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Urban Art in Recession?, by spenie on Nov 16, 2011 22:12:30 GMT 1, Too many people buying absolutely anything that gets released, and purely on the word of two or three people on a forum talking it up
Couldn't agree more. Buy what you like and at what you consider a reasonable price for the work, not what people say is going to be the next big thing. Then you've no need to sell it on, as it's up on your wall to be viewed and not tucked away in a portfolio waiting for the best time to sell.
Too many people buying absolutely anything that gets released, and purely on the word of two or three people on a forum talking it up Couldn't agree more. Buy what you like and at what you consider a reasonable price for the work, not what people say is going to be the next big thing. Then you've no need to sell it on, as it's up on your wall to be viewed and not tucked away in a portfolio waiting for the best time to sell.
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plush
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November 2011
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Urban Art in Recession?, by plush on Nov 16, 2011 22:26:21 GMT 1, I'm not a fan of you 'just for investment types' as it just means that someone like myself that would love to own a Banksy will simply never be able to own one because the prices are just too high. I hope those people get their fingers burned for being greedy...
But would you want to own a Bansky if they were $10? I seriously doubt it as there are many more out there like him and style for cheaper. No, you want to own his stuff because it does have value.
I'm not a fan of you 'just for investment types' as it just means that someone like myself that would love to own a Banksy will simply never be able to own one because the prices are just too high. I hope those people get their fingers burned for being greedy... But would you want to own a Bansky if they were $10? I seriously doubt it as there are many more out there like him and style for cheaper. No, you want to own his stuff because it does have value.
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chaserawr
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February 2011
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Urban Art in Recession?, by chaserawr on Nov 16, 2011 22:29:01 GMT 1, I would.
I would.
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Urban Art in Recession?, by Deleted on Nov 16, 2011 22:35:10 GMT 1, doomed
doomed
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Urban Art in Recession?, by Deleted on Nov 16, 2011 22:38:37 GMT 1, Let's get this straight, apart from a few (a very few) artists, buying urban art and expecting to be able to sell in 10-15 years or even 10-15 months for the amount you paid is just not going to happen. That in itself should tell you what you need to know.
Let's get this straight, apart from a few (a very few) artists, buying urban art and expecting to be able to sell in 10-15 years or even 10-15 months for the amount you paid is just not going to happen. That in itself should tell you what you need to know.
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Urban Art in Recession?, by manty on Nov 16, 2011 22:43:47 GMT 1,
;D
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jusdeep
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October 2007
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Urban Art in Recession?, by jusdeep on Nov 16, 2011 23:14:24 GMT 1, I would like to think if you buy wisely and buy on raw talent and not hype you stand a good chance on a possible return. But with everything within the investment world there are peaks and troughs and unseen variables. The only thing you can count on is your own personal judgement. Buy what you like, be happy, enjoy it on your wall. Art should be appreciated, not sitting in a portfolio hoping that it will be worth X amount more than you paid 1, 5, 10 years down the line.
As Remi said previously an artist should paint for love not for their bank balance, that really isn't what it's about. If making money, fame or public notoriety come, then so be it.
There's still hopefully some miles left and some extremely talented artists who achieve a viable crossover and continue to develop and hone their skills. In my opinion the bubble isn't even close to bursting. Maybe the climate isn't strong but there is still legs in the old dog yet. After all there's plenty more art out there which isn't classed as 'urban' and is equally as satisfying.
I would like to think if you buy wisely and buy on raw talent and not hype you stand a good chance on a possible return. But with everything within the investment world there are peaks and troughs and unseen variables. The only thing you can count on is your own personal judgement. Buy what you like, be happy, enjoy it on your wall. Art should be appreciated, not sitting in a portfolio hoping that it will be worth X amount more than you paid 1, 5, 10 years down the line.
As Remi said previously an artist should paint for love not for their bank balance, that really isn't what it's about. If making money, fame or public notoriety come, then so be it.
There's still hopefully some miles left and some extremely talented artists who achieve a viable crossover and continue to develop and hone their skills. In my opinion the bubble isn't even close to bursting. Maybe the climate isn't strong but there is still legs in the old dog yet. After all there's plenty more art out there which isn't classed as 'urban' and is equally as satisfying.
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Urban Art in Recession?, by Deleted on Nov 16, 2011 23:24:01 GMT 1, Buy what you want, but be reassured there's still a bubble and the chance of profit.
