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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by My Name is Frank on Apr 26, 2022 15:16:44 GMT 1, Couple of folks really want that hand finished donuts
Couple of folks really want that hand finished donuts
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Young Art Collector on Apr 26, 2022 15:23:55 GMT 1, Very heavy bidding fight on the Napalmโฆ
Very heavy bidding fight on the Napalmโฆ
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by My Name is Frank on Apr 26, 2022 15:37:01 GMT 1, Fighting as predicted for the radar
Fighting as predicted for the radar
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bob60
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by bob60 on Apr 26, 2022 16:28:41 GMT 1, Is tax etc added to those prices?
Is tax etc added to those prices?
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nameless
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by nameless on Apr 26, 2022 16:28:42 GMT 1, Very happy with those prices. Good collection of prints and obviously well represented. Probably best to go with Sothebyโs or Christieโs then for Banksy prints?
The result of the thrower is really badโฆ
Very happy with those prices. Good collection of prints and obviously well represented. Probably best to go with Sothebyโs or Christieโs then for Banksy prints? The result of the thrower is really badโฆ |
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Unica
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Unica on Apr 26, 2022 16:41:03 GMT 1, Very happy with those prices. Good collection of prints and obviously well represented. Probably best to go with Sothebyโs or Christieโs then for Banksy prints? The result of the thrower is really badโฆ
[b
Do you mean the Red Liita?
Very happy with those prices. Good collection of prints and obviously well represented. Probably best to go with Sothebyโs or Christieโs then for Banksy prints? The result of the thrower is really badโฆ [b Do you mean the Red Liita? |
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Jonny Wednesday on Apr 26, 2022 16:41:19 GMT 1, Is tax etc added to those prices?
Is tax etc added to those prices? yes, not sure of all the additions but on a few I looked at, Sotheby's added 26% to the hammer price. |
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Unica
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Unica on Apr 26, 2022 16:43:36 GMT 1, They still need to add VAT on BP and ARR, expect another 3-5% on the price shown. Really strong prices on some questionable quality prints. The Kate Moss is awful.
They still need to add VAT on BP and ARR, expect another 3-5% on the price shown. Really strong prices on some questionable quality prints. The Kate Moss is awful.
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nameless
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by nameless on Apr 26, 2022 16:44:26 GMT 1, The result of the thrower is really badโฆ [b Do you mean the Red Liita?
Sure, but Tateward sell the same, month ago, at 370kยฃ.
In my opinion sothebys is much better than tateward.
The result of the thrower is really badโฆ [b Do you mean the Red Liita? Sure, but Tateward sell the same, month ago, at 370kยฃ. In my opinion sothebys is much better than tateward. |
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nameless
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by nameless on Apr 26, 2022 16:44:57 GMT 1, [b Do you mean the Red Liita? Sure, but Tateward sell the same, month ago, at 370kยฃ. In my opinion sothebys is much better than tateward.
No the GDP Thrower
[b Do you mean the Red Liita? Sure, but Tateward sell the same, month ago, at 370kยฃ. In my opinion sothebys is much better than tateward. No the GDP Thrower |
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JFCC
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by JFCC on Apr 26, 2022 19:46:49 GMT 1, They still need to add VAT on BP and ARR, expect another 3-5% on the price shown. Really strong prices on some questionable quality prints. The Kate Moss is awful.
The best way to look at it is 34.5% on top of the hammer price. Premium plus VAT will be 31% depending on the big 4 auction house plus ARR.
The prices quoted add the premium without VAT even though VAT or import duty will be paid by 99% of buyers.
Very average results today
They still need to add VAT on BP and ARR, expect another 3-5% on the price shown. Really strong prices on some questionable quality prints. The Kate Moss is awful. The best way to look at it is 34.5% on top of the hammer price. Premium plus VAT will be 31% depending on the big 4 auction house plus ARR. The prices quoted add the premium without VAT even though VAT or import duty will be paid by 99% of buyers. Very average results today |
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bob60
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by bob60 on Apr 26, 2022 20:52:00 GMT 1, They still need to add VAT on BP and ARR, expect another 3-5% on the price shown. Really strong prices on some questionable quality prints. The Kate Moss is awful. The best way to look at it is 34.5% on top of the hammer price. Premium plus VAT will be 31% depending on the big 4 auction house plus ARR. The prices quoted add the premium without VAT even though VAT or import duty will be paid by 99% of buyers. Very average results today
I thought the Kate did very well, especially given that it had condition issues.
