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Christie's Art Auctions , by House of Arts on Sept 23, 2020 19:50:49 GMT 1, Ok so..lets say I own a few unsigned Banksy's and the current auction results makes me interested in selling them through an auction house. I have only sold a few low value things before, so I have no idea how I would go about this.
Is there any topic on here that anyone knows of that explains it like I'm 5 years old? Like..how is transport arranged, do you sell framed or unframed, does an auction house send someone to look at the prints before taking them in their inventory, how does it work regarding prices and payment, etc etc etc.
I can't imagine me just unframing a 73k print, sticking it in a tube and sending it to an auction house?
Ok so..lets say I own a few unsigned Banksy's and the current auction results makes me interested in selling them through an auction house. I have only sold a few low value things before, so I have no idea how I would go about this.
Is there any topic on here that anyone knows of that explains it like I'm 5 years old? Like..how is transport arranged, do you sell framed or unframed, does an auction house send someone to look at the prints before taking them in their inventory, how does it work regarding prices and payment, etc etc etc.
I can't imagine me just unframing a 73k print, sticking it in a tube and sending it to an auction house?
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avec art
Junior Member
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Christie's Art Auctions , by avec art on Sept 23, 2020 19:56:08 GMT 1, Well I think you're doing the right thing by un-framing, seems they like to do that themselves, and I think if you have it in a frame they rip that apart. But it probably depends on the auction house
Well I think you're doing the right thing by un-framing, seems they like to do that themselves, and I think if you have it in a frame they rip that apart. But it probably depends on the auction house
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tab1
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Christie's Art Auctions , by tab1 on Sept 23, 2020 19:58:58 GMT 1, Ok so..lets say I own a few unsigned Banksy's and the current auction results makes me interested in selling them through an auction house. I have only sold a few low value things before, so I have no idea how I would go about this. Is there any topic on here that anyone knows of that explains it like I'm 5 years old? Like..how is transport arranged, do you sell framed or unframed, does an auction house send someone to look at the prints before taking them in their inventory, how does it work regarding prices and payment, etc etc etc. I can't imagine me just unframing a 73k print, sticking it in a tube and sending it to an auction house?
If it is a home country would it not be worth the drive ?
Ok so..lets say I own a few unsigned Banksy's and the current auction results makes me interested in selling them through an auction house. I have only sold a few low value things before, so I have no idea how I would go about this. Is there any topic on here that anyone knows of that explains it like I'm 5 years old? Like..how is transport arranged, do you sell framed or unframed, does an auction house send someone to look at the prints before taking them in their inventory, how does it work regarding prices and payment, etc etc etc. I can't imagine me just unframing a 73k print, sticking it in a tube and sending it to an auction house? If it is a home country would it not be worth the drive ? |
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Christie's Art Auctions , by Charlie Bronson on Sept 23, 2020 22:13:46 GMT 1, Everyone who has a signed or u/s Banksy, just hold onto your prints. You own a piece of prime real estate, beachfront, park place, whatever you want to call it. Don’t sell.
Everyone who has a signed or u/s Banksy, just hold onto your prints. You own a piece of prime real estate, beachfront, park place, whatever you want to call it. Don’t sell.
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bob60
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Christie's Art Auctions , by bob60 on Sept 24, 2020 3:09:13 GMT 1, Everyone who has a signed or u/s Banksy, just hold onto your prints. You own a piece of prime real estate, beachfront, park place, whatever you want to call it. Don’t sell.
No you don't, if you owned a prime beach front real estate you could spend the rest of your life living in it and enjoying it every single day whilst it almost certainly would rise in value every year.
What is the point of having a few really expensive prints on the wall or stored under your bed if you live in a crappy flat or too small house in a not so desirable area that you don't like.
Don't spend the rest of your life waiting for them to go up and up in value, you may not be around to reap the benefits.
People plan, God laughs....
Everyone who has a signed or u/s Banksy, just hold onto your prints. You own a piece of prime real estate, beachfront, park place, whatever you want to call it. Don’t sell. No you don't, if you owned a prime beach front real estate you could spend the rest of your life living in it and enjoying it every single day whilst it almost certainly would rise in value every year. What is the point of having a few really expensive prints on the wall or stored under your bed if you live in a crappy flat or too small house in a not so desirable area that you don't like. Don't spend the rest of your life waiting for them to go up and up in value, you may not be around to reap the benefits. People plan, God laughs.... |
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Christie's Art Auctions , by Charlie Bronson on Sept 24, 2020 3:42:46 GMT 1, Everyone who has a signed or u/s Banksy, just hold onto your prints. You own a piece of prime real estate, beachfront, park place, whatever you want to call it. Don’t sell. No you don't, if you owned a prime beach front real estate you could spend the rest of your life living in it and enjoying it every single day whilst it almost certainly would rise in value every year. What is the point of having a few really expensive prints on the wall or stored under your bed if you live in a crappy flat or too small house in a not so desirable area that you don't like. Don't spend the rest of your life waiting for them to go up and up in value, you may not be around to reap the benefits. People plan, God laughs....
