Knowss
New Member
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November 2019
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Banksy Basquiat Print, Gross Domestic Product™, by Knowss on May 15, 2020 17:03:44 GMT 1, Sirarthur probably works for Marcel Katz Art in Miami lol
Sirarthur probably works for Marcel Katz Art in Miami lol
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Banksy Basquiat Print, Gross Domestic Product™, by Extra Ball on May 15, 2020 17:10:56 GMT 1, I think sirathur does not care about the aesthetic aspect of the object and is focused on the financial side that it can represent. He thinks he will find a good alternative to his stock market investments or his real estate and will never put his print on the wall.
that kind of member makes me sick and bored
I think sirathur does not care about the aesthetic aspect of the object and is focused on the financial side that it can represent. He thinks he will find a good alternative to his stock market investments or his real estate and will never put his print on the wall.
that kind of member makes me sick and bored
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teabaggins
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November 2018
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Banksy Basquiat Print, Gross Domestic Product™, by teabaggins on May 15, 2020 17:17:18 GMT 1, I am always astounded as to the effectiveness of troll accounts.
I am always astounded as to the effectiveness of troll accounts.
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Banksy Basquiat Print, Gross Domestic Product™, by Terry Fuckwitt on May 15, 2020 18:06:29 GMT 1, There is no risk for this print popularity, because it’s tribute to Basquiat. This is first GDP print being sold by Banksy itself. The only problem here is that early buyers could be without COA The only problem you point out, is a massive problem for many. And why would anyone care it came from GDP? I've heard there are high quality fakes out there now, as many know there are no coa's and they'll catch a few mugs. The fakes are screenprinted and of the highest quality in both grey and black, even have a blindstamp. Not to mention that PC will only issue COA to the original owner, so better stay on the sellers good side after you fork over your cash. Send a gift on their birthday, if they think you ripped off on purchase, start saving for the ransom.
I would also send the seller and their family monthly supplies of ppe for the next two years. Maybe also give them a medical, you certainly don't want them having any underlying health issues. After that you're good to go😉
There is no risk for this print popularity, because it’s tribute to Basquiat. This is first GDP print being sold by Banksy itself. The only problem here is that early buyers could be without COA The only problem you point out, is a massive problem for many. And why would anyone care it came from GDP? I've heard there are high quality fakes out there now, as many know there are no coa's and they'll catch a few mugs. The fakes are screenprinted and of the highest quality in both grey and black, even have a blindstamp. Not to mention that PC will only issue COA to the original owner, so better stay on the sellers good side after you fork over your cash. Send a gift on their birthday, if they think you ripped off on purchase, start saving for the ransom. I would also send the seller and their family monthly supplies of ppe for the next two years. Maybe also give them a medical, you certainly don't want them having any underlying health issues. After that you're good to go😉 |
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glap86
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May 2019
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Banksy Basquiat Print, Gross Domestic Product™, by glap86 on May 15, 2020 18:10:45 GMT 1, Sirarthur probably works for Marcel Katz Art in Miami lol
Do people have bad experiences with Marcel Katz here? I haven’t purchased from them but I’ve inquired on a few pieces, and their communication has been top notch. One of the best in that regard that I’ve reached out to.
Sirarthur probably works for Marcel Katz Art in Miami lol Do people have bad experiences with Marcel Katz here? I haven’t purchased from them but I’ve inquired on a few pieces, and their communication has been top notch. One of the best in that regard that I’ve reached out to. |
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Knowss
New Member
🗨️ 369
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November 2019
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Banksy Basquiat Print, Gross Domestic Product™, by Knowss on May 15, 2020 19:02:08 GMT 1, Sirarthur probably works for Marcel Katz Art in Miami lol Do people have bad experiences with Marcel Katz here? I haven’t purchased from them but I’ve inquired on a few pieces, and their communication has been top notch. One of the best in that regard that I’ve reached out to.
🤷🏻♂️ never bought anything personally. I'm just joking because they have a Banksquiat listed for 75k
Sirarthur probably works for Marcel Katz Art in Miami lol Do people have bad experiences with Marcel Katz here? I haven’t purchased from them but I’ve inquired on a few pieces, and their communication has been top notch. One of the best in that regard that I’ve reached out to. 🤷🏻♂️ never bought anything personally. I'm just joking because they have a Banksquiat listed for 75k |
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oarts
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May 2019
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Banksy Basquiat Print, Gross Domestic Product™, by oarts on May 15, 2020 21:11:59 GMT 1, Hello all,
I have a friend who may be interested in selling their Banksquiat on Grey Paper for the right offer.
Please feel free to Private Message me if you are serious.
Please note* NO this is NOT my print, rather a close friend of mine.
Also note* Any sub par offers will kindly be ignored- (I have already offered my friend those types of offers and they respectfully declined)
ALSO ALSO NOTE* A legal promise to deliver COA will also be included with the purchase.
Location: USA.
Hello all,
I have a friend who may be interested in selling their Banksquiat on Grey Paper for the right offer.
Please feel free to Private Message me if you are serious.
Please note* NO this is NOT my print, rather a close friend of mine.
Also note* Any sub par offers will kindly be ignored- (I have already offered my friend those types of offers and they respectfully declined)
ALSO ALSO NOTE* A legal promise to deliver COA will also be included with the purchase.
Location: USA.
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glap86
New Member
🗨️ 184
👍🏻 165
May 2019
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Banksy Basquiat Print, Gross Domestic Product™, by glap86 on May 15, 2020 21:24:49 GMT 1, Hello all, I have a friend who may be interested in selling their Banksquiat on Grey Paper for the right offer. Please feel free to Private Message me if you are serious. Please note* NO this is NOT my print, rather a close friend of mine. Also note* Any sub par offers will kindly be ignored- (I have already offered my friend those types of offers and they respectfully declined) ALSO ALSO NOTE* A legal promise to deliver COA will also be included with the purchase. Location: USA.
I am not personally interested, but I’m curious what legal promises can be made here to account for all of the very real risks. I’m an attorney in the US, and there has to be more to it than just “I promise I’ll give you the CoA” for it to be meaningful. Otherwise, as they say, a fool and his money is soon parted.
