Prices and budgets

What art costs: how prices are set and what you owe the artist

A price is built from a few things you can ask about: size, medium, the artist's track record and the seller's cut. Start here before you haggle or set a budget.

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How art is priced: the factors, the formulas and what a fair price looks like

How artists and galleries set prices: career stage, size, medium, edition, gallery commission and the formulas behind them, plus how a buyer can judge a price.