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I am a more sentimental that most. That said, there is a price at which I might say - well, for that kind of money I'll just paint it again. So you put the price at "standard" plus 100%. The price you place on the piece does not have to reasonable to the market. It's the market value plus your personal sentimental value.
We still have in my family the painting of my mother when she was one year old, done by her mother in 1919. Mum is now 94.
Steven makes a good observation. You could probably make that adjustment without the sitter being present.
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Mike McCarty
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