mose
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May 2017
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Banksy Grappling Hook, by mose on Dec 14, 2017 7:43:59 GMT 1, Fascinating decision. Thank you for sharing this.
My natural instinct would be to say 'no' unless you line up a buyer before putting the money down, take a hefty deposit from them, have a written contract outlining payment terms and the handling of the Pest Control COA, and get a handsome commission given the hassle/risk involved. It's gotta be worth it.
I look at something like this as a trap. It beckons you in 'look, a rare Banksy, oh buy me' but then, after the glow wears off, several months or years later, you have a pricey item with a very small market. This is niche, very niche and, as a result, will be harder to move and will appreciate slower(or depreciate faster as the case may be) than items with more broad-based appeal(for example, a 'Girl with Balloon' that will easily hang above the sofa).
Look at the past history of the Watchtowers from 2007. Does that make you more or less confident?
To me, the Banksy print/edition market is a massively overinflated bubble and bubbles pop, making a big mess for everyone caught in 'em. Further, I was taught, and have learned hard lessons, that you never buy atypical works. EVER. Like special edition artist books, the atypical work tends to be a sucker bet. This current piece combines both of these and, IMO, rather loudly yells 'pass'.
Fascinating decision. Thank you for sharing this.
My natural instinct would be to say 'no' unless you line up a buyer before putting the money down, take a hefty deposit from them, have a written contract outlining payment terms and the handling of the Pest Control COA, and get a handsome commission given the hassle/risk involved. It's gotta be worth it.
I look at something like this as a trap. It beckons you in 'look, a rare Banksy, oh buy me' but then, after the glow wears off, several months or years later, you have a pricey item with a very small market. This is niche, very niche and, as a result, will be harder to move and will appreciate slower(or depreciate faster as the case may be) than items with more broad-based appeal(for example, a 'Girl with Balloon' that will easily hang above the sofa).
Look at the past history of the Watchtowers from 2007. Does that make you more or less confident?
To me, the Banksy print/edition market is a massively overinflated bubble and bubbles pop, making a big mess for everyone caught in 'em. Further, I was taught, and have learned hard lessons, that you never buy atypical works. EVER. Like special edition artist books, the atypical work tends to be a sucker bet. This current piece combines both of these and, IMO, rather loudly yells 'pass'.
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iamzero
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Banksy Grappling Hook, by iamzero on Dec 14, 2017 7:49:35 GMT 1, Thatโs a lot of money dude.
Thatโs a lot of money dude.
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nobokov
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Banksy Grappling Hook, by nobokov on Dec 14, 2017 7:54:32 GMT 1, See if you can trade in the opportunity for a ยฃ500 Sale Ends. That would be the better deal, unless you have an immediate need to scale a wall to reach a pot of gold.
I'd definitely go with the house, at least you can live in it with your regrets.
See if you can trade in the opportunity for a ยฃ500 Sale Ends. That would be the better deal, unless you have an immediate need to scale a wall to reach a pot of gold.
I'd definitely go with the house, at least you can live in it with your regrets.
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.dappy
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Banksy Grappling Hook, by .dappy on Dec 14, 2017 7:55:00 GMT 1, So I was at the Walled Off in September and put my name down for theย Crucifix Grappling Hook lottery. Randomly got an email from sales@walledoffhotel.com offering me the crucifix saying my name was pulled from the "hat" ...a fedora perhaps?ย It's 40K GBP?! Signed edition of less than 30. Not an easy cheap purchase, more like a new home depositย Should I buy? Thoughts? Or should I just buy a home? Who thinks it is a good investment and would guesstimate it's possible future value? Details of the offer below via The Walled Off Hotel. Sounds like POW UK handling the sale: "Commiserations. Your name has been pulled out of the hat to purchase one of Banksyโs limited-edition Grappling Hooks. Full details below.
Banksy 'Grappling Hook' Wooden cross finished with woodstain and shellac, painted aluminium hooks and bolts, painted polyurethane Jesus, synthetic hemp rope, steel bracket and pin, instruction sheet, stainless steel screws. signed and numbered by artist Executed in 2017 H:60cm x W:42cm x D:24cm deep - plus rope ยฃ40,000 + VAT (if applicable)
Grappling Hooks will be shipped w/c 15th January 2018. Please note: applications for Pest Control Certificates of Authenticity will not be invited for these works until January 2019 and will only be issued to the original owner."
... really difficult decision ... I suppose the first question is ' have you got ยฃ40k lying around?'. and then as you say whether you have it for other other parts of your life and what is more important for you?
