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The Lowest Prices in Town

by Carolyn Henderson on 11/8/2011 9:27:44 AM

 

This article is by Carolyn Henderson, the managing half of Steve Henderson Fine Art. She is a Regular contributing writer for FineArtViews and her  freelance writing appears in regional newspapers, online magazines, and her humor blog, Middle-Aged Plague.


Long before there were Wal-Marts and Cost-Cos, the low-priced leaders of the day were warehouse grocers: dreary, drab cement-floored buildings with cardboard boxes of packaged food stacked in the aisles.

The secret to the low prices, we were told, involved shoppers grabbing a black grease pen and writing the price (the right price, it was fervently hoped) on the item. The checker hit buttons, then hurled our wares down the counter, where we dodged her aim and bagged our own.

“Save MONEY!” one store in our town at the time shouted. “We have the LOWEST prices in town!”

This always confused me, because another shop in the area blared, “No prices LOWER than ours!”

Even more confusing was that, if we went to the local Safeway or Albertsons, where we didn’t have to use the grease pens and the checkers didn’t throw things at us, we paid a penny or two, maybe a nickel more, but sometimes less.

How could all four grocery stores in this town have the lowest prices?

Okay, so maybe this sounds like the naïve question of a 20-something-year-old college student, but it always bothered me that each store was so adamant that it was the Leader in Low.

I’m not a college student anymore, and the stores with the grease pencils are just a memory in the mind of someone who hasn’t been 20-something for two decades, but I still stop short and analyze claims that don’t make sense:

“This artist is selling Selling SELLING!”

“My blog hits are down – I’m averaging just under a thousand a day.”

“Don’t you have 2,000 people on your e-mail newsletter list? I didn’t find it that hard.”

“The first 500 follows on your Facebook page may take a few months or so, but after that you’ll find yourself at 50,000 in no time.”

When I’m in the mood, I pursue some of these statements and find out that things are not always as they seem – the artist who is selling out his inventory is doing so at cut-rate prices not paying for his time or supplies; the blogger has a major monthly budget for advertising; the newsletter writer is spamming; FB-BS, I haven’t figured this one out yet, but then, I also can’t understand how people get 200,000 followers on their Twitter account, given what they tweet about.

These are tough times for artists. As the Recession drags and lingers on, people who are told daily in the news that the Recession is dragging and lingering on are limiting what they buy. They’re not not buying, mind you – we Americans are not the type to go on an indefinitely austere diet – but they’re also not sashaying through the galleries and scooping up a still life for the kitchen and a figurative for the bathroom.

The Norwegian Artist and I, having entered the fine art fray at the beginning of the Recession, never knew these halcyon days of energized impulse buyers – we spoke with one gallery owner who recalled people walking in, eating lunch at the onsite restaurant, and picking up a painting on the way out.

“Not anymore,” she said sadly. “Now they come in three, four times, and they still don’t buy.”

Not all artists are struggling; there are those, indeed, whose sales are decent, even quite good, but I’ll lay a bet that even these artists are seeing less activity than they did in 2006. For all of us, this difficult time is an opportunity to question how we’ve always done things, whether there’s a new way of doing things, and what we could try that’s outlandishly beyond anything we ever accepted thinking about before.

We will all get through this, because we have to.

It’s highly likely that your sales are down, but rather than consider yourself some sort of failure because other people are selling, and selling well, because they tell you so, just remember your local grocery stores – all eight of them – each of which has THE lowest prices in town.


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Related Posts:

Pricing Art Online: If you want to sell art you must list prices for your art

Art Pricing Strategies 3

The Politics of Price

Don’t Use Price as Marketing Strategy

Realistic Pricing Practices

Yes, You Should Post Prices on Your Art Website

Pricing Your Art


Topics: advice for artists | art history | art marketing | Carolyn Henderson | FineArtViews | sell art | selling art online | selling fine art online 

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 25 Comments

Jana Botkin
via faso.com
So true, Carolyn! I'm a firm believer in the Recession being mostly created and fed by the news that tells us the sky is falling.

All those claims to blogging success if you take my webinar, sales techniques that can't fail ("Quit pushing me because I'm on the Dave Ramsey plan!"), all those social networking promises - one could spend an entire day or week or month just pursuing them instead of making and selling art.

And, I remember thinking back in the pre-recession days that sales were okay but looking forward to improvement. Who knew that those were the peak times??

