Unica
Junior Member
๐จ๏ธ 2,076
๐๐ป 1,232
November 2013
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, 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 ยฃ68k 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 ยฃ50k 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 ยฃ68k 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 ยฃ50k 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
๐จ๏ธ 0
๐๐ป
January 1970
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, 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
๐จ๏ธ 273
๐๐ป 203
January 2018
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, 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
๐จ๏ธ 832
๐๐ป 1,290
November 2009
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, 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 ยฃ68k 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 ยฃ50k 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.
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 ยฃ68k 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 ยฃ50k 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
๐จ๏ธ 393
๐๐ป 118
August 2015
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, 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
๐จ๏ธ 0
๐๐ป
January 1970
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, 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 ยฃ100,000๐.
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 ยฃ100,000๐.
Shite
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Deleted
๐จ๏ธ 0
๐๐ป
January 1970
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by Deleted on Mar 6, 2019 21:14:16 GMT 1, Thanks. I thought this would be out of reach but itโs 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 itโs 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
๐จ๏ธ 9,274
๐๐ป 9,381
December 2017
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, 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 ยฃ68k 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 ยฃ50k 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 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 ยฃ68k 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 ยฃ50k 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
๐จ๏ธ 619
๐๐ป 713
March 2018
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, 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 ยฃ40K 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 ยฃ40K on art that you like without regard for its future value, more power to you. |
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19818914
Junior Member
๐จ๏ธ 1,337
๐๐ป 1,029
October 2018
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by 19818914 on Mar 6, 2019 21:19:15 GMT 1, Thanks. I thought this would be out of reach but itโs 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 wasnโt serious about this work until I saw how accessible the price is.
Thanks. I thought this would be out of reach but itโs 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 wasnโt serious about this work until I saw how accessible the price is. |
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irl1
Full Member
๐จ๏ธ 9,274
๐๐ป 9,381
December 2017
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, 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
๐จ๏ธ 0
๐๐ป
January 1970
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, 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 wasnโt 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 wasnโt serious about this work until I saw how accessible the price is. get away.... |
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Unica
Junior Member
๐จ๏ธ 2,076
๐๐ป 1,232
November 2013
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, 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 ยฃ68k 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 ยฃ50k 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 ยฃ68k 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 ยฃ50k 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 ยฃ400k not that long ago. |
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19818914
Junior Member
๐จ๏ธ 1,337
๐๐ป 1,029
October 2018
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by 19818914 on Mar 6, 2019 21:27:49 GMT 1, I was trolling about the kids decor. I wasnโt serious about this work until I saw how accessible the price is. get away....
Whatโs that?
I was trolling about the kids decor. I wasnโt serious about this work until I saw how accessible the price is. get away.... Whatโs that? |
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Deleted
๐จ๏ธ 0
๐๐ป
January 1970
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, 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
๐จ๏ธ 1,337
๐๐ป 1,029
October 2018
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, 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
๐จ๏ธ 7,155
๐๐ป 4,461
March 2007
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by Winter on Mar 6, 2019 21:51:03 GMT 1, I donโt think anyone will pay over what this reached in the near future, itโs 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 Iโd be putting it away for a year or two before trying it through auction.
I donโt think anyone will pay over what this reached in the near future, itโs 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 Iโd be putting it away for a year or two before trying it through auction.
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Pal-Art
New Member
๐จ๏ธ 169
๐๐ป 89
February 2019
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by Pal-Art on Mar 6, 2019 21:51:53 GMT 1, The original price was around 60K right?
The original price was around 60K right? 40K and 6K tax total 46K |
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Gunny
Junior Member
๐จ๏ธ 1,605
๐๐ป 1,118
July 2012
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by Gunny on Mar 6, 2019 22:07:57 GMT 1, Don't forget at 70k, it would be close to ยฃ100k for any buyer with buyers premium, that's double cost price. I would still think buyers will be weighing this up and making calls to Bonham's tomorrow, as at ยฃ100k it's a great price for an editioned original by the man. It's a really decent piece of art, just wrong timing, wrong auction house, wrong auction type and a hard sell as it's not that pretty! I would be surprised if you see any come to auction any time soon, which is good I think! Most probably there will be 2 or 3 touted around on the secondary by buyers desperate to get their money back - good time to buy!
