If I'm going to be a photographer of any kind, it's going to be the kind that sells limited edition prints. I have always loved the notion of the scarce and the finite. I think these things enhance the precious value of the thing in question. I personally own limited edition art, limited edition sunglasses, a limited edition pocketknife, even limited edition sneakers. What can I say?
Editions and Pricing
When I release a photograph for print, I will specify the edition size. Some, like my Minneapolis Skyline, I will release in an "Unlimited Edition." And for a print like this, the price I charge will more or less remain constant over time, changing only as my cost to produce the print might change or, should I be so lucky, my popularity results in the ability to sell more prints at values appreciably more than my costs.
Other prints, like my Waterfall Vignette, will be released in Limited Editions - in this case, an Edition of 100. This means I will never sell more than 100 copies of that image, period. It also means that, while the Edition is in early release (the first 10% or so), the price will be set quite low. As the edition sells, the price will escalate. Once I have sold a print for a certain price, I will never again sell it for less. This guarantees that I, at least, will do everything I can to uphold the value in the image that you have purchased from me.
Print Sizing
Also, at this stage in my photography career, I do not plan on releasing images in multitudes of sizes at multitudes of price points. For each of the images above, I am releasing them in a single print size. Should I ever offer prints in different sizes, even then, the total Edition Size will remain a constant. I will not sell out an edition in one size image, then start a whole new edition of the same image in a different size. If the Edition starts out at 100, I will only ever sell 100 of those images, regardless of size.