johnnyvinyl
New Member
Posts โข 17
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June 2015
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Better investment Kaws, Koons or Banksy?, by johnnyvinyl on Aug 14, 2015 14:31:40 GMT 1, The "conventional wisdom" when buying artwork is to buy a major or important original work by an up-and-coming artist rather than a middling or mediocre print by a major artist. Of course, this should really be taken with a grain of salt because all kinds of mitigating factors come into play, including perhaps the most important: always buy what you love. Ultimately, it's all a bit of a gamble as to what will truly hold its value in the long term. The Vasarely and Agam examples are good examples of artists who were once quite popular to the point of ubiquity and their work now seems quite dated. I think all three artists under discussion will prove to be relevant when their careers are evaluated in 30 years time. But much of what I see in Hirst's Other Criteria won't be (as relevant as he will be considered). I believe KAWS is a very important artist and continues to push his practice in new directions while maintaining a core ethos. Again I believe the question here is purely from an investment point of view and going along that line of thinking, buying what you like personally is actually the least important factor. Would be similar to buying a stock in a company that you believe has big upside potential but that you personally don't like and would not use their products. The point I was trying to make is that since buying art is so subjective and prone to the vagaries of a volatile and unpredictable market, if one buys what one loves, at least you'll have the pleasure of having it around you - the intrinsic value is the pleasure it brings to you. The market value is another thing entirely. All three of the artists under discussion are at the height of their respective markets presently. Where their values will go, only time will tell because no one truly knows. The questions to ask yourself are "which artist's work will prove to be not only most valued by the market, but most liquid?" and ultimately, "which one will I want to have around me if I can't sell it when I have to?".
As well, if we're talking about editioned pieces, there are other notable factors to consider amongst these as well: which artist's editioned work best reflects his wider practice; the size of the edition(s) being considered; the existence of fakes for that artist's work on the market; the actual amount that each edition commands (i.e. the market for a $5K print is much different than for a $20K print); etc..
The "conventional wisdom" when buying artwork is to buy a major or important original work by an up-and-coming artist rather than a middling or mediocre print by a major artist. Of course, this should really be taken with a grain of salt because all kinds of mitigating factors come into play, including perhaps the most important: always buy what you love. Ultimately, it's all a bit of a gamble as to what will truly hold its value in the long term. The Vasarely and Agam examples are good examples of artists who were once quite popular to the point of ubiquity and their work now seems quite dated. I think all three artists under discussion will prove to be relevant when their careers are evaluated in 30 years time. But much of what I see in Hirst's Other Criteria won't be (as relevant as he will be considered). I believe KAWS is a very important artist and continues to push his practice in new directions while maintaining a core ethos. Again I believe the question here is purely from an investment point of view and going along that line of thinking, buying what you like personally is actually the least important factor. Would be similar to buying a stock in a company that you believe has big upside potential but that you personally don't like and would not use their products. The point I was trying to make is that since buying art is so subjective and prone to the vagaries of a volatile and unpredictable market, if one buys what one loves, at least you'll have the pleasure of having it around you - the intrinsic value is the pleasure it brings to you. The market value is another thing entirely. All three of the artists under discussion are at the height of their respective markets presently. Where their values will go, only time will tell because no one truly knows. The questions to ask yourself are "which artist's work will prove to be not only most valued by the market, but most liquid?" and ultimately, "which one will I want to have around me if I can't sell it when I have to?". As well, if we're talking about editioned pieces, there are other notable factors to consider amongst these as well: which artist's editioned work best reflects his wider practice; the size of the edition(s) being considered; the existence of fakes for that artist's work on the market; the actual amount that each edition commands (i.e. the market for a $5K print is much different than for a $20K print); etc..
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BKBOI
Junior Member
Posts โข 1,881
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January 2013
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Better investment Kaws, Koons or Banksy?, by BKBOI on Aug 14, 2015 16:51:03 GMT 1, we will see how much the Kaws print will sell in auction in a year's time. I remember the Koons ribbon print that was released for the world cup sell for twice the original cost at auction in after a year. Banksy prints may have peaked for now but they are one of the easiest to move in the art market.
we will see how much the Kaws print will sell in auction in a year's time. I remember the Koons ribbon print that was released for the world cup sell for twice the original cost at auction in after a year. Banksy prints may have peaked for now but they are one of the easiest to move in the art market.