Don't forget at 70k, it would be close to ยฃ100k for any buyer with buyers premium, that's double cost price. I would still think buyers will be weighing this up and making calls to Bonham's tomorrow, as at ยฃ100k it's a great price for an editioned original by the man. It's a really decent piece of art, just wrong timing, wrong auction house, wrong auction type and a hard sell as it's not that pretty! I would be surprised if you see any come to auction any time soon, which is good I think! Most probably there will be 2 or 3 touted around on the secondary by buyers desperate to get their money back - good time to buy!
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Deleted
๐จ๏ธ 0
๐๐ป
January 1970
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by Deleted on Mar 6, 2019 22:09:21 GMT 1, 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 think its win win, glad it didn't got for the 68
sellers fees at say 10% they would have cleared 60, then the buyers fees at 30% around 20k. so the house would clear around 28k
seller would be gutted if it had of hit 70k as he could get more for it on eBay
also not sure as it didn't sell what happens in a year or so when another is chucked in to auction, does it show as not sold, or does it show the low estimate and not sold as its certainly tainted it short term
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 think its win win, glad it didn't got for the 68 sellers fees at say 10% they would have cleared 60, then the buyers fees at 30% around 20k. so the house would clear around 28k seller would be gutted if it had of hit 70k as he could get more for it on eBay also not sure as it didn't sell what happens in a year or so when another is chucked in to auction, does it show as not sold, or does it show the low estimate and not sold as its certainly tainted it short term |
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artearte
New Member
๐จ๏ธ 393
๐๐ป 118
August 2015
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by artearte on Mar 6, 2019 22:13:51 GMT 1, Don't forget at 70k, it would be close to ยฃ100k for any buyer with buyers premium, that's double cost price. I would still think buyers will be weighing this up and making calls to Bonham's tomorrow, as at ยฃ100k it's a great price for an editioned original by the man. It's a really decent piece of art, just wrong timing, wrong auction house, wrong auction type and a hard sell as it's not that pretty! I would be surprised if you see any come to auction any time soon, which is good I think! Most probably there will be 2 or 3 touted around on the secondary by buyers desperate to get their money back - good time to buy!
Donโt worry! Maybe next one will for for over 100k and you can have a good sleep.
Don't forget at 70k, it would be close to ยฃ100k for any buyer with buyers premium, that's double cost price. I would still think buyers will be weighing this up and making calls to Bonham's tomorrow, as at ยฃ100k it's a great price for an editioned original by the man. It's a really decent piece of art, just wrong timing, wrong auction house, wrong auction type and a hard sell as it's not that pretty! I would be surprised if you see any come to auction any time soon, which is good I think! Most probably there will be 2 or 3 touted around on the secondary by buyers desperate to get their money back - good time to buy! Donโt worry! Maybe next one will for for over 100k and you can have a good sleep. |
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irl1
Full Member
๐จ๏ธ 9,274
๐๐ป 9,381
December 2017
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by irl1 on Mar 6, 2019 22:42:32 GMT 1, 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 think its win win, glad it didn't got for the 68 sellers fees at say 10% they would have cleared 60, then the buyers fees at 30% around 20k. so the house would clear around 28k seller would be gutted if it had of hit 70k as he could get more for it on eBay also not sure as it didn't sell what happens in a year or so when another is chucked in to auction, does it show as not sold, or does it show the low estimate and not sold as its certainly tainted it short term
It will stay in the Bonham's archives as unsold. If i was the seller i would be straight onto them to ask if they could remove it from the unsold lots.
I really like these myself, but wrong auction house. Very surprised it didn't hit the 70.
