chester
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November 2009
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Forum Auctions โข Banksy Marketplace ๐ฌ๐ง, by Castle Gallery NI on Jul 14, 2016 11:51:03 GMT 1, Its always surprised me the volume of Banksys sold through auction houses, theres prob a 1/10 chance of the seller achieving more selling Banksy through auction than through other avenues whether gallery or private.
Its always surprised me the volume of Banksys sold through auction houses, theres prob a 1/10 chance of the seller achieving more selling Banksy through auction than through other avenues whether gallery or private.
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Pattycakes
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Forum Auctions โข Banksy Marketplace ๐ฌ๐ง, by Pattycakes on Jul 14, 2016 18:47:33 GMT 1, @ Castle Gallery, have to say I tend to disagree with you on that one. These days decent auctions are setting the price points that push the market forward. Addmittedly an auction is a roll of the dice as it were but if you get on the right side of the roll then the rewards are enormous, and recently the prices at multiple auctions have proven this point.
@ Castle Gallery, have to say I tend to disagree with you on that one. These days decent auctions are setting the price points that push the market forward. Addmittedly an auction is a roll of the dice as it were but if you get on the right side of the roll then the rewards are enormous, and recently the prices at multiple auctions have proven this point.
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Forum Auctions โข Banksy Marketplace ๐ฌ๐ง, by Castle Gallery NI on Jul 14, 2016 19:05:07 GMT 1, @ Castle Gallery, have to say I tend to disagree with you on that one. These days decent auctions are setting the price points that push the market forward. Addmittedly an auction is a roll of the dice as it were but if you get on the right side of the roll then the rewards are enormous, and recently the prices at multiple auctions have proven this point.
I was talking from a sellers point of view and how much they receive after fees, now and then you get lucky like with SS recently but mostly the seller receives below what they can achieve, roughly 9/10 times. The the SS which achieved overall inc fees north of 30k the seller got closer to 20k which isnt that much more than they could have got and that was an unbelievable price someone ended up paying for it. Its that lottery fingers crossed it might be me, more likely it wont for the seller.
@ Castle Gallery, have to say I tend to disagree with you on that one. These days decent auctions are setting the price points that push the market forward. Addmittedly an auction is a roll of the dice as it were but if you get on the right side of the roll then the rewards are enormous, and recently the prices at multiple auctions have proven this point. I was talking from a sellers point of view and how much they receive after fees, now and then you get lucky like with SS recently but mostly the seller receives below what they can achieve, roughly 9/10 times. The the SS which achieved overall inc fees north of 30k the seller got closer to 20k which isnt that much more than they could have got and that was an unbelievable price someone ended up paying for it. Its that lottery fingers crossed it might be me, more likely it wont for the seller. |
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Forum Auctions โข Banksy Marketplace ๐ฌ๐ง, by Castle Gallery NI on Jul 14, 2016 19:56:49 GMT 1, @ Castle Gallery, have to say I tend to disagree with you on that one. These days decent auctions are setting the price points that push the market forward. Addmittedly an auction is a roll of the dice as it were but if you get on the right side of the roll then the rewards are enormous, and recently the prices at multiple auctions have proven this point. I was talking from a sellers point of view and how much they receive after fees, now and then you get lucky like with SS recently but mostly the seller receives below what they can achieve, roughly 9/10 times. The the SS which achieved overall inc fees north of 30k the seller got closer to 20k which isnt that much more than they could have got and that was an unbelievable price someone ended up paying for it. Its that lottery fingers crossed it might be me, more likely it wont for the seller.
Bonhams 22nd some very high prices were paid, very strong results, arguably the strongest auction to date for B prints so this can be used as an example of why i find it surprising so many choose to sell banksys this way and this isnt taking into consideration the larger volume of results were sellers didnt do as well.
Roughly what sellers were returned thanks to Loobaz
Ive stated whether they have done better than they could via private sale or gallery imo
Because I'm worthless: ยฃ10k-well below
Reaper: ยฃ7.6k-well below
Toxic Mary: ยฃ6.4k-well below
Nola: ยฃ19.2k-below
LA Set: not sold-sold after for well below
Trolleys: ยฃ9.6k-similar
Police Kids: ยฃ8.8k-well below
Stop & Search: ยฃ20k-slightly above
Flying Copper: ยฃ12.8k-below
CND: ยฃ11.2k-below
WSM: ยฃ8.8k-similar
The sellers didnt do so well even though there were record prices paid and as said this was a very strong set of results, it just raises the question of why so many choose this route.
