supacpeon
New Member
Posts โข 43
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June 2017
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by supacpeon on Feb 19, 2018 11:29:22 GMT 1, Condition Report:
This work is in very good condition. There are scattered specks of surface dirt throughout. There are 4 very small, faint lines of surface dirt near the lower right horizontal edge (the longest measuring approx. 1 cm in length); these are likely to be part of the artist's execution and do not affect the image. All other irregularities are consistent with the artist's execution and choice of materials. Examination under ultraviolet light reveals no sign of retouching.
Condition Report:
This work is in very good condition. There are scattered specks of surface dirt throughout. There are 4 very small, faint lines of surface dirt near the lower right horizontal edge (the longest measuring approx. 1 cm in length); these are likely to be part of the artist's execution and do not affect the image. All other irregularities are consistent with the artist's execution and choice of materials. Examination under ultraviolet light reveals no sign of retouching.
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moron
Junior Member
Posts โข 2,711
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September 2017
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by moron on Feb 19, 2018 13:10:51 GMT 1, I think it will make low reserve at best. There is so much good art to buy these days and Bonhams is just Bonhams.
I think it will make low reserve at best. There is so much good art to buy these days and Bonhams is just Bonhams.
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Deleted
Posts โข 0
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January 1970
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by Deleted on Feb 19, 2018 13:40:23 GMT 1, I think it will make low reserve at best. There is so much good art to buy these days and Bonhams is just Bonhams.
I dont bet but ill wager any amount you want that youre wrong
I think it will make low reserve at best. There is so much good art to buy these days and Bonhams is just Bonhams. I dont bet but ill wager any amount you want that youre wrong
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moron
Junior Member
Posts โข 2,711
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September 2017
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by moron on Feb 19, 2018 13:44:41 GMT 1, I think it will make low reserve at best. There is so much good art to buy these days and Bonhams is just Bonhams. I dont bet but ill wager any amount you want that youre wrong How would you prove it was actually bought, not bought in?
I think it will make low reserve at best. There is so much good art to buy these days and Bonhams is just Bonhams. I dont bet but ill wager any amount you want that youre wrong How would you prove it was actually bought, not bought in?
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Deleted
Posts โข 0
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January 1970
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by Deleted on Feb 19, 2018 13:48:02 GMT 1, I dont bet but ill wager any amount you want that youre wrong How would you prove it was actually bought, not bought in?
You said lower est at best, that will be tge reserve, if it sells above that it will be a genuine sale to a client.
I dont bet but ill wager any amount you want that youre wrong How would you prove it was actually bought, not bought in? You said lower est at best, that will be tge reserve, if it sells above that it will be a genuine sale to a client.
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dkla
New Member
Posts โข 676
Likes โข 74
February 2007
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by dkla on Feb 19, 2018 14:04:24 GMT 1, Is Bonhams considered a sub-par auction house? Iโm selling a Hirst print and had a choice between Christieโs, Sothebyโs and Bonhams and I was considering the latter because they had the best terms and most hands-on customer service between the three. (I also contacted Phillips but they never responded). Thanks
Is Bonhams considered a sub-par auction house? Iโm selling a Hirst print and had a choice between Christieโs, Sothebyโs and Bonhams and I was considering the latter because they had the best terms and most hands-on customer service between the three. (I also contacted Phillips but they never responded). Thanks
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moron
Junior Member
Posts โข 2,711
Likes โข 1,051
September 2017
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by moron on Feb 19, 2018 14:57:06 GMT 1, How would you prove it was actually bought, not bought in? You said lower est at best, that will be tge reserve, if it sells above that it will be a genuine sale to a client. I understand that 140K seems like small change to many these days and that Banksy is considered blue chip investment but i'm wondering how far people are prepared to go and keep on pushing prices. My feeling is the image is a stencil and famous but it's not very strong or good. Plus the bubble burst with Hirst spots and never recovered with people who invested looking at big losses. Is it that prestigious in reality to own for a quarter of a million quid or more?
How would you prove it was actually bought, not bought in? You said lower est at best, that will be tge reserve, if it sells above that it will be a genuine sale to a client. I understand that 140K seems like small change to many these days and that Banksy is considered blue chip investment but i'm wondering how far people are prepared to go and keep on pushing prices. My feeling is the image is a stencil and famous but it's not very strong or good. Plus the bubble burst with Hirst spots and never recovered with people who invested looking at big losses. Is it that prestigious in reality to own for a quarter of a million quid or more?
