Carl Cashman
Artist
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August 2017
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Kaws market "reeling"?, by Carl Cashman on Mar 15, 2019 17:57:51 GMT 1, It'll be interesting to see what happens when the sneaker/hypebeast crowds move to something else. At the end of the day, they are "trend hoppers" and although they might not be the crowd buying the expensive stuff, they've been somewhat responsible behind the last 2-3 years push of Kaws on social medias and whatnot. That IMO resulted in fortunate individuals with no taste purchasing expensive pieces thinking its cool and further driving the market to where it is.
It'll be interesting to see what happens when the sneaker/hypebeast crowds move to something else. At the end of the day, they are "trend hoppers" and although they might not be the crowd buying the expensive stuff, they've been somewhat responsible behind the last 2-3 years push of Kaws on social medias and whatnot. That IMO resulted in fortunate individuals with no taste purchasing expensive pieces thinking its cool and further driving the market to where it is. They have absolutely nothing to do with gallery work, that's the vinyl level which just isn't going to effect auctions. |
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nobokov
Junior Member
๐จ๏ธ 4,948
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February 2016
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Kaws market "reeling"?, by nobokov on Mar 15, 2019 18:09:15 GMT 1, Now seems to be the best time for Kaws to cash in by releasing as many toys as he can before his commercial market is played. You gotta take advantage of fools while theyre still out in full force wearing oversized clothing in clownish colors, strutting about posing for selfies in front of brightly colored walls. It's pretty impressive to see him fool all income levels into thinking that they're cool for owning his wares. Once the hypebeasters have grown up or moved on to the next thing, there's still the ultrawealthy who buy to impress. I love reading your posts they make my day warm and fuzzy. you're a cheerful soul.
Now seems to be the best time for Kaws to cash in by releasing as many toys as he can before his commercial market is played. You gotta take advantage of fools while theyre still out in full force wearing oversized clothing in clownish colors, strutting about posing for selfies in front of brightly colored walls. It's pretty impressive to see him fool all income levels into thinking that they're cool for owning his wares. Once the hypebeasters have grown up or moved on to the next thing, there's still the ultrawealthy who buy to impress. I love reading your posts they make my day warm and fuzzy. you're a cheerful soul. I want to murder your hamster. |
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blerd
Junior Member
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November 2016
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Kaws market "reeling"?, by blerd on Mar 15, 2019 18:10:44 GMT 1, I love reading your posts they make my day warm and fuzzy. you're a cheerful soul. I want to murder your hamster.
I love reading your posts they make my day warm and fuzzy. you're a cheerful soul. I want to murder your hamster. me too. |
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Express Post
Junior Member
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January 2008
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Deleted
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January 1970
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Kaws market "reeling"?, by Deleted on Mar 15, 2019 19:32:53 GMT 1, i think donnelly will go the way of condo (tho not as talented n my opinion) with his prices steadily increasing n never rolling back.... condo pieces have been going up n up 4 a long time now, n iโve never seen a dip down....
i think donnelly will go the way of condo (tho not as talented n my opinion) with his prices steadily increasing n never rolling back.... condo pieces have been going up n up 4 a long time now, n iโve never seen a dip down.... except George Condo doesn't churn out limited editions in their thousands, does he? |
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Express Post
Junior Member
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January 2008
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Kaws market "reeling"?, by Express Post on Mar 15, 2019 19:47:18 GMT 1, Limited editions are not drivers for the success or failure of originals. But for fun, let's test your idea against Nigo's upcoming auction of Kaws originals.
i think donnelly will go the way of condo (tho not as talented n my opinion) with his prices steadily increasing n never rolling back.... condo pieces have been going up n up 4 a long time now, n iโve never seen a dip down.... except George Condo doesn't churn out limited editions in their thousands, does he?
