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Bonhams • Art Auctions • London 🇬🇧, by Jeezuz Jones Snr on Apr 28, 2021 22:07:37 GMT 1, Banksy prints have took dips in the past. To put it into perspective - Bonhams sold a Kate Moss in Feb 2008 for £92k. Then there was a bit of a crisis in 2009 - my friend picked one up for 26k - it happens. However, what has not happened so much in the past is a 3x increase in one year! The problem then is that there has been a massive glut of Banksy only auctions for the same prints time after time, people cashing in and i don't blame them. This is what has turned these prints on a downward trend. Even Girl With Balloon has gone down, who would have thought that? However, there has been one of these in pretty much every Banksy auction or auction with Banksy's in the last year. What we havn't seen at auction is many Choose Your Weapon's and Nola's for example, or Love Hurts (ed of 16), or Grappling Hooks, or many editioned canvases. I would pretty much say that the market for all things that are decent and havn't been overdone in the last year will do well and continue to hold or rise.............. I could be wrong but this is how i see it.........
Good post 👍 and your friend got a nice deal on that Kate 👍.
Banksy prints have took dips in the past. To put it into perspective - Bonhams sold a Kate Moss in Feb 2008 for £92k. Then there was a bit of a crisis in 2009 - my friend picked one up for 26k - it happens. However, what has not happened so much in the past is a 3x increase in one year! The problem then is that there has been a massive glut of Banksy only auctions for the same prints time after time, people cashing in and i don't blame them. This is what has turned these prints on a downward trend. Even Girl With Balloon has gone down, who would have thought that? However, there has been one of these in pretty much every Banksy auction or auction with Banksy's in the last year. What we havn't seen at auction is many Choose Your Weapon's and Nola's for example, or Love Hurts (ed of 16), or Grappling Hooks, or many editioned canvases. I would pretty much say that the market for all things that are decent and havn't been overdone in the last year will do well and continue to hold or rise.............. I could be wrong but this is how i see it......... Good post 👍 and your friend got a nice deal on that Kate 👍.
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Ruff star
New Member
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December 2018
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Bonhams • Art Auctions • London 🇬🇧, by Ruff star on Apr 28, 2021 23:02:26 GMT 1, did you sell crap?
This was said 10 years ago and look at unsigned print values now. Truth is, no one knows how the market will turn out and especially with the pandemic looking likely for another two years what type effect it will have on all global markets, risky if buying now? Who knows? No one knows anything for certain but I'm confident people will be dumping crap unsigned prints because they're crap and now their values are falling people will start using their eyes and not their ears to buy. There are also literally 1000s of them, if you scratch away the venner of scarcity with collectibles and fine art like what has happened in recent months the item will stuggle to recover it's desirability and value.
did you sell crap? This was said 10 years ago and look at unsigned print values now. Truth is, no one knows how the market will turn out and especially with the pandemic looking likely for another two years what type effect it will have on all global markets, risky if buying now? Who knows? No one knows anything for certain but I'm confident people will be dumping crap unsigned prints because they're crap and now their values are falling people will start using their eyes and not their ears to buy. There are also literally 1000s of them, if you scratch away the venner of scarcity with collectibles and fine art like what has happened in recent months the item will stuggle to recover it's desirability and value.
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LJCal
Junior Member
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December 2019
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Bonhams • Art Auctions • London 🇬🇧, by LJCal on Apr 28, 2021 23:41:47 GMT 1, did you sell crap? No one knows anything for certain but I'm confident people will be dumping crap unsigned prints because they're crap and now their values are falling people will start using their eyes and not their ears to buy. There are also literally 1000s of them, if you scratch away the venner of scarcity with collectibles and fine art like what has happened in recent months the item will stuggle to recover it's desirability and value. Some crap yes, I sold some decent ones too, taking profit was absolutely the right thing to do after the hysteria of last year. Not all unsigned prints are crap but plenty are and they seemed to start selling for similar prices to the historically more sought after prints. There are some pretty rubish signed prints going for big money too. As I said people were buying anything with a COA and not being particulary discerning about quality, those type of speculators are going to feel the pain. Anyone who actually really enjoys Banksy's art should be happy that reality is setting in, they can now hopefully secure pieces for sensible money and not have to obsess over value everytime there is an auction.