You’re entitled to your opinion. The property statement was a metaphor btw. I live on oceanfront property, on a popular stretch of beach. It’s gone up a bit, maybe 18% since I bought it in 2007; not the greatest return considering the amount of property tax, HOA etc paid annually. My logic is that these prints are going to increase in value year after year. Why sell an appreciating commodity; one that’s almost guaranteed to increase at a rate higher than your average real estate buy or stock pick? I don’t have a crystal ball, but if history is any indication of things to come, years from now, I’d put money on those who sell right now regretting it.
Everyone who has a signed or u/s Banksy, just hold onto your prints. You own a piece of prime real estate, beachfront, park place, whatever you want to call it. Don’t sell. No you don't, if you owned a prime beach front real estate you could spend the rest of your life living in it and enjoying it every single day whilst it almost certainly would rise in value every year. What is the point of having a few really expensive prints on the wall or stored under your bed if you live in a crappy flat or too small house in a not so desirable area that you don't like. Don't spend the rest of your life waiting for them to go up and up in value, you may not be around to reap the benefits. People plan, God laughs.... You’re entitled to your opinion. The property statement was a metaphor btw. I live on oceanfront property, on a popular stretch of beach. It’s gone up a bit, maybe 18% since I bought it in 2007; not the greatest return considering the amount of property tax, HOA etc paid annually. My logic is that these prints are going to increase in value year after year. Why sell an appreciating commodity; one that’s almost guaranteed to increase at a rate higher than your average real estate buy or stock pick? I don’t have a crystal ball, but if history is any indication of things to come, years from now, I’d put money on those who sell right now regretting it. |
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Christie's Art Auctions , by Charlie Bronson on Sept 24, 2020 4:00:09 GMT 1, You’re entitled to your opinion. The property statement was a metaphor btw. I live on oceanfront property, on a popular stretch of beach. It’s gone up a bit, maybe 18% since I bought it in 2007; not the greatest return considering the amount of property tax, HOA etc paid annually. My logic is that these prints are going to increase in value year after year. Why sell an appreciating commodity; one that’s almost guaranteed to increase at a rate higher than your average real estate buy or stock pick? I don’t have a crystal ball, but if history is any indication of things to come, years from now, I’d put money on those who sell right now regretting it. Oceanfront property won't be worth much in 50 years, and certain assets have a ceiling.
You may be right
You’re entitled to your opinion. The property statement was a metaphor btw. I live on oceanfront property, on a popular stretch of beach. It’s gone up a bit, maybe 18% since I bought it in 2007; not the greatest return considering the amount of property tax, HOA etc paid annually. My logic is that these prints are going to increase in value year after year. Why sell an appreciating commodity; one that’s almost guaranteed to increase at a rate higher than your average real estate buy or stock pick? I don’t have a crystal ball, but if history is any indication of things to come, years from now, I’d put money on those who sell right now regretting it. Oceanfront property won't be worth much in 50 years, and certain assets have a ceiling. You may be right |
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lv90210
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Christie's Art Auctions , by lv90210 on Sept 24, 2020 7:23:15 GMT 1, Everyone who has a signed or u/s Banksy, just hold onto your prints. You own a piece of prime real estate, beachfront, park place, whatever you want to call it. Don’t sell.
The clever money just takes advantage of this scenario.
Everyone who has a signed or u/s Banksy, just hold onto your prints. You own a piece of prime real estate, beachfront, park place, whatever you want to call it. Don’t sell. 100% agreed, you've got to love all these panic sellers though. The clever money just takes advantage of this scenario. |
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bob60
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Christie's Art Auctions , by bob60 on Sept 24, 2020 8:04:47 GMT 1, Everyone who has a signed or u/s Banksy, just hold onto your prints. You own a piece of prime real estate, beachfront, park place, whatever you want to call it. Don’t sell. 100% agreed, you've got to love all these panic sellers though. The clever money just takes advantage of this scenario.
