elwheel
Junior Member
Posts • 1,912
Likes • 232
September 2008
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Sotheby's Art Auctions • LONDON 🇬🇧, by hero on Feb 5, 2009 22:54:14 GMT 1, Considering Jeff Koons is the world's top selling living artist at auction, I find this thread amusing. Considering this is a forum based round banksy's work and street art i find your comment amusing!
well, hes already said his piece
H
Considering Jeff Koons is the world's top selling living artist at auction, I find this thread amusing. Considering this is a forum based round banksy's work and street art i find your comment amusing! well, hes already said his piece H
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loucastel
Junior Member
Posts • 1,551
Likes • 53
October 2007
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Sotheby's Art Auctions • LONDON 🇬🇧, by loucastel on Feb 5, 2009 22:56:10 GMT 1, I was amazed the Lichtenstein didnt sell, that was one of the best lots in the sale for me, as Lee said the estimates and reserves were a lot more realistic I think, hence virtually all lots sold, still raised over £17 million, which I think in this climate is still pretty good going. I really dont understand the nagativity towards the Koons stacked animals, I think they would look quite cute in my lounge, lol, if only!!!
I was amazed the Lichtenstein didnt sell, that was one of the best lots in the sale for me, as Lee said the estimates and reserves were a lot more realistic I think, hence virtually all lots sold, still raised over £17 million, which I think in this climate is still pretty good going. I really dont understand the nagativity towards the Koons stacked animals, I think they would look quite cute in my lounge, lol, if only!!!
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loucastel
Junior Member
Posts • 1,551
Likes • 53
October 2007
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Sotheby's Art Auctions • LONDON 🇬🇧, by loucastel on Feb 5, 2009 22:57:43 GMT 1, Considering this is a forum based round banksy's work and street art i find your comment amusing! well, hes already said his piece H
At least it's not a problem you will ever have to deal with, ehh hero!!!
Considering this is a forum based round banksy's work and street art i find your comment amusing! well, hes already said his piece H At least it's not a problem you will ever have to deal with, ehh hero!!!
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Sotheby's Art Auctions • LONDON 🇬🇧, by Daniel Silk on Feb 6, 2009 16:49:45 GMT 1, I think those prices are about right in the current market They still gotta be about twenty times more than they would of originally cost so I dont think the sellers are complaining. Plus I should think they buyers a pretty happy too! ;D
I think those prices are about right in the current market They still gotta be about twenty times more than they would of originally cost so I dont think the sellers are complaining. Plus I should think they buyers a pretty happy too! ;D
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Grubster
Junior Member
Posts • 1,226
Likes • 1
August 2008
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Sotheby's Art Auctions • LONDON 🇬🇧, by Grubster on Feb 6, 2009 16:57:38 GMT 1, that JR went way above expected sale price. NICE JOB JR
that JR went way above expected sale price. NICE JOB JR
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Sotheby's Art Auctions • LONDON 🇬🇧, by onemandown72 on Feb 6, 2009 16:57:38 GMT 1, They still gotta be about twenty times more than they would of originally cost so I dont think the sellers are complaining. Plus I should think they buyers a pretty happy too! ;D
Depends what the sellers paid for them originally. I'd agree that prices are right for the market, but I am still pretty shocked at the price the BME went for, a unique dyptich going for the same price as an edition of 25 canvas.
They still gotta be about twenty times more than they would of originally cost so I dont think the sellers are complaining. Plus I should think they buyers a pretty happy too! ;D Depends what the sellers paid for them originally. I'd agree that prices are right for the market, but I am still pretty shocked at the price the BME went for, a unique dyptich going for the same price as an edition of 25 canvas.
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Sotheby's Art Auctions • LONDON 🇬🇧, by Guest on Feb 6, 2009 17:00:58 GMT 1, They still gotta be about twenty times more than they would of originally cost so I dont think the sellers are complaining. Plus I should think they buyers a pretty happy too! ;D Depends what the sellers paid for them originally. I'd agree that prices are right for the market, but I am still pretty shocked at the price the BME went for, a unique dyptich going for the same price as an edition of 25 canvas.
totally agree, depends when they bought them, if these were bought at the highest price last year, they just lost 50%
the bme was a steal.