So I was at the Walled Off in September and put my name down for theย Crucifix Grappling Hook lottery. Randomly got an email from sales@walledoffhotel.com offering me the crucifix saying my name was pulled from the "hat" ...a fedora perhaps?ย It's 40K GBP?! Signed edition of less than 30. Not an easy cheap purchase, more like a new home depositย Should I buy? Thoughts? Or should I just buy a home? Who thinks it is a good investment and would guesstimate it's possible future value? Details of the offer below via The Walled Off Hotel. Sounds like POW UK handling the sale: "Commiserations. Your name has been pulled out of the hat to purchase one of Banksyโs limited-edition Grappling Hooks. Full details below.
Banksy 'Grappling Hook' Wooden cross finished with woodstain and shellac, painted aluminium hooks and bolts, painted polyurethane Jesus, synthetic hemp rope, steel bracket and pin, instruction sheet, stainless steel screws. signed and numbered by artist Executed in 2017 H:60cm x W:42cm x D:24cm deep - plus rope ยฃ40,000 + VAT (if applicable)
Grappling Hooks will be shipped w/c 15th January 2018. Please note: applications for Pest Control Certificates of Authenticity will not be invited for these works until January 2019 and will only be issued to the original owner."
... really difficult decision ... I suppose the first question is ' have you got ยฃ40k lying around?'. and then as you say whether you have it for other other parts of your life and what is more important for you?
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mose
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May 2017
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Banksy Grappling Hook, by mose on Dec 14, 2017 8:08:47 GMT 1, additional note. The cynic in me would think something like 'If I randomly got an email, that likely means they already offered the edition to their VIP list, enough of whom didn't see value and passed, before they reached out to someone who just put their name down'.
additional note. The cynic in me would think something like 'If I randomly got an email, that likely means they already offered the edition to their VIP list, enough of whom didn't see value and passed, before they reached out to someone who just put their name down'.
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Gunny
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Banksy Grappling Hook, by Gunny on Dec 14, 2017 8:10:43 GMT 1, No brainer IMO
No brainer IMO
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jluhiex
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Banksy Grappling Hook, by jluhiex on Dec 14, 2017 8:11:29 GMT 1, So I was at the Walled Off in September and put my name down for theย Crucifix Grappling Hook lottery. Randomly got an email from sales@walledoffhotel.com offering me the crucifix saying my name was pulled from the "hat" ...a fedora perhaps?ย It's 40K GBP?! Signed edition of less than 30. Not an easy cheap purchase, more like a new home depositย Should I buy? Thoughts? Or should I just buy a home? Who thinks it is a good investment and would guesstimate it's possible future value? Details of the offer below via The Walled Off Hotel. Sounds like POW UK handling the sale: "Commiserations. Your name has been pulled out of the hat to purchase one of Banksyโs limited-edition Grappling Hooks. Full details below.
Banksy 'Grappling Hook' Wooden cross finished with woodstain and shellac, painted aluminium hooks and bolts, painted polyurethane Jesus, synthetic hemp rope, steel bracket and pin, instruction sheet, stainless steel screws. signed and numbered by artist Executed in 2017 H:60cm x W:42cm x D:24cm deep - plus rope ยฃ40,000 + VAT (if applicable)
Grappling Hooks will be shipped w/c 15th January 2018. Please note: applications for Pest Control Certificates of Authenticity will not be invited for these works until January 2019 and will only be issued to the original owner."
If you don't buy it someone else will.
As with anything in life, buy within your means with no regrets. Easier said than done right?
So I was at the Walled Off in September and put my name down for theย Crucifix Grappling Hook lottery. Randomly got an email from sales@walledoffhotel.com offering me the crucifix saying my name was pulled from the "hat" ...a fedora perhaps?ย It's 40K GBP?! Signed edition of less than 30. Not an easy cheap purchase, more like a new home depositย Should I buy? Thoughts? Or should I just buy a home? Who thinks it is a good investment and would guesstimate it's possible future value? Details of the offer below via The Walled Off Hotel. Sounds like POW UK handling the sale: "Commiserations. Your name has been pulled out of the hat to purchase one of Banksyโs limited-edition Grappling Hooks. Full details below.
Banksy 'Grappling Hook' Wooden cross finished with woodstain and shellac, painted aluminium hooks and bolts, painted polyurethane Jesus, synthetic hemp rope, steel bracket and pin, instruction sheet, stainless steel screws. signed and numbered by artist Executed in 2017 H:60cm x W:42cm x D:24cm deep - plus rope ยฃ40,000 + VAT (if applicable)
Grappling Hooks will be shipped w/c 15th January 2018. Please note: applications for Pest Control Certificates of Authenticity will not be invited for these works until January 2019 and will only be issued to the original owner."
