Questions and Answers about Fine Art, Painting and Wine Parties
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How is fine art priced?
Pricing fine art should never be done randomly. Pricing should be quantifiable and have a sound basis in time, materials and the scale of the secondary market that has emerged on the artist's work. Further, a profit margin should be built-in for Fine Art galleries into any price for fine art works. Pricing is done properly when a formula is strictly adhered to by the artist. Consistent pricing from gallery to gallery is a prerequisite for a professional Artist who is on top of his/her game.
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