Deleted
Posts โข 0
Likes โข
January 1970
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Deleted on Jan 20, 2015 15:08:28 GMT 1, I really like that second one. I contacted Bonhams in regard selling my invader original but they were not interested. Perhaps I should try Sotheby's instead. Try them again this week...and maybe send the 2 links above.
I really like that second one. I contacted Bonhams in regard selling my invader original but they were not interested. Perhaps I should try Sotheby's instead. Try them again this week...and maybe send the 2 links above.
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aumi
New Member
Posts โข 338
Likes โข 282
November 2014
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by aumi on Jan 20, 2015 18:20:41 GMT 1, Wow, the invaders did really really well - As well as the 4Ft Kaws
Wow, the invaders did really really well - As well as the 4Ft Kaws
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Oski
New Member
Posts โข 383
Likes โข 617
December 2014
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Oski on Jan 20, 2015 18:36:23 GMT 1, While I'm a bit surprised at how much those Invaders went for, I've not seen anything Invader being sold for remotely the dollar amounts we are talking about here, I guess on hind sight I shouldn't be that surprised: (1) Invader did a great job of invading HK, with months of self promotion leading up to this, (2) the Kung Fu Dog was one of the leading items for the auction and all eyes were going to be on its result in a such a public arena, and (3) the Asian market is flushed with cash to throw at real estate and art.
Ultimately I'm not sure how much impact this particular auction will have on the pricing of most Invader pieces, as these items are so many leagues beyond our prints, IK, even smaller Aliases and rubics, that it's hard to translate in a direct way.
While I'm a bit surprised at how much those Invaders went for, I've not seen anything Invader being sold for remotely the dollar amounts we are talking about here, I guess on hind sight I shouldn't be that surprised: (1) Invader did a great job of invading HK, with months of self promotion leading up to this, (2) the Kung Fu Dog was one of the leading items for the auction and all eyes were going to be on its result in a such a public arena, and (3) the Asian market is flushed with cash to throw at real estate and art.
Ultimately I'm not sure how much impact this particular auction will have on the pricing of most Invader pieces, as these items are so many leagues beyond our prints, IK, even smaller Aliases and rubics, that it's hard to translate in a direct way.
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Sweetcorn
New Member
Posts โข 984
Likes โข 487
January 2013
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Sweetcorn on Jan 20, 2015 18:58:01 GMT 1, Fanriffic
Fanriffic
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Feral Things
Junior Member
Posts โข 1,848
Likes โข 3,654
January 2012
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Feral Things on Jan 20, 2015 23:56:21 GMT 1, Does anyone know how much the Kaws companion print went for? The Companion Pink and Grey prints sold for 68,750HKD including Buyer's Premium (c.ยฃ5.8k). The search function in the top right corner of the Sotheby's website lets you search by artist.
Does anyone know how much the Kaws companion print went for? The Companion Pink and Grey prints sold for 68,750HKD including Buyer's Premium (c.ยฃ5.8k). The search function in the top right corner of the Sotheby's website lets you search by artist.
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Invaded 420
Junior Member
Posts โข 2,754
Likes โข 1,959
August 2013
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Invaded 420 on Jan 23, 2015 15:04:06 GMT 1, Geez. Estimates for the invaders smashed! Well deserved
Geez. Estimates for the invaders smashed! Well deserved
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kfroms
Junior Member
Posts โข 1,750
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October 2011
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by kfroms on Feb 2, 2015 12:55:38 GMT 1, Boy that' Fuck the police' is awful. And pretty brave by the owner to put it up on auction after it bombed at Christies in May 2014 ( with a ridiculous estimate of 350 to 450,000 Dollar )
Boy that' Fuck the police' is awful. And pretty brave by the owner to put it up on auction after it bombed at Christies in May 2014 ( with a ridiculous estimate of 350 to 450,000 Dollar )
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Unica
Junior Member
Posts โข 2,060
Likes โข 1,222
November 2013
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Unica on Feb 2, 2015 14:30:46 GMT 1, Boy that' f**k the police' is awful. And pretty brave by the owner to put it up on auction after it bombed at Christies in May 2014 ( with a ridiculous estimate of 350 to 450,000 Dollar ) Did it bomb? I thought it was bid up to close to the reserve, but I could be wrong. Anyone know how to check that?