@ Castle Gallery, have to say I tend to disagree with you on that one. These days decent auctions are setting the price points that push the market forward. Addmittedly an auction is a roll of the dice as it were but if you get on the right side of the roll then the rewards are enormous, and recently the prices at multiple auctions have proven this point. I was talking from a sellers point of view and how much they receive after fees, now and then you get lucky like with SS recently but mostly the seller receives below what they can achieve, roughly 9/10 times. The the SS which achieved overall inc fees north of 30k the seller got closer to 20k which isnt that much more than they could have got and that was an unbelievable price someone ended up paying for it. Its that lottery fingers crossed it might be me, more likely it wont for the seller. Bonhams 22nd some very high prices were paid, very strong results, arguably the strongest auction to date for B prints so this can be used as an example of why i find it surprising so many choose to sell banksys this way and this isnt taking into consideration the larger volume of results were sellers didnt do as well. Roughly what sellers were returned thanks to LoobazIve stated whether they have done better than they could via private sale or gallery imo Because I'm worthless: ยฃ10k-well below Reaper: ยฃ7.6k-well below Toxic Mary: ยฃ6.4k-well below Nola: ยฃ19.2k-below LA Set: not sold-sold after for well below Trolleys: ยฃ9.6k-similar Police Kids: ยฃ8.8k-well below Stop & Search: ยฃ20k-slightly above Flying Copper: ยฃ12.8k-below CND: ยฃ11.2k-below WSM: ยฃ8.8k-similar The sellers didnt do so well even though there were record prices paid and as said this was a very strong set of results, it just raises the question of why so many choose this route. |
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Reader
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Forum Auctions โข Banksy Marketplace ๐ฌ๐ง, by Reader on Jul 14, 2016 20:16:20 GMT 1, I was talking from a sellers point of view and how much they receive after fees, now and then you get lucky like with SS recently but mostly the seller receives below what they can achieve, roughly 9/10 times. The the SS which achieved overall inc fees north of 30k the seller got closer to 20k which isnt that much more than they could have got and that was an unbelievable price someone ended up paying for it. Its that lottery fingers crossed it might be me, more likely it wont for the seller. Bonhams 22nd some very high prices were paid, very strong results, arguably the strongest auction to date for B prints so this can be used as an example of why i find it surprising so many choose to sell banksys this way and this isnt taking into consideration the larger volume of results were sellers didnt do as well. Roughly what sellers were returned thanks to Loobaz Ive stated whether they have done better than they could via private sale or gallery imo Because I'm worthless: ยฃ10k-well below Reaper: ยฃ7.6k-well below Toxic Mary: ยฃ6.4k-well below Nola: ยฃ19.2k-below LA Set: not sold-sold after for well below Trolleys: ยฃ9.6k-similar Police Kids: ยฃ8.8k-well below Stop & Search: ยฃ20k-slightly above Flying Copper: ยฃ12.8k-below CND: ยฃ11.2k-below WSM: ยฃ8.8k-similar The sellers didnt do so well even though there were record prices paid and as said this was a very strong set of results, it just raises the question of why so many choose this route.
I was talking from a sellers point of view and how much they receive after fees, now and then you get lucky like with SS recently but mostly the seller receives below what they can achieve, roughly 9/10 times. The the SS which achieved overall inc fees north of 30k the seller got closer to 20k which isnt that much more than they could have got and that was an unbelievable price someone ended up paying for it. Its that lottery fingers crossed it might be me, more likely it wont for the seller. Bonhams 22nd some very high prices were paid, very strong results, arguably the strongest auction to date for B prints so this can be used as an example of why i find it surprising so many choose to sell banksys this way and this isnt taking into consideration the larger volume of results were sellers didnt do as well. Roughly what sellers were returned thanks to Loobaz Ive stated whether they have done better than they could via private sale or gallery imo Because I'm worthless: ยฃ10k-well below Reaper: ยฃ7.6k-well below Toxic Mary: ยฃ6.4k-well below Nola: ยฃ19.2k-below LA Set: not sold-sold after for well below Trolleys: ยฃ9.6k-similar Police Kids: ยฃ8.8k-well below Stop & Search: ยฃ20k-slightly above Flying Copper: ยฃ12.8k-below CND: ยฃ11.2k-below WSM: ยฃ8.8k-similar The sellers didnt do so well even though there were record prices paid and as said this was a very strong set of results, it just raises the question of why so many choose this route. Great for buyers and collectors which most on here are, let's not encourage them to go the secondary market galleries ;-) |
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Deleted
๐จ๏ธ 0
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January 1970
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Forum Auctions โข Banksy Marketplace ๐ฌ๐ง, by Deleted on Jul 14, 2016 20:33:57 GMT 1, Bonhams 22nd some very high prices were paid, very strong results, arguably the strongest auction to date for B prints so this can be used as an example of why i find it surprising so many choose to sell banksys this way and this isnt taking into consideration the larger volume of results were sellers didnt do as well. Roughly what sellers were returned thanks to Loobaz Ive stated whether they have done better than they could via private sale or gallery imo Because I'm worthless: ยฃ10k-well below Reaper: ยฃ7.6k-well below Toxic Mary: ยฃ6.4k-well below Nola: ยฃ19.2k-below LA Set: not sold-sold after for well below Trolleys: ยฃ9.6k-similar Police Kids: ยฃ8.8k-well below Stop & Search: ยฃ20k-slightly above Flying Copper: ยฃ12.8k-below CND: ยฃ11.2k-below WSM: ยฃ8.8k-similar The sellers didnt do so well even though there were record prices paid and as said this was a very strong set of results, it just raises the question of why so many choose this route. Great for buyers and collectors which most on here are, let's not encourage them to go the secondary market galleries ;-)
Great for buyers and collectors ? How do you work that one out when you take into account the buyers premium, VAT and artists resale rights ? Some of these prices might not be that great for the seller as Andy says but the seller got a much better deal than the buyer !
