It's easy to manipulate the market. Look at the Chinese modern art bubble a few years ago. I think another reason for the not optimal sales results is art Miami on recently which would have an effect on buyers deciding to buy something from there as an investment by someone affordable in the same price range as Banksy prints plus other sales in NY etc plus buyers don't have to visit and physically bid, even though i'm sure many find it more enjoyable than leaving bids online.

I think it's quite an enigma that hardcore Banksy fans appear to be the major buyers of his prints (well at least on this board) whereas in general art investors who look at markets tend to know very little about the actual artist. 

 I don't know if the unravellings step by step are making many buyers conclude that Banksy is not one person but could be something else entirely which could put some off investing at the moment.

  The mega high prices that Banksy street art has been sold for as promoted by Sincura and other dealers could also be nothing more than flim flam and the pieces unsold or not actually sold for the high prices in reality.

   It all looks good though from where i'm sitting. I buy high and sell low, i'll get the hang of this investing thing one day.


    

Not even as a buyer, as I learned 2 weeks ago ...

I never cease to be amazed at the moronic posts on this forum by people who don't understand the importance of firstly, the seasonality, and secondly, the auction house as you've corrcetly addressed. People just like to talk nonsense. Next thing you know, they'll say the auction result for a dry-mounted, foxed print is the new precedent; 50% lower than a result from just the week prior and that "prices are softening!"

I know. We are so thick. Nobody purchases anything in the run up to Christmas!!
If seasonality is so important why are they holding auctions in December at all. If anyone knows the auction business it’s auxtion houses.
I despair

I was mentored by people much wiser with experience that still dwarfs that of mine 20 years later.  They were steadfast in their rules about the market many of which still hold to this day (some do not- like never buy unsigned prints- ha).  But, they were adamant that if you consign to auction make certain you do so in the prime months at the prime houses only for maximum potential.  I haven't consigned in maybe 7 years so that is moot but the converse is true too.  Namely, their belief that the off season months were mostly filled with secondary dealers buying for inventory with muted results by comparison.   

Times change and the auction houses have stuffed more sales than ever into the year.  This year alone we have originals on offer at both London and Paris in late November and December which I don't recall from prior years.  Traditionally, you had your prime sales being NY in May/November with London Feb/June and everything else was considered secondary sales (London Oct, NY March).  September has always been a warm up month after the August break and nobody expected fireworks of any kind from the close of November NY until the London sales the following year.  Long winded point being, color me a strong believer in the seasonality or simply old fashioned. I had absentee bids for the NY Nov. sales for works that I was drawn to and all were run over, most by about 3 times what I bid and one by more than 10x.  I wasn't even in the ballpark.  I've followed the sales closely for some time now and there is no denying in hindsight year after year that the fireworks are in the prime months and it's exceedingly rare by comparison for explosive action any other time of the year.   

I am of the utmost honesty and don't brag about anything. I just like calling an uneducated, ignorant, sh*t-talking fool what he is. 

really? 60k for a nola....

thats pretty mental, i thought these were nesting around 30 to 35k

Click thck thck thck click.........

Skippy says “ I have a friend , a very close friend, so close that vision becomes blurred. His private sale has recently gone through of a print equal in status and generally acknowledged as on par in terms of value and kudos with one of the above sold for 10k GBP higher than what was achieved as this auction,.....luck , timing , knowledge , skill , u decide “

Click thck thck......

Skip says “ Fuking hate when you have something really profound to say and it ends up by 1 post being on the previous page - Fuke That ! “

Seems to me pitched at a come buy me price, I can see this hitting £250k on a good day.

Are these really trading on the secondary for more than 250K GBP?

Is that true? I still regret passing on a diptych that was in a group show at the Carmichael Gallery in 2008 at 75K$, was just too much for me at the time. Hind sight and such....

500 gbp sounds a bit much at this point but i could well be wrong.  The most recent whisper on secondary that I heard was nearly $400 for a 40cm/16in sq ed 25 version.  Keep in mind this is Bonhams which has historically achieved prices for originals that favor buyers over sellers for this artist.  I'd speculate 350 gbp would be a bit more realistic as an upper ceiling for now at that venue but we'll know soon enough.  Eye popping pricing either way. 

At 2 and bit gold or light pink ed88 screen prints its a no brainer, long term certainly.