lollo88
New Member
Posts โข 961
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January 2015
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Are we in an Art Market Bubble?, by lollo88 on Sept 13, 2023 8:54:09 GMT 1, Almost one year after: how is the bubble looking now?
Almost one year after: how is the bubble looking now?
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orchid
Junior Member
Posts โข 1,450
Likes โข 1,135
May 2018
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Are we in an Art Market Bubble?, by orchid on Oct 30, 2023 11:16:38 GMT 1, Almost one year after: how is the bubble looking now?
There is a correction happening, I think the ultra contemporary speculation bubble has started to burst for certain artist, but overall there's a slight softening due to external factors. The November New York auctions will be a good barometer.
Almost one year after: how is the bubble looking now? There is a correction happening, I think the ultra contemporary speculation bubble has started to burst for certain artist, but overall there's a slight softening due to external factors. The November New York auctions will be a good barometer.
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topper
New Member
Posts โข 261
Likes โข 386
February 2023
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Are we in an Art Market Bubble?, by topper on Oct 30, 2023 11:42:42 GMT 1, Agree with this. A correction is occurring, as happens when any market gets bloated. Some of those purchases we all made start to look 'questionable'.
However contemporary and street art (certain artists in particular) have become ingrained in our culture and are already pat of our history. This year I was in a remote taverna in Greece and the local girl that worked there had a GWB tattoo.
Your Banksy's and Hirsts are safe. Others, not so much.
Agree with this. A correction is occurring, as happens when any market gets bloated. Some of those purchases we all made start to look 'questionable'.
However contemporary and street art (certain artists in particular) have become ingrained in our culture and are already pat of our history. This year I was in a remote taverna in Greece and the local girl that worked there had a GWB tattoo.
Your Banksy's and Hirsts are safe. Others, not so much.
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nobokov
Junior Member
Posts โข 4,869
Likes โข 6,778
February 2016
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Are we in an Art Market Bubble?, by nobokov on Oct 30, 2023 15:36:08 GMT 1, Agree with this. A correction is occurring, as happens when any market gets bloated. Some of those purchases we all made start to look 'questionable'. However contemporary and street art (certain artists in particular) have become ingrained in our culture and are already pat of our history. This year I was in a remote taverna in Greece and the local girl that worked there had a GWB tattoo. Your Banksy's and Hirsts are safe. Others, not so much. Banksy's stuff is getting passed at auction after auction. He's not blue chip unfortunately for many on here. The only safe one is Girl with balloon.
Agree with this. A correction is occurring, as happens when any market gets bloated. Some of those purchases we all made start to look 'questionable'. However contemporary and street art (certain artists in particular) have become ingrained in our culture and are already pat of our history. This year I was in a remote taverna in Greece and the local girl that worked there had a GWB tattoo. Your Banksy's and Hirsts are safe. Others, not so much. Banksy's stuff is getting passed at auction after auction. He's not blue chip unfortunately for many on here. The only safe one is Girl with balloon.
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Are we in an Art Market Bubble?, by The Italian One on Oct 30, 2023 15:40:25 GMT 1, Agree with this. A correction is occurring, as happens when any market gets bloated. Some of those purchases we all made start to look 'questionable'. However contemporary and street art (certain artists in particular) have become ingrained in our culture and are already pat of our history. This year I was in a remote taverna in Greece and the local girl that worked there had a GWB tattoo. Your Banksy's and Hirsts are safe. Others, not so much. Banksy's stuff is getting passed at auction after auction. He's not blue chip unfortunately for many on here. The only safe one is Girl with balloon. im not worried about banksy, soon or later he will recover well.
