an old peice, just thought i would post it for fun.
My immediate impression is that you would benefit from painting draped cloth from life before doing something like this from imagination.
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On first impression, It's missing form under the cloak. Where are the shoulders, the arms, the legs, what stance is this form in, etc?
well the whole point of the piece was that its just a draped cloth over an undefined form, but due to the cowl you could tell that someone/thing was in there.
As is now, it looks like the cowl is draped over a broom. They are completely right about there needing to be a form under there that is better defined. I also agree that you should really try your hand at - even just a couple - drapery studies (from life, or even photo ref. I'd suggest starting back at square one. Draw your figure. It won't convey any messege if it is just a mass of.. well.. mass, without any form. So draw a regular person as your starting point, and if your basic knowledge of anatomy and proportions is good enough to start with, you should be able to deform it into pretty much any creaure you have in your head. THEN add the drapery OVER it. Once you understand where important landmarks in the draped figure are - the head, shoulders, hips, knees, etc., then you will be able to make the folds of the cloth look believable. Good luck though man, don't feel discouraged.
Well, it isn't very dark, and there is nothing to suggest lordly or mighty or anything like that. I agree that you need to suggest a form under the cloak. Also is it supposed to be floating in space? You have no cast shadows, no ground. . . is it supposed to be spectral? What is this figure the lord of? You had a concept in mind when you started this but we don't get any of it from the drawing. We the viewers need more visual cues before we can get a good read of this image.