irl1
Full Member
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December 2017
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Bonhams • Art Auctions • London 🇬🇧, by irl1 on Mar 6, 2019 19:35:56 GMT 1, Completely honest question. If one were to purchase this edition privately. Is it fair for a purchase price of 68k without factoring the premium that Bonhams would have attached? It never made the reserve so really it could have been the house bidding from 60 to 68
Completely honest question. If one were to purchase this edition privately. Is it fair for a purchase price of 68k without factoring the premium that Bonhams would have attached? It never made the reserve so really it could have been the house bidding from 60 to 68
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Matt
Junior Member
Posts • 2,354
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September 2014
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Bonhams • Art Auctions • London 🇬🇧, by Matt on Mar 6, 2019 19:36:28 GMT 1, Completely honest question. If one were to purchase this edition privately. Is it fair for a purchase price of 68k without factoring the premium that Bonhams would have attached?
Question isn’t if it is fair but if it is likely.
And it isn’t
This piece was probably in the wrong place at the wrong time, but most of all owners would have no incentive to let go of theirs for a measly margin
Completely honest question. If one were to purchase this edition privately. Is it fair for a purchase price of 68k without factoring the premium that Bonhams would have attached? Question isn’t if it is fair but if it is likely. And it isn’t This piece was probably in the wrong place at the wrong time, but most of all owners would have no incentive to let go of theirs for a measly margin
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19818914
Junior Member
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October 2018
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Bonhams • Art Auctions • London 🇬🇧, by 19818914 on Mar 6, 2019 19:38:20 GMT 1, Completely honest question. If one were to purchase this edition privately. Is it fair for a purchase price of 68k without factoring the premium that Bonhams would have attached? Question isn’t if it is fair but if it is likely. And it isn’t This piece was probably in the wrong place at the wrong time, but most of all owners would have no incentive to let go of theirs for a measly margin
Understandable. I can’t help but think some owners would rather use that cash for other priorities in life.
Completely honest question. If one were to purchase this edition privately. Is it fair for a purchase price of 68k without factoring the premium that Bonhams would have attached? Question isn’t if it is fair but if it is likely. And it isn’t This piece was probably in the wrong place at the wrong time, but most of all owners would have no incentive to let go of theirs for a measly margin Understandable. I can’t help but think some owners would rather use that cash for other priorities in life.
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19818914
Junior Member
Posts • 1,337
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October 2018
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Bonhams • Art Auctions • London 🇬🇧, by 19818914 on Mar 6, 2019 19:39:30 GMT 1, Completely honest question. If one were to purchase this edition privately. Is it fair for a purchase price of 68k without factoring the premium that Bonhams would have attached? This one didn't sell so obviously the seller wants more...
Only 2k more to reserve. And does the auction house charge the seller fees aside from the premium they make?
Completely honest question. If one were to purchase this edition privately. Is it fair for a purchase price of 68k without factoring the premium that Bonhams would have attached? This one didn't sell so obviously the seller wants more... Only 2k more to reserve. And does the auction house charge the seller fees aside from the premium they make?
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Deleted
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January 1970
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Bonhams • Art Auctions • London 🇬🇧, by Deleted on Mar 6, 2019 19:41:08 GMT 1, Question isn’t if it is fair but if it is likely. And it isn’t This piece was probably in the wrong place at the wrong time, but most of all owners would have no incentive to let go of theirs for a measly margin Understandable. I can’t help but think some owners would rather use that cash for other priorities in life though.
Put it out there, you never know
I wouldn't, but it only takes one
Question isn’t if it is fair but if it is likely. And it isn’t This piece was probably in the wrong place at the wrong time, but most of all owners would have no incentive to let go of theirs for a measly margin Understandable. I can’t help but think some owners would rather use that cash for other priorities in life though. Put it out there, you never know I wouldn't, but it only takes one
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19818914
Junior Member
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October 2018
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Bonhams • Art Auctions • London 🇬🇧, by 19818914 on Mar 6, 2019 19:45:58 GMT 1, Thanks. I thought this would be out of reach but it’s a strong work for 90k usd.
Thanks. I thought this would be out of reach but it’s a strong work for 90k usd.