They still gotta be about twenty times more than they would of originally cost so I dont think the sellers are complaining. Plus I should think they buyers a pretty happy too! ;D Depends what the sellers paid for them originally. I'd agree that prices are right for the market, but I am still pretty shocked at the price the BME went for, a unique dyptich going for the same price as an edition of 25 canvas. totally agree, depends when they bought them, if these were bought at the highest price last year, they just lost 50% the bme was a steal.
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hlarmy
Junior Member
Posts • 3,199
Likes • 64
November 2007
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Sotheby's Art Auctions • LONDON 🇬🇧, by hlarmy on Feb 6, 2009 17:04:38 GMT 1, The Banksy diptych looks like a great price
Can anyone explain Lucio Fontana's work to me....
The Banksy diptych looks like a great price Can anyone explain Lucio Fontana's work to me....
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lee3
New Member
Posts • 832
Likes • 1,290
November 2009
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Sotheby's Art Auctions • LONDON 🇬🇧, by lee3 on Feb 6, 2009 17:21:19 GMT 1, >>>I think those prices are about right in the current market <<<
I wonder about Kids on Guns
>>>Banksy price scoem down to earth with a big bump! <<<
Every asset class seems to be getting decimated but in percentage terms from its highs, art seems to be making the most rapid and dramatic decline.
I've got my share of Banksy because one could buy art that really moved you with power at prices that seem affordable by comparison to work from artists that came before him. I never imagined I would see the day where Calder gouache's that gorgeous are WELL under $100k. Nor did I believe that I would EVER get a shot at grabbing a non editioned Yves Klein blue remotely near that same price (lot 108). He did many on paper in that (8x7 inch) size and they've been selling for years like bread between $200-250k. Even the editioned Klein tables are off by a factor of 70% from the last 2 years. I'm simply dumbfounded looking at many of the prices from last evening and today. This is a buyers market like I've only read and heard stories about (1991). My wife and I were talking at length about it last night and it may well be an opportunity to save a bit of money while sitting on the sidelines for a year and make a splash purchase for something that was never possible to add to our collection.
Interesting times and one that we're learning very quickly that you don't want any debt of any kind sitting over your head especially with prices for all assets heading south in a hurry.
I was worried that even these reduced estimates might be too big given the check back in most markets in January (save for China) so it's good to see that Christie's and Sotheby's have done a nice job setting prices where work is selling as opposed to getting bought in.
>>>the bme was a steal.<<<
Does that painting REALLY move you though? I do like the image on other canvases but that particular one seemed kind of bland by comparison. I hear you you loud and clear that for a Banksy of that scale the price seems downright cheap comparatively over the past few years. I guess I feel like now is the time to be very picky with your purchases because those purchases even at today's prices *might* look very expensive by comparison 5 years from now.
>>>I think those prices are about right in the current market <<<
I wonder about Kids on Guns
>>>Banksy price scoem down to earth with a big bump! <<<
Every asset class seems to be getting decimated but in percentage terms from its highs, art seems to be making the most rapid and dramatic decline.
I've got my share of Banksy because one could buy art that really moved you with power at prices that seem affordable by comparison to work from artists that came before him. I never imagined I would see the day where Calder gouache's that gorgeous are WELL under $100k. Nor did I believe that I would EVER get a shot at grabbing a non editioned Yves Klein blue remotely near that same price (lot 108). He did many on paper in that (8x7 inch) size and they've been selling for years like bread between $200-250k. Even the editioned Klein tables are off by a factor of 70% from the last 2 years. I'm simply dumbfounded looking at many of the prices from last evening and today. This is a buyers market like I've only read and heard stories about (1991). My wife and I were talking at length about it last night and it may well be an opportunity to save a bit of money while sitting on the sidelines for a year and make a splash purchase for something that was never possible to add to our collection.
Interesting times and one that we're learning very quickly that you don't want any debt of any kind sitting over your head especially with prices for all assets heading south in a hurry.
I was worried that even these reduced estimates might be too big given the check back in most markets in January (save for China) so it's good to see that Christie's and Sotheby's have done a nice job setting prices where work is selling as opposed to getting bought in.
>>>the bme was a steal.<<<
Does that painting REALLY move you though? I do like the image on other canvases but that particular one seemed kind of bland by comparison. I hear you you loud and clear that for a Banksy of that scale the price seems downright cheap comparatively over the past few years. I guess I feel like now is the time to be very picky with your purchases because those purchases even at today's prices *might* look very expensive by comparison 5 years from now.
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Sotheby's Art Auctions • LONDON 🇬🇧, by snausages on Jun 29, 2010 22:30:09 GMT 1, Banksy's did well.
