|
|
Bbay, The approved used Banksy dealership, by The Italian One on Feb 13, 2020 16:43:21 GMT 1, I was exchanging emails with them on print authentication and asked about BBay timeline and they replied โwill be sometime later this yearโ. Not sure this I lis purposefully vague or if itโs further delayed.
I was exchanging emails with them on print authentication and asked about BBay timeline and they replied โwill be sometime later this yearโ. Not sure this I lis purposefully vague or if itโs further delayed. they told me soon....I don't know why but I thought in march-april |
|
ramo
New Member
๐จ๏ธ 269
๐๐ป 70
February 2009
|
Bbay, The approved used Banksy dealership, by ramo on Feb 20, 2020 9:15:34 GMT 1, Yesterday reminder on Instagram (from banksygrossdomesticproduct account)...
Yesterday reminder on Instagram (from banksygrossdomesticproduct account)...
|
|
Deleted
๐จ๏ธ 0
๐๐ป
January 1970
|
Bbay, The approved used Banksy dealership, by Deleted on Feb 20, 2020 9:17:53 GMT 1, Yesterday reminder on Instagram (from banksygrossdomesticproduct account)...
Fake account
Yesterday reminder on Instagram (from banksygrossdomesticproduct account)... Fake account |
|
ramo
New Member
๐จ๏ธ 269
๐๐ป 70
February 2009
|
Bbay, The approved used Banksy dealership, by ramo on Feb 20, 2020 9:43:08 GMT 1, Dont think so.
grossdomesticproductplacement.com is fake account
Dont think so.
grossdomesticproductplacement.com is fake account |
|
Deleted
๐จ๏ธ 0
๐๐ป
January 1970
|
Bbay, The approved used Banksy dealership, by Deleted on Feb 20, 2020 9:44:31 GMT 1, Dont think so.
grossdomesticproductplacement.com is fake account
Iโm afraid it is.
Dont think so.
grossdomesticproductplacement.com is fake account Iโm afraid it is. |
|
Ruggs
Full Member
๐จ๏ธ 8,963
๐๐ป 4,581
January 2008
|
Bbay, The approved used Banksy dealership, by Ruggs on Feb 29, 2020 2:17:17 GMT 1, Getting interesting! bbay_banksy contest.
Getting interesting! bbay_banksy contest.
|
|
|
|
Easy-Z
New Member
๐จ๏ธ 623
๐๐ป 751
January 2019
|
Bbay, The approved used Banksy dealership, by Easy-Z on Feb 29, 2020 3:47:06 GMT 1, Getting interesting! bbay_banksy contest. 
Getting interesting! bbay_banksy contest. |
|
Inknart
Junior Member
๐จ๏ธ 3,490
๐๐ป 3,288
April 2015
|
Bbay, The approved used Banksy dealership, by Inknart on Feb 29, 2020 4:00:21 GMT 1, Getting interesting! bbay_banksy contest.
Getting interesting! bbay_banksy contest. Fake account , with a fake contest, to try to get followers |
|
Easy-Z
New Member
๐จ๏ธ 623
๐๐ป 751
January 2019
|
Bbay, The approved used Banksy dealership, by Easy-Z on Feb 29, 2020 4:07:22 GMT 1, Fake account , with a fake contest, to try to get followers
I'll take a real contest from a fake account though.
Fake account , with a fake contest, to try to get followers Bogus. I'll take a real contest from a fake account though. |
|
JD
Junior Member
๐จ๏ธ 1,756
๐๐ป 706
June 2007
|
Bbay, The approved used Banksy dealership, by JD on Feb 29, 2020 10:49:16 GMT 1, Iโm confused. Is the bbay insta comp a fake account ?
Iโm confused. Is the bbay insta comp a fake account ?
|
|
PS
New Member
๐จ๏ธ 828
๐๐ป 755
April 2016
|
Bbay, The approved used Banksy dealership, by PS on Feb 29, 2020 10:51:20 GMT 1, Iโm confused. Is the bbay insta comp a fake account ?