If anyone in the US wants to go after one of these Banksquiats, I’m happy to consult on the legal side of the deal at no cost. Nothing will ever be ironclad, though.
Hello all, I have a friend who may be interested in selling their Banksquiat on Grey Paper for the right offer. Please feel free to Private Message me if you are serious. Please note* NO this is NOT my print, rather a close friend of mine. Also note* Any sub par offers will kindly be ignored- (I have already offered my friend those types of offers and they respectfully declined) ALSO ALSO NOTE* A legal promise to deliver COA will also be included with the purchase. Location: USA. I am not personally interested, but I’m curious what legal promises can be made here to account for all of the very real risks. I’m an attorney in the US, and there has to be more to it than just “I promise I’ll give you the CoA” for it to be meaningful. Otherwise, as they say, a fool and his money is soon parted. If anyone in the US wants to go after one of these Banksquiats, I’m happy to consult on the legal side of the deal at no cost. Nothing will ever be ironclad, though. |
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oarts
New Member
🗨️ 159
👍🏻 143
May 2019
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Banksy Basquiat Print, Gross Domestic Product™, by oarts on May 15, 2020 21:30:37 GMT 1, Hello all, I have a friend who may be interested in selling their Banksquiat on Grey Paper for the right offer. Please feel free to Private Message me if you are serious. Please note* NO this is NOT my print, rather a close friend of mine. Also note* Any sub par offers will kindly be ignored- (I have already offered my friend those types of offers and they respectfully declined) ALSO ALSO NOTE* A legal promise to deliver COA will also be included with the purchase. Location: USA. I am not personally interested, but I’m curious what legal promises can be made here to account for all of the very real risks. I’m an attorney in the US, and there has to be more to it than just “I promise I’ll give you the CoA” for it to be meaningful. Otherwise, as they say, a fool and his money is soon parted. If anyone in the US wants to go after one of these Banksquiats, I’m happy to consult on the legal side of the deal at no cost. Nothing will ever be ironclad, though.
I know very little on this side as I am not familiar with Contract Law (or much of any law for that matter).
That said, this was proposed by the seller as added peace of mind for a potential buyer.
My question to you: there must be some recourse options available for a buyer?
Thank you!
Hello all, I have a friend who may be interested in selling their Banksquiat on Grey Paper for the right offer. Please feel free to Private Message me if you are serious. Please note* NO this is NOT my print, rather a close friend of mine. Also note* Any sub par offers will kindly be ignored- (I have already offered my friend those types of offers and they respectfully declined) ALSO ALSO NOTE* A legal promise to deliver COA will also be included with the purchase. Location: USA. I am not personally interested, but I’m curious what legal promises can be made here to account for all of the very real risks. I’m an attorney in the US, and there has to be more to it than just “I promise I’ll give you the CoA” for it to be meaningful. Otherwise, as they say, a fool and his money is soon parted. If anyone in the US wants to go after one of these Banksquiats, I’m happy to consult on the legal side of the deal at no cost. Nothing will ever be ironclad, though. I greatly appreciate your help. I know very little on this side as I am not familiar with Contract Law (or much of any law for that matter). That said, this was proposed by the seller as added peace of mind for a potential buyer. My question to you: there must be some recourse options available for a buyer? Thank you! |
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glap86
New Member
🗨️ 184
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May 2019
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Banksy Basquiat Print, Gross Domestic Product™, by glap86 on May 15, 2020 21:35:21 GMT 1, I am not personally interested, but I’m curious what legal promises can be made here to account for all of the very real risks. I’m an attorney in the US, and there has to be more to it than just “I promise I’ll give you the CoA” for it to be meaningful. Otherwise, as they say, a fool and his money is soon parted. If anyone in the US wants to go after one of these Banksquiats, I’m happy to consult on the legal side of the deal at no cost. Nothing will ever be ironclad, though. I greatly appreciate your help. I know very little on this side as I am not familiar with Contract Law (or much of any law for that matter). That said, this was proposed by the seller as added peace of mind for a potential buyer. My question to you: there must be some recourse options available for a buyer? Thank you!
The three big concerns:
1. What if a seller refuses to turn over the CoA/dies before obtaining the CoA/etc?
2. What if PC refuses to provide a CoA for that piece (either because one isn’t issued in general or it catches wind of the sale)?
3. What if the seller is an ordinary guy who doesn’t have money to pay in the event they breach the agreement (for example, if the agreement requires the seller to buy the piece back at FMV if he fails to turn over the CoA, but FMV is $100k and the seller is making $40k/year and in debt up to his eyeballs)?
There are ways around these concerns, but it’s going to potentially involve significant escrow, insurance, appraisals, or all of the above (or more).
That is if the buyer wants to limit risk. Some people may have stupid money where risking mid five figures isn’t a big deal.
I am not personally interested, but I’m curious what legal promises can be made here to account for all of the very real risks. I’m an attorney in the US, and there has to be more to it than just “I promise I’ll give you the CoA” for it to be meaningful. Otherwise, as they say, a fool and his money is soon parted. If anyone in the US wants to go after one of these Banksquiats, I’m happy to consult on the legal side of the deal at no cost. Nothing will ever be ironclad, though. I greatly appreciate your help. I know very little on this side as I am not familiar with Contract Law (or much of any law for that matter). That said, this was proposed by the seller as added peace of mind for a potential buyer. My question to you: there must be some recourse options available for a buyer? Thank you! The three big concerns: 1. What if a seller refuses to turn over the CoA/dies before obtaining the CoA/etc? 2. What if PC refuses to provide a CoA for that piece (either because one isn’t issued in general or it catches wind of the sale)? 3. What if the seller is an ordinary guy who doesn’t have money to pay in the event they breach the agreement (for example, if the agreement requires the seller to buy the piece back at FMV if he fails to turn over the CoA, but FMV is $100k and the seller is making $40k/year and in debt up to his eyeballs)? There are ways around these concerns, but it’s going to potentially involve significant escrow, insurance, appraisals, or all of the above (or more). That is if the buyer wants to limit risk. Some people may have stupid money where risking mid five figures isn’t a big deal. |
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Banksy Basquiat Print, Gross Domestic Product™, by sirarthur on May 15, 2020 21:57:16 GMT 1, Hello all, I have a friend who may be interested in selling their Banksquiat on Grey Paper for the right offer. Please feel free to Private Message me if you are serious. Please note* NO this is NOT my print, rather a close friend of mine. Also note* Any sub par offers will kindly be ignored- (I have already offered my friend those types of offers and they respectfully declined) ALSO ALSO NOTE* A legal promise to deliver COA will also be included with the purchase. Location: USA.