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breezied
New Member
Posts โข 77
Likes โข 29
April 2007
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by breezied on Feb 20, 2018 19:15:43 GMT 1, I think there are a fair few more of Hirst's Spots than these.
I think there are a fair few more of Hirst's Spots than these.
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Pattycakes
Junior Member
Posts โข 1,379
Likes โข 423
June 2007
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by Pattycakes on Mar 7, 2018 19:24:09 GMT 1, bidding was really lacklustre on this, auctioneer really had to work to get the bids out, final hammer was ยฃ280,000 which seems low to me. With all the bits added on I figure the final price is more or less ยฃ375,000. It'll be interesting to see what Sotheby's get for their canvas tonight but if I were the GWB owner I think I might not be all that happy with the result today.
bidding was really lacklustre on this, auctioneer really had to work to get the bids out, final hammer was ยฃ280,000 which seems low to me. With all the bits added on I figure the final price is more or less ยฃ375,000. It'll be interesting to see what Sotheby's get for their canvas tonight but if I were the GWB owner I think I might not be all that happy with the result today.
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by covertshadowops on Mar 7, 2018 19:26:23 GMT 1, 350K all in, but plus artist resale rights too
350K all in, but plus artist resale rights too
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by covertshadowops on Mar 7, 2018 19:26:50 GMT 1, oh and VAT on premium if UK buyer.
oh and VAT on premium if UK buyer.
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lv90210
Junior Member
Posts โข 2,030
Likes โข 1,926
January 2018
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by lv90210 on Mar 7, 2018 19:27:02 GMT 1, Buyer paid ยฃ350k all in approx, pretty solid.
Buyer paid ยฃ350k all in approx, pretty solid.
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samfrost
New Member
Posts โข 787
Likes โข 530
June 2014
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by samfrost on Mar 7, 2018 19:40:37 GMT 1, Agree with observations of OP...bidding seemed slow with not a ton of interest. Still it's an iconic image. I always forget how many editions are out there of canvases...this one was out of 25.
Agree with observations of OP...bidding seemed slow with not a ton of interest. Still it's an iconic image. I always forget how many editions are out there of canvases...this one was out of 25.
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Pattycakes
Junior Member
Posts โข 1,379
Likes โข 423
June 2007
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by Pattycakes on Mar 7, 2018 19:43:55 GMT 1, Buyer paid ยฃ350k all in approx, pretty solid. Not quite correct, they paid ยฃ280,000, plus 25% premium plus VAT on the 25% which totals ยฃ84,000 and a further 4% ARR so by my calculation it's ยฃ375,200. If the buyer is from outside of the EU they can take off the VAT.
Buyer paid ยฃ350k all in approx, pretty solid. Not quite correct, they paid ยฃ280,000, plus 25% premium plus VAT on the 25% which totals ยฃ84,000 and a further 4% ARR so by my calculation it's ยฃ375,200. If the buyer is from outside of the EU they can take off the VAT.
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lee3
New Member
Posts โข 832
Likes โข 1,290
November 2009
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by lee3 on Mar 7, 2018 19:49:04 GMT 1, bidding was really lacklustre on this, auctioneer really had to work to get the bids out, final hammer was ยฃ280,000 which seems low to me. With all the bits added on I figure the final price is more or less ยฃ375,000. It'll be interesting to see what Sotheby's get for their canvas tonight but if I were the Girl With Balloon owner I think I might not be all that happy with the result today. I'm surprised that's your takeaway. That's by far the highest priced editioned work for this artist ever at auciton. At over $500k US with fees the competition in that bracket is often iconic (unique) works from blue chip artists. You can have a perfect 8 inch flowers, a couple works on paper from calder, a large picasso drawing for starters. And lest we forget this was Bonhams which traditionally favors the buyer. I don't know that the seller would have done that much better on secondary once they factor in paying someone to help shift it privately. That was a big result in a sale that did much better overall than i expected. Justt about everything on offer thus far this week has done unbelievably well.
bidding was really lacklustre on this, auctioneer really had to work to get the bids out, final hammer was ยฃ280,000 which seems low to me. With all the bits added on I figure the final price is more or less ยฃ375,000. It'll be interesting to see what Sotheby's get for their canvas tonight but if I were the Girl With Balloon owner I think I might not be all that happy with the result today. I'm surprised that's your takeaway. That's by far the highest priced editioned work for this artist ever at auciton. At over $500k US with fees the competition in that bracket is often iconic (unique) works from blue chip artists. You can have a perfect 8 inch flowers, a couple works on paper from calder, a large picasso drawing for starters. And lest we forget this was Bonhams which traditionally favors the buyer. I don't know that the seller would have done that much better on secondary once they factor in paying someone to help shift it privately. That was a big result in a sale that did much better overall than i expected. Justt about everything on offer thus far this week has done unbelievably well.
