Deleted
๐จ๏ธ 0
๐๐ป
January 1970
|
Bbay, The approved used Banksy dealership, by Deleted on Oct 20, 2019 9:35:52 GMT 1, It really is nothing complicated. Banksy wants to take back a level of control (and significant slice) of his highly lucrative secondary market sales. Bbay should be the first stop for anyone looking to acquire secondary market works moving forward, over and above auction houses, dealers and secondary market galleries. If they sell below dealer/gallery prices to get parity when VAT is added on or move onto a margin share scheme like the secondary market galleries, they can potentially take a large slice away from the legitimate galleries and the unscrupulous dealers that operate in this space, particularly given they have access to the original buyers records. If Iโd spent the last ten years building a business largely funded off the back of secondary market Banksy sales I would be concerned (although at least if you sell a work via a dealer or gallery there is a level of anonymity you would get, unless the new owner registers the work with PC in their name) which you wouldnโt get by selling via Bbay.
after the rise gallery in Croydon went under with people loosing money I'm sure people would rather choose bbay than anonymity. It would not be disclosed to anyone anyway.
It really is nothing complicated. Banksy wants to take back a level of control (and significant slice) of his highly lucrative secondary market sales. Bbay should be the first stop for anyone looking to acquire secondary market works moving forward, over and above auction houses, dealers and secondary market galleries. If they sell below dealer/gallery prices to get parity when VAT is added on or move onto a margin share scheme like the secondary market galleries, they can potentially take a large slice away from the legitimate galleries and the unscrupulous dealers that operate in this space, particularly given they have access to the original buyers records. If Iโd spent the last ten years building a business largely funded off the back of secondary market Banksy sales I would be concerned (although at least if you sell a work via a dealer or gallery there is a level of anonymity you would get, unless the new owner registers the work with PC in their name) which you wouldnโt get by selling via Bbay. after the rise gallery in Croydon went under with people loosing money I'm sure people would rather choose bbay than anonymity. It would not be disclosed to anyone anyway. |
|
dilu
New Member
๐จ๏ธ 153
๐๐ป 223
November 2010
|
Bbay, The approved used Banksy dealership, by dilu on Oct 20, 2019 9:38:25 GMT 1, Itโs quite interesting how we speculate on Banksys motive for bbay. Would you prefer to chance it on fleabay and ultimately end up with an expensive reproduction or ask the man himself to bring order to his work? Even if he were to make money from a seller, auction houses do they same. Equally, if Banksy was in it for the cash would he really still be selling prints at ยฃ500 which will go on to command ยฃ10000 plus in a year or two. If that was the cash why not sell at ยฃ1000 plus like most of his contemporaries now do (i.e PINs), without the flippability similarity.
Bottom line Banksy motive = honesty should not be questioned, and instead we should be well order will come to the Wild West.
Itโs quite interesting how we speculate on Banksys motive for bbay. Would you prefer to chance it on fleabay and ultimately end up with an expensive reproduction or ask the man himself to bring order to his work? Even if he were to make money from a seller, auction houses do they same. Equally, if Banksy was in it for the cash would he really still be selling prints at ยฃ500 which will go on to command ยฃ10000 plus in a year or two. If that was the cash why not sell at ยฃ1000 plus like most of his contemporaries now do (i.e PINs), without the flippability similarity.
Bottom line Banksy motive = honesty should not be questioned, and instead we should be well order will come to the Wild West.
|
|
Greenback
New Member
๐จ๏ธ 113
๐๐ป 99
November 2013
|
Bbay, The approved used Banksy dealership, by Greenback on Oct 20, 2019 10:08:29 GMT 1, It really is nothing complicated. Banksy wants to take back a level of control (and significant slice) of his highly lucrative secondary market sales. Bbay should be the first stop for anyone looking to acquire secondary market works moving forward, over and above auction houses, dealers and secondary market galleries. If they sell below dealer/gallery prices to get parity when VAT is added on or move onto a margin share scheme like the secondary market galleries, they can potentially take a large slice away from the legitimate galleries and the unscrupulous dealers that operate in this space, particularly given they have access to the original buyers records. If Iโd spent the last ten years building a business largely funded off the back of secondary market Banksy sales I would be concerned (although at least if you sell a work via a dealer or gallery there is a level of anonymity you would get, unless the new owner registers the work with PC in their name) which you wouldnโt get by selling via Bbay. after the rise gallery in Croydon went under with people loosing money I'm sure people would rather choose bbay than anonymity. It would not be disclosed to anyone anyway.