Yes
Iโm confused. Is the bbay insta comp a fake account ? Yes |
|
JD
Junior Member
๐จ๏ธ 1,756
๐๐ป 706
June 2007
|
Bbay, The approved used Banksy dealership, by JD on Feb 29, 2020 14:53:35 GMT 1, Iโm confused. Is the bbay insta comp a fake account ? Yes
It better not be ! He messaged me and asked me to send ยฃ5k for a thrower thrower to a Nigerian bank account ! I did it
Iโm confused. Is the bbay insta comp a fake account ? Yes It better not be ! He messaged me and asked me to send ยฃ5k for a thrower thrower to a Nigerian bank account ! I did it |
|
Pawel
Junior Member
๐จ๏ธ 3,798
๐๐ป 3,271
June 2015
|
Bbay, The approved used Banksy dealership, by Pawel on Feb 29, 2020 15:01:44 GMT 1, It better not be ! He messaged me and asked me to send ยฃ5k for a thrower thrower to a Nigerian bank account ! I did it
Who wouldn't? A no-brainer!
It better not be ! He messaged me and asked me to send ยฃ5k for a thrower thrower to a Nigerian bank account ! I did it Who wouldn't? A no-brainer! |
|
LJCal
Junior Member
๐จ๏ธ 2,980
๐๐ป 4,523
December 2019
|
Bbay, The approved used Banksy dealership, by LJCal on Mar 1, 2020 10:27:38 GMT 1, Yeah, I agree. Sounds like a business with them taking big risks for I guess a small fee. What if prints get damaged in transit, or the authenticity is in dispute ๐ณ I could imagine big disputes. GDP is presumably partly a test of their ability to do this. They're delivering all sorts of different items all over the world. They're using Flight Logistics, who I think are accepted as the best in the business for delivering art. Haven't heard of any issues so far. Stands to reason they'd continue to use them. When you say small fee, if they were taking 10% of each sale (a guess, but a similar fee to auction houses seems likely) that's going to be ยฃ2k+ per piece they handle. I doubt they'll be dealing in anything other than the works PC authenticates, i.e. no posters, box sets, etc. That means a lot of money. There aren't thatย many Banksy works out there - I think I'm right in saying there are thousands, rather than tens of thousands, and many not for sale - so they're never going to be dealing with eBay volumes.ย If I were buying a Banksy, I'd be much more comfortable buying from something run by Pest Control than I would buying on eBay or from here. I'd put them on a level with buying from a big auction house, i.e. I'd be totally confident they'd done their due diligence.ย
There are around 30,000 prints and probably about 1000 or so originals by my estimate. Say 5% change hands a year with an average value of ยฃ20k for a print and ยฃ500k for an original. Thatโs about ยฃ55m a year in sales, say a conservative estimate of ยฃ30m. If all of those prints were sold through auction houses that would equate to around ยฃ7-12m in fees. If Bbay charge 20% and get half the market which they may well do they stand to bring in around ยฃ3m a year.
Yeah, I agree. Sounds like a business with them taking big risks for I guess a small fee. What if prints get damaged in transit, or the authenticity is in dispute ๐ณ I could imagine big disputes. GDP is presumably partly a test of their ability to do this. They're delivering all sorts of different items all over the world. They're using Flight Logistics, who I think are accepted as the best in the business for delivering art. Haven't heard of any issues so far. Stands to reason they'd continue to use them. When you say small fee, if they were taking 10% of each sale (a guess, but a similar fee to auction houses seems likely) that's going to be ยฃ2k+ per piece they handle. I doubt they'll be dealing in anything other than the works PC authenticates, i.e. no posters, box sets, etc. That means a lot of money. There aren't thatย many Banksy works out there - I think I'm right in saying there are thousands, rather than tens of thousands, and many not for sale - so they're never going to be dealing with eBay volumes.ย If I were buying a Banksy, I'd be much more comfortable buying from something run by Pest Control than I would buying on eBay or from here. I'd put them on a level with buying from a big auction house, i.e. I'd be totally confident they'd done their due diligence.ย There are around 30,000 prints and probably about 1000 or so originals by my estimate. Say 5% change hands a year with an average value of ยฃ20k for a print and ยฃ500k for an original. Thatโs about ยฃ55m a year in sales, say a conservative estimate of ยฃ30m. If all of those prints were sold through auction houses that would equate to around ยฃ7-12m in fees. If Bbay charge 20% and get half the market which they may well do they stand to bring in around ยฃ3m a year. |
|
|
|
Lazarus II
Junior Member
๐จ๏ธ 1,804
๐๐ป 2,429
August 2019
|
Bbay, The approved used Banksy dealership, by Lazarus II on Mar 1, 2020 11:04:31 GMT 1, Yeah, I agree. Sounds like a business with them taking big risks for I guess a small fee. What if prints get damaged in transit, or the authenticity is in dispute ๐ณ I could imagine big disputes. GDP is presumably partly a test of their ability to do this. They're delivering all sorts of different items all over the world. They're using Flight Logistics, who I think are accepted as the best in the business for delivering art. Haven't heard of any issues so far. Stands to reason they'd continue to use them. When you say small fee, if they were taking 10% of each sale (a guess, but a similar fee to auction houses seems likely) that's going to be ยฃ2k+ per piece they handle. I doubt they'll be dealing in anything other than the works PC authenticates, i.e. no posters, box sets, etc. That means a lot of money. There aren't thatย many Banksy works out there - I think I'm right in saying there are thousands, rather than tens of thousands, and many not for sale - so they're never going to be dealing with eBay volumes.ย If I were buying a Banksy, I'd be much more comfortable buying from something run by Pest Control than I would buying on eBay or from here. I'd put them on a level with buying from a big auction house, i.e. I'd be totally confident they'd done their due diligence.ย
there is a thread on here somewhere that discusses issues with FL. i have used them successfully many times but I also had one very bad experience when a crated print arrived covered in size 10 footprints.
