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Banksy Basquiat Print, Gross Domestic Product™, by JL Broooks on Aug 27, 2020 18:04:22 GMT 1, 95K hammer. 126K including BP and fees. Gotta say that’s strong.
95K hammer. 126K including BP and fees. Gotta say that’s strong.
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hazydavy
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Banksy Basquiat Print, Gross Domestic Product™, by hazydavy on Aug 27, 2020 18:04:48 GMT 1, It's actually 95k x 1.34 = £127,300
It's actually 95k x 1.34 = £127,300
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irl1
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Banksy Basquiat Print, Gross Domestic Product™, by irl1 on Aug 27, 2020 18:06:13 GMT 1, incredible result. artdelight is dancing in joy
He logged off straight after the result, gone on the piss 
incredible result. artdelight is dancing in joy He logged off straight after the result, gone on the piss |
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ca
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Banksy Basquiat Print, Gross Domestic Product™, by ca on Aug 27, 2020 18:07:07 GMT 1, It's actually 95k x 1.34 = £127,300
It's actually 95k x 1.34 = £127,300 not doubting you but what's the extra 9%? |
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hazydavy
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Banksy Basquiat Print, Gross Domestic Product™, by hazydavy on Aug 27, 2020 18:08:19 GMT 1, 25% buyer's premium + VAT and 4% ARR (no VAT)
25% buyer's premium + VAT and 4% ARR (no VAT)
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reg
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Winter
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Banksy Basquiat Print, Gross Domestic Product™, by Winter on Aug 27, 2020 18:09:31 GMT 1, Love to see your art collection lol! lolLol 
Is that it? Hardly a collection is it?
Love to see your art collection lol! lolLol Is that it? Hardly a collection is it? |
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docean
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Banksy Basquiat Print, Gross Domestic Product™, by docean on Aug 27, 2020 18:09:41 GMT 1, £95k
25% premium
20% VAT
3% ARR
Isn’t that £140.6k ? $185.6k ?
Wild.
£95k
25% premium
20% VAT
3% ARR
Isn’t that £140.6k ? $185.6k ?
Wild.
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Banksy Basquiat Print, Gross Domestic Product™, by artdelight on Aug 27, 2020 18:14:23 GMT 1, wait it out, imo. there are 300 of each colorway. like 100 of each are probably still waiting to go onsale via bbay or PCO. and half of the ones that already went onsale will pop up at auction over the next few months because people need money. or buy the bethlehem trolleys which is literally over 10x rarer. surprised that's sitting there. Aren't we supposed to buy what we like not what's rare?
You are right
wait it out, imo. there are 300 of each colorway. like 100 of each are probably still waiting to go onsale via bbay or PCO. and half of the ones that already went onsale will pop up at auction over the next few months because people need money. or buy the bethlehem trolleys which is literally over 10x rarer. surprised that's sitting there. Aren't we supposed to buy what we like not what's rare? You are right |
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Banksy Basquiat Print, Gross Domestic Product™, by artdelight on Aug 27, 2020 18:20:37 GMT 1, Gentlemen has made a right purchase for a bargain price.
Gentlemen has made a right purchase for a bargain price.
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docean
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Banksy Basquiat Print, Gross Domestic Product™, by docean on Aug 27, 2020 18:26:47 GMT 1, £95k 25% premium 20% VAT 3% ARR Isn’t that £140.6k ? $185.6k ? Wild. No the VAT is on the BP only
Ah I didn’t know that, not familiar with VAT at all.
£95000
25% BP = £23,750
3% ARR = £2850
20% VAT on £23,750 = £4750
£126.3k $166.8k
Yep, still wild haha.
£95k 25% premium 20% VAT 3% ARR Isn’t that £140.6k ? $185.6k ? Wild. No the VAT is on the BP only Ah I didn’t know that, not familiar with VAT at all. £95000 25% BP = £23,750 3% ARR = £2850 20% VAT on £23,750 = £4750 £126.3k $166.8k Yep, still wild haha. |
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ca
Junior Member
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Banksy Basquiat Print, Gross Domestic Product™, by ca on Aug 27, 2020 18:26:54 GMT 1, The trolling is excellent
The trolling is excellent
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jonvespa
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Banksy Basquiat Print, Gross Domestic Product™, by jonvespa on Aug 27, 2020 18:36:40 GMT 1, Anyone have a screen shot of the final sale?
Anyone have a screen shot of the final sale?
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hazydavy
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Banksy Basquiat Print, Gross Domestic Product™, by hazydavy on Aug 27, 2020 18:36:47 GMT 1, No the VAT is on the BP only Ah I didn’t know that, not familiar with VAT at all. £95000 25% BP = £23,750 3% ARR = £2850 20% VAT on £23,750 = £4750 £126.3k $166.8k Yep, still wild haha.
