Results 1 to 18 of 18
  1. #1
    Join Date
    Apr 2003
    Location
    Hollyweird, Ca.
    Posts
    247
    Thanks
    1
    Thanked 0 Times in 0 Posts

    Question Ack! Math... How to calculate in gallery commission?

    Ugh... I hate math, but you have to know it. Here's a math problem for all of you so inclined.

    You know a gallery will take a % of commission from each painting sold. Say 40%. Now, you know how much you want for a piece... say, $500.00. Now, how do you figure out how much the piece will end up being in the gallery?

    Anyone know a good (step-by-step, make it good and simple) way to figure this out on a calculator?

    Many thanks!


  2. Hide this ad by registering as a member
  3. #2
    Join Date
    Jan 2003
    Location
    Vista, CA
    Posts
    360
    Thanks
    55
    Thanked 108 Times in 23 Posts
    500 times .4 equales 200. So 200 is 40% of 500.

    If you want to know 50% do 500 times .5 equales 250. 250 is 50% of 500.

    20% you times by .2
    30% you times by .3
    ect.

    i think.
    “Figure out what you wanna do, then take a nap.”
    www.matthewstarbuck.com

  4. #3
    Join Date
    Feb 2006
    Location
    los angeles, ca
    Posts
    52
    Thanks
    0
    Thanked 8 Times in 5 Posts
    Didn't you ever take algebra?

    6/10x=500
    x=500*10/6
    x=833.33

    x=asking price
    6/10=gallery commision percentage as a fraction
    500=desired profit
    Last edited by mike yamada; October 26th, 2006 at 02:23 PM.

  5. #4
    Join Date
    Feb 2005
    Posts
    681
    Thanks
    0
    Thanked 0 Times in 0 Posts
    i think cenobite wants this...

    what to charge - (40% of what to charge) = $500

    which is something like "what to charge = what cenobite wants divided by 0.6"

    so... he puts the price at $834. 40% of $834, which is $333.60 goes to gallery. Cenobite walks away with $500 and 40 cents to buy some gum.

    edit> i'd go with mike yamada's technique... more $$$$$$$$$!!!!!!

  6. #5
    Join Date
    Sep 2002
    Location
    Southeast coast, USA
    Posts
    2,788
    Thanks
    511
    Thanked 507 Times in 342 Posts
    Uhh...Machzero is right.

  7. #6
    Join Date
    Sep 2004
    Location
    Tokyo
    Posts
    2,714
    Thanks
    373
    Thanked 439 Times in 170 Posts
    seriously?

    what Faxtar writes is of course correct but doesn't apply here. just calculate back using the example of 40%:
    200 = 40% of 500. (correct).
    but 500+200=700. now go back and calculate that 40% comission:
    700/100*40 = comission = 280.
    700 - 280 = 420. not 500; oops...

    again, in the example of 40% comission of the sale price you better do:
    comission = 40/100 of sale price.

    500 + 0.4 price = price
    500 = 0.6 price
    (1/0.6)*500 = price = 833 bucks.
    calculate back:
    833 - 40% of 833 = 833 - 333 = 500.

    edit - hadn't seen machzero's post.
    Last edited by tensai; October 26th, 2006 at 03:51 AM.
    tensai


    check the Tensai Tokyo Sketch Thread (Sketchbook)

    check the Tensai Cityscapes Thread (Finally Finished)



    Quote Originally Posted by strych9ine
    Fuck backgrounds, who needs em.

  8. #7
    Join Date
    Jan 2005
    Location
    CT, USA
    Posts
    2,451
    Thanks
    110
    Thanked 1,082 Times in 231 Posts
    Quote Originally Posted by mike yamada
    Didn't you ever take algebra?

    4/10x=500
    x=500*10/4
    x=1250

    x=asking price
    4/10=gallery commision percentage as a fraction
    500=desired profit
    i did?
    how about you?

    j/k...
    you are close.
    cenobite mentioned that the gallery would take 40%, but HE wanted $500.
    meaning his cut is actually the remaining 6/10 of x.
    so,
    6/10 x=500
    x=500(10/6)
    x=833.3
    - Dan Dos Santos
    www.dandossantos.com

  9. #8
    Join Date
    May 2003
    Location
    Hudson River valley, NY
    Posts
    16,202
    Thanks
    4,876
    Thanked 16,685 Times in 5,021 Posts
    mechzero, tensai, and DS got it.
    Of course, standard gallery commision is 50%, making the figuring really eazy.

    Tristan Elwell
    **Finished Work Thread **Process Thread **Edges Tutorial

    "Work is more fun than fun."
    -John Cale

    "Art is supposed to punch you in the brain, and it's supposed to stay punched."
    -Marc Maron

  10. #9
    Join Date
    Aug 2005
    Location
    Philly PA
    Posts
    3,389
    Thanks
    108
    Thanked 1,478 Times in 470 Posts
    I'd also add that, quite apparent in the example given, a nice round price for you does not always equal a nice round price for the customer and pricing a painting at $833 is kinda awkward. In those cases, I'd just go ahead and round to 825 or 850 if i were you. Odd prices (generally prices that are not multiples of 25 at this price range) are sometimes distracting and tend to call attention to the very arbitrary nature of pricing paintings.
    "Every little step considered one at a time is not terribly daunting" - Ethan Coen

    New books and process DVD available NOW!

    www.dvpalumbo.com

    Quickie blog (nudity)

  11. #10
    Join Date
    Jan 2006
    Posts
    7,024
    Thanks
    149
    Thanked 962 Times in 505 Posts
    just to make life more complicated...I deal with about 12 Gallerys. all but on of them take 50%

    Except overseas its price = what you want to recieve, times 2 (50%) plus VAT just to make things alittle worse.

    but an easier figure is price you want to recieve. plus gallery Comission+ retail price

    PM me if you need more info..I do do this for a living

    chaosrocks
    To see the world in a grain of sand, and a heaven in a wildflower, hold infinity in the palm of your hand, and eternity in an hour.