That in a sentence is exactly what's wrong in this little scene.
Buy what you want, but be reassured there's still a bubble and the chance of profit.
That in a sentence is exactly what's wrong in this little scene.
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Deleted
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January 1970
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Urban Art in Recession?, by Deleted on Nov 16, 2011 23:29:38 GMT 1, It's difficult to compare but annualized return from January 2000 to January 2011 of the S&p gives 0.31%. Not sure that most artist have such a low return (impossible to find out for the whole market though without bias). You can't also compare (unfortunately) gallery prices with fair market value. It's a mix of price manipulation, PR, management, hype....... etc Most newly published art nowadays is overpriced at source (or inflated at gallery prices).
Within that timeframe there was the biggest financial shock ever? So hardly a comparable?
It's difficult to compare but annualized return from January 2000 to January 2011 of the S&p gives 0.31%. Not sure that most artist have such a low return (impossible to find out for the whole market though without bias). You can't also compare (unfortunately) gallery prices with fair market value. It's a mix of price manipulation, PR, management, hype....... etc Most newly published art nowadays is overpriced at source (or inflated at gallery prices). Within that timeframe there was the biggest financial shock ever? So hardly a comparable?
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Urban Art in Recession?, by boatyyy on Nov 17, 2011 0:12:01 GMT 1, in the short term market - alot of room for the flippas to make a killing within days on quality popular art and artists just sayin' ;D
longer term - buy what you like/love... when i visit friends i almost never know who the artist was who did a piece they have hanging on their walls...
as an aside, urban art has got legs... needs more serious players - but this ain't going no where no time soon... legends never realize they're legends at the time of making - they and their partrons are often too pure to see their legacy in advance - but there are few others who see/sense it in them early...
EDIT: forgot to mention - suggest, buy banksy stuff if you're investing for the long term - legend status secured, imho... my uninformed gut tells me we haven't seen all this fella has done and what he is capable of...
in the short term market - alot of room for the flippas to make a killing within days on quality popular art and artists just sayin' ;D longer term - buy what you like/love... when i visit friends i almost never know who the artist was who did a piece they have hanging on their walls... as an aside, urban art has got legs... needs more serious players - but this ain't going no where no time soon... legends never realize they're legends at the time of making - they and their partrons are often too pure to see their legacy in advance - but there are few others who see/sense it in them early... EDIT: forgot to mention - suggest, buy banksy stuff if you're investing for the long term - legend status secured, imho... my uninformed gut tells me we haven't seen all this fella has done and what he is capable of...
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Urban Art in Recession?, by Jeezuz Jones Snr on Nov 17, 2011 0:27:44 GMT 1, Too many people buying absolutely anything that gets released, and purely on the word of two or three people on a forum talking it up Couldn't agree more. Buy what you like and at what you consider a reasonable price for the work, not what people say is going to be the next big thing. Then you've no need to sell it on, as it's up on your wall to be viewed and not tucked away in a portfolio waiting for the best time to sell.
Yeeees Dan
Too many people buying absolutely anything that gets released, and purely on the word of two or three people on a forum talking it up Couldn't agree more. Buy what you like and at what you consider a reasonable price for the work, not what people say is going to be the next big thing. Then you've no need to sell it on, as it's up on your wall to be viewed and not tucked away in a portfolio waiting for the best time to sell. Yeeees Dan
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Deleted
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Urban Art in Recession?, by Deleted on Nov 17, 2011 0:31:59 GMT 1, It's reassuring that experience seemingly teaches nothing.
It's reassuring that experience seemingly teaches nothing.
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Urban Art in Recession?, by boatyyy on Nov 17, 2011 0:48:35 GMT 1, try not to think of 'urban art' as only a buy/sell machine... but the potential for its impact on the beautification of society - who else really takes it to the streets? - as an example, what bristol(?) and it's city govt did some months ago, was incredible... we can't cage ourselves by this scenes limited siloed money view or trapped in this existence... must see ourselves for something more and don't corner ourselves... there are enough folks who will try to do that for this "scene"... anyways, what do i know...
try not to think of 'urban art' as only a buy/sell machine... but the potential for its impact on the beautification of society - who else really takes it to the streets? - as an example, what bristol(?) and it's city govt did some months ago, was incredible... we can't cage ourselves by this scenes limited siloed money view or trapped in this existence... must see ourselves for something more and don't corner ourselves... there are enough folks who will try to do that for this "scene"... anyways, what do i know...
