Someone else had the same idea I had!
Check out this Style at Home transformation that was just published today:
THEIR transformation: $550.00 per chair (plus the cost of fabric).
MY transformation: $90 per chair (cost of chair plus spraying white) + $12 each chair in fabric...so $102.00 per chair.
Mind you, their chairs have much more fabric than mine, but the look is still very similar. Yes for DIY!!
Oh and check out: Style At Home Best Designer Secrets for 2011. Some incredible ideas in there ;)