I keep them filed chronologically in the large file drawer of my sexy leather top desk.  Oh, yeah!  :)

I had this same problem....and so, we have decided that while both boys were in school (preschool and beyond) that we would choose one or two a month and send the rest to family - out of town, or take them to the retirement communities, convalescent homes and the boys give them away.  This brings such joy to those who may not have anyone visit them...and little kids are a hit!  We started doing this when my grandma was re-couping from an illness or fall, I saw how many of the residents would watch and wave as I walked by with my oldest holding my hand and waving - with his sweet smile and "hi!" at each door.  The youngest was in the stroller at that point...but, it's a great way to show your kids how community service can be rewarding, not too costly (well, now that gas is so expensive...) and a great thing to do! 

The artwork I have saved is in a scrap book from school - or if it's suitable for hanging...framed and displayed!  My oldest did a great water color this year in kindergarten and I need to take a minute to get it framed and hung up....maybe this week!  If you also have holiday artwork....try storing that in the bin for that holiday - if you choose to keep it.  I have candle holders the boys made in school - in the Thanksgiving and Christmas bins - so, they get displayed once a year....fun for he kids to see each year.  Ornaments that they made for the tree as gifts get put away in their own ornament bins....get the idea?  My grandma started a tradition when my brother and I were born, she gave us each a tree ornament each year - handmade, or bought.  We each have way more than enough to decorate a very large 6-8 foot tree now and the collections for my boys are beyond what I had at their age already.  My aut and uncle, mom and step-dad and grandma made sure of that!  It's a nice tradition for the kids to see their boxes fill up and grow as they move on in years...plus, they all have a meaning to them since family gave them to them!  Hope this helps get you started on organizing that works for you!  ;)  

Wait until they start Kindergarten - that 160 papers will at least triple, it's insane! I like Sonya's idea of sending art projects to family members and I think I'll be implementing that next year!!

What I did this past year was once a month  I would lay them on my kitchen table and take pictures of the crafts and  the good ones we would give to grandparents to enjoy.

we ran out of room, putting papers on the fridge and taping them to every wall in the house (not our idea, our son's).  In kindergarten, he came home with at least two papers a day, often more.  I think there are 183 days in a school year?  To be honest, most of them ended up in the trash, but we still have more than I care to keep.  We have to pick the ones that really represent where he was at and the ones we think he would like to see 20 years from now.  It's a hard job.

1st grade, here we come!

I bought a large box to store special pieces in. This summer, I am going through the box and having some of the pieces framed. I saw an article in the Bakersfield Californian about a woman who has framed many pieces of her children's art, so that was my inspiration.

yeah, I've wondered about this too.  Z-Rock does a lot of projects on her own, at story time, and at church.  I can't imagine how much will flood in when she starts preschool.  We have started sharing with family members, too.  That way you don't feel bad about throwing things out, and the grandparents are especially thrilled to get stuff like that.

Boy- as a teacher, it's interesting to see the other side (parents)... I always worry that I'm not sending home enough art and other projects!  I store them throughout the year, and then they go home in a scrapbook-style that the kids themselves make (I teach fourth grade).  In our classroom, we have a "quilt" that I pieced together with clear sheet protecters (top loading) held together in a grid with colorful tape.  There's a spot for each student, and they can easily change out their work to show what they like the most.