandruff allergan ad s3e18

Marshall Vandruff's Imagine FX Magazine cover and Gnomon DVD

marshall vandruff covers s3e18

Marshall Vandruff's Steamroller

marshall vandruff steamroller s3e18

Marshall Vandruff's Horse Drawings

marshall vandruff horse drawings s3e18
COMMENTS
Stan Prokopenko
We’re here this week to discuss a long-requested topic: Pricing. Marshall and I share tips and tricks we’ve learned over the years, and we even put them to the test.
Jeremy de la Garza
What a great episode, thank you Marshall and Stan! Loved hearing all of the stories, I learned a lot from hearing them.
Celyne Moreno
I love the advise of 'being needless' and learn when 'to walk away.' The part where clients offer more exposure...maybe it depends who they are going to expose you to and if it will open up more doors for you.
Darren-Edward ONeill
I operate in a different realm, a lonely realm but I very definitely consider it a realm within the 'art' world in general, I illustrate for aviation publications and provide freehand portraits of the flying machines for private clients - a very mechanical and technical realm but through it I get to inject my personal expression and ultimately have my say and it's because of that recognized style that I am established and am able to price my work, it's always a balancing act though between being affordable enough to keep busy and being priced right to be respected. Unlike more abstract or 'natural' artists I could never 'name my price' as it were because in the art world the technical realm is looked down on as more design or illustration but I strive to be recognized as an artist and am definitely working my way to that high price.
@jacob_f
4yr
Loved the video, thanks for putting this together. I have some ideas on negotiating I'd like to share, but I have to caution that I've never sold a piece of art in my life. However, I have sold creative services as a software designer for almost a decade. I'm definitely curious to know what @Stan Prokopenko and @Marshall Vandruff think of these strategies. For each scenario I'm focusing on the student working for exposure being approached by a potential buyer for commissioned work. This scenario is most interesting to me since it's where I'm at in my art career. For each scenario let's say the artist values the work at $200 and the buyer starts the negotiation at $100. (1) The "I'm busy" method. You could say "hey buyer, I'll sell to you for $100 but that's honestly low for me and I have a lot of other projects, so it's going to take me a while to get around to working on this. If you paid $200 I'd give this a higher priority and guarantee delivery by x." I like this one because it signals to the buyer what you're actually worth and still gives them the option to commission you for their initial price. It's similar to Marshall's "table of delivery dates and prices" method but more simplified. (2) The "negotiate against themselves" method. You could say "hey buyer, that price is too low, do you have another number in mind?". They might say a number higher than you were even thinking, which would be fantastic and really motivate you to do a stellar job. It also sets your base price higher which makes future negotiations much easier. Obviously this could only happen if you refrain from posting your prices anywhere. I'd be curious to know if that's a good move or not. (3) The "BOGO" method. "Sure, I can do $100 if you agree to buy 2 pieces instead of 1". It's still more work for the artist, but like they said in the video, the experience is more important, so why not secure an extra deal if you're taking a lower rate? (4) The "referral method". "I tell you what, I'll sell it to you now for $200 but if you can get 2 of your fiends to buy a piece from me I'll give you a $50 discount per referral and I'll extend the same deal to them." This has the potential to really get your work in more places because your incentivizing the buyers even more to share your work and get more people to buy. At some point you have to raise your base price as Stan pointed out in the video, at which point you could combine this with method #1 to steadily increase your base price. I'd definitely welcome some critique / feedback on these methods. P.S. Like I said at the beginning, I've never sold art, but I've either used or seen other use the strategies above for selling creative work / services. They don't always work and yes you do run the risk of turning someone off, but honestly fighting for your bread is something I think most buyers will respect and appreciate. Often times I find the buyer's price is based on ignorance anyways and they might welcome an education which makes the story of how they got their piece all the more interesting but I digress.
Lucian Acatrinei
this is useless, pricing advice should be about how to value your time, based on skill, project, time investment, output, and how much you need money. "you dont want it don't buy it" thats great, unless you are very well known (and they pay for your fame not skill) or people don't really need your work (anyone can be replaced) that is not going to work. When do you charge by hour, when you charge by project, when to try and sell just random stuff (5 min horse sketches) how to get clients for each, how to raise prices based on quality and client interest.. what are the skill levels of "beginner, intermediate or pro" that would have been much more interesting..
Linda Voita
I appreciate your comments...my husband paints huge canvases of sports figures/athletes - 40 x 60, etc. and he paints quickly - perhaps 2-3 hours. Clients who found that out would try to pay him based on how many hours he took to paint the image. After a few of those, when future clients would ask him how long it took to paint something he would reply "45 years". Many factors.
molambird
4yr
unlike the perspective drawing course, did he send you the images? :3
Leandro Cabrio
It's nice to hear this from people with experience. And it's reassuring that the advice is consistent with what people generally told me. Great listen =D
Leandro Cabrio
1:13:11 This reminded me of a video game company(CD Project Red) They bought the rights to a book (The Witcher) and the writer wasn't expecting the games to be popular, so just sold them really low and didn't ask for a percentage. I think later on the came back and renegotiated or something. But you never know =P
Radortraft
4yr
This was very entertaining, especially the negotiations part :D <3
Zoungy Kligge
I think this will forever be the 'sassy apple eating' episode for me
João Bogo
4yr
Dad humor comprises all the jokes that simultaneously make your 2-year-old laugh, your 12-year-old cringe, your wife question her life choices and compel the nearest dad in your area to tell a worse joke.
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