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mla
Junior Member
Posts โข 1,104
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June 2015
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Better investment Kaws, Koons or Banksy?, by mla on Aug 14, 2015 16:56:18 GMT 1, If you want "investments", put your money elsewhere. As noted, this is more speculative gambling than anything.
If you want "investments", put your money elsewhere. As noted, this is more speculative gambling than anything.
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Deleted
Posts โข 0
Likes โข
January 1970
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Better investment Kaws, Koons or Banksy?, by Deleted on Aug 14, 2015 17:23:20 GMT 1, Gold is a good investment but buy it at the wrong time and lose money.
Buy low when people are selling and sell when people are buying.
Gold is a good investment but buy it at the wrong time and lose money.
Buy low when people are selling and sell when people are buying.
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chads007
Junior Member
Posts โข 3,696
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December 2012
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Better investment Kaws, Koons or Banksy?, by chads007 on Aug 14, 2015 17:29:46 GMT 1, You should always have 10 to 20% residual asset in gold.
You should always have 10 to 20% residual asset in gold.
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coller
Junior Member
Posts โข 2,380
Likes โข 2,371
April 2015
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Better investment Kaws, Koons or Banksy?, by coller on Aug 14, 2015 17:40:23 GMT 1, You should always have 10 to 20% residual asset in gold. I keep 40% of my assets liquid. By "liquid," I mean I buy bottled water and wait for disaster to strike.
I call it Aqua-Cola.
You should always have 10 to 20% residual asset in gold. I keep 40% of my assets liquid. By "liquid," I mean I buy bottled water and wait for disaster to strike. I call it Aqua-Cola.
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BKBOI
Junior Member
Posts โข 1,881
Likes โข 1,693
January 2013
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Better investment Kaws, Koons or Banksy?, by BKBOI on Aug 14, 2015 21:26:12 GMT 1, I bought frozen OJ futures. gonna make a killing
I bought frozen OJ futures. gonna make a killing
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CREAM
New Member
Posts โข 422
Likes โข 513
June 2015
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Better investment Kaws, Koons or Banksy?, by CREAM on Aug 14, 2015 21:30:20 GMT 1, Looking good Billy Ray!
Looking good Billy Ray!
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dreadnatty
Junior Member
Posts โข 5,431
Likes โข 6,992
February 2013
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Better investment Kaws, Koons or Banksy?, by dreadnatty on Aug 14, 2015 21:41:35 GMT 1, I bought frozen OJ futures. gonna make a killing
I bought frozen OJ futures. gonna make a killing
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Black Apple Art
Art Gallery
Junior Member
Posts โข 2,007
Likes โข 3,970
September 2013
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Better investment Kaws, Koons or Banksy?, by Black Apple Art on Aug 14, 2015 22:30:14 GMT 1, Of those three, hard to call. Banksy is in a bubble, I reckon it'll burst. I'd read maddoghoek's post several times until it sinks in. Good luck with whatever you decide. Uh... the "bubble" word again.
Yes, the massive Banksy sell-off and drop in demand is eminent and with such weak underlying fundamentals it will no doubt be devastating. I will enact a preemptive strike in good faith and provide quantitative easing and take pieces at a slight discount compared to what is to come. Anything to help
Of those three, hard to call. Banksy is in a bubble, I reckon it'll burst. I'd read maddoghoek's post several times until it sinks in. Good luck with whatever you decide. Uh... the "bubble" word again. Yes, the massive Banksy sell-off and drop in demand is eminent and with such weak underlying fundamentals it will no doubt be devastating. I will enact a preemptive strike in good faith and provide quantitative easing and take pieces at a slight discount compared to what is to come. Anything to help
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Better investment Kaws, Koons or Banksy?, by Coach on Aug 14, 2015 22:53:17 GMT 1, This thread makes me rather sad tbh. All about money and nothing about art.
