Wood artists determine the pricing of their work through a careful balance of material costs, labor hours, and market demand. High-quality hardwoods like walnut or mahogany significantly increase material expenses, while intricate designs require more time and skill, raising labor costs. Artists also consider their reputation and exclusivity—limited-edition or custom pieces often command premium prices. Market trends and buyer willingness to pay further influence final pricing. Additionally, overhead costs like tools, studio space, and marketing play a role. By evaluating these factors, wood artists ensure fair compensation while remaining competitive in the handmade woodwork market.