lee3
New Member
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November 2009
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Sotheby's Art Auctions β’ LONDON π¬π§, by lee3 on Feb 5, 2009 20:19:50 GMT 1, Through 6, everything has sold. I'm surprised the Fontana did not bring in more and gosh you have to wonder if it would have brought in 2 or 3 times that much just 6 months ago.
I'm keeping my eye on lot 13 as that is so beautiful to me.
through 10 everything has sold but many obviosly lowered reserves as the prices without premium in some cases are well below the low estimate.
Through 13, everything has sold. "only" 892k GBP for 3 Warhol Fright Wigs which is $1.3M total. The last 12 inch fright wig at auction that I can remember was a gold one in November '07 which "only" brought in $1.7M. I was sitting in the audience for that one. A red one and an orange one had brought in $2.3 and $2.8M the previous May. So, we've gone from $2.8M for a 12 inch version of this image to $400k which is an 85% erosion in price. This correction which was long overdue is significantly nastier than I expected. I envy the buyer of that lot because they got a steal not that I could afford that anyway. It also means that certain Warhol's have come back in the range that I've been hoping for.
The scary thing is that this is just the beginning and art isn't going to just run away from us. Buyers market for the forseeable future (my guess is 5 years at least) so that is the silver lining.
Sale is over and the Fright Wigs are the only lot that brought in above the high estimate. Shockingly to me, the piece I would have wanted the most in this auction (after the Fright Wigs) if money were no object is the only one that was bought in. How in the world does that Lichtenstein not get $1.8M while that Koons brings in $2.8M? Manipu... well maybe there are a lot of people who just can't resist a wooden scultpure of farm animals at $4 million dollars.
I don't get it.
Through 6, everything has sold. I'm surprised the Fontana did not bring in more and gosh you have to wonder if it would have brought in 2 or 3 times that much just 6 months ago.
I'm keeping my eye on lot 13 as that is so beautiful to me.
through 10 everything has sold but many obviosly lowered reserves as the prices without premium in some cases are well below the low estimate.
Through 13, everything has sold. "only" 892k GBP for 3 Warhol Fright Wigs which is $1.3M total. The last 12 inch fright wig at auction that I can remember was a gold one in November '07 which "only" brought in $1.7M. I was sitting in the audience for that one. A red one and an orange one had brought in $2.3 and $2.8M the previous May. So, we've gone from $2.8M for a 12 inch version of this image to $400k which is an 85% erosion in price. This correction which was long overdue is significantly nastier than I expected. I envy the buyer of that lot because they got a steal not that I could afford that anyway. It also means that certain Warhol's have come back in the range that I've been hoping for.
The scary thing is that this is just the beginning and art isn't going to just run away from us. Buyers market for the forseeable future (my guess is 5 years at least) so that is the silver lining.
Sale is over and the Fright Wigs are the only lot that brought in above the high estimate. Shockingly to me, the piece I would have wanted the most in this auction (after the Fright Wigs) if money were no object is the only one that was bought in. How in the world does that Lichtenstein not get $1.8M while that Koons brings in $2.8M? Manipu... well maybe there are a lot of people who just can't resist a wooden scultpure of farm animals at $4 million dollars.
I don't get it.
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elwheel
Junior Member
π¨οΈ 1,912
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September 2008
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Sotheby's Art Auctions β’ LONDON π¬π§, 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
π¨οΈ 1,551
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October 2007
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Sotheby's Art Auctions β’ LONDON π¬π§, 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 Β£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 Β£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
π¨οΈ 1,551
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October 2007
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Sotheby's Art Auctions β’ LONDON π¬π§, 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 β’ LONDON π¬π§, 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
π¨οΈ 1,226
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August 2008
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Sotheby's Art Auctions β’ LONDON π¬π§, 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 β’ LONDON π¬π§, 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 β’ LONDON π¬π§, 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
π¨οΈ 3,199
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November 2007
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Sotheby's Art Auctions β’ LONDON π¬π§, 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
π¨οΈ 832
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November 2009
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Sotheby's Art Auctions β’ LONDON π¬π§, 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 β’ LONDON π¬π§, by williamstone2009 on Feb 25, 2009 12:26:47 GMT 1, Does anyone know anything of about a guy that seems to go by the name interrobang, seen some stencils / posters that have that shepard / mr brainwash feel about them,
I'd welcome any information?
cheers
Does anyone know anything of about a guy that seems to go by the name interrobang, seen some stencils / posters that have that shepard / mr brainwash feel about them,
I'd welcome any information?
cheers
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Sotheby's Art Auctions β’ LONDON π¬π§, by wiz on Feb 25, 2009 12:30:35 GMT 1, Is he a contemporary Turkish Artist?.
