toshspice
New Member
Posts โข 676
Likes โข 877
January 2006
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by toshspice on Sept 18, 2020 13:02:00 GMT 1, VAT on premium. I asked Sothebys for a breakdown on fees with an example ยฃ50,000 hammer. This is what I got: Hammer price ยฃ 50,000.00 VAT on Hammer ยฃ - Buyers Premium ยฃ 12,500.00 Vat on Premium ยฃ 2,500.00 Overhead Premium ยฃ 500.00 Vat on OP ยฃ 100.00 Artist's Resale Right ยฃ 1,915.00 Total Paid by Buyer ยฃ 67,515.00 Thanks for the heads up.
So lv90210 's buyers calculation for ยฃ320k hammer Signed Girl With Balloon (ยฃ402,000 / $522,600) is wrong then?
VAT on premium. I asked Sothebys for a breakdown on fees with an example ยฃ50,000 hammer. This is what I got: Hammer price ยฃ 50,000.00 VAT on Hammer ยฃ - Buyers Premium ยฃ 12,500.00 Vat on Premium ยฃ 2,500.00 Overhead Premium ยฃ 500.00 Vat on OP ยฃ 100.00 Artist's Resale Right ยฃ 1,915.00 Total Paid by Buyer ยฃ 67,515.00 Thanks for the heads up. So lv90210 's buyers calculation for ยฃ320k hammer Signed Girl With Balloon (ยฃ402,000 / $522,600) is wrong then?
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Lazarus II
Junior Member
Posts โข 1,803
Likes โข 2,429
August 2019
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Lazarus II on Sept 18, 2020 13:04:42 GMT 1, Thanks for the heads up.ย Soย lv90210 's buyers quote for ยฃ320k hammer Signed Girl With Balloon (ยฃ402,000 / $522,600)ย is wrong then? he wont let the truth get in the way of an inflated price.
Thanks for the heads up.ย Soย lv90210 's buyers quote for ยฃ320k hammer Signed Girl With Balloon (ยฃ402,000 / $522,600)ย is wrong then? he wont let the truth get in the way of an inflated price.
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Dexter Bulldog
Junior Member
Posts โข 1,982
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July 2013
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Dexter Bulldog on Sept 18, 2020 13:08:24 GMT 1, well, in the us id have to pay almost 10% use tax... and shipping .. and insurance.. seems its a good ballpark This is the problem here though. Some try to add in EVERY possible cost which feels a very hype beast approach. Shipping? Insurance? Why not add on cost of framing and home insurance while we are at it? My point is that itโs actually a very easy equation and you canโt paint Vat with such a braid brush. Taxes are an extremely subjective additional and can be / are reduced drastically depending on the buyers location and understanding of tax laws. To each their own of course. We can wind the final price up to outer space of thatโs the point of this discussion. no hype intended. if i want to buy a banana, i have to pay tax, same thing for a banksy. thats the price. the few times ive considered auctions ive backed away because all the extras become overwhelming( even though it was in retrospect the wrong decision). again, no hyping intended, but if i had a gwb and needed to insure it, if i dont figure those costs in to my valuation, then i am not getting a gwb if my house gets robbed.
well, in the us id have to pay almost 10% use tax... and shipping .. and insurance.. seems its a good ballpark This is the problem here though. Some try to add in EVERY possible cost which feels a very hype beast approach. Shipping? Insurance? Why not add on cost of framing and home insurance while we are at it? My point is that itโs actually a very easy equation and you canโt paint Vat with such a braid brush. Taxes are an extremely subjective additional and can be / are reduced drastically depending on the buyers location and understanding of tax laws. To each their own of course. We can wind the final price up to outer space of thatโs the point of this discussion. no hype intended. if i want to buy a banana, i have to pay tax, same thing for a banksy. thats the price. the few times ive considered auctions ive backed away because all the extras become overwhelming( even though it was in retrospect the wrong decision). again, no hyping intended, but if i had a gwb and needed to insure it, if i dont figure those costs in to my valuation, then i am not getting a gwb if my house gets robbed.
