Artists have different formulas for pricing their tapestries. The most exact, worked out by an accountant that I found in “Weaving for Worship”, by Joyce Harter and Lucy Brusic was as follows: Take the material cost and the hourly cost of the labor and add them together. Multiply the resulting sum by 20% to account for overhead. Add these two figures together and multiply the resulting number by 10% to allow for profit. Add the 10% to the first figure to determine cost.
The making of a tapestry slideshow shows exactly what labor goes into creating the beautiful tapestries you see on the Contemporary Tapestry Weaving website.