How do you tell collectors your prices have gone up?
A subscriber asks:
I’ve recently seen a huge jump in the sale prices of my originals (from per-piece sales of $100 or $200 to per-piece sales of several thousand dollars).
I’m wondering whether it would be a useful thing to inform the customers who’ve bought my work before that their art is now worth more. On one hand, if I’d bought someone’s work when it cost $10, I’d really want to know if his or her current work is selling for $3000, because I’d like to know the market value of what I’ve got (and I’d like to be pleased to see an artist I’m patronizing succeeding).
On the other hand, I’m not sure if it comes off arrogant or snotty.
I’d love to hear your and other artists’ experience with these kinds of questions!