    Sketch book

    http://conceptart.org/forums/showthr...ight=chaos%27s

  12. #11
    Join Date
    Feb 2006
    Location
    los angeles, ca
    Posts
    52
    Thanks
    0
    Thanked 8 Times in 5 Posts
    Quote Originally Posted by DSillustration
    i did?
    how about you?
    ack. Goes to show that math is not meant to be done at 2am

  13. #12
    Join Date
    Oct 2004
    Posts
    283
    Thanks
    2
    Thanked 9 Times in 7 Posts
    Erm, or you could do this the easiest way of all.

    Divide your desired price by the value: 1-({gallery percentage}/100)

    Eg, you want $500.00. Gallery commision = 40%

    $500 / (1 - {40%/100})

    = $833

  14. #13
    Join Date
    Aug 2005
    Location
    Philly PA
    Posts
    3,389
    Thanks
    108
    Thanked 1,478 Times in 470 Posts
    $500 / (1 - {40%/100})
    are you sure that's the easiest way? because I think it's the exact same as Dan's except rewritten to confuse me. man, screw this math stuff, seriously
    "Every little step considered one at a time is not terribly daunting" - Ethan Coen

    New books and process DVD available NOW!

    www.dvpalumbo.com

    Quickie blog (nudity)

  15. #14
    Join Date
    Oct 2004
    Posts
    283
    Thanks
    2
    Thanked 9 Times in 7 Posts
    Of course its the same way, because its a generic calculation. Just this way, he only has to remember one single line of a calculation, and just plug in his two numbers. You don't need to know why it works, just that it does. And this one line is pretty easy to remember.

  16. #15
    Join Date
    Feb 2004
    Location
    Los Angeles
    Posts
    521
    Thanks
    7
    Thanked 54 Times in 31 Posts
    Pi is involved. Also a laser, I know that much.

  17. #16
    Join Date
    Mar 2004
    Location
    san francisco
    Posts
    879
    Thanks
    0
    Thanked 1 Time in 1 Post
    lots of gallerys determine their own commission. my buddy just sold a few pieces and the gallery took 50% and his agent took 15%, so he was left with shit. i would push for more than $500 profit.

  18. #17
    Join Date
    Aug 2005
    Location
    Philly PA
    Posts
    3,389
    Thanks
    108
    Thanked 1,478 Times in 470 Posts
    my buddy just sold a few pieces and the gallery took 50% and his agent took 15%, so he was left with shit.
    your buddy should try working a better deal. was his agent in any way even connected with the gallery sales? I know some agents and galleries will demand their cut whether they were involved in the sale or not, but I also think of these as people to generally avoid doing business with
    "Every little step considered one at a time is not terribly daunting" - Ethan Coen

    New books and process DVD available NOW!

    www.dvpalumbo.com

    Quickie blog (nudity)

  19. #18
    Join Date
    Jan 2006
    Posts
    7,024
    Thanks
    149
    Thanked 962 Times in 505 Posts
    unless you have a contr act with the gallery..I see no point in agents unless they are actually working foryou in a big way. But the standard gallery commission for art work is 50% has been for years. I suppose you might be able to brokera better deal if you are really really good, but I wouldn't count on it. The only way ythe gallery gets a cut if they did not make the sale is if they have a contract for an exclusive in a particular area. otherwise you sales are your sales. Don't undercut your gallery prices though thas tacky and unprofessional.

    chaos
    chaos
    To see the world in a grain of sand, and a heaven in a wildflower, hold infinity in the palm of your hand, and eternity in an hour.

    Sketch book

    http://conceptart.org/forums/showthr...ight=chaos%27s

Similar Threads

  1. SketchBook: Math's sketchbook
    By math-x in forum Sketchbooks
    Replies: 26
    Last Post: April 1st, 2013, 06:05 PM
  2. SketchBook: Math's sketchbook
    By math-x in forum Sketchbooks
    Replies: 0
    Last Post: January 13th, 2013, 03:02 PM
  3. Math and Art
    By Forecast in forum Art Discussions
    Replies: 2
    Last Post: January 16th, 2008, 09:48 AM
  4. Art schools and math
    By wild thing in forum Education & Schools for Artists
    Replies: 4
    Last Post: June 20th, 2007, 11:19 AM
  5. my Math Notebook (Big DL)
    By remedial in forum Art Critique Center
    Replies: 3
    Last Post: July 6th, 2004, 11:44 AM

Members who have read this thread: 0

There are no members to list at the moment.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Designed by The Coldest Water, we build the coldest best water bottles, ice packs and best pillows.