Hirst is different, too many editions not sure if editions will hold well
Agree with this. A correction is occurring, as happens when any market gets bloated. Some of those purchases we all made start to look 'questionable'. However contemporary and street art (certain artists in particular) have become ingrained in our culture and are already pat of our history. This year I was in a remote taverna in Greece and the local girl that worked there had a GWB tattoo. Your Banksy's and Hirsts are safe. Others, not so much. Banksy's stuff is getting passed at auction after auction. He's not blue chip unfortunately for many on here. The only safe one is Girl with balloon. im not worried about banksy, soon or later he will recover well. Hirst is different, too many editions not sure if editions will hold well
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Jonas B
Junior Member
Posts โข 1,442
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February 2021
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Are we in an Art Market Bubble?, by Jonas B on Oct 30, 2023 16:03:29 GMT 1, Banksy will recover at some point but it could be 10+ years if youโre happy to wait.
Banksy will recover at some point but it could be 10+ years if youโre happy to wait.
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orchid
Junior Member
Posts โข 1,450
Likes โข 1,135
May 2018
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Are we in an Art Market Bubble?, by orchid on Oct 30, 2023 16:09:34 GMT 1, People move to relatively more safe havens of Picasso, Warhol, Hockney etc
People move to relatively more safe havens of Picasso, Warhol, Hockney etc
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Display_arts
New Member
Posts โข 90
Likes โข 43
December 2021
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Are we in an Art Market Bubble?, by Display_arts on Oct 30, 2023 16:20:04 GMT 1, Look how old the threat is and it comes alive again and again. The art market has ups and downs and currently everything everywhere is more likely to go down. It doesnยดt matter to the pieces you buy because you like and gives you opportunity to buy other things you liked but couldnt afford but now get a nice discout. It will surely go up again
Look how old the threat is and it comes alive again and again. The art market has ups and downs and currently everything everywhere is more likely to go down. It doesnยดt matter to the pieces you buy because you like and gives you opportunity to buy other things you liked but couldnt afford but now get a nice discout. It will surely go up again
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topper
New Member
Posts โข 261
Likes โข 386
February 2023
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Are we in an Art Market Bubble?, by topper on Oct 30, 2023 16:31:30 GMT 1, Agree with this. A correction is occurring, as happens when any market gets bloated. Some of those purchases we all made start to look 'questionable'. However contemporary and street art (certain artists in particular) have become ingrained in our culture and are already pat of our history. This year I was in a remote taverna in Greece and the local girl that worked there had a GWB tattoo. Your Banksy's and Hirsts are safe. Others, not so much. Banksy's stuff is getting passed at auction after auction. He's not blue chip unfortunately for many on here. The only safe one is Girl with balloon. His work may get passed at auction. But it can be at x100 it's release price.
People came from all over the world to his latest exhibition. Newspapers sell endless copies, just from an advertisement. These pages go nuts just at a set of stamps.
He's as blue chip as any living artist IMO.
Agree with this. A correction is occurring, as happens when any market gets bloated. Some of those purchases we all made start to look 'questionable'. However contemporary and street art (certain artists in particular) have become ingrained in our culture and are already pat of our history. This year I was in a remote taverna in Greece and the local girl that worked there had a GWB tattoo. Your Banksy's and Hirsts are safe. Others, not so much. Banksy's stuff is getting passed at auction after auction. He's not blue chip unfortunately for many on here. The only safe one is Girl with balloon. His work may get passed at auction. But it can be at x100 it's release price. People came from all over the world to his latest exhibition. Newspapers sell endless copies, just from an advertisement. These pages go nuts just at a set of stamps. He's as blue chip as any living artist IMO.
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Winter
Junior Member
Posts โข 7,139
Likes โข 4,444
March 2007
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Are we in an Art Market Bubble?, by Winter on Oct 30, 2023 17:46:39 GMT 1, I'd say blue chip when it comes to unique originals. That's what major collectors want.
I'd say blue chip when it comes to unique originals. That's what major collectors want.
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Are we in an Art Market Bubble?, by Jeezuz Jones Snr on Oct 30, 2023 23:01:53 GMT 1, So many sales threads on this forum of late, I think people are realising it's continuing to fall and are cutting their loses. I saw the other week an original by an artist I have liked for years,.selling for ยฃ4k. It would have been 8 or 9k from the gallery show.
