afroken
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February 2009
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Sotheby's Art Auctions β’ LONDON π¬π§, by afroken on Jan 27, 2010 1:41:26 GMT 1, I very nearly bought that painting for a few hundred quid from the Cargo show in 2001. I thought about it for days and went back to look at it at least 5 times but decided it was too much money in the end. What a fool.
I very nearly bought that painting for a few hundred quid from the Cargo show in 2001. I thought about it for days and went back to look at it at least 5 times but decided it was too much money in the end. What a fool.
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Sotheby's Art Auctions β’ LONDON π¬π§, by snausages on Jan 31, 2010 3:40:47 GMT 1, Tough break afroken. So I'm guessing at Β£140k you think it's really way overproced.
The one or two Dreweatts auctions that I paid any attention to had every unsold big ticket item top out one step below the low estimate which suggest to me that most if not all were chandelier bids.
Out of curiosity, do the auction houses hire stooges to sit in the audience and wave the paddle till it nears the reserve, or do they pretend that they have a phone bidder, or... I don't doubt the chandelier bids, but the auctions I've attended they've always done a good job of appearing like there was always a real bid coming in from somewhere.
Tough break afroken. So I'm guessing at Β£140k you think it's really way overproced. The one or two Dreweatts auctions that I paid any attention to had every unsold big ticket item top out one step below the low estimate which suggest to me that most if not all were chandelier bids. Out of curiosity, do the auction houses hire stooges to sit in the audience and wave the paddle till it nears the reserve, or do they pretend that they have a phone bidder, or... I don't doubt the chandelier bids, but the auctions I've attended they've always done a good job of appearing like there was always a real bid coming in from somewhere. |
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lee3
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Sotheby's Art Auctions β’ LONDON π¬π§, by lee3 on Jan 31, 2010 18:23:37 GMT 1, >>>Out of curiosity, do the auction houses hire stooges to sit in the audience and wave the paddle till it nears the reserve, or do they pretend that they have a phone bidder<<<
I have no idea regarding the first part of your question whereas the chandeliering that is easy for me to discern is when there is absolutely no activity in the sales room and the auctioneer keeps lifting the price while pointing to the phones. All the more so when the supposed bids stop one step below the low reserve and there is a longer pause before passing. All of the houses do it but some more than others.
I don't attend the auctions in person like I once did which is a shame as I really enjoy them for a host of reasons. But, some of the most important information that was ever passed to me by someone much wiser was to look and learn from the auctioneer's voice and body movement when a reserve has been met if you are still below the low estimate. I've always found the entire process fascinating to watch plus you get the added bonus of looking at some spectacular art in many cases. Of course beauty is in the eye of the beholder given Banksy's morons composition.
>>>Out of curiosity, do the auction houses hire stooges to sit in the audience and wave the paddle till it nears the reserve, or do they pretend that they have a phone bidder<<<
I have no idea regarding the first part of your question whereas the chandeliering that is easy for me to discern is when there is absolutely no activity in the sales room and the auctioneer keeps lifting the price while pointing to the phones. All the more so when the supposed bids stop one step below the low reserve and there is a longer pause before passing. All of the houses do it but some more than others.
I don't attend the auctions in person like I once did which is a shame as I really enjoy them for a host of reasons. But, some of the most important information that was ever passed to me by someone much wiser was to look and learn from the auctioneer's voice and body movement when a reserve has been met if you are still below the low estimate. I've always found the entire process fascinating to watch plus you get the added bonus of looking at some spectacular art in many cases. Of course beauty is in the eye of the beholder given Banksy's morons composition.
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Wearology
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Sotheby's Art Auctions β’ LONDON π¬π§, by Wearology on Jan 31, 2010 21:03:21 GMT 1, Every industry has people who are hired to either start the action or stop the action - much like a gambling establishment has people working for them called "coolers"
Apart from the orginal word of cooler which most people know what it means. In casino terms, it is someone that has bad luck to make other people lose.
I didn't win coz that stupid cooler was always leaning over my shoulder all the time.
I reckon that guy I played blackjack with was a cooler.
Every industry has people who are hired to either start the action or stop the action - much like a gambling establishment has people working for them called "coolers"
Apart from the orginal word of cooler which most people know what it means. In casino terms, it is someone that has bad luck to make other people lose.
I didn't win coz that stupid cooler was always leaning over my shoulder all the time.
