Bidendum
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August 2007
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Bidendum - The New Way to Buy and Sell Banksys, by Bidendum on Oct 29, 2008 2:55:42 GMT 1, Yes we are and will. It is fully operative at present.
Yes we are and will. It is fully operative at present.
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Bidendum - The New Way to Buy and Sell Banksys, by wiz on Oct 29, 2008 2:58:03 GMT 1, Yes i have just found your siite. www.Bidendum.com/view.aspx
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Bidendum - The New Way to Buy and Sell Banksys, by arcam on Oct 29, 2008 3:02:18 GMT 1, So what exactly does the 9.9% cover? Do you pay for the Pest Control Certification? Do you charge extra for collecting the print? And delivering to the buyer? Give us a break down. bump Have you answered my question?
So what exactly does the 9.9% cover? Do you pay for the Pest Control Certification? Do you charge extra for collecting the print? And delivering to the buyer? Give us a break down. bump Have you answered my question?
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Bidendum - The New Way to Buy and Sell Banksys, by wiz on Oct 29, 2008 3:04:06 GMT 1, So the buyer is liable for the £50 charge for authentication then? , also a return fee of £20 should return be required and also delivery charges and this is separate from the 9.9%, is this correct? Also clause 9 in your terms and conditions are a little scary.
So the buyer is liable for the £50 charge for authentication then? , also a return fee of £20 should return be required and also delivery charges and this is separate from the 9.9%, is this correct? Also clause 9 in your terms and conditions are a little scary.
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Bidendum
New Member
Posts • 226
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August 2007
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Bidendum - The New Way to Buy and Sell Banksys, by Bidendum on Oct 29, 2008 3:11:42 GMT 1, The buyer is charged £50 pounds for authentication of the print if its is deemed real, if not then this charge will be taken accordingly. If the print is deemed counter fit then a £20 return delivery charge will be taken from the seller. Yes the delivery charges are separate from the 9.9 percent commission fee which will ensure both buyer and seller transactional security.
The buyer is charged £50 pounds for authentication of the print if its is deemed real, if not then this charge will be taken accordingly. If the print is deemed counter fit then a £20 return delivery charge will be taken from the seller. Yes the delivery charges are separate from the 9.9 percent commission fee which will ensure both buyer and seller transactional security.
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Bidendum - The New Way to Buy and Sell Banksys, by arcam on Oct 29, 2008 3:14:29 GMT 1, You need to make that clear. So basically the 9.9% is nothing more than a handling fee from the sounds of it.
You need to make that clear. So basically the 9.9% is nothing more than a handling fee from the sounds of it.
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Bidendum - The New Way to Buy and Sell Banksys, by wiz on Oct 29, 2008 3:16:20 GMT 1, Well anyhow Bidendum fair play for answering my questions , i still think Bidendum complicates the process and i dont see a need for another party at all. As i said earlier good luck.
Well anyhow Bidendum fair play for answering my questions , i still think Bidendum complicates the process and i dont see a need for another party at all. As i said earlier good luck.
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Bidendum
New Member
Posts • 226
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August 2007
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Bidendum - The New Way to Buy and Sell Banksys, by Bidendum on Oct 29, 2008 3:20:56 GMT 1, Bidendum guarantees delivery of authentic Banksy prints to the buyer whilst searching for a fair price in the market, as such no money is taken from buyers until the prints have been received and verified. This process is inclusive in our 9.9 percent charge.
Bidendum guarantees delivery of authentic Banksy prints to the buyer whilst searching for a fair price in the market, as such no money is taken from buyers until the prints have been received and verified. This process is inclusive in our 9.9 percent charge.
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tommyboy
New Member
Posts • 155
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October 2007
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Bidendum - The New Way to Buy and Sell Banksys, by tommyboy on Oct 29, 2008 3:37:49 GMT 1, Return policies exist if the print is delivered in anything but perfect condition.
i think you will find you will have to comply with the distance selling regs
so 7 day full money back guarantee, despite the condition
Return policies exist if the print is delivered in anything but perfect condition. i think you will find you will have to comply with the distance selling regs so 7 day full money back guarantee, despite the condition
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Heavyconsumer
Junior Member
Posts • 4,974
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February 2008
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Bidendum - The New Way to Buy and Sell Banksys, by Heavyconsumer on Oct 29, 2008 4:22:06 GMT 1, You might find you've missed a couple of Banksy's prints off your list by the way.