Robert have a question for you: from which state?
Hello all, I have a friend who may be interested in selling their Banksquiat on Grey Paper for the right offer. Please feel free to Private Message me if you are serious. Please note* NO this is NOT my print, rather a close friend of mine. Also note* Any sub par offers will kindly be ignored- (I have already offered my friend those types of offers and they respectfully declined) ALSO ALSO NOTE* A legal promise to deliver COA will also be included with the purchase. Location: USA. Robert have a question for you: from which state? |
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oarts
New Member
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May 2019
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Banksy Basquiat Print, Gross Domestic Product™, by oarts on May 15, 2020 22:08:54 GMT 1, I greatly appreciate your help. I know very little on this side as I am not familiar with Contract Law (or much of any law for that matter). That said, this was proposed by the seller as added peace of mind for a potential buyer. My question to you: there must be some recourse options available for a buyer? Thank you! The three big concerns: 1. What if a seller refuses to turn over the CoA/dies before obtaining the CoA/etc? 2. What if PC refuses to provide a CoA for that piece (either because one isn’t issued in general or it catches wind of the sale)? 3. What if the seller is an ordinary guy who doesn’t have money to pay in the event they breach the agreement (for example, if the agreement requires the seller to buy the piece back at FMV if he fails to turn over the CoA, but FMV is $100k and the seller is making $40k/year and in debt up to his eyeballs)? There are ways around these concerns, but it’s going to potentially involve significant escrow, insurance, appraisals, or all of the above (or more). That is if the buyer wants to limit risk. Some people may have stupid money where risking mid five figures isn’t a big deal.
I am sure as a lawyer you are much more diligent when conducting a deal such as this- all things considered.
My biggest concerns would be numbers 1 and half of number 2.
The seller would likely provide a clause stating if PC doesn't issue a CoA in general then he/she is off the hook- mitigating the risk of a breach.
In the unlikely event that the seller dies/goes silent- I believe the problem lies there.
NOTE TO ANY BUYER* The seller makes a good living for themselves and is not in debt up their eyeballs!
The solution here for both parties would have to involve some form of an escrow deal.
I greatly appreciate your help. I know very little on this side as I am not familiar with Contract Law (or much of any law for that matter). That said, this was proposed by the seller as added peace of mind for a potential buyer. My question to you: there must be some recourse options available for a buyer? Thank you! The three big concerns: 1. What if a seller refuses to turn over the CoA/dies before obtaining the CoA/etc? 2. What if PC refuses to provide a CoA for that piece (either because one isn’t issued in general or it catches wind of the sale)? 3. What if the seller is an ordinary guy who doesn’t have money to pay in the event they breach the agreement (for example, if the agreement requires the seller to buy the piece back at FMV if he fails to turn over the CoA, but FMV is $100k and the seller is making $40k/year and in debt up to his eyeballs)? There are ways around these concerns, but it’s going to potentially involve significant escrow, insurance, appraisals, or all of the above (or more). That is if the buyer wants to limit risk. Some people may have stupid money where risking mid five figures isn’t a big deal. All great points. I am sure as a lawyer you are much more diligent when conducting a deal such as this- all things considered. My biggest concerns would be numbers 1 and half of number 2. The seller would likely provide a clause stating if PC doesn't issue a CoA in general then he/she is off the hook- mitigating the risk of a breach. In the unlikely event that the seller dies/goes silent- I believe the problem lies there. NOTE TO ANY BUYER* The seller makes a good living for themselves and is not in debt up their eyeballs! The solution here for both parties would have to involve some form of an escrow deal. |
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tyler
New Member
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May 2014
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Banksy Basquiat Print, Gross Domestic Product™, by tyler on May 15, 2020 22:11:13 GMT 1, The three big concerns: 1. What if a seller refuses to turn over the CoA/dies before obtaining the CoA/etc? 2. What if PC refuses to provide a CoA for that piece (either because one isn’t issued in general or it catches wind of the sale)? 3. What if the seller is an ordinary guy who doesn’t have money to pay in the event they breach the agreement (for example, if the agreement requires the seller to buy the piece back at FMV if he fails to turn over the CoA, but FMV is $100k and the seller is making $40k/year and in debt up to his eyeballs)? There are ways around these concerns, but it’s going to potentially involve significant escrow, insurance, appraisals, or all of the above (or more). That is if the buyer wants to limit risk. Some people may have stupid money where risking mid five figures isn’t a big deal. All great points. I am sure as a lawyer you are much more diligent when conducting a deal such as this- all things considered. My biggest concerns would be numbers 1 and half of number 2. The seller would likely provide a clause stating if PC doesn't issue a CoA in general then he/she is off the hook- mitigating the risk of a breach. In the unlikely event that the seller dies/goes silent- I believe the problem lies there. NOTE TO ANY BUYER* The seller makes a good living for themselves and is not in debt up their eyeballs! The solution here for both parties would have to involve some form of an escrow deal.