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Deleted
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January 1970
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Urban Art in Recession?, by Deleted on Nov 17, 2011 1:06:27 GMT 1, Worthy idealism tarnished by the plain fact so much of the street art present is plainly an advert for work to sell and not an end in itself. This is where the scene ate itself.
Take back the streets but I think the call has to move on from this commodified scene.
Worthy idealism tarnished by the plain fact so much of the street art present is plainly an advert for work to sell and not an end in itself. This is where the scene ate itself.
Take back the streets but I think the call has to move on from this commodified scene.
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Urban Art in Recession?, by Daniel Silk on Nov 17, 2011 18:28:42 GMT 1, Should Artists increase prices until prints start to sell slower, rather than instantly?
Would that stop those people buying and selling straight away, and then cause resale prices to rise due to lack of pieces up for resale?
Should Artists increase prices until prints start to sell slower, rather than instantly?
Would that stop those people buying and selling straight away, and then cause resale prices to rise due to lack of pieces up for resale?
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Urban Art in Recession?, by hunter007 on Nov 17, 2011 18:37:51 GMT 1, Should Artists increase prices until prints start to sell slower, rather than instantly? Would that stop those people buying and selling straight away, and then cause resale prices to rise due to lack of pieces up for resale?
I think most of the time people always want something they cant have, so prints will always fetch more on the secondry market, Of course dependant on the print and if it is seen to be a must have
Should Artists increase prices until prints start to sell slower, rather than instantly? Would that stop those people buying and selling straight away, and then cause resale prices to rise due to lack of pieces up for resale? I think most of the time people always want something they cant have, so prints will always fetch more on the secondry market, Of course dependant on the print and if it is seen to be a must have
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Urban Art in Recession?, by bernard on Nov 17, 2011 19:03:39 GMT 1, Swings n roundabouts, some sales better than others, depends if buying or selling AND which Artists, some have been hyped up to buggery by galleries poor sods. Market nackered? not quite, not yet, come Spring and a bit of sun the sales will go mental again. Forget the doomngloom, spend it while you can!.
Swings n roundabouts, some sales better than others, depends if buying or selling AND which Artists, some have been hyped up to buggery by galleries poor sods. Market nackered? not quite, not yet, come Spring and a bit of sun the sales will go mental again. Forget the doomngloom, spend it while you can!.
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iamzero
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May 2011
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Urban Art in Recession?, by iamzero on Nov 17, 2011 19:19:48 GMT 1, I'm not a fan of you 'just for investment types' as it just means that someone like myself that would love to own a Banksy will simply never be able to own one because the prices are just too high. I hope those people get their fingers burned for being greedy... But would you want to own a Bansky if they were $10? I seriously doubt it as there are many more out there like him and style for cheaper. No, you want to own his stuff because it does have value.
That's just a dumb comment, of course I'd want a Banksy if they were $10 because I'm buying to hang on my wall. If I'd have know about print buying a few years ago I would have bought back then but I'm a newbie by my own admission but have followed Banksy since he released the small paperback books that I bought way back when.
There are alot of the images I simply wouldn't want like the Jesus Shopping one or the Turf War one no matter what the cost. Now if either of those were $10 I'd be an idiot to not snap it up and swap it for a Banksy image I did like.
I have a few Charming Baker prints that I've bought and they've more than doubled since but they were bought because I loved the images and not because I could make a few quid.
So Daniel Silk your comment couldn't be more wrong in my case I'm more than happy to tell you.