This thread makes me rather sad tbh. All about money and nothing about art.
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Cornish Crayon
Junior Member
Posts โข 3,965
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December 2007
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Better investment Kaws, Koons or Banksy?, by Cornish Crayon on Aug 14, 2015 23:02:13 GMT 1, Just buy yourself some crayons and a colouring book, it's all irrelevant anyway.
Just buy yourself some crayons and a colouring book, it's all irrelevant anyway.
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dreadnatty
Junior Member
Posts โข 5,431
Likes โข 6,992
February 2013
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Better investment Kaws, Koons or Banksy?, by dreadnatty on Aug 14, 2015 23:12:47 GMT 1, This thread makes me rather sad tbh. All about money and nothing about art. One of the reasons I wish there was a block thread button
This thread makes me rather sad tbh. All about money and nothing about art. One of the reasons I wish there was a block thread button
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coller
Junior Member
Posts โข 2,380
Likes โข 2,371
April 2015
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Better investment Kaws, Koons or Banksy?, by coller on Aug 14, 2015 23:30:48 GMT 1, maddoghoek100's post is pretty damn good. I'm ready for that Kate Moss B&W AP at $8k.
I still believe in Banksy, think he's a genius. Would rather see him keep doing well than be able to afford his prints. That said, can't tell what kind of legacy he'll leave and that's inevitable. He hasn't even been fully embraced by the fine art community (still waiting for that Banksy exhibit at the Met). Hoping that'll happen soon.
maddoghoek100's post is pretty damn good. I'm ready for that Kate Moss B&W AP at $8k. I still believe in Banksy, think he's a genius. Would rather see him keep doing well than be able to afford his prints. That said, can't tell what kind of legacy he'll leave and that's inevitable. He hasn't even been fully embraced by the fine art community (still waiting for that Banksy exhibit at the Met). Hoping that'll happen soon.
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andyroo0312
Junior Member
Posts โข 2,174
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July 2011
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Better investment Kaws, Koons or Banksy?, by andyroo0312 on Aug 14, 2015 23:37:49 GMT 1, Gold is a good investment but buy it at the wrong time and lose money. Buy low when people are selling and sell when people are buying. Actually mate gold is a shit investment. It's not really a investment as much as a safe port in the case of a storm you would be much better of buying gems as they are easier to sell and you can easily fit a 1/2 a mil worth up your clacker. I used to trade in opals as I had a few contacts in Lightning Ridge where they are mined but then the Japanese started to buy sushi train franchises instead so I called it a day. I digress I know but it's a beautiful sunny morn and the kookaburras are singing a crazy tune and I just had the urge to share. Going of the original question put forward if you were silly enough to buy art for a investment instead of buying what makes you smile or think then in the current trending market I would have to say Banksy but you don't get a great deal of B any more for 8 large. If I had 8k to throw I would do exactly that, score a 8 ball and hit the craps tables and pretend I was Danny Ocean.
Gold is a good investment but buy it at the wrong time and lose money. Buy low when people are selling and sell when people are buying. Actually mate gold is a shit investment. It's not really a investment as much as a safe port in the case of a storm you would be much better of buying gems as they are easier to sell and you can easily fit a 1/2 a mil worth up your clacker. I used to trade in opals as I had a few contacts in Lightning Ridge where they are mined but then the Japanese started to buy sushi train franchises instead so I called it a day. I digress I know but it's a beautiful sunny morn and the kookaburras are singing a crazy tune and I just had the urge to share. Going of the original question put forward if you were silly enough to buy art for a investment instead of buying what makes you smile or think then in the current trending market I would have to say Banksy but you don't get a great deal of B any more for 8 large. If I had 8k to throw I would do exactly that, score a 8 ball and hit the craps tables and pretend I was Danny Ocean.