The three big concerns: 1. What if a seller refuses to turn over the CoA/dies before obtaining the CoA/etc? 2. What if PC refuses to provide a CoA for that piece (either because one isn’t issued in general or it catches wind of the sale)? 3. What if the seller is an ordinary guy who doesn’t have money to pay in the event they breach the agreement (for example, if the agreement requires the seller to buy the piece back at FMV if he fails to turn over the CoA, but FMV is $100k and the seller is making $40k/year and in debt up to his eyeballs)? There are ways around these concerns, but it’s going to potentially involve significant escrow, insurance, appraisals, or all of the above (or more). That is if the buyer wants to limit risk. Some people may have stupid money where risking mid five figures isn’t a big deal. All great points. I am sure as a lawyer you are much more diligent when conducting a deal such as this- all things considered. My biggest concerns would be numbers 1 and half of number 2. The seller would likely provide a clause stating if PC doesn't issue a CoA in general then he/she is off the hook- mitigating the risk of a breach. In the unlikely event that the seller dies/goes silent- I believe the problem lies there. NOTE TO ANY BUYER* The seller makes a good living for themselves and is not in debt up their eyeballs! The solution here for both parties would have to involve some form of an escrow deal. I'm not a lawyer but an escrow deal where the majority of the funds would be released on delivery of the CoA sounds like a good solution. |
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dkla
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February 2007
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Banksy Basquiat Print, Gross Domestic Product™, by dkla on May 15, 2020 22:19:25 GMT 1, I might be old school (well, I am to a fault) but if somebody clearly has the email confirmation that they purchased the print and promises to forward the COA when received then that would be good enough for me. The COAs are more important [in my view] when a print changes hands multiple times... to ensure it’s the real deal and not some kind of fake. But if somebody is the original owner, purchased through source and they can prove it, then the COA isn’t as important to me. I’m pretty darn sure it isn’t a fake. Can you imagine the trouble and expense you’d need to go through in order to create a credible fake when you have the actual print? It would be MORE expensive than the original cost of the actual print I would think.
I have no problem buying any Banksy print from somebody who bought it from source years ago, hung onto it, decided to sell it, and never bothered to get the COA from PC.
I might be old school (well, I am to a fault) but if somebody clearly has the email confirmation that they purchased the print and promises to forward the COA when received then that would be good enough for me. The COAs are more important [in my view] when a print changes hands multiple times... to ensure it’s the real deal and not some kind of fake. But if somebody is the original owner, purchased through source and they can prove it, then the COA isn’t as important to me. I’m pretty darn sure it isn’t a fake. Can you imagine the trouble and expense you’d need to go through in order to create a credible fake when you have the actual print? It would be MORE expensive than the original cost of the actual print I would think.
I have no problem buying any Banksy print from somebody who bought it from source years ago, hung onto it, decided to sell it, and never bothered to get the COA from PC.
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glap86
New Member
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May 2019
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Banksy Basquiat Print, Gross Domestic Product™, by glap86 on May 15, 2020 22:29:44 GMT 1, The three big concerns: 1. What if a seller refuses to turn over the CoA/dies before obtaining the CoA/etc? 2. What if PC refuses to provide a CoA for that piece (either because one isn’t issued in general or it catches wind of the sale)? 3. What if the seller is an ordinary guy who doesn’t have money to pay in the event they breach the agreement (for example, if the agreement requires the seller to buy the piece back at FMV if he fails to turn over the CoA, but FMV is $100k and the seller is making $40k/year and in debt up to his eyeballs)? There are ways around these concerns, but it’s going to potentially involve significant escrow, insurance, appraisals, or all of the above (or more). That is if the buyer wants to limit risk. Some people may have stupid money where risking mid five figures isn’t a big deal. All great points. I am sure as a lawyer you are much more diligent when conducting a deal such as this- all things considered. My biggest concerns would be numbers 1 and half of number 2. The seller would likely provide a clause stating if PC doesn't issue a CoA in general then he/she is off the hook- mitigating the risk of a breach. In the unlikely event that the seller dies/goes silent- I believe the problem lies there. NOTE TO ANY BUYER* The seller makes a good living for themselves and is not in debt up their eyeballs! The solution here for both parties would have to involve some form of an escrow deal.
The problem is that PC may decide against issuing a CoA because the seller flipped it. For example, what if PC requires the original purchaser (seller) to certify that he or she still owns the piece, in order to be eligible for a CoA? Maybe not as far fetched as some think given the terms & conditions on GDP. I personally don’t think the buyer should be left with the print in that scenario if he doesn’t want it without CoA. It would need to be bought back by the seller.
As for poster who said he’d be fine buying without a CoA so long as provenance is good...I think it’s indisputable that as between two prints, the one without the CoA will be less valuable (talking strictly money here) than the one with, no matter how good the provenance on the one without the CoA. How much so is unknown, but I’d imagine it to be significant.
The three big concerns: 1. What if a seller refuses to turn over the CoA/dies before obtaining the CoA/etc? 2. What if PC refuses to provide a CoA for that piece (either because one isn’t issued in general or it catches wind of the sale)? 3. What if the seller is an ordinary guy who doesn’t have money to pay in the event they breach the agreement (for example, if the agreement requires the seller to buy the piece back at FMV if he fails to turn over the CoA, but FMV is $100k and the seller is making $40k/year and in debt up to his eyeballs)? There are ways around these concerns, but it’s going to potentially involve significant escrow, insurance, appraisals, or all of the above (or more). That is if the buyer wants to limit risk. Some people may have stupid money where risking mid five figures isn’t a big deal. All great points. I am sure as a lawyer you are much more diligent when conducting a deal such as this- all things considered. My biggest concerns would be numbers 1 and half of number 2. The seller would likely provide a clause stating if PC doesn't issue a CoA in general then he/she is off the hook- mitigating the risk of a breach. In the unlikely event that the seller dies/goes silent- I believe the problem lies there. NOTE TO ANY BUYER* The seller makes a good living for themselves and is not in debt up their eyeballs! The solution here for both parties would have to involve some form of an escrow deal. The problem is that PC may decide against issuing a CoA because the seller flipped it. For example, what if PC requires the original purchaser (seller) to certify that he or she still owns the piece, in order to be eligible for a CoA? Maybe not as far fetched as some think given the terms & conditions on GDP. I personally don’t think the buyer should be left with the print in that scenario if he doesn’t want it without CoA. It would need to be bought back by the seller. As for poster who said he’d be fine buying without a CoA so long as provenance is good...I think it’s indisputable that as between two prints, the one without the CoA will be less valuable (talking strictly money here) than the one with, no matter how good the provenance on the one without the CoA. How much so is unknown, but I’d imagine it to be significant. |
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irl1
Full Member
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December 2017
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Banksy Basquiat Print, Gross Domestic Product™, by irl1 on May 15, 2020 22:33:03 GMT 1, Why would anyone selling one of these now agree an escrow deal. The money would be tied up so I don't see the point doing it this way. They may as well just keep it and sell when the COA arrives
On another note is anyone keeping one
Why would anyone selling one of these now agree an escrow deal. The money would be tied up so I don't see the point doing it this way. They may as well just keep it and sell when the COA arrives
On another note is anyone keeping one
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irl1
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December 2017
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Banksy Basquiat Print, Gross Domestic Product™, by irl1 on May 15, 2020 22:38:44 GMT 1, glap86
The problem is that PC may decide against issuing a CoA because the seller flipped it. For example, what if PC requires the original purchaser (seller) to certify that he or she still owns the piece, in order to be eligible for a CoA? Maybe not as far fetched as some think given the terms & conditions on GDP. I personally don’t think the buyer should be left with the print in that scenario if he doesn’t want it without CoA. It would need to be bought back by the seller.