If I could make it through the steep learning curve of the beginning of my career, I can certainly make it through these times. ("AND YOU CAN TOO! JUST ORDER MY BOOK BLAH BLAH BLAH. . . ")

Susan Burns
via faso.com
Carolyn, your article today is so timely and so very needed! I remember the grease pens and the implied savings very well. Your comparison is exactly on point for today's art market. I, too, have heard the "numbers" game being tossed about by fellow artisans and worried that I was doing something wrong. Thank you for your wise words in reminding me that all is not as it seems. Like any art medium, words paint pictures of one's hopes and portray illusions that may not exist--even in the marketplace.

Brian Sherwin
via faso.com
As for HUGE Twitter follower numbers... some of those are bogus in that the person has hired a company that uses workers in India to boost numbers -- kind of like how workers in India will visit a website to manipulate traffic. You pay... those workers follow -- and BOOM. Then more people follow because obviously you are awesome. LOL

That is not always the case... but whenever I see someone with a huge number of followers -- not counting celebrities, online personalities and the like -- the red flag goes up... more so if they only have a few followers.

When you see those social media gurus on Twitter offering to increase your followers for a few hundred a month they are not exactly fibbing... they look to India based companies... and BAM.

A lot of start-up websites -- specifically social networking sites -- start by using those companies as well.

tom weinkle
via faso.com
Well, I do believe that Kim Kardashian and Snooky have millions of twitter followers...whatever that says.

I think we each have to focus on what works for us. We have to be very sensitive to the facts we find before us and as you say "get through this because we have to" by producing good work, and building a collector base in the way that fits with our art and our nature.

I find it funny that in most industries where people publicly claim to have made a ton of money, they suddenly have all this time to sell us their secrets. It just doesn't seem authentic to me.

What I have also observed is that the most successful people work really hard at what they do to stay successful.

This model makes the most sense to me.

Thanks for another great post.

tom

Brian Sherwin
via faso.com
Tom -- Ever notice that the 'get rich quick' guys on TV tend to end up in prison or facing huge tax problems? ;P

As for art and making money -- I do think that part of the problem is that most artists want to make thousands from each piece they create. Thus, you end up with artists who have horded hundreds of painting, for example, that never sold. What would happen if those works were priced with the lower income collector in mind?

Heck, if you sold two hundred paintings for $200 a pop that is a nice chunk of coin -- and far better than sitting back with paintings that are gathering dust -- with a track record of attempting to market them for thousands.

I realize that such a low price would only be realistic in certain situations. If you can create decent paintings relatively quickly... maybe that route is best? Which is better -- making a real living from art that is priced with lower income art collectors in mind... or waiting for your art to magically go for thousands?

Now I know people will say, "but that will hurt your market in the future". Even I have suggested that at times depending on the situation... BUT the kicker is that there are so many artists who don't have a market in the first place... and they have all this art that they think will go for huge dollars later down the road. Maybe it will. Maybe it won't.

Point blank -- there is nothing wrong with making a living, or part of your living, now with art instead of sitting around with tons of art that will likely never be sold to the big money crowd in the first place. I'm just being realistic.

I read some data not long ago that suggested the average income for a fine art painter working full-time in the studio is between $30,000 and $40,000 per year. True, there are artists who can reach those numbers selling one or two works of art a year -- but I wonder if the majority of them reach that level of income by selling for a few hundred a piece... or lower. That would all depend on how fast the artist can create art that people want to own... and obviously other factors.

Debra
via faso.com
Interesting article!
Brian, I'm sure you know what you are talking about when you said companies hire companies to boost their “like” counts. I was surprised you used India as an example (I'm probably wrong). I would think that most of the population in that area would not have access to computers.
When it comes to graphs, charts, etc., I don't believe any of it because it is all manipulation from people who lie and leave out facts, to make themselves look good.

My 2 cents,

Debra Heard


tom weinkle
via faso.com
Great questions and points Brian!

Carolyn Henderson
via faso.com
Jana: Great point -- if you've made so much money with your secrets, then why are you passing your secrets on to me? And yet, the books keep selling. Sigh.

Susan: I hated those pens. They really were greasy. So were the establishments that used them. Amazing how things don't fundamentally change; they just change form.

Brian: THANK YOU! I could never figure out how someone's cat or lizard or 79-year-old grandmother was picking up 100,000 followers when their posts looked like, "Sunshine? Bah!" Your explanation is so simple, yet it makes much sense.

Tom: You know what bothers me most about Kim Kardashan? Her entire claim to fame seems to be based upon the size of her butt, which means that I, and millions of women like me, should be famous indeed. Shallow shallow shallow. We artists must continue to influence our society to seek deeper, better things.

Brian: the ever present price thing -- not so high that no one buys, but not so low that your dignity is ground into the bottom of the buyer's shoe.

Debra: as a frustrated phone and Internet provider customer who speaks to more people in India than I have cousins (my mother is one of 11 procreative children), I can assure you that there are plenty of computers over there. Just not people trained to solve your problems.