Limited editions are not drivers for the success or failure of originals. But for fun, let's test your idea against Nigo's upcoming auction of Kaws originals. i think donnelly will go the way of condo (tho not as talented n my opinion) with his prices steadily increasing n never rolling back.... condo pieces have been going up n up 4 a long time now, n iโve never seen a dip down.... except George Condo doesn't churn out limited editions in their thousands, does he? |
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Deleted
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January 1970
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Kaws market "reeling"?, by Deleted on Mar 15, 2019 20:29:01 GMT 1, Limited editions are not drivers for the success or failure of originals. But for fun, let's test your idea against Nigo's upcoming auction of Kaws originals. except George Condo doesn't churn out limited editions in their thousands, does he?
Limited editions are not drivers for the success or failure of originals. But for fun, let's test your idea against Nigo's upcoming auction of Kaws originals. except George Condo doesn't churn out limited editions in their thousands, does he? Kaws is the artist of choice amongst the cool kids these days. I expect his auction results to be very high. But that doesn't make him any good or mean that he will last the distance. That just means he is flavour of the month. |
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Kaws market "reeling"?, by Con Art Studio on Mar 15, 2019 20:40:11 GMT 1, Limited editions are not drivers for the success or failure of originals. But for fun, let's test your idea against Nigo's upcoming auction of Kaws originals. Kaws is the artist of choice amongst the cool kids these days. I expect his auction results to be very high. But that doesn't make him any good or mean that he will last the distance. That just means he is flavour of the month.
Limited editions are not drivers for the success or failure of originals. But for fun, let's test your idea against Nigo's upcoming auction of Kaws originals. Kaws is the artist of choice amongst the cool kids these days. I expect his auction results to be very high. But that doesn't make him any good or mean that he will last the distance. That just means he is flavour of the month. don't know where you've been but he's been the flavor of the last 10 years. |
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Express Post
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Kaws market "reeling"?, by Express Post on Mar 15, 2019 20:52:30 GMT 1, The only thing that has not performed by his current market lofty standards are the Miami Beach prints. Super hot demand at 65k and then interest just plummets.
The only thing that has not performed by his current market lofty standards are the Miami Beach prints. Super hot demand at 65k and then interest just plummets.
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Express Post
Junior Member
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January 2008
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Kaws market "reeling"?, by Express Post on Mar 15, 2019 20:55:09 GMT 1, If you get your hands on his monograph, all the paintings cite the owners. Probably give you an idea who has skin in the game. You can still dislike the work,
just do it with as much info as possible.
Limited editions are not drivers for the success or failure of originals. But for fun, let's test your idea against Nigo's upcoming auction of Kaws originals. Kaws is the artist of choice amongst the cool kids these days. ย I expect his auction results to be very high. ย But that doesn't make him any good or mean that he will last the distance. ย That just means he is flavour of the month.
If you get your hands on his monograph, all the paintings cite the owners. Probably give you an idea who has skin in the game. You can still dislike the work, just do it with as much info as possible. Limited editions are not drivers for the success or failure of originals. But for fun, let's test your idea against Nigo's upcoming auction of Kaws originals. Kaws is the artist of choice amongst the cool kids these days. ย I expect his auction results to be very high. ย But that doesn't make him any good or mean that he will last the distance. ย That just means he is flavour of the month. |
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Riotcops
Junior Member
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June 2018
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Kaws market "reeling"?, by Riotcops on Mar 15, 2019 21:05:30 GMT 1, The only thing that has not performed by his current market lofty standards are the Miami Beach prints. Super hot demand at 65k and then interest just plummets.