You might find you've missed a couple of Banksy's prints off your list by the way.
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Richard
Junior Member
Posts • 1,351
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September 2007
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Bidendum - The New Way to Buy and Sell Banksys, by Richard on Oct 29, 2008 9:16:33 GMT 1, Return policies exist if the print is delivered in anything but perfect condition. i think you will find you will have to comply with the distance selling regs so 7 day full money back guarantee, despite the condition
I was just about to say that.
Return policies exist if the print is delivered in anything but perfect condition. i think you will find you will have to comply with the distance selling regs so 7 day full money back guarantee, despite the condition I was just about to say that.
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Bidendum - The New Way to Buy and Sell Banksys, by baileymontana on Oct 29, 2008 9:41:12 GMT 1, Not such a bad idea as there are people who are prepared to pay £6000 for a Morons at auction ie people not too worried about paying market rates they just want "a Banksy" now. However, I think those buyers maybe want the experience of Auctions and "Real World" Galleries whilst splashing their cash and a new online organisation will not really offer that or particular security from their point of view.
10/10 capitalism points for figuring out a way to make a percentage on the authorized Banksy approval service.
Not such a bad idea as there are people who are prepared to pay £6000 for a Morons at auction ie people not too worried about paying market rates they just want "a Banksy" now. However, I think those buyers maybe want the experience of Auctions and "Real World" Galleries whilst splashing their cash and a new online organisation will not really offer that or particular security from their point of view.
10/10 capitalism points for figuring out a way to make a percentage on the authorized Banksy approval service.
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Bidendum - The New Way to Buy and Sell Banksys, by manchestermike on Oct 29, 2008 9:42:37 GMT 1, i think you will find you will have to comply with the distance selling regs so 7 day full money back guarantee, despite the condition I was just about to say that.
Indeed they will do...
Interesting interface though... feel you may have to explain it more to non betdaq / betfair users though.
Also think you'll find it very difficult to "match" prices as sellers will want to inflate theirs by a minimum of 10% over the market value to cover the costs of the commission
i think you will find you will have to comply with the distance selling regs so 7 day full money back guarantee, despite the condition I was just about to say that. Indeed they will do... Interesting interface though... feel you may have to explain it more to non betdaq / betfair users though. Also think you'll find it very difficult to "match" prices as sellers will want to inflate theirs by a minimum of 10% over the market value to cover the costs of the commission
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Bidendum - The New Way to Buy and Sell Banksys, by graeme501 on Oct 29, 2008 10:07:57 GMT 1, i can see how it could work
lets face it, ebay has became a nightmare for buying prints, there is no guarentee that the print you are buying i genuine, will turn up, or is as described
but u need to hope that the betfair way of working out the price will end up cheaper than ebay, then people will be more comfortable paying the 10% charge
i can see how it could work
lets face it, ebay has became a nightmare for buying prints, there is no guarentee that the print you are buying i genuine, will turn up, or is as described
but u need to hope that the betfair way of working out the price will end up cheaper than ebay, then people will be more comfortable paying the 10% charge
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dotdot
Junior Member
Posts • 3,647
Likes • 1,027
December 2006
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Bidendum - The New Way to Buy and Sell Banksys, by dotdot on Oct 29, 2008 10:13:02 GMT 1, hello, interesting read.
a few points...
why a percentage and not simply a flat fee. 9.9pc of 500 quid is slightly less than 9.9pc of 5k - no ?
Insurance - who covers insurance? - ie say you manage a transaction where the piece is deemed to be worth say 750 ukp - and the sale goes to the us.
The image is damaged in transit and the buyer reports that to be the case. What would be your stance at this stage.
IMHO - I'm all for taking the hassle away however the safety aspect wrt insurance needs clarification - this will help with credibility.
re disputes....
7.5.1 Should a dispute arise between Buyer and Seller, TradeBanksy reserves the right to cancel the transaction and return the parties to their original position should the print not yet be in possession of the Buyer. Should a dispute arise after completion of the transaction, Tradebanksy will attempt to facilitate an agreement between the Buyer and Seller which is mutually agreeable between the parties.
- in the example above the problem arises during the transaction.
Diagram on site btw is cool..
one last thing - pls sort out the typos on the site - there's a few.
..
hello, interesting read.
a few points...
why a percentage and not simply a flat fee. 9.9pc of 500 quid is slightly less than 9.9pc of 5k - no ?
