woodtickgreg said:I don't know, I may be way off base but for some reason $1200 seems a good asking price. All solid wood, hand crafted, not chinese. Now that I started the bidding the others will chime in.
I like your reasoning Kevin. I think I will try that in my next show.Kevin said:It's worth $500 if you get such an offer and are happy to sell it for that. Or it might be worth $2500 for the same reason. Unless you're manufacturing something on a production scale it's hard to set a retail price in my opinion. If you were making this exact table from jigs and pumping out 5 or 25 a month then you would be in a position where you'd have to set some kind of price.
Even though they would all have different grain and so no two would be "just" alike, you'd have a actual "model" say call it "The Cheyenne" and then IMO you have to have a business model to go along with it. But since it's a one-off I don't think you should, or can, set a concrete price. But if you want to set one anyway make sure it's a little higher than what your best guess is.
You can always take less, but you can never take more. In order to get offers on it don't forget to use the old car salesman tactic "O.B.O" Most people think that's not a good idea but ask any successful car salesman that "O.B.O." will draw in the offers like flies on molasses.
Let's say you're willing to accept $850 for it as your bottom line. If you don't like the stigma of the "OBO" then use some thing like this:
Handmade custom Ranch House style solid Pecan Table. $1200
(All Reasonable Offers Considered)
If you don't include the OBO type thing then you'll miss potential buyers who might have paid $850 or more for it but they don't bother offer since your sign indicates that your bottom dollar is $1200. Many people go to trades days and galleries and artsy type sales events with a set limit. Most do in fact, and if it is $1000 and they really like your table the $1200 sign tells them they can't afford it, but the "All reasonable Offers . . . " tells them they might be able to buy it. For shows etc. make the sign by hand - have your wife use her best "cursive print" with a wide felt pen to give the letters "tails".
These are just my opinions based on part experience and part observation. So take it for what it's worth.
:i_dunno:
Pretty table. The woodworker in me wants to see the under side.