So I went to the Library yesterday. The hallway is at least 150 feet long and they have a track at the top of the wall with steel cables hanging down with a hook on the end. So I just need to have frames or frames with picture hanging wire to place on the hook. All of the displays there yesterday were paintings and not photos. Each one had a little business card beside the painting and each had a price on it. Let me tell you, the cheapest one was $200 and some went to $550. I was lucky enough to speak with one of artists there and was able to ask her some questions. Now its a little different I think for painters cause they spend weeks on their painting. My main question was how to know what to charge for your work and she chuckled and said "Aaahh, the age old question" It was interesting how she had her profit nailed down to the square inch of the painting. Basically here is how she justified her price:
1. Size of the painting
2. Cost of the frame + Matting
3. Library gets 30%
4. She gets the net result after all that factored in
So then she had her own little formula that if she clears $100 on a 10x20 painting....she is making about $2 per square inch for her work. Wow! What a way to look at it.