My point around anonymity is that a lot of people who have bought work from source donโt want PC to know they have sold, for risk of being put on a blacklist and not being offered anything at primary again.
You make a good point about RISE gallery though - people need a trustworthy source they can buy from after that episode.
It really is nothing complicated. Banksy wants to take back a level of control (and significant slice) of his highly lucrative secondary market sales. Bbay should be the first stop for anyone looking to acquire secondary market works moving forward, over and above auction houses, dealers and secondary market galleries. If they sell below dealer/gallery prices to get parity when VAT is added on or move onto a margin share scheme like the secondary market galleries, they can potentially take a large slice away from the legitimate galleries and the unscrupulous dealers that operate in this space, particularly given they have access to the original buyers records. If Iโd spent the last ten years building a business largely funded off the back of secondary market Banksy sales I would be concerned (although at least if you sell a work via a dealer or gallery there is a level of anonymity you would get, unless the new owner registers the work with PC in their name) which you wouldnโt get by selling via Bbay. after the rise gallery in Croydon went under with people loosing money I'm sure people would rather choose bbay than anonymity. It would not be disclosed to anyone anyway. My point around anonymity is that a lot of people who have bought work from source donโt want PC to know they have sold, for risk of being put on a blacklist and not being offered anything at primary again. You make a good point about RISE gallery though - people need a trustworthy source they can buy from after that episode. |
|
Deleted
๐จ๏ธ 0
๐๐ป
January 1970
|
Bbay, The approved used Banksy dealership, by Deleted on Oct 20, 2019 10:28:26 GMT 1, after the rise gallery in Croydon went under with people loosing money I'm sure people would rather choose bbay than anonymity. It would not be disclosed to anyone anyway. My point around anonymity is that a lot of people who have bought work from source donโt want PC to know they have sold, for risk of being put on a blacklist and not being offered anything at primary again. You make a good point about RISE gallery though - people need a trustworthy source they can buy from after that episode.
you have a point. Pow were selling artist proof of NOLA in mid 2013 for people on their preferred list shall we say for around 12k. To be honest I don't know how it will work out yet. Wait and see.
after the rise gallery in Croydon went under with people loosing money I'm sure people would rather choose bbay than anonymity. It would not be disclosed to anyone anyway. My point around anonymity is that a lot of people who have bought work from source donโt want PC to know they have sold, for risk of being put on a blacklist and not being offered anything at primary again. You make a good point about RISE gallery though - people need a trustworthy source they can buy from after that episode. you have a point. Pow were selling artist proof of NOLA in mid 2013 for people on their preferred list shall we say for around 12k. To be honest I don't know how it will work out yet. Wait and see. |
|
dilu
New Member
๐จ๏ธ 153
๐๐ป 223
November 2010
|
Bbay, The approved used Banksy dealership, by dilu on Oct 25, 2019 15:49:56 GMT 1, What if the purpose/role of bbay is to be the only way to buy and sell items sold at the GDP shop and all future items. Might Banksy set a ceiling on items being sold so flippers canโt flip?
If you opt out if this, youโd not be issued with. COA.
This might damage his secondary market but not his brand because it would subvert the art market and keep art in the hands of those guys who would buy his prints when the market was slow and miles away from the hypermarket.
Discuss.
What if the purpose/role of bbay is to be the only way to buy and sell items sold at the GDP shop and all future items. Might Banksy set a ceiling on items being sold so flippers canโt flip?
If you opt out if this, youโd not be issued with. COA.
This might damage his secondary market but not his brand because it would subvert the art market and keep art in the hands of those guys who would buy his prints when the market was slow and miles away from the hypermarket.
Discuss.
|
|
moron
Junior Member
๐จ๏ธ 2,711
๐๐ป 1,051
September 2017
|
Bbay, The approved used Banksy dealership, by moron on Oct 26, 2019 21:37:52 GMT 1, Great idea, will be interesting to see how the site develops and what impact it may have on the market. massive impact. If they say the buyer can only obtain a coa if it's sold through bbay then someone who has a tax return to pay selling a NOLA then will reduce price if there are two Nola's for sale then price will be impacted for seller.
