Art is subjective, so numbers are hard to fix.
There is an artist i know that makes things for a local gallery/store, the pieces are near $2500-3000 for abstract painting, or piece of clay sculpture. They look amazing, but out of my price range. But if it speaks to some rich people they seem to have no issue spending $3000 on a painting.
Because somebody put time and effort into creating something, it took talent, and underselling at minimum wage per hour just erodes peoples expectation of effort and alent for art. Charge more, people will take it more seriously. There is a reason people think an apple monitor stand is fine priced at $999, its their perception of value.