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marquis
New Member
Posts โข 67
Likes โข 50
January 2020
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by marquis on Sept 18, 2020 13:12:39 GMT 1, Soย lv90210 's buyers quote for ยฃ320k hammer Signed Girl With Balloon (ยฃ402,000 / $522,600)ย is wrong then? he wont let the truth get in the way of an inflated price.
It will be more than that - 320 + 25% = 400, before the other fees
Soย lv90210 's buyers quote for ยฃ320k hammer Signed Girl With Balloon (ยฃ402,000 / $522,600)ย is wrong then? he wont let the truth get in the way of an inflated price. It will be more than that - 320 + 25% = 400, before the other fees
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teabaggins
New Member
Posts โข 930
Likes โข 1,559
November 2018
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by teabaggins on Sept 18, 2020 13:14:59 GMT 1, This is the problem here though. Some try to add in EVERY possible cost which feels a very hype beast approach. Shipping? Insurance? Why not add on cost of framing and home insurance while we are at it? My point is that itโs actually a very easy equation and you canโt paint Vat with such a braid brush. Taxes are an extremely subjective additional and can be / are reduced drastically depending on the buyers location and understanding of tax laws. To each their own of course. We can wind the final price up to outer space of thatโs the point of this discussion. no hype intended.ย if i want to buy a banana, i have to pay tax, same thing for a banksy.ย thats the price.ย the few times ive considered auctions ive backed away because all the extras become overwhelming( even though it was in retrospect the wrong decision).ย again, no hyping intended, but if i had a Girl With Balloon and needed to insure it, if i dont figure those costs in to my valuation, then i am not getting a Girl With Balloon if my house gets robbed.ย To be clear. YOU are not the one that is hyping here at all . Cost of ownership and cost of winning an auction are just 2 different conversations. The difference of 10% additional tax on ยฃ100k + is significant enough that if it doesnโt apply to everyone it should not be factored in for everyone. Agreed? If the point is understanding what you pay the auction house when winning an auction than adding all of these other highly adjustable variables isnโt the most accurate representation.
This is the problem here though. Some try to add in EVERY possible cost which feels a very hype beast approach. Shipping? Insurance? Why not add on cost of framing and home insurance while we are at it? My point is that itโs actually a very easy equation and you canโt paint Vat with such a braid brush. Taxes are an extremely subjective additional and can be / are reduced drastically depending on the buyers location and understanding of tax laws. To each their own of course. We can wind the final price up to outer space of thatโs the point of this discussion. no hype intended.ย if i want to buy a banana, i have to pay tax, same thing for a banksy.ย thats the price.ย the few times ive considered auctions ive backed away because all the extras become overwhelming( even though it was in retrospect the wrong decision).ย again, no hyping intended, but if i had a Girl With Balloon and needed to insure it, if i dont figure those costs in to my valuation, then i am not getting a Girl With Balloon if my house gets robbed.ย To be clear. YOU are not the one that is hyping here at all . Cost of ownership and cost of winning an auction are just 2 different conversations. The difference of 10% additional tax on ยฃ100k + is significant enough that if it doesnโt apply to everyone it should not be factored in for everyone. Agreed? If the point is understanding what you pay the auction house when winning an auction than adding all of these other highly adjustable variables isnโt the most accurate representation.
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by John The Badgers on Sept 18, 2020 13:19:06 GMT 1, This is the problem here though. Some try to add in EVERY possible cost which feels a very hype beast approach. Shipping? Insurance? Why not add on cost of framing and home insurance while we are at it? My point is that itโs actually a very easy equation and you canโt paint Vat with such a braid brush. Taxes are an extremely subjective additional and can be / are reduced drastically depending on the buyers location and understanding of tax laws. To each their own of course. We can wind the final price up to outer space of thatโs the point of this discussion. no hype intended. if i want to buy a banana, i have to pay tax, same thing for a banksy. thats the price. the few times ive considered auctions ive backed away because all the extras become overwhelming( even though it was in retrospect the wrong decision). again, no hyping intended, but if i had a Girl With Balloon and needed to insure it, if i dont figure those costs in to my valuation, then i am not getting a Girl With Balloon if my house gets robbed. Good point on the insurance side of things Dexterbulldog.