Boy that' f**k the police' is awful. And pretty brave by the owner to put it up on auction after it bombed at Christies in May 2014 ( with a ridiculous estimate of 350 to 450,000 Dollar ) Did it bomb? I thought it was bid up to close to the reserve, but I could be wrong. Anyone know how to check that?
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kfroms
Junior Member
Posts โข 1,750
Likes โข 2,673
October 2011
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by kfroms on Feb 2, 2015 14:39:50 GMT 1, Boy that' f**k the police' is awful. And pretty brave by the owner to put it up on auction after it bombed at Christies in May 2014 ( with a ridiculous estimate of 350 to 450,000 Dollar ) Did it bomb? I thought it was bid up to close to the reserve, but I could be wrong. Anyone know how to check that? Check the Christies sale number 2849 - the work is not listed as sold ( its lot number 511 ) Or check any of the know auction overview sites like: artsalesindex.artinfo.com/asi/lots/5271834
Boy that' f**k the police' is awful. And pretty brave by the owner to put it up on auction after it bombed at Christies in May 2014 ( with a ridiculous estimate of 350 to 450,000 Dollar ) Did it bomb? I thought it was bid up to close to the reserve, but I could be wrong. Anyone know how to check that? Check the Christies sale number 2849 - the work is not listed as sold ( its lot number 511 ) Or check any of the know auction overview sites like: artsalesindex.artinfo.com/asi/lots/5271834
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lee3
New Member
Posts โข 832
Likes โข 1,290
November 2009
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by lee3 on Feb 2, 2015 19:31:13 GMT 1, Boy that' f**k the police' is awful. And pretty brave by the owner to put it up on auction after it bombed at Christies in May 2014 ( with a ridiculous estimate of 350 to 450,000 Dollar ) Did it bomb? I thought it was bid up to close to the reserve, but I could be wrong. Anyone know how to check that? I have to respectfully disagree with kfroms that F the police is awful; I think it's fantastic. In your face for sure but captures the angst typical of a left leaning artist in their youth. I think Christie's missed a golden opportunity during that sale last year where it went unsold to highlight the fact that the policeman in this one is the stenciled replica of the policeman in Warhol's Birmingham race riot which they auctioned off the night before for $63 million.
www.christies.com/lotfinder/paintings/andy-warhol-race-riot-5792521-details.aspx
Jingle, to your point about the fact that the bidding got close to the reserve. I, and many others, never trust the underbid of an unsold work. Banksy is way too high profile of a name for any auction house to not utilize every tool at their disposal to aid in the sale of a work. I'd bet my life that they chandeliered that painting right up to the level right below the reserve in the hopes that someone would take the bait and make the next bid. A chandelier bid is a fictitious bid manufactured by the house to entice another bidder. The better houses use it sparingly but they do use it. The lower tier houses use it blatantly which becomes somewhat humorous in hindsight.
I remember a sale with a bunch of Banksy originals ((if i remember correctly one of them was even corrupted oil #1 with the chopper on it) with sky high reserves at dreweatts more than a handful of years ago that had some banksy prints in it too. Anyway, every one of the overpriced originals (at the time) had an underbid right below the low reserve and every one of them went unsold. Whereas the more rationally priced prints sold. Long winded point being, never trust an underbid and in fact switch the mindset to believe everything under the reserve is in fact a chandelier bid.
The only thing I'm surprised about with this piece is that it still has a very high reserve given the fact that it went unsold recently. I was wrong last time but I'm stubborn so I'll remain steadfast in my opinion and expect it to sell well again this time.
Boy that' f**k the police' is awful. And pretty brave by the owner to put it up on auction after it bombed at Christies in May 2014 ( with a ridiculous estimate of 350 to 450,000 Dollar ) Did it bomb? I thought it was bid up to close to the reserve, but I could be wrong. Anyone know how to check that? I have to respectfully disagree with kfroms that F the police is awful; I think it's fantastic. In your face for sure but captures the angst typical of a left leaning artist in their youth. I think Christie's missed a golden opportunity during that sale last year where it went unsold to highlight the fact that the policeman in this one is the stenciled replica of the policeman in Warhol's Birmingham race riot which they auctioned off the night before for $63 million. www.christies.com/lotfinder/paintings/andy-warhol-race-riot-5792521-details.aspxJingle, to your point about the fact that the bidding got close to the reserve. I, and many others, never trust the underbid of an unsold work. Banksy is way too high profile of a name for any auction house to not utilize every tool at their disposal to aid in the sale of a work. I'd bet my life that they chandeliered that painting right up to the level right below the reserve in the hopes that someone would take the bait and make the next bid. A chandelier bid is a fictitious bid manufactured by the house to entice another bidder. The better houses use it sparingly but they do use it. The lower tier houses use it blatantly which becomes somewhat humorous in hindsight. I remember a sale with a bunch of Banksy originals ((if i remember correctly one of them was even corrupted oil #1 with the chopper on it) with sky high reserves at dreweatts more than a handful of years ago that had some banksy prints in it too. Anyway, every one of the overpriced originals (at the time) had an underbid right below the low reserve and every one of them went unsold. Whereas the more rationally priced prints sold. Long winded point being, never trust an underbid and in fact switch the mindset to believe everything under the reserve is in fact a chandelier bid. The only thing I'm surprised about with this piece is that it still has a very high reserve given the fact that it went unsold recently. I was wrong last time but I'm stubborn so I'll remain steadfast in my opinion and expect it to sell well again this time.
