If you actually want to sell art, you use a rational and ethical system for pricing. Wal Mart could put a price tag of ten million dollars on a big screen TV, but no one would pay that much, and it would either make them a laughing stock or damage their reputation so badly that they'd actually lose money.
For paintings on canvas, you could do worse than coming up with a formula based on the surface area + cost of materials. For a new artist, that might be a few dollars per square inch--for a painter with international acclaim and access to wealthy clients, that might go up enough to push large paintings into the 5-figure territory.
If you're splitting 50/50 with a gallery, then double that.
If you just want to meme, then yes, you can put any number on the price tag that you want--there is no law regulating the pricing of fine art, and no armed gangs of galley curators to enforce vigilante justice.
>>3770288Basically the tax code is fucked up. If it weren't for that, the dynamic would just be
>rich people skyping other rich people out of their money>new artist gets paid 