As I have said previously (few years ago on this thread), I believe Banksy will rebound as he always does due to supply and demand and the fact he has (although it's fecking painful!) Pest control in place to control the fakes and authenticity..
So many sales threads on this forum of late, I think people are realising it's continuing to fall and are cutting their loses. I saw the other week an original by an artist I have liked for years,.selling for ยฃ4k. It would have been 8 or 9k from the gallery show.
As I have said previously (few years ago on this thread), I believe Banksy will rebound as he always does due to supply and demand and the fact he has (although it's fecking painful!) Pest control in place to control the fakes and authenticity..
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ozmataz
New Member
Posts โข 46
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February 2016
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Blue
New Member
Posts โข 293
Likes โข 339
September 2021
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Are we in an Art Market Bubble?, by Blue on Dec 8, 2023 14:00:41 GMT 1, Yeah read it a couple of months ago. The market is undoubtably having a rather dramatic correction, especially after the lofty cash flowing highs during the pandemic.
My question is; are we looking at a sharp and short kick to the nutsack with a quick recovery like in 2008, or a long grinding and protracted recovery like after the 1990 crash?
Yeah read it a couple of months ago. The market is undoubtably having a rather dramatic correction, especially after the lofty cash flowing highs during the pandemic. My question is; are we looking at a sharp and short kick to the nutsack with a quick recovery like in 2008, or a long grinding and protracted recovery like after the 1990 crash?
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Are we in an Art Market Bubble?, by Jules Leotard on Dec 9, 2023 6:31:52 GMT 1, Yeah read it a couple of months ago. The market is undoubtably having a rather dramatic correction, especially after the lofty cash flowing highs during the pandemic. My question is; are we looking at a sharp and short kick to the nutsack with a quick recovery like in 2008, or a long grinding and protracted recovery like after the 1990 crash? Long-protracted grind like few or none that has been seen before in my low and humble opinion. You see how much of a hit the art market has taken in the last year (plus a bit)? Realize that western stock markets are all within a hair of their all-time highs, real estate and most 'real' property asset classes (gold, silver, etc.) haven't given up any ground, silly bitcoin has been on a six-month tear, and so on and so forth. There is money out there, but anyone (with any common sense) can feel that there is a storm on the horizon. Add to that we are cusping on a seismic generational transfer of wealth (as the baby boomers exit) while the prices of most everyday items have gone through the historical roof. Guess who actually 'owns' their stuff (houses without debt, collectibles, cars, art, precious metals, etc - the baby boomers)?
Example (with no data to back it up): The Baby Boom generation owns 75% of all classic cars. When a car that usually has 20-30 nice examples go on the market annually suddenly starts seeing 100 - 200 (or more) start to show up for sale each year, the value will plummet. This scenario should work its way through pretty much every asset class.
Another bit of panic is caused by real estate prices. A millennial that came out of school and landed a decent job might have been dropping cash on art for their apartment and suddenly they are realizing, I don't want to be in an apartment forever, so they have dropped their habit/ hobby of rushing into art purchases. That museum-framed Banksy isn't going to keep the rain off your head (and completely forget about the second-tier artists who are printing a giclee off of the HP and signing them). Consumer debt is also at a historical high. There will be a point where people run out of money they can access (I guess they could pick up a third or fourth job OR they could get smart and stop spending money).
My .03
I think the equity markets will trend down in about 7-10 days and after Christmas/ New Year, companies will start issuing earning warnings in early to mid-January, earnings will be below expectations, and they will continue to slowly talk the market down going toward the spring/summer. The only bit that goes against this in my head is that they usually don't let the US markets falter all that much going into an election year.