I reckon that guy I played blackjack with was a cooler.
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Sotheby's Art Auctions β’ LONDON π¬π§, by snausages on Jan 31, 2010 21:31:16 GMT 1, I've attended auctions at Christies and PdP. Christies was excrutiating waiting for the lot I wanted. (I don't know if this was always true) but the two times I went the lots were pulled down the day before the auction so you couldn't even meander around looking at the work. Had to sit there looking at slides...
PdP was more fun, the artwork has always been left up so you can check it out while the bidding is going on in the main room. Sometimes they have snacks/soda and they have a great view of the High Line and Hudson River, short walk up to the galleries in Chlesea afterwards.
I've attended auctions at Christies and PdP. Christies was excrutiating waiting for the lot I wanted. (I don't know if this was always true) but the two times I went the lots were pulled down the day before the auction so you couldn't even meander around looking at the work. Had to sit there looking at slides...
PdP was more fun, the artwork has always been left up so you can check it out while the bidding is going on in the main room. Sometimes they have snacks/soda and they have a great view of the High Line and Hudson River, short walk up to the galleries in Chlesea afterwards.
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lee3
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Sotheby's Art Auctions β’ LONDON π¬π§, by lee3 on Feb 11, 2010 18:09:41 GMT 1, LOT 233
- BANKSY
B. 1975
KATE MOSS Screen print
25,000β35,000 GBP
Lot Sold. Hammer Price with Buyer's Premium: 46,850 GBP
Calder, Dubuffet, Warhol, Lichtenstein all doing well at the day sale. Sluggish are Francis and Hirst.
write up on last evening's spectacular sale:
www.bloomberg.com/apps/news?pid=20601088&sid=aW3WbdT2_8BA
couple more Banksy's
LOT 284
PROPERTY SOLD TO BENEFIT THE LUGGAGE STORE GALLERY, SAN FRANCISCO
- BANKSY
B. 1975
BOMB HUGGER
25,000β35,000 GBP
Lot Sold. Hammer Price with Buyer's Premium: 58,850 GBP
LOT 285
- BANKSY
B. 1975
AMOURED CAR
25,000β35,000 GBP
Lot Sold. Hammer Price with Buyer's Premium: 49,250 GBP
LOT 233 - BANKSY B. 1975 KATE MOSS Screen print 25,000β35,000 GBP Lot Sold. Hammer Price with Buyer's Premium: 46,850 GBP Calder, Dubuffet, Warhol, Lichtenstein all doing well at the day sale. Sluggish are Francis and Hirst. write up on last evening's spectacular sale: www.bloomberg.com/apps/news?pid=20601088&sid=aW3WbdT2_8BAcouple more Banksy's LOT 284 PROPERTY SOLD TO BENEFIT THE LUGGAGE STORE GALLERY, SAN FRANCISCO - BANKSY B. 1975 BOMB HUGGER 25,000β35,000 GBP Lot Sold. Hammer Price with Buyer's Premium: 58,850 GBP LOT 285 - BANKSY B. 1975 AMOURED CAR 25,000β35,000 GBP Lot Sold. Hammer Price with Buyer's Premium: 49,250 GBP |
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oe32
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Sotheby's Art Auctions β’ LONDON π¬π§, by oe32 on Feb 11, 2010 19:27:28 GMT 1, Really great results - i knew that kate moss on ebay last week was a bargain!
Really great results - i knew that kate moss on ebay last week was a bargain!
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Sotheby's Art Auctions β’ LONDON π¬π§, by mookie on Feb 11, 2010 19:29:04 GMT 1, Really strange that the ebay kate would not shift at Β£25k yet this goes for so much more. I guess some people just don't do ebay.
Really strange that the ebay kate would not shift at Β£25k yet this goes for so much more. I guess some people just don't do ebay.
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lee3
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Sotheby's Art Auctions β’ LONDON π¬π§, by lee3 on Feb 11, 2010 19:42:49 GMT 1, >>>I guess some people just don't do ebay. <<<
Personally, I don't. There are a lot of buyers in the world (particularly middle east) that only buy at auction and won't even source at galleries. We all grow up with different surroundings but some of my friends in the auction world have tipped me off to that behavior which I found strange. I suspect the seller of the ebay Kate that you are referring to is very happy that it didn't sell now.