I am sure that Bbay will be 100% fair and correct in dealing with owners of Banksy items.
Great idea, will be interesting to see how the site develops and what impact it may have on the market. massive impact. If they say the buyer can only obtain a coa if it's sold through bbay then someone who has a tax return to pay selling a NOLA then will reduce price if there are two Nola's for sale then price will be impacted for seller. That would be construed as blackmail. I am sure that Bbay will be 100% fair and correct in dealing with owners of Banksy items. |
|
|
|
tab1
Full Member
๐จ๏ธ 8,519
๐๐ป 3,679
September 2011
|
Bbay, The approved used Banksy dealership, by tab1 on Oct 26, 2019 21:40:00 GMT 1, What if the purpose/role of bbay is to be the only way to buy and sell items sold at the GDP shop and all future items. Might Banksy set a ceiling on items being sold so flippers canโt flip? If you opt out if this, youโd not be issued with. COA. This might damage his secondary market but not his brand because it would subvert the art market and keep art in the hands of those guys who would buy his prints when the market was slow and miles away from the hypermarket. Discuss. no ๐
What if the purpose/role of bbay is to be the only way to buy and sell items sold at the GDP shop and all future items. Might Banksy set a ceiling on items being sold so flippers canโt flip? If you opt out if this, youโd not be issued with. COA. This might damage his secondary market but not his brand because it would subvert the art market and keep art in the hands of those guys who would buy his prints when the market was slow and miles away from the hypermarket. Discuss. no ๐ |
|
moron
Junior Member
๐จ๏ธ 2,711
๐๐ป 1,051
September 2017
|
Bbay, The approved used Banksy dealership, by moron on Oct 26, 2019 21:40:39 GMT 1, after the rise gallery in Croydon went under with people loosing money I'm sure people would rather choose bbay than anonymity. It would not be disclosed to anyone anyway. My point around anonymity is that a lot of people who have bought work from source donโt want PC to know they have sold, for risk of being put on a blacklist and not being offered anything at primary again. You make a good point about RISE gallery though - people need a trustworthy source they can buy from after that episode.
beta.companieshouse.gov.uk/company/12281596/persons-with-significant-control BBAY ART LTD
after the rise gallery in Croydon went under with people loosing money I'm sure people would rather choose bbay than anonymity. It would not be disclosed to anyone anyway. My point around anonymity is that a lot of people who have bought work from source donโt want PC to know they have sold, for risk of being put on a blacklist and not being offered anything at primary again. You make a good point about RISE gallery though - people need a trustworthy source they can buy from after that episode. I won't be surprised if BBay and Pest control and POW do share private owners and potential buyers information with each other. beta.companieshouse.gov.uk/company/12281596/persons-with-significant-control BBAY ART LTD |
|
moron
Junior Member
๐จ๏ธ 2,711
๐๐ป 1,051
September 2017
|
Bbay, The approved used Banksy dealership, by moron on Oct 26, 2019 21:44:15 GMT 1, bbay.shop/ "your first choice destination to trade in second hand work"
www.dictionary.com/browse/trade--in
"goods given in whole or, usually, part payment of a purchase:
We used our old car as a trade-in for the new one."
|
|
moron
Junior Member
๐จ๏ธ 2,711
๐๐ป 1,051
September 2017
|
Bbay, The approved used Banksy dealership, by moron on Oct 26, 2019 21:51:08 GMT 1, Thereโs no hyphen in the Bbay text. Give it a fรผcking rest will you Ploppi.
Trade in or trade-in it means the same thing.
Seems you just make thing up inside your tiny mind in order to slag people off.
I feel sorry for you.
Thereโs no hyphen in the Bbay text. Give it a fรผcking rest will you Ploppi. Trade in or trade-in it means the same thing. Seems you just make thing up inside your tiny mind in order to slag people off. I feel sorry for you. |
|
moron
Junior Member
๐จ๏ธ 2,711
๐๐ป 1,051
September 2017
|
Bbay, The approved used Banksy dealership, by moron on Oct 26, 2019 22:06:31 GMT 1, Trade in or trade-in it means the same thing. Seems you just make thing up inside your tiny mind in order to slag people off. I feel sorry for you. โTo trade-in second hand workโ does not mean the same as โto trade in second hand work at allโ, you illiterate alt-right imbecile.