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Bonhams • Art Auctions • London 🇬🇧, by Dexter Bulldog on Mar 6, 2019 19:52:24 GMT 1, Not really
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silvermyn
Junior Member
Posts • 1,612
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April 2008
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Bonhams • Art Auctions • London 🇬🇧, by silvermyn on Mar 6, 2019 19:59:44 GMT 1, Thoughts on what this goes for tomorrow ? Lets sweepstake it I dont think it will hit low estimate as i have zero faith in Bonhams. Come on Bonhams show me how wrong i am My guesstimate Sub 70k And the winner was... Manty!
Thoughts on what this goes for tomorrow ? Lets sweepstake it I dont think it will hit low estimate as i have zero faith in Bonhams. Come on Bonhams show me how wrong i am My guesstimate Sub 70k And the winner was... Manty!
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silvermyn
Junior Member
Posts • 1,612
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April 2008
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Bonhams • Art Auctions • London 🇬🇧, by silvermyn on Mar 6, 2019 20:01:17 GMT 1, Manty, I think you will be pleasantly surprised. No way on this earth will this not go over the high estimate! I am going to go for £170k hammer Hammer at £90k I was a bit too optimistic
Manty, I think you will be pleasantly surprised. No way on this earth will this not go over the high estimate! I am going to go for £170k hammer Hammer at £90k I was a bit too optimistic
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Bonhams • Art Auctions • London 🇬🇧, by Dexter Bulldog on Mar 6, 2019 20:02:48 GMT 1, I really don’t necessarily blame the auction house here I think this piece is a challenge for a number of reasons mentioned, mainly how to display it and it’s context. Combining those two actually it may be initially difficult for (others) to decipher it from just a regular crucifix with a rope, depending how high up it is. Whereas cwsb jumps out what it’s trying to tell you. I’m not into the blatant religious statement pieces but I’d much rather have that print than this even if there were 1000 printed and only 3 of the hooks made. People saying 200, you have to think not many people would buy this over a gwb print
I really don’t necessarily blame the auction house here I think this piece is a challenge for a number of reasons mentioned, mainly how to display it and it’s context. Combining those two actually it may be initially difficult for (others) to decipher it from just a regular crucifix with a rope, depending how high up it is. Whereas cwsb jumps out what it’s trying to tell you. I’m not into the blatant religious statement pieces but I’d much rather have that print than this even if there were 1000 printed and only 3 of the hooks made. People saying 200, you have to think not many people would buy this over a gwb print
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19818914
Junior Member
Posts • 1,337
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October 2018
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Bonhams • Art Auctions • London 🇬🇧, by 19818914 on Mar 6, 2019 20:14:49 GMT 1, I really don’t necessarily blame the auction house here I think this piece is a challenge for a number of reasons mentioned, mainly how to display it and it’s context. Combining those two actually it may be initially difficult for (others) to decipher it from just a regular crucifix with a rope, depending how high up it is. Whereas cwsb jumps out what it’s trying to tell you. I’m not into the blatant religious statement pieces but I’d much rather have that print than this even if there were 1000 printed and only 3 of the hooks made. People saying 200, you have to think not many people would buy this over a Girl With Balloon print
It’s just tiring. Banksy is so much more than a girl with balloon.
I really don’t necessarily blame the auction house here I think this piece is a challenge for a number of reasons mentioned, mainly how to display it and it’s context. Combining those two actually it may be initially difficult for (others) to decipher it from just a regular crucifix with a rope, depending how high up it is. Whereas cwsb jumps out what it’s trying to tell you. I’m not into the blatant religious statement pieces but I’d much rather have that print than this even if there were 1000 printed and only 3 of the hooks made. People saying 200, you have to think not many people would buy this over a Girl With Balloon print It’s just tiring. Banksy is so much more than a girl with balloon.
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artearte
New Member
Posts • 383
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August 2015
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Bonhams • Art Auctions • London 🇬🇧, by artearte on Mar 6, 2019 20:19:54 GMT 1, I think Bonhams was biding on it to get the reserved. Worse Banksy in 20 years. And box is not hand made by banksy.
I think Bonhams was biding on it to get the reserved. Worse Banksy in 20 years. And box is not hand made by banksy.
