Urban Art Association

Good Luck !

Soup Can is regular colourway.

I could add a little extra. But if someone has a canvas and needs cash, this way they could sell some of the prints, have some cash and still have some signed Banksy's. Win win!

turned down a soup can in favor of the monkey queen, always wished i had bought that one as well...shame i have 0 cash

H

^^^What Banksman said

I don't need to justify anything. And remember, I didn't say a word when you offered your only months old Faile Confessions stencil on this forum.
(for a ridiculously high price as well mind you)

Well, I don't want to sell them all in the case that I won't be able to find a canvas. Then I'll be out both prints and a canvas.

And prices? Hard to say after the market crashed. There is a mosquito at Sothebys in February estimated at £10-15k, Kids on Guns estimated at £20k, be interesting to see what they sell for now.

I doubt you will see a Banksy edition at 10k. Laz has a unique Bomb Hugger or Rats starting at 30k. You may need to remortgage. Never say never though!

Snausages, I feel that these estimates are extremely low. I find that Sothebys always have low estimates to draw interest, then sell for two or three times the estimates (at least in the past auctions)

I've also been after a Heavy weaponry for some time, but think the reality is, unless you have 25k it will only be wishful thinking.

I do wish you luck however on your search

yes -- I am anticipating this sale, especially the kids on guns as the last one at sotheby's was estimated at 20-30K and sold for over 100K

It'll be interesting, that's for certain

£25k for a canvas all of a sudden doesn't seem that much for a canvas (not that I have it spare, but you know what I mean). I have obviously lost touch with reality

think you hav more of a chance landing on the moon!
than gettin a banksy canvas,for your prints

Fair enough points about the condition Lee but I feel like we've seen a number of Banksy originals sell (or mostly fail to sell) in the 50-100k US dollar range the past couple months. So I think it puts these editioned canvases now more in the 20-40k USD range myself. And I think a lot of people lost touch with reality with regards to pricing over the last two years.

The problematic part is that a lot of these canvases were gobbled up by galleries who are still holding out for premiums. Even a discount at those places is still to high now imo. And many of the rest were sold to collectors for a huge premium and they may not be willing to accept or sell for a loss.

>>>but I feel like we've seen a number of Banksy originals sell (or mostly fail to sell) in the 50-100k US dollar range the past couple months<<<

This is absolutely true as it is with Warhol and many auctionable others. Take a look at our global stock markets to get an idea about the carnage in the streets right now and getting a pretty painting for the living room is a lot less important than putting food on the table for many these days.

>>>So I think it puts these editioned canvases now more in the 20-40k USD range myself.<<<

I agree wholeheartedly with this notion 3 months ago. I really have no idea what the further deterioration in the global marketplace means dollar wise to those canvases but I do know that it's not bullish.

>>>The problematic part is that a lot of these canvases were gobbled up by galleries who are still holding out for premiums.<<<

I don't know who's problem that is unless you are saying that makes life difficult for the potential acquirer.

>>Even a discount at those places is still to high now imo. And many of the rest were sold to collectors for a huge premium and they may not be willing to accept or sell for a loss. <<<

You're absolutely right on that notion. I can only offer my viewpoint which is admittedly small but i bought an edition HW about a year ago whose value today (in pounds and dollars) is woth less than half what I paid. Similarly, just about every asset class has seen a 30 to 60% decline on average so its not like you're alone there. The few places to hide were cash and gold. Many of the art dealers that I speak with have lowered their asking prices DRAMATICALLY in the face of this news so I think it does one well to look around. Still, at the end of the day your point is correct above. There are many owners of these eidtioned works who bought them because they like the art work and not for specualtion. Therefore, it makes sense that it's going to be MORE difficult to buy those works from those owners in this climate than in one where prices are appreciating unless the owner has gotten into their own financial difficulties.

At the end of the day, with the exception of 1998 for the 10 years that I've been collecting art, this is the very best year to buy it imho. You get more quality for your currency than ever before. Still, you owe it to yourself to ask whether or not your purchase today will look very expensive by comparisson in 5 years, unless you are one of the lucky few who have more money than time.