I've finally got round to doing something I intended to do after a post I wrote in 2009. That dealt with How much are you paying yourself?
How to Work Out Profit from an Art Sale
How to Work out Profit from an Art Sale.
- This is for Artists wanting to understand the full costs which supported your creation of an artwork and how much profit they made from a sale
- It identifies
- a full cost approach to calculate actual profit from the sale of an artwork
- enables an estimate of an artist’s hourly rate of pay
Compare hourly rates of pay
You can also compare hourly rates of pay to the median hourly rates of pay in £ recorded for artists / graphic designers in the UK via the Payscale website. (Note this chart updates automatically as new data is reported)