I recently asked this question, and was told you really have to insure for the HP, plus all the fees as this in effect is what you would need to shell out for a replacement.
This is the problem here though. Some try to add in EVERY possible cost which feels a very hype beast approach. Shipping? Insurance? Why not add on cost of framing and home insurance while we are at it? My point is that itโs actually a very easy equation and you canโt paint Vat with such a braid brush. Taxes are an extremely subjective additional and can be / are reduced drastically depending on the buyers location and understanding of tax laws. To each their own of course. We can wind the final price up to outer space of thatโs the point of this discussion. no hype intended. if i want to buy a banana, i have to pay tax, same thing for a banksy. thats the price. the few times ive considered auctions ive backed away because all the extras become overwhelming( even though it was in retrospect the wrong decision). again, no hyping intended, but if i had a Girl With Balloon and needed to insure it, if i dont figure those costs in to my valuation, then i am not getting a Girl With Balloon if my house gets robbed. Good point on the insurance side of things Dexterbulldog. I recently asked this question, and was told you really have to insure for the HP, plus all the fees as this in effect is what you would need to shell out for a replacement.
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theclash
New Member
Posts โข 581
Likes โข 644
May 2020
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by theclash on Sept 18, 2020 13:20:47 GMT 1, How in the world can auction houses charge these fees. Assume some one has tried a transferwise/revolut disruption of this scam / oligopoly.
How in the world can auction houses charge these fees. Assume some one has tried a transferwise/revolut disruption of this scam / oligopoly.
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F*X
New Member
Posts โข 556
Likes โข 400
February 2009
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by F*X on Sept 18, 2020 13:21:31 GMT 1, Girl With balloon now 473K all up
Girl With balloon now 473K all up
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Dexter Bulldog
Junior Member
Posts โข 1,982
Likes โข 1,877
July 2013
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Dexter Bulldog on Sept 18, 2020 13:24:16 GMT 1, no hype intended. if i want to buy a banana, i have to pay tax, same thing for a banksy. thats the price. the few times ive considered auctions ive backed away because all the extras become overwhelming( even though it was in retrospect the wrong decision). again, no hyping intended, but if i had a Girl With Balloon and needed to insure it, if i dont figure those costs in to my valuation, then i am not getting a Girl With Balloon if my house gets robbed. To be clear. YOU are not the one that is hyping here at all . Cost of ownership and cost of winning an auction are just 2 different conversations. The difference of 10% additional tax on ยฃ100k + is significant enough that if it doesnโt apply to everyone it should not be factored in for everyone. Agreed? If the point is understanding what you pay the auction house when winning an auction than adding all of these other highly adjustable variables isnโt the most accurate representation. gotcha, seemed like you were having a go a bit when you asked about framing and home insurance. i only mentioned insurance because say you spend a half million on a banksy and steve wynn sticks a sword through it in transit, it needs to be insured on its way to you and youre responsible for that fee. you wouldnt take your chances and say just send it over, it should be fine on such a large purchase. im pretty certain sothebys isnt paying your insurance while in transit.
but sure, definitely different costs depending on where you reside. thats why i think that 35% is a fair "guide" , not gospel. i wouldnt have the vat fees but i would have use fees.. all sorta averages out unless you live in a few select spots.. anyway, more interesting things to discuss in the next bit...