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Hubble Bubble
Junior Member
Posts โข 4,111
Likes โข 3,558
December 2010
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by Hubble Bubble on Mar 7, 2018 19:57:38 GMT 1, Buyer paid ยฃ350k all in approx, pretty solid. Not quite correct, they paid ยฃ280,000, plus 25% premium plus VAT on the 25% which totals ยฃ84,000 and a further 4% ARR so by my calculation it's ยฃ375,200. If the buyer is from outside of the EU they can take off the VAT. Bonham's quote the price including premium as ยฃ344,750... maybe there's a sliding scale for the premium?
Buyer paid ยฃ350k all in approx, pretty solid. Not quite correct, they paid ยฃ280,000, plus 25% premium plus VAT on the 25% which totals ยฃ84,000 and a further 4% ARR so by my calculation it's ยฃ375,200. If the buyer is from outside of the EU they can take off the VAT. Bonham's quote the price including premium as ยฃ344,750... maybe there's a sliding scale for the premium?
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lee3
New Member
Posts โข 832
Likes โข 1,290
November 2009
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by lee3 on Mar 7, 2018 20:04:44 GMT 1, Not quite correct, they paid ยฃ280,000, plus 25% premium plus VAT on the 25% which totals ยฃ84,000 and a further 4% ARR so by my calculation it's ยฃ375,200. If the buyer is from outside of the EU they can take off the VAT. Bonham's quote the price including premium as ยฃ344,750... maybe there's a sliding scale for the premium? You must be correct as it averages out to a 23.125% premium. However, the bonhams quote does not include 4% artist resale rights, any jurisdictional taxes due from buyer nor crating and shipping all of which are going to cost most buyers another 10-20% easily.
Edit: here is the bonhams premium schedule for london:
Buyer's Premium Rates 25% on the first ยฃ175,000 of the hammer price 20% on the excess of ยฃ175,001 and up to ยฃ3,000,000 of the hammer price 12.5% on the excess of ยฃ3,000,001 of the hammer price
Not quite correct, they paid ยฃ280,000, plus 25% premium plus VAT on the 25% which totals ยฃ84,000 and a further 4% ARR so by my calculation it's ยฃ375,200. If the buyer is from outside of the EU they can take off the VAT. Bonham's quote the price including premium as ยฃ344,750... maybe there's a sliding scale for the premium? You must be correct as it averages out to a 23.125% premium. However, the bonhams quote does not include 4% artist resale rights, any jurisdictional taxes due from buyer nor crating and shipping all of which are going to cost most buyers another 10-20% easily. Edit: here is the bonhams premium schedule for london: Buyer's Premium Rates 25% on the first ยฃ175,000 of the hammer price 20% on the excess of ยฃ175,001 and up to ยฃ3,000,000 of the hammer price 12.5% on the excess of ยฃ3,000,001 of the hammer price
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Pattycakes
Junior Member
Posts โข 1,379
Likes โข 423
June 2007
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by Pattycakes on Mar 7, 2018 20:25:16 GMT 1, bidding was really lacklustre on this, auctioneer really had to work to get the bids out, final hammer was ยฃ280,000 which seems low to me. With all the bits added on I figure the final price is more or less ยฃ375,000. It'll be interesting to see what Sotheby's get for their canvas tonight but if I were the Girl With Balloon owner I think I might not be all that happy with the result today. I'm surprised that's your takeaway. That's by far the highest priced editioned work for this artist ever. At over $500k US with fees the competition in that bracket is often iconic (unique) works from blue chip artists. You can have a perfect 8 inch flowers, a couple works on paper from calder, a large picasso drawing for starters. And lest we forget this was Bonhams which traditionally favors the buyer. I don't know that the seller would have done that much better n secondary once they factor in paying someone to help shift it privately. That was a big result in a sale that did much better overall than i expected. Justt about everything on offer thus far this week has done unbelievably well. Compared to what a signed screen print on paper from an edition of 150 makes, it just does not feel like a lot. I know it's like comparing apples and oranges, but it just feels as though there is a too small a gap between these prices.
