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Tiki Central / Tiki Carving / Tiki's Fair Market Value?

Post #283139 by hewey on Sun, Feb 4, 2007 6:04 PM

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H
hewey posted on Sun, Feb 4, 2007 6:04 PM

I haven't sold a piece yet, but hope to in the future. Most of the stuff I have done I have swapped for other tiki art and I have some awesome art in my collection. At this stage I view it as a hobby that will hopefully pay for itself. I'll give tikis to mates/family. You know the guys who always give you a hand with projects or to move or whatever. For other mates I will sell at cost of materials. For general sales I will make some profit. How much depends on the qaulity of the finished piece. Working that out to $/hour rate, well Im better off getting a weekend job packing shelves!

In Australia we can set up a "hobby business", which is perfect for stuff like what I intend to do. If you earn less than $60,000 a year its just the same as doing personal tax (businesses have to do regular tax reports on Goods & Services Tax - GST).