Insurance - who covers insurance? - ie say you manage a transaction where the piece is deemed to be worth say 750 ukp - and the sale goes to the us.
The image is damaged in transit and the buyer reports that to be the case. What would be your stance at this stage.
IMHO - I'm all for taking the hassle away however the safety aspect wrt insurance needs clarification - this will help with credibility.
re disputes....
7.5.1 Should a dispute arise between Buyer and Seller, TradeBanksy reserves the right to cancel the transaction and return the parties to their original position should the print not yet be in possession of the Buyer. Should a dispute arise after completion of the transaction, Tradebanksy will attempt to facilitate an agreement between the Buyer and Seller which is mutually agreeable between the parties.
- in the example above the problem arises during the transaction.
Diagram on site btw is cool..
one last thing - pls sort out the typos on the site - there's a few.
..
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Bidendum - The New Way to Buy and Sell Banksys, by alsbabar on Oct 29, 2008 10:44:05 GMT 1, Return policies exist if the print is delivered in anything but perfect condition.
7.4 BUYER REFUNDS
7.4.1 TradeBanksy does not accept Buyer refunds under any circumstances.
Return policies exist if the print is delivered in anything but perfect condition. 7.4 BUYER REFUNDS 7.4.1 TradeBanksy does not accept Buyer refunds under any circumstances.
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Bidendum - The New Way to Buy and Sell Banksys, by Guest on Oct 29, 2008 10:59:49 GMT 1, thats what i thought
thats what i thought
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Cocteau 101
Junior Member
Posts • 3,490
Likes • 1,208
January 2007
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Bidendum - The New Way to Buy and Sell Banksys, by Cocteau 101 on Oct 29, 2008 11:02:37 GMT 1, Quite a nice idea, and useful for people who can't easily get to Pest Control for authentication, but I would want this endorsed by POW/Pest Control before using.
Quite a nice idea, and useful for people who can't easily get to Pest Control for authentication, but I would want this endorsed by POW/Pest Control before using.
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dmandpenfold
Junior Member
Posts • 2,466
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December 2006
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Bidendum - The New Way to Buy and Sell Banksys, by dmandpenfold on Oct 29, 2008 11:15:56 GMT 1, I dont like this;
5.1.1 TradeBanksy is providing this Site and its contents on an "as seen" basis and makes no representations or warranties of any kind, either express or implied, including, without limitation, warranties or conditions of title or implied warranties of merchantability or fitness for a particular purpose, and non-infringement. Although TradeBanksy believes the content to be accurate, complete, and current, TradeBanksy does not represent or warrant that the information accessible on this Site is accurate, complete, or current. price and availability information is subject to change without notice"
seem a bit like all care and no responsibility.
or this;
The cost for delivery is £15.99 within the UK and £29.99 worldwide. If you are not at home for a pre-arranged delivery then we reserve the right to charge you a further £15.99 and £29.99 respectively to redeliver your order. The delivery charge is not included within the 9.9% commission of the sale.
so you have to take the day or half day off work, because as we all know delivery companies never specify a time. Suppose you could arrange delivery to work if convenient ie you dont have to carry the thing home in the rain
or this;
7.4.1 TradeBanksy does not accept Buyer refunds under any circumstances. Refunds will only be granted if a Seller does not complete a sale within 14 working days of the sale occurring
what about if the item is not in the condition it is described as, plus as mentioned there are the distance sellers regs to consider
Above all this is it true that the print is sent to Bidendum for authorisation; they authorise send it back to seller who then sends it to buyer, seems a bit of an unnecessary dance; why dont Bidendum simple take charge of the print from start to finish that way they can get PC cert and check it is in the condition described before sending it on??
So to clarify the costs are;
9.9% of purchase price is charged to seller for service, this includes costs for; - PC confirmation - use of the service - transactions made with the service
shipping is paid by the buyer and includes insurance
who pays shipping to Bidendum / PC and back to the seller or is this covered in the 9.9%
I like the idea of reducing the chance of fraud and ensuring all parties recieve their monies etc through third party service, it's much better than ebay for example, but the site isnt very clear about the costs and there seem to be a few get out clauses if a deal goes bad..