bidding was really lacklustre on this, auctioneer really had to work to get the bids out, final hammer was ยฃ280,000 which seems low to me. With all the bits added on I figure the final price is more or less ยฃ375,000. It'll be interesting to see what Sotheby's get for their canvas tonight but if I were the Girl With Balloon owner I think I might not be all that happy with the result today. I'm surprised that's your takeaway. That's by far the highest priced editioned work for this artist ever. At over $500k US with fees the competition in that bracket is often iconic (unique) works from blue chip artists. You can have a perfect 8 inch flowers, a couple works on paper from calder, a large picasso drawing for starters. And lest we forget this was Bonhams which traditionally favors the buyer. I don't know that the seller would have done that much better n secondary once they factor in paying someone to help shift it privately. That was a big result in a sale that did much better overall than i expected. Justt about everything on offer thus far this week has done unbelievably well. Compared to what a signed screen print on paper from an edition of 150 makes, it just does not feel like a lot. I know it's like comparing apples and oranges, but it just feels as though there is a too small a gap between these prices.
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lee3
New Member
Posts โข 832
Likes โข 1,290
November 2009
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by lee3 on Mar 7, 2018 20:33:45 GMT 1, I'm surprised that's your takeaway. That's by far the highest priced editioned work for this artist ever. At over $500k US with fees the competition in that bracket is often iconic (unique) works from blue chip artists. You can have a perfect 8 inch flowers, a couple works on paper from calder, a large picasso drawing for starters. And lest we forget this was Bonhams which traditionally favors the buyer. I don't know that the seller would have done that much better n secondary once they factor in paying someone to help shift it privately. That was a big result in a sale that did much better overall than i expected. Justt about everything on offer thus far this week has done unbelievably well. Compared to what a signed screen print on paper from an edition of 150 makes, it just does not feel like a lot. I know it's like comparing apples and oranges, but it just feels as though there is a too small a gap between these prices. I think that's a fair comment and many would suggest the same. To me that's merely a reflection of this artist's popularity. IE, that the unsigned prints went chaotic first, then the signed prints and so on. He has a much wider and younger audience on average than most artists at his stage and I think we see evidence of that in the print prices. From my little window on secondary, the prices of originals are moving higher quickly. I personally believe that it's tougher for anything marked edition 25 to make the move that something unique can make though this result kind of discredits that opinion. It's also fair to note that the print edition of this image holds substantially larger wall space than all of the editioned canvases of this image which is a bit atypical in the collecting pursuit.
I'm surprised that's your takeaway. That's by far the highest priced editioned work for this artist ever. At over $500k US with fees the competition in that bracket is often iconic (unique) works from blue chip artists. You can have a perfect 8 inch flowers, a couple works on paper from calder, a large picasso drawing for starters. And lest we forget this was Bonhams which traditionally favors the buyer. I don't know that the seller would have done that much better n secondary once they factor in paying someone to help shift it privately. That was a big result in a sale that did much better overall than i expected. Justt about everything on offer thus far this week has done unbelievably well. Compared to what a signed screen print on paper from an edition of 150 makes, it just does not feel like a lot. I know it's like comparing apples and oranges, but it just feels as though there is a too small a gap between these prices. I think that's a fair comment and many would suggest the same. To me that's merely a reflection of this artist's popularity. IE, that the unsigned prints went chaotic first, then the signed prints and so on. He has a much wider and younger audience on average than most artists at his stage and I think we see evidence of that in the print prices. From my little window on secondary, the prices of originals are moving higher quickly. I personally believe that it's tougher for anything marked edition 25 to make the move that something unique can make though this result kind of discredits that opinion. It's also fair to note that the print edition of this image holds substantially larger wall space than all of the editioned canvases of this image which is a bit atypical in the collecting pursuit.