They are only as good as the courier they use and in this instance they used a now defunct UK courier more used to delivering amazon parcels as opposed to expensive art. My print was undamaged due to the bespoke crate that the seller provided, all FL had to do was ship it the length of the UK.
Yeah, I agree. Sounds like a business with them taking big risks for I guess a small fee. What if prints get damaged in transit, or the authenticity is in dispute ๐ณ I could imagine big disputes. GDP is presumably partly a test of their ability to do this. They're delivering all sorts of different items all over the world. They're using Flight Logistics, who I think are accepted as the best in the business for delivering art. Haven't heard of any issues so far. Stands to reason they'd continue to use them. When you say small fee, if they were taking 10% of each sale (a guess, but a similar fee to auction houses seems likely) that's going to be ยฃ2k+ per piece they handle. I doubt they'll be dealing in anything other than the works PC authenticates, i.e. no posters, box sets, etc. That means a lot of money. There aren't thatย many Banksy works out there - I think I'm right in saying there are thousands, rather than tens of thousands, and many not for sale - so they're never going to be dealing with eBay volumes.ย If I were buying a Banksy, I'd be much more comfortable buying from something run by Pest Control than I would buying on eBay or from here. I'd put them on a level with buying from a big auction house, i.e. I'd be totally confident they'd done their due diligence.ย there is a thread on here somewhere that discusses issues with FL. i have used them successfully many times but I also had one very bad experience when a crated print arrived covered in size 10 footprints. They are only as good as the courier they use and in this instance they used a now defunct UK courier more used to delivering amazon parcels as opposed to expensive art. My print was undamaged due to the bespoke crate that the seller provided, all FL had to do was ship it the length of the UK. |
|
JJN
New Member
๐จ๏ธ 157
๐๐ป 69
April 2017
|
Bbay, The approved used Banksy dealership, by JJN on Mar 2, 2020 6:45:11 GMT 1, GDP is presumably partly a test of their ability to do this. They're delivering all sorts of different items all over the world. They're using Flight Logistics, who I think are accepted as the best in the business for delivering art. Haven't heard of any issues so far. Stands to reason they'd continue to use them. When you say small fee, if they were taking 10% of each sale (a guess, but a similar fee to auction houses seems likely) that's going to be ยฃ2k+ per piece they handle. I doubt they'll be dealing in anything other than the works PC authenticates, i.e. no posters, box sets, etc. That means a lot of money. There aren't that many Banksy works out there - I think I'm right in saying there are thousands, rather than tens of thousands, and many not for sale - so they're never going to be dealing with eBay volumes. If I were buying a Banksy, I'd be much more comfortable buying from something run by Pest Control than I would buying on eBay or from here. I'd put them on a level with buying from a big auction house, i.e. I'd be totally confident they'd done their due diligence. There are around 30,000 prints and probably about 1000 or so originals by my estimate. Say 5% change hands a year with an average value of ยฃ20k for a print and ยฃ500k for an original. Thatโs about ยฃ55m a year in sales, say a conservative estimate of ยฃ30m. If all of those prints were sold through auction houses that would equate to around ยฃ7-12m in fees. If Bbay charge 20% and get half the market which they may well do they stand to bring in around ยฃ3m a year.