no hype intended. if i want to buy a banana, i have to pay tax, same thing for a banksy. thats the price. the few times ive considered auctions ive backed away because all the extras become overwhelming( even though it was in retrospect the wrong decision). again, no hyping intended, but if i had a Girl With Balloon and needed to insure it, if i dont figure those costs in to my valuation, then i am not getting a Girl With Balloon if my house gets robbed. To be clear. YOU are not the one that is hyping here at all . Cost of ownership and cost of winning an auction are just 2 different conversations. The difference of 10% additional tax on ยฃ100k + is significant enough that if it doesnโt apply to everyone it should not be factored in for everyone. Agreed? If the point is understanding what you pay the auction house when winning an auction than adding all of these other highly adjustable variables isnโt the most accurate representation. gotcha, seemed like you were having a go a bit when you asked about framing and home insurance. i only mentioned insurance because say you spend a half million on a banksy and steve wynn sticks a sword through it in transit, it needs to be insured on its way to you and youre responsible for that fee. you wouldnt take your chances and say just send it over, it should be fine on such a large purchase. im pretty certain sothebys isnt paying your insurance while in transit. but sure, definitely different costs depending on where you reside. thats why i think that 35% is a fair "guide" , not gospel. i wouldnt have the vat fees but i would have use fees.. all sorta averages out unless you live in a few select spots.. anyway, more interesting things to discuss in the next bit...
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woodman
New Member
Posts โข 236
Likes โข 216
June 2017
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by woodman on Sept 18, 2020 13:25:24 GMT 1, well, in the us id have to pay almost 10% use tax... and shipping .. and insurance.. seems its a good ballpark This is the problem here though. Some try to add in EVERY possible cost which feels a very hype beast approach. Shipping? Insurance? Why not add on cost of framing and home insurance while we are at it? My point is that itโs actually a very easy equation and you canโt paint Vat with such a braid brush. Taxes are an extremely subjective additional and can be / are reduced drastically depending on the buyers location and understanding of tax laws. To each their own of course. We can wind the final price up to outer space of thatโs the point of this discussion. I don't think it is necessarily hype at all. What someone pays the auction house with the fees added is what they actually paid for that print (I don't think anyone is adding the likes of framing and insurance to final prices to hype them).
Granted a seller will want to add the lot in and say "that's what the buyer paid", and you get the other end with the buyer (private sale), saying "ah but that isn't what the seller got". Privately a seller can ask what they want and a buyer will try and negotiate it down, and if they don't like it then it just won't sell.
well, in the us id have to pay almost 10% use tax... and shipping .. and insurance.. seems its a good ballpark This is the problem here though. Some try to add in EVERY possible cost which feels a very hype beast approach. Shipping? Insurance? Why not add on cost of framing and home insurance while we are at it? My point is that itโs actually a very easy equation and you canโt paint Vat with such a braid brush. Taxes are an extremely subjective additional and can be / are reduced drastically depending on the buyers location and understanding of tax laws. To each their own of course. We can wind the final price up to outer space of thatโs the point of this discussion. I don't think it is necessarily hype at all. What someone pays the auction house with the fees added is what they actually paid for that print (I don't think anyone is adding the likes of framing and insurance to final prices to hype them). Granted a seller will want to add the lot in and say "that's what the buyer paid", and you get the other end with the buyer (private sale), saying "ah but that isn't what the seller got". Privately a seller can ask what they want and a buyer will try and negotiate it down, and if they don't like it then it just won't sell.