Sorry to be pedantic but ARR is 4%.
No the VAT is on the BP only Ah I didn’t know that, not familiar with VAT at all. £95000 25% BP = £23,750 3% ARR = £2850 20% VAT on £23,750 = £4750 £126.3k $166.8k Yep, still wild haha. Sorry to be pedantic but ARR is 4%. |
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docean
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Banksy Basquiat Print, Gross Domestic Product™, by docean on Aug 27, 2020 18:39:34 GMT 1, Ah I didn’t know that, not familiar with VAT at all. £95000 25% BP = £23,750 3% ARR = £2850 20% VAT on £23,750 = £4750 £126.3k $166.8k Yep, still wild haha. Sorry to be pedantic but ARR is 4%.
4% up to £50k
3% £50k - £200k
1% £200k - £350k
0.5% £350k - £500k
0.25% + £12,500 for £500k+
per Tate Ward website
Ah I didn’t know that, not familiar with VAT at all. £95000 25% BP = £23,750 3% ARR = £2850 20% VAT on £23,750 = £4750 £126.3k $166.8k Yep, still wild haha. Sorry to be pedantic but ARR is 4%. 4% up to £50k 3% £50k - £200k 1% £200k - £350k 0.5% £350k - £500k 0.25% + £12,500 for £500k+ per Tate Ward website |
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hazydavy
New Member
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Banksy Basquiat Print, Gross Domestic Product™, by hazydavy on Aug 27, 2020 18:44:20 GMT 1, Sorry to be pedantic but ARR is 4%. 4% up to £50k 3% £50k - £200k 1% £200k - £350k 0.5% £350k - £500k 0.25% + £12,500 for £500k+ per Tate Ward website
Sorry to be pedantic but ARR is 4%. 4% up to £50k 3% £50k - £200k 1% £200k - £350k 0.5% £350k - £500k 0.25% + £12,500 for £500k+ per Tate Ward website My apologies. Therefore it is a blended ARR of £3,350 and a total of £126,850, unless I'm mistaken? |
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jonvespa
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Banksy Basquiat Print, Gross Domestic Product™, by jonvespa on Aug 27, 2020 18:49:24 GMT 1, Anyone have a screen shot of the final sale? 
Anyone have a screen shot of the final sale? I appreciate it! |
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eschiff
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Banksy Basquiat Print, Gross Domestic Product™, by eschiff on Aug 27, 2020 18:49:38 GMT 1, wow, what a result. Goodness. Just assumed I was paying top of the market when I bought mine in May, never would've thought it would double in price at an auction. How is the market continuing like this - it's madness and hard to believe it's sustainable.
wow, what a result. Goodness. Just assumed I was paying top of the market when I bought mine in May, never would've thought it would double in price at an auction. How is the market continuing like this - it's madness and hard to believe it's sustainable.
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Deleted
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January 1970
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Banksy Basquiat Print, Gross Domestic Product™, by Deleted on Aug 27, 2020 18:52:06 GMT 1, Gentlemen has made a right purchase for a bargain price. the prophet
Gentlemen has made a right purchase for a bargain price. the prophet The perfect twist in this tale |
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ruby
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Banksy Basquiat Print, Gross Domestic Product™, by ruby on Aug 27, 2020 18:53:57 GMT 1, Pretty insane result, but then again, art is just another asset class that the Fed and other central banks continue to inflate indirectly...
so who wants mine for 150k USD? NY based. Framed. COA when i get it, yada yada yada...
Pretty insane result, but then again, art is just another asset class that the Fed and other central banks continue to inflate indirectly...
so who wants mine for 150k USD? NY based. Framed. COA when i get it, yada yada yada...
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Dive Jedi
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Banksy Basquiat Print, Gross Domestic Product™, by Dive Jedi on Aug 27, 2020 19:05:07 GMT 1, 95K hammer. 126K including BP and fees. Gotta say that’s strong.
Much nicer...... LOL !!
95K hammer. 126K including BP and fees. Gotta say that’s strong. I take it the grey version is worth more. Much nicer...... LOL !! |
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Dive Jedi
Junior Member
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October 2015
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Banksy Basquiat Print, Gross Domestic Product™, by Dive Jedi on Aug 27, 2020 19:06:52 GMT 1, How did Sale Ends v2 do ?
I missed the whole auction.
Just found out Norway killed 481 whales this year.
So was busy twittering. 
How did Sale Ends v2 do ? I missed the whole auction. Just found out Norway killed 481 whales this year. So was busy twittering. |
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mikegood
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Banksy Basquiat Print, Gross Domestic Product™, by mikegood on Aug 27, 2020 19:07:17 GMT 1, Wow, wow, WOW!
Wow, wow, WOW!