I agree with you about numbers and charts -- once someone starts trotting those out, my first thought is, "You're trying to convince me to do something that I don't want to do." But dang, they're good at it, aren't they?

Esther J. Williams
via faso.com
Carolyn, yesterday on my way home, I drove by a new business on the coast highway in a posh neighborhood. They sell mag wheels and very fancy ones. I was driving forty miles an hour and saw all this glistening, sparkling and gold colors popping off these wheel rims hanging on the walls. My thought was, I bet they opened up here because they think the rich are going to buy these for their Hummers, Range Rovers, Rolls Royces, Mercedes, Ferrari`s and Lamborghinis. They studied the demographics of the area before they put all that money and effort into this business. My next thought was, if people are spending money in this area for that product, I can not say the economy is hurting everyone. It made me feel good for a tiny bit that people have expendable funds. If I did, I don`t think my old Jeep would look right in diamond cut wheel rims with spinners.
In creating our art, we don`t make it all sparkly to attract a buyer. I thought about this long ago, how people will spend tons of money on diamonds, but if we paint a diamond, no one will buy it. It is a matter of taste in art that attracts a buyer. We just need to keep creating the best art we can. It is hard sometimes, we are not product makers. We are humans with a creative spirit that love to express, we never know what we are doing next. It is nice to know that some sell so we can keep doing this wonderful thing of creating art. As long as we remain true to ourselves, we never know where the next sale and delightful buyer will enter our lives. That is the mystery and joy of being an artist.

Sharon Weaver
via faso.com
I guess I am a skeptic. I always question statements that contradict my experience and analyze the data. Nine chances out of ten the original statement isn't the whole story so when an artist told me he sold a large number of paintings at a show I asked around. Turned out the artist was counting $25 prints as paintings. I guess misrepresenting the situation helps the artist feel successful and adds a positive buzz which can help sales. The art business is just that, a business so follow the money and you will usually find the motive.

tom weinkle
via faso.com
THAT'S GOOD SHARON. NOT THAT I FAULT THE ARTIST FOR PROMOTION...IT FOLLOWS THAT OLD ADAGE ABOUT EVERYONE WANTS TO DEAL WITH THE ONE IN DEMAND. WHO KNOWS!

Jo Allebach
via faso.com
It is amazing how much truth stretching goes on in art, the rest of the merchandising and in politics. Thanks for reminding me of that.

Lisa Mozzini-McDill
via faso.com
It had to be said, bravo!

George De Chiara
via faso.com
Artists stretch the truth about sales...No it couldn't be. It's not like they are putting those red dots on works that haven't really sold... Oh wait, some have been know to do that.



Margie Guyot
via faso.com
One thing that's often on my mind is: how does the IRS expect us artists to be showing a profit in this economic climate? There's always the spector of facing an audit, of being told our activities are merely a hobby. What do they expect these days? I do keep very good records. And this past year I've focused on painting quite a large number of 6x6", gallery-wrapped oil paintings. I carry the painting around the sides, so there's no framing expense. Depending on the subject, these can be done in about an hour. They've been my best-seller this year. Sure, I'd rather be painting big still lifes, but at least I'm getting some kind of income from the "itty-bitties".

Lori Woodward
via faso.com
Jack White calls unsubstantiated claims - puffery. And lots of artists do it. I can think of several artists (none who are commenting here... BTW) who have extremely amateur work and their sites claim they have won numerous awards. Where did that come?

I've taught some of these in my art marketing workshops, and these same folks think the trick to selling artwork is all in the marketing... and has nothing to do with the quality of the work itself.
That is so backwards!

All the artists that I know personally who get the most money for an original work of art - are the most masterful painters. They didn't always get over $100K for a painting; but their work was never "cheap" and they never cranked out paintings like a factory worker.

A few weeks ago I bought Christine Kane's DVD kit and workbook that was compiled from her last seminar, and listening to how she's helped many business women jump to 6 figures has got me thinking in different ways. Lately, I've been taking a good look at some of the artists who sell their work for prices that most of us will never be able to pay....

Christine basically says that if we want to appeal to a higher priced crowd, we need to offer high enough value to capture their attention. The marketing comes in after the valuable work is created.

Gosh, there are so many ways to sell artwork, and what works for each depends much upon style, how long it takes to make a painting, and personality traits. There's no "one plan fits all". I have friends who do paint over 200 paintings a year and sell most of them for lower prices and make 6 figures. Other friends paint only 10 a year and make even more, but they come from totally different approaches to their market.

