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12 1/2 x 1 1/2 inch sycamore fruit bowl/platter. (Read 590 times)
 
Andy Mauger
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12 1/2 x 1 1/2 inch sycamore fruit bowl/platter.
Aug 26th, 2009 at 11:32am
 
Hi all.

I have hit a bit of a wall. For the life of me, I have no idea how to figure out "pricing" for items.

eg: I have just finished a 12 1/2 x 1 1/2 inch sycamore fruit bowl/platter and have been asked how much I would want for it.

I know that you have to account for the initial cost of the wood, the labour time and of course a profit, but I am still non-the-wiser.

If you were me, what would you price it for?

It took roughly 4 days or about 9-12 hours, the inital blank was about 11.

any help, advice more than welcome.

Andy
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Leo Frilot
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Re: 12 1/2 x 1 1/2 inch sycamore fruit bowl/platter.
Reply #1 - Aug 26th, 2009 at 12:19pm
 
My price guide is $10 per inch up to 10".  Anything beyond is $12.50 per inch giving a selling total of $156.25.  Add the cost of the blank and voila!  Try that and you can always deduct a little.  "Well, since it's a bit shallow I'll knock $15 off."
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Marc Hathaway
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Re: 12 1/2 x 1 1/2 inch sycamore fruit bowl/platter.
Reply #2 - Aug 26th, 2009 at 1:56pm
 
I was just looking around today trying to figure out a pricing system.  I think Leo's right based on what I was seeing.  I figured on $10 per inch up to 10 inches.  Most of the prices I saw for things over 10 inches ranged from around $11.50 to $13.50. 

I would adjust the price based on material cost and any special detailing or finishing.  You should also check your local market pricing.  No sense selling yourself short.
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Roger_Smith
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Re: 12 1/2 x 1 1/2 inch sycamore fruit bowl/platter.
Reply #3 - Aug 27th, 2009 at 4:27pm
 
Andy, everything depends on location, location and location.  I have not been able to get $10/inch for any bowl unless it had some fantastic figure, color or other characteristics that increase the value.  Most turners around here are pricing 10/12 inch bowls about $50 to $70.  I am not telling you to price it less, but, just check the market in your area.

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