Read more: urbanartassociation.com/index.cgi?action=display&board=urbanart&thread=89143&page=2#ixzz1dzJyfBaO
I'm not a fan of you 'just for investment types' as it just means that someone like myself that would love to own a Banksy will simply never be able to own one because the prices are just too high. I hope those people get their fingers burned for being greedy... But would you want to own a Bansky if they were $10? I seriously doubt it as there are many more out there like him and style for cheaper. No, you want to own his stuff because it does have value. That's just a dumb comment, of course I'd want a Banksy if they were $10 because I'm buying to hang on my wall. If I'd have know about print buying a few years ago I would have bought back then but I'm a newbie by my own admission but have followed Banksy since he released the small paperback books that I bought way back when. There are alot of the images I simply wouldn't want like the Jesus Shopping one or the Turf War one no matter what the cost. Now if either of those were $10 I'd be an idiot to not snap it up and swap it for a Banksy image I did like. I have a few Charming Baker prints that I've bought and they've more than doubled since but they were bought because I loved the images and not because I could make a few quid. So Daniel Silk your comment couldn't be more wrong in my case I'm more than happy to tell you. Read more: urbanartassociation.com/index.cgi?action=display&board=urbanart&thread=89143&page=2#ixzz1dzJyfBaO
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artylang
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December 2010
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Urban Art in Recession?, by artylang on Nov 17, 2011 19:34:12 GMT 1, So, I've been avidly collecting for the past couple of years, some as pieces I love and want to put up on my walls and others I have bought purely as investments. Even a year ago I was seeing the 'royalty' of the urban art world continue to generate massive interest and an immediate increase in value of work. TMA New York selling at more than double it's release value. Micallef's being coveted as lucrative investments with massive increases on release prices and an across the board feeling of even the most obscure artists being a sound investment. Now we are seeing some of the prices of the same top tier in the urban art world crumbling almost day by day. Where some of the most collectible banksys were previously way out of my reach they have become affordable and ( micallef in particular) we are witnessing works that were commanding double or triple the release price now struggling to achieve their cost price. Is this simply a result of economic climes and therefore is a buyers market or are we witnessing the death of some of the current stars and the emergence of a new group of artists. Don't get me wrong, Banksy is always going to be in demand but when you have the likes of Laz pushing his big artists with massive prices for the og's (mic & faile in particular) yet the market seems indifferent to them it makes me wonder if there is genuine demand or just PR in trying to maintain some sort of perception of demand What are your views?
Did you just put Nick Walker in as a top tier artist???
You have to understand that 99% of what is discussed on here are not investments. I dont want to be rude, but a nick walker tma print is not something most people in the art world would consider fine art. I dont care who or how much he was capitalized on in years past. Consider it a fortunate blip in the system. That is not an opinion, it is fact. The quality of the work on discussed on this website has decreased exponentially over the years. Not sure what to attribute this to. Maybe folks saw the money being made and thought they, too, could be artists. The stuff that is hyped on here a "great investment" really bugs me sometimes. Like anything else in life, the more you put into something, the more you get out of it. So if you want to invest in art or spend large amounts of cash on it, do yourself a gigantic favor and do you due diligence. You will not only probably do well, you will also gain a much greater appreciation for the art in your home.
While I agree that Micallef is a tremendously talented individual, it just goes to show how mis-management (read: greed) can stall a blossoming career.
There are tons of great "opportunities" out there if you are always looking and have the eye and relationships to know when things are "right". While a quick sell out looks good, I dont think Ive ever seen it mentioned on an artist's CV.
So, I've been avidly collecting for the past couple of years, some as pieces I love and want to put up on my walls and others I have bought purely as investments. Even a year ago I was seeing the 'royalty' of the urban art world continue to generate massive interest and an immediate increase in value of work. TMA New York selling at more than double it's release value. Micallef's being coveted as lucrative investments with massive increases on release prices and an across the board feeling of even the most obscure artists being a sound investment. Now we are seeing some of the prices of the same top tier in the urban art world crumbling almost day by day. Where some of the most collectible banksys were previously way out of my reach they have become affordable and ( micallef in particular) we are witnessing works that were commanding double or triple the release price now struggling to achieve their cost price. Is this simply a result of economic climes and therefore is a buyers market or are we witnessing the death of some of the current stars and the emergence of a new group of artists. Don't get me wrong, Banksy is always going to be in demand but when you have the likes of Laz pushing his big artists with massive prices for the og's (mic & faile in particular) yet the market seems indifferent to them it makes me wonder if there is genuine demand or just PR in trying to maintain some sort of perception of demand What are your views? Did you just put Nick Walker in as a top tier artist??? You have to understand that 99% of what is discussed on here are not investments. I dont want to be rude, but a nick walker tma print is not something most people in the art world would consider fine art. I dont care who or how much he was capitalized on in years past. Consider it a fortunate blip in the system. That is not an opinion, it is fact. The quality of the work on discussed on this website has decreased exponentially over the years. Not sure what to attribute this to. Maybe folks saw the money being made and thought they, too, could be artists. The stuff that is hyped on here a "great investment" really bugs me sometimes. Like anything else in life, the more you put into something, the more you get out of it. So if you want to invest in art or spend large amounts of cash on it, do yourself a gigantic favor and do you due diligence. You will not only probably do well, you will also gain a much greater appreciation for the art in your home. While I agree that Micallef is a tremendously talented individual, it just goes to show how mis-management (read: greed) can stall a blossoming career. There are tons of great "opportunities" out there if you are always looking and have the eye and relationships to know when things are "right". While a quick sell out looks good, I dont think Ive ever seen it mentioned on an artist's CV.