If you don't buy it someone else will. As with anything in life, buy within your means with no regrets. Easier said than done right?
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gd79
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September 2015
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Banksy Grappling Hook, by gd79 on Dec 14, 2017 8:36:19 GMT 1, They'll comfortably sell thirty.
Not much advice, but look carefully at any extra charges as well. If it is shipping from UK and attracts VAT then that's another cool 8k. If it's overseas and attracts customs charges it could be more.
In other words, don't sell yourself on it at 40k and then have to find another few grand lying around
They'll comfortably sell thirty.
Not much advice, but look carefully at any extra charges as well. If it is shipping from UK and attracts VAT then that's another cool 8k. If it's overseas and attracts customs charges it could be more.
In other words, don't sell yourself on it at 40k and then have to find another few grand lying around
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Deleted
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January 1970
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Banksy Grappling Hook, by Deleted on Dec 14, 2017 8:38:41 GMT 1, Buy it with the wife's card, she will be fine I'm sure
Buy it with the wife's card, she will be fine I'm sure
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helium
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Banksy Grappling Hook, by helium on Dec 14, 2017 8:48:18 GMT 1, Holy grappling hooks 40k That's a huge decision Me personally wouldn't buy it's too much of a risk playing the big figures like that Could easily see them selling for more in the future but I just couldn't play the game at them numbers
Holy grappling hooks 40k That's a huge decision Me personally wouldn't buy it's too much of a risk playing the big figures like that Could easily see them selling for more in the future but I just couldn't play the game at them numbers
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blerd
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Banksy Grappling Hook, by blerd on Dec 14, 2017 9:01:30 GMT 1, 100% buy!
100% buy!
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cyberkid
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Banksy Grappling Hook, by cyberkid on Dec 14, 2017 9:14:02 GMT 1, i would buy and add it to my collection. wow...a great oportunity to get a banksy from source...!!
but i can understand your thoughts with the home deposit. in your case...share the costs, risk and profit: try to find 2-3 collector friends, make a contract, share the costs and put it to an auction house after getting the coa. i am sure you will make a profit. invest in your home.
i would buy and add it to my collection. wow...a great oportunity to get a banksy from source...!!
but i can understand your thoughts with the home deposit. in your case...share the costs, risk and profit: try to find 2-3 collector friends, make a contract, share the costs and put it to an auction house after getting the coa. i am sure you will make a profit. invest in your home.
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streetartger
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Banksy Grappling Hook, by streetartger on Dec 14, 2017 9:28:30 GMT 1, Okay... it's a Banksy... but 40k + Shipping + 19% VAT in Germany ?! Wow... The PEJAC sculpture for 2.3k seems a steal compared to this price tag...
Hard decision... I would also follow cyberkid's advice...
Okay... it's a Banksy... but 40k + Shipping + 19% VAT in Germany ?! Wow... The PEJAC sculpture for 2.3k seems a steal compared to this price tag...
Hard decision... I would also follow cyberkid's advice...
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Boyle44
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Banksy Grappling Hook, by Boyle44 on Dec 14, 2017 9:28:34 GMT 1, 40k plus vat is big money for this I would have a long think about it before you say yes.
40k plus vat is big money for this I would have a long think about it before you say yes.
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viz
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September 2017
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Banksy Grappling Hook, by viz on Dec 14, 2017 9:32:24 GMT 1, very difficult decision, i agree with a lot of what mose wrote (especially this one... " Further, I was taught, and have learned hard lessons, that you never buy atypical works. EVER.") but the suggestion by cyberkid seem to be very good, although that would cause to have problems enjoying it as it might need to be put in a secure place agreed by the parties.
This is a piece I would more likely see exhibited in a museum, rather than in a private home...
anyway, probably you already received some PMs making you decision much easier...
very difficult decision, i agree with a lot of what mose wrote (especially this one... " Further, I was taught, and have learned hard lessons, that you never buy atypical works. EVER.") but the suggestion by cyberkid seem to be very good, although that would cause to have problems enjoying it as it might need to be put in a secure place agreed by the parties. This is a piece I would more likely see exhibited in a museum, rather than in a private home... anyway, probably you already received some PMs making you decision much easier...
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Carl Cashman
Artist
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Banksy Grappling Hook, by Carl Cashman on Dec 14, 2017 9:39:55 GMT 1, Congrats, unfortunately didnt get the mail... stoked for all that did โ
Congrats, unfortunately didnt get the mail... stoked for all that did โ
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Gunny
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Banksy Grappling Hook, by Gunny on Dec 14, 2017 9:41:13 GMT 1, Not many Banksy's sculpture wise, makes this a must buy - It is also exactly what viz says, a museum piece. You would expect to see it exhibited in a museum or similar. Don't forget all proceeds stay in the local community, so Banksy has to be commended for that. A cracking piece and an amazing opportunity, good for you and well done!