Yeah read it a couple of months ago. The market is undoubtably having a rather dramatic correction, especially after the lofty cash flowing highs during the pandemic. My question is; are we looking at a sharp and short kick to the nutsack with a quick recovery like in 2008, or a long grinding and protracted recovery like after the 1990 crash? Long-protracted grind like few or none that has been seen before in my low and humble opinion. You see how much of a hit the art market has taken in the last year (plus a bit)? Realize that western stock markets are all within a hair of their all-time highs, real estate and most 'real' property asset classes (gold, silver, etc.) haven't given up any ground, silly bitcoin has been on a six-month tear, and so on and so forth. There is money out there, but anyone (with any common sense) can feel that there is a storm on the horizon. Add to that we are cusping on a seismic generational transfer of wealth (as the baby boomers exit) while the prices of most everyday items have gone through the historical roof. Guess who actually 'owns' their stuff (houses without debt, collectibles, cars, art, precious metals, etc - the baby boomers)?
Example (with no data to back it up): The Baby Boom generation owns 75% of all classic cars. When a car that usually has 20-30 nice examples go on the market annually suddenly starts seeing 100 - 200 (or more) start to show up for sale each year, the value will plummet. This scenario should work its way through pretty much every asset class.
Another bit of panic is caused by real estate prices. A millennial that came out of school and landed a decent job might have been dropping cash on art for their apartment and suddenly they are realizing, I don't want to be in an apartment forever, so they have dropped their habit/ hobby of rushing into art purchases. That museum-framed Banksy isn't going to keep the rain off your head (and completely forget about the second-tier artists who are printing a giclee off of the HP and signing them). Consumer debt is also at a historical high. There will be a point where people run out of money they can access (I guess they could pick up a third or fourth job OR they could get smart and stop spending money).
My .03
I think the equity markets will trend down in about 7-10 days and after Christmas/ New Year, companies will start issuing earning warnings in early to mid-January, earnings will be below expectations, and they will continue to slowly talk the market down going toward the spring/summer. The only bit that goes against this in my head is that they usually don't let the US markets falter all that much going into an election year.
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J0NNY
Junior Member
Posts โข 1,027
Likes โข 692
December 2014
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Are we in an Art Market Bubble?, by J0NNY on Dec 9, 2023 8:03:50 GMT 1, Yeah read it a couple of months ago. The market is undoubtably having a rather dramatic correction, especially after the lofty cash flowing highs during the pandemic. My question is; are we looking at a sharp and short kick to the nutsack with a quick recovery like in 2008, or a long grinding and protracted recovery like after the 1990 crash? Long-protracted grind like few or none that has been seen before in my low and humble opinion. You see how much of a hit the art market has taken in the last year (plus a bit)? Realize that western stock markets are all within a hair of their all-time highs, real estate and most 'real' property asset classes (gold, silver, etc.) haven't given up any ground, silly bitcoin has been on a six-month tear, and so on and so forth. There is money out there, but anyone (with any common sense) can feel that there is a storm on the horizon. Add to that we are cusping on a seismic generational transfer of wealth (as the baby boomers exit) while the prices of most everyday items have gone through the historical roof. Guess who actually 'owns' their stuff (houses without debt, collectibles, cars, art, precious metals, etc - the baby boomers)?
Example (with no data to back it up): The Baby Boom generation owns 75% of all classic cars. When a car that usually has 20-30 nice examples go on the market annually suddenly starts seeing 100 - 200 (or more) start to show up for sale each year, the value will plummet. This scenario should work its way through pretty much every asset class.
Another bit of panic is caused by real estate prices. A millennial that came out of school and landed a decent job might have been dropping cash on art for their apartment and suddenly they are realizing, I don't want to be in an apartment forever, so they have dropped their habit/ hobby of rushing into art purchases. That museum-framed Banksy isn't going to keep the rain off your head (and completely forget about the second-tier artists who are printing a giclee off of the HP and signing them). Consumer debt is also at a historical high. There will be a point where people run out of money they can access (I guess they could pick up a third or fourth job OR they could get smart and stop spending money).
