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price and value

updated sun 10 dec 00


David Hendley on fri 8 dec 00

Value and price are both determined by what a willing
seller will sell for and a willing buyer will pay at a particular
time and place.
Nothing more, nothing less.
It gets fun because people value things differently.
It's normal for the seller to over-value his possessions and
think he is selling too cheap and the buyer to under-value
it and think he is paying too much.
That's how deals are made.
It's as simple as that. Economics 101.

Anything else, such as appraisals, guide book prices,
or what the maker thinks something is worth, range from
honest estimates, to hoped-for values, to outright scams.
Around here we have a jewelry store advertising that
everything they sell will 'appraise for 150%' of what they
sell it for. And, you've probably seen the ad where, if you
will just visit the time-share condo, you will receive 'prizes
worth over $800'. The 'value' you assign to an object in
your possession means nothing until it is validated by a buyer.
David Hendley
Maydelle, Texas

----- Original Message -----
From: artimater
Sent: Friday, December 08, 2000 10:26 AM
Subject: re taken for granted (value)

value is determined by:
1. skill of the artist
2. age of the piece
3. durability
4. ability to sustain interest
5. functionality (if applicable)
6. beauty
7. originality
8. history
9. materials
10. rarity
11. size
someone feel free to add 12 through 1000 for me. I didn't spend all day
thinking about it.

price a piece sells for is affected by
1. the name on the bottom
2. the resume of the maker
3. the connections of the maker
4. current style
5. geography
6. competition
7. skill of the salesman
8. the name of the gallery
also feel free to add to this list.
my story is that i have been producing art for 40 years, and i have
always based my work on the first list alone. the second list i don't give
a hoot about. well i find when i add up the value and add up the price i
could get the value is consistently much higher than the price. i would
have to be a fool to even think about selling in the current market, which
is flooded with walmart crap and poser crap. how many times have i went to
the fairs and seen wonderful thoughtful work selling for reasonable prices
sit there while the cheaper production crap in the booth next to it flies
off the shelf?.....plenty....
so my choice is to either lower my standards and produce work of less
value, or lower my price way beyond reason. i choose neither. i give lots
of great pots to people i know can't afford my price. i also give away shot
glasses as calling cards. i have seen big alligator tears over a little
breakage. i have seen people i respect who use my stuff on a daily basis.
such situations give me way more satisfaction than the pittance i could get
by selling out. i did commercial art for 20 years. it is soulless and
heartless. i choose to do the very best work i can do and am constantly
surprised by myself.
perhaps i would worry about selling if the market for art was not
flooded by commercial (made to sell) crap and art subsidized by the
government. perhaps the market would change if teachers started emphasizing
value instead of price. i won't be holding my breath. i will be making as
much fine art as i can and giving it away or storing it. it makes no
difference to me. pomp hardly impresses me and i tend to throw cereal boxes
in the trash when they are empty (although i will be checking out my next
Total corn flakes closelyHEHEHE)
i suggest that all the people who i may have upset attack me viciously
for my grammar or spelling or lifestyle or whatever, because you will have a
hard time refuting my logic or premise .


"i only indulge when i've seen a snake, so i keep a supply of indulgences
and snakes handy"

ZALT@AOL.COM on sat 9 dec 00


What you said is true. However there is the thing called the break even
point. If you do not make what the break even point says you should make
then you are out of business.