Not many Banksy's sculpture wise, makes this a must buy - It is also exactly what viz says, a museum piece. You would expect to see it exhibited in a museum or similar. Don't forget all proceeds stay in the local community, so Banksy has to be commended for that. A cracking piece and an amazing opportunity, good for you and well done!
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Banksy Grappling Hook, by Not 4 The Thril on Dec 14, 2017 9:44:21 GMT 1, BUY IT
WHO NEEDS A HOME WHEN YOU CAN USE THE LORD
TO GRAPPLE INTO OTHER PEOPLES HOMES
BUY IT
WHO NEEDS A HOME WHEN YOU CAN USE THE LORD
TO GRAPPLE INTO OTHER PEOPLES HOMES
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v00d00
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November 2017
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Banksy Grappling Hook, by v00d00 on Dec 14, 2017 9:44:59 GMT 1, That's a massive amount of pressure to drop on someone.
I'd love to see the instruction sheet though.
That's a massive amount of pressure to drop on someone.
I'd love to see the instruction sheet though.
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rosac
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Banksy Grappling Hook, by rosac on Dec 14, 2017 9:47:34 GMT 1, buy it
buy it
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Nuno
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Banksy Grappling Hook, by Nuno on Dec 14, 2017 9:49:42 GMT 1, ยฃ1.2m for the locals(?). What a lovely Christmas present
ยฃ1.2m for the locals(?). What a lovely Christmas present
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sanbasoul1
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Banksy Grappling Hook, by sanbasoul1 on Dec 14, 2017 9:51:19 GMT 1, Dilemma!
Dilemma!
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Aubrey 245
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Banksy Grappling Hook, by Aubrey 245 on Dec 14, 2017 9:54:57 GMT 1, Get 3 friends to share the amount and BUY!!!
Get 3 friends to share the amount and BUY!!!
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robdog
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Banksy Grappling Hook, by robdog on Dec 14, 2017 10:09:02 GMT 1, Please note: applications for Pest Control Certificates of Authenticity will not be invited for these works until January 2019 and will only be issued to the original owner."
This was an interesting line to me. Wonder if that will affect the Sale Ends prints too.
Please note: applications for Pest Control Certificates of Authenticity will not be invited for these works until January 2019 and will only be issued to the original owner."
This was an interesting line to me. Wonder if that will affect the Sale Ends prints too.
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v00d00
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November 2017
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Banksy Grappling Hook, by v00d00 on Dec 14, 2017 10:13:22 GMT 1, Please note: applications for Pest Control Certificates of Authenticity will not be invited for these works until January 2019 and will only be issued to the original owner."
This was an interesting line to me. Wonder if that will affect the Sale Ends prints too. This little addition wasn't on the Sale Ends email.
Please note: applications for Pest Control Certificates of Authenticity will not be invited for these works until January 2019 and will only be issued to the original owner."
This was an interesting line to me. Wonder if that will affect the Sale Ends prints too. This little addition wasn't on the Sale Ends email.
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bjoern
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Banksy Grappling Hook, by bjoern on Dec 14, 2017 10:23:14 GMT 1, Amazing. My name was also on the list but had no luck this time. Seems like this is really the same size as the one displayed in the lobby.
40k is really expensive, but besides this it is a must buy and I would share the amount with friends.
CONGRATULATIONS!
Amazing. My name was also on the list but had no luck this time. Seems like this is really the same size as the one displayed in the lobby.
40k is really expensive, but besides this it is a must buy and I would share the amount with friends.
CONGRATULATIONS!
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eschiff
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Banksy Grappling Hook, by eschiff on Dec 14, 2017 10:25:28 GMT 1, Got the email as well. Tough call!
Got the email as well. Tough call!
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bjoern
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Banksy Grappling Hook, by bjoern on Dec 14, 2017 10:29:49 GMT 1, Got the email as well. Tough call! when were they sent out?
Got the email as well. Tough call! when were they sent out?
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Morfx
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Banksy Grappling Hook, by Morfx on Dec 14, 2017 10:31:19 GMT 1, 40k... Wowzers..
40k... Wowzers..
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Deleted
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January 1970
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Banksy Grappling Hook, by Deleted on Dec 14, 2017 10:36:25 GMT 1, According to you other post you have already paid for it a couple of months ago.....
According to you other post you have already paid for it a couple of months ago.....
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