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Unica
Junior Member
Posts โข 2,060
Likes โข 1,222
November 2013
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Unica on Feb 2, 2015 20:49:50 GMT 1, Did it bomb? I thought it was bid up to close to the reserve, but I could be wrong. Anyone know how to check that? I have to respectfully disagree with kfroms that F the police is awful; I think it's fantastic. In your face for sure but captures the angst typical of a left leaning artist in their youth. I think Christie's missed a golden opportunity during that sale last year where it went unsold to highlight the fact that the policeman in this one is the stenciled replica of the policeman in Warhol's Birmingham race riot which they auctioned off the night before for $63 million. www.christies.com/lotfinder/paintings/andy-warhol-race-riot-5792521-details.aspxJingle, to your point about the fact that the bidding got close to the reserve. I, and many others, never trust the underbid of an unsold work. Banksy is way too high profile of a name for any auction house to not utilize every tool at their disposal to aid in the sale of a work. I'd bet my life that they chandeliered that painting right up to the level right below the reserve in the hopes that someone would take the bait and make the next bid. A chandelier bid is a fictitious bid manufactured by the house to entice another bidder. The better houses use it sparingly but they do use it. The lower tier houses use it blatantly which becomes somewhat humorous in hindsight. I remember a sale with a bunch of Banksy originals ((if i remember correctly one of them was even corrupted oil #1 with the chopper on it) with sky high reserves at dreweatts more than a handful of years ago that had some banksy prints in it too. Anyway, every one of the overpriced originals (at the time) had an underbid right below the low reserve and every one of them went unsold. Whereas the more rationally priced prints sold. Long winded point being, never trust an underbid and in fact switch the mindset to believe everything under the reserve is in fact a chandelier bid. The only thing I'm surprised about with this piece is that it still has a very high reserve given the fact that it went unsold recently. I was wrong last time but I'm stubborn so I'll remain steadfast in my opinion and expect it to sell well again this time. Lee, I only recently learnt of chandelier bidding, its seem inherently wrong to me to be making up fictional bids. Isn't it the same as schill bidding? Having a friend bid at an auction. Does chandelier bidding only happen under the reserve or can they carry on after the piece meets a reserve, a genuine bidder would in fact be bidding against themselves? It seems quite a nefarious practice and makes me even more distrustful of buying at an auction house. Thanks for making me a little more aware of how it works and I shall follow your advice and consider all low bid chandelier bids.
I also like this piece a lot, its sold for quite a bit at auction several years ago and looks unlikely that the seller will make any profit.