Im not convinced that most on here are buyers or collectors eithers but lets not go there....
Bonhams 22nd some very high prices were paid, very strong results, arguably the strongest auction to date for B prints so this can be used as an example of why i find it surprising so many choose to sell banksys this way and this isnt taking into consideration the larger volume of results were sellers didnt do as well. Roughly what sellers were returned thanks to Loobaz Ive stated whether they have done better than they could via private sale or gallery imo Because I'm worthless: ยฃ10k-well below Reaper: ยฃ7.6k-well below Toxic Mary: ยฃ6.4k-well below Nola: ยฃ19.2k-below LA Set: not sold-sold after for well below Trolleys: ยฃ9.6k-similar Police Kids: ยฃ8.8k-well below Stop & Search: ยฃ20k-slightly above Flying Copper: ยฃ12.8k-below CND: ยฃ11.2k-below WSM: ยฃ8.8k-similar The sellers didnt do so well even though there were record prices paid and as said this was a very strong set of results, it just raises the question of why so many choose this route. Great for buyers and collectors which most on here are, let's not encourage them to go the secondary market galleries ;-) Great for buyers and collectors ? How do you work that one out when you take into account the buyers premium, VAT and artists resale rights ? Some of these prices might not be that great for the seller as Andy says but the seller got a much better deal than the buyer ! Im not convinced that most on here are buyers or collectors eithers but lets not go there.... |
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Forum Auctions โข Banksy Marketplace ๐ฌ๐ง, by Castle Gallery NI on Jul 14, 2016 20:56:39 GMT 1, Bonhams 22nd some very high prices were paid, very strong results, arguably the strongest auction to date for B prints so this can be used as an example of why i find it surprising so many choose to sell banksys this way and this isnt taking into consideration the larger volume of results were sellers didnt do as well. Roughly what sellers were returned thanks to Loobaz Ive stated whether they have done better than they could via private sale or gallery imo Because I'm worthless: ยฃ10k-well below Reaper: ยฃ7.6k-well below Toxic Mary: ยฃ6.4k-well below Nola: ยฃ19.2k-below LA Set: not sold-sold after for well below Trolleys: ยฃ9.6k-similar Police Kids: ยฃ8.8k-well below Stop & Search: ยฃ20k-slightly above Flying Copper: ยฃ12.8k-below CND: ยฃ11.2k-below WSM: ยฃ8.8k-similar The sellers didnt do so well even though there were record prices paid and as said this was a very strong set of results, it just raises the question of why so many choose this route. Great for buyers and collectors which most on here are, let's not encourage them to go the secondary market galleries ;-)
I can only assume you've misread, i was talking about sellers getting poor prices but seeing as youve brought up that in your opinion its great for collectors and buyers its not great for buyers or collectors, someobe paid 31500 for an SS and 15k for a colour trolleys, canyou explain how thats great? 10 emails to the first 10 galleries on google or a post on here or other forums and theyd have done better. My point isnt driving people to secondary market galleries i was addressing the question of why so many choose the auction route as a seller when the odds are so clearly against the seller. Do you have an issue with secondary market galleries?
Bonhams 22nd some very high prices were paid, very strong results, arguably the strongest auction to date for B prints so this can be used as an example of why i find it surprising so many choose to sell banksys this way and this isnt taking into consideration the larger volume of results were sellers didnt do as well. Roughly what sellers were returned thanks to Loobaz Ive stated whether they have done better than they could via private sale or gallery imo Because I'm worthless: ยฃ10k-well below Reaper: ยฃ7.6k-well below Toxic Mary: ยฃ6.4k-well below Nola: ยฃ19.2k-below LA Set: not sold-sold after for well below Trolleys: ยฃ9.6k-similar Police Kids: ยฃ8.8k-well below Stop & Search: ยฃ20k-slightly above Flying Copper: ยฃ12.8k-below CND: ยฃ11.2k-below WSM: ยฃ8.8k-similar The sellers didnt do so well even though there were record prices paid and as said this was a very strong set of results, it just raises the question of why so many choose this route. Great for buyers and collectors which most on here are, let's not encourage them to go the secondary market galleries ;-) I can only assume you've misread, i was talking about sellers getting poor prices but seeing as youve brought up that in your opinion its great for collectors and buyers its not great for buyers or collectors, someobe paid 31500 for an SS and 15k for a colour trolleys, canyou explain how thats great? 10 emails to the first 10 galleries on google or a post on here or other forums and theyd have done better. My point isnt driving people to secondary market galleries i was addressing the question of why so many choose the auction route as a seller when the odds are so clearly against the seller. Do you have an issue with secondary market galleries? |
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.dappy
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Forum Auctions โข Banksy Marketplace ๐ฌ๐ง, by .dappy on Jul 14, 2016 21:11:42 GMT 1, ... I thought he was one ...
