I think this is one of the most puzzling questions to an
artist. Most of us, as human beings, are tempted to sell our art emotionaly,
pricing the work accordingly to the personal attachment we have to it or the degree
of mastery it shows. Unfortunately, this is a mistake. Our jugement on
ourselves is usually biased, and, well, the art world is a commercial market.
You have to think business.
So, herein, the 5 commandments of art selling:
Of your art, you will detach yourself
This is obvious considering my introduction to this post. Yes, you hate
that one and wouldn’t show it for the world. Yes, you love this other painting.
Our works are sometimes like relatives to us. Our attachment real. But if you
want to live of your art, you need to start considering it as what it is: in
this case, a frame with coton fabric stretched over it. One will go, and others
will come. Your pieces are not unique, because your creativity will never leave
you, and therefore, they are not a rare object, have you poured your heart into
them or not.
A constant pricer you will be and receipts you
will issue
You need to set a matrix for the pricing of your artwork. There doesn’t
seem to be a particular rule ( and if I am mistaking please say so!), yet the
rule of thumb seems to be to charge a certain amount per square inch. This amount should increase with your
experience and notoriety. Whatever mathematical or logical system you use, you
have to stick to it. If you start selling, your art will take on value with time,
according to the actual selling price of your art. If you sell your work
cheaper because you don’t like it, you will be devaluating other works you’ve
sold previously. This is obviously not very well looked upon in the business world.
You also want to issue receipts: they
are proof of the value of your work at a given date. You need them for your
taxes, and so does your buyer, most of the time. Another common mistake is to sell cheaper to
your relatives and friends. For the same work value reason, this is not a good
idea, even though it is tempting.
A contract you will always sign
This applies more to galleries, but it may be useful in other situations.
A gallery usually takes a commission on your work they sold. You want to have all
those dispositions in writting, so you know exactly how much they owe you. They have to issue receipts, so if they go
bankrupt, for example, you can prove you weren’t issued payment, should it
happen. I’ve heard horror stories about artists having their work stolen;
without a contract, this is hard to prove.
A contract should also be issued by you should a buyer ask for a payment
settlement. This happened to me, recently. The buyer couldn’t pay up
front. I told him we could arrange, but
we would have to sign a contract stating his first settlement, the full price
of the work, and how long he had to pay the remaining balance, after which date
the work was considered unsold and available again on the market. Make sure you
specify the first settlement is non refundable. That way, if you keep a piece
under reservation for six months, you will not have done so for nothing, should
the buyer change his mind. And please,
never let a piece of art leave the studio before it is fully paid.
Archiving you will prioritize
Before
setting up a show, make sure you have taken pictures of the new work you’ve
produced, taken the measurements and added the pieces to your list of available
work. If you don’t, you’ll regret it if you sell anything. Your portfolio needs
to be frequently updated. It is a horrible experience to have to take pictures
of 4 years of work at the same time, trust me on this. You’d rather take a
dozen pictures at a time.
Thank your buyers you will gladly do
After all, they are enabling you do make a living from your passion. Be
greatful.