Icesay
Junior Member
๐จ๏ธ 2,427
๐๐ป 1,796
March 2010
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Corona Virus effect on the art market?, by Icesay on Feb 26, 2020 14:31:33 GMT 1, Recession has been brewing for a while and is statistically overdue....
Recession has been brewing for a while and is statistically overdue....
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Winter
Junior Member
๐จ๏ธ 7,155
๐๐ป 4,460
March 2007
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Corona Virus effect on the art market?, by Winter on Feb 26, 2020 14:33:25 GMT 1, Iโm sure half this forum are already flipping face masks
Iโm sure half this forum are already flipping face masks
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Corona Virus effect on the art market?, by Daniel Silk on Feb 26, 2020 14:48:00 GMT 1, I dunno, in the early days on here many people talked how they were turning away from putting their savings in the Bank and preferred to invest in art as a safer place during recession. So could the effect actually turn into more people being worried about the stock markets and switch to buying Art at least until business picks up again?
I dunno, in the early days on here many people talked how they were turning away from putting their savings in the Bank and preferred to invest in art as a safer place during recession. So could the effect actually turn into more people being worried about the stock markets and switch to buying Art at least until business picks up again?
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pfffffffffft
Junior Member
๐จ๏ธ 1,472
๐๐ป 1,017
July 2008
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Corona Virus effect on the art market?, by pfffffffffft on Feb 26, 2020 14:55:54 GMT 1, Already we're seeing the early effects of the spreading of the coronavirus on the stock market. What do people think it's effect will be on the art market? This virus could potentially shut down the world economy, which surely put us into a global recession.
I don't think this is coronavirus related but it's feeling a little bit to me like just before the Urban Art market went sideways back in 2008 if some of the old timers remember that. Too many artists. Too many new-ish artists with overpriced prints ($5K/$10K plus). Too many artists with auction records that seem inflated.
There were quite a few artists that never really recovered from that crash.
Already we're seeing the early effects of the spreading of the coronavirus on the stock market. What do people think it's effect will be on the art market? This virus could potentially shut down the world economy, which surely put us into a global recession. I don't think this is coronavirus related but it's feeling a little bit to me like just before the Urban Art market went sideways back in 2008 if some of the old timers remember that. Too many artists. Too many new-ish artists with overpriced prints ($5K/$10K plus). Too many artists with auction records that seem inflated. There were quite a few artists that never really recovered from that crash. |
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cest
Junior Member
๐จ๏ธ 1,725
๐๐ป 1,160
September 2018
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Corona Virus effect on the art market?, by cest on Feb 26, 2020 15:31:51 GMT 1, Heard banksys are selling half off to recoup speculation stock purchases... These prints are a falling knife!
Sell sell SELL!!!
Heard banksys are selling half off to recoup speculation stock purchases... These prints are a falling knife!
Sell sell SELL!!!
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tab1
Full Member
๐จ๏ธ 8,519
๐๐ป 3,679
September 2011
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Corona Virus effect on the art market?, by tab1 on Feb 26, 2020 16:54:04 GMT 1, Whatsons market already taken a knock
Whatsons market already taken a knock
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Deleted
๐จ๏ธ 0
๐๐ป
January 1970
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Corona Virus effect on the art market?, by Deleted on Feb 26, 2020 17:04:12 GMT 1, Buy the dips. I'll take your Signed Banksy for ยฃ5k
Buy the dips. I'll take your Signed Banksy for ยฃ5k
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Javier
Junior Member
๐จ๏ธ 1,179
๐๐ป 1,842
November 2019
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Corona Virus effect on the art market?, by Javier on Feb 26, 2020 17:46:51 GMT 1, Buy the dips. I'll take your Signed Banksy for ยฃ5k
And then please resell me at 7k
Buy the dips. I'll take your Signed Banksy for ยฃ5k And then please resell me at 7k |
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Corona Virus effect on the art market?, by Feels Good Man 84 on Feb 26, 2020 18:34:05 GMT 1, Whatsons market already taken a knock
Really everything I've seen has been selling strong besides the newest release to many in the main ed and hf version if you want to call it that barely has any
But the older works I've seen being going pretty high, hf tiger just sold for 4600 on ebay
Whatsons market already taken a knock Really everything I've seen has been selling strong besides the newest release to many in the main ed and hf version if you want to call it that barely has any But the older works I've seen being going pretty high, hf tiger just sold for 4600 on ebay |
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mark1
New Member
๐จ๏ธ 420
๐๐ป 567
July 2018
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Corona Virus effect on the art market?, by mark1 on Feb 26, 2020 18:43:54 GMT 1, Whatsons market already taken a knock Really everything I've seen has been selling strong besides the newest release to many in the main ed and hf version if you want to call it that barely has any But the older works I've seen being going pretty high, hf tiger just sold for 4600 on ebay