... I thought he was one ...
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Reader
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Forum Auctions โข Banksy Marketplace ๐ฌ๐ง, by Reader on Jul 14, 2016 21:24:21 GMT 1, Great for buyers and collectors which most on here are, let's not encourage them to go the secondary market galleries ;-) I can only assume you've misread, i was talking about sellers getting poor prices but seeing as youve brought up that in your opinion its great for collectors and buyers its not great for buyers or collectors, someobe paid 31500 for an SS and 15k for a colour trolleys, canyou explain how thats great? 10 emails to the first 10 galleries on google or a post on here or other forums and theyd have done better. My point isnt driving people to secondary market galleries i was addressing the question of why so many choose the auction route as a seller when the odds are so clearly against the seller. Do you have an issue with secondary market galleries?
Great for buyers and collectors which most on here are, let's not encourage them to go the secondary market galleries ;-) I can only assume you've misread, i was talking about sellers getting poor prices but seeing as youve brought up that in your opinion its great for collectors and buyers its not great for buyers or collectors, someobe paid 31500 for an SS and 15k for a colour trolleys, canyou explain how thats great? 10 emails to the first 10 galleries on google or a post on here or other forums and theyd have done better. My point isnt driving people to secondary market galleries i was addressing the question of why so many choose the auction route as a seller when the odds are so clearly against the seller. Do you have an issue with secondary market galleries? Sorry, misunderstood. Without a doubt, the best way to sell a Banksy is to do your due dilligence and sell privately, failing that, approach a reputable gallerist with a history of sales and a strong client base. I think a LOT of people who have Banksy prints, aren't that aware of the gallery system, secondary market etc. They heard it's worth a lot, someone says hey, that's worth X, you should get it to an auction. I picked up a signed Happy Choppers some years back for what at the time I thought was a steal, after premium, shipping, messing about..it ended up around retail. Haven't bought or sold Banksy prints since. What % do galleries add ? |
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Forum Auctions โข Banksy Marketplace ๐ฌ๐ง, by Castle Gallery NI on Jul 14, 2016 21:50:25 GMT 1, I can only assume you've misread, i was talking about sellers getting poor prices but seeing as youve brought up that in your opinion its great for collectors and buyers its not great for buyers or collectors, someobe paid 31500 for an SS and 15k for a colour trolleys, canyou explain how thats great? 10 emails to the first 10 galleries on google or a post on here or other forums and theyd have done better. My point isnt driving people to secondary market galleries i was addressing the question of why so many choose the auction route as a seller when the odds are so clearly against the seller. Do you have an issue with secondary market galleries? Sorry, misunderstood. Without a doubt, the best way to sell a Banksy is to do your due dilligence and sell privately, failing that, approach a reputable gallerist with a history of sales and a strong client base.
Yes due diligence and looking at all the options, and for relevance it should be taken into consideration the price a gallery will pay rather than hope to achieve given time.
I can only assume you've misread, i was talking about sellers getting poor prices but seeing as youve brought up that in your opinion its great for collectors and buyers its not great for buyers or collectors, someobe paid 31500 for an SS and 15k for a colour trolleys, canyou explain how thats great? 10 emails to the first 10 galleries on google or a post on here or other forums and theyd have done better. My point isnt driving people to secondary market galleries i was addressing the question of why so many choose the auction route as a seller when the odds are so clearly against the seller. Do you have an issue with secondary market galleries? Sorry, misunderstood. Without a doubt, the best way to sell a Banksy is to do your due dilligence and sell privately, failing that, approach a reputable gallerist with a history of sales and a strong client base. Yes due diligence and looking at all the options, and for relevance it should be taken into consideration the price a gallery will pay rather than hope to achieve given time. |
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Reader
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June 2016
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Forum Auctions โข Banksy Marketplace ๐ฌ๐ง, by Reader on Jul 14, 2016 21:53:21 GMT 1, Sorry, misunderstood. Without a doubt, the best way to sell a Banksy is to do your due dilligence and sell privately, failing that, approach a reputable gallerist with a history of sales and a strong client base. Yes due diligence and looking at all the options, and for relevance it should be taken into consideration the price a gallery will pay rather than hope to achieve given time.
Sorry, misunderstood. Without a doubt, the best way to sell a Banksy is to do your due dilligence and sell privately, failing that, approach a reputable gallerist with a history of sales and a strong client base. Yes due diligence and looking at all the options, and for relevance it should be taken into consideration the price a gallery will pay rather than hope to achieve given time. So galleries generally buy outright ? |
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Forum Auctions โข Banksy Marketplace ๐ฌ๐ง, by Castle Gallery NI on Jul 14, 2016 21:57:44 GMT 1, Yes due diligence and looking at all the options, and for relevance it should be taken into consideration the price a gallery will pay rather than hope to achieve given time. So galleries generally buy outright ?