That makes the Banksy market worth just over a Billion Pounds!
Probably right if not higher.
Curious how you came up with #s for the 30k prints ans 1k orginals?
GDP is presumably partly a test of their ability to do this. They're delivering all sorts of different items all over the world. They're using Flight Logistics, who I think are accepted as the best in the business for delivering art. Haven't heard of any issues so far. Stands to reason they'd continue to use them. When you say small fee, if they were taking 10% of each sale (a guess, but a similar fee to auction houses seems likely) that's going to be ยฃ2k+ per piece they handle. I doubt they'll be dealing in anything other than the works PC authenticates, i.e. no posters, box sets, etc. That means a lot of money. There aren't that many Banksy works out there - I think I'm right in saying there are thousands, rather than tens of thousands, and many not for sale - so they're never going to be dealing with eBay volumes. If I were buying a Banksy, I'd be much more comfortable buying from something run by Pest Control than I would buying on eBay or from here. I'd put them on a level with buying from a big auction house, i.e. I'd be totally confident they'd done their due diligence. There are around 30,000 prints and probably about 1000 or so originals by my estimate. Say 5% change hands a year with an average value of ยฃ20k for a print and ยฃ500k for an original. Thatโs about ยฃ55m a year in sales, say a conservative estimate of ยฃ30m. If all of those prints were sold through auction houses that would equate to around ยฃ7-12m in fees. If Bbay charge 20% and get half the market which they may well do they stand to bring in around ยฃ3m a year. That makes the Banksy market worth just over a Billion Pounds! Probably right if not higher. Curious how you came up with #s for the 30k prints ans 1k orginals? |
|
LJCal
Junior Member
๐จ๏ธ 2,980
๐๐ป 4,523
December 2019
|
Bbay, The approved used Banksy dealership, by LJCal on Mar 2, 2020 10:24:00 GMT 1, There are around 30,000 prints and probably about 1000 or so originals by my estimate. Say 5% change hands a year with an average value of ยฃ20k for a print and ยฃ500k for an original. Thatโs about ยฃ55m a year in sales, say a conservative estimate of ยฃ30m. If all of those prints were sold through auction houses that would equate to around ยฃ7-12m in fees. If Bbay charge 20% and get half the market which they may well do they stand to bring in around ยฃ3m a year. That makes the Banksy market worth just over a Billion Pounds! Probably right if not higher. Curious how you came up with #s for the 30k prints ans 1k orginals?
The are about 50 major editions of prints more or less some with multiple releases of the same image, average edition size of say 600. There are probably 100 different images which were either street pieces that made their way into the market or canvases, many of these were editions of say 25 so best guess itโs about 1000 pieces more or less. There are probably better informed people out there. Iโd be interested to hear their views as mine are just best guesses based on my limited knowledge.
There are around 30,000 prints and probably about 1000 or so originals by my estimate. Say 5% change hands a year with an average value of ยฃ20k for a print and ยฃ500k for an original. Thatโs about ยฃ55m a year in sales, say a conservative estimate of ยฃ30m. If all of those prints were sold through auction houses that would equate to around ยฃ7-12m in fees. If Bbay charge 20% and get half the market which they may well do they stand to bring in around ยฃ3m a year. That makes the Banksy market worth just over a Billion Pounds! Probably right if not higher. Curious how you came up with #s for the 30k prints ans 1k orginals? The are about 50 major editions of prints more or less some with multiple releases of the same image, average edition size of say 600. There are probably 100 different images which were either street pieces that made their way into the market or canvases, many of these were editions of say 25 so best guess itโs about 1000 pieces more or less. There are probably better informed people out there. Iโd be interested to hear their views as mine are just best guesses based on my limited knowledge. |
|
njr911
Junior Member
๐จ๏ธ 2,381
๐๐ป 420
April 2007
|
Bbay, The approved used Banksy dealership, by njr911 on Mar 2, 2020 10:37:13 GMT 1, GDP is presumably partly a test of their ability to do this. They're delivering all sorts of different items all over the world. They're using Flight Logistics, who I think are accepted as the best in the business for delivering art. Haven't heard of any issues so far. Stands to reason they'd continue to use them. When you say small fee, if they were taking 10% of each sale (a guess, but a similar fee to auction houses seems likely) that's going to be ยฃ2k+ per piece they handle. I doubt they'll be dealing in anything other than the works PC authenticates, i.e. no posters, box sets, etc. That means a lot of money. There aren't that many Banksy works out there - I think I'm right in saying there are thousands, rather than tens of thousands, and many not for sale - so they're never going to be dealing with eBay volumes. If I were buying a Banksy, I'd be much more comfortable buying from something run by Pest Control than I would buying on eBay or from here. I'd put them on a level with buying from a big auction house, i.e. I'd be totally confident they'd done their due diligence. there is a thread on here somewhere that discusses issues with FL. i have used them successfully many times but I also had one very bad experience when a crated print arrived covered in size 10 footprints. They are only as good as the courier they use and in this instance they used a now defunct UK courier more used to delivering amazon parcels as opposed to expensive art. My print was undamaged due to the bespoke crate that the seller provided, all FL had to do was ship it the length of the UK.