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Dexter Bulldog
Junior Member
Posts โข 1,982
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July 2013
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Dexter Bulldog on Sept 18, 2020 13:27:25 GMT 1, Girl With balloon now 473K all up *with matte burn.. let that sink in when 6 months ago this board would have argued that lowers the print value by 25+%
Girl With balloon now 473K all up *with matte burn.. let that sink in when 6 months ago this board would have argued that lowers the print value by 25+%
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coller
Junior Member
Posts โข 2,381
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April 2015
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by coller on Sept 18, 2020 13:31:04 GMT 1, i don't really get why people are always hung up on premiums and fees. the fees reflect the value of the service provided by the auction house, and have nothing to do with the value of the work being sold (aside from the percentage basis for the figure). an individual private seller will never get away with charging extra for those added fees/services because they're not an auction house; simple as that. they will also never see that money if they sell at auction. it's a bit of a pointless exercise.
i agree it helps for insurance purposes, because then you need to factor in the services required to replace the art, but it doesn't really have a place when discussing the price/value of a certain work itself.
i don't really get why people are always hung up on premiums and fees. the fees reflect the value of the service provided by the auction house, and have nothing to do with the value of the work being sold (aside from the percentage basis for the figure). an individual private seller will never get away with charging extra for those added fees/services because they're not an auction house; simple as that. they will also never see that money if they sell at auction. it's a bit of a pointless exercise.
i agree it helps for insurance purposes, because then you need to factor in the services required to replace the art, but it doesn't really have a place when discussing the price/value of a certain work itself.
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theclash
New Member
Posts โข 581
Likes โข 644
May 2020
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by theclash on Sept 18, 2020 13:35:20 GMT 1, The same reason people looked the FX transfer fees charged by banks and western union based on historical technology and lack of transparency and said; Wait a minute this is a joke and blew up their business models. Tick - tock for the fees me thinks.
The same reason people looked the FX transfer fees charged by banks and western union based on historical technology and lack of transparency and said; Wait a minute this is a joke and blew up their business models. Tick - tock for the fees me thinks.
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Viscount Jerkoff on Sept 18, 2020 13:35:44 GMT 1, Kicking myself for not picking up a flags 10 years ago when they were $1000 ๐ช
Flags were at ยฃ1000 5 1/2 years ago!
Kicking myself for not picking up a flags 10 years ago when they were $1000 ๐ช Flags were at ยฃ1000 5 1/2 years ago!
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irl1
Full Member
Posts โข 9,274
Likes โข 9,381
December 2017
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by irl1 on Sept 18, 2020 13:38:14 GMT 1, Kicking myself for not picking up a flags 10 years ago when they were $1000 ๐ช Flags were at ยฃ1000 5 1/2 years ago! Hidden Gallery today
Silver Flag , 2006
As Banksy prices continue to soar, limited editions are becoming increasingly difficult to find.
Original screenprint on silver chromalux paper 76 ร 114 cm Edition of 1000 - Numbered on the verso Accompanied by Pest Control certification
ยฃ28,500
Kicking myself for not picking up a flags 10 years ago when they were $1000 ๐ช Flags were at ยฃ1000 5 1/2 years ago! Hidden Gallery today Silver Flag , 2006 As Banksy prices continue to soar, limited editions are becoming increasingly difficult to find. Original screenprint on silver chromalux paper 76 ร 114 cm Edition of 1000 - Numbered on the verso Accompanied by Pest Control certification ยฃ28,500
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mandelbrot
New Member
Posts โข 140
Likes โข 95
December 2014
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by mandelbrot on Sept 18, 2020 13:39:05 GMT 1, Interesting to see if people still go for the sniping style bids, at the end of an auction when offloading tens or hundreds of thousands...
Interesting to see if people still go for the sniping style bids, at the end of an auction when offloading tens or hundreds of thousands...
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Dice
Junior Member
Posts โข 2,228
Likes โข 1,518
October 2011
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Dice on Sept 18, 2020 13:39:50 GMT 1, When it comes to auction fees I always think that what the buyer pays is what the art is worth. The buyer has chosen to pay a certain amount including all fees. And is happy to pay that much.
But the seller did not choose his return as one cannot predict. He is just hoping for as much as possible and may or may not be happy with the outcome.
When it comes to auction fees I always think that what the buyer pays is what the art is worth. The buyer has chosen to pay a certain amount including all fees. And is happy to pay that much.
But the seller did not choose his return as one cannot predict. He is just hoping for as much as possible and may or may not be happy with the outcome.
