One of my largest suppliers of open edition prints just announced that beginning Jan One, they are raising prices 10% straight across the board. This is the first price increases in five years.
But..... In a conversation with both the owner of the company and the sales director, they are doing it simply because the cost over the last five years can no longer be absorbed. They are reluctantly being forced to raise prices in what they see as a market that has not yet rebounded to any significant level that would indicate that there will ever be a full recovery form the recession.
It was their opinion that while some areas of the economy have made attempts at getting back to pre recession levels, products in that fall into the category of non essential items, have not and will not recover to levels of we seen before the recession.
So, with that in mind. I am leaving prices as they are on the old uploads and only raising prices by 5% on new uploads from here on out. I am doing that on all of my selling outlets.