Some do some dont, the point being a relevant price is what someone is willing to pay whether privately or gallery, for example i could say i'll sell a signed love rat for 30k, with an open timescale the price is irrelevant
Yes due diligence and looking at all the options, and for relevance it should be taken into consideration the price a gallery will pay rather than hope to achieve given time. So galleries generally buy outright ? Some do some dont, the point being a relevant price is what someone is willing to pay whether privately or gallery, for example i could say i'll sell a signed love rat for 30k, with an open timescale the price is irrelevant |
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Reader
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Forum Auctions โข Banksy Marketplace ๐ฌ๐ง, by Reader on Jul 14, 2016 22:40:04 GMT 1, So galleries generally buy outright ? Some do some dont, the point being a relevant price is what someone is willing to pay whether privately or gallery, for example i could say i'll sell a signed love rat for 30k, with an open timescale the price is irrelevant
So galleries generally buy outright ? Some do some dont, the point being a relevant price is what someone is willing to pay whether privately or gallery, for example i could say i'll sell a signed love rat for 30k, with an open timescale the price is irrelevant But do you ? or do you offer seller retail minus 10-15 % what's a galleries cut ? |
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A Banksy Auction with only 5 pieces in it. |
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Forum Auctions โข Banksy Marketplace ๐ฌ๐ง, by Castle Gallery NI on Jul 14, 2016 23:19:16 GMT 1, Some do some dont, the point being a relevant price is what someone is willing to pay whether privately or gallery, for example i could say i'll sell a signed love rat for 30k, with an open timescale the price is irrelevant But do you ? or do you offer seller retail minus 10-15 % what's a galleries cut ?
Mostly buy for stock, i do sell on behalf also with sellers i have relationships with or trust in, when selling on behalf i agree a bottom line return price and a retail asking, i take 10% of sale price max and if the sale price is less than agreed bottom return +10% i take less than 10%. What cut do you take with the artists?
Some do some dont, the point being a relevant price is what someone is willing to pay whether privately or gallery, for example i could say i'll sell a signed love rat for 30k, with an open timescale the price is irrelevant But do you ? or do you offer seller retail minus 10-15 % what's a galleries cut ? Mostly buy for stock, i do sell on behalf also with sellers i have relationships with or trust in, when selling on behalf i agree a bottom line return price and a retail asking, i take 10% of sale price max and if the sale price is less than agreed bottom return +10% i take less than 10%. What cut do you take with the artists? |
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Reader
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Forum Auctions โข Banksy Marketplace ๐ฌ๐ง, by Reader on Jul 14, 2016 23:23:49 GMT 1, But do you ? or do you offer seller retail minus 10-15 % what's a galleries cut ? Mostly buy for stock, i do sell on behalf also with sellers i have relationships with or trust in, when selling on behalf i agree a bottom line return price and a retail asking, i take 10% of sale price max and if the sale price is agreed bottom return +10% i take less than 10%. What cut do you take with the artists?
But do you ? or do you offer seller retail minus 10-15 % what's a galleries cut ? Mostly buy for stock, i do sell on behalf also with sellers i have relationships with or trust in, when selling on behalf i agree a bottom line return price and a retail asking, i take 10% of sale price max and if the sale price is agreed bottom return +10% i take less than 10%. What cut do you take with the artists? Cheers. It varies from artist to artist really, but it's usually 60/40 in the artists favour. Prints are usually 50/50 after print costs. |
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Forum Auctions โข Banksy Marketplace ๐ฌ๐ง, by Castle Gallery NI on Jul 14, 2016 23:25:57 GMT 1, Mostly buy for stock, i do sell on behalf also with sellers i have relationships with or trust in, when selling on behalf i agree a bottom line return price and a retail asking, i take 10% of sale price max and if the sale price is agreed bottom return +10% i take less than 10%. What cut do you take with the artists? Cheers. It varies from artist to artist but the gallery usually takes 60/40 in the artists favour. Prints are usually 50/50 after print costs.ย
Thats the same % i work on with the artists i deal directly with..
Mostly buy for stock, i do sell on behalf also with sellers i have relationships with or trust in, when selling on behalf i agree a bottom line return price and a retail asking, i take 10% of sale price max and if the sale price is agreed bottom return +10% i take less than 10%. What cut do you take with the artists? Cheers. It varies from artist to artist but the gallery usually takes 60/40 in the artists favour. Prints are usually 50/50 after print costs.ย Thats the same % i work on with the artists i deal directly with.. |
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Deleted
๐จ๏ธ 0
๐๐ป
January 1970
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Forum Auctions โข Banksy Marketplace ๐ฌ๐ง, by Deleted on Jul 15, 2016 8:33:45 GMT 1, Cheers. It varies from artist to artist but the gallery usually takes 60/40 in the artists favour. Prints are usually 50/50 after print costs. Thats the same % i work on with the artists i deal directly with..
Regarding the prices achived at auction. The hammer price is not the actual price as if it includes tax, seller and buyer fees . The real selling prices is what the seller got.
If a seller on here or gallery is asking the same price that was achieved at auction including the buying and selling fees etc it seems chancy.
