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One factor I've been considering more and more with sketch commissions is the size of the paper. While I really like getting specific characters on specific covers, I can't help but think that creators are charging the same amount whether they draw on a 7x10 comic cover or a 9x12 or even 10x14 piece of bristol or sketch paper. In a way, you get more bang for your buck on the full sheet because the creator is more inclined to fill the edges and they have more space for a larger, more detailed piece.
For my personal preference, I'll submit sketch covers at the time of completion just for provenance because I like that they're witnessed/authenticated. If I had sketch covers that weren't submitted, I'd rather get a traditional frame for display purposes as it would likely be cheaper. Though, there is the element of CBCS verification to consider as well. It's funny, as expensive as OA collecting can be, I'll still nitpick over the value of $50 in grading fees.