I dont like this;
5.1.1 TradeBanksy is providing this Site and its contents on an "as seen" basis and makes no representations or warranties of any kind, either express or implied, including, without limitation, warranties or conditions of title or implied warranties of merchantability or fitness for a particular purpose, and non-infringement. Although TradeBanksy believes the content to be accurate, complete, and current, TradeBanksy does not represent or warrant that the information accessible on this Site is accurate, complete, or current. price and availability information is subject to change without notice"
seem a bit like all care and no responsibility.
or this;
The cost for delivery is £15.99 within the UK and £29.99 worldwide. If you are not at home for a pre-arranged delivery then we reserve the right to charge you a further £15.99 and £29.99 respectively to redeliver your order. The delivery charge is not included within the 9.9% commission of the sale.
so you have to take the day or half day off work, because as we all know delivery companies never specify a time. Suppose you could arrange delivery to work if convenient ie you dont have to carry the thing home in the rain
or this;
7.4.1 TradeBanksy does not accept Buyer refunds under any circumstances. Refunds will only be granted if a Seller does not complete a sale within 14 working days of the sale occurring
what about if the item is not in the condition it is described as, plus as mentioned there are the distance sellers regs to consider
Above all this is it true that the print is sent to Bidendum for authorisation; they authorise send it back to seller who then sends it to buyer, seems a bit of an unnecessary dance; why dont Bidendum simple take charge of the print from start to finish that way they can get PC cert and check it is in the condition described before sending it on??
So to clarify the costs are;
9.9% of purchase price is charged to seller for service, this includes costs for; - PC confirmation - use of the service - transactions made with the service
shipping is paid by the buyer and includes insurance
who pays shipping to Bidendum / PC and back to the seller or is this covered in the 9.9%
I like the idea of reducing the chance of fraud and ensuring all parties recieve their monies etc through third party service, it's much better than ebay for example, but the site isnt very clear about the costs and there seem to be a few get out clauses if a deal goes bad..
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sfdoddsy
New Member
Posts • 267
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August 2008
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Bidendum - The New Way to Buy and Sell Banksys, by sfdoddsy on Oct 29, 2008 11:17:36 GMT 1, So basically you are a combination of Betfair and an Escrow service.
This is actually not a bad business model if you are dealing with a large enough market of buyers and sellers, and products which are actively traded. If not, then you are simply a classified service like Auction Saboteur with an Escrow attachment.
My question is about the Escrow part. For those not familiar with the term, an escrow account takes the money from the buyer and holds it in trust until the seller has delivered the goods and the buyers has agreed he is satisfied. Then the funds are released from escrow to the seller. It's how US mortgages work.
However, fundamental to this is being to trust the escrow agent. After all, you are expecting sellers to ship 2000GBP prints to you, and buyers to send you 2000GBP in the hope that you will then distribute the goods and cash correctly. So for every 2000GBP transaction you are holding 4000 GBP in cash and art. Plus you are insuring said transactions.
Who are you that we should trust you with 4000GBP? Who backs you that you can cover a loss of 2-4000GBP?
Nothing on your site offers any information at all about trustworthiness or financial integrity.
Fake escrow accounts used to be one the biggest scams on eBay until eBay outlawed them altogether.
Unless you can come up with legitimate financial backers, you'd have to be insane to send you either a Banksy print, or the cost of one.
What would help is if you were endorsed by Pest Control and incorporated their fees in yours. The fact you aren't and haven't is even more of a red flag.
Nice site though.
So basically you are a combination of Betfair and an Escrow service.
This is actually not a bad business model if you are dealing with a large enough market of buyers and sellers, and products which are actively traded. If not, then you are simply a classified service like Auction Saboteur with an Escrow attachment.
My question is about the Escrow part. For those not familiar with the term, an escrow account takes the money from the buyer and holds it in trust until the seller has delivered the goods and the buyers has agreed he is satisfied. Then the funds are released from escrow to the seller. It's how US mortgages work.
However, fundamental to this is being to trust the escrow agent. After all, you are expecting sellers to ship 2000GBP prints to you, and buyers to send you 2000GBP in the hope that you will then distribute the goods and cash correctly. So for every 2000GBP transaction you are holding 4000 GBP in cash and art. Plus you are insuring said transactions.
Who are you that we should trust you with 4000GBP? Who backs you that you can cover a loss of 2-4000GBP?
Nothing on your site offers any information at all about trustworthiness or financial integrity.
Fake escrow accounts used to be one the biggest scams on eBay until eBay outlawed them altogether.