did you sell crap? No one knows anything for certain but I'm confident people will be dumping crap unsigned prints because they're crap and now their values are falling people will start using their eyes and not their ears to buy. There are also literally 1000s of them, if you scratch away the venner of scarcity with collectibles and fine art like what has happened in recent months the item will stuggle to recover it's desirability and value. Some crap yes, I sold some decent ones too, taking profit was absolutely the right thing to do after the hysteria of last year. Not all unsigned prints are crap but plenty are and they seemed to start selling for similar prices to the historically more sought after prints. There are some pretty rubish signed prints going for big money too. As I said people were buying anything with a COA and not being particulary discerning about quality, those type of speculators are going to feel the pain. Anyone who actually really enjoys Banksy's art should be happy that reality is setting in, they can now hopefully secure pieces for sensible money and not have to obsess over value everytime there is an auction.
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met
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June 2009
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Bonhams • Art Auctions • London 🇬🇧, by met on Apr 29, 2021 15:45:33 GMT 1, Thank you fusion0001. Appreciate the comments. Excuse my ignorance everyone, but when a lot is 'passed' in an auction, what does that mean?Thanks Als33 and startimeash, didn't realise you could specify a 'minimum value' at auction. I tried to follow the auction as I was interested in the TW. I have one, and wanted an idea for my insurance as I have to specify value on the policy. Can anyone tell me what it got too via the bidding?£28k unsold , I think it didn’t reach reserve
As previously clarified by als33 and startimeash, the reserve is the minimum price at which the consignor is willing to sell their consignment. This figure is agreed in advance with the auction house. A lot is passed at auction when it doesn't sell due to bidding having failed to reach the reserve.
When it exists, the reserve is typically set at either (a) the low estimate, or (b) one or two bidding increments below. It is never higher than the low estimate.
With the Turf War, the reserve looks to have been the same as the low estimate of £30,000. This can be deduced from the fact there was no sale at £28,000 (the Bonhams standard bidding increment that immediately precedes £30,000).
Now here's the important part, addressing a mistaken assumption often made by casual observers at auction:
Unless people in the room were actually seen bidding, it is unwise to attribute any weight to bid amounts that don't hit the reserve. Those numbers may be dangerously misleading, giving false impressions about collector interest and market value.
The reason comes down to chandelier bidding*. It is common practice for auction houses to place chandelier bids — i.e. fake bids that can legally yet artificially push an item's price up to one increment short of the reserve.
In this instance, all the bids on the Turf War could technically have been placed by Bonhams itself, rather than actual bidders.
And so, unless verified as genuine, the bidding levels up to the final failed bid of £28,000 cannot reliably be used as a basis for estimating the current value of your own unsigned Turf War print.**
Thank you fusion0001. Appreciate the comments. Excuse my ignorance everyone, but when a lot is 'passed' in an auction, what does that mean?Thanks Als33 and startimeash, didn't realise you could specify a 'minimum value' at auction. I tried to follow the auction as I was interested in the TW. I have one, and wanted an idea for my insurance as I have to specify value on the policy. Can anyone tell me what it got too via the bidding?£28k unsold , I think it didn’t reach reserve As previously clarified by als33 and startimeash, the reserve is the minimum price at which the consignor is willing to sell their consignment. This figure is agreed in advance with the auction house. A lot is passed at auction when it doesn't sell due to bidding having failed to reach the reserve. When it exists, the reserve is typically set at either (a) the low estimate, or (b) one or two bidding increments below. It is never higher than the low estimate. With the Turf War, the reserve looks to have been the same as the low estimate of £30,000. This can be deduced from the fact there was no sale at £28,000 (the Bonhams standard bidding increment that immediately precedes £30,000). Now here's the important part, addressing a mistaken assumption often made by casual observers at auction: Unless people in the room were actually seen bidding, it is unwise to attribute any weight to bid amounts that don't hit the reserve. Those numbers may be dangerously misleading, giving false impressions about collector interest and market value. The reason comes down to chandelier bidding*. It is common practice for auction houses to place chandelier bids — i.e. fake bids that can legally yet artificially push an item's price up to one increment short of the reserve. In this instance, all the bids on the Turf War could technically have been placed by Bonhams itself, rather than actual bidders. And so, unless verified as genuine, the bidding levels up to the final failed bid of £28,000 cannot reliably be used as a basis for estimating the current value of your own unsigned Turf War print. **
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njr911
Junior Member
Posts • 2,377
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April 2007
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Bonhams • Art Auctions • London 🇬🇧, by njr911 on Apr 29, 2021 16:04:34 GMT 1, Too many prints, at the wrong time. People are thinking about getting back to Mustique as lockdown ends. They have seen enough of the four walls at home.