GDP is presumably partly a test of their ability to do this. They're delivering all sorts of different items all over the world. They're using Flight Logistics, who I think are accepted as the best in the business for delivering art. Haven't heard of any issues so far. Stands to reason they'd continue to use them. When you say small fee, if they were taking 10% of each sale (a guess, but a similar fee to auction houses seems likely) that's going to be ยฃ2k+ per piece they handle. I doubt they'll be dealing in anything other than the works PC authenticates, i.e. no posters, box sets, etc. That means a lot of money. There aren't that many Banksy works out there - I think I'm right in saying there are thousands, rather than tens of thousands, and many not for sale - so they're never going to be dealing with eBay volumes. If I were buying a Banksy, I'd be much more comfortable buying from something run by Pest Control than I would buying on eBay or from here. I'd put them on a level with buying from a big auction house, i.e. I'd be totally confident they'd done their due diligence. there is a thread on here somewhere that discusses issues with FL. i have used them successfully many times but I also had one very bad experience when a crated print arrived covered in size 10 footprints. They are only as good as the courier they use and in this instance they used a now defunct UK courier more used to delivering amazon parcels as opposed to expensive art. My print was undamaged due to the bespoke crate that the seller provided, all FL had to do was ship it the length of the UK. I also had a print damaged in transit, it was packed flat and very well but these things happen in shipping. It took a long while for it to be resolved but it was resolved eventually. Though I never received a refund that was offered, for the shipping. |
|
Lazarus II
Junior Member
๐จ๏ธ 1,804
๐๐ป 2,429
August 2019
|
Bbay, The approved used Banksy dealership, by Lazarus II on Mar 2, 2020 11:25:30 GMT 1, My framed print was fine but only due to the crate it was shipped in supplied by the seller. FLโs courier walked all over it despite all sorts of warning signs on the crate.
FL were most apologetic not that that would have mattered as I couldnt have replaced it if it had been damaged. I have used FL again successfully but i always ask which carrier they will be using.
My framed print was fine but only due to the crate it was shipped in supplied by the seller. FLโs courier walked all over it despite all sorts of warning signs on the crate.
FL were most apologetic not that that would have mattered as I couldnt have replaced it if it had been damaged. I have used FL again successfully but i always ask which carrier they will be using.
|
|
moron
Junior Member
๐จ๏ธ 2,711
๐๐ป 1,051
September 2017
|
Bbay, The approved used Banksy dealership, by moron on Mar 2, 2020 18:25:23 GMT 1, I heard that BBay will accept payment in Di Faced Tennners for stuff. Get those old photo copiers out of the attic.
I wonder if there are a few wealthy collectors who will try to snap up early Banksy prints using BBAY as a go between sellers and themselves. Trade in for less than market value and the collectors pay double and build up a nice portfolio, or something like that?
I heard that BBay will accept payment in Di Faced Tennners for stuff. Get those old photo copiers out of the attic.
I wonder if there are a few wealthy collectors who will try to snap up early Banksy prints using BBAY as a go between sellers and themselves. Trade in for less than market value and the collectors pay double and build up a nice portfolio, or something like that?
|
|
urbanny
New Member
๐จ๏ธ 233
๐๐ป 119
May 2019
|
Bbay, The approved used Banksy dealership, by urbanny on Mar 2, 2020 19:48:16 GMT 1, I heard that BBay will accept payment in Di Faced Tennners for stuff. Get those old photo copiers out of the attic. I wonder if there are a few wealthy collectors who will try to snap up early Banksy prints using BBAY as a go between sellers and themselves. Trade in for less than market value and the collectors pay double and build up a nice portfolio, or something like that?
