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Maddox Gallery, by Johnny Sarcasm on Nov 13, 2020 10:47:59 GMT 1, Maddox notoriously expensive and in some cases demand a 20% overage on anything you buy from them. I almost bought a piece earlier in the year until i saw the Ts&Cs (which I was asked to sign) giving them first refusal and 20% of the profit when I wanted the sell the piece. So basically I was renting the work from them! No way! That's quite an excellent money grab Maddox encompass all that is wrong in our little world Great to have it all wrapped up in one business
Maddox notoriously expensive and in some cases demand a 20% overage on anything you buy from them. I almost bought a piece earlier in the year until i saw the Ts&Cs (which I was asked to sign) giving them first refusal and 20% of the profit when I wanted the sell the piece. So basically I was renting the work from them! No way! That's quite an excellent money grab Maddox encompass all that is wrong in our little world Great to have it all wrapped up in one business Completely agree. And they peddle shit art as an investment. |
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kc143
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Maddox Gallery, by kc143 on Nov 13, 2020 11:42:34 GMT 1, Maddox notoriously expensive and in some cases demand a 20% overage on anything you buy from them. I almost bought a piece earlier in the year until i saw the Ts&Cs (which I was asked to sign) giving them first refusal and 20% of the profit when I wanted the sell the piece. So basically I was renting the work from them! 
Maddox notoriously expensive and in some cases demand a 20% overage on anything you buy from them. I almost bought a piece earlier in the year until i saw the Ts&Cs (which I was asked to sign) giving them first refusal and 20% of the profit when I wanted the sell the piece. So basically I was renting the work from them! Wow, I cannot believe that....good to know always read those T & C 's |
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gd79
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Maddox Gallery, by gd79 on Nov 13, 2020 12:32:41 GMT 1, Is that even legally enforceable? Was it for a defined time limit, which I can just about understand, or just a blanket covenant?
Is that even legally enforceable? Was it for a defined time limit, which I can just about understand, or just a blanket covenant?
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lv90210
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Maddox Gallery, by lv90210 on Nov 13, 2020 12:41:13 GMT 1, Maddox have more legal cases against them than Pennsylvania currently do.
Stay well clear !
Maddox have more legal cases against them than Pennsylvania currently do.
Stay well clear !
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Dubman
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Maddox Gallery, by Dubman on Nov 13, 2020 13:09:03 GMT 1, Is that even legally enforceable? Was it for a defined time limit, which I can just about understand, or just a blanket covenant?
So if i kept the art for 20-30 years they would own my kids, my grandkids and anyone who lived within a 10 mile radius of the artwork.
I would have been better off signing a contract with Lucifer 'the prince of darkness' which had much more reasonable terms (and involved me owning every Signed Girl With Balloon - AP 
Is that even legally enforceable? Was it for a defined time limit, which I can just about understand, or just a blanket covenant? There was no timescale, so not only was I legally obliged to give them first refusal and 20% of the profit, it was also until the end of time. So if i kept the art for 20-30 years they would own my kids, my grandkids and anyone who lived within a 10 mile radius of the artwork. I would have been better off signing a contract with Lucifer 'the prince of darkness' which had much more reasonable terms (and involved me owning every Signed Girl With Balloon - AP |
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JAlternatiรณn
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Maddox Gallery, by JAlternatiรณn on Nov 13, 2020 14:18:12 GMT 1, Maddox, as I understand it, are run by art loving former stockbrokers. Certainly they have pushed the art investment angle (I get sponsored adverts about this a lot) and do have a 20% sell on clause if you go down that route, but i have also purchased items from them and found them to be great to deal with.
It's easy to say that their approach is purely financially motivated... they will look to create a market by having buyers invest in art that they never put on a wall (Maddox have a storage facility for this I am led to believe) and then sell for a profit later on, but you have to expect that now that street art costs 1000x the release price.
The last 3-5 years in particular have made Banksy the hottest commodity out there (barring Covid vaccine). Love it or hate it, that's how it is.
Maddox, as I understand it, are run by art loving former stockbrokers. Certainly they have pushed the art investment angle (I get sponsored adverts about this a lot) and do have a 20% sell on clause if you go down that route, but i have also purchased items from them and found them to be great to deal with.
It's easy to say that their approach is purely financially motivated... they will look to create a market by having buyers invest in art that they never put on a wall (Maddox have a storage facility for this I am led to believe) and then sell for a profit later on, but you have to expect that now that street art costs 1000x the release price.
The last 3-5 years in particular have made Banksy the hottest commodity out there (barring Covid vaccine). Love it or hate it, that's how it is.
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tonys
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Maddox Gallery, by tonys on Nov 13, 2020 16:59:10 GMT 1, Maddox notoriously expensive and in some cases demand a 20% overage on anything you buy from them. I almost bought a piece earlier in the year until i saw the Ts&Cs (which I was asked to sign) giving them first refusal and 20% of the profit when I wanted the sell the piece. So basically I was renting the work from them!