Too many prints, at the wrong time. People are thinking about getting back to Mustique as lockdown ends. They have seen enough of the four walls at home.
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Bonhams • Art Auctions • London 🇬🇧, by John The Badgers on Apr 29, 2021 18:36:37 GMT 1, Thank you for the above Met, an interesting point, appreciate the detail, wasn't aware of this 'technique', but can see why it would be utilised, all noted.
Thank you for the above Met, an interesting point, appreciate the detail, wasn't aware of this 'technique', but can see why it would be utilised, all noted.
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theclash
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May 2020
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Bonhams • Art Auctions • London 🇬🇧, by theclash on Apr 29, 2021 18:59:02 GMT 1, Too many prints, at the wrong time. People are thinking about getting back to Mustique as lockdown ends. They have seen enough of the four walls at home.
Can’t beat the cocktails at Firefly, can lead to an interesting trip back to the boat
Too many prints, at the wrong time. People are thinking about getting back to Mustique as lockdown ends. They have seen enough of the four walls at home. Can’t beat the cocktails at Firefly, can lead to an interesting trip back to the boat
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Sundowner
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September 2008
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Bonhams • Art Auctions • London 🇬🇧, by Sundowner on May 14, 2021 21:07:55 GMT 1, Looks like Bonhams have their first Banksy-only online sale next month as well - www.bonhams.com/auctions/27203. Here's hoping for some more interesting prints than we have seen elsewhere recently....
Looks like Bonhams have their first Banksy-only online sale next month as well - www.bonhams.com/auctions/27203. Here's hoping for some more interesting prints than we have seen elsewhere recently....
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singerstu
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December 2007
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Bonhams • Art Auctions • London 🇬🇧, by singerstu on May 14, 2021 21:47:07 GMT 1, Looks like Bonhams have their first Banksy-only online sale next month as well - www.bonhams.com/auctions/27203. Here's hoping for some more interesting prints than we have seen elsewhere recently.... If the preview is any indication it’s the same stuff we have seen over and over again this year.
Looks like Bonhams have their first Banksy-only online sale next month as well - www.bonhams.com/auctions/27203. Here's hoping for some more interesting prints than we have seen elsewhere recently.... If the preview is any indication it’s the same stuff we have seen over and over again this year.
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Deleted
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January 1970
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Bonhams • Art Auctions • London 🇬🇧, by Deleted on May 14, 2021 21:54:38 GMT 1, You know it will be the same old prints.
Top prints are in good hands by now.
You know it will be the same old prints.
Top prints are in good hands by now.
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JFCC
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May 2020
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Bonhams • Art Auctions • London 🇬🇧, by JFCC on Jun 21, 2021 20:52:42 GMT 1, I am not a fan of Bonhams but praise where praise is due, an excellent catalogue. It has variation and a lot of pieces that have not been iat auction for a while.
Other than GWB I’d expect there to be good interest with low estimates to attract good bidding. Just my view but good viewing!!
I am not a fan of Bonhams but praise where praise is due, an excellent catalogue. It has variation and a lot of pieces that have not been iat auction for a while.
Other than GWB I’d expect there to be good interest with low estimates to attract good bidding. Just my view but good viewing!!
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LJCal
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December 2019
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Bonhams • Art Auctions • London 🇬🇧, by LJCal on Jun 21, 2021 21:04:36 GMT 1, A few nice pieces but some of the starting bids are too high given where deals are being done.
A few nice pieces but some of the starting bids are too high given where deals are being done.