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Graham H
Junior Member
Posts โข 2,302
Likes โข 2,416
November 2012
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Graham H on Sept 18, 2020 13:42:27 GMT 1, Mind blowing really..
Girl With balloon now 473K all up
Mind blowing really.. Girl With balloon now 473K all up
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woodman
New Member
Posts โข 236
Likes โข 216
June 2017
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by woodman on Sept 18, 2020 13:45:13 GMT 1, Flags were at ยฃ1000 5 1/2 years ago! Hidden Gallery today Silver Flag , 2006 As Banksy prices continue to soar, limited editions are becoming increasingly difficult to find. Original screenprint on silver chromalux paper 76 ร 114 cm Edition of 1000 - Numbered on the verso Accompanied by Pest Control certification ยฃ28,500 Expect that to go up in an hours time (depending on the condition), as it seems Hidden don't like to give out too much information when it comes to condition.
Flags were at ยฃ1000 5 1/2 years ago! Hidden Gallery today Silver Flag , 2006 As Banksy prices continue to soar, limited editions are becoming increasingly difficult to find. Original screenprint on silver chromalux paper 76 ร 114 cm Edition of 1000 - Numbered on the verso Accompanied by Pest Control certification ยฃ28,500 Expect that to go up in an hours time (depending on the condition), as it seems Hidden don't like to give out too much information when it comes to condition.
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toshspice
New Member
Posts โข 676
Likes โข 877
January 2006
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by toshspice on Sept 18, 2020 13:47:52 GMT 1, Youโve been a forum member since 2006 and you donโt know how an auction house works? Wow buyers premium + vat is added to hammer price If you're going to be a smart arse about it, it helps if you get your facts right.
Youโve been a forum member since 2006 and you donโt know how an auction house works? Wow buyers premium + vat is added to hammer price If you're going to be a smart arse about it, it helps if you get your facts right.
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Argiebaji
Junior Member
Posts โข 3,013
Likes โข 1,183
June 2008
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Argiebaji on Sept 18, 2020 13:53:19 GMT 1, Records about to be smashed here!?
Who has this kind of money to bid on these ? My Credit Card is maxed at 8Kยฃ ...
..Am I the only one?
Records about to be smashed here!?
Who has this kind of money to bid on these ? My Credit Card is maxed at 8Kยฃ ...
..Am I the only one?
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jp226
Junior Member
Posts โข 1,065
Likes โข 931
July 2010
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by jp226 on Sept 18, 2020 13:53:54 GMT 1, With U/S pulling in these kinds of prices, I wonder where the lithographs / GDP giveaway prints will end up this time next year --- thoughts?
With U/S pulling in these kinds of prices, I wonder where the lithographs / GDP giveaway prints will end up this time next year --- thoughts?
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Deleted
Posts โข 0
Likes โข
January 1970
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Deleted on Sept 18, 2020 13:54:50 GMT 1, With U/S pulling in these kinds of prices, I wonder where the lithographs / GDP giveaway prints will end up this time next year --- thoughts? Millions
thats what you want to hear right?
With U/S pulling in these kinds of prices, I wonder where the lithographs / GDP giveaway prints will end up this time next year --- thoughts? Millions thats what you want to hear right?
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Lazarus II
Junior Member
Posts โข 1,803
Likes โข 2,429
August 2019
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Lazarus II on Sept 18, 2020 13:58:03 GMT 1, Interesting to see if people still go for the sniping style bids, at the end of an auction when offloading tens or hundreds of thousands... in recent online auctions I have seen (think one was Sotheby's as well) there have been last second bids but it doesn't work as if a bid is made in late on the bid is accepted but the auction gets extended by 5 minutes or so. I cant recall the exact timing details but basically if you "snipe it" then all you will succeed in doing is extending the auction !
