I am also a visual artist in our local country and I was a student of an Academe that specializes Bargue Drawings and Oil Painting and I think I can share with you some of the factors on how to price an artwork.
Pricing an Artwork is one of the most hardest part when you are entering the Art Market especially when you are just starting to make a name in the Art Industry. Choosing a right price can give the artist an anxiety and can put a lot of pressure especially when you are dealing with a client.
However, I am doing commissioned artworks drawn in Graphite and Charcoal Drawings that I advertise in my Social Media accounts that made me determine to set a pricing structure on my works. I will not tell an exact price since that is based on how artist invest their time and effort and it is perhaps subjective.
- Since you are using Oil Based Media painted on a Canvas then you are probably going to price your artwork based on your Medium Price, time, effort and any other resources you've invested to create those wonderful pieces just to cover your expenses. You will also need to increase your price if you are going to frame the canvas.
- You can also use the Size Based Pricing. You can either use square inch (h x w) or by the linear inch (h + w). For example, you have a 4×4 inches = 16 square inches x 3 = $48 or 4+4 inches = 8 linear inches x 10 = $80
- And since you are in this community. selling this with BTC is a good idea, if you have decided what price you are going to sell your artwork then maybe you consider converting USD in BTC at its current market price.