As for poster who said he’d be fine buying without a CoA so long as provenance is good...I think it’s indisputable that as between two prints, the one without the CoA will be less valuable (talking strictly money here) than the one with, no matter how good the provenance on the one without the CoA. How much so is unknown, but I’d imagine it to be significant.
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No buyer in the world would agree to just take their money back after the COA arrives, unless they were given the full market value
glap86
The problem is that PC may decide against issuing a CoA because the seller flipped it. For example, what if PC requires the original purchaser (seller) to certify that he or she still owns the piece, in order to be eligible for a CoA? Maybe not as far fetched as some think given the terms & conditions on GDP. I personally don’t think the buyer should be left with the print in that scenario if he doesn’t want it without CoA. It would need to be bought back by the seller.
As for poster who said he’d be fine buying without a CoA so long as provenance is good...I think it’s indisputable that as between two prints, the one without the CoA will be less valuable (talking strictly money here) than the one with, no matter how good the provenance on the one without the CoA. How much so is unknown, but I’d imagine it to be significant.
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No buyer in the world would agree to just take their money back after the COA arrives, unless they were given the full market value
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glap86
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May 2019
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Banksy Basquiat Print, Gross Domestic Product™, by glap86 on May 15, 2020 22:38:57 GMT 1, Why would anyone selling one of these now agree an escrow deal. The money would be tied up so I don't see the point doing it this way. They may as well just keep it and sell when the COA arrives On another note is anyone keeping one
That’s the problem. It doesn’t make a ton of sense for the seller to want some of the money tied up in escrow, but it’s the only concrete protection a buyer can have.
Why would anyone selling one of these now agree an escrow deal. The money would be tied up so I don't see the point doing it this way. They may as well just keep it and sell when the COA arrives On another note is anyone keeping one That’s the problem. It doesn’t make a ton of sense for the seller to want some of the money tied up in escrow, but it’s the only concrete protection a buyer can have. |
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glap86
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Banksy Basquiat Print, Gross Domestic Product™, by glap86 on May 15, 2020 22:39:56 GMT 1, glap86 The problem is that PC may decide against issuing a CoA because the seller flipped it. For example, what if PC requires the original purchaser (seller) to certify that he or she still owns the piece, in order to be eligible for a CoA? Maybe not as far fetched as some think given the terms & conditions on GDP. I personally don’t think the buyer should be left with the print in that scenario if he doesn’t want it without CoA. It would need to be bought back by the seller. As for poster who said he’d be fine buying without a CoA so long as provenance is good...I think it’s indisputable that as between two prints, the one without the CoA will be less valuable (talking strictly money here) than the one with, no matter how good the provenance on the one without the CoA. How much so is unknown, but I’d imagine it to be significant. ------------------------------- No buyer in the world would agree to just take their money back after the COA arrives, unless they were given the full market value
I agree with that. That’s what I said further up. It needs to be bought back at FMV.
glap86 The problem is that PC may decide against issuing a CoA because the seller flipped it. For example, what if PC requires the original purchaser (seller) to certify that he or she still owns the piece, in order to be eligible for a CoA? Maybe not as far fetched as some think given the terms & conditions on GDP. I personally don’t think the buyer should be left with the print in that scenario if he doesn’t want it without CoA. It would need to be bought back by the seller. As for poster who said he’d be fine buying without a CoA so long as provenance is good...I think it’s indisputable that as between two prints, the one without the CoA will be less valuable (talking strictly money here) than the one with, no matter how good the provenance on the one without the CoA. How much so is unknown, but I’d imagine it to be significant. ------------------------------- No buyer in the world would agree to just take their money back after the COA arrives, unless they were given the full market value I agree with that. That’s what I said further up. It needs to be bought back at FMV. |
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irl1
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December 2017
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Banksy Basquiat Print, Gross Domestic Product™, by irl1 on May 15, 2020 22:52:42 GMT 1, Why would anyone selling one of these now agree an escrow deal. The money would be tied up so I don't see the point doing it this way. They may as well just keep it and sell when the COA arrives On another note is anyone keeping one That’s the problem. It doesn’t make a ton of sense for the seller to want some of the money tied up in escrow, but it’s the only concrete protection a buyer can have.
It makes no sense for a seller to do an escrow its a stupid way to do it. I would run a mile if I was offered one of these deals as it might leave the seller with a get out of jail card.
On other deals the buyer should make sure the sellers next of kin signs the contract too as you never know when your numbers up.