Unless you can come up with legitimate financial backers, you'd have to be insane to send you either a Banksy print, or the cost of one.
What would help is if you were endorsed by Pest Control and incorporated their fees in yours. The fact you aren't and haven't is even more of a red flag.
Nice site though.
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Bidendum - The New Way to Buy and Sell Banksys, by alsbabar on Oct 29, 2008 11:23:37 GMT 1, why would Pest Control and POW endorse their site - why would they encourage people to sell their art?
why would Pest Control and POW endorse their site - why would they encourage people to sell their art?
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dmandpenfold
Junior Member
Posts • 2,466
Likes • 10
December 2006
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Bidendum - The New Way to Buy and Sell Banksys, by dmandpenfold on Oct 29, 2008 11:25:34 GMT 1, sorry if we all come across as negative Bidendum, but we've heard and seen it all before and are naturally a suspicious / jaded lot; your site isnt very clear on some things and you maybe should have thought out the details you were going to present up front better. Can you get PC to present a statement to back you as legitimate, this would go a long way?
sorry if we all come across as negative Bidendum, but we've heard and seen it all before and are naturally a suspicious / jaded lot; your site isnt very clear on some things and you maybe should have thought out the details you were going to present up front better. Can you get PC to present a statement to back you as legitimate, this would go a long way?
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Bidendum - The New Way to Buy and Sell Banksys, by Daniel Silk on Oct 29, 2008 11:26:13 GMT 1, why would Pest Control and POW endorse their site - why would they encourage people to sell their art?
You could say providing an authentication service encourages or at least helps people sell their art
why would Pest Control and POW endorse their site - why would they encourage people to sell their art? You could say providing an authentication service encourages or at least helps people sell their art
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dmandpenfold
Junior Member
Posts • 2,466
Likes • 10
December 2006
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Bidendum - The New Way to Buy and Sell Banksys, by dmandpenfold on Oct 29, 2008 11:27:37 GMT 1, why would Pest Control and POW endorse their site - why would they encourage people to sell their art?
hmm wouldnt that be the whole point of PC certs als, so that people can trade their art in confidence of its authenticity. If POW/LAZ/Banksy didnt want anything traded they'd be better off refusing to authenticate anything.
EDIT: snap! silky
why would Pest Control and POW endorse their site - why would they encourage people to sell their art? hmm wouldnt that be the whole point of PC certs als, so that people can trade their art in confidence of its authenticity. If POW/LAZ/Banksy didnt want anything traded they'd be better off refusing to authenticate anything. EDIT: snap! silky
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Bidendum - The New Way to Buy and Sell Banksys, by wiz on Oct 29, 2008 11:38:16 GMT 1, sorry if we all come across as negative Bidendum, but we've heard and seen it all before and are naturally a suspicious / jaded lot; your site isnt very clear on some things and you maybe should have thought out the details you were going to present up front better. Can you get PC to present a statement to back you as legitimate, this would go a long way?
I dont think Bidendum minds answering all the questions really and to be fair he / she has answered without losing his / hers blob, also they must have been expecting a lot of questions as they have been registered on here since August 07 previously as Allbertine so they know that people would want to know everything about them and the process. Still seems to complicate the buying process to me though.
sorry if we all come across as negative Bidendum, but we've heard and seen it all before and are naturally a suspicious / jaded lot; your site isnt very clear on some things and you maybe should have thought out the details you were going to present up front better. Can you get PC to present a statement to back you as legitimate, this would go a long way? I dont think Bidendum minds answering all the questions really and to be fair he / she has answered without losing his / hers blob, also they must have been expecting a lot of questions as they have been registered on here since August 07 previously as Allbertine so they know that people would want to know everything about them and the process. Still seems to complicate the buying process to me though.