Prove it doesn't
Trade in or trade-in it means the same thing. Seems you just make thing up inside your tiny mind in order to slag people off. I feel sorry for you. โTo trade-in second hand workโ does not mean the same as โto trade in second hand work at allโ, you illiterate alt-right imbecile. Yes it does. Prove it doesn't |
|
moron
Junior Member
๐จ๏ธ 2,711
๐๐ป 1,051
September 2017
|
Bbay, The approved used Banksy dealership, by moron on Oct 26, 2019 22:10:38 GMT 1, Yes it does. Prove it doesn't Kill me now.
Yes it does. Prove it doesn't Kill me now. there is no - in alt right. |
|
moron
Junior Member
๐จ๏ธ 2,711
๐๐ป 1,051
September 2017
|
Bbay, The approved used Banksy dealership, by moron on Oct 26, 2019 22:15:51 GMT 1, www.merriam-webster.com/dictionary/trade-in verb and noun meanings.
As we all know when trading in an item one doesn't always get the best deal available.
|
|
Deleted
๐จ๏ธ 0
๐๐ป
January 1970
|
Bbay, The approved used Banksy dealership, by Deleted on Oct 26, 2019 22:18:37 GMT 1,
it's the traffic warden son from dismaland
it's the traffic warden son from dismaland |
|
|
|
moron
Junior Member
๐จ๏ธ 2,711
๐๐ป 1,051
September 2017
|
Bbay, The approved used Banksy dealership, by moron on Oct 26, 2019 22:35:16 GMT 1, there is no - in alt right. Yes there is. You of all people should know that. Breitbart do.
I think you are very biased and it's mainly to do with money and peer pressure and people you surround yourself with. It's called massive arrogance.
there is no - in alt right. Yes there is. You of all people should know that. Breitbart do. I am neither alt right nor alt left. I think you are very biased and it's mainly to do with money and peer pressure and people you surround yourself with. It's called massive arrogance. |
|
met
Junior Member
๐จ๏ธ 2,796
๐๐ป 6,762
June 2009
|
Bbay, The approved used Banksy dealership, by met on Oct 26, 2019 22:37:41 GMT 1, Thereโs no hyphen in the Bbay text. Give it a fรผcking rest will you Ploppi.
For the benefit of anyone whose first language is not English:
1. To "trade-in" (phrasal verb) means to swap or exchange [one item for another].
2. To "trade in" (verb + preposition) โ i.e. as this expression is used in the context of the Bbay dealership web page* โ means to do business in, or to deal in [secondhand work by Banksy].
Thereโs no hyphen in the Bbay text. Give it a fรผcking rest will you Ploppi. For the benefit of anyone whose first language is not English: 1. To "trade-in" (phrasal verb) means to swap or exchange [one item for another]. 2. To "trade in" (verb + preposition) โ i.e. as this expression is used in the context of the Bbay dealership web page * โ means to do business in, or to deal in [secondhand work by Ban ksy]. |
|
drip
Junior Member
๐จ๏ธ 2,419
๐๐ป 5,064
February 2015
|
Bbay, The approved used Banksy dealership, by drip on Oct 26, 2019 22:51:13 GMT 1, Thereโs no hyphen in the Bbay text. Give it a fรผcking rest will you Ploppi. For the benefit of anyone whose first language is not English: 1. To "trade-in" (phrasal verb) means to swap or exchange [one item for another]. 2. To "trade in" (verb + preposition) โ i.e. as this expression is used in the context of the Bbay dealership web page * โ means to do business in, or to deal in [secondhand work by Ban ksy].
Thereโs no hyphen in the Bbay text. Give it a fรผcking rest will you Ploppi. For the benefit of anyone whose first language is not English: 1. To "trade-in" (phrasal verb) means to swap or exchange [one item for another]. 2. To "trade in" (verb + preposition) โ i.e. as this expression is used in the context of the Bbay dealership web page * โ means to do business in, or to deal in [secondhand work by Ban ksy]. Met, I just want to take a moment to thank you for your posts on here. Your thoughts and contributions are very much appreciated. |
|
met
Junior Member
๐จ๏ธ 2,796
๐๐ป 6,762
June 2009
|
Bbay, The approved used Banksy dealership, by met on Oct 27, 2019 16:03:41 GMT 1, For the benefit of anyone whose first language is not English: 1. To "trade-in" (phrasal verb) means to swap or exchange [one item for another]. 2. To "trade in" (verb + preposition) โ i.e. as this expression is used in the context of the Bbay dealership web page * โ means to do business in, or to deal in [secondhand work by Ban ksy]. Met, I just want to take a moment to thank you for your posts on here. Your thoughts and contributions are very much appreciated.