Maddox notoriously expensive and in some cases demand a 20% overage on anything you buy from them. I almost bought a piece earlier in the year until i saw the Ts&Cs (which I was asked to sign) giving them first refusal and 20% of the profit when I wanted the sell the piece. So basically I was renting the work from them! is that even legal? |
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Deleted
๐จ๏ธ 0
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January 1970
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Maddox Gallery, by Deleted on Nov 13, 2020 17:04:17 GMT 1, Maddox notoriously expensive and in some cases demand a 20% overage on anything you buy from them. I almost bought a piece earlier in the year until i saw the Ts&Cs (which I was asked to sign) giving them first refusal and 20% of the profit when I wanted the sell the piece. So basically I was renting the work from them! is that even legal?
I doubt there's a law against it... and if you sign a contract, you're obliged.
It's even more foolish to sign up to that when there are dozens of galleries nearby who would be more than happy to deal in your terms.
Maddox notoriously expensive and in some cases demand a 20% overage on anything you buy from them. I almost bought a piece earlier in the year until i saw the Ts&Cs (which I was asked to sign) giving them first refusal and 20% of the profit when I wanted the sell the piece. So basically I was renting the work from them! is that even legal? I doubt there's a law against it... and if you sign a contract, you're obliged. It's even more foolish to sign up to that when there are dozens of galleries nearby who would be more than happy to deal in your terms. |
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Deleted
๐จ๏ธ 0
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January 1970
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Maddox Gallery, by Deleted on Nov 13, 2020 17:05:36 GMT 1, I doubt there's a law against it... and if you sign a contract, you're obliged. It's even more foolish to sign up to that when there are dozens of galleries nearby who would be more than happy to deal in your terms.
Would be fun (that's how I roll) to see the contract. Anyone got a copy?
I doubt there's a law against it... and if you sign a contract, you're obliged. It's even more foolish to sign up to that when there are dozens of galleries nearby who would be more than happy to deal in your terms. Would be fun (that's how I roll) to see the contract. Anyone got a copy? |
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Dubman
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Maddox Gallery, by Dubman on Nov 13, 2020 17:20:06 GMT 1, On the website - maddoxgallery.com/terms-and-conditions/
Right of 20% Overage
You (โThe Clientโ) agree to pay Maddox Gallery Gallery Limited (โthe Companyโ) 20% (โThe Overageโ) of any profit achieved from the resale of any art you purchase through Maddox Gallery. This overage is to be paid across to the Maddox Gallery company bank account or an account of the companies choosing within 5 business days of the resale of the work of art by the client.
Theres a 'first refusal' clause too...
It's the equivalent of buying a house, living in it for 20 years and then giving the old owner 20% of the profit when you sell it.
Genius #alwaysreadthesmallprint
On the website - maddoxgallery.com/terms-and-conditions/Right of 20% Overage You (โThe Clientโ) agree to pay Maddox Gallery Gallery Limited (โthe Companyโ) 20% (โThe Overageโ) of any profit achieved from the resale of any art you purchase through Maddox Gallery. This overage is to be paid across to the Maddox Gallery company bank account or an account of the companies choosing within 5 business days of the resale of the work of art by the client. Theres a 'first refusal' clause too... It's the equivalent of buying a house, living in it for 20 years and then giving the old owner 20% of the profit when you sell it. Genius #alwaysreadthesmallprint |
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gd79
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Maddox Gallery, by gd79 on Nov 13, 2020 17:25:21 GMT 1, I doubt there's a law against it... and if you sign a contract, you're obliged. It's even more foolish to sign up to that when there are dozens of galleries nearby who would be more than happy to deal in your terms.
But it may not be legally enforceable. Or at least, it's not like they micro-chip the art. Doesn't have to be a visible sale
I doubt there's a law against it... and if you sign a contract, you're obliged. It's even more foolish to sign up to that when there are dozens of galleries nearby who would be more than happy to deal in your terms. But it may not be legally enforceable. Or at least, it's not like they micro-chip the art. Doesn't have to be a visible sale |
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iamzero
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Maddox Gallery, by iamzero on Nov 13, 2020 17:55:10 GMT 1, Wankers.
Wankers.
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Maddox Gallery, by Carl Cashman Art on Nov 13, 2020 18:10:24 GMT 1, Maddox notoriously expensive and in some cases demand a 20% overage on anything you buy from them. I almost bought a piece earlier in the year until i saw the Ts&Cs (which I was asked to sign) giving them first refusal and 20% of the profit when I wanted the sell the piece. So basically I was renting the work from them!
