The edition math nobody talks about: €220 for a 30-edition etching
I finally did the real math on my last edition and it's worse than I thought. Thirty prints, edition of 30, sold at €220 each. Sounds fine until you count what's actually in it.
The plate took me six weeks of drawing and biting. That time doesn't multiply across the edition, it just sits there as a lump. Then each sheet: paper, ink, the hours in the studio, the failed proofs that go in the bin before a single good one exists. Two plates cracked before I got one to bite right.
So €6,600 gross on the edition. Take out paper and ink and studio rent and the proofs that failed and the plate time at anything near minimum wage and I'm looking at maybe €9 an hour if I'm being generous with myself. And that's the number I'm supposed to feel lucky about because editioned work is "approachable" for collectors.
What I can't figure out is where the line is. Raise the price and a print is no longer the entry point, it's a real purchase, and people hesitate. Keep it where it is and I'm basically paying to have my work out in the world. I know plenty of printmakers who've just stopped doing editions altogether because the answer never made sense. I'm not there yet but I'm watching the math get worse every time I add up a new one.
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People always do that math on the sold-out number and never the real one. The six weeks on the plate is the part nobody counts because it doesn't show up on any one print. But it's the biggest line on the sheet.
I'd add that the math gets worse the longer you work. Early on your plates bite on the first or second try because you don't push them. Twenty years in, you know exactly how far you can take one, so you push it until it fails. The failed proofs are a skill tax, not a waste.
Only thing I'd push back on is edition size. At 30 you're pricing scarcity into it. If the demand's there, an edition of 50 at €150 gets you more gross with the same plate. But that only works if the market wants 50. If it wants 30, you're stuck with the honest number.
Either way, €220 is what it costs to make, not what it's worth. The margin's the thing that keeps you doing it at all.
The skill tax thing is exactly right and I wish I'd said it that way. When I was starting out I'd get a plate right in three days and think I was fast. Now I spend two weeks pulling a plate back from a place I know is risky because I want to see if it breaks. That's not inefficiency, that's the work. And you can't charge for the attempts that don't survive, so it just gets eaten.
On the edition size, I hear you, but I pushed back on myself the other way. I could do a bigger run and drop the price, but part of what I'm selling is that there's a limited window on a plate before it starts to wear. Edition of 30 is a promise about the object, not a scarcity game. Though honestly, if I'm being real with myself, the scarcity framing is also easier than admitting the real number should just be higher.