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South Bound
Junior Member
Posts โข 1,483
Likes โข 1,125
May 2014
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Better investment Kaws, Koons or Banksy?, by South Bound on Aug 14, 2015 23:49:33 GMT 1, Gold is a good investment but buy it at the wrong time and lose money. Buy low when people are selling and sell when people are buying. Actually mate gold is a s**t investment. It's not really a investment as much as a safe port in the case of a storm you would be much better of buying gems as they are easier to sell and you can easily fit a 1/2 a mil worth up your clacker. I used to trade in opals as I had a few contacts in Lightning Ridge where they are mined but then the Japanese started to buy sushi train franchises instead so I called it a day. I digress I know but it's a beautiful sunny morn and the kookaburras are singing a crazy tune and I just had the urge to share. Going of the original question put forward if you were silly enough to buy art for a investment instead of buying what makes you smile or think then in the current trending market I would have to say Banksy but you don't get a great deal of B any more for 8 large. If I had 8k to throw I would do exactly that, score a 8 ball and hit the craps tables and pretend I was Danny Ocean. this might be my favorite post of the week
"Score an 8ball and hit the craps tables"... Classic
At the next forum meet up I know who I am rolling with.
Gold is a good investment but buy it at the wrong time and lose money. Buy low when people are selling and sell when people are buying. Actually mate gold is a s**t investment. It's not really a investment as much as a safe port in the case of a storm you would be much better of buying gems as they are easier to sell and you can easily fit a 1/2 a mil worth up your clacker. I used to trade in opals as I had a few contacts in Lightning Ridge where they are mined but then the Japanese started to buy sushi train franchises instead so I called it a day. I digress I know but it's a beautiful sunny morn and the kookaburras are singing a crazy tune and I just had the urge to share. Going of the original question put forward if you were silly enough to buy art for a investment instead of buying what makes you smile or think then in the current trending market I would have to say Banksy but you don't get a great deal of B any more for 8 large. If I had 8k to throw I would do exactly that, score a 8 ball and hit the craps tables and pretend I was Danny Ocean. this might be my favorite post of the week "Score an 8ball and hit the craps tables"... Classic At the next forum meet up I know who I am rolling with.
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Black Apple Art
Art Gallery
Junior Member
Posts โข 2,007
Likes โข 3,970
September 2013
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Better investment Kaws, Koons or Banksy?, by Black Apple Art on Aug 14, 2015 23:56:56 GMT 1, This thread makes me rather sad tbh. All about money and nothing about art. Coach, to be fair it was a question about money in the form of investment, so of course money will be discussed. I think members seeking information and advice about where they put their money in art is fair. What makes me sad is seeing unchecked misinformation or "advice", so I feel compelled to chime in. Best part is well can all self censor and follow the posts we want.
This thread makes me rather sad tbh. All about money and nothing about art. Coach, to be fair it was a question about money in the form of investment, so of course money will be discussed. I think members seeking information and advice about where they put their money in art is fair. What makes me sad is seeing unchecked misinformation or "advice", so I feel compelled to chime in. Best part is well can all self censor and follow the posts we want.
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yoyosh
Junior Member
Posts โข 1,683
Likes โข 1,631
March 2012
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Better investment Kaws, Koons or Banksy?, by yoyosh on Aug 15, 2015 2:22:32 GMT 1, This thread makes me rather sad tbh. All about money and nothing about art. This thread makes me rather sad tbh. very few came into it to give an honest answer to the question posed. Must be more fun to critique the question or give an answer that wasn't one of the multiple choices I suppose!
This thread makes me rather sad tbh. All about money and nothing about art. This thread makes me rather sad tbh. very few came into it to give an honest answer to the question posed. Must be more fun to critique the question or give an answer that wasn't one of the multiple choices I suppose!
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mla
Junior Member
Posts โข 1,104
Likes โข 1,242
June 2015
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Better investment Kaws, Koons or Banksy?, by mla on Aug 15, 2015 2:25:08 GMT 1, How can one give an "honest" answer to a question in which the underlying nature is merely speculative? It's all conjecture.
How can one give an "honest" answer to a question in which the underlying nature is merely speculative? It's all conjecture.
