Sunday, September 22, 2013

Gallery VS Generic art pieces

An agent priced my paintings at $744.00 each... (Thought it was $477.00)... all the while i thought the $744.00 price tag was too much for a piece of work... but considering that most artists sell their paintings no cheaper than $1,000.00, mine would be considered a steal. I am talking about art pieces exhibited in galleries and not the generic artworks sold at the malls... mall artworks are priced lower since they are just copies printed on canvas or paper and framed... art gallery paintings are priced at much ("very") higher prices since they target specific buyers (art collectors, investors, etc), and the gallery gets atleast 40% or more of the selling price... the agent gets a cut... puhunan sa materiales... labor... and how much would that leave the artist?

In manila, art pieces (exhibited) are sold at a minimum of P25,000.00 each... Mall artworks are sold at a minimum of P4,000.00... Gallery paintings are exclusive works that are not reproduced and on the other hand, mall pieces are all reproduction (copies) hence the pricing. An exclusive and personal work will cost more than a piece which is seen all over the metro. An art enthusiast (collector) will invest on a exhibited piece because they see it as an investment and would later be sold (auctioned off) to get a higher price than it was first bought. A mall artwork (repro) cannot be sold at a higher price but can be sold at a 50% discounted price. A price comparison.

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