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Unica
Junior Member
Posts • 2,060
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November 2013
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Bonhams • Art Auctions • London 🇬🇧, by Unica on Mar 6, 2019 20:49:32 GMT 1, I'm confused on how these auctions work, if the reserve was a bit less than the low estimate and it failed to sell, does that mean it was chandelier bid up to £68k to try and get it over the line?
It's all a bit of a let down, I was actually hoping the bullish pundits would be correct, on the bright side a white NOLA sold for over £50k this week at Forum auctions. I just think the subject matter and the awkwardness of the piece wasn't appealing to the right collectors with deep enough pockets, and the box wasn't enough to pull it over the line. I'm sure the owner of these can still sell them privately for a nice profit on the secondary or they could enjoy them on their walls as I expect was the reason they bought them in the first place.
I'm confused on how these auctions work, if the reserve was a bit less than the low estimate and it failed to sell, does that mean it was chandelier bid up to £68k to try and get it over the line?
It's all a bit of a let down, I was actually hoping the bullish pundits would be correct, on the bright side a white NOLA sold for over £50k this week at Forum auctions. I just think the subject matter and the awkwardness of the piece wasn't appealing to the right collectors with deep enough pockets, and the box wasn't enough to pull it over the line. I'm sure the owner of these can still sell them privately for a nice profit on the secondary or they could enjoy them on their walls as I expect was the reason they bought them in the first place.
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Deleted
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January 1970
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Bonhams • Art Auctions • London 🇬🇧, by Deleted on Mar 6, 2019 20:50:13 GMT 1, Lets sweepstake it I dont think it will hit low estimate as i have zero faith in Bonhams. Come on Bonhams show me how wrong i am My guesstimate Sub 70k And the winner was... Manty!
Thank-You
I am not happy being right, but if people dont know its for sale they will have a problem bidding on it
have I mentioned how much I hate Bonhams?
Lets sweepstake it I dont think it will hit low estimate as i have zero faith in Bonhams. Come on Bonhams show me how wrong i am My guesstimate Sub 70k And the winner was... Manty! Thank-You I am not happy being right, but if people dont know its for sale they will have a problem bidding on it have I mentioned how much I hate Bonhams?
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witchdoctor
New Member
Posts • 272
Likes • 203
January 2018
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Bonhams • Art Auctions • London 🇬🇧, by witchdoctor on Mar 6, 2019 20:52:19 GMT 1, Looks like Banksy`s dead guys. Sell!
Looks like Banksy`s dead guys. Sell!
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lee3
New Member
Posts • 832
Likes • 1,290
November 2009
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Bonhams • Art Auctions • London 🇬🇧, by lee3 on Mar 6, 2019 20:55:48 GMT 1, I'm confused on how these auctions work, if the reserve was a bit less than the low estimate and it failed to sell, does that mean it was chandelier bid up to £68k to try and get it over the line? It's all a bit of a let down, I was actually hoping the bullish pundits would be correct, on the bright side a white NOLA sold for over £50k this week at Forum auctions. I just think the subject matter and the awkwardness of the piece wasn't appealing too many people, and the box wasn't enough to pull it over the line. I'm sure the owner of these can still sell them privately for a nice profit on the secondary or they could enjoy them on their walls as I expect was the reason they bought them in the first place. You can be certain the reserve was the low estimate in this case as it is most of the time. As the sales approach the houses will try to get consignors to lower their reserve below the low estimate for works with minimal interest. Obviously this consignor did not lower their reserve or it would have sold at 68 IF the 68 were a true bid. As a habit I always negate any bid on an unsold lot as they are more often than not simply a chandelier. Important to note that the houses have 30 days minimum to work the unsold lots for post sale bids where the consignor may or may not lower their reserve. I've even seen lots that went unsold at auction that sold post sale for more than the high estimate so anything can and does happen.
