If your art isn’t selling, simply raise your prices.
February 27th, 2008 by Brian
Blogger Clint Watson, in his FineArtsView Blog gives a very interesting view on how to price your artwork if it just isn’t selling. He suggests that the normal laws of supply-and-demand do not apply to the art market, and that increasing the price of your pieces may actually be beneficial, as counter-intuitive as it may seem. There apears to be a psychological element to the perceived critical value of a piece based upon its price and how the buyer feels about that price. Although I don’t thinking selling all of your napkin doodles for a million dollars each will get you rich quick soon, he clearly offers some valuable insights into the mind of the art buyer. This is something anyone actively selling their own artwork should read.
[Original story via FineArtsView Blog.]