There again a gellery or dealer dosn't have to stick with any auction prices, if a buyer comes along who is willing to pay a lot more, i'm sure they won't tell the buyer but the highest auction price was a lot less.
I think the reason that some collectors etc consign to auction is because they feel safe.
Finding a good dealer or gallery today is not easy and many do not feel secure that a gallery doesn't have undisclosed debts or a dealer won't run off with their print and money.
It has happened a few times.
Plus there are also dealers middle men who ask a seller what is the lowest price they will take and instead of taking a percentage they just massively increase the price to potential buyers trying their luck either direct or online and if unsucessful just tell the seller, sorry I couldn't find the buyer.
These people are unfortunately very common when it comes to selling other peoples stuff.
Cheers. It varies from artist to artist but the gallery usually takes 60/40 in the artists favour. Prints are usually 50/50 after print costs. Thats the same % i work on with the artists i deal directly with.. Hence the massive pushing of some artists on this forum. It's a business after all first and about the art second. Regarding the prices achived at auction. The hammer price is not the actual price as if it includes tax, seller and buyer fees . The real selling prices is what the seller got. If a seller on here or gallery is asking the same price that was achieved at auction including the buying and selling fees etc it seems chancy. There again a gellery or dealer dosn't have to stick with any auction prices, if a buyer comes along who is willing to pay a lot more, i'm sure they won't tell the buyer but the highest auction price was a lot less. I think the reason that some collectors etc consign to auction is because they feel safe. Finding a good dealer or gallery today is not easy and many do not feel secure that a gallery doesn't have undisclosed debts or a dealer won't run off with their print and money. It has happened a few times. Plus there are also dealers middle men who ask a seller what is the lowest price they will take and instead of taking a percentage they just massively increase the price to potential buyers trying their luck either direct or online and if unsucessful just tell the seller, sorry I couldn't find the buyer. These people are unfortunately very common when it comes to selling other peoples stuff. |
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Deleted
๐จ๏ธ 0
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January 1970
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Forum Auctions โข Banksy Marketplace ๐ฌ๐ง, by Deleted on Jul 15, 2016 9:10:32 GMT 1, Forget all that..... This auction takes place on my birthday, if people are wondering what to get me, i fancy the rat 
Cheers!
Forget all that..... This auction takes place on my birthday, if people are wondering what to get me, i fancy the rat Cheers! |
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Forum Auctions โข Banksy Marketplace ๐ฌ๐ง, by Castle Gallery NI on Jul 15, 2016 9:24:04 GMT 1, Thats the same % i work on with the artists i deal directly with.. ย Hence the massive pushing of some artists on this forum. It's a business after all first and about the art second. ย Regarding the prices achived at auction. The hammer price is not the actual price as if it includes tax, seller and buyer fees . The real selling prices is what the seller got. ย If a seller on here or gallery is asking the same price that was achieved at auction including the buying and selling fees etc it seems chancy. There again a gellery or dealer dosn't have to stick with any auction prices, if a buyer comes along who is willing to pay a lot more, i'm sure they won't tell the buyer but the highest auction price was a lot less. ย ย I think the reason that some collectors etc consign to auction is because they feel safe. Finding a good dealer or gallery today is not easy and many do not feel secure that a gallery doesn't have undisclosed debts or a dealer won't run off with their print and money. It has happened a few times. ย Plus there are also dealers middle men who ask a seller what is the lowest price they will take and instead of taking a percentage they just massively increase the price to potential buyers trying their luck either direct or online and if unsucessful just tell the seller, sorry I couldn't find the buyer. ย These people are unfortunately very common when it comes to selling other peoples stuff.
If you reread i was talking about what sellers acheive when they sell Banksy through other avenues rather than consign to auction, theres no reason for a seller to feel safer when consigning to an auction, when they sell theres no risk for the seller, they have the goods and dont release until its paid for.
