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Rule No. 10

Ease Your Sticker Shock

Many first-time buyers are taken aback by the prices, even for pieces from emerging artists who are not in great demand. But making art costs money. This expense breakdown for a recent work by Chicago sculptor Alex Chitty puts things in perspective.

Photo: Courtesy of the artist and Patron Gallery

Title: For Another Who Isn’t, but Never Ceases to Be, 2016

Price: $10,500

Total production expenses $1,357
Materials $407
Bronze fabrication $200
Powder coating $200
Chrome plating $100
Shipping $450
Commission by Patron Gallery* $4,571.50
Net revenue for artist $4,571.50
Artist’s hours worked 150
Artist’s resulting per-hour wage $30
*50 percent of price, less production expenses
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