I wonder if you have a life
I heard that BBay will accept payment in Di Faced Tennners for stuff. Get those old photo copiers out of the attic. I wonder if there are a few wealthy collectors who will try to snap up early Banksy prints using BBAY as a go between sellers and themselves. Trade in for less than market value and the collectors pay double and build up a nice portfolio, or something like that? I wonder if you have a life |
|
|
|
Bbay, The approved used Banksy dealership, by Always on Tour on Mar 3, 2020 0:51:08 GMT 1, Not sure if it has been mentioned but it sure seems like the best way for Pest Control to re issue COAโs as well. They can inspect and send COA alongside your BBAY purchase and keep track of buyers/sellers. They will also be able to pull out fakes. As far as Iโm concerned BBAY would become THE only place to buy, and giving them quite a powerful position within and for his collectors. Say his market drops, they will have the pole position to buy back and hold till it goes up.
Not sure if it has been mentioned but it sure seems like the best way for Pest Control to re issue COAโs as well. They can inspect and send COA alongside your BBAY purchase and keep track of buyers/sellers. They will also be able to pull out fakes. As far as Iโm concerned BBAY would become THE only place to buy, and giving them quite a powerful position within and for his collectors. Say his market drops, they will have the pole position to buy back and hold till it goes up.
|
|
|
|
LJCal
Junior Member
๐จ๏ธ 2,980
๐๐ป 4,523
December 2019
|
Bbay, The approved used Banksy dealership, by LJCal on Mar 3, 2020 15:58:05 GMT 1, So I have heard the following from a couple of pretty reliable sources.
BBaby will run timed auctions for each print, the buyers will consign with BBbay who will authenticate and provide condition reports etc and then manage the sale. They will only run one auction per print at a time, if they have a surplus of a certain print it will be first come first served and sellers will have to wait their turn. Clearly they are not wanting to flood the market with a certain print and deflate prices for sellers. Duration of auctions and if there will be a buy it now option have not been confirmed. It is believed that auctions will run throughout the year as and when items are consigned. They may do curated auctions from time to time.
Fees are not yet confirmed but based on the amount of work and investment being made into this we are of the view they will be around 20% of the entire transaction, how these will be paid is again uncertain. It could be buyers premium, sellers fees or combination.
They will be making a full statement in the next couple of months and the idea is that the site will be opperational soon after. I'm not sure I would bet my house on that given the delays to date with various projects but it's definately going to happen at some point this year and is not a hoax. Anyone else know more than this be interested to hear it.
So I have heard the following from a couple of pretty reliable sources.
BBaby will run timed auctions for each print, the buyers will consign with BBbay who will authenticate and provide condition reports etc and then manage the sale. They will only run one auction per print at a time, if they have a surplus of a certain print it will be first come first served and sellers will have to wait their turn. Clearly they are not wanting to flood the market with a certain print and deflate prices for sellers. Duration of auctions and if there will be a buy it now option have not been confirmed. It is believed that auctions will run throughout the year as and when items are consigned. They may do curated auctions from time to time.
Fees are not yet confirmed but based on the amount of work and investment being made into this we are of the view they will be around 20% of the entire transaction, how these will be paid is again uncertain. It could be buyers premium, sellers fees or combination.
They will be making a full statement in the next couple of months and the idea is that the site will be opperational soon after. I'm not sure I would bet my house on that given the delays to date with various projects but it's definately going to happen at some point this year and is not a hoax. Anyone else know more than this be interested to hear it.
|
|
|
|
Bbay, The approved used Banksy dealership, by The Italian One on Mar 3, 2020 16:09:56 GMT 1, "deflate prices for seller" and "auction" doesn't make much sense!
last signed print I bought was from POW a year ago, and it was not cheap.