Cheers, Ip โ the feeling is mutual.
Whether it be an airplane or a forum, it's always reassuring to have a doctor like yourself on board.
For the benefit of anyone whose first language is not English: 1. To "trade-in" (phrasal verb) means to swap or exchange [one item for another]. 2. To "trade in" (verb + preposition) โ i.e. as this expression is used in the context of the Bbay dealership web page * โ means to do business in, or to deal in [secondhand work by Ban ksy]. Met, I just want to take a moment to thank you for your posts on here. Your thoughts and contributions are very much appreciated. Cheers, Ip โ the feeling is mutual. Whether it be an airplane or a forum, it's always reassuring to have a doctor like yourself on board. |
|
seamusdorey
New Member
๐จ๏ธ 316
๐๐ป 752
October 2019
|
Bbay, The approved used Banksy dealership, by seamusdorey on Nov 7, 2019 14:12:40 GMT 1, 'The Artist's Resale Right (โARRโ) affords the creators of original works of art, which include graphic works, paintings, sculptures and collages, the right to a royalty when their work is resold through a qualifying intermediary, such as an auction house or art dealer.'
This hasn't been discussed yet. I wonder how this will impact on Banksy's ARR, when the qualifying intermediary is actually owned by the artist. I imagine it will make no difference and he will still receive the relevant ARR royalties?
However, I suspect BBay will have a strong charity ethos with perhaps a percentage of commission going to various good causes?
'The Artist's Resale Right (โARRโ) affords the creators of original works of art, which include graphic works, paintings, sculptures and collages, the right to a royalty when their work is resold through a qualifying intermediary, such as an auction house or art dealer.'
This hasn't been discussed yet. I wonder how this will impact on Banksy's ARR, when the qualifying intermediary is actually owned by the artist. I imagine it will make no difference and he will still receive the relevant ARR royalties?
However, I suspect BBay will have a strong charity ethos with perhaps a percentage of commission going to various good causes?
|
|
Rubberneck
Junior Member
๐จ๏ธ 1,050
๐๐ป 1,433
October 2018
|
Bbay, The approved used Banksy dealership, by Rubberneck on Nov 7, 2019 14:23:48 GMT 1, I emailed PC about BBay yesterday .. will be live in January/ early new year..
I emailed PC about BBay yesterday .. will be live in January/ early new year..
|
|
Rubberneck
Junior Member
๐จ๏ธ 1,050
๐๐ป 1,433
October 2018
|
Bbay, The approved used Banksy dealership, by Rubberneck on Nov 7, 2019 21:44:46 GMT 1, http://instagram.com/p/B4k1HKvlR5x
Looks like good stuff going be on there ..
|
|
moron
Junior Member
๐จ๏ธ 2,711
๐๐ป 1,051
September 2017
|
Bbay, The approved used Banksy dealership, by moron on Nov 9, 2019 21:05:59 GMT 1, So people who own Banksy stuff can trade that in for more expensive Banksy stuff, latest model Banksy stuff and I presume that they will be given less than market prices for whatever they choose to trade in.
Wonder if there are a group of people behind this BBay thing looking to buy up Banksy stuff cheap?
So people who own Banksy stuff can trade that in for more expensive Banksy stuff, latest model Banksy stuff and I presume that they will be given less than market prices for whatever they choose to trade in.
Wonder if there are a group of people behind this BBay thing looking to buy up Banksy stuff cheap?
|
|
|
|
pellets
New Member
๐จ๏ธ 758
๐๐ป 751
October 2018
|
Bbay, The approved used Banksy dealership, by pellets on Nov 10, 2019 16:41:29 GMT 1, I dont want to seem uncool or nothing, but what is the connection between Lonelyfarmer and BBay? Why would LFโs insta = a preview of what will be on Bbay?