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iamzero
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May 2011
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Urban Art in Recession?, by iamzero on Nov 17, 2011 19:55:58 GMT 1, That's just a dumb comment, of course I'd want a Banksy if they were $10 because I'm buying to hang on my wall. If I'd have know about print buying a few years ago I would have bought back then. You're just missing the point entirely. If Banksy prints never gained in value or ever traded above $10 then there's a huge likelihood you (or I) would have never even heard of him. The reason he is on so many peoples radar is precisely because his prints went from $10 to $10000.
I'm not sure it's me that's missing the point? I thought the argument there was that I wouldn't want a Banksy if they only cost $10... and the answer is yes I would just like the print I bought last week for ยฃ30 because, guess what.... I liked the image. No brainer.
Flipper or invester... Fine line. Art lover... That's where I fall.
That's just a dumb comment, of course I'd want a Banksy if they were $10 because I'm buying to hang on my wall. If I'd have know about print buying a few years ago I would have bought back then. You're just missing the point entirely. If Banksy prints never gained in value or ever traded above $10 then there's a huge likelihood you (or I) would have never even heard of him. The reason he is on so many peoples radar is precisely because his prints went from $10 to $10000. I'm not sure it's me that's missing the point? I thought the argument there was that I wouldn't want a Banksy if they only cost $10... and the answer is yes I would just like the print I bought last week for ยฃ30 because, guess what.... I liked the image. No brainer. Flipper or invester... Fine line. Art lover... That's where I fall.
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plush
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November 2011
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Urban Art in Recession?, by plush on Nov 17, 2011 20:26:14 GMT 1, That's just a dumb comment, of course I'd want a Banksy if they were $10 because I'm buying to hang on my wall. If I'd have know about print buying a few years ago I would have bought back then. You're just missing the point entirely. If Banksy prints never gained in value or ever traded above $10 then there's a huge likelihood you (or I) would have never even heard of him. The reason he is on so many peoples radar is precisely because his prints went from $10 to $10000.
Glad to see someone can admit the obvious.
That's just a dumb comment, of course I'd want a Banksy if they were $10 because I'm buying to hang on my wall. If I'd have know about print buying a few years ago I would have bought back then. You're just missing the point entirely. If Banksy prints never gained in value or ever traded above $10 then there's a huge likelihood you (or I) would have never even heard of him. The reason he is on so many peoples radar is precisely because his prints went from $10 to $10000. Glad to see someone can admit the obvious.
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eschiff
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January 2010
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Urban Art in Recession?, by eschiff on Nov 17, 2011 20:39:38 GMT 1, i don't understand why there's often a note of scorn in the messages which talk about the value (monetary) of art. Somebody quoted warhol awhile back and he was spot on.
there are many reasons to buy art, and money (investment) is just as valid as reason as love of the image.
I just dropped a shitload of money on one (hopefully soon to be two) rats. Now why would i do this?
Do i think they're the best examples of art ever created? No. Do i think i can sell them in 6 months and make 10 grand? No. But the combination of really liking the images, the history of the image and history of the artist, plus the hope that they will appreciate (i would hope significantly) in the next decade made me do it.
i don't know much about the housing market, or the stock market, what i'm hoping is i know a bit about the art market. But i imagine if you knew a lot about the housing market and were in to flipping houses (i have a mate that does this) you would be buying based on the same principles (assuming you're living in the flat for a few years while fixing it up)
i don't understand why there's often a note of scorn in the messages which talk about the value (monetary) of art. Somebody quoted warhol awhile back and he was spot on.
there are many reasons to buy art, and money (investment) is just as valid as reason as love of the image.
I just dropped a shitload of money on one (hopefully soon to be two) rats. Now why would i do this?