Did it bomb? I thought it was bid up to close to the reserve, but I could be wrong. Anyone know how to check that? I have to respectfully disagree with kfroms that F the police is awful; I think it's fantastic. In your face for sure but captures the angst typical of a left leaning artist in their youth. I think Christie's missed a golden opportunity during that sale last year where it went unsold to highlight the fact that the policeman in this one is the stenciled replica of the policeman in Warhol's Birmingham race riot which they auctioned off the night before for $63 million. www.christies.com/lotfinder/paintings/andy-warhol-race-riot-5792521-details.aspxJingle, to your point about the fact that the bidding got close to the reserve. I, and many others, never trust the underbid of an unsold work. Banksy is way too high profile of a name for any auction house to not utilize every tool at their disposal to aid in the sale of a work. I'd bet my life that they chandeliered that painting right up to the level right below the reserve in the hopes that someone would take the bait and make the next bid. A chandelier bid is a fictitious bid manufactured by the house to entice another bidder. The better houses use it sparingly but they do use it. The lower tier houses use it blatantly which becomes somewhat humorous in hindsight. I remember a sale with a bunch of Banksy originals ((if i remember correctly one of them was even corrupted oil #1 with the chopper on it) with sky high reserves at dreweatts more than a handful of years ago that had some banksy prints in it too. Anyway, every one of the overpriced originals (at the time) had an underbid right below the low reserve and every one of them went unsold. Whereas the more rationally priced prints sold. Long winded point being, never trust an underbid and in fact switch the mindset to believe everything under the reserve is in fact a chandelier bid. The only thing I'm surprised about with this piece is that it still has a very high reserve given the fact that it went unsold recently. I was wrong last time but I'm stubborn so I'll remain steadfast in my opinion and expect it to sell well again this time. Lee, I only recently learnt of chandelier bidding, its seem inherently wrong to me to be making up fictional bids. Isn't it the same as schill bidding? Having a friend bid at an auction. Does chandelier bidding only happen under the reserve or can they carry on after the piece meets a reserve, a genuine bidder would in fact be bidding against themselves? It seems quite a nefarious practice and makes me even more distrustful of buying at an auction house. Thanks for making me a little more aware of how it works and I shall follow your advice and consider all low bid chandelier bids. I also like this piece a lot, its sold for quite a bit at auction several years ago and looks unlikely that the seller will make any profit.
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lee3
New Member
Posts โข 832
Likes โข 1,290
November 2009
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by lee3 on Feb 2, 2015 21:11:58 GMT 1, Jingle:
They can only chandelier up to the reserve; every bid above the reserve is genuine from the house's perspective. Also, do keep in mind that often times the reserve is lower than the low estimate so I wouldn't feel free to bid with impunity if you catch my drift. Further, I wouldn't be distrustful of buying at auction either but you do want to know what you're up against. There are many who only buy at auction which can explain a bit as to why we often see higher prices than usual at auction.
To your specific question as to whether it's the same as shill bidding, I suppose it very much is though I never though about it that way. I think of a shill as a fake bid for a friend and in this case the house and the consignor are in business together so it is fake bid for a colleague. But, the one thing you can be sure of is that shill bids are outlawed above the reserve so it only goes on for so long from the house's perspective. There are of course many other ways to manipulate at auction after the reserve with your friends or associates but you can cease being weary of a chandelier bid once the reserve has been met.
Jingle:
They can only chandelier up to the reserve; every bid above the reserve is genuine from the house's perspective. Also, do keep in mind that often times the reserve is lower than the low estimate so I wouldn't feel free to bid with impunity if you catch my drift. Further, I wouldn't be distrustful of buying at auction either but you do want to know what you're up against. There are many who only buy at auction which can explain a bit as to why we often see higher prices than usual at auction.
To your specific question as to whether it's the same as shill bidding, I suppose it very much is though I never though about it that way. I think of a shill as a fake bid for a friend and in this case the house and the consignor are in business together so it is fake bid for a colleague. But, the one thing you can be sure of is that shill bids are outlawed above the reserve so it only goes on for so long from the house's perspective. There are of course many other ways to manipulate at auction after the reserve with your friends or associates but you can cease being weary of a chandelier bid once the reserve has been met.
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kfroms
Junior Member
Posts โข 1,750
Likes โข 2,673
October 2011
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by kfroms on Feb 2, 2015 22:29:39 GMT 1, "Fuck the police" is so.....childish? Immature? It won't sell.
"Fuck the police" is so.....childish? Immature? It won't sell.
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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 Feb 2, 2015 23:11:33 GMT 1, "f**k the police" is so.....childish? Immature? It won't sell. It reflects the Artist perfectly then.
I think it will sell. I like it.
"f**k the police" is so.....childish? Immature? It won't sell. It reflects the Artist perfectly then. I think it will sell. I like it.
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rosh
New Member
Posts โข 599
Likes โข 252
March 2013
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by rosh on Feb 3, 2015 10:02:43 GMT 1, IMO it gonna sell and very well.
IMO it gonna sell and very well.