One of the things that Christine's got me pondering... levering my income. Richard Schmid has never listened or even knows who Christine Kane is, but he certainly is doing what she recommends. He leverages income by pricing his originals high (which are truly masterpieces), then he offers lower priced reproductions, books and catalogs for those of us who can't afford the originals.

So to sum this up, we can either sell a lot of small, quickly executed works for lower prices (which works for many), or if we're able to paint well enough to attract the same collectors' eyes as some of the more famous artists, we can paint fewer pieces - that must be regarded as masterpieces, and then price high.

Then there is leveraging income - which I'll be writing about later today for Fine Art Views. If our prices are high, we can offer giclee prints, books, how to videos, and other products that bring passive income. Richard Schmid, Clyde Aspevig, and Nancy Guizk all do this.

But you're saying... I'll never be the painter that any of those people are. Maybe not, it all depends on how much you know and how you put that knowledge to use in your final work. There are artists who work in a variety of styles and mediums who are doing well with sales and making a living right now.

Who says we can't get really great at our work? The only thing that holds us back is time, effort and knowledge. Making art is not fast - making masterpieces is much slower. The principle of supply and demand is always in vogue.

First make great works of art - build a body of work, then market it. All the bragging and puffery in the world will not make up for an artwork that takes their breath away.


Susan Burns
via faso.com
Margot

Our gallery has started carrying 6x6 oils and 4" bronzeworks by local artists this year...a specific focus. I believe this is an important venue for your art just as it was in the early 1900s when our country's financial system was floundering as it is now. Miniature art keeps artists painting, is affordable to enough people to keep art moving...and besides, they are just darn cute, fit everywhere, and make great stocking stuffers for Christmas!

Lori Woodward
via faso.com
The last line of my comment didn't make sense... I got it kinda backward, but then I keep thinking it's Thursday today, and it's really Wednesday...

Thanks Carolyn, for this thought-provoking post and for all those who have offered their input and experiences!


tom weinkle
via faso.com
Like your ideas Lori. It reminds me of an analogy I heard from Anita Louise West. Art careers are like bicycles. The front wheel is your skills, and knowledge, the back wheel is the marketing and sales. If you try to put the back wheel in front, that bike usually won't ride very well, and someone's gonna get injured.

Lori Woodward
via faso.com
Tom, that is such a great quote by Anita! I've spent many fun hours with her whenever she was in Putney or when I had the pleasure to paint or have dinner with her while in Tucson.

I'll ask her if I can use it in my workshop! It's so perfect!


Brian Sherwin
via faso.com
Debra -- Basically if you want anything Internet based (or phone based) done on the cheap you go with India. I'm not saying that all websites buy clicks -- but some do... and the search engines have long worked to corner it because it is technically a form of manipulation. Those India based workers are just doing their job though.

There also seems to be a lot of email list services that are India based -- as in you purchase an email list that is catered to your market. However, many of those lists are harvested -- so you never really know if what you are buying is a legitimate (legal) list to use.

I'll tell you though... there are galleries in the US that do the same thing.... offer their email list for a price. Yep -- I've seen a lot over the years... if you ever get hit with a random invite to an art competition that might be why... not to mention that some sites harvest artist emails on their own.


Debra
via faso.com
Thanks Brian for the information.
My downfall is I'm so gullible at everything I'm told, until I find out different.

Thanks,
Debra Heard


Esther J. Williams
via faso.com
I really enjoyed this little spurt of activity this morning on this article. Lori, you really know what you are talking about, that was a great pep talk. Now I get to use the word puffery when I see these types of fast talkers. Reminds me of the word hogwash.
Carolyn, I like to talk the truth when it comes to sales, commissions and awards. Once in awhile I meet someone who talks up an opportunity for me to get involved with. One said there is so much action on their website for artists and people find it first on Google, also all my friends are joining it. Well, I took a good look and found it to be a whole lot of talk. I emailed a few of the artists on there to ask if they had sales and they said no. I do not like getting duped, so I do ask lots of questions and I do investigate.

With all this said, I need to do what Lori says, to paint more serious works, larger pieces to attract a certain type of buyer. Next weekend I must have one large piece done. It is time to get out the whip and get cracking!

Donald Fox
via faso.com
A good post that reminds that nothing is permanent, nothing is guaranteed, and truth is not always self-evident. It's also helpful to remember that what works for one doesn't necessarily work for another. Historically some of the greatest achievements have come from those facing the greatest challenges. Only persistence led to success.

Carol Schmauder
via faso.com
Thanks for another great post, Carolyn.

I also have wondered how so many claims of lowest prices in town could possibly be true (they can't, of course).

Your article provided food for thought, and I agree with Donald: only persistence can lead to success.












 

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