Urban Art Association

Kaws NGV - COMPANIONSHIP IN THE AGE OF LONELINESS, by Deleted on Dec 2, 2019 23:02:00 GMT 1,

Dec 2, 2019 21:52:21 GMT 1 krazy said:

Dec 2, 2019 16:06:13 GMT 1 orchid said:

Why price to avoid flipping straightaway, unlike the other work he and other artists release to allow for secondary? No meat here, still available to the whole globe and still unsold. At this price point and edition size, we've reached tipping point in saturation. I don't see long term stability.

Why would they want to add meat for the flippers? I know for a fact that Brian hates that people flip his art for a profit. Even his original pieces are only sold to people that he believes won't be flipping them.

This piece is priced at around the current "flipper" price so that they can have a higher chance of getting into the true collectors hands. The very sad side effect is that some true fans without deep stacks of $$$ can't collect his work. It's a trade off (also, a large portion of the profit goes to the NGV, which is a not for profit).

The impression that he only hangs with the rich and famous and favours them with his work is absolutely true, but mostly because of some bad experiences with too many people selling his work at a huge profit (remember, he doesn't make a cent from the resale value). In some cases, he's actually the buyer in some auctions so he can bring the work back into his folio.

I've personally owned about 5 original paintings from kaws. I was forced to sell all but 1 due to a messy divorce and near bankruptcy. 2 of them went back to KAWS, and the other 2 were sold to collectors. One of those ended up back in Brian's hands recently (the original Tokion bus stop painting).

So what I'm trying to say from this long rant is that the print was priced perfectly to avoid flippers jumping straight into it. Sure, it'll go up in value, but it'll take months, or even a year or so to see a big increase.

Also note that KAWS prices still have a lot of upside. Despite the $14m sale.. most pieces go for around ~$1m, which is still far below a few other living artists.

Finally some light amongst a sea of bitterness. I hope the one original you have left is the best of the bunch.

Dec 2, 2019 21:52:21 GMT 1 krazy said:

Dec 2, 2019 16:06:13 GMT 1 orchid said:

Why price to avoid flipping straightaway, unlike the other work he and other artists release to allow for secondary? No meat here, still available to the whole globe and still unsold. At this price point and edition size, we've reached tipping point in saturation. I don't see long term stability.

Why would they want to add meat for the flippers? I know for a fact that Brian hates that people flip his art for a profit. Even his original pieces are only sold to people that he believes won't be flipping them.

This piece is priced at around the current "flipper" price so that they can have a higher chance of getting into the true collectors hands. The very sad side effect is that some true fans without deep stacks of $$$ can't collect his work. It's a trade off (also, a large portion of the profit goes to the NGV, which is a not for profit).

The impression that he only hangs with the rich and famous and favours them with his work is absolutely true, but mostly because of some bad experiences with too many people selling his work at a huge profit (remember, he doesn't make a cent from the resale value). In some cases, he's actually the buyer in some auctions so he can bring the work back into his folio.

I've personally owned about 5 original paintings from kaws. I was forced to sell all but 1 due to a messy divorce and near bankruptcy. 2 of them went back to KAWS, and the other 2 were sold to collectors. One of those ended up back in Brian's hands recently (the original Tokion bus stop painting).

So what I'm trying to say from this long rant is that the print was priced perfectly to avoid flippers jumping straight into it. Sure, it'll go up in value, but it'll take months, or even a year or so to see a big increase.

Also note that KAWS prices still have a lot of upside. Despite the $14m sale.. most pieces go for around ~$1m, which is still far below a few other living artists.

Finally some light amongst a sea of bitterness. I hope the one original you have left is the best of the bunch.