Why would anyone selling one of these now agree an escrow deal. The money would be tied up so I don't see the point doing it this way. They may as well just keep it and sell when the COA arrives On another note is anyone keeping one That’s the problem. It doesn’t make a ton of sense for the seller to want some of the money tied up in escrow, but it’s the only concrete protection a buyer can have. It makes no sense for a seller to do an escrow its a stupid way to do it. I would run a mile if I was offered one of these deals as it might leave the seller with a get out of jail card. On other deals the buyer should make sure the sellers next of kin signs the contract too as you never know when your numbers up. |
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glap86
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May 2019
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Banksy Basquiat Print, Gross Domestic Product™, by glap86 on May 15, 2020 23:13:07 GMT 1, It makes no sense for a seller to do an escrow its a stupid way to do it. I would run a mile if I was offered one of these deals as it might leave the seller with a get out of jail card. On other deals the buyer should make sure the sellers next of kin signs the contract too as you never know when your numbers up. I can't understand why any buyer is so utterly desperate to buy one of these now that they'd go through the hassle of getting a contract drawn up with contingencies that cover death / escrow / alien abduction etc. It's not life and death, it's just a pretty picture to put on your wall. Just wait until the COAs are available and buy it then. I appreciate there may be some thought that when the COAs are available, the prints suddenly become more expensive. The same was suggested with Sale Ends and that didn't really happen. People are weird.
I think it’s equally the notion that the CoA will cause a spike in value, and the notion that this will appreciate over the next two years like other sought after Banksy pieces have the past couple.
I personally don’t think it’s worth the risk or hassle. Spend that money on one of his proven prints if it’s an investment.
It makes no sense for a seller to do an escrow its a stupid way to do it. I would run a mile if I was offered one of these deals as it might leave the seller with a get out of jail card. On other deals the buyer should make sure the sellers next of kin signs the contract too as you never know when your numbers up. I can't understand why any buyer is so utterly desperate to buy one of these now that they'd go through the hassle of getting a contract drawn up with contingencies that cover death / escrow / alien abduction etc. It's not life and death, it's just a pretty picture to put on your wall. Just wait until the COAs are available and buy it then. I appreciate there may be some thought that when the COAs are available, the prints suddenly become more expensive. The same was suggested with Sale Ends and that didn't really happen. People are weird. I think it’s equally the notion that the CoA will cause a spike in value, and the notion that this will appreciate over the next two years like other sought after Banksy pieces have the past couple. I personally don’t think it’s worth the risk or hassle. Spend that money on one of his proven prints if it’s an investment. |
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irl1
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Banksy Basquiat Print, Gross Domestic Product™, by irl1 on May 15, 2020 23:16:44 GMT 1, It makes no sense for a seller to do an escrow its a stupid way to do it. I would run a mile if I was offered one of these deals as it might leave the seller with a get out of jail card. On other deals the buyer should make sure the sellers next of kin signs the contract too as you never know when your numbers up. I can't understand why any buyer is so utterly desperate to buy one of these now that they'd go through the hassle of getting a contract drawn up with contingencies that cover death / escrow / alien abduction etc. It's not life and death, it's just a pretty picture to put on your wall. Just wait until the COAs are available and buy it then. I appreciate there may be some thought that when the COAs are available, the prints suddenly become more expensive. The same was suggested with Sale Ends and that didn't really happen. People are weird.
It makes no sense for a seller to do an escrow its a stupid way to do it. I would run a mile if I was offered one of these deals as it might leave the seller with a get out of jail card. On other deals the buyer should make sure the sellers next of kin signs the contract too as you never know when your numbers up. I can't understand why any buyer is so utterly desperate to buy one of these now that they'd go through the hassle of getting a contract drawn up with contingencies that cover death / escrow / alien abduction etc. It's not life and death, it's just a pretty picture to put on your wall. Just wait until the COAs are available and buy it then. I appreciate there may be some thought that when the COAs are available, the prints suddenly become more expensive. The same was suggested with Sale Ends and that didn't really happen. People are weird. Agree, I would rather buy an original from another artist |
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Banksy Basquiat Print, Gross Domestic Product™, by Jeezuz Jones Snr on May 15, 2020 23:44:35 GMT 1, I have had three people asking to buy mine, 40k pounds, and $50k USD. I just reply not for sale and don’t ask if they are a gallery etc..
Galleries are probably trying to buy them up, as it’s been said on here a percentage of the 300 black and grey probably went to long time friends and collectors? So they are more likely to hold. I was one of the lucky lottery people, it’s a lot of money and times are hard and a lot of guys doing in tough and need to sell. Deals will be done and galleries will hold on to the print. Gradually they become more scarce and more valuable, like all the other signed prints. Remember it happening to the Choose Your Weapon’s years ago.
When are all the flower chucker prints being sent out?. Same will happen to those also, probably more sort after image, galleries will be wanting them in their collection and the hype on here for banskquiat will die down and those pieces will be talked about more.
I have had three people asking to buy mine, 40k pounds, and $50k USD. I just reply not for sale and don’t ask if they are a gallery etc..
Galleries are probably trying to buy them up, as it’s been said on here a percentage of the 300 black and grey probably went to long time friends and collectors? So they are more likely to hold. I was one of the lucky lottery people, it’s a lot of money and times are hard and a lot of guys doing in tough and need to sell. Deals will be done and galleries will hold on to the print. Gradually they become more scarce and more valuable, like all the other signed prints. Remember it happening to the Choose Your Weapon’s years ago.
When are all the flower chucker prints being sent out?. Same will happen to those also, probably more sort after image, galleries will be wanting them in their collection and the hype on here for banskquiat will die down and those pieces will be talked about more.
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tab1
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Banksy Basquiat Print, Gross Domestic Product™, by tab1 on May 15, 2020 23:45:30 GMT 1, I think it’s equally the notion that the CoA will cause a spike in value, and the notion that this will appreciate over the next two years like other sought after Banksy pieces have the past couple. I personally don’t think it’s worth the risk or hassle. Spend that money on one of his proven prints if it’s an investment. I think it will be the contrary, the market will be flooded with these prints when they are issued and prices won't go up just like Sales End. Way to risky a purchase in these economic times, just buy a print with a coa or wait.