Maddox notoriously expensive and in some cases demand a 20% overage on anything you buy from them. I almost bought a piece earlier in the year until i saw the Ts&Cs (which I was asked to sign) giving them first refusal and 20% of the profit when I wanted the sell the piece. So basically I was renting the work from them! Next time someone sells them a piece, they should demand the same terms. |
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Dive Jedi
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Maddox Gallery, by Dive Jedi on Nov 13, 2020 18:16:31 GMT 1, On the website - maddoxgallery.com/terms-and-conditions/Right of 20% Overage You (โThe Clientโ) agree to pay Maddox Gallery Gallery Limited (โthe Companyโ) 20% (โThe Overageโ) of any profit achieved from the resale of any art you purchase through Maddox Gallery. This overage is to be paid across to the Maddox Gallery company bank account or an account of the companies choosing within 5 business days of the resale of the work of art by the client. Theres a 'first refusal' clause too... It's the equivalent of buying a house, living in it for 20 years and then giving the old owner 20% of the profit when you sell it. Genius #alwaysreadthesmallprint
W T F'ing F !!
On the website - maddoxgallery.com/terms-and-conditions/Right of 20% Overage You (โThe Clientโ) agree to pay Maddox Gallery Gallery Limited (โthe Companyโ) 20% (โThe Overageโ) of any profit achieved from the resale of any art you purchase through Maddox Gallery. This overage is to be paid across to the Maddox Gallery company bank account or an account of the companies choosing within 5 business days of the resale of the work of art by the client. Theres a 'first refusal' clause too... It's the equivalent of buying a house, living in it for 20 years and then giving the old owner 20% of the profit when you sell it. Genius #alwaysreadthesmallprint W T F'ing F !! |
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Dive Jedi
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Maddox Gallery, by Dive Jedi on Nov 13, 2020 18:17:53 GMT 1, I spoke directly to Maddox to purchase a Banksy about 2 months ago... gave them my pretty healthy budget and they promised a price list and PDFs of all available works later that morning. Never heard from them again... they lost my business to another party!
Thanks again for buying my Peckham Rock instead, Yorky !
I spoke directly to Maddox to purchase a Banksy about 2 months ago... gave them my pretty healthy budget and they promised a price list and PDFs of all available works later that morning. Never heard from them again... they lost my business to another party! Thanks again for buying my Peckham Rock instead, Yorky ! |
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Maddox Gallery, by verylittlehelps on Nov 13, 2020 18:44:19 GMT 1, Tbh, I bought something from Maddox quite a while ago. They've never contacted me since and would have no idea whether I still owned the artwork or not. I don't know how those sorts of clauses would ever work in practice unless you told them you wanted to sell.
Tbh, I bought something from Maddox quite a while ago. They've never contacted me since and would have no idea whether I still owned the artwork or not. I don't know how those sorts of clauses would ever work in practice unless you told them you wanted to sell.
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mikesdot
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kawsect
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Maddox Gallery, by kawsect on Nov 30, 2020 19:14:34 GMT 1, Talk about overpriced! This coming from a Jerkface fan.
Talk about overpriced! This coming from a Jerkface fan.
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kapusta
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Maddox Gallery, by kapusta on Nov 30, 2020 19:24:32 GMT 1, Not good
Not good
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Winter
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Maddox Gallery, by Winter on Nov 30, 2020 19:32:43 GMT 1, Maybe those particular images would struggle as a screenprint. Price does feel aggressive but maybe not to Maddox clientelle
Maybe those particular images would struggle as a screenprint. Price does feel aggressive but maybe not to Maddox clientelle
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acaipride
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Maddox Gallery, by acaipride on Nov 30, 2020 19:47:42 GMT 1, Very small edition, that white one is a def. buy for me, the effect on the eyes and technique is great, always a fan. Price is about 500 usd too high though :/
Ppl complaining about a priced glicee in all caps and exclamation marks, meanwhile so many other artists are selling glicees beyond this price point ๐ฅฑ , like me nana used to say..oh well you had a nana too, you know the saying๐
Very small edition, that white one is a def. buy for me, the effect on the eyes and technique is great, always a fan. Price is about 500 usd too high though :/
Ppl complaining about a priced glicee in all caps and exclamation marks, meanwhile so many other artists are selling glicees beyond this price point ๐ฅฑ , like me nana used to say..oh well you had a nana too, you know the saying๐
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TAXED
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storch
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Maddox Gallery, by storch on Jul 30, 2021 13:35:18 GMT 1, Guys I need your help. I think that Maddox Gallery is ripping me off. They offered me a print of an artist for 140k and I found that it usually goes for 100k.
In general, they are always proposing "great" investments but I am very unsure about them.
What is your opinion? Thanks
Guys I need your help. I think that Maddox Gallery is ripping me off. They offered me a print of an artist for 140k and I found that it usually goes for 100k.