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danbongo
New Member
Posts โข 81
Likes โข 48
April 2015
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Better investment Kaws, Koons or Banksy?, by danbongo on Aug 15, 2015 4:48:39 GMT 1, You can buy a Picasso edition for 8k. You can by a 400 year old REMBRANT edition for 8K. ย I get that i amย fighting an uphill battle for art history and the long game, but i am willing to fight the good fight.ย Instead of Vasarely and Agam i could have picked miro, calder, stella or literally dozens of others. ย all have a huge market for multiples and all have experienced massive declines in price relative to their peak in the 70s. ย Almost all of their work would be unrecognizable to the vast majority of people reading this post. ย That is ok, but should be taken as a cautionary tale when viewing the art market. ย Not knowing one or all of those artists says more about our background, level of art history knowledge and the fleeting nature of fame than it does about them, their work, and their impact on culture. ย I also get that i am in he wrong place to say something like this, but here goes. ย Banksy has had not even close to the career that Alexander Calder had. ย He may, if he works another 40 years and remains relevant. ย Calder has been on display in every major museum in the world, has monumental sculptures as the focal points of public spaces in major metropolitan areas and had a 60+ year career of cultural relevance. ย He also has multiples that can be readily purchased for less than 8k and many that would draw "meh" comments from most of the peanut gallery. ย IF asked to name an artist who worked between 1900 - 1970 most would be doing well to name 10. That says something. Many could name Mark Rothko, but could any name Agnes Martin who was one of his more significant contemporaries? ย Banksy may stand the test of time, become an interesting footnote, or be totally forgotten. ย I dont know which is most likely. ย What i do know is that as an investment strategy, buying editioned pieces from known artists while they are popular and well known has not been a very good inflation adjusted long term investment strategy over the last 50 years. ย On the other handย taking the time to rediscover greats from the past that are no longer producing work can yield some real bargains. ย As to other investments and correlations to the stock market, Black Apple may want to read up on some Peter Lynch. ย Buying an asset of any kind that has no capability of generating sustainable or predictable future cash flows is not an investment, it is a gamble. ย If you are a reseller of goods and believe you know the market for a good by all means buy and sell that good at a profit. ย you are a retailer not an investor. ย Im not sure you can buy a single piece of art as an investment. A diversified pool of art that was hedged against a range of taste changes maybe. ย You can for sure gamble in the the art market though. ย I am not familer with the work ofย Vasarely and Agam, but I'm willing to bet that the fact that I've never heard of them plays a big part in the current lackluster market for their multiples. People will continue to pay top dollar for "household-name" artists such as Warhol, Banksy, and Koons. .ย
Threads like this and more specifically posts like this make me physically sick - all hail money and the bs pain it brings the world
You can buy a Picasso edition for 8k. You can by a 400 year old REMBRANT edition for 8K. ย I get that i amย fighting an uphill battle for art history and the long game, but i am willing to fight the good fight.ย Instead of Vasarely and Agam i could have picked miro, calder, stella or literally dozens of others. ย all have a huge market for multiples and all have experienced massive declines in price relative to their peak in the 70s. ย Almost all of their work would be unrecognizable to the vast majority of people reading this post. ย That is ok, but should be taken as a cautionary tale when viewing the art market. ย Not knowing one or all of those artists says more about our background, level of art history knowledge and the fleeting nature of fame than it does about them, their work, and their impact on culture. ย I also get that i am in he wrong place to say something like this, but here goes. ย Banksy has had not even close to the career that Alexander Calder had. ย He may, if he works another 40 years and remains relevant. ย Calder has been on display in every major museum in the world, has monumental sculptures as the focal points of public spaces in major metropolitan areas and had a 60+ year career of cultural relevance. ย He also has multiples that can be readily purchased for less than 8k and many that would draw "meh" comments from most of the peanut gallery. ย IF asked to name an artist who worked between 1900 - 1970 most would be doing well to name 10. That says something. Many could name Mark Rothko, but could any name Agnes Martin who was one of his more significant contemporaries? ย Banksy may stand the test of time, become an interesting footnote, or be totally forgotten. ย I dont know which is most likely. ย What i do know is that as an investment strategy, buying editioned pieces from known artists while they are popular and well known has not been a very good inflation adjusted long term investment strategy over the last 50 years. ย On the