Module 8
1. Module 8
1.30. Page 2
Module 8: Daily Living
Get Started
Have you considered an occupation that involves earning income through art? Because of their love of art and their desire to share their talents with others, artists seldom pursue their artistic careers based only on how much money they will earn. Nevertheless, earning an income is an important consideration.
In Example 1 you will consider how the length of time to create a work of art translates into hourly income. The scenario involves custom work.
Example 1
An art collector has approached an Inuit carver with a request for a stone carving similar to one the collector has seen in a photograph. The carver estimates it will take him 20 h to complete the carving. If the artist wishes to earn $25.00/h for his work, what is the minimum the artist should charge the collector? Use a table like the one shown here to organize your data.
Hemera Technologies/PhotoObjects.net/Thinkstock
|
Completion Time |
|
|
Desired Hourly Wage |
|
|
Carving Selling Price |
|
Solution
|
Completion Time |
20 |
|
Desired Hourly Wage |
$25.00 |
|
Carving Selling Price |
$500.00 |
*Artists will factor in material and tool costs as well.
20 h × $25.00/h = $500.00
Self-Check
Work with a partner, if possible. The question refers to Example 1.
SC 1. If you are interested in art as a career, what questions might you ask an artist about how she sets a price for her work?