"deflate prices for seller" and "auction" doesn't make much sense!
last signed print I bought was from POW a year ago, and it was not cheap.
|
|
Terry Fuckwitt
Junior Member
๐จ๏ธ 3,600
๐๐ป 6,562
October 2019
|
Bbay, The approved used Banksy dealership, by Terry Fuckwitt on Mar 3, 2020 16:12:14 GMT 1, So I have heard the following from a couple of pretty reliable sources. BBaby will run timed auctions for each print, the buyers will consign with BBbay who will authenticate and provide condition reports etc and then manage the sale. They will only run one auction per print at a time, if they have a surplus of a certain print it will be first come first served and sellers will have to wait their turn. Clearly they are now wanting to flood the market with a certain print and deflate prices for sellers. Duration of auctions and if there will be a buy it now option have not been confirmed. It is believed that auctions will run throughout the year as and when items are consigned. They may do curated auctions from time to time. Fees are not yet confirmed but based on the amount of work and investment being made into this we are of the view they will be around 20% of the entire transaction, how these will be paid is again uncertain. It could be buyers premium, sellers fees or combination. They will be making a full statement in the next couple of months and the idea is that the site will be opperational soon after. I'm not sure I would bet my house on that given the delays to date with various projects but it's definately going to happen at some point this year and is not a hoax. Anyone else know more than this be interested to hear it.
'Clearly they are now wanting to flood the market with a certain print and deflate prices for sellers.'
I take it 'now' is a typo and should be 'not'.
So I have heard the following from a couple of pretty reliable sources. BBaby will run timed auctions for each print, the buyers will consign with BBbay who will authenticate and provide condition reports etc and then manage the sale. They will only run one auction per print at a time, if they have a surplus of a certain print it will be first come first served and sellers will have to wait their turn. Clearly they are now wanting to flood the market with a certain print and deflate prices for sellers. Duration of auctions and if there will be a buy it now option have not been confirmed. It is believed that auctions will run throughout the year as and when items are consigned. They may do curated auctions from time to time. Fees are not yet confirmed but based on the amount of work and investment being made into this we are of the view they will be around 20% of the entire transaction, how these will be paid is again uncertain. It could be buyers premium, sellers fees or combination. They will be making a full statement in the next couple of months and the idea is that the site will be opperational soon after. I'm not sure I would bet my house on that given the delays to date with various projects but it's definately going to happen at some point this year and is not a hoax. Anyone else know more than this be interested to hear it. 'Clearly they are now wanting to flood the market with a certain print and deflate prices for sellers.' I take it 'now' is a typo and should be 'not'. |
|
Inknart
Junior Member
๐จ๏ธ 3,490
๐๐ป 3,288
April 2015
|
Bbay, The approved used Banksy dealership, by Inknart on Mar 3, 2020 16:14:09 GMT 1, So I have heard the following from a couple of pretty reliable sources. BBaby will run timed auctions for each print, the buyers will consign with BBbay who will authenticate and provide condition reports etc and then manage the sale. They will only run one auction per print at a time, if they have a surplus of a certain print it will be first come first served and sellers will have to wait their turn. Clearly they are now wanting to flood the market with a certain print and deflate prices for sellers. Duration of auctions and if there will be a buy it now option have not been confirmed. It is believed that auctions will run throughout the year as and when items are consigned. They may do curated auctions from time to time. Fees are not yet confirmed but based on the amount of work and investment being made into this we are of the view they will be around 20% of the entire transaction, how these will be paid is again uncertain. It could be buyers premium, sellers fees or combination. They will be making a full statement in the next couple of months and the idea is that the site will be opperational soon after. I'm not sure I would bet my house on that given the delays to date with various projects but it's definately going to happen at some point this year and is not a hoax. Anyone else know more than this be interested to hear it. 'Clearly they are now wanting to flood the market with a certain print and deflate prices for sellers.' I take it 'now' is a typo and should be 'not'.