other handย taking the time to rediscover greats from the past that are no longer producing work can yield some real bargains. ย As to other investments and correlations to the stock market, Black Apple may want to read up on some Peter Lynch. ย Buying an asset of any kind that has no capability of generating sustainable or predictable future cash flows is not an investment, it is a gamble. ย If you are a reseller of goods and believe you know the market for a good by all means buy and sell that good at a profit. ย you are a retailer not an investor. ย Im not sure you can buy a single piece of art as an investment. A diversified pool of art that was hedged against a range of taste changes maybe. ย You can for sure gamble in the the art market though. ย I am not familer with the work ofย Vasarely and Agam, but I'm willing to bet that the fact that I've never heard of them plays a big part in the current lackluster market for their multiples. People will continue to pay top dollar for "household-name" artists such as Warhol, Banksy, and Koons. .ย Threads like this and more specifically posts like this make me physically sick - all hail money and the bs pain it brings the world
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Dice
Junior Member
Posts โข 2,191
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October 2011
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Better investment Kaws, Koons or Banksy?, by Dice on Aug 15, 2015 5:05:29 GMT 1, It was a question about money and a thread about money. There are lots of other threads about art if you prefer but I think these kind of questions are worth talking about sometimes and people should obviously be allowed to do so
It was a question about money and a thread about money. There are lots of other threads about art if you prefer but I think these kind of questions are worth talking about sometimes and people should obviously be allowed to do so
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coller
Junior Member
Posts โข 2,380
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April 2015
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Better investment Kaws, Koons or Banksy?, by coller on Aug 15, 2015 5:45:38 GMT 1,
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sin
New Member
Posts โข 614
Likes โข 737
February 2013
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Better investment Kaws, Koons or Banksy?, by sin on Aug 15, 2015 6:07:50 GMT 1, Stinking solely within the stated question.
Koons
Just my personal opinion. I dont collect it, and dont buy for investment but I think its the better investment.
Second guess Kaws
Last Banksy Reasoning, the blue chip choice. In my personal opinion an artists long term value is connected to institutional and academic support. Koons, a retrospective in his lifetime at one of the most prestigious institutions in the world. Doesn't show a sign of slowing down.
Kaws, solid museum support, IMPO more of a momentous contribution to culture. I see Kaws continuing to penetrate institutions, explode within the high art market.
Banksy, is hype. Banksy is the artist whose future is more volatile. While all three have a great potential, Banksy is the most unsure. Hi (their) work is captivating at the moment, driving a culture of the moment, and all my non art friends and clients know banksy, but they didnt know banksy till the big hype moments, the big $$$. They know banksy because they know the art is worth money, but I dont see the same institutional and academic interest. I dont see the transition into high art like kaws. Kaws is represented by Perrotin and others, who are placing the work in the collections of real collectors, not hedge fund guys with massive money to spend. I could be wrong, feel free to retort, its just my opinion within the confines of the question.
However, to pick up the what to spend $8K on if one is allowed to consider other art, other investments. All 3 of these fall behind other options that are much more secure and sure footing.
Stinking solely within the stated question.
Koons
Just my personal opinion. I dont collect it, and dont buy for investment but I think its the better investment.
Second guess Kaws
Last Banksy Reasoning, the blue chip choice. In my personal opinion an artists long term value is connected to institutional and academic support. Koons, a retrospective in his lifetime at one of the most prestigious institutions in the world. Doesn't show a sign of slowing down.
Kaws, solid museum support, IMPO more of a momentous contribution to culture. I see Kaws continuing to penetrate institutions, explode within the high art market.
Banksy, is hype. Banksy is the artist whose future is more volatile. While all three have a great potential, Banksy is the most unsure. Hi (their) work is captivating at the moment, driving a culture of the moment, and all my non art friends and clients know banksy, but they didnt know banksy till the big hype moments, the big $$$. They know banksy because they know the art is worth money, but I dont see the same institutional and academic interest. I dont see the transition into high art like kaws. Kaws is represented by Perrotin and others, who are placing the work in the collections of real collectors, not hedge fund guys with massive money to spend. I could be wrong, feel free to retort, its just my opinion within the confines of the question.
