hammer or fees incl?

Someone got a steal and the seller got a bum deal. Why put a piece of urban art by the hottest artist at the moment in amongst an auction of 200 euro handbags? Even at this steal of a price, it was still more than $75,000 (when you add fees) 😉

65k for a Banksy Morons.
Was that a good result? Or have they been going for more in the past few years?

https://www.instagram.com/p/CjlEeLiu_sQ

That was a low result. The signed sepia Morons has achieved 100K+. All Banksy prints appear to be 20-30% down. The art market in general is following the financial downfall.

Great price, even greater print. Good luck with the sale and congrats to whoever buys. This is the very last print I would ever sell.

In the current market don’t think you’ll get close to your asking

If this goes to auction you will get an estimate of £30-&50k
Then you are in the lap of the Gods … I would say
But agree with statement above

yeah daft pricing, unless you're offering a buy one get one free promotion.

There isn’t , both aren’t worth much 

If you really need to sell it I would put it in the April Sothebys Auction. You will likely get the highest auction result for this print with them. Don't forget to negotiate your sellers fee.

Yes, one just sold at sothebys for 100k+ usd. Arn't worth much? I wish I had half of your wealth

That was a fluke result , like the Laugh Now unsigned that just sold. 

Not a reflection on what you’d actually get for it if you tried to sell it 

Very interesting debate, just because a piece gets a high price doesn't make it a fluke, it means it has more than two or three people who want it at that time. Prices fall due to economic trends, with the Art market falling and recovering quite often before the general economy. The first problem that is encountered is that there are not enough buyers with discretionary cash and so prices stabilise, which puts off more buyers and then they fall. Volume of buyers is key in a rising market hence why Forum etc are struggling with their tired Banksy Only format.

The peak of the market was 2021 as there was a lot of discretionary cash in investors and "would be" investors pockets and it created a bubble. The economy/market knew that there would be a price to pay for this ultimately and hence the decline began in late 2021 and 2022 as clever money moved away and liquidated assets (stocks as well as art). The market declined quickly as supply out stripped demand.

Currently we are seeing a little more positivity overall (stocks and collectables) but auction bidders are materially down on what is needed to make a difference and those that are buying are trying to play the downward market to be ready for the up tick!

So yes Morons is a great piece, sepia has always got slightly more than B&W, don't know what, I prefer B&W. The final 3 sales of last year averaged about £75k all done and since then we have seen an 8% fall, so it is probably sitting at £65k-70k in my opinion to a buyer at an auction or £75k - 80k in an optimistic gallery.

To sell it privately a fair price is always the mid point of what a buyer would receive (nobody should be paying any fees in this market to sell) and the all in price, so this is about £60k.

If you want £100k then those days will return but with the economic indicators pointing at Q4 before the start to the recovery I'd suggest you hold until late 2024 early 2025 if the historical charts are anything to go on!!

Just a view!!!