We asked a couple of our artists how their prices have changed so far in their careers and it’s pretty amazing! They all have said their work has at least doubled in value since they started selling their work professionally.
Logan Ledford
said in 2014
her 48 x 48" pieces were going for around $600
and now, in 2020, they are being sold for about $5,700! Crazy to think how much her value has gone up in such a short amount of time. If we break that down, she started out at a little over a quarter per square inch, and now it’s a two-and-a-half dollar price point per square inch. Which means her work has just under ten times more value today than it did when she first started.
Our artist
Kristi Kohut
told us that her pieces have a 25% increase in value each year since opening her studio in 2014. A piece that she made in
2010
(before her studio was even open—what a go getter!) that was 30 x 30" was
$750
and now, in
2020, she sells the same size at
$3,750.
We asked
Leigh Suggs
what her prices were like in
2010
and she said her pieces that were 30 x 30" were selling for
$2,000
and now, in
2020, they are being sold at
$4,500
a piece. She also mentioned how that is intentional not just for her sake, but also for those who have supported her and bought her work.
Art does not go down in value like a car, but goes up in value as it is enjoyed. It can add value to the space and be accumulating value at the same time. In addition to this it can also become something that you pass down in your family throughout generations. A financial asset, an heirloom, and an eye catcher in your home. Sounds like a great idea to me, but I might be a little biased.