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Nuno
Junior Member
Posts โข 1,095
Likes โข 479
November 2007
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by Nuno on Mar 7, 2018 21:23:17 GMT 1, Compared to what a signed screen print on paper from an edition of 150 makes, it just does not feel like a lot. I know it's like comparing apples and oranges, but it just feels as though there is a too small a gap between these prices.ย I think that's a fair comment and many would suggest the same.ย To me that's merely a reflection of this artist's popularity.ย IE, that the unsigned prints went chaotic first, then the signed prints and so on.ย He has a much wider and younger audience on average than most artists at his stage and I think we see evidence of that in the print prices.ย From my little window on secondary, the prices of originals are moving higher quickly.ย I personally believe that it's tougher for anything marked edition 25 to make the move that something unique can make though this result kind of discredits that opinion. It's also fair to note that the print edition of this image holds substantially larger wall space than all of the editioned canvases of this image which is a bit atypical in the collecting pursuit.ย ย
Always enjoy reading your posts Lee3. Clear and considered. Thanks ๐๐ผ
Compared to what a signed screen print on paper from an edition of 150 makes, it just does not feel like a lot. I know it's like comparing apples and oranges, but it just feels as though there is a too small a gap between these prices.ย I think that's a fair comment and many would suggest the same.ย To me that's merely a reflection of this artist's popularity.ย IE, that the unsigned prints went chaotic first, then the signed prints and so on.ย He has a much wider and younger audience on average than most artists at his stage and I think we see evidence of that in the print prices.ย From my little window on secondary, the prices of originals are moving higher quickly.ย I personally believe that it's tougher for anything marked edition 25 to make the move that something unique can make though this result kind of discredits that opinion. It's also fair to note that the print edition of this image holds substantially larger wall space than all of the editioned canvases of this image which is a bit atypical in the collecting pursuit.ย ย Always enjoy reading your posts Lee3. Clear and considered. Thanks ๐๐ผ
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Unica
Junior Member
Posts โข 2,060
Likes โข 1,222
November 2013
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by Unica on Mar 7, 2018 22:24:10 GMT 1, I think its a fantastic result and I would imagine the owner would be thrilled with it, I believe those canvases were around ยฃ500 at Santas Ghetto in 2003, so I don't believe anyone would be disappointed with that kind of appreciation. And now the Bacchus At the Seaside selling for ยฃ669k, these are strong results. IMO its evidence his market is strengthening, maybe time his originals distanced themselves from the print market.
I think its a fantastic result and I would imagine the owner would be thrilled with it, I believe those canvases were around ยฃ500 at Santas Ghetto in 2003, so I don't believe anyone would be disappointed with that kind of appreciation. And now the Bacchus At the Seaside selling for ยฃ669k, these are strong results. IMO its evidence his market is strengthening, maybe time his originals distanced themselves from the print market.
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iamzero
Full Member
Posts โข 9,190
Likes โข 8,545
May 2011
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by iamzero on Mar 7, 2018 22:33:22 GMT 1, Iโd never even seen that canvas before. Madness.
Iโd never even seen that canvas before. Madness.
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Deleted
Posts โข 0
Likes โข
January 1970
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by Deleted on Mar 7, 2018 22:54:05 GMT 1, Iโd never even seen that canvas before. Madness.
I'd never heard of half the artists that were being auctioned off at mad money
And...... You couldnt put your head in the other artists stuff either
Iโd never even seen that canvas before. Madness. I'd never heard of half the artists that were being auctioned off at mad money And...... You couldnt put your head in the other artists stuff either
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iamzero
Full Member
Posts โข 9,190
Likes โข 8,545
May 2011
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by iamzero on Mar 7, 2018 23:31:17 GMT 1, You couldโve stuck your bonce through that million quid slashed canvas.
You couldโve stuck your bonce through that million quid slashed canvas.
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Deleted
Posts โข 0
Likes โข
January 1970
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by Deleted on Mar 7, 2018 23:50:34 GMT 1, You couldโve stuck your bonce through that million quid slashed canvas. LOL, yeah, you could
You'd get some odd looks though
You couldโve stuck your bonce through that million quid slashed canvas. LOL, yeah, you could You'd get some odd looks though
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Pistol
Artist
Junior Member
Posts โข 2,117
Likes โข 1,780
February 2008
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by Pistol on Mar 11, 2018 10:00:06 GMT 1, Can see why POW closed now ๐
Can see why POW closed now ๐
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irl1
Full Member
Posts โข 9,274
Likes โข 9,381
December 2017
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by irl1 on Mar 12, 2018 19:37:53 GMT 1, Mixed bunch with a couple of Banksy towards the end.
www.bonhams.com/auctions/24643/
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jkesquire
New Member
Posts โข 507
Likes โข 646
May 2017
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by jkesquire on Mar 12, 2018 19:40:21 GMT 1, Love how low their estimates are in order to attract bidders. They know damn well the hammer price will far exceed those estimates lol
Love how low their estimates are in order to attract bidders. They know damn well the hammer price will far exceed those estimates lol
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gd79
Junior Member
Posts โข 1,129
Likes โข 1,220
September 2015
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by gd79 on Mar 12, 2018 21:19:17 GMT 1, Cracking Bambi in there. Well 'ard...
I will take the bomb hugger at the estimate please
Cracking Bambi in there. Well 'ard...
I will take the bomb hugger at the estimate please
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