Really this won't do too much damage as it was too early to auction one. Sotheby's and Phillips have very different clients to Bonham's and i'd say that's where we will see the next one.
I had a full set of 25 hand signed Dali lithographs with the original box. These were very large and most of the sets were broken up and sold single. (Rare to get the full set)
To cut a long story short they were in Bonham's and on the day of the auction i got a call from them to ask would i drop the reserve to 8k.
Like a dick head  i did, and that's what they sold for. (no bids on the day)
My one and only time to use Bonham's .
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 think its win win, glad it didn't got for the 68 sellers fees at say 10% they would have cleared 60, then the buyers fees at 30% around 20k. so the house would clear around 28k seller would be gutted if it had of hit 70k as he could get more for it on eBay also not sure as it didn't sell what happens in a year or so when another is chucked in to auction, does it show as not sold, or does it show the low estimate and not sold as its certainly tainted it short term It will stay in the Bonham's archives as unsold. If i was the seller i would be straight onto them to ask if they could remove it from the unsold lots. I really like these myself, but wrong auction house. Very surprised it didn't hit the 70. Really this won't do too much damage as it was too early to auction one. Sotheby's and Phillips have very different clients to Bonham's and i'd say that's where we will see the next one. I had a full set of 25 hand signed Dali lithographs with the original box. These were very large and most of the sets were broken up and sold single. (Rare to get the full set) To cut a long story short they were in Bonham's and on the day of the auction i got a call from them to ask would i drop the reserve to 8k. Like a dick head i did, and that's what they sold for. (no bids on the day) My one and only time to use Bonham's . |
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Unica
Junior Member
๐จ๏ธ 2,076
๐๐ป 1,232
November 2013
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by Unica on Mar 6, 2019 22:46:36 GMT 1, I think its win win, glad it didn't got for the 68 sellers fees at say 10% they would have cleared 60, then the buyers fees at 30% around 20k. so the house would clear around 28k seller would be gutted if it had of hit 70k as he could get more for it on eBay also not sure as it didn't sell what happens in a year or so when another is chucked in to auction, does it show as not sold, or does it show the low estimate and not sold as its certainly tainted it short term It will stay in the Bonham's archives as unsold. If i was the seller i would be straight onto them to ask if they could remove it from the unsold lots. I really like these myself, but wrong auction house. Very surprised it didn't hit the 70. Really this won't do too much damage as it was too early to auction one. Sotheby's and Phillips have very different clients to Bonham's and i'd say that's where we will see the next one. I had a full set of 25 hand signed Dali lithographs with the original box. These were very large and most of the sets were broken up and sold single. (Rare to get the full set) To cut a long story short they were in Bonham's and on the day of the auction i got a call from them to ask would i drop the reserve to 8k. Like a dick head i did, and that's what they sold for. (no bids on the day) My one and only time to use Bonham's .