The only thing that has not performed by his current market lofty standards are the Miami Beach prints. Super hot demand at 65k and then interest just plummets. I think thats the problem with those flash releases. I was waiting for a new Kaws release for a while and immediately got the chills when I saw the post and had a friend put his name down for me. You don't even have a minute to digest the art in front of you as you have to purchase in a split second. Then I took some time to soak them in and they are trash, so glad I didn't get them. Think a lot of people are in the same boat. Demand is huge for a new Kaws release - media frenzy, fomo - but then what do you do when you realize no one really loves the images? Especially for $30k on secondary a print, I think that set is going to haunt the resellers for some time. He shows snippets of some great looking pieces here and there but I think his print choices for the last lil while have been pretty weak. |
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ca
Junior Member
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March 2011
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Kaws market "reeling"?, by ca on Mar 15, 2019 23:58:47 GMT 1, It'll be interesting to see what happens when the sneaker/hypebeast crowds move to something else. At the end of the day, they are "trend hoppers" and although they might not be the crowd buying the expensive stuff, they've been somewhat responsible behind the last 2-3 years push of Kaws on social medias and whatnot. That IMO resulted in fortunate individuals with no taste purchasing expensive pieces thinking its cool and further driving the market to where it is. They have absolutely nothing to do with gallery work, that's the vinyl level which just isn't going to effect auctions.
It'll be interesting to see what happens when the sneaker/hypebeast crowds move to something else. At the end of the day, they are "trend hoppers" and although they might not be the crowd buying the expensive stuff, they've been somewhat responsible behind the last 2-3 years push of Kaws on social medias and whatnot. That IMO resulted in fortunate individuals with no taste purchasing expensive pieces thinking its cool and further driving the market to where it is. They have absolutely nothing to do with gallery work, that's the vinyl level which just isn't going to effect auctions. with all due respect, I think that's being slightly naive. Hype can have an impact across all levels of society, especially in the age of social media (mostly instagram). Yes, most people when thinking about an "hypebeast" imagine a 16 y/o kid but when you start seeing Hollywood actors & athletes buy Kaws (with no known previous interest in art might I add), young fortunate Asians spending daddy's millions on 4footers and OGs, I tend to believe there's a correlation somewhere |
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Philpenn
New Member
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July 2010
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Kaws market "reeling"?, by Philpenn on Mar 16, 2019 0:17:34 GMT 1, Market's s**t. Now sell me a bronze Companion for peanuts.
Market's s**t. Now sell me a bronze Companion for peanuts.
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cest
Junior Member
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September 2018
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Kaws market "reeling"?, by cest on Mar 16, 2019 1:13:23 GMT 1, Anyone remember Mark Kostabi.
Kaws doesnt seem to be a p*ick ... Like koons or this guy... But i have $1000 invested in him (in a Brooklyn print) so i dont really care about his market
Anyone remember Mark Kostabi. Kaws doesnt seem to be a p*ick ... Like koons or this guy... But i have $1000 invested in him (in a Brooklyn print) so i dont really care about his market |
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jp
New Member
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September 2006
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Kaws market "reeling"?, by jp on Mar 16, 2019 1:59:38 GMT 1, Anyone remember Mark Kostabi.
Apparently Mark Kostabi is doing better than ever financially, with a prodigious output and successful market in Europe (especially Italy). Bizarre.
www.artsy.net/article/artsy-editorial-decades-80s-art-stardom-painter-mark-kostabi-hustling
And from the end of the article:
"In the 2009 documentary Con Artist, critic Donald Kuspit disparages Mark Kostabiโs artwork as โApplebeeโs aspiring to be Olive Garden.โ What Kuspit doesnโt understand is that lots of people really like Applebeeโs."
