Banksy • Girl With Red Balloon Print, by ab3 on Apr 12, 2018 8:23:47 GMT 1,

Apr 12, 2018 8:11:43 GMT 1 Poppy Sunshine said:

Knocked down at $66,000 NZ.

Currencies direct translated this to £34,957 but with the auctioneers 17.5% plus GST of 15% Import duty of 5% and flight logistics shipping and insurance circa £900 this would have cost a UK buyer around £44,500 give or take.

As almost all of the interest via the internet and phone lines was from overseas it's a fair bet it's coming home but if someone local to the auction bought it they would save the duties and shipping fees of about £2600.

So, no doubt the low ballers will be quoting the hammer price or even the sellers net figure which will be heart breaking, and anyone selling or renewing their insurance will be looking at the big number.

Just thought I'd mention it to add to the Girl With Balloon recent debates.

It's interesting that even with a recent sale price there is no definitive 'what's it worth' price.


I'm sure that if I quote £44,500 to my insurance company as the price that it cost someone to buy one of these, they would argue and only pay out £34,957.


I wonder if there is some industry standard to work out the actual price. Maybe take an average of both prices. In which case it's £39,728.50.

Apr 12, 2018 8:11:43 GMT 1 Poppy Sunshine said:

Knocked down at $66,000 NZ.

Currencies direct translated this to £34,957 but with the auctioneers 17.5% plus GST of 15% Import duty of 5% and flight logistics shipping and insurance circa £900 this would have cost a UK buyer around £44,500 give or take.

As almost all of the interest via the internet and phone lines was from overseas it's a fair bet it's coming home but if someone local to the auction bought it they would save the duties and shipping fees of about £2600.

So, no doubt the low ballers will be quoting the hammer price or even the sellers net figure which will be heart breaking, and anyone selling or renewing their insurance will be looking at the big number.

Just thought I'd mention it to add to the Girl With Balloon recent debates.

It's interesting that even with a recent sale price there is no definitive 'what's it worth' price.


I'm sure that if I quote £44,500 to my insurance company as the price that it cost someone to buy one of these, they would argue and only pay out £34,957.


I wonder if there is some industry standard to work out the actual price. Maybe take an average of both prices. In which case it's £39,728.50.