Personally, I think it is way too low.
Maybe if you are doing an assembly type of turning, but a one of a kind...
I sold a 5" wide x 7" tall spalted maple vase for around $135. Would that $10 rule apply in that case?
If so, then it would only have gone for $50.
Also agree that the cost of the wood has gone up as well. Not everything is free wood.
Possible that even at twice the cost of $20 per inch, it is too low.
I have to keep consciously reminding myself that my prices in my framing store have to keep going up to keep up with the times.
Everyone needs to remember how many hours they put into a piece on top of the cost of the wood and the idea of covering the cost of the tools and heating, lighting, etc.
Don't forget how much it costs for the finishes we have to buy and the sand paper...
At that amount, one ends up turning for about $2 or $3/ hour.
I would like to think I can recoup about $15/hour for my time to make anything in my shop.
Even if one is very good and can make a bowl in 3 hours with found wood, why should it be sold so cheaply?
Don't forget that the same bowl would sell for different amounts depending on where in the US.
A $50 bowl in Arkansas would be $150 in coastal, touristy, New England.
On a different subject, yet somewhat related.. I'm attempting to rent an apartment next to my house and the last time I personally rented, the cost was about $600/month. Now, mine is about to be rented for $950 and that is very close to the average in my area.
Costs go up over time and we need to keep up with them or get left behind.
Ok... I'm done rambling.