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pricing carvings

Stone Conversations : Archive 3 : Message 00041

From: "Lesley Carruthers" <lesleyc118@xxxxxxxxxxxxxxx>
Date: Sat, 29 Jun 2002 11:05:34 +0100
Subject: pricing carvings

I am now in the position of submitting some of my stone
pieces for a local exhibition and I am in a bit of a
dilemma regarding how to pitch the prices.

Obviously I start with the cost of the stone, but then I
have to add labour. What cost is it reasonable to put on
my time per hour? One of my pieces is alabaster,
originally 20kg weight, and I will have spent about
twenty five hours on it. If I cost my time at £15 per
hour, this puts the variable cost of the piece at around
£400, or at £10 per hour just under £300. Will people
pay, say, over £500 for a piece of original sculpture?
Or do I just have to try it and see? Is it really just
guesswork at the end of the day? How do I judge if it's
my prices or my pieces that are putting people off if I
don't sell?

On a separate but related issue, if I have pieces in a
gallery displayed at gallery prices, what do I charge
someone who comes to me direct? The gallery price, even
though it's not in a gallery? Or the price I get once
the gallery has deducted its share?

LesleyC

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