However, to pick up the what to spend $8K on if one is allowed to consider other art, other investments. All 3 of these fall behind other options that are much more secure and sure footing.
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Deleted
Posts โข 0
Likes โข
January 1970
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Better investment Kaws, Koons or Banksy?, by Deleted on Aug 15, 2015 9:01:26 GMT 1, Stinking solely within the stated question. Koons Just my personal opinion. I dont collect it, and dont buy for investment but I think its the better investment. Second guess Kaws Last Banksy Reasoning, the blue chip choice. In my personal opinion an artists long term value is connected to institutional and academic support. Koons, a retrospective in his lifetime at one of the most prestigious institutions in the world. Doesn't show a sign of slowing down. Kaws, solid museum support, IMPO more of a momentous contribution to culture. I see Kaws continuing to penetrate institutions, explode within the high art market. Banksy, is hype. Banksy is the artist whose future is more volatile. While all three have a great potential, Banksy is the most unsure. Hi (their) work is captivating at the moment, driving a culture of the moment, and all my non art friends and clients know banksy, but they didnt know banksy till the big hype moments, the big $$$. They know banksy because they know the art is worth money, but I dont see the same institutional and academic interest. I dont see the transition into high art like kaws. Kaws is represented by Perrotin and others, who are placing the work in the collections of real collectors, not hedge fund guys with massive money to spend. I could be wrong, feel free to retort, its just my opinion within the confines of the question. However, to pick up the what to spend $8K on if one is allowed to consider other art, other investments. All 3 of these fall behind other options that are much more secure and sure footing.
The art world is run on hype.
Picasso's etc sold for millions.
Auction houses salivating over record sales.
Critics oozing and schmoozing telling us this artist is a genius or great etc.
Koons was a bond trader (Junk bonds ?) and saw that with the right amount of hype (bullshit) he could sell his plagiarised tat.
His prices were high to begin with.
Kaws appeals to some buyers and thats all I know about Kaws.
Banksy by miles was the best investment.
When his screenprints were ยฃ60 each.
Imagine if one spent ยฃ8 K buying loads at 60 each.
It's not as if one would have lost money back then as even if prices did not go up much it would have been possible to resell them all for a small profit.
Mentality today seems to be about greed and quick profit.
I have a few K and I want to invest in something to make 10 X K.
Stinking solely within the stated question. Koons Just my personal opinion. I dont collect it, and dont buy for investment but I think its the better investment. Second guess Kaws Last Banksy Reasoning, the blue chip choice. In my personal opinion an artists long term value is connected to institutional and academic support. Koons, a retrospective in his lifetime at one of the most prestigious institutions in the world. Doesn't show a sign of slowing down. Kaws, solid museum support, IMPO more of a momentous contribution to culture. I see Kaws continuing to penetrate institutions, explode within the high art market. Banksy, is hype. Banksy is the artist whose future is more volatile. While all three have a great potential, Banksy is the most unsure. Hi (their) work is captivating at the moment, driving a culture of the moment, and all my non art friends and clients know banksy, but they didnt know banksy till the big hype moments, the big $$$. They know banksy because they know the art is worth money, but I dont see the same institutional and academic interest. I dont see the transition into high art like kaws. Kaws is represented by Perrotin and others, who are placing the work in the collections of real collectors, not hedge fund guys with massive money to spend. I could be wrong, feel free to retort, its just my opinion within the confines of the question. However, to pick up the what to spend $8K on if one is allowed to consider other art, other investments. All 3 of these fall behind other options that are much more secure and sure footing.
The art world is run on hype.
Picasso's etc sold for millions.
Auction houses salivating over record sales.
Critics oozing and schmoozing telling us this artist is a genius or great etc.
Koons was a bond trader (Junk bonds ?) and saw that with the right amount of hype (bullshit) he could sell his plagiarised tat.