I'm confused on how these auctions work, if the reserve was a bit less than the low estimate and it failed to sell, does that mean it was chandelier bid up to £68k to try and get it over the line? It's all a bit of a let down, I was actually hoping the bullish pundits would be correct, on the bright side a white NOLA sold for over £50k this week at Forum auctions. I just think the subject matter and the awkwardness of the piece wasn't appealing too many people, and the box wasn't enough to pull it over the line. I'm sure the owner of these can still sell them privately for a nice profit on the secondary or they could enjoy them on their walls as I expect was the reason they bought them in the first place. You can be certain the reserve was the low estimate in this case as it is most of the time. As the sales approach the houses will try to get consignors to lower their reserve below the low estimate for works with minimal interest. Obviously this consignor did not lower their reserve or it would have sold at 68 IF the 68 were a true bid. As a habit I always negate any bid on an unsold lot as they are more often than not simply a chandelier. Important to note that the houses have 30 days minimum to work the unsold lots for post sale bids where the consignor may or may not lower their reserve. I've even seen lots that went unsold at auction that sold post sale for more than the high estimate so anything can and does happen.
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artearte
New Member
Posts • 383
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August 2015
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Bonhams • Art Auctions • London 🇬🇧, by artearte on Mar 6, 2019 20:58:53 GMT 1, And the winner was... Manty! Thank-You I am not happy being right, but if people dont know its for sale they will have a problem bidding on it have I mentioned how much I hate Bonhams?
You should buy what you like and not what you think you will make money with...
And the winner was... Manty! Thank-You I am not happy being right, but if people dont know its for sale they will have a problem bidding on it have I mentioned how much I hate Bonhams? You should buy what you like and not what you think you will make money with...
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Deleted
Posts • 0
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January 1970
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Bonhams • Art Auctions • London 🇬🇧, by Deleted on Mar 6, 2019 21:11:34 GMT 1, This piece is the perfect example of terrible art loved for no reason other than because of who made it.
People spunking over a cardboard box with a couple of stencils! Like that makes up for a crucifix for £100,000😂.
Shite
This piece is the perfect example of terrible art loved for no reason other than because of who made it.
People spunking over a cardboard box with a couple of stencils! Like that makes up for a crucifix for £100,000😂.
Shite
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Deleted
Posts • 0
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January 1970
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Bonhams • Art Auctions • London 🇬🇧, by Deleted on Mar 6, 2019 21:14:16 GMT 1, Thanks. I thought this would be out of reach but it’s a strong work for 90k usd. if you have 90k USD to spare for decoration in a kids room then im sure you can sdd a few quid to it, go speak to Bonhsms and you never know.
Thanks. I thought this would be out of reach but it’s a strong work for 90k usd. if you have 90k USD to spare for decoration in a kids room then im sure you can sdd a few quid to it, go speak to Bonhsms and you never know.
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irl1
Full Member
Posts • 9,274
Likes • 9,381
December 2017
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Bonhams • Art Auctions • London 🇬🇧, by irl1 on Mar 6, 2019 21:14:55 GMT 1, I'm confused on how these auctions work, if the reserve was a bit less than the low estimate and it failed to sell, does that mean it was chandelier bid up to £68k to try and get it over the line? It's all a bit of a let down, I was actually hoping the bullish pundits would be correct, on the bright side a white NOLA sold for over £50k this week at Forum auctions. I just think the subject matter and the awkwardness of the piece wasn't appealing too many people, and the box wasn't enough to pull it over the line. I'm sure the owner of these can still sell them privately for a nice profit on the secondary or they could enjoy them on their walls as I expect was the reason they bought them in the first place. You can be certain the reserve was the low estimate in this case as it is most of the time. As the sales approach the houses will try to get consignors to lower their reserve below the low estimate for works with minimal interest. Obviously this consignor did not lower their reserve or it would have sold at 68 IF the 68 were a true bid. As a habit I always negate any bid on an unsold lot as they are more often than not simply a chandelier. Important to note that the houses have 30 days minimum to work the unsold lots for post sale bids where the consignor may or may not lower their reserve. I've even seen lots that went unsold at auction that sold post sale for more than the high estimate so anything can and does happen. Nice post lee3.