They still need to add VAT on BP and ARR, expect another 3-5% on the price shown. Really strong prices on some questionable quality prints. The Kate Moss is awful. The best way to look at it is 34.5% on top of the hammer price. Premium plus VAT will be 31% depending on the big 4 auction house plus ARR. The prices quoted add the premium without VAT even though VAT or import duty will be paid by 99% of buyers. Very average results today I thought the Kate did very well, especially given that it had condition issues. |
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by sleazus1slord on Apr 26, 2022 21:44:21 GMT 1, What was hand finished on the donuts?
What was hand finished on the donuts? Looks like the sprinkles and lights on the motorcycles. |
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Jeezuz Jones Snr on Apr 26, 2022 22:03:53 GMT 1, Is there a link to the sold prices guys. Thank you ๐
Is there a link to the sold prices guys. Thank you ๐
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Jeezuz Jones Snr on Apr 26, 2022 22:37:07 GMT 1,
Thank you mate๐ the GDP thrower did well I was thinking ยฃ220k ISH. Big price on that donuts also.
Thank you mate๐ the GDP thrower did well I was thinking ยฃ220k ISH. Big price on that donuts also. |
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Wanchope
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Wanchope on Apr 26, 2022 23:08:41 GMT 1, Quick question, are these sold figures including BP?
Cheers
Quick question, are these sold figures including BP?
Cheers
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Charlie Bronson on Apr 26, 2022 23:32:23 GMT 1, 126k for a damaged CYW. Not bad. Wonder what the black residue is from; perhaps framing, or a car mechanic moved it out of the driverโs seat after changing the oil on an Aston.
โThe full sheet, in good condition, with traces of black residue in the margins, framed.โ
Imho, Trolleys is so underrated/undervalued, comparatively. One of my favorites.
126k for a damaged CYW. Not bad. Wonder what the black residue is from; perhaps framing, or a car mechanic moved it out of the driverโs seat after changing the oil on an Aston.
โThe full sheet, in good condition, with traces of black residue in the margins, framed.โ
Imho, Trolleys is so underrated/undervalued, comparatively. One of my favorites.
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jp
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by jp on Apr 26, 2022 23:35:01 GMT 1, Looks like the sprinkles and lights on the motorcycles. I think standard version has coloured lights - but the sprinkles !! Wow a lot of dosh for a few sprinkles.
I thought the same. It's just the sprinkles that have been hand colored. But it is a unique print outside the edition, and it's signed. Someone reaally wanted it.
There are a few other versions of this print. The one that has donuts instead of motorcyle wheels is nice.
Looks like the sprinkles and lights on the motorcycles. I think standard version has coloured lights - but the sprinkles !! Wow a lot of dosh for a few sprinkles. I thought the same. It's just the sprinkles that have been hand colored. But it is a unique print outside the edition, and it's signed. Someone reaally wanted it. There are a few other versions of this print. The one that has donuts instead of motorcyle wheels is nice. |
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bob60
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by bob60 on Apr 27, 2022 4:36:12 GMT 1, Quick question, are these sold figures including BP? Cheers Yes - gets added on once sale is complete
Do the sold figures include everything including VAT etc?
Quick question, are these sold figures including BP? Cheers Yes - gets added on once sale is complete Do the sold figures include everything including VAT etc? |
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JFCC
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by JFCC on Apr 27, 2022 8:22:31 GMT 1, Do the sold figures include everything including VAT etc? No, they do not include VAT (20% in UK), nor Artist Resale Rights (4%).
Do the sold figures include everything including VAT etc? No, they do not include VAT (20% in UK), nor Artist Resale Rights (4%). The website shows hammer price plus 26% (25% + 1% overhead premium). The all up price to include VAT and ARR is hammer price plus 35% |
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by My Name is Frank on Apr 27, 2022 8:23:13 GMT 1, So getting my head round this
Choc Donuts ยฃ69300
ARR (VAT Exempt) ยฃ2772
VAT On Hammer & Premium price ยฃ13860
Total - ยฃ85932
Or as JFCC shows
ยฃ69300/126x100=ยฃ55000 x 1.35 = ยฃ74250
Thrower - ยฃ277200
ARR - ยฃ11088
VAT on Hammer & Premium ยฃ55440
Total - ยฃ343,728
Or as JFCC
ยฃ277200/126x100 = ยฃ220000x1.35 = ยฃ297,000
Is that correct?