Just checked and it sold for 3300 which is still a solid price for a print and got to love the Whatson spacers with his work ๐
Whatsons market already taken a knock Really everything I've seen has been selling strong besides the newest release to many in the main ed and hf version if you want to call it that barely has any But the older works I've seen being going pretty high, hf tiger just sold for 4600 on ebay Just checked and it sold for 3300 which is still a solid price for a print and got to love the Whatson spacers with his work ๐ |
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Corona Virus effect on the art market?, by Feels Good Man 84 on Feb 26, 2020 18:47:56 GMT 1, Woops should have said have usd I know he had to pay a nice penny to get sent to the US
Woops should have said have usd I know he had to pay a nice penny to get sent to the US
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Corona Virus effect on the art market?, by zacksz 123123 on Feb 26, 2020 19:42:23 GMT 1, Really everything I've seen has been selling strong besides the newest release to many in the main ed and hf version if you want to call it that barely has any But the older works I've seen being going pretty high, hf tiger just sold for 4600 on ebay Just checked and it sold for 3300 which is still a solid price for a print and got to love the Whatson spacers with his work ๐
It was 4600 framed. User mentioned it in FB whatson group.
Other user just purchased a HF tiger I framed at 4k.
Really everything I've seen has been selling strong besides the newest release to many in the main ed and hf version if you want to call it that barely has any But the older works I've seen being going pretty high, hf tiger just sold for 4600 on ebay Just checked and it sold for 3300 which is still a solid price for a print and got to love the Whatson spacers with his work ๐ It was 4600 framed. User mentioned it in FB whatson group. Other user just purchased a HF tiger I framed at 4k. |
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tab1
Full Member
๐จ๏ธ 8,519
๐๐ป 3,679
September 2011
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Corona Virus effect on the art market?, by tab1 on Feb 26, 2020 19:47:25 GMT 1, Whatsons market already taken a knock I'd say quite the opposite
Tounge and cheek
He had to cancel his Hong Kong show
Too serious you lot , gathering data sales already!
Whatsons market already taken a knock I'd say quite the opposite Tounge and cheek He had to cancel his Hong Kong show Too serious you lot , gathering data sales already! |
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tab1
Full Member
๐จ๏ธ 8,519
๐๐ป 3,679
September 2011
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Corona Virus effect on the art market?, by tab1 on Feb 26, 2020 19:50:22 GMT 1, Whatsons market already taken a knock Really everything I've seen has been selling strong besides the newest release to many in the main ed and hf version if you want to call it that barely has any But the older works I've seen being going pretty high, hf tiger just sold for 4600 on ebay
Older works smaller editions than latest releases and they've found their way into collectors hands by now so flipped less often , less on the market and when do hit make a greater price
Whatsons market already taken a knock Really everything I've seen has been selling strong besides the newest release to many in the main ed and hf version if you want to call it that barely has any But the older works I've seen being going pretty high, hf tiger just sold for 4600 on ebay Older works smaller editions than latest releases and they've found their way into collectors hands by now so flipped less often , less on the market and when do hit make a greater price |
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nobokov
Junior Member
๐จ๏ธ 4,948
๐๐ป 6,901
February 2016
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Corona Virus effect on the art market?, by nobokov on Feb 26, 2020 21:55:52 GMT 1, I think it'll just remind everyone how unessential art is.
I think it'll just remind everyone how unessential art is.
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chevyav53
Junior Member
๐จ๏ธ 1,356
๐๐ป 1,134
August 2017
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Corona Virus effect on the art market?, by chevyav53 on Feb 26, 2020 22:26:33 GMT 1, I think it'll just remind everyone how unessential art is.
^^ This, as discretionary income dissipates with the stock market so will the sky high valuations. If it gets really bad for some i.e. some businesses don't survive, owners or those in high positions will find themselves searching for work and as we saw after the .com and credit market crashes so will art valuations.
Art has tracked the S&P 500 fairly closely since the 2000's began.
I think it'll just remind everyone how unessential art is. ^^ This, as discretionary income dissipates with the stock market so will the sky high valuations. If it gets really bad for some i.e. some businesses don't survive, owners or those in high positions will find themselves searching for work and as we saw after the .com and credit market crashes so will art valuations. Art has tracked the S&P 500 fairly closely since the 2000's began. |
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kuni
Junior Member
๐จ๏ธ 1,153
๐๐ป 1,818
February 2018
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Corona Virus effect on the art market?, by kuni on Feb 27, 2020 3:53:00 GMT 1, Matt Hancock stating โthe UK government is well-prepared to deal with coronavirusโ is the surest sign yet that weโre all going to die.
donโt worry! Thereโs a good chance youโre not going to die!
