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Charge what you are worth!

How much should a musician charge for a performance?

I would like to solicit comments from the general public and working musicians.  I recently joined a gig booking site and I am seriously considering removing myself from the site.  The way the site works is that a bid comes in, the client contacts at least six other people and then they hire the person with the lowest bid. 
For example, a retirement home requested a classical pianist to perform for three hours at a holiday party.  I bidded $300.  Someone else bidded $250.
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