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Bidendum - The New Way to Buy and Sell Banksys, by alsbabar on Oct 29, 2008 11:50:47 GMT 1, why would Pest Control and POW endorse their site - why would they encourage people to sell their art? You could say providing an authentication service encourages or at least helps people sell their art
The authentication process was set up to stop fakes flooding the market - that is the primary function, Pest Control/POW cannot stop someone selling their art, but what they did on the back of it, was to assist in eliminating the fakes - it wasnt geared to encourage people to sell. POW/PCO would rather people kept their Banksy pieces, i guess also because people are selling and sites like this are popping up, you havent seen any releases of new works. POW actively also cancels peoples purchases if they are caught selling them on ebay or other sites.
why would Pest Control and POW endorse their site - why would they encourage people to sell their art? You could say providing an authentication service encourages or at least helps people sell their art The authentication process was set up to stop fakes flooding the market - that is the primary function, Pest Control/POW cannot stop someone selling their art, but what they did on the back of it, was to assist in eliminating the fakes - it wasnt geared to encourage people to sell. POW/PCO would rather people kept their Banksy pieces, i guess also because people are selling and sites like this are popping up, you havent seen any releases of new works. POW actively also cancels peoples purchases if they are caught selling them on ebay or other sites.
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dmandpenfold
Junior Member
Posts • 2,466
Likes • 10
December 2006
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Bidendum - The New Way to Buy and Sell Banksys, by dmandpenfold on Oct 29, 2008 12:26:28 GMT 1, all banksy prints need pest control now in my opinion as they are not trusted, there is even fakes floating around from members of this place from d*face which is also worrying
Which members are selling fake D*face JBOY, perhaps you could advise us so we can avoid them
all banksy prints need pest control now in my opinion as they are not trusted, there is even fakes floating around from members of this place from d*face which is also worrying Which members are selling fake D*face JBOY, perhaps you could advise us so we can avoid them
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dmandpenfold
Junior Member
Posts • 2,466
Likes • 10
December 2006
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Bidendum - The New Way to Buy and Sell Banksys, by dmandpenfold on Oct 29, 2008 12:32:40 GMT 1, ....POW actively also cancels peoples purchases if they are caught selling them on ebay or other sites.
yes agreed blatant flippers, but they dont go out of their way to punish buyers who sell on or swap at a much later date which the majority of people have probably done.
POW dont have a term in their condition of sales preventing genuine non flipper sales later between collectors and also dont expect buyers to offer their POW purchased prints back to POW first if they decide to sell later on, they seem happy enough for legitimate trading to continue.
....POW actively also cancels peoples purchases if they are caught selling them on ebay or other sites. yes agreed blatant flippers, but they dont go out of their way to punish buyers who sell on or swap at a much later date which the majority of people have probably done. POW dont have a term in their condition of sales preventing genuine non flipper sales later between collectors and also dont expect buyers to offer their POW purchased prints back to POW first if they decide to sell later on, they seem happy enough for legitimate trading to continue.
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Bidendum - The New Way to Buy and Sell Banksys, by alsbabar on Oct 29, 2008 12:44:45 GMT 1, we will wait and see what happens dmandpenfold when/if the next banksy release takes place - i personally dont think it is going to be as easy going forwards as it used to be firstly to obtain a print and secondly to sell it on.
While POW may not have it in their terms and conditions, what they do have is a database of all the prints, original owners and lets not forget, each print that is sold at auction or that has been sought authentication gets documented!!!
we will wait and see what happens dmandpenfold when/if the next banksy release takes place - i personally dont think it is going to be as easy going forwards as it used to be firstly to obtain a print and secondly to sell it on.
While POW may not have it in their terms and conditions, what they do have is a database of all the prints, original owners and lets not forget, each print that is sold at auction or that has been sought authentication gets documented!!!
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Bidendum
New Member
Posts • 226
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August 2007
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Bidendum - The New Way to Buy and Sell Banksys, by Bidendum on Oct 29, 2008 12:47:35 GMT 1, Hi Forum Members
Sorry taken so long. More than happy to answer all the questions presented. Thank you for the feedback.
”why a percentage and not simply a flat fee. 9.9pc of 500 quid is slightly less than 9.9pc of 5k - no ?
Insurance - who covers insurance? - ie say you manage a transaction where the piece is deemed to be worth say 750 ukp - and the sale goes to the us."
Insurance of the print in transit is included within the 9.9 percentage handling charge.
“You might find you've missed a couple of Banksy's prints off your list by the way.”
Please name which ones and we will be more than happy to add them.
“Also think you'll find it very difficult to "match" prices as sellers will want to inflate theirs by a minimum of 10% over the market value to cover the costs of the commission”
The 10% commission is covered within the listed price, as such the price in the spread will be the price paid by the buyer. Through the use of price matching within the spread we hope that the 10% increase will be nullified.