Thats the same % i work on with the artists i deal directly with.. ย Hence the massive pushing of some artists on this forum. It's a business after all first and about the art second. ย Regarding the prices achived at auction. The hammer price is not the actual price as if it includes tax, seller and buyer fees . The real selling prices is what the seller got. ย If a seller on here or gallery is asking the same price that was achieved at auction including the buying and selling fees etc it seems chancy. There again a gellery or dealer dosn't have to stick with any auction prices, if a buyer comes along who is willing to pay a lot more, i'm sure they won't tell the buyer but the highest auction price was a lot less. ย ย I think the reason that some collectors etc consign to auction is because they feel safe. Finding a good dealer or gallery today is not easy and many do not feel secure that a gallery doesn't have undisclosed debts or a dealer won't run off with their print and money. It has happened a few times. ย Plus there are also dealers middle men who ask a seller what is the lowest price they will take and instead of taking a percentage they just massively increase the price to potential buyers trying their luck either direct or online and if unsucessful just tell the seller, sorry I couldn't find the buyer. ย These people are unfortunately very common when it comes to selling other peoples stuff. If you reread i was talking about what sellers acheive when they sell Banksy through other avenues rather than consign to auction, theres no reason for a seller to feel safer when consigning to an auction, when they sell theres no risk for the seller, they have the goods and dont release until its paid for. |
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Deleted
๐จ๏ธ 0
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January 1970
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Forum Auctions โข Banksy Marketplace ๐ฌ๐ง, by Deleted on Jul 15, 2016 9:40:58 GMT 1, Hence the massive pushing of some artists on this forum. It's a business after all first and about the art second. Regarding the prices achived at auction. The hammer price is not the actual price as if it includes tax, seller and buyer fees . The real selling prices is what the seller got. If a seller on here or gallery is asking the same price that was achieved at auction including the buying and selling fees etc it seems chancy. There again a gellery or dealer dosn't have to stick with any auction prices, if a buyer comes along who is willing to pay a lot more, i'm sure they won't tell the buyer but the highest auction price was a lot less. I think the reason that some collectors etc consign to auction is because they feel safe. Finding a good dealer or gallery today is not easy and many do not feel secure that a gallery doesn't have undisclosed debts or a dealer won't run off with their print and money. It has happened a few times. Plus there are also dealers middle men who ask a seller what is the lowest price they will take and instead of taking a percentage they just massively increase the price to potential buyers trying their luck either direct or online and if unsucessful just tell the seller, sorry I couldn't find the buyer. These people are unfortunately very common when it comes to selling other peoples stuff. If you reread i was talking about what sellers acheive when they sell Banksy through other avenues rather than consign to auction, theres no reason for a seller to feel safer when consigning to an auction, when they sell theres no risk for the seller, they have the goods and dont release until its paid for.
I was meaning about others who set themselves up as middle men brokers online galleries etc.
Maybe some sellers consign to auction hoping for a record sale price?
Hence the massive pushing of some artists on this forum. It's a business after all first and about the art second. Regarding the prices achived at auction. The hammer price is not the actual price as if it includes tax, seller and buyer fees . The real selling prices is what the seller got. If a seller on here or gallery is asking the same price that was achieved at auction including the buying and selling fees etc it seems chancy. There again a gellery or dealer dosn't have to stick with any auction prices, if a buyer comes along who is willing to pay a lot more, i'm sure they won't tell the buyer but the highest auction price was a lot less. I think the reason that some collectors etc consign to auction is because they feel safe. Finding a good dealer or gallery today is not easy and many do not feel secure that a gallery doesn't have undisclosed debts or a dealer won't run off with their print and money. It has happened a few times. Plus there are also dealers middle men who ask a seller what is the lowest price they will take and instead of taking a percentage they just massively increase the price to potential buyers trying their luck either direct or online and if unsucessful just tell the seller, sorry I couldn't find the buyer. These people are unfortunately very common when it comes to selling other peoples stuff. If you reread i was talking about what sellers acheive when they sell Banksy through other avenues rather than consign to auction, theres no reason for a seller to feel safer when consigning to an auction, when they sell theres no risk for the seller, they have the goods and dont release until its paid for. I agree and also know that you are a gallery and person who does everything correct and potential sellers are in safe hands. I was meaning about others who set themselves up as middle men brokers online galleries etc. Maybe some sellers consign to auction hoping for a record sale price? |
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Deleted
๐จ๏ธ 0
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January 1970
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Forum Auctions โข Banksy Marketplace ๐ฌ๐ง, by Deleted on Jul 15, 2016 9:45:29 GMT 1, I get the feeling that some of the lesser known auction houses jump on the lets have a Banksy and street art auction to generate publicity for their auction house.
I get the feeling that some of the lesser known auction houses jump on the lets have a Banksy and street art auction to generate publicity for their auction house.
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Forum Auctions โข Banksy Marketplace ๐ฌ๐ง, by Castle Gallery NI on Jul 15, 2016 9:58:43 GMT 1, If you reread i was talking about what sellers acheive when they sell Banksy through other avenues rather than consign to auction, theres no reason for a seller to feel safer when consigning to an auction, when they sell theres no risk for the seller, they have the goods and dont release until its paid for. ย I agree and also know that you are a gallery and person who does everything correct and potential sellers are in safe hands. I was meaning about others who set themselves up as middle men brokers online galleries etc. Maybe some sellers consign to auction hoping for a record sale price?
like all things theres a mixture, some very good professional middlemen and some not so much. Yes i think youre right, a lot prob do consign hoping for the record sale and it is understandable, a roll of the dice, at times it pays off. I guess theres multiple reasons, perhaps they tried the gallery route without success of a sale or its maybe an easier route, theres a strong chance a sale will happen as the major auction houses have a much larger client base than galleries. Many sellers just dont want the hassle of selling privately and if consigning with a gallery the timescale of sale isnt set, with auction theres a set date and more than likely sale. I guess theres a lot of changable factors for each seller.