My .03
I think the equity markets will trend down in about 7-10 days and after Christmas/ New Year, companies will start issuing earning warnings in early to mid-January, earnings will be below expectations, and they will continue to slowly talk the market down going toward the spring/summer. The only bit that goes against this in my head is that they usually don't let the US markets falter all that much going into an election year.
Of course the art market is going to crash as it went way higher than it ever should, due in part of the increasing popularity of art in the younger generation, but mainly because of the absolute money laundering scramble of the crypto and NFT markets of the last few years allowed people to create an artificial market by using these gains and buying into physical items at values way higher than they were worth. As soon as the tax man in most countries tightened the belt, the value dipped hard on the crypto/Nft train. The sneaker market and The art market was the first to take the big hits & I do think Watches will be the next to feel the pain, will be nice to be able to buy a decent watch at retail again, it should put a few of the salespeople back down into reality. I do not think the worldโs going to end financially though. Maybe if you went out and hyperextended yourself with a huge mortgage and a new car on tick you should be a little worried, but otherwise it might not be a lavish few years although I donโt think itโs going to be hugely devastating.
Yeah read it a couple of months ago. The market is undoubtably having a rather dramatic correction, especially after the lofty cash flowing highs during the pandemic. My question is; are we looking at a sharp and short kick to the nutsack with a quick recovery like in 2008, or a long grinding and protracted recovery like after the 1990 crash? Long-protracted grind like few or none that has been seen before in my low and humble opinion. You see how much of a hit the art market has taken in the last year (plus a bit)? Realize that western stock markets are all within a hair of their all-time highs, real estate and most 'real' property asset classes (gold, silver, etc.) haven't given up any ground, silly bitcoin has been on a six-month tear, and so on and so forth. There is money out there, but anyone (with any common sense) can feel that there is a storm on the horizon. Add to that we are cusping on a seismic generational transfer of wealth (as the baby boomers exit) while the prices of most everyday items have gone through the historical roof. Guess who actually 'owns' their stuff (houses without debt, collectibles, cars, art, precious metals, etc - the baby boomers)?
Example (with no data to back it up): The Baby Boom generation owns 75% of all classic cars. When a car that usually has 20-30 nice examples go on the market annually suddenly starts seeing 100 - 200 (or more) start to show up for sale each year, the value will plummet. This scenario should work its way through pretty much every asset class.
Another bit of panic is caused by real estate prices. A millennial that came out of school and landed a decent job might have been dropping cash on art for their apartment and suddenly they are realizing, I don't want to be in an apartment forever, so they have dropped their habit/ hobby of rushing into art purchases. That museum-framed Banksy isn't going to keep the rain off your head (and completely forget about the second-tier artists who are printing a giclee off of the HP and signing them). Consumer debt is also at a historical high. There will be a point where people run out of money they can access (I guess they could pick up a third or fourth job OR they could get smart and stop spending money).
My .03
I think the equity markets will trend down in about 7-10 days and after Christmas/ New Year, companies will start issuing earning warnings in early to mid-January, earnings will be below expectations, and they will continue to slowly talk the market down going toward the spring/summer. The only bit that goes against this in my head is that they usually don't let the US markets falter all that much going into an election year.
Of course the art market is going to crash as it went way higher than it ever should, due in part of the increasing popularity of art in the younger generation, but mainly because of the absolute money laundering scramble of the crypto and NFT markets of the last few years allowed people to create an artificial market by using these gains and buying into physical items at values way higher than they were worth. As soon as the tax man in most countries tightened the belt, the value dipped hard on the crypto/Nft train. The sneaker market and The art market was the first to take the big hits & I do think Watches will be the next to feel the pain, will be nice to be able to buy a decent watch at retail again, it should put a few of the salespeople back down into reality. I do not think the worldโs going to end financially though. Maybe if you went out and hyperextended yourself with a huge mortgage and a new car on tick you should be a little worried, but otherwise it might not be a lavish few years although I donโt think itโs going to be hugely devastating.