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Deleted
🗨️ 0
👍🏻
January 1970
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Banksy Basquiat Print, Gross Domestic Product™, by Deleted on Aug 27, 2020 19:20:13 GMT 1, wow, what a result. Goodness. Just assumed I was paying top of the market when I bought mine in May, never would've thought it would double in price at an auction. How is the market continuing like this - it's madness and hard to believe it's sustainable. Good luck getting the COA - what is to stop the owner (as he/she is still the owner) saying they want another 20k, 30k, 40k for a COA?
wow, what a result. Goodness. Just assumed I was paying top of the market when I bought mine in May, never would've thought it would double in price at an auction. How is the market continuing like this - it's madness and hard to believe it's sustainable. Good luck getting the COA - what is to stop the owner (as he/she is still the owner) saying they want another 20k, 30k, 40k for a COA? A contract, I'd imagine |
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LJCal
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Banksy Basquiat Print, Gross Domestic Product™, by LJCal on Aug 27, 2020 19:23:32 GMT 1, Good luck getting the COA - what is to stop the owner (as he/she is still the owner) saying they want another 20k, 30k, 40k for a COA? A contract, I'd imagine
Good luck getting the COA - what is to stop the owner (as he/she is still the owner) saying they want another 20k, 30k, 40k for a COA? A contract, I'd imagine If you have proof of purchase there is absolutely no way pest control won't issue a certificate if the prevoius owner is being difficult. They (PC and the previous owners) would open themselves up to all manner of legal and reputational issues if they didn't. |
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vvk
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Banksy Basquiat Print, Gross Domestic Product™, by vvk on Aug 27, 2020 19:23:33 GMT 1, Good luck getting the COA - what is to stop the owner (as he/she is still the owner) saying they want another 20k, 30k, 40k for a COA? A contract, I'd imagine
Good luck getting the COA - what is to stop the owner (as he/she is still the owner) saying they want another 20k, 30k, 40k for a COA? A contract, I'd imagine i was gonna say a gun or sending them pictures of the family etc. but yeah i guess a contract could work too. |
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LJCal
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Banksy Basquiat Print, Gross Domestic Product™, by LJCal on Aug 27, 2020 19:25:01 GMT 1, Gentlemen has made a right purchase for a bargain price.
Gentlemen has made a right purchase for a bargain price. Guess you've been proven right. |
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LJCal
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Banksy Basquiat Print, Gross Domestic Product™, by LJCal on Aug 27, 2020 19:25:44 GMT 1, If you listetened carefully at 6pm tonight you could make out the sound of around 600 people cumming in their pants.
If you listetened carefully at 6pm tonight you could make out the sound of around 600 people cumming in their pants.
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iamzero
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Banksy Basquiat Print, Gross Domestic Product™, by iamzero on Aug 27, 2020 19:26:59 GMT 1, These insane prices have took all the fun out the game. It's too much now, i feel the the whole scene is now owned buy the super rich.
I feel the same. As much as I like the idea that from the things I’m lucky enough to own, financially I’ve done ok. But I can’t help but feel sad in knowing that all of the art I set out chasing when I joined this forum is now far beyond my reach. If you’re a real collector of stuff you’ll get where I’m coming from. It’s not always about the money.
These insane prices have took all the fun out the game. It's too much now, i feel the the whole scene is now owned buy the super rich. I feel the same. As much as I like the idea that from the things I’m lucky enough to own, financially I’ve done ok. But I can’t help but feel sad in knowing that all of the art I set out chasing when I joined this forum is now far beyond my reach. If you’re a real collector of stuff you’ll get where I’m coming from. It’s not always about the money. |
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Deleted
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👍🏻
January 1970
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Banksy Basquiat Print, Gross Domestic Product™, by Deleted on Aug 27, 2020 19:27:26 GMT 1, These insane prices have took all the fun out the game. It's too much now, i feel the the whole scene is now owned buy the super rich.
It's been the case for ages that the only way to get a Banksy was to win a lottery, have invested early and be able to trade up, or to get the freebies. In the past couple of years, you could pick up a Palestine poster or one of three GDP prints for nothing; a Peckham Rock for £2; a Welcome mat for £500. Or you could enter GDP. There are still ways in to owning something Banksy. The thing that's changed is the early investors can't easily trade up to the next print.
These insane prices have took all the fun out the game. It's too much now, i feel the the whole scene is now owned buy the super rich. But that's been the case for ages. Unless you consider the days when prints were £10,000-30,000 to have been the days when normal people could get on board. Those sums are not in the reach of the vast majority of people. It's been the case for ages that the only way to get a Banksy was to win a lottery, have invested early and be able to trade up, or to get the freebies. In the past couple of years, you could pick up a Palestine poster or one of three GDP prints for nothing; a Peckham Rock for £2; a Welcome mat for £500. Or you could enter GDP. There are still ways in to owning something Banksy. The thing that's changed is the early investors can't easily trade up to the next print. |
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