I used to be a "public artist", like you, Lon.
I did hundreds of pastel portraits from life, at festivals, for several summers when I was in college. These were full color pastel portraits that each took about 90 minutes.
It was fun, challenging, and yes, could be quite lucrative. I do remember that I'd get a lot more business if I was actually drawing someone. That would "draw a crowd", so to speak!
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