>>>I guess some people just don't do ebay. <<<
Personally, I don't. There are a lot of buyers in the world (particularly middle east) that only buy at auction and won't even source at galleries. We all grow up with different surroundings but some of my friends in the auction world have tipped me off to that behavior which I found strange. I suspect the seller of the ebay Kate that you are referring to is very happy that it didn't sell now.
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Sotheby's Art Auctions β’ LONDON π¬π§, by mookie on Feb 11, 2010 20:00:04 GMT 1, True. If you have the money why would bother with the hassle of ebay.
True. If you have the money why would bother with the hassle of ebay.
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oe32
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Sotheby's Art Auctions β’ LONDON π¬π§, by oe32 on Feb 11, 2010 20:02:54 GMT 1, i think it did shift on ebay as the sale ended 11 days before it was due to...?
i think it did shift on ebay as the sale ended 11 days before it was due to...?
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mogwhy
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December 2009
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Sotheby's Art Auctions β’ LONDON π¬π§, by mogwhy on Feb 11, 2010 21:39:34 GMT 1, interesting discussion guys.
the only auction i've been to was years ago in australia.
wanted a small, great Gordon Bennett piece that was up for auction. Unfortunately (for me) he suddenly exploded (not literally) days before the auction so i didn't even get a chance to make a bid.
oh, and btw, coolers don't actually exist!
interesting discussion guys.
the only auction i've been to was years ago in australia.
wanted a small, great Gordon Bennett piece that was up for auction. Unfortunately (for me) he suddenly exploded (not literally) days before the auction so i didn't even get a chance to make a bid.
oh, and btw, coolers don't actually exist!
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Sotheby's Art Auctions β’ LONDON π¬π§, by Daniel Silk on Feb 11, 2010 22:00:11 GMT 1, Pretty impressive auction results I would say.
Yeah, the people with that sort of money to spend aint gonna be doing their shopping on ebay ;D Just shows you how people could buy bits on ebay and put them straight up at an auction house for a profit.
Pretty impressive auction results I would say.
Yeah, the people with that sort of money to spend aint gonna be doing their shopping on ebay ;D Just shows you how people could buy bits on ebay and put them straight up at an auction house for a profit.
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hlarmy
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Sotheby's Art Auctions β’ LONDON π¬π§, by hlarmy on Feb 11, 2010 22:27:14 GMT 1, Really strange that the ebay kate would not shift at Β£25k yet this goes for so much more. I guess some people just don't do ebay.
Plus any piece sold at a Christie's sale would undoubtedly sell at a premium (for provenance purposes) and would also sell for a higher price going forward
Really strange that the ebay kate would not shift at Β£25k yet this goes for so much more. I guess some people just don't do ebay. Plus any piece sold at a Christie's sale would undoubtedly sell at a premium (for provenance purposes) and would also sell for a higher price going forward |
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oe32
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Sotheby's Art Auctions β’ LONDON π¬π§, by oe32 on Feb 13, 2010 22:56:42 GMT 1, pdp result was very good
pdp result was very good
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adewilliams
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May 2009
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Sotheby's Art Auctions β’ LONDON π¬π§, by adewilliams on Feb 15, 2010 10:54:01 GMT 1, the difficulty might be getting your item into an auction. I've heard they can be quite picky who they sell for
the difficulty might be getting your item into an auction. I've heard they can be quite picky who they sell for
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samo
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Sotheby's Art Auctions β’ LONDON π¬π§, by samo on Apr 26, 2010 21:00:20 GMT 1, I think you made a typo in the thread title Silky.
I think you made a typo in the thread title Silky.
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Sotheby's Art Auctions β’ LONDON π¬π§, by snausages on Jun 29, 2010 22:30:09 GMT 1, Banksy's did well.
Faile did just ok. Β£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 Princeβs aptly titled 2002 Millionaire Nurse, an ink-jet print and acrylic on canvas (est. Β£2-3 million, or $3-4.5 million) that sold on one bid to the telephone for a relatively lackluster Β£2,169,250 ($3,262,769). It last sold at Sothebyβs New York in May 2009 for $4,745,000. Short-term speculation doesnβt 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 Melamidβs (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. Β£100-150,000, or $150-226 million), sold for a hefty Β£349,250 ($525,307).