Faile did just ok. £27500 around $40,000 usd. Not their greatest but a nice big one. www.sothebys.com/app/live/lot/LotDetail.jsp?lot_id=159600461
And even millionaires are flippers, and sometimes they take major losses, from ArtInfo: Richard Prince’s aptly titled 2002 Millionaire Nurse, an ink-jet print and acrylic on canvas (est. £2-3 million, or $3-4.5 million) that sold on one bid to the telephone for a relatively lackluster £2,169,250 ($3,262,769). It last sold at Sotheby’s New York in May 2009 for $4,745,000. Short-term speculation doesn’t always produce pretty results. Why would you buy a 5 million dollar canvas in 2009 and sell it in 2010. After all the fees they took a major loss.
Komar and Melamid’s (Who broke out at the Phillips auction this spring) again hit it big. Their time-warp, faux-Soviet-Realist painting Red Flag (from Nostalgic Socialist Realism Series), from pre-Glasnost 1983 (est. £100-150,000, or $150-226 million), sold for a hefty £349,250 ($525,307).
Banksy's did well. Faile did just ok. £27500 around $40,000 usd. Not their greatest but a nice big one. www.sothebys.com/app/live/lot/LotDetail.jsp?lot_id=159600461And even millionaires are flippers, and sometimes they take major losses, from ArtInfo: Richard Prince’s aptly titled 2002 Millionaire Nurse, an ink-jet print and acrylic on canvas (est. £2-3 million, or $3-4.5 million) that sold on one bid to the telephone for a relatively lackluster £2,169,250 ($3,262,769). It last sold at Sotheby’s New York in May 2009 for $4,745,000. Short-term speculation doesn’t always produce pretty results. Why would you buy a 5 million dollar canvas in 2009 and sell it in 2010. After all the fees they took a major loss. Komar and Melamid’s (Who broke out at the Phillips auction this spring) again hit it big. Their time-warp, faux-Soviet-Realist painting Red Flag (from Nostalgic Socialist Realism Series), from pre-Glasnost 1983 (est. £100-150,000, or $150-226 million), sold for a hefty £349,250 ($525,307).
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lee3
New Member
Posts • 832
Likes • 1,290
November 2009
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Sotheby's Art Auctions • LONDON 🇬🇧, by lee3 on Jun 30, 2010 4:01:03 GMT 1, >>> It last sold at Sotheby’s New York in May 2009 for $4,745,000. Short-term speculation doesn’t always produce pretty results. Why would you buy a 5 million dollar canvas in 2009 and sell it in 2010. After all the fees they took a major loss.<<<
A poor flip is possible but another scenario is that the winning bid last year didn't pay up and in that case the house usually advises not placing it in the follow up auction (autumn in this case). If that was the case the seller could choose NY May sales where (if it wasn't sold) it had been burned and therefore probably wiser to send it to London for their sales. There have been plenty of big ticket items in the past 2 years (a VERY large orange Warhol dollar sign springs to mind) that hammered but the winning bid went unpaid. Credit is much tougher to come by these days for most people. Plus the nurse paintings are incredibly overpriced (on average) anyway imo and a recent buyer should consider themselves very lucky if they "only" suffer a million dollar loss on a sale today. I just can't get out of my head the pair of more historically significant Rucha's one could own for the price of a Prince nurse but that tired comparison is from an older thread. Truth be told I'd very much enjoy either artist in my collection.
>>> It last sold at Sotheby’s New York in May 2009 for $4,745,000. Short-term speculation doesn’t always produce pretty results. Why would you buy a 5 million dollar canvas in 2009 and sell it in 2010. After all the fees they took a major loss.<<<
A poor flip is possible but another scenario is that the winning bid last year didn't pay up and in that case the house usually advises not placing it in the follow up auction (autumn in this case). If that was the case the seller could choose NY May sales where (if it wasn't sold) it had been burned and therefore probably wiser to send it to London for their sales. There have been plenty of big ticket items in the past 2 years (a VERY large orange Warhol dollar sign springs to mind) that hammered but the winning bid went unpaid. Credit is much tougher to come by these days for most people. Plus the nurse paintings are incredibly overpriced (on average) anyway imo and a recent buyer should consider themselves very lucky if they "only" suffer a million dollar loss on a sale today. I just can't get out of my head the pair of more historically significant Rucha's one could own for the price of a Prince nurse but that tired comparison is from an older thread. Truth be told I'd very much enjoy either artist in my collection.