It must be the want / need now that have over come a few
As you say all financial markets will be effected in two years from the current situation now Highly likely to be a negative impact .
Must be live for the moment in some
I think it’s equally the notion that the CoA will cause a spike in value, and the notion that this will appreciate over the next two years like other sought after Banksy pieces have the past couple. I personally don’t think it’s worth the risk or hassle. Spend that money on one of his proven prints if it’s an investment. I think it will be the contrary, the market will be flooded with these prints when they are issued and prices won't go up just like Sales End. Way to risky a purchase in these economic times, just buy a print with a coa or wait. It must be the want / need now that have over come a few As you say all financial markets will be effected in two years from the current situation now Highly likely to be a negative impact . Must be live for the moment in some |
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tab1
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Banksy Basquiat Print, Gross Domestic Product™, by tab1 on May 15, 2020 23:47:52 GMT 1, I have had three people asking to buy mine, 40k pounds, and $50k USD. I just reply not for sale and don’t ask if they are a gallery etc.. Galleries are probably trying to buy them up, as it’s been said on here a percentage of the 300 black and grey probably went to long time friends and collectors? So they are more likely to hold. I was one of the lucky lottery people, it’s a lot of money and times are hard and a lot of guys doing in tough and need to sell. Deals will be done and galleries will hold on to the print. Gradually they become more scarce and more valuable, like all the other signed prints. Remember it happening to the Choose Your Weapon’s years ago. When are all the flower chucker prints being sent out?. Same will happen to those also, probably more sort after image, galleries will be wanting them in their collection and the hype on here for banskquiat will die down and those pieces will be talked about more.
I remember All Choose Your Weapon being snapped up at £4K one year then the next year were £14k
Edit:
urbanartassociation.com/thread/87607/banksy-olive-cyw-price-check
2012 4K
urbanartassociation.com/thread/114076/fs-banksy-magenta-cyw
2014 15k
I have had three people asking to buy mine, 40k pounds, and $50k USD. I just reply not for sale and don’t ask if they are a gallery etc.. Galleries are probably trying to buy them up, as it’s been said on here a percentage of the 300 black and grey probably went to long time friends and collectors? So they are more likely to hold. I was one of the lucky lottery people, it’s a lot of money and times are hard and a lot of guys doing in tough and need to sell. Deals will be done and galleries will hold on to the print. Gradually they become more scarce and more valuable, like all the other signed prints. Remember it happening to the Choose Your Weapon’s years ago. When are all the flower chucker prints being sent out?. Same will happen to those also, probably more sort after image, galleries will be wanting them in their collection and the hype on here for banskquiat will die down and those pieces will be talked about more. I remember All Choose Your Weapon being snapped up at £4K one year then the next year were £14k Edit: urbanartassociation.com/thread/87607/banksy-olive-cyw-price-check2012 4K urbanartassociation.com/thread/114076/fs-banksy-magenta-cyw2014 15k |
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Banksy Basquiat Print, Gross Domestic Product™, by Jeezuz Jones Snr on May 16, 2020 0:12:43 GMT 1, I have had three people asking to buy mine, 40k pounds, and $50k USD. I just reply not for sale and don’t ask if they are a gallery etc.. Galleries are probably trying to buy them up, as it’s been said on here a percentage of the 300 black and grey probably went to long time friends and collectors? So they are more likely to hold. I was one of the lucky lottery people, it’s a lot of money and times are hard and a lot of guys doing in tough and need to sell. Deals will be done and galleries will hold on to the print. Gradually they become more scarce and more valuable, like all the other signed prints. Remember it happening to the Choose Your Weapon’s years ago. When are all the flower chucker prints being sent out?. Same will happen to those also, probably more sort after image, galleries will be wanting them in their collection and the hype on here for banskquiat will die down and those pieces will be talked about more. I remember All Choose Your Weapon being snapped up at £4K one year then the next year were £14k
Correct mate it happened so fast, I remember writing on here people are crazy paying 7k pounds for one! 10 years ago now, time has flown by.
I have had three people asking to buy mine, 40k pounds, and $50k USD. I just reply not for sale and don’t ask if they are a gallery etc.. Galleries are probably trying to buy them up, as it’s been said on here a percentage of the 300 black and grey probably went to long time friends and collectors? So they are more likely to hold. I was one of the lucky lottery people, it’s a lot of money and times are hard and a lot of guys doing in tough and need to sell. Deals will be done and galleries will hold on to the print. Gradually they become more scarce and more valuable, like all the other signed prints. Remember it happening to the Choose Your Weapon’s years ago. When are all the flower chucker prints being sent out?. Same will happen to those also, probably more sort after image, galleries will be wanting them in their collection and the hype on here for banskquiat will die down and those pieces will be talked about more. I remember All Choose Your Weapon being snapped up at £4K one year then the next year were £14k Correct mate it happened so fast, I remember writing on here people are crazy paying 7k pounds for one! 10 years ago now, time has flown by. |
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tab1
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Banksy Basquiat Print, Gross Domestic Product™, by tab1 on May 16, 2020 0:19:46 GMT 1, I remember All Choose Your Weapon being snapped up at £4K one year then the next year were £14k Correct mate it happened so fast, I remember writing on here people are crazy paying 7k pounds for one! 10 years ago now, time has flown by.
it took off after the blue ap that pest control swapped with a customer for having a double , he listed here but I think people Moaned it was too expensive then sold on eBay for 14k then same print sold the following year for over 20k , correct me if I’m wrong .