Anyone remember Mark Kostabi. Apparently Mark Kostabi is doing better than ever financially, with a prodigious output and successful market in Europe (especially Italy). Bizarre. www.artsy.net/article/artsy-editorial-decades-80s-art-stardom-painter-mark-kostabi-hustlingAnd from the end of the article: "In the 2009 documentary Con Artist, critic Donald Kuspit disparages Mark Kostabiโs artwork as โApplebeeโs aspiring to be Olive Garden.โ What Kuspit doesnโt understand is that lots of people really like Applebeeโs." |
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Kaws market "reeling"?, by Con Art Studio on Mar 16, 2019 2:53:59 GMT 1, Anyone remember Mark Kostabi. Kaws doesnt seem to be a p*ick ... Like koons or this guy... But i have $1000 invested in him (in a Brooklyn print) so i dont really care about his market
yes, Kaws is a p*ick. Definitely not Retna p*ick level thoug, heโs more of an antisocial/introvert p*ick
Anyone remember Mark Kostabi. Kaws doesnt seem to be a p*ick ... Like koons or this guy... But i have $1000 invested in him (in a Brooklyn print) so i dont really care about his market yes, Kaws is a p*ick. Definitely not Retna p*ick level thoug, heโs more of an antisocial/introvert p*ick |
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Carl Cashman
Artist
Junior Member
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August 2017
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Kaws market "reeling"?, by Carl Cashman on Mar 16, 2019 3:54:34 GMT 1, They have absolutely nothing to do with gallery work, that's the vinyl level which just isn't going to effect auctions. with all due respect, I think that's being slightly naive. Hype can have an impact across all levels of society, especially in the age of social media (mostly instagram). Yes, most people when thinking about an "hypebeast" imagine a 16 y/o kid but when you start seeing Hollywood actors & athletes buy Kaws (with no known previous interest in art might I add), young fortunate Asians spending daddy's millions on 4footers and OGs, I tend to believe there's a correlation somewhere
but I do get your point.
They have absolutely nothing to do with gallery work, that's the vinyl level which just isn't going to effect auctions. with all due respect, I think that's being slightly naive. Hype can have an impact across all levels of society, especially in the age of social media (mostly instagram). Yes, most people when thinking about an "hypebeast" imagine a 16 y/o kid but when you start seeing Hollywood actors & athletes buy Kaws (with no known previous interest in art might I add), young fortunate Asians spending daddy's millions on 4footers and OGs, I tend to believe there's a correlation somewhere The average supreme kid hoovering up OE vinyl isn't buying 4 footers though, theres just not the aucyion resukts to support lots of canvas sales.. but I do get your point. |
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Express Post
Junior Member
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January 2008
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Kaws market "reeling"?, by Express Post on Mar 16, 2019 4:19:39 GMT 1, Well Hebru Brantley, Gondek And Jerkface are stuffed.
Pejac and Oli Epp are safe.
Everybody pile on yer chips... We're going to da moon.
They have absolutely nothing to do with gallery work, that's the vinyl level which just isn't going to effect auctions. with all due respect, I think that's being slightly naive. Hype can have an impact across all levels of society, especially in the age of social media (mostly instagram). Yes, most people when thinking about an "hypebeast" imagine a 16 y/o kid but when you start seeing Hollywood actors & athletes buy Kaws (with no known previous interest in art might I add), young fortunate Asians spending daddy's millions on 4footers and OGs, I tend to believe there's a correlation somewhere
Well Hebru Brantley, Gondek And Jerkface are stuffed. Pejac and Oli Epp are safe. Everybody pile on yer chips... We're going to da moon. They have absolutely nothing to do with gallery work, that's the vinyl level which just isn't going to effect auctions. with all due respect, I think that's being slightly naive. Hype can have an impact across all levels of society, especially in the age of social media (mostly instagram). Yes, most people when thinking about an "hypebeast" imagine a 16 y/o kid but when you start seeing Hollywood actors & athletes buy Kaws (with no known previous interest in art might I add), young fortunate Asians spending daddy's millions on 4footers and OGs, I tend to believe there's a correlation somewhere |
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Kaws market "reeling"?, by Coach on Mar 16, 2019 12:54:20 GMT 1, Kaws doesnt seem to be a p*ick ... Like koons or this guy... But i have $1000 invested in him (in a Brooklyn print) so i dont really care about his market yes, Kaws is a p*ick. Definitely not Retna p*ick level thoug, heโs more of an antisocial/introvert p*ick
I can only speak from experience. Iโve met him just once, after the artistโs talk at the Yorkshire Sculpture Park. He seemed very pleasant to me. And he was exceptionally patient, as almost everyone there wanted something signed. I must have queued for over an our and there were still lots of others in line after me. He took the time to doodle books, sign posters and bags etc. He was quiet and unassuming. He could easily have left straight after the talk, or signed a few bits and bobs and then said heโd had enough. But he didnโt.