There are half a dozen people on here trying to sell their prints, I would hardly call that panic selling.
Everyone as at different stages in their lives. If you are 30 and married with children and living in rented accommodation, selling your prints could maybe buy a family home. If you are single and 60 years old with a few Banksy prints, what is the point of keeping them.
There are no pockets in a shroud..
Everyone who has a signed or u/s Banksy, just hold onto your prints. You own a piece of prime real estate, beachfront, park place, whatever you want to call it. Don’t sell. 100% agreed, you've got to love all these panic sellers though. The clever money just takes advantage of this scenario. There are half a dozen people on here trying to sell their prints, I would hardly call that panic selling. Everyone as at different stages in their lives. If you are 30 and married with children and living in rented accommodation, selling your prints could maybe buy a family home. If you are single and 60 years old with a few Banksy prints, what is the point of keeping them. There are no pockets in a shroud.. |
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Christie's Art Auctions , by The Italian One on Sept 24, 2020 8:07:21 GMT 1, may be you guys forgot the actual owners of a 100k print (mid lower class) might not own their house where they live.
may be they have children to feed; and let's be honest.. with a worldwide pandemia, and uncertain economy with BBAY due to come; who really want to risk a 100K check?
one thing is sure with this prices there will be a lot of banksy's print for sale, we will see if the market will hold.
may be you guys forgot the actual owners of a 100k print (mid lower class) might not own their house where they live.
may be they have children to feed; and let's be honest.. with a worldwide pandemia, and uncertain economy with BBAY due to come; who really want to risk a 100K check?
one thing is sure with this prices there will be a lot of banksy's print for sale, we will see if the market will hold.
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Christie's Art Auctions , by shaunyboy on Sept 24, 2020 9:06:07 GMT 1, Are there any direct comparisons between this auction and the Sotheby's one the other day?
Are there any direct comparisons between this auction and the Sotheby's one the other day?
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kfroms
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Christie's Art Auctions , by kfroms on Sept 24, 2020 9:38:05 GMT 1, Are there any direct comparisons between this auction and the Sotheby's one the other day?
Are there any direct comparisons between this auction and the Sotheby's one the other day? Have a look! |
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Christie's Art Auctions , by shaunyboy on Sept 24, 2020 9:39:36 GMT 1, Are there any direct comparisons between this auction and the Sotheby's one the other day? Have a look!
Are there any direct comparisons between this auction and the Sotheby's one the other day? Have a look! Cheeky. |
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Christie's Art Auctions , by Happy Shopper on Sept 24, 2020 9:41:33 GMT 1, What was the condition of Bomb Love?
Just wondering why it sold for slightly less than some of the other signed prints!?
Considering an unsigned sold for not much less recently (relatively speaking!!)
What was the condition of Bomb Love?
Just wondering why it sold for slightly less than some of the other signed prints!?
Considering an unsigned sold for not much less recently (relatively speaking!!)
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apprint
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Christie's Art Auctions , by apprint on Sept 24, 2020 9:54:49 GMT 1, What was the condition of Bomb Love? Just wondering why it sold for slightly less than some of the other signed prints!? Considering an unsigned sold for not much less recently (relatively speaking!!)
What was the condition of Bomb Love? Just wondering why it sold for slightly less than some of the other signed prints!? Considering an unsigned sold for not much less recently (relatively speaking!!) this one was the bargain of the auction, unsigned selling for £50k+ |
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Rubberneck
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Christie's Art Auctions , by Rubberneck on Sept 24, 2020 9:59:03 GMT 1, What was the condition of Bomb Love? Just wondering why it sold for slightly less than some of the other signed prints!? Considering an unsigned sold for not much less recently (relatively speaking!!) this one was the bargain of the auction, unsigned selling for £50k+
What was the condition of Bomb Love? Just wondering why it sold for slightly less than some of the other signed prints!? Considering an unsigned sold for not much less recently (relatively speaking!!) this one was the bargain of the auction, unsigned selling for £50k+ For a pow print.. I can’t work out why the modern multiples and pax britannica print were relatively low. Always seem to be ..a weird anomaly |
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kaos
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Christie's Art Auctions , by kaos on Sept 24, 2020 10:19:25 GMT 1, The two houses had a very different approach to lot examination. Southey's were happy to remove the prints from their frames on request whereas Christie's would not even take them down from the wall and all inquiries on condition were directed to their website.
The two houses had a very different approach to lot examination. Southey's were happy to remove the prints from their frames on request whereas Christie's would not even take them down from the wall and all inquiries on condition were directed to their website.