So getting my head round this
Choc Donuts ยฃ69300
ARR (VAT Exempt) ยฃ2772
VAT On Hammer & Premium price ยฃ13860
Total - ยฃ85932
Or as JFCC shows
ยฃ69300/126x100=ยฃ55000 x 1.35 = ยฃ74250
Thrower - ยฃ277200
ARR - ยฃ11088
VAT on Hammer & Premium ยฃ55440
Total - ยฃ343,728
Or as JFCC
ยฃ277200/126x100 = ยฃ220000x1.35 = ยฃ297,000
Is that correct?
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cama1556
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by cama1556 on Apr 27, 2022 8:46:54 GMT 1, For UK sales rule of thumb for all-in cost is times the Hammer price by 1.30x. (That excludes any ARR and assumes buyers premium at 25% of hammer)
The after sales prices quoted by auction houses only includes Buyer's Premium because VAT may not be applicable depending on where you live, i.e. non UK tax resident.
For UK sales rule of thumb for all-in cost is times the Hammer price by 1.30x. (That excludes any ARR and assumes buyers premium at 25% of hammer)
The after sales prices quoted by auction houses only includes Buyer's Premium because VAT may not be applicable depending on where you live, i.e. non UK tax resident.
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bob60
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by bob60 on Apr 27, 2022 8:55:49 GMT 1, I am now more confused than ever, how do we know what the hammer price was?
Previously at auctions it seemed to be only the hammer price was shown, and then some member would kindly make a list of the sold prices including everything else to show the final price that the buyer paid.
I am now more confused than ever, how do we know what the hammer price was?
Previously at auctions it seemed to be only the hammer price was shown, and then some member would kindly make a list of the sold prices including everything else to show the final price that the buyer paid.
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Unica
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Unica on Apr 27, 2022 9:23:52 GMT 1, I am now more confused than ever, how do we know what the hammer price was? Previously at auctions it seemed to be only the hammer price was shown, and then some member would kindly make a list of the sold prices including everything else to show the final price that the buyer paid.
I think that was a solid set of figures for Banksy, given the number of pieces at auction this month, War in Ukraine, stock market sell off. And still we get these big number, dedicated Orange Nola ยฃ200k, Flower Thrower ยฃ200k, Donuts barely HF ยฃ300k, Choose Your Weapon ยฃ140k, Radar Rat ยฃ180k, Triptych Chucker ยฃ300k and a dedicated misprinted Kate ยฃ250k. Remember these are prints not originals, IMO originals especially edition ones have quite a bit of room to move up. HW, Lenin, PB, LN, Constabulary, Kids on guns.
I am now more confused than ever, how do we know what the hammer price was? Previously at auctions it seemed to be only the hammer price was shown, and then some member would kindly make a list of the sold prices including everything else to show the final price that the buyer paid. Look up the terms of the auction and subtract the BP then you have the hammer price at Sothebys at least. Their price just show hammer plus BP but exludes ARR and VAT on hammer so the price the buyer actually pays is usually quite a bit more than the price listed, people seem to forget that when the state auction results. The buyer usually paid a fair bit more. I think that was a solid set of figures for Banksy, given the number of pieces at auction this month, War in Ukraine, stock market sell off. And still we get these big number, dedicated Orange Nola ยฃ200k, Flower Thrower ยฃ200k, Donuts barely HF ยฃ300k, Choose Your Weapon ยฃ140k, Radar Rat ยฃ180k, Triptych Chucker ยฃ300k and a dedicated misprinted Kate ยฃ250k. Remember these are prints not originals, IMO originals especially edition ones have quite a bit of room to move up. HW, Lenin, PB, LN, Constabulary, Kids on guns. |
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JFCC
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by JFCC on Apr 27, 2022 10:05:02 GMT 1, Sorry for any confusion!!
So here is an example of the calculation as I do it to work out what the buyer actually paid or the "all in" price:
Using Thrower which is listed as ยฃ277,200 on the website this is made up of from the Hammer Price plus 26% (BP 25% and Admin 1%).
So hammer price is ยฃ220,000. (ยฃ277,200/1.26)
The buyers premium is subject to VAT so to add this it is 26% + 20% VAT = 31.2%.
ARR is a sliding scale so I use about 4% as this works for most prints hence the rounded 35% I use.
The all up price or what the buyer paid therefore is Hammer price x 35% so for Thrower this is ยฃ297k.
This also works back to the BanksyValue site.
Hope this helps!
Sorry for any confusion!!