If you reread i was talking about what sellers acheive when they sell Banksy through other avenues rather than consign to auction, theres no reason for a seller to feel safer when consigning to an auction, when they sell theres no risk for the seller, they have the goods and dont release until its paid for. ย I agree and also know that you are a gallery and person who does everything correct and potential sellers are in safe hands. I was meaning about others who set themselves up as middle men brokers online galleries etc. Maybe some sellers consign to auction hoping for a record sale price? like all things theres a mixture, some very good professional middlemen and some not so much. Yes i think youre right, a lot prob do consign hoping for the record sale and it is understandable, a roll of the dice, at times it pays off. I guess theres multiple reasons, perhaps they tried the gallery route without success of a sale or its maybe an easier route, theres a strong chance a sale will happen as the major auction houses have a much larger client base than galleries. Many sellers just dont want the hassle of selling privately and if consigning with a gallery the timescale of sale isnt set, with auction theres a set date and more than likely sale. I guess theres a lot of changable factors for each seller. |
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Deleted
๐จ๏ธ 0
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January 1970
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Forum Auctions โข Banksy Marketplace ๐ฌ๐ง, by Deleted on Jul 15, 2016 10:05:24 GMT 1, I agree and also know that you are a gallery and person who does everything correct and potential sellers are in safe hands. I was meaning about others who set themselves up as middle men brokers online galleries etc. Maybe some sellers consign to auction hoping for a record sale price? like all things theres a mixture, some very good professional middlemen and some not so much. Yes i think youre right, a lot prob do consign hoping for the record sale and it is understandable, a roll of the dice, at times it pays off. I guess theres multiple reasons, perhaps they tried the gallery route without success of a sale or its maybe an easier route, theres a strong chance a sale will happen as the major auction houses have a much larger client base than galleries. Many sellers just dont want the hassle of selling privately and if consigning with a gallery the timescale of sale isnt set, with auction theres a set date and more than likely sale. I guess theres a lot of changable factors for each seller.
I do not think there are many Banksy experts working at auction houses as these people tend to specialise in a bit of everything of a certain era and genre.
Banksy is current.
It's even more difficult if one has an old master or similar and has to trust the word of some guy who says they are an expert who works at an auction house.
I agree and also know that you are a gallery and person who does everything correct and potential sellers are in safe hands. I was meaning about others who set themselves up as middle men brokers online galleries etc. Maybe some sellers consign to auction hoping for a record sale price? like all things theres a mixture, some very good professional middlemen and some not so much. Yes i think youre right, a lot prob do consign hoping for the record sale and it is understandable, a roll of the dice, at times it pays off. I guess theres multiple reasons, perhaps they tried the gallery route without success of a sale or its maybe an easier route, theres a strong chance a sale will happen as the major auction houses have a much larger client base than galleries. Many sellers just dont want the hassle of selling privately and if consigning with a gallery the timescale of sale isnt set, with auction theres a set date and more than likely sale. I guess theres a lot of changable factors for each seller. I think with Banksy etc. Banksy prices are more or less set in stone today it probably is better to approach a reputable gallery who has clients wanting to buy. I do not think there are many Banksy experts working at auction houses as these people tend to specialise in a bit of everything of a certain era and genre. Banksy is current. It's even more difficult if one has an old master or similar and has to trust the word of some guy who says they are an expert who works at an auction house. |
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Pattycakes
Junior Member
๐จ๏ธ 1,379
๐๐ป 423
June 2007
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Forum Auctions โข Banksy Marketplace ๐ฌ๐ง, by Pattycakes on Jul 16, 2016 22:57:19 GMT 1, It's a new Auction House to be sure but the people running it are quite well known 
It's a new Auction House to be sure but the people running it are quite well known |
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Dungle
Junior Member
๐จ๏ธ 4,008
๐๐ป 5,174
June 2011
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Forum Auctions โข Banksy Marketplace ๐ฌ๐ง, by Dungle on Jul 30, 2016 19:34:19 GMT 1, 
Advertised in the FT this weekend. Blue chip Banksy
Advertised in the FT this weekend. Blue chip Banksy |
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.dappy
Full Member
๐จ๏ธ 9,841
๐๐ป 9,462
December 2010
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Forum Auctions โข Banksy Marketplace ๐ฌ๐ง, by .dappy on Jul 30, 2016 19:50:02 GMT 1, It's a new Auction House to be sure but the people running it are quite well knownย
It's a new Auction House to be sure but the people running it are quite well knownย ... I think Dido should have her photo retaken! ... |
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Forum Auctions โข Banksy Marketplace ๐ฌ๐ง, by Castle Gallery NI on Jul 30, 2016 20:09:09 GMT 1, A Banksy Auction with only 5 pieces in it.
Alot to come apparently, website says
"The sale will offer the full catalogue of Banksy's published editions"
A Banksy Auction with only 5 pieces in it. Alot to come apparently, website says "The sale will offer the full catalogue of Banksy's published editions" |
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Deleted
๐จ๏ธ 0
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January 1970
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Forum Auctions โข Banksy Marketplace ๐ฌ๐ง, by Deleted on Jul 30, 2016 20:51:52 GMT 1, It's a new Auction House to be sure but the people running it are quite well known ... I think Dido should have her photo retaken! ...
That was funny
It's a new Auction House to be sure but the people running it are quite well known ... I think Dido should have her photo retaken! ... That was funny |
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