I think its win win, glad it didn't got for the 68 sellers fees at say 10% they would have cleared 60, then the buyers fees at 30% around 20k. so the house would clear around 28k seller would be gutted if it had of hit 70k as he could get more for it on eBay also not sure as it didn't sell what happens in a year or so when another is chucked in to auction, does it show as not sold, or does it show the low estimate and not sold as its certainly tainted it short term It will stay in the Bonham's archives as unsold. If i was the seller i would be straight onto them to ask if they could remove it from the unsold lots. I really like these myself, but wrong auction house. Very surprised it didn't hit the 70. Really this won't do too much damage as it was too early to auction one. Sotheby's and Phillips have very different clients to Bonham's and i'd say that's where we will see the next one. I had a full set of 25 hand signed Dali lithographs with the original box. These were very large and most of the sets were broken up and sold single. (Rare to get the full set) To cut a long story short they were in Bonham's and on the day of the auction i got a call from them to ask would i drop the reserve to 8k. Like a dick head i did, and that's what they sold for. (no bids on the day) My one and only time to use Bonham's . Are you able to ask them to remove the record of an unsold lot? I'd think they'd want it recorded so they can point it out to the next person who brings them a grappling hook in order to tame their expectations. |
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irl1
Full Member
๐จ๏ธ 9,274
๐๐ป 9,381
December 2017
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by irl1 on Mar 6, 2019 22:50:20 GMT 1, It will stay in the Bonham's archives as unsold. If i was the seller i would be straight onto them to ask if they could remove it from the unsold lots. I really like these myself, but wrong auction house. Very surprised it didn't hit the 70. Really this won't do too much damage as it was too early to auction one. Sotheby's and Phillips have very different clients to Bonham's and i'd say that's where we will see the next one. I had a full set of 25 hand signed Dali lithographs with the original box. These were very large and most of the sets were broken up and sold single. (Rare to get the full set) To cut a long story short they were in Bonham's and on the day of the auction i got a call from them to ask would i drop the reserve to 8k. Like a dick head i did, and that's what they sold for. (no bids on the day) My one and only time to use Bonham's . Are you able to ask them to remove the record of an unsold lot? I'd think they'd want it recorded so they can point it out to the next person who brings them a grappling hook in order to tame their expectations.
It will stay in the Bonham's archives as unsold. If i was the seller i would be straight onto them to ask if they could remove it from the unsold lots. I really like these myself, but wrong auction house. Very surprised it didn't hit the 70. Really this won't do too much damage as it was too early to auction one. Sotheby's and Phillips have very different clients to Bonham's and i'd say that's where we will see the next one. I had a full set of 25 hand signed Dali lithographs with the original box. These were very large and most of the sets were broken up and sold single. (Rare to get the full set) To cut a long story short they were in Bonham's and on the day of the auction i got a call from them to ask would i drop the reserve to 8k. Like a dick head i did, and that's what they sold for. (no bids on the day) My one and only time to use Bonham's . Are you able to ask them to remove the record of an unsold lot? I'd think they'd want it recorded so they can point it out to the next person who brings them a grappling hook in order to tame their expectations. I'm not sure with Bonham's but i have done this with other auction houses. No harm to ask |
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Winter
Junior Member
๐จ๏ธ 7,155
๐๐ป 4,461
March 2007
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by Winter on Mar 6, 2019 23:39:23 GMT 1, It will be recorded on every website that has auction result data. I think a few more pages of this thread and it will be talked back up to a couple of hundred thousand!
It will be recorded on every website that has auction result data. I think a few more pages of this thread and it will be talked back up to a couple of hundred thousand!
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cest
Junior Member
๐จ๏ธ 1,725
๐๐ป 1,160
September 2018
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by cest on Mar 7, 2019 3:32:50 GMT 1, I think its win win, glad it didn't got for the 68 sellers fees at say 10% they would have cleared 60, then the buyers fees at 30% around 20k. so the house would clear around 28k seller would be gutted if it had of hit 70k as he could get more for it on eBay also not sure as it didn't sell what happens in a year or so when another is chucked in to auction, does it show as not sold, or does it show the low estimate and not sold as its certainly tainted it short term It will stay in the Bonham's archives as unsold. If i was the seller i would be straight onto them to ask if they could remove it from the unsold lots. I really like these myself, but wrong auction house. Very surprised it didn't hit the 70.ย Really this won't do too much damage as it was too early to auction one. Sotheby's and Phillips have very different clients to Bonham's and i'd say that's where we will see the next one.ย ย ย I had a full set of 25 hand signed Dali lithographs with the original box. These were very large and most of the sets were broken up and sold single. (Rare to get the full set) To cut a long story short they were in Bonham's and on the day of the auction i got a call from them to ask would i drop the reserve to 8k. Like a dick head ย i did, and that's what they sold for. (no bids on the day) My one and only time to use Bonham's .
Funny you say that about Bonhams and dali... About four years ago I picked up a Dali lithograph that no one wanted to bid on (reserve was high). I emailed them seeing if they would take post auction offers and the accepted mine. Think I got it shipped to the United States all in for $1,000. I'm sitting across from it now while I'm writing this.