Do i think they're the best examples of art ever created? No. Do i think i can sell them in 6 months and make 10 grand? No. But the combination of really liking the images, the history of the image and history of the artist, plus the hope that they will appreciate (i would hope significantly) in the next decade made me do it.
i don't know much about the housing market, or the stock market, what i'm hoping is i know a bit about the art market. But i imagine if you knew a lot about the housing market and were in to flipping houses (i have a mate that does this) you would be buying based on the same principles (assuming you're living in the flat for a few years while fixing it up)
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iamzero
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May 2011
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Urban Art in Recession?, by iamzero on Nov 17, 2011 20:44:00 GMT 1, Maybe I'm missing the point? Daniel Silk was assuming I only liked Banksy's work because it's worth big money... which I said is incorrect. The point of how discovered Banksy is irrelavant.
As it happens I vaguely knew of Banksy from his Graffiti days along with 3D and Goldie, I'm afraid I'm of the old school of tagging walls from about 1984 when the school library got a copy of Subway Art and watching Wildstyle and Bombin' so as far as Urban Art goes I could well pre date all you experts?
Maybe I'm missing the point? Daniel Silk was assuming I only liked Banksy's work because it's worth big money... which I said is incorrect. The point of how discovered Banksy is irrelavant.
As it happens I vaguely knew of Banksy from his Graffiti days along with 3D and Goldie, I'm afraid I'm of the old school of tagging walls from about 1984 when the school library got a copy of Subway Art and watching Wildstyle and Bombin' so as far as Urban Art goes I could well pre date all you experts?
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Urban Art in Recession?, by manty on Nov 17, 2011 20:45:41 GMT 1, Should Artists increase prices until prints start to sell slower, rather than instantly? Would that stop those people buying and selling straight away, and then cause resale prices to rise due to lack of pieces up for resale?
I think they should all go on strike for 2 years.
Or give everything they produce away free of charge
they owe us, the buyers that much
Should Artists increase prices until prints start to sell slower, rather than instantly? Would that stop those people buying and selling straight away, and then cause resale prices to rise due to lack of pieces up for resale? I think they should all go on strike for 2 years. Or give everything they produce away free of charge they owe us, the buyers that much
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Urban Art in Recession?, by manty on Nov 17, 2011 20:48:36 GMT 1, Maybe I'm missing the point? Daniel Silk was assuming I only liked Banksy's work because it's worth big money... which I said is incorrect. The point of how discovered Banksy is irrelavant. As it happens I vaguely knew of Banksy from his Graffiti days along with 3D and Goldie, I'm afraid I'm of the old school of tagging walls from about 1984 when the school library got a copy of Subway Art and watching Wildstyle and Bombin' so as far as Urban Art goes I could well pre date all you experts?
Dad?
;D
Maybe I'm missing the point? Daniel Silk was assuming I only liked Banksy's work because it's worth big money... which I said is incorrect. The point of how discovered Banksy is irrelavant. As it happens I vaguely knew of Banksy from his Graffiti days along with 3D and Goldie, I'm afraid I'm of the old school of tagging walls from about 1984 when the school library got a copy of Subway Art and watching Wildstyle and Bombin' so as far as Urban Art goes I could well pre date all you experts? Dad? ;D
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chaserawr
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February 2011
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Urban Art in Recession?, by chaserawr on Nov 17, 2011 21:51:18 GMT 1, As a newer and younger member on here and I currently do not own any REAL Banksy prints. I have made a few myself and framed them. Anyways, I found the artwork of Banksy and many others witty, interesting, thought provoking, and somewhat crude, FIRST! I knew nothing about art, prints, buying arts, auctions, VIP viewings, limited edition, all that bullshit which hangs on this forum day and night. THEN As I plunged further from the surface I found the money surrounding the scene.
I'm not sure about how some of you got into Urban Art and Banksy, but I just initially liked what it meant.
As a newer and younger member on here and I currently do not own any REAL Banksy prints. I have made a few myself and framed them. Anyways, I found the artwork of Banksy and many others witty, interesting, thought provoking, and somewhat crude, FIRST! I knew nothing about art, prints, buying arts, auctions, VIP viewings, limited edition, all that bullshit which hangs on this forum day and night. THEN As I plunged further from the surface I found the money surrounding the scene.
I'm not sure about how some of you got into Urban Art and Banksy, but I just initially liked what it meant.
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January 1970
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Urban Art in Recession?, by Deleted on Nov 17, 2011 22:14:03 GMT 1, I wonder if the expression 'safe as houses' will be replaced in a generation's time by 'safe as Banksy'?
I doubt that too.
I wonder if the expression 'safe as houses' will be replaced in a generation's time by 'safe as Banksy'?