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silvermyn
Junior Member
Posts โข 1,612
Likes โข 781
April 2008
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by silvermyn on Feb 9, 2015 21:20:39 GMT 1, Did it bomb? I thought it was bid up to close to the reserve, but I could be wrong. Anyone know how to check that? I have to respectfully disagree with kfroms that F the police is awful; I think it's fantastic. In your face for sure but captures the angst typical of a left leaning artist in their youth. I think Christie's missed a golden opportunity during that sale last year where it went unsold to highlight the fact that the policeman in this one is the stenciled replica of the policeman in Warhol's Birmingham race riot which they auctioned off the night before for $63 million. www.christies.com/lotfinder/paintings/andy-warhol-race-riot-5792521-details.aspxJingle, to your point about the fact that the bidding got close to the reserve. I, and many others, never trust the underbid of an unsold work. Banksy is way too high profile of a name for any auction house to not utilize every tool at their disposal to aid in the sale of a work. I'd bet my life that they chandeliered that painting right up to the level right below the reserve in the hopes that someone would take the bait and make the next bid. A chandelier bid is a fictitious bid manufactured by the house to entice another bidder. The better houses use it sparingly but they do use it. The lower tier houses use it blatantly which becomes somewhat humorous in hindsight. Whereas the more rationally priced prints sold. Long winded point being, never trust an underbid and in fact switch the mindset to believe everything under the reserve is in fact a chandelier bid. The only thing I'm surprised about with this piece is that it still has a very high reserve given the fact that it went unsold recently. I was wrong last time but I'm stubborn so I'll remain steadfast in my opinion and expect it to sell well again this time. I think that auction was The Urban Art Sale held by Dreweatts in October 2008. There were a number of Banksy originals in that sale and Monkey Detonator (estimated between ยฃ40k and ยฃ60k) did actually sell on the reserve for ยฃ40k.
Interestingly, the Precision Bombing canvas sold at Bonhams last month was also listed in that sale with an estimate of ยฃ15k-ยฃ25k. Bidding at Dreweatts reached ยฃ13k on the night and the lot went unsold.
Vandalised Oil #001 had an estimate of between ยฃ150k and ยฃ200k and bidding stopped at ยฃ140k.
Did it bomb? I thought it was bid up to close to the reserve, but I could be wrong. Anyone know how to check that? I have to respectfully disagree with kfroms that F the police is awful; I think it's fantastic. In your face for sure but captures the angst typical of a left leaning artist in their youth. I think Christie's missed a golden opportunity during that sale last year where it went unsold to highlight the fact that the policeman in this one is the stenciled replica of the policeman in Warhol's Birmingham race riot which they auctioned off the night before for $63 million. www.christies.com/lotfinder/paintings/andy-warhol-race-riot-5792521-details.aspxJingle, to your point about the fact that the bidding got close to the reserve. I, and many others, never trust the underbid of an unsold work. Banksy is way too high profile of a name for any auction house to not utilize every tool at their disposal to aid in the sale of a work. I'd bet my life that they chandeliered that painting right up to the level right below the reserve in the hopes that someone would take the bait and make the next bid. A chandelier bid is a fictitious bid manufactured by the house to entice another bidder. The better houses use it sparingly but they do use it. The lower tier houses use it blatantly which becomes somewhat humorous in hindsight. Whereas the more rationally priced prints sold. Long winded point being, never trust an underbid and in fact switch the mindset to believe everything under the reserve is in fact a chandelier bid. The only thing I'm surprised about with this piece is that it still has a very high reserve given the fact that it went unsold recently. I was wrong last time but I'm stubborn so I'll remain steadfast in my opinion and expect it to sell well again this time. I think that auction was The Urban Art Sale held by Dreweatts in October 2008. There were a number of Banksy originals in that sale and Monkey Detonator (estimated between ยฃ40k and ยฃ60k) did actually sell on the reserve for ยฃ40k.
Interestingly, the Precision Bombing canvas sold at Bonhams last month was also listed in that sale with an estimate of ยฃ15k-ยฃ25k. Bidding at Dreweatts reached ยฃ13k on the night and the lot went unsold.
Vandalised Oil #001 had an estimate of between ยฃ150k and ยฃ200k and bidding stopped at ยฃ140k.
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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 Feb 10, 2015 20:58:28 GMT 1, I was watching the Sotheby's contemporary live auction thing just now.
Puts this urban/ street art stuff into perspective
mid blue plain blue canvas, went for ยฃ6m. looked quite nice
Richter just went for ยฃ30m
Watching the rich boys play in their big boy sand pit
I was watching the Sotheby's contemporary live auction thing just now.
