Urban Art Association

Of course they are, but prices have to be more sensible for people to buy and too many are still hanging onto last years prices.

Interesting post Nobokov.

I'm trying to sell something on here at the moment, thought it was reasonably priced etc, and surprised at the lack of interest, so I guess people do need to look at their expectations?

That said, not the wealthiest, but decentish income etc, and have found recently you really need to be on the ball with your income to square everything. Any 'luxuries' like buying art more considered now?

I am buying a few things.. Things that are on my wish list that are now popping up at reasonable prices, drops from artists I like which aren't going to break the bank, and a few big things to invest in which I think will beat the market long term.

I am also "selling" and I use the term loosely, meaning I have things for sale but things are moving really slowly if at all.

Looking for several pieces that were hard to find a couple years ago.

Genesis Tramaine
Rashid Johnson
Emily mae smith
Robin F Williams
Julie Curtis
Nina Chanel
Yue min jun

More

Banksy' LIITA was selling for 200k. It sold today for 30+. What do you mean "before"?

I try to avoid timing any markets. Buy and sell throughout, don't stress the pennies.

Haha, that's nuts! Never realised people were paying that much for the unsigned 

I hope the poor bugger didn't buy as an investment. Might be a few years before they see anything like that again 

Auctions right now apart from top tier institutional stuff (and even that’s off) and a few select artists are an absolute terrible place to sell anything but if you have half a clue you can pretty much go into any art auction at the moment and there’ll be about a dozen or so pieces you can buy and flip for 15-20% profit pretty much immediately. Never ever seen such a disconnect. Obviously the private secondary sales market is still tough but there are buyers, it seems at auction for pieces under £250k no end users are buying and it’s pretty much just dealers in many cases buying lots for opening bids or unreserved lots for pennies. Based on this now is an opportunity that probably comes around once every 10-15 years, so can’t think of a better time to buy.

I believe I purchased excessive art lately, despite skipping some open editions.

Thanks to Nobokov (who we miss a bit on this forum).

It is not so simple, nor manichean, many factors to consider.

You have to see things differently from now on. For one or two years or more, we have had Brexit (so customs fees), Covid, the global "cost of living" crisis, the war in Ukraine and a conflict that is escalating. We had the NFTs, the emergence of Heni and other hyped sellers/galleries (where the name of the publisher becomes as important as the name of the artist), three-day "open editions", and therefore somewhat unlimited etc, new media and "we" buy differently...

Moreover, everything always depends on the fortune or/and the compulsive disease of the collector.

For my part, I refuse to pay - and I do not have the funds - more than 100/150 euros for a print or a book (many books are at this price now).
The artists and their gallery owners, for the older ones, do not help us. They offer prints at 1k, 2.5k, most often at 5k (Banksy, Dran, Invader, Hirst). They need money I guess, but he, everybody needs money.

The secondary market is stagnant, and nothing is sold, the famous "supply and demand" only exists for new products. Moreover, how are you going to sell a print bought for 2k or 5k, in the secondary market? If you want to earn at least double the purchase, you have to sell it at extremely high prices for a secondary market. Moreover, it is funny to see that the latest Banksy prints or artworks for example (those of GDP, Banksiat etc) sell perfectly and are in high demand, when the oldest prints lose value or stagnate (Lita, Sales End etc.)...

I am therefore content with tats, flyers, books, vinyls, and have abandoned the news - even the old ones, as the sellers are still asking prices like before the crisis) prints, I am even happy to see these exorbitant prices on sale, as I don't have the money, I don't spend and don't feel concerned. Just buyers should beware, contemporary art still sells well ( or better ), when street-art or similar is in decline, in my humble opinion.

Thank you for your understanding. and happy to see you back nobokov !

I'm still buying (hopefully) getting some decent deals. It's definitely a buyers market these days, not surprising with the global economy struggling. Not worried in the long term, I was out in London last night and everywhere was absolutely rammed, expensive restaurants and bars full. I know London is a bubble, but there is still money around, people are just being more careful. Timed editions seem to benefit buyers these days, so expect them to stop soon.

It is definitely an addiction 😜 

Two releases selling out in minutes today.

drops.rhodeseditions.com
avantarte.com/products/blockade-line

Somebody's definitely buying.....