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Are we in an Art Market Bubble?, by Jules Leotard on Dec 9, 2023 21:40:09 GMT 1, The sneaker market and The art market was the first to take the big hits & I do think Watches will be the next to feel the pain, will be nice to be able to buy a decent watch at retail again, it should put a few of the salespeople back down into reality. I do not think the worldโs going to end financially though. Maybe if you went out and hyperextended yourself with a huge mortgage and a new car on tick you should be a little worried, but otherwise it might not be a lavish few years although I donโt think itโs going to be hugely devastating. These two bits...bringing prices back to reality and lack of devastation. I agree with both, but there is the sharp end of the blade on the second part for some. You're here on this forum and 'collect'. This means that you have surplus income or reserves. The markets 'shake-up' for the positively-positioned will provide opportunities, but for the less well-healed and the over-extended, there will be some level of devastation.
The sneaker market and The art market was the first to take the big hits & I do think Watches will be the next to feel the pain, will be nice to be able to buy a decent watch at retail again, it should put a few of the salespeople back down into reality. I do not think the worldโs going to end financially though. Maybe if you went out and hyperextended yourself with a huge mortgage and a new car on tick you should be a little worried, but otherwise it might not be a lavish few years although I donโt think itโs going to be hugely devastating. These two bits...bringing prices back to reality and lack of devastation. I agree with both, but there is the sharp end of the blade on the second part for some. You're here on this forum and 'collect'. This means that you have surplus income or reserves. The markets 'shake-up' for the positively-positioned will provide opportunities, but for the less well-healed and the over-extended, there will be some level of devastation.
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LJCal
Junior Member
Posts โข 2,818
Likes โข 4,225
Member is Online
December 2019
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Are we in an Art Market Bubble?, by LJCal on Dec 10, 2023 1:06:09 GMT 1, Sorry but at this point I don't think anyone can reliably predict where markets will be in 12 months time, too many variables. You can give fantastic rational, analyse data and trends until the cows come home and still be completely wrong. For me the decline in the art market is primarily down to fiscal tightening through a decrease in money supply and rising interest rates, a reversal of this will of course change the outlook for most markets.
The markets are betting on lower interest rates and falling in inflation albeit a fairly modest fall over the next 12 months, with rates at around 4.5% by end of 24, read into that what you will, but....... as per my initial statement most predictions end up being wrong. If I had to bet I'd say very modest growth by end of 24, probably will continue to fall first half and start recovery 2nd half, obviously with some artists under/over performing.
Sorry but at this point I don't think anyone can reliably predict where markets will be in 12 months time, too many variables. You can give fantastic rational, analyse data and trends until the cows come home and still be completely wrong. For me the decline in the art market is primarily down to fiscal tightening through a decrease in money supply and rising interest rates, a reversal of this will of course change the outlook for most markets.
The markets are betting on lower interest rates and falling in inflation albeit a fairly modest fall over the next 12 months, with rates at around 4.5% by end of 24, read into that what you will, but....... as per my initial statement most predictions end up being wrong. If I had to bet I'd say very modest growth by end of 24, probably will continue to fall first half and start recovery 2nd half, obviously with some artists under/over performing.
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orchid
Junior Member
Posts โข 1,450
Likes โข 1,135
May 2018
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Are we in an Art Market Bubble?, by orchid on Dec 10, 2023 1:54:41 GMT 1, The recent new york auctions showed a softening that's been felt, but not as deep as a few months ago, certainly no crash and I don't think the bottom will fall out the market. Plenty of people buying at the top end with auctions being broken especially younger artists.
The recent new york auctions showed a softening that's been felt, but not as deep as a few months ago, certainly no crash and I don't think the bottom will fall out the market. Plenty of people buying at the top end with auctions being broken especially younger artists.