So I have heard the following from a couple of pretty reliable sources. BBaby will run timed auctions for each print, the buyers will consign with BBbay who will authenticate and provide condition reports etc and then manage the sale. They will only run one auction per print at a time, if they have a surplus of a certain print it will be first come first served and sellers will have to wait their turn. Clearly they are now wanting to flood the market with a certain print and deflate prices for sellers. Duration of auctions and if there will be a buy it now option have not been confirmed. It is believed that auctions will run throughout the year as and when items are consigned. They may do curated auctions from time to time. Fees are not yet confirmed but based on the amount of work and investment being made into this we are of the view they will be around 20% of the entire transaction, how these will be paid is again uncertain. It could be buyers premium, sellers fees or combination. They will be making a full statement in the next couple of months and the idea is that the site will be opperational soon after. I'm not sure I would bet my house on that given the delays to date with various projects but it's definately going to happen at some point this year and is not a hoax. Anyone else know more than this be interested to hear it. 'Clearly they are now wanting to flood the market with a certain print and deflate prices for sellers.' I take it 'now' is a typo and should be 'not'. Flooding the market would not benefit that business model at all. I would expect auction times to probably be similar to larger houses and up to 30 days at a time. |
|
Terry Fuckwitt
Junior Member
๐จ๏ธ 3,600
๐๐ป 6,562
October 2019
|
Bbay, The approved used Banksy dealership, by Terry Fuckwitt on Mar 3, 2020 16:18:27 GMT 1, 'Clearly they are now wanting to flood the market with a certain print and deflate prices for sellers.' I take it 'now' is a typo and should be 'not'. Flooding the market would not benefit that business model at all. I would expect auction times to probably be similar to larger houses and up to 30 days at a time.ย
I know, I was quoting what I think was a typo.
'Clearly they are now wanting to flood the market with a certain print and deflate prices for sellers.' I take it 'now' is a typo and should be 'not'. Flooding the market would not benefit that business model at all. I would expect auction times to probably be similar to larger houses and up to 30 days at a time.ย I know, I was quoting what I think was a typo. |
|
LJCal
Junior Member
๐จ๏ธ 2,980
๐๐ป 4,523
December 2019
|
Bbay, The approved used Banksy dealership, by LJCal on Mar 3, 2020 16:23:08 GMT 1, So I have heard the following from a couple of pretty reliable sources. BBaby will run timed auctions for each print, the buyers will consign with BBbay who will authenticate and provide condition reports etc and then manage the sale. They will only run one auction per print at a time, if they have a surplus of a certain print it will be first come first served and sellers will have to wait their turn. Clearly they are now wanting to flood the market with a certain print and deflate prices for sellers. Duration of auctions and if there will be a buy it now option have not been confirmed. It is believed that auctions will run throughout the year as and when items are consigned. They may do curated auctions from time to time. Fees are not yet confirmed but based on the amount of work and investment being made into this we are of the view they will be around 20% of the entire transaction, how these will be paid is again uncertain. It could be buyers premium, sellers fees or combination. They will be making a full statement in the next couple of months and the idea is that the site will be opperational soon after. I'm not sure I would bet my house on that given the delays to date with various projects but it's definately going to happen at some point this year and is not a hoax. Anyone else know more than this be interested to hear it. 'Clearly they are now wanting to flood the market with a certain print and deflate prices for sellers.' I take it 'now' is a typo and should be 'not'.
So I have heard the following from a couple of pretty reliable sources. BBaby will run timed auctions for each print, the buyers will consign with BBbay who will authenticate and provide condition reports etc and then manage the sale. They will only run one auction per print at a time, if they have a surplus of a certain print it will be first come first served and sellers will have to wait their turn. Clearly they are now wanting to flood the market with a certain print and deflate prices for sellers. Duration of auctions and if there will be a buy it now option have not been confirmed. It is believed that auctions will run throughout the year as and when items are consigned. They may do curated auctions from time to time. Fees are not yet confirmed but based on the amount of work and investment being made into this we are of the view they will be around 20% of the entire transaction, how these will be paid is again uncertain. It could be buyers premium, sellers fees or combination. They will be making a full statement in the next couple of months and the idea is that the site will be opperational soon after. I'm not sure I would bet my house on that given the delays to date with various projects but it's definately going to happen at some point this year and is not a hoax. Anyone else know more than this be interested to hear it. 'Clearly they are now wanting to flood the market with a certain print and deflate prices for sellers.' I take it 'now' is a typo and should be 'not'. Yes sorry, that's a not |
|
gstwo
New Member
๐จ๏ธ 11
๐๐ป 17
March 2020
|
Bbay, The approved used Banksy dealership, by gstwo on Mar 6, 2020 22:07:59 GMT 1, There is an instagram account for Bbay!
There is an instagram account for Bbay! |
|
|
|
Bbay, The approved used Banksy dealership, by Daylight Robber on Mar 6, 2020 22:09:54 GMT 1, There is an instagram account for Bbay!
Which is in no way associated with Banksy.
There is an instagram account for Bbay! Which is in no way associated with Banksy. |
|
