It's Bonhams. Most likely a dream for buyers and a catastrophe for sellers. 

Crap connection.

Suffice to say the long awaited correction is occuring

Some low prices there.

Bonhams is always a buyers auction. Prices are pretty much in line with everything seen in the last few months. Essentially we remain at Sept 2020 pricing which is still a pretty good place to be in my personal opinion!

Agreed. Stability is what everyone needs

For any Nick Smith fans out there, think his piece did pretty well.

Simpsons sold for £4,462

No it was a lot more than that I think £120k plus other fees added on to the eventual invoice. I would think close to £130k which is pretty good given the condition. Probably why it was put in to auction. Seller got £95k another reason not sell at auction unless you are have condition issues,

Bonhams were my favourite auction house for a long period of time, great people to deal with and very straight forward. However in my opinion, I think they have definitely lost their way in terms of catalogues, promotion of sales and condition reports, this is my own personal opinion I must stress. An example is the Pop x Culture sale which had so many lots, many were for a few hundred pounds, then they had a random Supreme LV trunk and then somewhere some excellent Banksy prints mixed in there. They also had some poor ones!!! Who an earth was the audience for that collection? I will add however I do buy from Bonhams as they are always the cheapest auction house but I prefer to try and do a deal with members here or with other parties that I know.

Forum are excellent and very honest brokers but they have just pushed to many Banksy only auctions and are in, in my opinion again, part the reason for the market indigestion we have seen all year. They have been a victim of their own success and as their reach is pretty limited to a relatively compact band of collectors it is hard to break the circle. They need to have less Banksy lots and a much wider number of artists that they assemble alongside.  

Sotheby's and Phillips are in my opinion the best at the moment. Their reach is far and away the best and advertising and marketing to their clientele much better than the rest. Christies are close but a little haphazard and are perhaps too honest in their estimates thus not creating an early enough frenzy feel either online or in the room. All three do however bring an excellent international reach to the equation and that is also good.

So if I was selling a Banksy print today, it would not be in a Banksy only sale. It would be in mixed catalogue of other urban and pop artists all with a similar quality and price range. Most likely it would be through Sotheby's or Phillips depending on who gave me the best deal of no sellers fees etc.

Just my view!!!

well well, well - certainly a buyers market today

Another Bonhams buyers feast!!!

Out of 8 Banksy unsigned prints sold today 6 achieved new record lows!!!

Thank you for the bargains but who would ever sell there!!!

This is record lows, this year which is my measure of the state of the market or in this case the state of the auction house.

For example Love Rat sold yesterday at 20% more at Tate Ward (Hammer £25k TW v £20k at Bonhams)

All were unsigned

Happy Choppers,
B&W
Trollies,
IFTL,
HMV,
Grannies and
Love Rat

Actually Bonhams does have the record for an unsigned GWB, but it wasn't today it was in March this year at £328k (Hammer £262k).



That said £174k all in (hammer £130k) achieved today was actually a good result. Probably the only good result!!

Yesterday Love is in the air sold for €200,000 + fees

www.invaluable.com/auction-lot/BANKSY-(N%C3%A9-en-1975)----LOVE-IS-IN-THE-AIR-2003--033463BA31