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Are we in an Art Market Bubble?, by jennygagosian on Dec 10, 2023 10:12:19 GMT 1, The best time to buy art is when you find something you just have to have, cos it excites you, makes you wet, you want to see it every day and it makes you happy
The best time to buy art is when you find something you just have to have, cos it excites you, makes you wet, you want to see it every day and it makes you happy
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Cardiff
Junior Member
Posts โข 1,697
Likes โข 1,471
January 2009
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Are we in an Art Market Bubble?, by Cardiff on Dec 10, 2023 17:00:24 GMT 1, Flying out of Miami after a full day of Basel yesterday and the vibe there was BUYโฆnearly every gallery we visited with was having an โincredibleโ fair. Not suggesting this is indicative of the broader economy, but the sense I got was that the high end primary market for art is still moving at a strong clip.
Flying out of Miami after a full day of Basel yesterday and the vibe there was BUYโฆnearly every gallery we visited with was having an โincredibleโ fair. Not suggesting this is indicative of the broader economy, but the sense I got was that the high end primary market for art is still moving at a strong clip.
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Are we in an Art Market Bubble?, by Jeezuz Jones Snr on Mar 22, 2024 5:03:14 GMT 1, Good aternoon guys,
I did start a thread on current market, but it has disappeared or been deleted?? Anyway I was thinking that obviously on here we have threads on Banksy auctions and discuss the continuing falling prices. Is it right to say majority of artists have dropped the same percentages?
I have seen a few nice originals half the price and have been tempted by an artist I liked for years and have been tempted. Also say for instance popular artists on here like pejac, invader and stik (all prints I would like to add ๐) are we saying their prints are down 30-50% also and falling like banksy?
What's people's thoughts and where are we heading considering economies are in a shit state currently?
Thanks
Good aternoon guys,
I did start a thread on current market, but it has disappeared or been deleted?? Anyway I was thinking that obviously on here we have threads on Banksy auctions and discuss the continuing falling prices. Is it right to say majority of artists have dropped the same percentages?
I have seen a few nice originals half the price and have been tempted by an artist I liked for years and have been tempted. Also say for instance popular artists on here like pejac, invader and stik (all prints I would like to add ๐) are we saying their prints are down 30-50% also and falling like banksy?
What's people's thoughts and where are we heading considering economies are in a shit state currently?
Thanks
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Are we in an Art Market Bubble?, by Jules Leotard on Mar 22, 2024 7:49:26 GMT 1, Good aternoon guys, I did start a thread on current market, but it has disappeared or been deleted?? Anyway I was thinking that obviously on here we have threads on Banksy auctions and discuss the continuing falling prices. Is it right to say majority of artists have dropped the same percentages? I have seen a few nice originals half the price and have been tempted by an artist I liked for years and have been tempted. Also say for instance popular artists on here like pejac, invader and stik (all prints I would like to add ๐) are we saying their prints are down 30-50% also and falling like banksy? What's people's thoughts and where are we heading considering economies are in a shit state currently? Thanks Humble opinion. We are in a bubble of everything. I wouldn't buy art right now, but if I could afford it, I also wouldn't sell it. Strange times. Any correction to broader markets is being held up/ delayed by the U.S. elections and in this particular instance, THEY ARE IMPORTANT. After that, the game will be on and all things need to be reconciled. Let's call the period from now until November 'the fragile peace.' If you have some money to park somewhere for the time being, skip the art, and buy silver (the metal). It's undervalued compared to gold. Most currencies (to park cash in) are not so good.
Good aternoon guys, I did start a thread on current market, but it has disappeared or been deleted?? Anyway I was thinking that obviously on here we have threads on Banksy auctions and discuss the continuing falling prices. Is it right to say majority of artists have dropped the same percentages? I have seen a few nice originals half the price and have been tempted by an artist I liked for years and have been tempted. Also say for instance popular artists on here like pejac, invader and stik (all prints I would like to add ๐) are we saying their prints are down 30-50% also and falling like banksy? What's people's thoughts and where are we heading considering economies are in a shit state currently? Thanks Humble opinion. We are in a bubble of everything. I wouldn't buy art right now, but if I could afford it, I also wouldn't sell it. Strange times. Any correction to broader markets is being held up/ delayed by the U.S. elections and in this particular instance, THEY ARE IMPORTANT. After that, the game will be on and all things need to be reconciled. Let's call the period from now until November 'the fragile peace.' If you have some money to park somewhere for the time being, skip the art, and buy silver (the metal). It's undervalued compared to gold. Most currencies (to park cash in) are not so good.