Matt Hancock stating โthe UK government is well-prepared to deal with coronavirusโ is the surest sign yet that weโre all going to die. donโt worry! Thereโs a good chance youโre not going to die! |
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orchid
Junior Member
๐จ๏ธ 1,464
๐๐ป 1,150
May 2018
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Corona Virus effect on the art market?, by orchid on Feb 27, 2020 12:27:00 GMT 1, I think it'll just remind everyone how unessential art is. ^^ This, as discretionary income dissipates with the stock market so will the sky high valuations.ย If it gets really bad for some i.e. some businesses don't survive, owners or those in high positions will find themselves searching for work and as we saw after the .com and credit market crashes so will art valuations. Art has tracked the S&P 500 fairly closely since the 2000's began.ย
There was a report not long ago which found only a 0.13 mark correlation between s&p and art market. The virus will not be as big as people imagine and the market is still robust enough to withstand. People will be buying up any dips because its still one of the best performing investments.
I think it'll just remind everyone how unessential art is. ^^ This, as discretionary income dissipates with the stock market so will the sky high valuations.ย If it gets really bad for some i.e. some businesses don't survive, owners or those in high positions will find themselves searching for work and as we saw after the .com and credit market crashes so will art valuations. Art has tracked the S&P 500 fairly closely since the 2000's began.ย There was a report not long ago which found only a 0.13 mark correlation between s&p and art market. The virus will not be as big as people imagine and the market is still robust enough to withstand. People will be buying up any dips because its still one of the best performing investments. |
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cest
Junior Member
๐จ๏ธ 1,725
๐๐ป 1,160
September 2018
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Corona Virus effect on the art market?, by cest on Feb 27, 2020 12:41:48 GMT 1, I personally have stopped buying .. all extra cash will go towards dry powder to buy equities and other rock bottom opportunities (what those are, i am not sure yet).
I flipped houses during the recession, bought silver , gold and diamonds during that same time.
I like panic
I personally have stopped buying .. all extra cash will go towards dry powder to buy equities and other rock bottom opportunities (what those are, i am not sure yet).
I flipped houses during the recession, bought silver , gold and diamonds during that same time.
I like panic
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nex
Junior Member
๐จ๏ธ 2,573
๐๐ป 1,819
February 2009
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Corona Virus effect on the art market?, by nex on Feb 27, 2020 13:00:20 GMT 1, Parasite
Parasite
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orchid
Junior Member
๐จ๏ธ 1,464
๐๐ป 1,150
May 2018
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Corona Virus effect on the art market?, by orchid on Feb 27, 2020 14:56:47 GMT 1, I personally have stopped buying .. all extra cash will go towards dry powder to buy equities and other rock bottom opportunities (what those are, i am not sure yet). I flipped houses during the recession, bought silver , gold and diamonds during that same time. I like panic
I personally have stopped buying .. all extra cash will go towards dry powder to buy equities and other rock bottom opportunities (what those are, i am not sure yet). I flipped houses during the recession, bought silver , gold and diamonds during that same time. I like panic |
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Corona Virus effect on the art market?, by The Italian One on Feb 27, 2020 15:14:04 GMT 1, I personally have stopped buying .. all extra cash will go towards dry powder to buy equities and other rock bottom opportunities (what those are, i am not sure yet). I flipped houses during the recession, bought silver , gold and diamonds during that same time. I like panic
you can't go anywhere with this attitude
btw very old video and he was wrong in a lot of things.
as soon as the market will understand that this "corona virus" is just a kind of flue, the mArket will start to rise again.
off course it is the right time to buy stocks now
I personally have stopped buying .. all extra cash will go towards dry powder to buy equities and other rock bottom opportunities (what those are, i am not sure yet). I flipped houses during the recession, bought silver , gold and diamonds during that same time. I like panic what a stupid humanbeing.. you can't go anywhere with this attitude btw very old video and he was wrong in a lot of things. as soon as the market will understand that this "corona virus" is just a kind of flue, the mArket will start to rise again. off course it is the right time to buy stocks now |
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Corona Virus effect on the art market?, by The Italian One on Feb 27, 2020 15:15:31 GMT 1, buy when nobody is buying
sell when everybody is holding
buy when nobody is buying
sell when everybody is holding
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Winter
Junior Member
๐จ๏ธ 7,155
๐๐ป 4,460
March 2007
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Corona Virus effect on the art market?, by Winter on Feb 28, 2020 1:16:21 GMT 1, When will the panic selling begin?
