Pricing prints when the same image can be reprinted forever
Last month I sold a large metal print of a shot I took in Anza-Borrego, a lone ocotillo against the Milky Way core. Buyer loved it. Then I got a second inquiry for the same image a week later, and it made me stop and think about how I'm pricing.
With a painting, the original is the original. There's a built in scarcity. But with photography, I can print that same file on metal, canvas, paper, in any size, for as long as I want. The cost of the night I spent out there, the hours of stacking and processing, none of that changes. But the perception of value does when a buyer knows the image isn't one of a kind.
I've gone back and forth on limited editions versus open editions. Limiting feels a little artificial, but open edition pricing is hard to anchor.
How are other photographers here thinking about this? Do you cap your editions, tier your pricing by size, or just let the work sell without restrictions?
Something that's helped me think about this differently: instead of agonizing over limited versus open, I started focusing on building out a real range of price points from a single image. One file can become a dozen or more products. Small prints on paper at the low end, then stepping up through canvas, metal, larger sizes, and eventually a limited edition tier with a signature and certificate for the higher brackets. I mark things up enough from my production cost to leave room for the occasional discount, because in my experience more work moves at a sale price than at full ask. I've also found that having at least one option priced surprisingly high, even if it rarely sells, reframes everything else around it. Buyers calibrate by comparison. The range does the heavy lifting that scarcity is supposed to do.
Daren, I like that approach. Right now I have paper, metal and canvas at different sizes. Can you route me to your website to see how you place a print that is limited, with signature and certificate? Thanks much! my email is psmorahan@gmail.com if you want to send there.
That makes so much sense. I want to bookmark this so I can come back to it to remind me how to price my work.