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Deleted
Posts • 0
Likes •
January 1970
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Sotheby's Art Auctions • LONDON 🇬🇧, by Deleted on Aug 29, 2020 7:24:46 GMT 1, Those Rats!!
Some collection
Those Rats!!
Some collection
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mehor
New Member
Posts • 568
Likes • 433
July 2015
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Sotheby's Art Auctions • LONDON 🇬🇧, by mehor on Aug 29, 2020 7:42:00 GMT 1, police kids estimate for a signed one seems off? or maybe it devalued ln 1-2 weeks
police kids estimate for a signed one seems off? or maybe it devalued ln 1-2 weeks
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themenya6
New Member
Posts • 137
Likes • 106
June 2020
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Sotheby's Art Auctions • LONDON 🇬🇧, by themenya6 on Aug 29, 2020 7:56:40 GMT 1,
That statement will be withdrawn in due course also.
That statement will be withdrawn in due course also.
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Deleted
Posts • 0
Likes •
January 1970
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Sotheby's Art Auctions • LONDON 🇬🇧, by Deleted on Aug 29, 2020 7:57:38 GMT 1, police kids estimate for a signed one seems off? or maybe it devalued ln 1-2 weeks
Yea recon so. I’d sell it quick if I had one
police kids estimate for a signed one seems off? or maybe it devalued ln 1-2 weeks Yea recon so. I’d sell it quick if I had one
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18921892
New Member
Posts • 639
Likes • 362
May 2020
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Sotheby's Art Auctions • LONDON 🇬🇧, by 18921892 on Aug 29, 2020 7:58:36 GMT 1, Hmm whats going on here?
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mehor
New Member
Posts • 568
Likes • 433
July 2015
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Sotheby's Art Auctions • LONDON 🇬🇧, by mehor on Aug 29, 2020 8:07:42 GMT 1, police kids estimate for a signed one seems off? or maybe it devalued ln 1-2 weeks Yea recon so. I’d sell it quick if I had one
good idea!
police kids estimate for a signed one seems off? or maybe it devalued ln 1-2 weeks Yea recon so. I’d sell it quick if I had one good idea!
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Deleted
Posts • 0
Likes •
January 1970
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Sotheby's Art Auctions • LONDON 🇬🇧, by Deleted on Aug 29, 2020 10:29:28 GMT 1, Yea recon so. I’d sell it quick if I had one good idea! Ha just kidding. It’s such a classic. I’d never sell it if I had one
Yea recon so. I’d sell it quick if I had one good idea! Ha just kidding. It’s such a classic. I’d never sell it if I had one
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mehor
New Member
Posts • 568
Likes • 433
July 2015
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Sotheby's Art Auctions • LONDON 🇬🇧, by mehor on Aug 29, 2020 10:33:42 GMT 1, they defo mixed up that one. must be unsigned
they defo mixed up that one. must be unsigned
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pr.yu
New Member
Posts • 496
Likes • 633
June 2017
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Sotheby's Art Auctions • LONDON 🇬🇧, by pr.yu on Aug 29, 2020 11:44:36 GMT 1, Estimates circa 2018
Estimates circa 2018
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mehor
New Member
Posts • 568
Likes • 433
July 2015
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Sotheby's Art Auctions • LONDON 🇬🇧, by mehor on Aug 29, 2020 11:54:03 GMT 1, somebody call the apprentice and tell them 2018 is over
somebody call the apprentice and tell them 2018 is over
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Pattycakes
Junior Member
Posts • 1,379
Likes • 422
June 2007
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Sotheby's Art Auctions • LONDON 🇬🇧, by Pattycakes on Aug 29, 2020 12:35:15 GMT 1, they defo mixed up that one. must be unsigned Do you actually think just because they carry a business card that reads Sotheby's they know what they are doing?
they defo mixed up that one. must be unsigned Do you actually think just because they carry a business card that reads Sotheby's they know what they are doing?
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F*X
New Member
Posts • 556
Likes • 400
February 2009
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Sotheby's Art Auctions • LONDON 🇬🇧, by F*X on Aug 29, 2020 12:39:26 GMT 1, Yes their estimates are well out of step with recent results. Do Sotheby's have an exceeded estimate premium.
Yes their estimates are well out of step with recent results. Do Sotheby's have an exceeded estimate premium.
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