For the past few years, I've been winging it when it comes to pricing. I'd finish a piece, submit it to a show and when they requested a price I'd hem and haw and generally dither around trying to figure out a number value to attach to something that to me is representative of hours of concentration, creative thought and angst. This method has led to some rather unhelpful price structures based basically on how much I liked a particular piece at the time I priced it. So, after researching how other artists have done this, I've come up with a (somewhat) more objective way to price my work. I say somewhat, because it's always going to have a level of subjectivity to it. Basically I have 3 categories based on the size of the paintings small, medium and large,I thought about giving them pretentious titles using different languages to confuse people, but then thought better of it, and then a dollar range for each one. The price of the painting then becomes based on the size first, the complexity of subject and the overall finish of the piece, the time it took me to complete factors in as well (although it is pretty much related to the level of finish), and the general awesomeness of the painting. Here are the categories with some of the standard sizes that I work in
Small (8x10, 12x12, 11x14) 500-1,000 dollars
Medium (14x18, 16x20, 18x24, 20x24) 1,000-2,500 dollars
Large (22x28, 24x30, 24x36, 30x40) 2,500-5,000 dollars