Interesting to see if people still go for the sniping style bids, at the end of an auction when offloading tens or hundreds of thousands... in recent online auctions I have seen (think one was Sotheby's as well) there have been last second bids but it doesn't work as if a bid is made in late on the bid is accepted but the auction gets extended by 5 minutes or so. I cant recall the exact timing details but basically if you "snipe it" then all you will succeed in doing is extending the auction !
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jp226
Junior Member
Posts โข 1,065
Likes โข 931
July 2010
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by jp226 on Sept 18, 2020 13:58:48 GMT 1, With U/S pulling in these kinds of prices, I wonder where the lithographs / GDP giveaway prints will end up this time next year --- thoughts? Millions thats what you want to hear right? LOL, at this rate.... anything is possible, right
With U/S pulling in these kinds of prices, I wonder where the lithographs / GDP giveaway prints will end up this time next year --- thoughts? Millions thats what you want to hear right? LOL, at this rate.... anything is possible, right
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Deleted
Posts โข 0
Likes โข
January 1970
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Deleted on Sept 18, 2020 13:59:27 GMT 1, With U/S pulling in these kinds of prices, I wonder where the lithographs / GDP giveaway prints will end up this time next year --- thoughts?
I think these prices are always going to have a ceiling due to the lack of watertight provenance and the number of fakes produced.
With U/S pulling in these kinds of prices, I wonder where the lithographs / GDP giveaway prints will end up this time next year --- thoughts? I think these prices are always going to have a ceiling due to the lack of watertight provenance and the number of fakes produced.
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Dubman
New Member
Posts โข 359
Likes โข 414
May 2020
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Dubman on Sept 18, 2020 14:01:12 GMT 1, LIITA just jumped into hyperspace!!!
LIITA just jumped into hyperspace!!!
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jp226
Junior Member
Posts โข 1,065
Likes โข 931
July 2010
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by jp226 on Sept 18, 2020 14:01:21 GMT 1, With U/S pulling in these kinds of prices, I wonder where the lithographs / GDP giveaway prints will end up this time next year --- thoughts? I think these prices are always going to have a ceiling due to the lack of watertight provenance and the number of fakes produced. Agreed. I think those that have a good provenance history from trusted board members will always pull in a premium.
With U/S pulling in these kinds of prices, I wonder where the lithographs / GDP giveaway prints will end up this time next year --- thoughts? I think these prices are always going to have a ceiling due to the lack of watertight provenance and the number of fakes produced. Agreed. I think those that have a good provenance history from trusted board members will always pull in a premium.
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Dexter Bulldog
Junior Member
Posts โข 1,982
Likes โข 1,877
July 2013
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Dexter Bulldog on Sept 18, 2020 14:01:47 GMT 1, Interesting to see if people still go for the sniping style bids, at the end of an auction when offloading tens or hundreds of thousands... in recent online auctions I have seen (think one was Sotheby's as well) there have been last second bids but it doesn't work as if a bid is made in late on the bid is accepted but the auction gets extended by 5 minutes or so. I cant recall the exact timing details but basically if you "snipe it" then all you will succeed in doing is extending the auction ! looks liek it adds 2 minutes as liita just extemded when it went from 95-110 at the wire
Interesting to see if people still go for the sniping style bids, at the end of an auction when offloading tens or hundreds of thousands... in recent online auctions I have seen (think one was Sotheby's as well) there have been last second bids but it doesn't work as if a bid is made in late on the bid is accepted but the auction gets extended by 5 minutes or so. I cant recall the exact timing details but basically if you "snipe it" then all you will succeed in doing is extending the auction ! looks liek it adds 2 minutes as liita just extemded when it went from 95-110 at the wire
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saint
Junior Member
Posts โข 4,887
Likes โข 1,881
September 2010
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by saint on Sept 18, 2020 14:02:34 GMT 1, Just looking at that Nola, those sizes are wrong no? Unless its been trimmed....
Just looking at that Nola, those sizes are wrong no? Unless its been trimmed....
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