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high end small market products also have a ton more costs associated with it. anything not made in a factory in middle america won’t have the economies of scale to be able to priced competitively. which is why artisan ice cream may not necessarily use better ingredients than hagaan daaz – but it costs way more to produce.
what a vendor does with a product after it’s purchased wholesale is hard to control.
i’m sure this has already been mentioned – but i didn’t read the OT yet
“i.e. Kens and MM are saying that just because you can get away with it for the higher end good doesn’t have any bearing on whether you can for the lower end one.â€
I don’t care what happens leading up to it (price of good wholesale, shipping, bodega overhead), I’m looking at the bodega owner who says, wtf, might as well see if I can get $5.50 for Ben & Jerry’s since it’s gonna be next to this $8 Van Leeuwan, it’s still gonna look like a bargain even if it’s a higher than it was a day before.
By etson on February 22, 2011 12:22 PM
“You charge what you can get away with.”
Whether or not that is right, that isn’t the issue.
The question is whether ‘what you can get away with’ for a high end small market product defines the pricing of a mass market product.
i.e. Kens and MM are saying that just because you can get away with it for the higher end good doesn’t have any bearing on whether you can for the lower end one.
THANK YOU ETSON! I feel like I am talking to a wall. We just said that Art or high end or low end niche doesn’t apply. I just made loads of ice creams and toy examples and Montrose made linens example and you’re still deterring to your hypothetical situations Jessi. Not sure what you’re trying to prove here.
AGAIN….Breyers or Haagan Daz ice cream pricing HAS NOTHING TO DO WITH what Van Leeuwen or Blue Marble charges.
AGAIN….40s pricing HAS NOTHING TO DO WITH pricing of six points or whatever other fancy beer price is.
I’m not really agreeing with what rob said, though, Jess. I was only pointing out that there are aspects of the market where pricing is subject to other influences. Art collectors are a whole other ball game but until i can establish my work, my pricing pretty much is a mishmash of regular market pricing and art pricing with some ego thrown in for good measure. What I think rob was saying is the people price higher gratuitously and that I don’t think is the case.
If you sail a yacht into the Red Sea you’re a fuckin retard.
They were apparently on some kind of bible mission. Probably thought God was on their side or something.
Kens- Don’t I wish I could price my work based on Van Gogh’s! :-D.
But the reality is, most artists and craft artists today actually price based more on consumer goods pricing, than art pricing. One major difference is that art pricing is broken up into a number of markets- dead masters are valued completely differently than contemporary artists who are living.
Collectibles and antiques usually have a long documented pricing history, whereas we can track the pricing for a Rembrandt, but sentiment does come into play there too, ergo the astronomical prices for old masters at auction where passion generally rules. I don’t know all that much about the contemporary art market but from the work I’ve seen, and the way galleries work, pricing really seems based on creating a desire and marketing. Only time will tell if most of that stuff was worth buying at all.
By BoerumHillScott on February 22, 2011 12:13 PM
Stock market is looking down today. Any hot tips on what to buy on a day like today?
It depends what you think it will do tomorrow and thereafter.
“You charge what you can get away with.”
Whether or not that is right, that isn’t the issue.
The question is whether ‘what you can get away with’ for a high end small market product defines the pricing of a mass market product.
i.e. Kens and MM are saying that just because you can get away with it for the higher end good doesn’t have any bearing on whether you can for the lower end one.
scott, you have some gold in your portfolio already to hedge against this global turmoil?