So here is an example of the calculation as I do it to work out what the buyer actually paid or the "all in" price:
Using Thrower which is listed as ยฃ277,200 on the website this is made up of from the Hammer Price plus 26% (BP 25% and Admin 1%).
So hammer price is ยฃ220,000. (ยฃ277,200/1.26)
The buyers premium is subject to VAT so to add this it is 26% + 20% VAT = 31.2%.
ARR is a sliding scale so I use about 4% as this works for most prints hence the rounded 35% I use.
The all up price or what the buyer paid therefore is Hammer price x 35% so for Thrower this is ยฃ297k.
This also works back to the BanksyValue site.
Hope this helps!
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JFCC
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by JFCC on Apr 27, 2022 10:17:14 GMT 1, For UK sales rule of thumb for all-in cost is times the Hammer price by 1.30x. (That excludes any ARR and assumes buyers premium at 25% of hammer) The after sales prices quoted by auction houses only includes Buyer's Premium because VAT may not be applicable depending on where you live, i.e. non UK tax resident.
For UK sales rule of thumb for all-in cost is times the Hammer price by 1.30x. (That excludes any ARR and assumes buyers premium at 25% of hammer) The after sales prices quoted by auction houses only includes Buyer's Premium because VAT may not be applicable depending on where you live, i.e. non UK tax resident. As a small point there are virtually no jurisdictions where you can bring artwork in duty free, most countries actually have a higher rate based on the value. Exceptions are Liechtenstein, Monaco, San Marino, etc so it's actually a "blind" by the auction houses to make their fees appear more reasonable. |
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cama1556
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by cama1556 on Apr 27, 2022 11:37:21 GMT 1, For UK sales rule of thumb for all-in cost is times the Hammer price by 1.30x. (That excludes any ARR and assumes buyers premium at 25% of hammer) The after sales prices quoted by auction houses only includes Buyer's Premium because VAT may not be applicable depending on where you live, i.e. non UK tax resident. As a small point there are virtually no jurisdictions where you can bring artwork in duty free, most countries actually have a higher rate based on the value. Exceptions are Liechtenstein, Monaco, San Marino, etc so it's actually a "blind" by the auction houses to make their fees appear more reasonable.
Completely agree!
For UK sales rule of thumb for all-in cost is times the Hammer price by 1.30x. (That excludes any ARR and assumes buyers premium at 25% of hammer) The after sales prices quoted by auction houses only includes Buyer's Premium because VAT may not be applicable depending on where you live, i.e. non UK tax resident. As a small point there are virtually no jurisdictions where you can bring artwork in duty free, most countries actually have a higher rate based on the value. Exceptions are Liechtenstein, Monaco, San Marino, etc so it's actually a "blind" by the auction houses to make their fees appear more reasonable. Completely agree! |
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artlike
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by artlike on Apr 27, 2022 12:05:42 GMT 1, I am now more confused than ever, how do we know what the hammer price was? Previously at auctions it seemed to be only the hammer price was shown, and then some member would kindly make a list of the sold prices including everything else to show the final price that the buyer paid.
They do it now to make the results look better. Which was needed here for sure
I am now more confused than ever, how do we know what the hammer price was? Previously at auctions it seemed to be only the hammer price was shown, and then some member would kindly make a list of the sold prices including everything else to show the final price that the buyer paid. They do it now to make the results look better. Which was needed here for sure |
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Patrick 01
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Patrick 01 on Apr 27, 2022 18:07:00 GMT 1, The beautiful Billy Childish hasn't even had a bid yet. Surprising after his ยฃ163,000 result with Christie's.
Frustrating viewing so far bar Fika Leon. Fingers crossed for a surge tomorrow
The beautiful Billy Childish hasn't even had a bid yet. Surprising after his ยฃ163,000 result with Christie's. Frustrating viewing so far bar Fika Leon. Fingers crossed for a surge tomorrow |
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Hubble Bubble
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Hubble Bubble on Apr 27, 2022 18:17:48 GMT 1, The beautiful Billy Childish hasn't even had a bid yet. Surprising after his ยฃ163,000 result with Christie's.
I think his work has developed so much that these earlier pieces are very rough in comparison. Itโs also pretty small from memory.
HB
The beautiful Billy Childish hasn't even had a bid yet. Surprising after his ยฃ163,000 result with Christie's. I think his work has developed so much that these earlier pieces are very rough in comparison. Itโs also pretty small from memory. HB |
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