”The cost for delivery is £15.99 within the UK and £29.99 worldwide. If you are not at home for a pre-arranged delivery then we reserve the right to charge you a further £15.99 and £29.99 respectively to redeliver your order. The delivery charge is not included within the 9.9% commission of the sale.
so you have to take the day or half day off work, because as we all know delivery companies never specify a time. Suppose you could arrange delivery to work if convenient ie you dont have to carry the thing home in the rain”
Our courier company, us usual, does give you a couple of chances to redeliver, this clause just covered those who arrange redelivery and then are not present continually.
“7.4.1 TradeBanksy does not accept Buyer refunds under any circumstances. Refunds will only be granted if a Seller does not complete a sale within 14 working days of the sale occurring
what about if the item is not in the condition it is described as, plus as mentioned there are the distance sellers regs to consider”
Only prints in absolutely A1 mint condition will be sent out.
”Above all this is it true that the print is sent to Bidendum for authorisation; they authorise send it back to seller who then sends it to buyer, seems a bit of an unnecessary dance; why dont Bidendum simple take charge of the print from start to finish that way they can get PC cert and check it is in the condition described before sending it on??” Once sent to Bidendum and certified the print is sent straight to the Buyer, not back to the seller.
”However, fundamental to this is being to trust the escrow agent. After all, you are expecting sellers to ship 2000GBP prints to you, and buyers to send you 2000GBP in the hope that you will then distribute the goods and cash correctly. So for every 2000GBP transaction you are holding 4000 GBP in cash and art. Plus you are insuring said transactions.”
The Escow service used is Paypal. No funds actually leave the buyers account until the print has been received and authenticated by us.
“You could say providing an authentication service encourages or at least helps people sell their art ”
With the number of frauds on the market and Banksy’s rise to stardom we believe that the process of authentication is becoming ever more essential.
Hi Forum Members Sorry taken so long. More than happy to answer all the questions presented. Thank you for the feedback. ”why a percentage and not simply a flat fee. 9.9pc of 500 quid is slightly less than 9.9pc of 5k - no ? Insurance - who covers insurance? - ie say you manage a transaction where the piece is deemed to be worth say 750 ukp - and the sale goes to the us." Insurance of the print in transit is included within the 9.9 percentage handling charge. “You might find you've missed a couple of Banksy's prints off your list by the way.” Please name which ones and we will be more than happy to add them. “Also think you'll find it very difficult to "match" prices as sellers will want to inflate theirs by a minimum of 10% over the market value to cover the costs of the commission” The 10% commission is covered within the listed price, as such the price in the spread will be the price paid by the buyer. Through the use of price matching within the spread we hope that the 10% increase will be nullified. ”The cost for delivery is £15.99 within the UK and £29.99 worldwide. If you are not at home for a pre-arranged delivery then we reserve the right to charge you a further £15.99 and £29.99 respectively to redeliver your order. The delivery charge is not included within the 9.9% commission of the sale. so you have to take the day or half day off work, because as we all know delivery companies never specify a time. Suppose you could arrange delivery to work if convenient ie you dont have to carry the thing home in the rain” Our courier company, us usual, does give you a couple of chances to redeliver, this clause just covered those who arrange redelivery and then are not present continually. “7.4.1 TradeBanksy does not accept Buyer refunds under any circumstances. Refunds will only be granted if a Seller does not complete a sale within 14 working days of the sale occurring what about if the item is not in the condition it is described as, plus as mentioned there are the distance sellers regs to consider” Only prints in absolutely A1 mint condition will be sent out. ”Above all this is it true that the print is sent to Bidendum for authorisation; they authorise send it back to seller who then sends it to buyer, seems a bit of an unnecessary dance; why dont Bidendum simple take charge of the print from start to finish that way they can get PC cert and check it is in the condition described before sending it on??” Once sent to Bidendum and certified the print is sent straight to the Buyer, not back to the seller. ”However, fundamental to this is being to trust the escrow agent. After all, you are expecting sellers to ship 2000GBP prints to you, and buyers to send you 2000GBP in the hope that you will then distribute the goods and cash correctly. So for every 2000GBP transaction you are holding 4000 GBP in cash and art. Plus you are insuring said transactions.” The Escow service used is Paypal. No funds actually leave the buyers account until the print has been received and authenticated by us. “You could say providing an authentication service encourages or at least helps people sell their art ” With the number of frauds on the market and Banksy’s rise to stardom we believe that the process of authentication is becoming ever more essential.
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