This post about the number of sales and the prices they sold for is specific to the Royal Society of Marine Artists. However it has a number of useful lessons for:
- more than one art society
- members and associates of the RSMA
- ALL those who enter open exhibitions by national art societies in London - and most especially those who exhibit at the Mall Galleries.
- more artists do better
- more artists make sales
- more artists improve their annual income from their artwork
- THROUGH more intelligent pricing of their artwork
General commentary on Sales of Artwork
- the associated online website for the artwork - and the fact this goes online before the exhibition in the gallery opens
- sales at the Private View - where it's a common expectation that a goodly proportion of artwork will be sold given this is an opportunity to be nice to collectors!
- sales during the time the exhibition is open to the public.
Number of Sales by Price Range
The remaining unsold artwork remains available for sale on the online art sales pages website
The chart below is based on an analysis of the 57 sales - splitting them by
- the artist as follows:
- RSMA - a full or associate member of the RSMA
- Open - an artist selected via the Open Entry
- different price ranges - based on prevailing price hurdle (eg 1,000) demonstrated at the Mall Galleries in the past
Analysis of the 57 art sales at the RSMA Annual Exhibition 2024 |
Click to see a larger version |
- there were 56 sales in total of which:
- 17 sales were below £500
- 48 sales were below £1,500 - and only 40 now in 2024.
- how few sales there were above £2,000 (during the pandemic)
- how the number of open artists selling has improved since 2020
- sales in the upper price ranges have improved since 2020 - but not by much.
- While the bottom price range (£350-£500) has been completely eliminated by the requirement for a minimum price of £600.
RSMA Sales Metrics 2024
- ones related to how one can categorise the artists eg members vs Open; men vs women
- ones related to the price ranges