I would think it was the house bidding as if it was a real bidder their not going to lose it for the extra 2 grand
I'm confused on how these auctions work, if the reserve was a bit less than the low estimate and it failed to sell, does that mean it was chandelier bid up to £68k to try and get it over the line? It's all a bit of a let down, I was actually hoping the bullish pundits would be correct, on the bright side a white NOLA sold for over £50k this week at Forum auctions. I just think the subject matter and the awkwardness of the piece wasn't appealing too many people, and the box wasn't enough to pull it over the line. I'm sure the owner of these can still sell them privately for a nice profit on the secondary or they could enjoy them on their walls as I expect was the reason they bought them in the first place. You can be certain the reserve was the low estimate in this case as it is most of the time. As the sales approach the houses will try to get consignors to lower their reserve below the low estimate for works with minimal interest. Obviously this consignor did not lower their reserve or it would have sold at 68 IF the 68 were a true bid. As a habit I always negate any bid on an unsold lot as they are more often than not simply a chandelier. Important to note that the houses have 30 days minimum to work the unsold lots for post sale bids where the consignor may or may not lower their reserve. I've even seen lots that went unsold at auction that sold post sale for more than the high estimate so anything can and does happen. Nice post lee3. I would think it was the house bidding as if it was a real bidder their not going to lose it for the extra 2 grand
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qest
New Member
Posts • 618
Likes • 712
March 2018
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Bonhams • Art Auctions • London 🇬🇧, by qest on Mar 6, 2019 21:15:18 GMT 1, Thank-You I am not happy being right, but if people dont know its for sale they will have a problem bidding on it have I mentioned how much I hate Bonhams? You should buy what you like and not what you think you will make money with... They're not mutually exclusive. But if you can drop £40K on art that you like without regard for its future value, more power to you.
Thank-You I am not happy being right, but if people dont know its for sale they will have a problem bidding on it have I mentioned how much I hate Bonhams? You should buy what you like and not what you think you will make money with... They're not mutually exclusive. But if you can drop £40K on art that you like without regard for its future value, more power to you.
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19818914
Junior Member
Posts • 1,337
Likes • 1,029
October 2018
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Bonhams • Art Auctions • London 🇬🇧, by 19818914 on Mar 6, 2019 21:19:15 GMT 1, Thanks. I thought this would be out of reach but it’s a strong work for 90k usd. if you have 90k USD to spare for decoration in a kids room then im sure you can sdd a few quid to it, go speak to Bonhsms and you never know.
I was trolling about the kids decor. I wasn’t serious about this work until I saw how accessible the price is.
Thanks. I thought this would be out of reach but it’s a strong work for 90k usd. if you have 90k USD to spare for decoration in a kids room then im sure you can sdd a few quid to it, go speak to Bonhsms and you never know. I was trolling about the kids decor. I wasn’t serious about this work until I saw how accessible the price is.
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irl1
Full Member
Posts • 9,274
Likes • 9,381
December 2017
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Bonhams • Art Auctions • London 🇬🇧, by irl1 on Mar 6, 2019 21:21:17 GMT 1, This auction told us noting.
Lets see what happens when another one is auctioned
This auction told us noting.
Lets see what happens when another one is auctioned
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Deleted
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January 1970
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Bonhams • Art Auctions • London 🇬🇧, by Deleted on Mar 6, 2019 21:23:51 GMT 1, if you have 90k USD to spare for decoration in a kids room then im sure you can sdd a few quid to it, go speak to Bonhsms and you never know. I was trolling about the kids decor. I wasn’t serious about this work until I saw how accessible the price is. get away....
if you have 90k USD to spare for decoration in a kids room then im sure you can sdd a few quid to it, go speak to Bonhsms and you never know. I was trolling about the kids decor. I wasn’t serious about this work until I saw how accessible the price is. get away....