I doubt that too.
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Urban Art in Recession?, by Daniel Silk on Nov 18, 2011 0:36:48 GMT 1, Sorry, I wasnt talking about you or anyone in particular
Maybe I'm missing the point? Daniel Silk was assuming I only liked Banksy's work because it's worth big money... which I said is incorrect. The point of how discovered Banksy is irrelavant.
Sorry, I wasnt talking about you or anyone in particular Maybe I'm missing the point? Daniel Silk was assuming I only liked Banksy's work because it's worth big money... which I said is incorrect. The point of how discovered Banksy is irrelavant.
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Urban Art in Recession?, by Richard Seabrooke on Nov 18, 2011 0:43:40 GMT 1, Prices are definitely in decline, you've only got to look at the pieces that aren't being snapped up or are going for far less than their original value to see that forces are impacting. I've managed to get a lot of pieces I've always wanted by just waiting it out and going for it when I know I'd do well, not chasing or outbidding like I was guilty of in the past... Whether it's the recession, the fact people have bought more prints that they have walls for, the frequency and quantity of art being released right now, the fact they got suckered into the next big thing only to find out they aren't, they need to get married / do up the house and they don't have the cash and all sorts of other reasons... Whatever it is I always go back to something that still rings true, if you like the image buy it and enjoy it, if you think you're going to make money on it do so at your own peril... The same happened to the designer/vinyl toy scene a couple of years back when it all went into hyperdrive and now it's a shadow of itself with key pieces going for close to face if not less... As someone posted earlier it's all just print on paper, in the same way that toys are just printed/painted plastic, if you only see your art as investment pieces, much like house prices you could be waiting a long, long time for them to rebound, and that's assuming the artist you've invested in is remembered in the history books... Think of it like Pokemon cards, kids would do anything to get the whole set, every conceivable card, but in the end they're just pieces of paper wrapped up in a tonne of spin which a couple of years down the road are worthless because the world's moved on to even shinier things...
Prices are definitely in decline, you've only got to look at the pieces that aren't being snapped up or are going for far less than their original value to see that forces are impacting. I've managed to get a lot of pieces I've always wanted by just waiting it out and going for it when I know I'd do well, not chasing or outbidding like I was guilty of in the past... Whether it's the recession, the fact people have bought more prints that they have walls for, the frequency and quantity of art being released right now, the fact they got suckered into the next big thing only to find out they aren't, they need to get married / do up the house and they don't have the cash and all sorts of other reasons... Whatever it is I always go back to something that still rings true, if you like the image buy it and enjoy it, if you think you're going to make money on it do so at your own peril... The same happened to the designer/vinyl toy scene a couple of years back when it all went into hyperdrive and now it's a shadow of itself with key pieces going for close to face if not less... As someone posted earlier it's all just print on paper, in the same way that toys are just printed/painted plastic, if you only see your art as investment pieces, much like house prices you could be waiting a long, long time for them to rebound, and that's assuming the artist you've invested in is remembered in the history books... Think of it like Pokemon cards, kids would do anything to get the whole set, every conceivable card, but in the end they're just pieces of paper wrapped up in a tonne of spin which a couple of years down the road are worthless because the world's moved on to even shinier things...
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curiousgeorge
Junior Member
Posts โข 5,833
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March 2007
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Urban Art in Recession?, by curiousgeorge on Nov 18, 2011 1:46:14 GMT 1, I think the timeframe is all wrong in this thread,prices crashed A LONG time ago
Not a dig Silky but it's very ironic you seem to enjoy mentioning people buying on the say so of 2 or 3 people, truth be told it was dozens and dozens not 2 or 3 (yet you provided the platform to do just that) And shock horror paid to promote artists/galleries (your words from not so long ago)
I 'lost' chunks on Adam Neate yet his works are my favourites,now I've moved on a bit more and intend on filling the house with the work of one artist all for the image
JMO Anyway
I think the timeframe is all wrong in this thread,prices crashed A LONG time ago
Not a dig Silky but it's very ironic you seem to enjoy mentioning people buying on the say so of 2 or 3 people, truth be told it was dozens and dozens not 2 or 3 (yet you provided the platform to do just that) And shock horror paid to promote artists/galleries (your words from not so long ago)
I 'lost' chunks on Adam Neate yet his works are my favourites,now I've moved on a bit more and intend on filling the house with the work of one artist all for the image
JMO Anyway
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