Abstract art can be quite expensive especially if it is old or by a popular artist. A painting is usually weighed by its price tag or size but it is not necessary that a great painting or a masterpiece has to be extremely pricey. Determining the worth of an abstract painting is important before you spend money on it. If you are an artist yourself and would like to put a price to your newly made painting, here is some information you will surely find useful.
One of the simplest and most effective ways is to price a painting based on its dimensions. Many artists follow this approach to determine the value of their paintings. However, abstract paintings may take a little longer than usual to finish because of the details involved. Because of this reason, you may not want to consider size as their parameter to determine the actual worth of their painting. In such a case, you can calculate the costs spent on making a particular painting as well as the amount of labor and time and then determine the total cost of your abstract art.
When determining the price of original abstract art through this method, some people also add the price of lighting and space used in making the painting. However, if this approach doesn’t appeal to you take a round of art galleries in your area and see how much the other artists are charging. You may want to discover a similar painting or art like the one you have created including the theme and size. This way you can easily determine the worth of the piece you have made.
Seasoned or professional artists increase their costs every year starting from a meager amount to add on to it with the passage of time. However, this approach works only if all or most of your previous paintings have been sold off or appreciated by your visitors.
If you plan on selling more original abstract art in future, follow or adopt a long-term approach so that you may stick with it. Some artists don’t want to mention the price on the painting and so they hide it with a piece of card or something like that with their signature on it. Use this approach if you are not planning on adopting this as a business or profession. This is recommended to hobbyists or artists who only create paintings when they have time from other activities.
Whichever approach is adopted, remember the cost of original abstract art needs to be sensible and reasonable. It’s true that abstract paintings can be quite expensive, but it doesn’t mean each and every piece is going to be like that. Only true artists are able to recognize the worth of a painting and so you need to be extra careful when putting a price to your newly created abstract painting. Try to stay away from instinctive approach of determining the worth and value of your painting as much as you can. Instead, follow a more realistic approach to avoid problems later on.