I have a friend who has been kind enough to paint an original painting for me.  I saw his work and asked him to do this painting as a present for my girlfriend.
He has finished the painting, and now we must negotiate a price.  I want to be fair and pay him what the painting is worth, although since he is a friend and an easygoing sort of person I am sure he will accept what I’m willing to pay.  I just don’t want to insult him.
So now I am asking dopers (and doper artists) for advice on what might be a fair price.  Here are some factors to consider:
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He is not a professional artist, although he is quite talented.  This may be the first time he has been paid for a painting. 
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He is a friend, but not one of my best friends or anything.  We’re just in some of the same social circles. 
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The painting is fairly large, like something you would hang above the sofa.  The painting is not a special job per se; he was already working on a series of paintings and I asked if I could buy one of them. 
I was thinking of paying around $200.
             
            
              
              
              
            
            
           
          
            
            
              Do you have any idea how long it took him to create? Perhaps you could figure something like (totally making up numbers here) $35 / hr he spent on it, plus throw in $40 for materials. Don’t tell him you calculated an hourly rate of course  :dubious:
             
            
              
              
              
            
            
           
          
            
            
              Bumping this for another try.
             
            
              
              
              
            
            
           
          
            
            
              aaslatten, I don’t paint but I’ve purchased a few originals and can tell you about that.
The first one I ever bought I purchased in a gallery from a professional.  I suspect that you are not considering paying that much for this.
The second one was perchased from my undergrad’s department secretary.  She displayed her paintings all over the place, and I loved them.  She asked $100, and the piece is what I conider “average painting size”.  I can’t go in and measure it or the third one just now.
The third one is also “average painting size”, and we bought it from a professional/weekend warrior type in Hyde Park, London on our honeymoon.  It cost us ~$250, but my experience in London was that if you’re going to pay $16 in the States, you’re going to pay ₤16 in London.  That said, it was ₤150.
So, your figure of $200 may be about right or it may be a hair low.
I hope this helps.
             
            
              
              
              
            
            
           
          
            
            
              $200 is what came to my mind from your description as well.
             
            
              
              
              
            
            
           
          
            
            
              The best doper to ask would probably be JinWicked. Most of her stuff sells in the $200 - $400 range (icluding framing)