In general, they are always proposing "great" investments but I am very unsure about them.
What is your opinion? Thanks
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storch
New Member
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June 2021
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Maddox Gallery, by storch on Jul 30, 2021 13:35:33 GMT 1, Guys I need your help. I think that Maddox Gallery is ripping me off. They offered me a print of an artist for 140k and I found that it usually goes for 100k.
In general, they are always proposing "great" investments but I am very unsure about them.
What is your opinion? Thanks
Guys I need your help. I think that Maddox Gallery is ripping me off. They offered me a print of an artist for 140k and I found that it usually goes for 100k.
In general, they are always proposing "great" investments but I am very unsure about them.
What is your opinion? Thanks
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anic
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February 2013
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Maddox Gallery, by anic on Jul 30, 2021 13:41:24 GMT 1, I think you have answered your own question, they bump the prices up.
I think you have answered your own question, they bump the prices up.
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Lazarus II
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Maddox Gallery, by Lazarus II on Jul 30, 2021 14:00:03 GMT 1, Guys I need your help. I think that Maddox Gallery is ripping me off. They offered me a print of an artist for 140k and I found that it usually goes for 100k. In general, they are always proposing "great" investments but I am very unsure about them. What is your opinion? Thanks
ยฃ40k differential seems a bit low for Maddox, you should bite their hand off !
Guys I need your help. I think that Maddox Gallery is ripping me off. They offered me a print of an artist for 140k and I found that it usually goes for 100k. In general, they are always proposing "great" investments but I am very unsure about them. What is your opinion? Thanks ยฃ40k differential seems a bit low for Maddox, you should bite their hand off ! |
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teabaggins
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Maddox Gallery, by teabaggins on Jul 30, 2021 14:24:23 GMT 1, Guys I need your help. I think that Maddox Gallery is ripping me off. They offered me a print of an artist for 140k and I found that it usually goes for 100k. In general, they are always proposing "great" investments but I am very unsure about them. What is your opinion? Thanks
โHas previously sold for Xโ and โis currently available somewhere for Xโ are very different things. If itโs the only work available then the price is the price. If you are uncomfortable with the gap you can always hope to find one for less at a later date.
Guys I need your help. I think that Maddox Gallery is ripping me off. They offered me a print of an artist for 140k and I found that it usually goes for 100k. In general, they are always proposing "great" investments but I am very unsure about them. What is your opinion? Thanks โHas previously sold for Xโ and โis currently available somewhere for Xโ are very different things. If itโs the only work available then the price is the price. If you are uncomfortable with the gap you can always hope to find one for less at a later date. |
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u%hdjfka c
Junior Member
๐จ๏ธ 1,003
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January 2021
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Maddox Gallery, by u%hdjfka c on Jul 30, 2021 15:00:31 GMT 1, Guys I need your help. I think that Maddox Gallery is ripping me off. They offered me a print of an artist for 140k and I found that it usually goes for 100k. In general, they are always proposing "great" investments but I am very unsure about them. What is your opinion? Thanks
at a much better price
Guys I need your help. I think that Maddox Gallery is ripping me off. They offered me a print of an artist for 140k and I found that it usually goes for 100k. In general, they are always proposing "great" investments but I am very unsure about them. What is your opinion? Thanks If you're looking for a particular print you might find someone on here that will sell it to you at a much better price |
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storch
New Member
๐จ๏ธ 58
๐๐ป 16
June 2021
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Maddox Gallery, by storch on Jul 30, 2021 15:09:29 GMT 1, Guys I need your help. I think that Maddox Gallery is ripping me off. They offered me a print of an artist for 140k and I found that it usually goes for 100k. In general, they are always proposing "great" investments but I am very unsure about them. What is your opinion? Thanks โHas previously sold for Xโ and โis currently available somewhere for Xโ are very different things. If itโs the only work available then the price is the price. If you are uncomfortable with the gap you can always hope to find one for less at a later date.
Guys I need your help. I think that Maddox Gallery is ripping me off. They offered me a print of an artist for 140k and I found that it usually goes for 100k. In general, they are always proposing "great" investments but I am very unsure about them. What is your opinion? Thanks โHas previously sold for Xโ and โis currently available somewhere for Xโ are very different things. If itโs the only work available then the price is the price. If you are uncomfortable with the gap you can always hope to find one for less at a later date. Thanks for correcting me - makes sense. I mean that it is a print and I got multiple offered for 100k. |
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Maddox Gallery, by Pint of cockles on Jul 30, 2021 15:10:02 GMT 1, I do not think itโs just Maddox
Thereโs a few sharks on this forum asking to much for stuff
Just do as much homework yourself
I do not think itโs just Maddox
Thereโs a few sharks on this forum asking to much for stuff
Just do as much homework yourself
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