I dont want to seem uncool or nothing, but what is the connection between Lonelyfarmer and BBay? Why would LFโs insta = a preview of what will be on Bbay?
|
|
LJCal
Junior Member
๐จ๏ธ 2,980
๐๐ป 4,523
December 2019
|
Bbay, The approved used Banksy dealership, by LJCal on Dec 14, 2019 2:27:00 GMT 1, My point around anonymity is that a lot of people who have bought work from source donโt want PC to know they have sold, for risk of being put on a blacklist and not being offered anything at primary again. You make a good point about RISE gallery though - people need a trustworthy source they can buy from after that episode. I won't be surprised if BBay and Pest control and POW do share private owners and potential buyers information with each other. beta.companieshouse.gov.uk/company/12281596/persons-with-significant-control BBAY ART LTD
My point around anonymity is that a lot of people who have bought work from source donโt want PC to know they have sold, for risk of being put on a blacklist and not being offered anything at primary again. You make a good point about RISE gallery though - people need a trustworthy source they can buy from after that episode. I won't be surprised if BBay and Pest control and POW do share private owners and potential buyers information with each other. beta.companieshouse.gov.uk/company/12281596/persons-with-significant-control BBAY ART LTD This is interesting. The directors and shareholders are the same as POW, interestingly a whole load of new directors have been appointed at POW. Looks like Bbay is part of the to be continued of POW. My view is that Bbay will have a profound impact on the market and add a much greater degree of transparency on pricing. I expect it will impact auction houses and dealers badly, not sure of the impact on value of the artwork. I guess a platform where buyers can purchase with confidence and transparently will be a good thing for values long term but will probably make it harder to flip going forward. |
|
moron
Junior Member
๐จ๏ธ 2,711
๐๐ป 1,051
September 2017
|
Bbay, The approved used Banksy dealership, by moron on Dec 17, 2019 16:40:28 GMT 1, This is interesting. The directors and shareholders are the same as POW, interestingly a whole load of new directors have been appointed at POW. Looks like Bbay is part of the to be continued of POW. My view is that Bbay will have a profound impact on the market and add a much greater degree of transparency on pricing. I expect it will impact auction houses and dealers badly, not sure of the impact on value of the artwork. I guess a platform where buyers can purchase with confidence and transparently will be a good thing for values long term but will probably make it harder to flip going forward.
I do not think that whether a buyer or seller, re sold a Banksy artwork should have anything to do with information that is shared with Pest Control etc and should not be used against buyers or sellers in any way.
What someone does with a print etc after they have bought it is their business.
This is interesting. The directors and shareholders are the same as POW, interestingly a whole load of new directors have been appointed at POW. Looks like Bbay is part of the to be continued of POW. My view is that Bbay will have a profound impact on the market and add a much greater degree of transparency on pricing. I expect it will impact auction houses and dealers badly, not sure of the impact on value of the artwork. I guess a platform where buyers can purchase with confidence and transparently will be a good thing for values long term but will probably make it harder to flip going forward. Regarding privacy laws. Whatever setup the directors use. It has to be in the interests of the public that use the site and service that is offered. I do not think that whether a buyer or seller, re sold a Banksy artwork should have anything to do with information that is shared with Pest Control etc and should not be used against buyers or sellers in any way. What someone does with a print etc after they have bought it is their business. |
|
cest
Junior Member
๐จ๏ธ 1,725
๐๐ป 1,160
September 2018
|
Bbay, The approved used Banksy dealership, by cest on Dec 17, 2019 17:34:49 GMT 1, Imo -Prices will have to go up. It will be one of the few artists who have a bullet proof coa... That means buyers nervous about fakes will go to the one place they can get it securely, and when bbay runs out of stock (creating more scarcity) the secondary will again flourish, but for more money.
Imo -Prices will have to go up. It will be one of the few artists who have a bullet proof coa... That means buyers nervous about fakes will go to the one place they can get it securely, and when bbay runs out of stock (creating more scarcity) the secondary will again flourish, but for more money.
|
|
lv90210
Junior Member
๐จ๏ธ 2,030
๐๐ป 1,926
January 2018
|
Bbay, The approved used Banksy dealership, by lv90210 on Dec 17, 2019 17:52:32 GMT 1, Imo -Prices will have to go up. It will be one of the few artists who have a bullet proof coa... That means buyers nervous about fakes will go to the one place they can get it securely, and when bbay runs out of stock (creating more scarcity) the secondary will again flourish, but for more money.
