After a personal 10 year hiatus I've re-entered back into the "art world." I've been researching on my own to determine what the fair market value people will spend on new artists. I've seen some crazy things so far and I think that $100,000 for a photograph for some artist off the "street" is a bit much. Now if you happened to be an Ansel Adams or heck Clyde Butcher I might see that. Anywho I think many new artists probably worry about dollars over quality.
Me I work 2 jobs, neither have anything to do with art. So yeah I worry about the money. I could churn out what everyone else churns out and ride the wave. Sure i'd be making money with my art, but I'd hate myself for dong that. I could do what I always did before. Which is make my own personal vision and not give a damn what anyone else wants me to do. I am not your "art above the sofa" guy. Basically my art is an extension of who I am. If you wouldn't invite me in for a drink, you certainly won't buy my art.
So what is the fair market value for my art? I'd like to think my art is worth something to someone else. Personally I'd be happy with $500 a pop. After taxes and commission I'd probably make about $300 per piece. Still not bad. Am I worth $1000 or $5000? Maybe in about 10 years of continuously working as an artist I'd be moving stuff like that. Until then like most working artist I'll keep my day job. I'll take those commissions and sell my personal visions when I can, for the low sum of $500 a pop.
10 years from now though might be another story... :P