LumberJocks

Pricing your work (the guessing game)

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Blog entry by rance posted 07-24-2012 05:22 PM 1699 reads 0 times favorited 5 comments Add to Favorites Watch

I’ve seen here on LJ from time to time blogs or forum topics discussing how to price your work. Some very good discussions have come about and bantered back and forth. Some have more guesswork than others, but most are very informative.

After seeing different pieces posted here on LJ and elsewhere, I often just want to ask the artist or woodworker how much the piece is priced for, or what it sold for. But I consider that sorta rude. Maybe there’s an alternative.

I thought I would experiment here with a blog to provide both speculation and sometimes actuality as to the aspect of ‘pricing your work’.

I’ll organize this area at the top as sort of a summary and update the speculated price as I have time. If the builder wishes to reveal the actual price they have on the piece or what it actually sold for, then I’ll update that too. Although it might be good to wait on that reveal until the speculation has died down for that piece. If it doesn’t get too complicated I might try to organize links to the discussion of each piece as well.

Each piece will be numbered. If you want to add a piece, then just take the next available number. They can be your pieces, or other’s pieces.

To guess on a price, just include the project number and price as follows:

#49 $200 – Feel free to also provide comments regarding aspects that influenced your guess or why you priced a piece the way you did.

- – - – - – - – - -

PROJECTS SUMMARY:

#1
Click for details
Speculated price(averaged): $ 70 Actual $130

 

#2
(Add a project below and I’ll update it here.)

-- Backer boards, stop blocks, build oversized, and never buy a hand plane--



5 comments so far

View rance's profile

rance

4149 posts in 1913 days


#1 posted 07-24-2012 05:22 PM

I’ll begin with a piece of my own.

Click for details

This small bowl is a project that was inspired by another LJ. Feel free to guess what it sold for.

-- Backer boards, stop blocks, build oversized, and never buy a hand plane--

View Jim Jakosh's profile

Jim Jakosh

12383 posts in 1858 days


#2 posted 07-24-2012 05:56 PM

I’m guessing $70…..........Jim

-- Jim Jakosh.....Practical Wood Products...........Learn something new every day!! Variety is the Spice of Life!!

View stefang's profile

stefang

13633 posts in 2087 days


#3 posted 07-24-2012 08:59 PM

Personally I think pricing a piece or even knowing the sales price doesn’t really mean too much. Original pieces have no precedents to base the price on or to compare. Selling such an item can be very dependent on the venue where it is sold and of course how much a buyer wants it. So, a unique price and a unique buyer. Other more common items are of course easier to price as many previous sales pretty much establishes a market price for such an item.

Just my take on the subject. I might be missing some important point here.

-- Mike, an American living in Norway.

View rance's profile

rance

4149 posts in 1913 days


#4 posted 07-24-2012 09:53 PM

You make a very good point Mike. In fact I think you’ve even left some out (such as geographic location) that can affect it even further. Another factor that I considered including would be if it was a commissioned piece or if it was built to sell to the general passer-by. Thanks for your input.

-- Backer boards, stop blocks, build oversized, and never buy a hand plane--

View rance's profile

rance

4149 posts in 1913 days


#5 posted 08-30-2012 12:56 AM

Well, #1 sold for $130. Who’d have guessed.

-- Backer boards, stop blocks, build oversized, and never buy a hand plane--

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