Imo -Prices will have to go up. It will be one of the few artists who have a bullet proof coa... That means buyers nervous about fakes will go to the one place they can get it securely, and when bbay runs out of stock (creating more scarcity) the secondary will again flourish, but for more money. Great point. |
|
|
|
Bbay, The approved used Banksy dealership, by Happy Shopper on Dec 17, 2019 17:56:52 GMT 1, Imo -Prices will have to go up. It will be one of the few artists who have a bullet proof coa... That means buyers nervous about fakes will go to the one place they can get it securely, and when bbay runs out of stock (creating more scarcity) the secondary will again flourish, but for more money.
I doubt Bbay will run out of stock. There always seems to be people wanting to sell Banksy work, and there may be benefits to selling through them.
Imo -Prices will have to go up. It will be one of the few artists who have a bullet proof coa... That means buyers nervous about fakes will go to the one place they can get it securely, and when bbay runs out of stock (creating more scarcity) the secondary will again flourish, but for more money. I doubt Bbay will run out of stock. There always seems to be people wanting to sell Banksy work, and there may be benefits to selling through them. |
|
cest
Junior Member
๐จ๏ธ 1,725
๐๐ป 1,160
September 2018
|
Bbay, The approved used Banksy dealership, by cest on Dec 17, 2019 18:05:32 GMT 1, Imo -Prices will have to go up. It will be one of the few artists who have a bullet proof coa... That means buyers nervous about fakes will go to the one place they can get it securely, and when bbay runs out of stock (creating more scarcity) the secondary will again flourish, but for more money. I doubt Bbay will run out of stock. There always seems to be people wanting to sell Banksy work, and there may be benefits to selling through them.
There is no way they can't run out of stock. Remember they've already done this. I was going to buy something from them last year but they had such Limited stock that I couldn't find the right piece.
Once they advertise that they are the central hub for all trades, they will get sold out of the more popular or sought-after pieces assuming their pricing is in line with demand. The only way they won't is it they price everything out of everyone's reach and a secondary Market is undercutting.
Imo -Prices will have to go up. It will be one of the few artists who have a bullet proof coa... That means buyers nervous about fakes will go to the one place they can get it securely, and when bbay runs out of stock (creating more scarcity) the secondary will again flourish, but for more money. I doubt Bbay will run out of stock. There always seems to be people wanting to sell Banksy work, and there may be benefits to selling through them. There is no way they can't run out of stock. Remember they've already done this. I was going to buy something from them last year but they had such Limited stock that I couldn't find the right piece. Once they advertise that they are the central hub for all trades, they will get sold out of the more popular or sought-after pieces assuming their pricing is in line with demand. The only way they won't is it they price everything out of everyone's reach and a secondary Market is undercutting. |
|
touchdowntodd
Junior Member
๐จ๏ธ 1,515
๐๐ป 1,416
April 2017
|
Bbay, The approved used Banksy dealership, by touchdowntodd on Dec 17, 2019 18:16:30 GMT 1, I doubt Bbay will run out of stock. There always seems to be people wanting to sell Banksy work, and there may be benefits to selling through them. There is no way they can't run out of stock. Remember they've already done this. I was going to buy something from them last year but they had such Limited stock that I couldn't find the right piece. Once they advertise that they are the central hub for all trades, they will get sold out of the more popular or sought-after pieces assuming their pricing is in line with demand. The only way they won't is it they price everything out of everyone's reach and a secondary Market is undercutting.
Imho you'll see individuals listing on there as well. Which will automatically create a situation where markets "inflate" to make up for fees etc.. it will become the place to buy his work.. Unless people want to take increased risk to buy off it..
Increased selling prices, possibly decreased seller take home...
Basically will be just an auction site but verified
I doubt Bbay will run out of stock. There always seems to be people wanting to sell Banksy work, and there may be benefits to selling through them. There is no way they can't run out of stock. Remember they've already done this. I was going to buy something from them last year but they had such Limited stock that I couldn't find the right piece. Once they advertise that they are the central hub for all trades, they will get sold out of the more popular or sought-after pieces assuming their pricing is in line with demand. The only way they won't is it they price everything out of everyone's reach and a secondary Market is undercutting. Imho you'll see individuals listing on there as well. Which will automatically create a situation where markets "inflate" to make up for fees etc.. it will become the place to buy his work.. Unless people want to take increased risk to buy off it.. Increased selling prices, possibly decreased seller take home... Basically will be just an auction site but verified |
|