Kaws doesnt seem to be a p*ick ... Like koons or this guy... But i have $1000 invested in him (in a Brooklyn print) so i dont really care about his market yes, Kaws is a p*ick. Definitely not Retna p*ick level thoug, heโs more of an antisocial/introvert p*ick I can only speak from experience. Iโve met him just once, after the artistโs talk at the Yorkshire Sculpture Park. He seemed very pleasant to me. And he was exceptionally patient, as almost everyone there wanted something signed. I must have queued for over an our and there were still lots of others in line after me. He took the time to doodle books, sign posters and bags etc. He was quiet and unassuming. He could easily have left straight after the talk, or signed a few bits and bobs and then said heโd had enough. But he didnโt. |
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cest
Junior Member
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September 2018
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Kaws market "reeling"?, by cest on Mar 16, 2019 13:09:26 GMT 1, From what I've seen of him he seems like a pretty nice guy. I haven't seen him go off the rails on Instagram, I haven't seen interviews of him just being a complete douchebag like I have a condo or Koons. He doesn't have a political agenda or anything that he really stands for which makes him pretty milk toast to me...
It seems like people really dislike him for his artistic Renditions of others work but then has a problem with others doing the same 2 his work.
From what I've seen of him he seems like a pretty nice guy. I haven't seen him go off the rails on Instagram, I haven't seen interviews of him just being a complete douchebag like I have a condo or Koons. He doesn't have a political agenda or anything that he really stands for which makes him pretty milk toast to me...
It seems like people really dislike him for his artistic Renditions of others work but then has a problem with others doing the same 2 his work.
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Deleted
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January 1970
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Kaws market "reeling"?, by Deleted on Mar 16, 2019 16:53:15 GMT 1, From what I've seen of him he seems like a pretty nice guy. I haven't seen him go off the rails on Instagram, I haven't seen interviews of him just being a complete douchebag like I have a condo or Koons. He doesn't have a political agenda or anything that he really stands for which makes him pretty milk toast to me... It seems like people really dislike him for his artistic Renditions of others work but then has a problem with others doing the same 2 his work. yet iโve heard heโs flattered by bootlegs of his work.... n his patience with fans n person is well known.... many artist of less popularity have left signings early or told somebody 2 piss off 4 a selfie....
www.highsnobiety.com/2017/04/16/kaws-jason-freeny-imitation/
From what I've seen of him he seems like a pretty nice guy. I haven't seen him go off the rails on Instagram, I haven't seen interviews of him just being a complete douchebag like I have a condo or Koons. He doesn't have a political agenda or anything that he really stands for which makes him pretty milk toast to me... It seems like people really dislike him for his artistic Renditions of others work but then has a problem with others doing the same 2 his work. yet iโve heard heโs flattered by bootlegs of his work.... n his patience with fans n person is well known.... many artist of less popularity have left signings early or told somebody 2 piss off 4 a selfie.... Sorry to contradict you but Kaws is not "flattered" at all. Did you hear about the tiff between Kaws and Jason Freeny? I'm not taking sides but Kaws was none too pleased. www.highsnobiety.com/2017/04/16/kaws-jason-freeny-imitation/ |
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Inknart
Junior Member
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April 2015
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Kaws market "reeling"?, by Inknart on Mar 16, 2019 18:35:47 GMT 1, yet iโve heard heโs flattered by bootlegs of his work.... n his patience with fans n person is well known.... many artist of less popularity have left signings early or told somebody 2 piss off 4 a selfie.... Sorry to contradict you but Kaws is not "flattered" at all. Did you hear about the tiff between Kaws and Jason Freeny? I'm not taking sides but Kaws was none too pleased. www.highsnobiety.com/2017/04/16/kaws-jason-freeny-imitation/
He has never been flattered by knock offs. A long time I ago I think he even had an IG that he would post fakes on.