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Unica
Junior Member
Posts • 2,060
Likes • 1,222
November 2013
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Bonhams • Art Auctions • London 🇬🇧, by Unica on Mar 6, 2019 21:26:38 GMT 1, I'm confused on how these auctions work, if the reserve was a bit less than the low estimate and it failed to sell, does that mean it was chandelier bid up to £68k to try and get it over the line? It's all a bit of a let down, I was actually hoping the bullish pundits would be correct, on the bright side a white NOLA sold for over £50k this week at Forum auctions. I just think the subject matter and the awkwardness of the piece wasn't appealing too many people, and the box wasn't enough to pull it over the line. I'm sure the owner of these can still sell them privately for a nice profit on the secondary or they could enjoy them on their walls as I expect was the reason they bought them in the first place. You can be certain the reserve was the low estimate in this case as it is most of the time. As the sales approach the houses will try to get consignors to lower their reserve below the low estimate for works with minimal interest. Obviously this consignor did not lower their reserve or it would have sold at 68 IF the 68 were a true bid. As a habit I always negate any bid on an unsold lot as they are more often than not simply a chandelier. Important to note that the houses have 30 days minimum to work the unsold lots for post sale bids where the consignor may or may not lower their reserve. I've even seen lots that went unsold at auction that sold post sale for more than the high estimate so anything can and does happen. Thanks Lee, that makes sense now. I would also tend to think someone will approach the house to make a deal. I suspect the owner would have no problem selling on the secondary for a modest profit, maybe not quite as much as some suggested. I've always been interested in how you have mentioned that it's important to place work in the right auction a the right time. Case in point, lets not forget the small Get Real canvas that sold for £400k not that long ago.
I'm confused on how these auctions work, if the reserve was a bit less than the low estimate and it failed to sell, does that mean it was chandelier bid up to £68k to try and get it over the line? It's all a bit of a let down, I was actually hoping the bullish pundits would be correct, on the bright side a white NOLA sold for over £50k this week at Forum auctions. I just think the subject matter and the awkwardness of the piece wasn't appealing too many people, and the box wasn't enough to pull it over the line. I'm sure the owner of these can still sell them privately for a nice profit on the secondary or they could enjoy them on their walls as I expect was the reason they bought them in the first place. You can be certain the reserve was the low estimate in this case as it is most of the time. As the sales approach the houses will try to get consignors to lower their reserve below the low estimate for works with minimal interest. Obviously this consignor did not lower their reserve or it would have sold at 68 IF the 68 were a true bid. As a habit I always negate any bid on an unsold lot as they are more often than not simply a chandelier. Important to note that the houses have 30 days minimum to work the unsold lots for post sale bids where the consignor may or may not lower their reserve. I've even seen lots that went unsold at auction that sold post sale for more than the high estimate so anything can and does happen. Thanks Lee, that makes sense now. I would also tend to think someone will approach the house to make a deal. I suspect the owner would have no problem selling on the secondary for a modest profit, maybe not quite as much as some suggested. I've always been interested in how you have mentioned that it's important to place work in the right auction a the right time. Case in point, lets not forget the small Get Real canvas that sold for £400k not that long ago.
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19818914
Junior Member
Posts • 1,337
Likes • 1,029
October 2018
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Bonhams • Art Auctions • London 🇬🇧, by 19818914 on Mar 6, 2019 21:27:49 GMT 1, I was trolling about the kids decor. I wasn’t serious about this work until I saw how accessible the price is. get away....
What’s that?
I was trolling about the kids decor. I wasn’t serious about this work until I saw how accessible the price is. get away.... What’s that?
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Deleted
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January 1970
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Bonhams • Art Auctions • London 🇬🇧, by Deleted on Mar 6, 2019 21:32:20 GMT 1, i was just expressing my surprise at your trolling
i was just expressing my surprise at your trolling
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19818914
Junior Member
Posts • 1,337
Likes • 1,029
October 2018
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Bonhams • Art Auctions • London 🇬🇧, by 19818914 on Mar 6, 2019 21:34:27 GMT 1, i was just expressing my surprise at your trolling
I apologize. I was merely being playful. It gets lonely in prison.
i was just expressing my surprise at your trolling I apologize. I was merely being playful. It gets lonely in prison.
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Winter
Junior Member
Posts • 7,152
Likes • 4,455
March 2007
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Bonhams • Art Auctions • London 🇬🇧, by Winter on Mar 6, 2019 21:51:03 GMT 1, I don’t think anyone will pay over what this reached in the near future, it’s documented and I doubt another one on a different day in a different auction house will set the world alight. If I had one to sell I’d be putting it away for a year or two before trying it through auction.
I don’t think anyone will pay over what this reached in the near future, it’s documented and I doubt another one on a different day in a different auction house will set the world alight. If I had one to sell I’d be putting it away for a year or two before trying it through auction.
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