For anyone wavering Dan has put a lot of time and effort into this to hopefully make it a success, if you don't like the estimates don't bid, simples.

I have had numerous deals over the years and would trust his opinion on any piece you may be interested in.

Dog Save the Queen has my name on it :-)

www.invaluable.co.uk/catalog/searchLots.cfm?scp=p&catalogRef=&shw=50&ord=0&img=0&olF=1&houseRef=&houseLetter=A&artistRef=&aID=0&areaID=&countryID=&regionID=&stateID=&fdt=&tdt=&fr=0&to=0&wa=banksy%20blowpop&wp=&wo=&nw=&upcoming=0&rp=&hi=1&rem=FALSE&ns=0&isSC=0&row=1&isBIN=0&isAdvanced=1

These are the last results I could find.

Buyers premium is 25 percent plus vat (30%) then artists resale rights is payable on any lots over 1000 euros

These are fairly standard across the industry for houses with a physical presence.

March 21st

I'm honoured that you created an account just to raise these points!! Welcome to the forum. 

As I said in my initial post, to bring a wide selection of quality work to the market I feel consigners should be offered reserves and estimates that ensure they are not risking giving work away. I've worked with all consigners and agreed the point at which they would rather keep the work. So irrespective of how much sells I already know all consigners feel looked after and will be willing to consign again to future sales. 

My point of view is Sotheby's are not helping anyone who doesn't know the value of that print with a 7k reserve. All they are doing is guaranteeing themselves a sale at no risk to themselves and considerable risk to the consigner. I appreciate this may differ from your opinion thankfully we're allowed to think differently.

I'm sure consigners are aware of the results of an unsold lot at auction so that will have already factored into their thought process when establishing reserves/estimates. 

I'll be very happy to help you with any lots you're interested in, work will be on view from next week at Chiswick's Old Brompton Rd location.

  



 


  

Thanks Dice, it has been hard work but thats no problem for me. I've had great support from the team at Chiswick. The Banksy Placard has excellent provenance which I'll be happy to discuss with any interested buyers (original gallery receipt from a very respected dealer). The Neate is truly stunning as is the Choe original. I'd encourage everyone to come and take a look in person. We'll try to have as much work on view as possible at Old Brompton Rd but space is limited the rest will be viewable at Chiswick's Collville Rd space. 


   

Might be worth asking the guy who consigned his WSM how he feels about low estimates? Thanks for proving my point.

I realise that this is a venue for discussion surrounding urban art, and I’m also aware of the inherent hypocrisy of this post, and the opinions expressed, but as a long time reader of this forum and somebody who has benefitted from the wisdom and advice of its members for many years, there are a number of opinions in the recent auction reviews that seem so indefensibly ill-advised and self-serving that I can’t resist speaking up. (I am also aware this is my first post, I too have aliases)

Firstly, I have picked this specific thread as the general hatred and demonization of the ‘flipper’ on this forum over recent months is all too ironic given the sudden show of love for this auction. - Quick history lesson for those who didn’t take art market 101, the London auction house began as an estate dissolution tool. For the unfortunate landed family who had overextended themselves with marriages and mortgages in their quest to increase their empire, and then fell on tough times, the young James Christie et al could be used – at a cost, we all hate those 25% buyers fees eh? – to sell everything the family had ever owned. - I’m the first to admit that its fantastic that our shared sub-culture has been commodified to the extent that we celebrate the appointment of one of our own by an auction house. And please don’t misunderstand me, I am genuinely happy for Daniel, for his sale, and for those members of this forum who will be directly profiting from the auction. But for example, within this catalogue are two paintings by SEEN, from 2018, from graffitiloser.com, from a project led by the artist aimed at circumventing intermediaries and their profiteering from preventing fans accessing work by living artists. Hey we all sometimes buy something and then don’t like it that much and move it on, and we all want to profit if we can, but a roughly 3x mark up for getting a tube sent from LA to Chiswick, and somewhere in between, is kind of galling.