yet iโve heard heโs flattered by bootlegs of his work.... n his patience with fans n person is well known.... many artist of less popularity have left signings early or told somebody 2 piss off 4 a selfie.... Sorry to contradict you but Kaws is not "flattered" at all. Did you hear about the tiff between Kaws and Jason Freeny? I'm not taking sides but Kaws was none too pleased. www.highsnobiety.com/2017/04/16/kaws-jason-freeny-imitation/Or how about the time Brian called out Coach for the Disney Collaboration that featured Mickeys hands and he threw a tantrum .... it was literally the most absurd thing I've ever seen, calling out Disney for Using Mickey's hands like they were his to begin with. He has never been flattered by knock offs. A long time I ago I think he even had an IG that he would post fakes on. |
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dwight
New Member
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November 2006
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Kaws market "reeling"?, by dwight on Mar 16, 2019 21:42:14 GMT 1, I think we are approaching a massive correction to the market for urban art. This does not include Kaws canvas works or any Banksy, but I'm staying far away from any prints or kaws items. I think that lots of the artists prints which are discussed on this forum could quickly be worth zero.
I think we are approaching a massive correction to the market for urban art. This does not include Kaws canvas works or any Banksy, but I'm staying far away from any prints or kaws items. I think that lots of the artists prints which are discussed on this forum could quickly be worth zero.
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dwight
New Member
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November 2006
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Kaws market "reeling"?, by dwight on Mar 16, 2019 22:37:36 GMT 1, I agree that the Kaws canvases will continue to be desirable, but I think that all of the large/open edition dolls and objects will become unsellable.
I agree that the Kaws canvases will continue to be desirable, but I think that all of the large/open edition dolls and objects will become unsellable.
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touchdowntodd
Junior Member
๐จ๏ธ 1,515
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April 2017
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Kaws market "reeling"?, by touchdowntodd on Mar 16, 2019 23:20:58 GMT 1, I think we are approaching a massive correction to the market for urban art. This does not include Kaws canvas works or any Banksy, but I'm staying far away from any prints or kaws items. I think that lots of the artists prints which are discussed on this forum could quickly be worth zero. i disagree.... i think his OGโs will only appreciate, n the toys/kaws bric-a-brac will eventually flatten out, but not depreciate.... only time will tell!
Huge correction coming no doubt.. especially next recession when the middle class bows out due to lack of extra funds...
Toys are cute, but haven't seen many really go up drastically ( spare me the ignorant auction bidding).. once the hype set stops posting his toys, how many truly high end collectors will buy? I can see the vinyl going down a ton, even 4ft dropping back.. plus we all know vinyl degrades.. but I believe prints and originals will hold part of what they've gained..
The real question is 20 years from now.. What if any of anything being made now by anyone Street art wise will even matter?
I own a kaws print, bought a couple years ago.. even then I thought it was too much. Now a days, even if I could afford it, I couldn't justify it.. think of the fact that you have SO many options including great originals for less than the lowest kaws print (I don't really count Brooklyn museum here, I don't see that being significant in the future in many eyes)
I think we are approaching a massive correction to the market for urban art. This does not include Kaws canvas works or any Banksy, but I'm staying far away from any prints or kaws items. I think that lots of the artists prints which are discussed on this forum could quickly be worth zero. i disagree.... i think his OGโs will only appreciate, n the toys/kaws bric-a-brac will eventually flatten out, but not depreciate.... only time will tell! Huge correction coming no doubt.. especially next recession when the middle class bows out due to lack of extra funds... Toys are cute, but haven't seen many really go up drastically ( spare me the ignorant auction bidding).. once the hype set stops posting his toys, how many truly high end collectors will buy? I can see the vinyl going down a ton, even 4ft dropping back.. plus we all know vinyl degrades.. but I believe prints and originals will hold part of what they've gained.. The real question is 20 years from now.. What if any of anything being made now by anyone Street art wise will even matter? I own a kaws print, bought a couple years ago.. even then I thought it was too much. Now a days, even if I could afford it, I couldn't justify it.. think of the fact that you have SO many options including great originals for less than the lowest kaws print (I don't really count Brooklyn museum here, I don't see that being significant in the future in many eyes) |
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touchdowntodd
Junior Member
๐จ๏ธ 1,515
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April 2017
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Kaws market "reeling"?, by touchdowntodd on Mar 16, 2019 23:23:54 GMT 1, One interesting thing I often think about...