Same is happening with the banksquait , people do not want to be caught out , I would say in normal times prices guaranteed to skyrocket But as things stand no one knows the market in two years timeb
I remember All Choose Your Weapon being snapped up at £4K one year then the next year were £14k Correct mate it happened so fast, I remember writing on here people are crazy paying 7k pounds for one! 10 years ago now, time has flown by. it took off after the blue ap that pest control swapped with a customer for having a double , he listed here but I think people Moaned it was too expensive then sold on eBay for 14k then same print sold the following year for over 20k , correct me if I’m wrong . Same is happening with the banksquait , people do not want to be caught out , I would say in normal times prices guaranteed to skyrocket But as things stand no one knows the market in two years timeb |
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Banksy Basquiat Print, Gross Domestic Product™, by Jeezuz Jones Snr on May 16, 2020 0:32:12 GMT 1, Correct mate it happened so fast, I remember writing on here people are crazy paying 7k pounds for one! 10 years ago now, time has flown by. it took off after the blue ap that pest control swapped with a customer for having a double , he listed here but I think people Moaned it was too expensive then sold on eBay for 14k then same print sold the following year for over 20k , correct me if I’m wrong . Same is happening with the banksquait , people do not want to be caught out , I would say in normal times prices guaranteed to skyrocket But as things stand no one knows the market in two years timeb
Economies are going to get smashed in the next twelve months, not sure what it will do for art? Already seeing more sales on here for prints. Just looking at our (Australian) stats for the economy, we haven’t had a recession in 30years but a big one is looming, lots of jobs lost, house prices going to fall, share market crashed. Cash is king for next few years I wouldn't be investing in any thing.
Correct mate it happened so fast, I remember writing on here people are crazy paying 7k pounds for one! 10 years ago now, time has flown by. it took off after the blue ap that pest control swapped with a customer for having a double , he listed here but I think people Moaned it was too expensive then sold on eBay for 14k then same print sold the following year for over 20k , correct me if I’m wrong . Same is happening with the banksquait , people do not want to be caught out , I would say in normal times prices guaranteed to skyrocket But as things stand no one knows the market in two years timeb Economies are going to get smashed in the next twelve months, not sure what it will do for art? Already seeing more sales on here for prints. Just looking at our (Australian) stats for the economy, we haven’t had a recession in 30years but a big one is looming, lots of jobs lost, house prices going to fall, share market crashed. Cash is king for next few years I wouldn't be investing in any thing. |
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glap86
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Banksy Basquiat Print, Gross Domestic Product™, by glap86 on May 16, 2020 0:42:54 GMT 1, it took off after the blue ap that pest control swapped with a customer for having a double , he listed here but I think people Moaned it was too expensive then sold on eBay for 14k then same print sold the following year for over 20k , correct me if I’m wrong . Same is happening with the banksquait , people do not want to be caught out , I would say in normal times prices guaranteed to skyrocket But as things stand no one knows the market in two years timeb Economies are going to get smashed in the next twelve months, not sure what it will do for art? Already seeing more sales on here for prints. Just looking at our (Australian) stats for the economy, we haven’t had a recession in 30years but a big one is looming, lots of jobs lost, house prices going to fall, share market crashed. Cash is king for next few years I wouldn't be investing in any thing.
I had to “downsize” a Banksy print that I really did not want to sell simply because the market took such a big hit I didn’t want to raise cash from there during such a downturn. I suspect there will be more, but I think overall, people spending $100k plus on Banksy or other high end prints won’t need to move them. They’re typically not hurting for cash.
I think the accessible low/mid range prints (like Pejac, who I love) are where you’ll see the most price impact.
it took off after the blue ap that pest control swapped with a customer for having a double , he listed here but I think people Moaned it was too expensive then sold on eBay for 14k then same print sold the following year for over 20k , correct me if I’m wrong . Same is happening with the banksquait , people do not want to be caught out , I would say in normal times prices guaranteed to skyrocket But as things stand no one knows the market in two years timeb Economies are going to get smashed in the next twelve months, not sure what it will do for art? Already seeing more sales on here for prints. Just looking at our (Australian) stats for the economy, we haven’t had a recession in 30years but a big one is looming, lots of jobs lost, house prices going to fall, share market crashed. Cash is king for next few years I wouldn't be investing in any thing. I had to “downsize” a Banksy print that I really did not want to sell simply because the market took such a big hit I didn’t want to raise cash from there during such a downturn. I suspect there will be more, but I think overall, people spending $100k plus on Banksy or other high end prints won’t need to move them. They’re typically not hurting for cash. I think the accessible low/mid range prints (like Pejac, who I love) are where you’ll see the most price impact. |
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tab1
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Banksy Basquiat Print, Gross Domestic Product™, by tab1 on May 16, 2020 0:58:02 GMT 1, it took off after the blue ap that pest control swapped with a customer for having a double , he listed here but I think people Moaned it was too expensive then sold on eBay for 14k then same print sold the following year for over 20k , correct me if I’m wrong . Same is happening with the banksquait , people do not want to be caught out , I would say in normal times prices guaranteed to skyrocket But as things stand no one knows the market in two years timeb Economies are going to get smashed in the next twelve months, not sure what it will do for art? Already seeing more sales on here for prints. Just looking at our (Australian) stats for the economy, we haven’t had a recession in 30years but a big one is looming, lots of jobs lost, house prices going to fall, share market crashed. Cash is king for next few years I wouldn't be investing in any thing.
hirst first major auction after the 2008 crash took a big hit and his market has still not recovered ,
Nothing has been seen like this before effecting the worlds economy
Even the mentioned big spenders will be effected ,
Money tied up in shares which have dropped drastically , housing market set to crash , the only market guaranteed to grow is the gold market
it took off after the blue ap that pest control swapped with a customer for having a double , he listed here but I think people Moaned it was too expensive then sold on eBay for 14k then same print sold the following year for over 20k , correct me if I’m wrong . Same is happening with the banksquait , people do not want to be caught out , I would say in normal times prices guaranteed to skyrocket But as things stand no one knows the market in two years timeb Economies are going to get smashed in the next twelve months, not sure what it will do for art? Already seeing more sales on here for prints. Just looking at our (Australian) stats for the economy, we haven’t had a recession in 30years but a big one is looming, lots of jobs lost, house prices going to fall, share market crashed. Cash is king for next few years I wouldn't be investing in any thing. hirst first major auction after the 2008 crash took a big hit and his market has still not recovered , Nothing has been seen like this before effecting the worlds economy Even the mentioned big spenders will be effected , Money tied up in shares which have dropped drastically , housing market set to crash , the only market guaranteed to grow is the gold market |
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