The yellow and green took two coats, but the red took three (not surprising, red is always more difficult to deal with, no matter what project you're working on). I held the spray can about 1-1 1/2 feet away from the frames and tried to spray as evenly as possible, and also not to spray TOO MUCH (otherwise it would drip down the sides). I waited about 30-45 minutes between each coat, then an hour before I handled them and a full day before I put anything back in them. I think they covered pretty good
I normally have an aversion to decorative frames and get frames that are as plain as possible. But, I'm actually sort of curious to get some decorative ones and spray paint them to see how they turn out. Who knows, maybe I'll be pleasantly surprised.
I would HIGHLY recommend using spray paint rather than regular paint to refinish picture frames. It went A LOT faster, and there is no streaking or visible paint strokes. There may be a little bit of dripage, but if you're super careful you can avoid it, and if not at least it's on the top and bottom, so you can't really see it very much. Plus, each can is only about $3.50, and it can probably cover 3-6 frames (depending on their size)
My walls are naked, they need artwork!