Is he a contemporary Turkish Artist?.
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chrisps303
Junior Member
π¨οΈ 1,006
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December 2006
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Sotheby's Art Auctions β’ LONDON π¬π§, by chrisps303 on Feb 25, 2009 12:38:28 GMT 1, Is he a contemporary Turkish Artist?.
lol
Is he a contemporary Turkish Artist?. lol |
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Sotheby's Art Auctions β’ LONDON π¬π§, by thegreatarchitect on Feb 25, 2009 17:21:39 GMT 1, Is he a contemporary Turkish Artist?.
Yes belongs to to school of photo realism pioneered by Chuck Close. Great artist. an obscure of acquired taste until his accident.
Is he a contemporary Turkish Artist?. Yes belongs to to school of photo realism pioneered by Chuck Close. Great artist. an obscure of acquired taste until his accident. |
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Sotheby's Art Auctions β’ LONDON π¬π§, by wiz on Feb 25, 2009 17:36:24 GMT 1, I see.
I see.
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Sotheby's Art Auctions β’ LONDON π¬π§, by cookiemonster on Feb 25, 2009 18:11:50 GMT 1, i cannot believe that this was painted, the detail is unbelievable
i cannot believe that this was painted, the detail is unbelievable |
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Sotheby's Art Auctions β’ LONDON π¬π§, by wiz on Feb 25, 2009 18:48:10 GMT 1, It is, the Artist is described as a Hyperealistic painter, even zoomed in its still hard to believe.
It is, the Artist is described as a Hyperealistic painter, even zoomed in its still hard to believe. |
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ricobenfico
Junior Member
π¨οΈ 3,174
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May 2008
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Sotheby's Art Auctions β’ LONDON π¬π§, by ricobenfico on Feb 25, 2009 20:25:52 GMT 1, Wow!!! Now that's a talent (errr, the artist, not the boxer being beaten shitless)!
Wow!!! Now that's a talent (errr, the artist, not the boxer being beaten shitless)!
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Francis
Junior Member
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September 2007
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Sotheby's Art Auctions β’ LONDON π¬π§, by Francis on Feb 25, 2009 23:33:44 GMT 1, He can tolerate and have the patience to paint that because he's stoned. In this video, he says he is "in a relationship with the cannabis 8 hours a day"! hahahahaha
www.sothebys.com/video/privateview/L09725/index.html
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Sotheby's Art Auctions β’ LONDON π¬π§, by junkieart on Feb 25, 2009 23:43:38 GMT 1, That is great, but I'm not to sure about photographic style painting. Great technic but I can't get the creative side.
Why not use a camera? just my opinion of course, great skill and patience ( and lots of weed in this case :-) needed!
That is great, but I'm not to sure about photographic style painting. Great technic but I can't get the creative side.
Why not use a camera? just my opinion of course, great skill and patience ( and lots of weed in this case :-) needed!
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funster
Junior Member
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October 2006
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Sotheby's Art Auctions β’ LONDON π¬π§, by funster on Feb 25, 2009 23:47:20 GMT 1, Great art Wiz. There are some very healthy estimates, I personally like Lot 64 - the Mubin Orhon, but it's priced steeply.
Great art Wiz. There are some very healthy estimates, I personally like Lot 64 - the Mubin Orhon, but it's priced steeply.
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Winter
Junior Member
π¨οΈ 7,155
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March 2007
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Sotheby's Art Auctions β’ LONDON π¬π§, by Winter on Feb 25, 2009 23:51:59 GMT 1, I was invited to Roland Hicks show tonight. He paints photo-realistic paintings of amongst other things, fluff.
www.elevenfineart.com/?pageid=3&ListID=50&ItemID=1094
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gbh
Junior Member
π¨οΈ 2,595
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May 2006
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Sotheby's Art Auctions β’ LONDON π¬π§, by Filipino Box Spring Hog on May 1, 2009 5:04:37 GMT 1, I enjoyed watching that. Thanks for posting the link gbh.
I enjoyed watching that. Thanks for posting the link gbh.
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Sotheby's Art Auctions β’ LONDON π¬π§, by doublehelix on May 1, 2009 9:28:40 GMT 1, Interesting parallels between Christopher Wool's work and Eine.
Interesting parallels between Christopher Wool's work and Eine.
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Sotheby's Art Auctions β’ LONDON π¬π§, by jh153 on May 1, 2009 9:59:59 GMT 1, Jeff Koons - lol such a piss taker as always! 
Jeff Koons - lol such a piss taker as always! |
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so I dont think the sellers are complaining. Plus I should think they buyers a pretty happy too! ;D 