Banksy's did well. Faile did just ok. Β£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 Princeβs aptly titled 2002 Millionaire Nurse, an ink-jet print and acrylic on canvas (est. Β£2-3 million, or $3-4.5 million) that sold on one bid to the telephone for a relatively lackluster Β£2,169,250 ($3,262,769). It last sold at Sothebyβs New York in May 2009 for $4,745,000. Short-term speculation doesnβt 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 Melamidβs (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. Β£100-150,000, or $150-226 million), sold for a hefty Β£349,250 ($525,307). |
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lee3
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Sotheby's Art Auctions β’ LONDON π¬π§, by lee3 on Jun 30, 2010 4:01:03 GMT 1, >>> It last sold at Sothebyβs New York in May 2009 for $4,745,000. Short-term speculation doesnβt 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 Sothebyβs New York in May 2009 for $4,745,000. Short-term speculation doesnβt 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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motor
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Sotheby's Art Auctions β’ LONDON π¬π§, by motor on Sept 22, 2010 14:59:10 GMT 1, 
I do like the estimates 
I do like the estimates |
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Harveyn
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Sotheby's Art Auctions β’ LONDON π¬π§, by Harveyn on Sept 22, 2010 15:46:29 GMT 1, Is the E-Catalogue available for this auction yet? Having trouble getting it to open so I guess not... 
Is the E-Catalogue available for this auction yet? Having trouble getting it to open so I guess not... |
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lee3
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Sotheby's Art Auctions β’ LONDON π¬π§, by lee3 on Sept 22, 2010 16:28:52 GMT 1, Thx Motor, e-catalogue isn't working for me either Harvey. The only other street artists that I could find (searching by name) were Basquiat and Rotella. The latter of which has one jaw dropping (to my eyes) abstract work from '58:
browse.sothebys.com/?q=rotella
Fairly reasonable estimates (by art standards) and in the case of Warhol they are already teasing some work from November.
Thx Motor, e-catalogue isn't working for me either Harvey. The only other street artists that I could find (searching by name) were Basquiat and Rotella. The latter of which has one jaw dropping (to my eyes) abstract work from '58: browse.sothebys.com/?q=rotellaFairly reasonable estimates (by art standards) and in the case of Warhol they are already teasing some work from November. |
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jB
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jB
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afroken
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Sotheby's Art Auctions β’ LONDON π¬π§, by afroken on Sept 22, 2010 19:23:12 GMT 1, Doesn't seem to be working in Firefox. But fine in Safari.
There's an awesome Sixeart at Sotheby's with a very reasonable estimate.
Doesn't seem to be working in Firefox. But fine in Safari.
There's an awesome Sixeart at Sotheby's with a very reasonable estimate.
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Winter
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Sotheby's Art Auctions β’ LONDON π¬π§, by Winter on Sept 22, 2010 20:23:02 GMT 1, Interesting how on different lots they show Banksy as being born in 1974 and 1975, maybe he's two people.
Interesting how on different lots they show Banksy as being born in 1974 and 1975, maybe he's two people.
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Sotheby's Art Auctions β’ LONDON π¬π§, by Brushstrokes 75 on Sept 22, 2010 21:12:48 GMT 1, HΓ©hΓ© winter!
I think that there's going to be some real action on this sale... Sotheby's really knows how to handle a sale... There's some really cool Warhol paintings on sale (so I'm sure that mugrabi is going to be there and probably some big collectors and art dealers).
HΓ©hΓ© winter!
I think that there's going to be some real action on this sale... Sotheby's really knows how to handle a sale... There's some really cool Warhol paintings on sale (so I'm sure that mugrabi is going to be there and probably some big collectors and art dealers).
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Pattycakes
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Sotheby's Art Auctions β’ LONDON π¬π§, by Pattycakes on Sept 22, 2010 22:39:44 GMT 1, The day sale is ok, not brilliant and a few too many prints in there for my liking, that said there are some really nice things, the Doig of skiers is lovely, and it's interesting to see the work of Chris Bracey in there. He fabricated all of Tim Noble and Sue Webster's reflector cap works (as well as doing things for LaChapelle and many others), it'll be interesting to see if there is a market for an artist who is more known for making other peoples work than his own.
The day sale is ok, not brilliant and a few too many prints in there for my liking, that said there are some really nice things, the Doig of skiers is lovely, and it's interesting to see the work of Chris Bracey in there. He fabricated all of Tim Noble and Sue Webster's reflector cap works (as well as doing things for LaChapelle and many others), it'll be interesting to see if there is a market for an artist who is more known for making other peoples work than his own.
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