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Are we in an Art Market Bubble?, by Jeezuz Jones Snr on Mar 22, 2024 22:00:31 GMT 1, Good aternoon guys, I did start a thread on current market, but it has disappeared or been deleted?? Anyway I was thinking that obviously on here we have threads on Banksy auctions and discuss the continuing falling prices. Is it right to say majority of artists have dropped the same percentages? I have seen a few nice originals half the price and have been tempted by an artist I liked for years and have been tempted. Also say for instance popular artists on here like pejac, invader and stik (all prints I would like to add ๐) are we saying their prints are down 30-50% also and falling like banksy? What's people's thoughts and where are we heading considering economies are in a shit state currently? Thanks Humble opinion. We are in a bubble of everything. I wouldn't buy art right now, but if I could afford it, I also wouldn't sell it. Strange times. Any correction to broader markets is being held up/ delayed by the U.S. elections and in this particular instance, THEY ARE IMPORTANT. After that, the game will be on and all things need to be reconciled. Let's call the period from now until November 'the fragile peace.' If you have some money to park somewhere for the time being, skip the art, and buy silver (the metal). It's undervalued compared to gold. Most currencies (to park cash in) are not so good. Yes I agree, it is going to be a strange year. Looking from the outside towards the US. The Country looks in a mess right now, looks far from a world leader and needs to focus on its people and economy. What ever happens in the US usually has a massive knock on effect around the world. UK, Japan and Germany in recession..Here in Australia it's only huge immigration numbers are hiding that we don't go into recession.
We'll see how it all pans out, but yes I haven't bought anything for a while and will start to make a list of artists I like and their pricing going forward to try to keep track with the direction of prices ๐. At least in these times if you sell a piece at low price you should be able to pick up another piece at a low price so it evens out.
Good aternoon guys, I did start a thread on current market, but it has disappeared or been deleted?? Anyway I was thinking that obviously on here we have threads on Banksy auctions and discuss the continuing falling prices. Is it right to say majority of artists have dropped the same percentages? I have seen a few nice originals half the price and have been tempted by an artist I liked for years and have been tempted. Also say for instance popular artists on here like pejac, invader and stik (all prints I would like to add ๐) are we saying their prints are down 30-50% also and falling like banksy? What's people's thoughts and where are we heading considering economies are in a shit state currently? Thanks Humble opinion. We are in a bubble of everything. I wouldn't buy art right now, but if I could afford it, I also wouldn't sell it. Strange times. Any correction to broader markets is being held up/ delayed by the U.S. elections and in this particular instance, THEY ARE IMPORTANT. After that, the game will be on and all things need to be reconciled. Let's call the period from now until November 'the fragile peace.' If you have some money to park somewhere for the time being, skip the art, and buy silver (the metal). It's undervalued compared to gold. Most currencies (to park cash in) are not so good. Yes I agree, it is going to be a strange year. Looking from the outside towards the US. The Country looks in a mess right now, looks far from a world leader and needs to focus on its people and economy. What ever happens in the US usually has a massive knock on effect around the world. UK, Japan and Germany in recession..Here in Australia it's only huge immigration numbers are hiding that we don't go into recession. We'll see how it all pans out, but yes I haven't bought anything for a while and will start to make a list of artists I like and their pricing going forward to try to keep track with the direction of prices ๐. At least in these times if you sell a piece at low price you should be able to pick up another piece at a low price so it evens out.
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