Why are celebs, collectors, etc cashing out now? They don't need the money...
Just something to ponder
One interesting thing I often think about...
Why are celebs, collectors, etc cashing out now? They don't need the money...
Just something to ponder
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Express Post
Junior Member
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January 2008
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Kaws market "reeling"?, by Express Post on Mar 16, 2019 23:31:25 GMT 1, There is a lot of money out there to keep this going. He is one of the chosen ones.
There is a lot of money out there to keep this going. He is one of the chosen ones.
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cest
Junior Member
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September 2018
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Kaws market "reeling"?, by cest on Mar 17, 2019 0:33:40 GMT 1, I've been thinking a lot about this, and I come from the financial services world, went through the recession with a front seat view. I've also was always been into collecting rare items whether it is wines, spirits, jewelry (not anymore), and countless other things since I was a child
I've seen things go up and crash down. I had been buying mid-century modern prints for about 10 years before becoming a part of this forum. I think I've been an active member here for about 8 months, previously passively reading through stuff/ lurking.
From day one I started trying to figure out what were the most sought-after pieces and artists based on how many items were for sale versus how many items that people "were in search of". Kaws was one of those items that I immediately realized was in such high demand and with very few sellers. This is especially relevant with his prints, which are somewhat in my budget / artistic wheel house.
I do feel that by coming from the outside and looking in I see a frothy Market , but I also do feel like this Market is possibly sustainable, perhaps not at the current levels but somewhere close.
I was real heavy in the Fine Wine Market from the 98 Bordeaux vintage through 2008 vintage. Me and some buddies were buying first growths by the case and not only drinking them but trading them. When I started buying I could sometimes find a case for $200 a bottle and when we sold out of everything prices were 5 times what we paid for. The most in demand bottles were Chateau Lafite, who would Target market to the Chinese. Once the Chinese determined that this was a bottle they wanted, prices stayed lofty and it has have ever since.
Now I understand that there are micro-markets and forces within the Chinese economy much like there are here in the United States. People's tastes change there too. But what doesn't change is the effect the initial doubling of Demands that two huge economy had on a single product that is highly Limited to begin with.
To me kaws is ripping a page out of this Playbook. Basically he knows that Hong Kong/china is the other economic juggernaut and they have an insatiable demand for his product. How long this will last? Who knows? I can tell you that lafite prices are still stratospheric (from 2007) and I'm not sure that they'll ever come down.
I've been thinking a lot about this, and I come from the financial services world, went through the recession with a front seat view. I've also was always been into collecting rare items whether it is wines, spirits, jewelry (not anymore), and countless other things since I was a child
I've seen things go up and crash down. I had been buying mid-century modern prints for about 10 years before becoming a part of this forum. I think I've been an active member here for about 8 months, previously passively reading through stuff/ lurking.
From day one I started trying to figure out what were the most sought-after pieces and artists based on how many items were for sale versus how many items that people "were in search of". Kaws was one of those items that I immediately realized was in such high demand and with very few sellers. This is especially relevant with his prints, which are somewhat in my budget / artistic wheel house.
I do feel that by coming from the outside and looking in I see a frothy Market , but I also do feel like this Market is possibly sustainable, perhaps not at the current levels but somewhere close.
