On both the primary and secondary sides of the art market, prices for artworks are influenced by the broader context of the artist and their position in the art market. Values fluctuate in response to changes in collector demand, general economic conditions, and the artist's stature at the time.
The artist
In the primary market, independent artists or galleries are the key determiners of an artwork's value. If the artist is the vendor of their own work, they will derive its value based on how much time they spent on it, the materials they used and relative prices in the market.
(Height x Width) × Price per square inch
This formula is used for flat, two-dimensional work, like paintings, prints and drawings. It's also pretty straight forward: it takes the surface area of a work and multiplies by a rate of your choosing.
As a general rule of thumb, you should expect to spend at least $100 on a small, simple painting by an unknown artist. If you're looking for a larger or more complex painting or one by a well-known artist, you should budget at least $1,000.
Multiply the painting's width by its length to arrive at the total size, in square inches. Then multiply that number by a set dollar amount that's appropriate for your reputation. I currently use $6 per square inch for oil paintings. Then calculate your cost of canvas and framing, and then double that number.
If you suspect that your picture is valuable, take it to a specialist fine art auctioneer, such as Bonham's, Christie's or Sotheby's.
Painter Values Check allows you to check values in realtime through your device camera and also analyze it or any other image imported from Photo Gallery.
Consider your production costs, market research, your skill level, artwork size, emotional value and external economic conditions. Experiment to find a balance that aligns with your goals and resonates with your audience.
The cost to paint a 1,500 square-foot double-story home will average between $6,000 to $21,000 depending on the size of all floors. The price may vary if your 2nd floor is smaller than the ground floor.
Whether the artist is unknown, emerging, or a blue-chip artist, it makes a huge difference. The price is based on the artist's exhibition history, sales history, and career level. In general, the greater the demand for an artist, the higher the prices fetched on the market.
If you plan to sell the artwork, you should consider contacting an auction house. The auction house will perform appraisals for artworks to be sold through their own auctions. If you plan to insure the artwork or make a charitable donation for tax purposes, you should make an appointment with an appraiser.
The higher the sales price for the artwork, the lower the overall royalty rate. Your royalty is worked out according to a sliding scale from 4% to 0.25%. Royalties are calculated on the sale price for galleries and dealers and the hammer price for auction houses, excluding VAT.
The Square Inch Method is basically where you set an art price on one size, do the math to figure out what that comes out to per square inch, and then apply that price to your other sizes. It works for a lot of artists.
Appraisals & Appraisers
Consider finding an appraiser to determine the value of your artwork. Appraisers are trained specialists who work for a fee. They evaluate your piece and give you a written statement of its value.
Get a free valuation
Hanson Ross offers a reliable valuation service with one of our experts. We provide a realistic auction value for your items to help you make an informed decision on selling.
The easiest way is to systematically ask the seller for a certificate of authenticity, in addition to your invoice. Providing a certificate is not compulsory if it is a unique work signed by the artist, but it is very important in the case of an unsigned work or multiple.
While some brush or roller marks are unavoidable, a professional painter should be able to apply paint in a way that minimizes these marks as much as possible. If you notice visible brush or roller marks on your walls or ceiling, it's a sign that your painter may not have been as skilled as they should have been.
Painters charge $400 to $1,000 per room on average, depending on the size. The average cost to paint a 12x12 room is $400 to $950.
Here are some of the things a paint contractor is considering when he is preparing an interior painting estimate: the condition of the walls; any damage or repairs that need to be addressed; the square footage of the walls; the height of the ceilings; whether he will be painting over dark colours or painting with dark ...
Water- Based vs Oil Based Paints
Water-based paints are the best paint for interior walls since they paint well and come in various sheens. Oil-Based Paints: These provide a smooth, glossy finish but take a little longer to dry. Their fumes are also relatively more potent.