When will the panic selling begin?
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Cardiff
Junior Member
๐จ๏ธ 1,740
๐๐ป 1,504
January 2009
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Corona Virus effect on the art market?, by Cardiff on Feb 28, 2020 1:25:05 GMT 1, Is Watson's market a leading indicator for gold as well? 
Is Watson's market a leading indicator for gold as well? |
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Express Post
Junior Member
๐จ๏ธ 3,330
๐๐ป 2,479
January 2008
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Corona Virus effect on the art market?, by Express Post on Feb 28, 2020 2:24:31 GMT 1, It hasn't affected any sales in the last 72 hrs. Javier Calleja sold out at urvanity, arco selling out at a few booths, Baldur and Sandra sold out in seconds, Case Studyo has another case closed, Madsaki selling out his off set prints, same with Mr and Murakami, Banksy mats all allocated and paid for.
It hasn't affected any sales in the last 72 hrs. Javier Calleja sold out at urvanity, arco selling out at a few booths, Baldur and Sandra sold out in seconds, Case Studyo has another case closed, Madsaki selling out his off set prints, same with Mr and Murakami, Banksy mats all allocated and paid for.
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nobokov
Junior Member
๐จ๏ธ 4,948
๐๐ป 6,901
February 2016
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Corona Virus effect on the art market?, by nobokov on Feb 28, 2020 3:37:15 GMT 1, Smart to have all these releases before the new reality sinks in.
Smart to have all these releases before the new reality sinks in.
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chevyav53
Junior Member
๐จ๏ธ 1,356
๐๐ป 1,134
August 2017
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Corona Virus effect on the art market?, by chevyav53 on Feb 28, 2020 4:58:01 GMT 1, I personally have stopped buying .. all extra cash will go towards dry powder to buy equities and other rock bottom opportunities (what those are, i am not sure yet). I flipped houses during the recession, bought silver , gold and diamonds during that same time. I like panic
I personally have stopped buying .. all extra cash will go towards dry powder to buy equities and other rock bottom opportunities (what those are, i am not sure yet). I flipped houses during the recession, bought silver , gold and diamonds during that same time. I like panic A classic, sold out of a lot of positions last week, luckier than I thought, and ready to buy more in the upcoming months... these are times investors and traders love |
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tab1
Full Member
๐จ๏ธ 8,519
๐๐ป 3,679
September 2011
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Corona Virus effect on the art market?, by tab1 on Feb 28, 2020 5:29:29 GMT 1, This virus is spreading to many other countries faster than all new viruses before
I'm sure all government figures are not up to date as many that are infected many leave hospital invertion to the last minute .especially the old or the people that live in remote areas .
Lucky the virus is not as virulent as Ebola .
The longer without a vaccine the more the virus mutates .
Worse side effects?
Every few years seems a new unheard of virus does the rounds
The other scary thing , the long term effects for recovery is unknown .
Thinking about it all airports and workers would be a hot spot for tranfer contamination of the virus especially as many do not know they have it .
impossible task to disinfect all airports constantly .
Surprised more countries have not put travel bans instead waiting until its a major incident occurs ?!
Might see a rise again in demand form all physical stocks , gold creeping up to an all time high again .
Extra cash , bAnksy auctions might do well if this continues .
This virus is spreading to many other countries faster than all new viruses before
I'm sure all government figures are not up to date as many that are infected many leave hospital invertion to the last minute .especially the old or the people that live in remote areas .
Lucky the virus is not as virulent as Ebola .
The longer without a vaccine the more the virus mutates .
Worse side effects?
Every few years seems a new unheard of virus does the rounds
The other scary thing , the long term effects for recovery is unknown .
Thinking about it all airports and workers would be a hot spot for tranfer contamination of the virus especially as many do not know they have it .
impossible task to disinfect all airports constantly .
Surprised more countries have not put travel bans instead waiting until its a major incident occurs ?!
Might see a rise again in demand form all physical stocks , gold creeping up to an all time high again .
Extra cash , bAnksy auctions might do well if this continues .
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19818914
Junior Member
๐จ๏ธ 1,337
๐๐ป 1,029
October 2018
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Corona Virus effect on the art market?, by 19818914 on Feb 28, 2020 8:38:29 GMT 1, Just remember. The same people who give investment advice here are the ones who flip posters and postcards for extra cash.
Just remember. The same people who give investment advice here are the ones who flip posters and postcards for extra cash.
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