His prices were high to begin with.
Kaws appeals to some buyers and thats all I know about Kaws.
Banksy by miles was the best investment.
When his screenprints were ยฃ60 each.
Imagine if one spent ยฃ8 K buying loads at 60 each.
It's not as if one would have lost money back then as even if prices did not go up much it would have been possible to resell them all for a small profit.
Mentality today seems to be about greed and quick profit.
I have a few K and I want to invest in something to make 10 X K.
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Deleted
Posts โข 0
Likes โข
January 1970
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Better investment Kaws, Koons or Banksy?, by Deleted on Aug 15, 2015 13:37:31 GMT 1, Spend 8K in Sterling ยฃ on Euros โฌ and wait for the Euros to go up and sterling go down.
I think the dollar $ is good against the euro too.
Thats all people like Soros do.
Spend 8K in Sterling ยฃ on Euros โฌ and wait for the Euros to go up and sterling go down.
I think the dollar $ is good against the euro too.
Thats all people like Soros do.
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Fake
Artist
Junior Member
Posts โข 2,376
Likes โข 2,143
July 2008
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Better investment Kaws, Koons or Banksy?, by Fake on Aug 15, 2015 13:51:36 GMT 1, So when is someone going to make a chart? Would be interesting to see how prices drop and rise over the last 10 years. And the best way to predict the future is to look at the past
So when is someone going to make a chart? Would be interesting to see how prices drop and rise over the last 10 years. And the best way to predict the future is to look at the past
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South Bound
Junior Member
Posts โข 1,483
Likes โข 1,125
May 2014
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Better investment Kaws, Koons or Banksy?, by South Bound on Aug 15, 2015 14:01:32 GMT 1, This thread makes me rather sad tbh. All about money and nothing about art. This thread makes me rather sad tbh. very few came into it to give an honest answer to the question posed. Must be more fun to critique the question or give an answer that wasn't one of the multiple choices I suppose! I think most came into it and gave an honest answer. It just wasn't what the OP wanted to hear.
Edit: I stand by my answer, if you are simply wanting investment Id go with something else...like Google stock.
This thread makes me rather sad tbh. All about money and nothing about art. This thread makes me rather sad tbh. very few came into it to give an honest answer to the question posed. Must be more fun to critique the question or give an answer that wasn't one of the multiple choices I suppose! I think most came into it and gave an honest answer. It just wasn't what the OP wanted to hear. Edit: I stand by my answer, if you are simply wanting investment Id go with something else...like Google stock.
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South Bound
Junior Member
Posts โข 1,483
Likes โข 1,125
May 2014
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Better investment Kaws, Koons or Banksy?, by South Bound on Aug 15, 2015 14:07:47 GMT 1, So when is someone going to make a chart? Would be interesting to see how prices drop and rise over the last 10 years. And the best way to predict the future is to look at the past oddly enough (And I would need to do some digging to find it) I saw a chart comparing the rising and falling of Murakami, Koons, and Hirst. All 3 have taken hits over the past couple of years.
So when is someone going to make a chart? Would be interesting to see how prices drop and rise over the last 10 years. And the best way to predict the future is to look at the past oddly enough (And I would need to do some digging to find it) I saw a chart comparing the rising and falling of Murakami, Koons, and Hirst. All 3 have taken hits over the past couple of years.
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johnnyvinyl
New Member
Posts โข 17
Likes โข 19
June 2015
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Better investment Kaws, Koons or Banksy?, by johnnyvinyl on Aug 15, 2015 14:25:29 GMT 1, Interesting that Murakami prints don't really seem to appreciate too much...
Interesting that Murakami prints don't really seem to appreciate too much...
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South Bound
Junior Member
Posts โข 1,483
Likes โข 1,125
May 2014
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Better investment Kaws, Koons or Banksy?, by South Bound on Aug 15, 2015 14:27:19 GMT 1, Yeah, but of the 3, Murakami was holding up the best. When I get a chance I will track that article down and post.
Yeah, but of the 3, Murakami was holding up the best. When I get a chance I will track that article down and post.
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