I was real heavy in the Fine Wine Market from the 98 Bordeaux vintage through 2008 vintage. Me and some buddies were buying first growths by the case and not only drinking them but trading them. When I started buying I could sometimes find a case for $200 a bottle and when we sold out of everything prices were 5 times what we paid for. The most in demand bottles were Chateau Lafite, who would Target market to the Chinese. Once the Chinese determined that this was a bottle they wanted, prices stayed lofty and it has have ever since.
Now I understand that there are micro-markets and forces within the Chinese economy much like there are here in the United States. People's tastes change there too. But what doesn't change is the effect the initial doubling of Demands that two huge economy had on a single product that is highly Limited to begin with.
To me kaws is ripping a page out of this Playbook. Basically he knows that Hong Kong/china is the other economic juggernaut and they have an insatiable demand for his product. How long this will last? Who knows? I can tell you that lafite prices are still stratospheric (from 2007) and I'm not sure that they'll ever come down.
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moron
Junior Member
๐จ๏ธ 2,711
๐๐ป 1,051
September 2017
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Kaws market "reeling"?, by moron on Mar 17, 2019 0:36:05 GMT 1, There is a lot of money out there to keep this going. He is one of the chosen ones.
Was it Chinese contemporary art that was all the rage at auctions before Urban art took off. Dealers going to China looking for contemporary artists and buying up paintings etc and bidding theprices up at auction to record figures. I think some dealer paid 30 K for a painting and it made something like 600 K re sold at auction. That bubble burst.
Kaws built up a following with his garage kits a long time ago. Back when people were making vinyl and resin knock offs of Batman and Disney etc figures in garages and selling them to toy colelctors in similar ways that Expressobongobeansontoast forum has lots of people collecting fan art versions of movie and music posters to flip.
Urban art took off and Kaws saw the potential to get into the urban art gallery scene and his garage vinyl figures just got sold by gallerists to people with a bit more money in 2D format as paintings and prints and as larger versions of his figures and marketed at auction and sold to even more wealthy investors who probably have no clue as to what they are buying but don't care cos they are rich and Kaws is the thing to buy to appear up to date and kool.
There is a lot of money out there to keep this going. He is one of the chosen ones. Was it Chinese contemporary art that was all the rage at auctions before Urban art took off. Dealers going to China looking for contemporary artists and buying up paintings etc and bidding theprices up at auction to record figures. I think some dealer paid 30 K for a painting and it made something like 600 K re sold at auction. That bubble burst. Kaws built up a following with his garage kits a long time ago. Back when people were making vinyl and resin knock offs of Batman and Disney etc figures in garages and selling them to toy colelctors in similar ways that Expressobongobeansontoast forum has lots of people collecting fan art versions of movie and music posters to flip. Urban art took off and Kaws saw the potential to get into the urban art gallery scene and his garage vinyl figures just got sold by gallerists to people with a bit more money in 2D format as paintings and prints and as larger versions of his figures and marketed at auction and sold to even more wealthy investors who probably have no clue as to what they are buying but don't care cos they are rich and Kaws is the thing to buy to appear up to date and kool. |
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moron
Junior Member
๐จ๏ธ 2,711
๐๐ป 1,051
September 2017
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Kaws market "reeling"?, by moron on Mar 17, 2019 0:40:21 GMT 1, i think donnelly will go the way of condo (tho not as talented n my opinion) with his prices steadily increasing n never rolling back.... condo pieces have been going up n up 4 a long time now, n iโve never seen a dip down.... except George Condo doesn't churn out limited editions in their thousands, does he?
i think donnelly will go the way of condo (tho not as talented n my opinion) with his prices steadily increasing n never rolling back.... condo pieces have been going up n up 4 a long time now, n iโve never seen a dip down.... except George Condo doesn't churn out limited editions in their thousands, does he? He doesn't have to. He makes a good living from ripping off Picasso. Condo is to Picasso what Kaws is to Disney. |
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