I think its win win, glad it didn't got for the 68 sellers fees at say 10% they would have cleared 60, then the buyers fees at 30% around 20k. so the house would clear around 28k seller would be gutted if it had of hit 70k as he could get more for it on eBay also not sure as it didn't sell what happens in a year or so when another is chucked in to auction, does it show as not sold, or does it show the low estimate and not sold as its certainly tainted it short term It will stay in the Bonham's archives as unsold. If i was the seller i would be straight onto them to ask if they could remove it from the unsold lots. I really like these myself, but wrong auction house. Very surprised it didn't hit the 70.ย Really this won't do too much damage as it was too early to auction one. Sotheby's and Phillips have very different clients to Bonham's and i'd say that's where we will see the next one.ย ย ย I had a full set of 25 hand signed Dali lithographs with the original box. These were very large and most of the sets were broken up and sold single. (Rare to get the full set) To cut a long story short they were in Bonham's and on the day of the auction i got a call from them to ask would i drop the reserve to 8k. Like a dick head ย i did, and that's what they sold for. (no bids on the day) My one and only time to use Bonham's . Funny you say that about Bonhams and dali... About four years ago I picked up a Dali lithograph that no one wanted to bid on (reserve was high). I emailed them seeing if they would take post auction offers and the accepted mine. Think I got it shipped to the United States all in for $1,000. I'm sitting across from it now while I'm writing this. |
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JJN
New Member
๐จ๏ธ 157
๐๐ป 69
April 2017
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by JJN on Mar 7, 2019 3:50:38 GMT 1, Are you able to ask them to remove the record of an unsold lot? I'd think they'd want it recorded so they can point it out to the next person who brings them a grappling hook in order to tame their expectations. I'm not sure with Bonham's but i have done this with other auction houses. No harm to ask
This lot is now "burned " all auction activity being genuine interest is suspect so the price will be negatively affected, from last highest Bid.
Are you able to ask them to remove the record of an unsold lot? I'd think they'd want it recorded so they can point it out to the next person who brings them a grappling hook in order to tame their expectations. I'm not sure with Bonham's but i have done this with other auction houses. No harm to ask This lot is now "burned " all auction activity being genuine interest is suspect so the price will be negatively affected, from last highest Bid. |
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Express Post
Junior Member
๐จ๏ธ 3,330
๐๐ป 2,479
January 2008
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by Express Post on Mar 7, 2019 4:11:45 GMT 1, Not really burned. The buyer still makes money if they sell it for 60k
I'm not sure with Bonham's but i have done this with other auction houses. No harm to ask This lot is nowย "burned " all auction activity beingย genuine interest is suspect so the price will be negatively affected, from last highest Bid.
Not really burned. The buyer still makes money if they sell it for 60k I'm not sure with Bonham's but i have done this with other auction houses. No harm to ask This lot is nowย "burned " all auction activity beingย genuine interest is suspect so the price will be negatively affected, from last highest Bid. |
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juveniled
New Member
๐จ๏ธ 59
๐๐ป 40
November 2018
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Bonhams โข Art Auctions โข London ๐ฌ๐ง, by juveniled on Mar 7, 2019 7:21:06 GMT 1, I went to the auction, did not end up bidding as the BP made it too high for us.
This was simply the wrong audience, Bonhams have way too much of a conservative
scene of collectors. This in time will do a lot better at one of the other edgier auction houses.
I was wrong though I expected this to fly - but as many have said, wrong auction, wrong audience.
I went to the auction, did not end up bidding as the BP made it too high for us.
This was simply the wrong audience, Bonhams have way too much of a conservative
scene of collectors. This in time will do a lot better at one of the other edgier auction houses.
I was wrong though I expected this to fly - but as many have said, wrong auction, wrong audience.
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i did, and that's what they sold for. (no bids on the day) 