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Christie's Art Auctions , by Neate Michael on Sept 24, 2020 10:21:31 GMT 1, When is the next auction of Banksy prints?
You can all scoff but I am being offered what I would consider a ridiculous sum of money for my 3 prints but if the prices keep rocketing maybe I hang on to them...
When is the next auction of Banksy prints?
You can all scoff but I am being offered what I would consider a ridiculous sum of money for my 3 prints but if the prices keep rocketing maybe I hang on to them...
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Lazarus II
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Christie's Art Auctions , by Lazarus II on Sept 24, 2020 10:27:02 GMT 1, Everyone who has a signed or u/s Banksy, just hold onto your prints. You own a piece of prime real estate, beachfront, park place, whatever you want to call it. Don’t sell. 100% agreed, you've got to love all these panic sellers though. The clever money just takes advantage of this scenario.
Panic sellers who have had prints for the last 10-15 years and now that prices have gone crazy over a global pandemic have decided they’d rather have £50k in their hipper than the nice print they’ve had for years, yip, that screams of panic to me. Chances are prices will continue to rise and they could sell for more if they hold on but its hardly panic if you sell a £1k print for £50k.
There is far more sense of panic from posters who are hell bent on talking up prices and assuring all that they will only ever go up....
Everyone who has a signed or u/s Banksy, just hold onto your prints. You own a piece of prime real estate, beachfront, park place, whatever you want to call it. Don’t sell. 100% agreed, you've got to love all these panic sellers though. The clever money just takes advantage of this scenario. Panic sellers who have had prints for the last 10-15 years and now that prices have gone crazy over a global pandemic have decided they’d rather have £50k in their hipper than the nice print they’ve had for years, yip, that screams of panic to me. Chances are prices will continue to rise and they could sell for more if they hold on but its hardly panic if you sell a £1k print for £50k. There is far more sense of panic from posters who are hell bent on talking up prices and assuring all that they will only ever go up.... |
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Christie's Art Auctions , by The Italian One on Sept 24, 2020 10:40:47 GMT 1, Asia and midle est are fighting to get a banksy...
Asia and midle est are fighting to get a banksy...
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iamzero
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Christie's Art Auctions , by iamzero on Sept 24, 2020 10:41:50 GMT 1, Is that where you believe all the interest to be from and the reason for the price rise?
Is that where you believe all the interest to be from and the reason for the price rise?
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Christie's Art Auctions , by Jonny Wednesday on Sept 24, 2020 11:08:19 GMT 1, Asia and midle est are fighting to get a banksy... 
Asia and midle est are fighting to get a banksy... ISIS diversifying |
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cest
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Christie's Art Auctions , by cest on Sept 24, 2020 11:16:53 GMT 1, 100% agreed, you've got to love all these panic sellers though. The clever money just takes advantage of this scenario. Panic sellers who have had prints for the last 10-15 years and now that prices have gone crazy over a global pandemic have decided they’d rather have £50k in their hipper than the nice print they’ve had for years, yip, that screams of panic to me. Chances are prices will continue to rise and they could sell for more if they hold on but its hardly panic if you sell a £1k print for £50k. There is far more sense of panic from posters who are hell bent on talking up prices and assuring all that they will only ever go up....
I'm a new banksy buyer (past year) but I'd imagine if you bought and could afford to hold, then you may be financially stable and may not need the money.
I asked my wife if we should sell- she said we don't need the money, I retort that you never want to sell when you need the cash. Mistakes are made then
100% agreed, you've got to love all these panic sellers though. The clever money just takes advantage of this scenario. Panic sellers who have had prints for the last 10-15 years and now that prices have gone crazy over a global pandemic have decided they’d rather have £50k in their hipper than the nice print they’ve had for years, yip, that screams of panic to me. Chances are prices will continue to rise and they could sell for more if they hold on but its hardly panic if you sell a £1k print for £50k. There is far more sense of panic from posters who are hell bent on talking up prices and assuring all that they will only ever go up.... I'm a new banksy buyer (past year) but I'd imagine if you bought and could afford to hold, then you may be financially stable and may not need the money. I asked my wife if we should sell- she said we don't need the money, I retort that you never want to sell when you need the cash. Mistakes are made then |
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GMA
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Christie's Art Auctions , by GMA on Sept 24, 2020 11:35:22 GMT 1, I'm curious to see what happens when/if BBay opens! Open the doors guy!
I'm curious to see what happens when/if BBay opens! Open the doors guy!