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dawn2006
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June 2007
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Bonhams • Art Auctions • London 🇬🇧, by dawn2006 on Jun 22, 2021 11:33:16 GMT 1, I've put my unsigned barcode in this sale . Its such a lovely image and we have had enjoyed it for many years but.... decided the time was right to sell as the insurances are so high now for Banksys work. We have put a lower estimate than Bonhams suggested to get interest and really hope it goes to somebody who will love it as much as we did .Fingers crossed . I've had great advice from members of this forum over the years.
www.bonhams.com/auctions/27203/lot/16/?category=list&length=12&page=2
I've put my unsigned barcode in this sale . Its such a lovely image and we have had enjoyed it for many years but.... decided the time was right to sell as the insurances are so high now for Banksys work. We have put a lower estimate than Bonhams suggested to get interest and really hope it goes to somebody who will love it as much as we did .Fingers crossed . I've had great advice from members of this forum over the years. www.bonhams.com/auctions/27203/lot/16/?category=list&length=12&page=2
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18921892
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May 2020
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Bonhams • Art Auctions • London 🇬🇧, by 18921892 on Jun 22, 2021 13:02:04 GMT 1, Sothebys have just added a Barcode signed at a very reasonable price in their private sale division.
Sothebys have just added a Barcode signed at a very reasonable price in their private sale division.
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Deleted
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January 1970
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Bonhams • Art Auctions • London 🇬🇧, by Deleted on Jun 22, 2021 14:04:41 GMT 1, Sothebys have just added a Barcode signed at a very reasonable price in their private sale division.
How much?
Sothebys have just added a Barcode signed at a very reasonable price in their private sale division. How much?
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nik2000
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October 2017
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Bonhams • Art Auctions • London 🇬🇧, by nik2000 on Jun 22, 2021 20:07:25 GMT 1, Sothebys have just added a Barcode signed at a very reasonable price in their private sale division.
I noticed a SEV2 just added as well
Sothebys have just added a Barcode signed at a very reasonable price in their private sale division. I noticed a SEV2 just added as well
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JFCC
New Member
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May 2020
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Bonhams • Art Auctions • London 🇬🇧, by JFCC on Jun 22, 2021 21:31:54 GMT 1, Sothebys have just added a Barcode signed at a very reasonable price in their private sale division. How much?
It’s £120k + Vat - so probably £125-130k with VAT which is pretty good value!
Sothebys have just added a Barcode signed at a very reasonable price in their private sale division. How much? It’s £120k + Vat - so probably £125-130k with VAT which is pretty good value!
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dawn2006
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June 2007
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Bonhams • Art Auctions • London 🇬🇧, by dawn2006 on Jun 24, 2021 16:10:53 GMT 1, It’s £120k + Vat - so probably £125-130k with VAT which is pretty good value!
The one on bonhams has opened at 70k . May be a bargain ?
It’s £120k + Vat - so probably £125-130k with VAT which is pretty good value! The one on bonhams has opened at 70k . May be a bargain ?
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tonys
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Member is Online
July 2012
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Bonhams • Art Auctions • London 🇬🇧, by tonys on Jul 1, 2021 10:45:19 GMT 1, Maybe reality has kicked in for most and market is correcting more like the auction houses are having a Banksy 'special' every quarter it seems and there's a glut of prints being auctioned off.
the correction will correct itself and then we'll have spikes as unseen prints get pride of place.
Maybe reality has kicked in for most and market is correcting more like the auction houses are having a Banksy 'special' every quarter it seems and there's a glut of prints being auctioned off. the correction will correct itself and then we'll have spikes as unseen prints get pride of place.
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George Poppit
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February 2021
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Bonhams • Art Auctions • London 🇬🇧, by George Poppit on Sept 22, 2021 9:51:26 GMT 1, Don’t think it’s been mentioned here yet but big sale at Bonhams today with a good selection of Banksy prints.
Don’t think it’s been mentioned here yet but big sale at Bonhams today with a good selection of Banksy prints.
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JFCC
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May 2020
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Bonhams • Art Auctions • London 🇬🇧, by JFCC on Sept 22, 2021 10:09:29 GMT 1, Bonhams is a good place to buy..a terrible place to sell!!
All of the Banksy prints are unsigned, two are duplicate numbers (not that that matters) and the highlight is of course an unsigned GWB.
If you are buying, study the condition reports very carefully as historically they have been "very generous". That said the couple I looked at do seem a little more detailed than in the past but ask for some HD photos if you cannot get to see the piece in person.
Definitely not expecting any records here and at best we will see September 2020 prices...which is a good price to buy at.
Just my view!!
Bonhams is a good place to buy..a terrible place to sell!!
All of the Banksy prints are unsigned, two are duplicate numbers (not that that matters) and the highlight is of course an unsigned GWB.
