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Segmented pricing (Read 1,763 times)
 
Ed Weber
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Segmented pricing
Feb 13th, 2009 at 12:09pm
 
I know no one can give me an exact formula, but is there a rule-of-thumg for pricing segmented work?
I know I have to consider the size, the number of peices and the type of wood. Is there anthing else I need to figure in?
Thanks
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Jeff McDonald
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Re: Segmented pricing
Reply #1 - Feb 13th, 2009 at 12:19pm
 
Here is a formula that I have been working on:

Count up the number of rings you couldn't use that were gapped, too big/small or not flat.  X$10 each
Count up the number of segments you couldn't use that were too short.  X$2 each
Count how many times you had to peel glue off of your fingers. X$2 each- if it was CA glue, double that
Count the total number of times you screamed and said, "WHY CAN"T I DO THIS?!?!?!". X$10 each
Count how much Irish Whiskey it took to emotionally get you through the project. X$4.50 per ounce
Add all of those up, divide by the total number of segments and then go get as much money as you can for it!!!

It is a formula that may need some tweaking, but so far it working out pretty well.  smiley=beer.gif smiley=beer.gif smiley=beer.gif

Jeff
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« Last Edit: Feb 13th, 2009 at 12:22pm by Jeff McDonald »  

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Re: Segmented pricing
Reply #2 - Feb 13th, 2009 at 1:00pm
 
Jeff
  I love it, first good laugh I have had in a while.
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Ed Weber
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Re: Segmented pricing
Reply #3 - Feb 13th, 2009 at 2:18pm
 
That was too funny and you owe me a keyboard.  Smiley

Usuing your formula I don't think very many people could afford segmented work.
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Re: Segmented pricing
Reply #4 - Feb 13th, 2009 at 8:11pm
 
Jeff wins the thread.  smiley=lolk.gif
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Re: Segmented pricing
Reply #5 - Feb 13th, 2009 at 9:24pm
 
Grin Grin Grin Grin Grin Grin Grin

using this formula, i would get between $6,000 and $7,000 each.
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Re: Segmented pricing
Reply #6 - Feb 14th, 2009 at 1:32am
 
Heard someone say a couple of years ago that a segmented piece should sell for 3-4 times what a solid piece of the same shape and finish quality would sell for in the same market. 
CoolRev. Doug Miller
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Re: Segmented pricing
Reply #7 - Feb 15th, 2009 at 12:09pm
 
lots more time invested in a segmented piece.  have to consider that.  although, you use less wood.
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Re: Segmented pricing
Reply #8 - Feb 19th, 2009 at 12:14pm
 
Thanks everyone, I am very new at this whole pricing thing. I did finally finish the peice I was curious about.
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Can anyone give me a clue, even a wide range would be nice, thanks.
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David Hamann
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Re: Segmented pricing
Reply #9 - Feb 19th, 2009 at 2:05pm
 
i agree with Tom, it should stay home.  but if i were to sell it, i would shoot for at least $200+++ smiley=thumbsup.gif smiley=thumbsup.gif smiley=thumbsup.gif
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Ed Weber
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Re: Segmented pricing
Reply #10 - Feb 19th, 2009 at 2:10pm
 
Dave, I think you are pulling my leg.
Thanks anyway
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Re: Segmented pricing
Reply #11 - Feb 19th, 2009 at 2:14pm
 
Ed Weber wrote on Feb 19th, 2009 at 2:10pm:
Dave, I think you are pulling my leg.
Thanks anyway


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Re: Segmented pricing
Reply #12 - Feb 19th, 2009 at 3:46pm
 
Sorry Dave I didn't see anything on that link that is even comparable to his. Far as I am concerned if it has to be sold should be around $600 or greater.
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Re: Segmented pricing
Reply #13 - Feb 19th, 2009 at 7:59pm
 
No way am I an expert, but with the 3D effect and the amount of time it took to come up with this design and the finished product, I'd have to ask for 300 on the low end and up to 600 on the high end. I'd price it high and go from their and by no means dropping the price to the first person who shows an interest.

If someone really finds this piece worth their attention and keeps after you for it, get them to off you "their" best offer and go from their. It never hurts to see what one is willing to pay for your work, once you get an offer, then you know what you can do as far as what your willing to let it go for. If its with in "your" price range, then make the deal. Just don't give something away just so you can make a sale.

To me, this is a keeper in my book, but if your not happy with it and want to sell it, then get what you think is a fair price for it. A "true" collector will see the beauty in this peace and will be willing to pay for it.
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Ed Weber
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Re: Segmented pricing
Reply #14 - Feb 19th, 2009 at 8:12pm
 
Thanks for all the compliments and info. I had no idea that these could sell for so much. I probably will end up keeping this, for now anyway. I hope I can do a bit better on the next one. Thanks again for all the kind words.
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