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Christie's Art Auctions , by JAlternatión on Sept 24, 2020 12:18:33 GMT 1, If you're looking to sell it's probably for one of 2 reasons (or both): You're an investor and think your investment has peaked, or the amount of money you can realise for your print will change your life.
I was in the second boat 5 years ago and sold my 2 Banksy's (Love Rat and Barcode) for a combined 15K.... this allowed me to put a deposit on a house and change my life for the better. From an investment point of view, i clearly got it wrong as i would make at least 100k more now, BUT i bought a house that my wife and i love and it has changed our lives.
There's a number of people investing in Banksy's now for a number of reasons - volatility in politics/world health being reflected in stock markets, zero interest rates on savings and the steady increase in prices that have been going on for years. The last few months have been an insane blip - will it stay there? Maybe, maybe not.
I think 3 huge events will affect investments in general, that may apply to the art market - covid uncertainty, the US election and Brexit mean that right now, tangible objects may be better to invest in than shares, savings, currency etc... it will be interesting to see in June next year where things have settled to
If you're looking to sell it's probably for one of 2 reasons (or both): You're an investor and think your investment has peaked, or the amount of money you can realise for your print will change your life.
I was in the second boat 5 years ago and sold my 2 Banksy's (Love Rat and Barcode) for a combined 15K.... this allowed me to put a deposit on a house and change my life for the better. From an investment point of view, i clearly got it wrong as i would make at least 100k more now, BUT i bought a house that my wife and i love and it has changed our lives.
There's a number of people investing in Banksy's now for a number of reasons - volatility in politics/world health being reflected in stock markets, zero interest rates on savings and the steady increase in prices that have been going on for years. The last few months have been an insane blip - will it stay there? Maybe, maybe not.
I think 3 huge events will affect investments in general, that may apply to the art market - covid uncertainty, the US election and Brexit mean that right now, tangible objects may be better to invest in than shares, savings, currency etc... it will be interesting to see in June next year where things have settled to
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GMA
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Christie's Art Auctions , by GMA on Sept 24, 2020 13:58:17 GMT 1, I'm curious to see what happens when/if BBay opens! Open the doors guy! Different market - the big auction houses will no doubt have a set of clients.
That's fine by me, the big shots can stick with the auction houses. Here's hoping BBay is for us small fries!
I'm curious to see what happens when/if BBay opens! Open the doors guy! Different market - the big auction houses will no doubt have a set of clients. That's fine by me, the big shots can stick with the auction houses. Here's hoping BBay is for us small fries! |
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Christie's Art Auctions , by JAlternatión on Feb 27, 2021 15:58:00 GMT 1, I know Aboudia comes up on here from time to time, so thought this may interest people.... large auction at Christies of his latest work. His London show sold out in a couple of days at Jack Bell this week. Be interesting to see how this goes.
Disclaimer - I am a fan and owner of his work
onlineonly.christies.com/s/aboudia-noutchy-new-york-city/lots/2003
I know Aboudia comes up on here from time to time, so thought this may interest people.... large auction at Christies of his latest work. His London show sold out in a couple of days at Jack Bell this week. Be interesting to see how this goes. Disclaimer - I am a fan and owner of his work onlineonly.christies.com/s/aboudia-noutchy-new-york-city/lots/2003 |
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Winter
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Christie's Art Auctions , by Winter on Feb 27, 2021 16:27:16 GMT 1, Also watching this, he’s definitely moving in the right direction
Also watching this, he’s definitely moving in the right direction
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Christie's Art Auctions , by JAlternatión on Feb 27, 2021 19:11:22 GMT 1, There's some great pieces at very tempting prices right now, but bidding seems to be mainly on the larger pieces. Those portraits will rise once the bigger ones go up too much i think
There's some great pieces at very tempting prices right now, but bidding seems to be mainly on the larger pieces. Those portraits will rise once the bigger ones go up too much i think
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LJCal
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Christie's Art Auctions , by LJCal on Feb 28, 2021 16:50:30 GMT 1, I paid $5,000 primary for a 50cm x 40cm canvas recently and sold a 70 x 50 work on paper for £8,500 at auction just to give some ideas on values of small pieces. I personally think this auction is not a good idea for him unless someone is underwriting it.
I paid $5,000 primary for a 50cm x 40cm canvas recently and sold a 70 x 50 work on paper for £8,500 at auction just to give some ideas on values of small pieces. I personally think this auction is not a good idea for him unless someone is underwriting it.
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