If you are buying, study the condition reports very carefully as historically they have been "very generous". That said the couple I looked at do seem a little more detailed than in the past but ask for some HD photos if you cannot get to see the piece in person.
Definitely not expecting any records here and at best we will see September 2020 prices...which is a good price to buy at.
Just my view!!
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artlife11
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Posts • 372
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January 2020
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Bonhams • Art Auctions • London 🇬🇧, by artlife11 on Sept 22, 2021 10:12:21 GMT 1, Don’t think it’s been mentioned here yet but big sale at Bonhams today with a good selection of Banksy prints.
The Conner brothers 14 original’s that have been on display at Jealous gallery are in the auction too. I was surprised how good they look last week when I went to pick up a print from jealous. I think they are for charity ( big issue)
Don’t think it’s been mentioned here yet but big sale at Bonhams today with a good selection of Banksy prints. The Conner brothers 14 original’s that have been on display at Jealous gallery are in the auction too. I was surprised how good they look last week when I went to pick up a print from jealous. I think they are for charity ( big issue)
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Bonhams • Art Auctions • London 🇬🇧, by Eastend Boy 13 on Sept 22, 2021 15:38:02 GMT 1, Banksys up now....
Banksys up now....
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marquis
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January 2020
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Bonhams • Art Auctions • London 🇬🇧, by marquis on Sept 22, 2021 16:05:58 GMT 1, Weak results, except Girl With Balloon and Happy Chopper, which were average.
Weak results, except Girl With Balloon and Happy Chopper, which were average.
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JFCC
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Posts • 390
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May 2020
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Bonhams • Art Auctions • London 🇬🇧, by JFCC on Sept 22, 2021 17:11:06 GMT 1, What a dreadful auction!!
Full of low value items, lots of passes, one lot sold at £50 and for Bonhams to then putting on 10 Banksy unsigned prints at 20 - 30 times the price of everything else is the sign of a house which has totally lost its way. As a seller I would be furious, especially as they probably tried to charge a sellers premium of up to 8%!
Out of it all, Love Rat, GWB and Happy Chopper showed a respectable performance but with no bidders and no momentum there were bargains were a plenty.
Pulp Fiction and Flying Copper were the most shocking!! Sotheby's saw Pulp Fiction go for £81k yet here it was £50k and Flying Copper £34k all done (I think) was about half price!! The rest were pretty well at the bottom of the spectrum, I regret not grilling my boots!!
Connor Brothers did ok but we are talking a different price category!!
A proper car crash for sellers!!
What a dreadful auction!!
Full of low value items, lots of passes, one lot sold at £50 and for Bonhams to then putting on 10 Banksy unsigned prints at 20 - 30 times the price of everything else is the sign of a house which has totally lost its way. As a seller I would be furious, especially as they probably tried to charge a sellers premium of up to 8%!
Out of it all, Love Rat, GWB and Happy Chopper showed a respectable performance but with no bidders and no momentum there were bargains were a plenty.
Pulp Fiction and Flying Copper were the most shocking!! Sotheby's saw Pulp Fiction go for £81k yet here it was £50k and Flying Copper £34k all done (I think) was about half price!! The rest were pretty well at the bottom of the spectrum, I regret not grilling my boots!!
Connor Brothers did ok but we are talking a different price category!!
A proper car crash for sellers!!
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ab3
New Member
Posts • 325
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December 2017
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Bonhams • Art Auctions • London 🇬🇧, by ab3 on Sept 22, 2021 17:12:05 GMT 1, Weak results, except Girl With Balloon and Happy Chopper, which were average. Do you know what GWRB went for? I can't find the price on their site for that lot.
Weak results, except Girl With Balloon and Happy Chopper, which were average. Do you know what GWRB went for? I can't find the price on their site for that lot.
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artlife11
New Member
Posts • 372
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January 2020
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Bonhams • Art Auctions • London 🇬🇧, by artlife11 on Sept 22, 2021 17:18:12 GMT 1, Weak results, except Girl With Balloon and Happy Chopper, which were average. Do you know what Girl With Red Baloon went for? I can't find the price on their site for that lot.
£100000 hammer plus some ludicrous buyers fees
Weak results, except Girl With Balloon and Happy Chopper, which were average. Do you know what Girl With Red Baloon went for? I can't find the price on their site for that lot. £100000 hammer plus some ludicrous buyers fees
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