Secondly, the lack of understanding of the importance of certain historical moments and the hopefully accidently denigration of canonical pieces of art, fundamental in the formation of the ‘urban art market’ across this forum in general is kind of, well, laughable. Who do you think genuinely cares if you don’t think, or I do think, that the liberation from a 2-dimensional pictorial plane achieved by the slashing of a canvas is one of the most exciting moments in painting? We can all agree that if we can buy a Richter gicleé edition from the Serpentine for £X, and then put it through a sale for £3X, its like, the. Best. Piece. Of. Art. Ever. Remember that Banksy once vandalised a canvas – this is my favourite piece of auction house cataloguing of all time and I commend Sotheby’s for this – and that was worth way over £600,000. Let’s not forget though that he once didn’t vandalise a canvas 25 times over with the same image and that was also worth more than it was literally proven to be worth. If it was worth more to you, you should have paid up.

I’ll agree with you now, I am angry. I don’t like that we all get tared by the brush ofs**tty little keyboard bullies. Urban art is for everybody…unless you are one of the unlucky souls that didn’t line up and first buy a Banksy from his dog-sitter’s neighbour’s cousin after they met the artist at an illegal rave under a bridge, by Bristol, like way before the rest of us had heard his name. But also, the art market is very much that, a market. A set of constraints within which an item can be traded for an abstract percentage of a country’s reserve, based on valuations made by those with money and those who advise those with money. And when an artist publishes an edition, sells a piece of work, designs a skateboard deck, they are buying in to this and perpetuating that market. If they weren’t intending to do so, they would send it out for free.

I find it fantastic that we can express our opinions freely about whatever we want to, and Mr Silk has done a fantastic job of making sure that this website lives and breathes based on these principles. But my point in all this is that we need to get the focus on these threads back on to art. We all want to make money from these pictures, or if not, we wouldn’t be on these threads. If you are selling at Sothebys, Chiswick, Bonhams, Forum, Christies you are the all the same. If you hate the auction houses, or the dealers who have 10 UAA accounts to promote themselves and their pictures, or the galleries, or the member who paid nothing upon release for something you covert, then you can’t buy in to the market, they will always go hand in hand.

You can say what you like, but nobody here is not trying to make money. Which the responses on this thread have already proven. Its pretty transparent, as always, whose pictures are in this auction. What I don’t understand is why you believe we are all too unaware to realise this is the case here, and how self-serving this particular thread has become. You are, as hypocritical as me.

P.S. Rembrandt once made some prints of three trees, he did the work himself, and they are made to last. Spray-paint is unstable as a medium, especially on wood, fabric or paper. We don’t have time to hate people, these things won’t last forever.

P.P.S. Daniel, if you would like to PM me the account name and given names of any other members who you approached and who didn’t wish to consign to Chiswick, I’d be very grateful. The blatant breach of confidentiality aside, I have some great IC deals with all the central London houses, and some further afield 😉 (Let’s hope that data protection law doesn’t come in to hard eh?)

Why use 10 words when a thesis will do? Definitely the longest and almost certainly the most pointless first post in the history of this forum - congratulations.

Errr more like £45k!

Hi Dan,
Great stuff in your sale. Good luck!
I've bought some things from EU auctions and stupidly never looked at what buyer's premium was charged to me. From what I understand if they are being exported out of the EU then VAT is not charged (on either the piece or BP)?
The total would be BP plus droit de suite plus shipping (all less VAT)?
I wonder that given this how this changes the economics of bidding from the perspective of someone in the US versus someone in the EU or Asia or perhaps the UK
Thanks for clarifying.

Gulp. Hope it goes well

A selection of highlights from the auction are currently on view at 127 Fulham Rd London SW3 Chiswick’s central London showroom. I’d encourage people to view the work in person if possible. Happy to help with any queries/questions just drop me a line.

I’ll be in the branch next week so if any forum members fancy a bit of a meet up Tuesday evening? The showroom is open until 6pm.