Puts this urban/ street art stuff into perspective
mid blue plain blue canvas, went for ยฃ6m. looked quite nice
Richter just went for ยฃ30m
Watching the rich boys play in their big boy sand pit
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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 Feb 10, 2015 21:17:52 GMT 1, Did it bomb? I thought it was bid up to close to the reserve, but I could be wrong. Anyone know how to check that? I have to respectfully disagree with kfroms that F the police is awful; I think it's fantastic. In your face for sure but captures the angst typical of a left leaning artist in their youth. I think Christie's missed a golden opportunity during that sale last year where it went unsold to highlight the fact that the policeman in this one is the stenciled replica of the policeman in Warhol's Birmingham race riot which they auctioned off the night before for $63 million. www.christies.com/lotfinder/paintings/andy-warhol-race-riot-5792521-details.aspxJingle, to your point about the fact that the bidding got close to the reserve. I, and many others, never trust the underbid of an unsold work. Banksy is way too high profile of a name for any auction house to not utilize every tool at their disposal to aid in the sale of a work. I'd bet my life that they chandeliered that painting right up to the level right below the reserve in the hopes that someone would take the bait and make the next bid. A chandelier bid is a fictitious bid manufactured by the house to entice another bidder. The better houses use it sparingly but they do use it. The lower tier houses use it blatantly which becomes somewhat humorous in hindsight. I remember a sale with a bunch of Banksy originals ((if i remember correctly one of them was even corrupted oil #1 with the chopper on it) with sky high reserves at dreweatts more than a handful of years ago that had some banksy prints in it too. Anyway, every one of the overpriced originals (at the time) had an underbid right below the low reserve and every one of them went unsold. Whereas the more rationally priced prints sold. Long winded point being, never trust an underbid and in fact switch the mindset to believe everything under the reserve is in fact a chandelier bid. The only thing I'm surprised about with this piece is that it still has a very high reserve given the fact that it went unsold recently. I was wrong last time but I'm stubborn so I'll remain steadfast in my opinion and expect it to sell well again this time. Chandelier bids should be illegal.
They hide the actual real maximum bid for an art work.
I know auction houses are only interested in making money so use these type of tactics.
Did it bomb? I thought it was bid up to close to the reserve, but I could be wrong. Anyone know how to check that? I have to respectfully disagree with kfroms that F the police is awful; I think it's fantastic. In your face for sure but captures the angst typical of a left leaning artist in their youth. I think Christie's missed a golden opportunity during that sale last year where it went unsold to highlight the fact that the policeman in this one is the stenciled replica of the policeman in Warhol's Birmingham race riot which they auctioned off the night before for $63 million. www.christies.com/lotfinder/paintings/andy-warhol-race-riot-5792521-details.aspxJingle, to your point about the fact that the bidding got close to the reserve. I, and many others, never trust the underbid of an unsold work. Banksy is way too high profile of a name for any auction house to not utilize every tool at their disposal to aid in the sale of a work. I'd bet my life that they chandeliered that painting right up to the level right below the reserve in the hopes that someone would take the bait and make the next bid. A chandelier bid is a fictitious bid manufactured by the house to entice another bidder. The better houses use it sparingly but they do use it. The lower tier houses use it blatantly which becomes somewhat humorous in hindsight. I remember a sale with a bunch of Banksy originals ((if i remember correctly one of them was even corrupted oil #1 with the chopper on it) with sky high reserves at dreweatts more than a handful of years ago that had some banksy prints in it too. Anyway, every one of the overpriced originals (at the time) had an underbid right below the low reserve and every one of them went unsold. Whereas the more rationally priced prints sold. Long winded point being, never trust an underbid and in fact switch the mindset to believe everything under the reserve is in fact a chandelier bid. The only thing I'm surprised about with this piece is that it still has a very high reserve given the fact that it went unsold recently. I was wrong last time but I'm stubborn so I'll remain steadfast in my opinion and expect it to sell well again this time. Chandelier bids should be illegal.
They hide the actual real maximum bid for an art work.
I know auction houses are only interested in making money so use these type of tactics.
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Deleted
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January 1970
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Deleted on Feb 10, 2015 22:04:46 GMT 1, Chandelier bids should be illegal.
They hide the actual real maximum bid for an art work.
I know auction houses are only interested in making money so use these type of tactics.
No, it will never happen, it would take all the fun out of the sale.
Auction houses make their own house conditions of sale and it is up to them who they allow to enter the saleroom / bid etc., we all know it and we always have.
Chandelier bids should be illegal.
They hide the actual real maximum bid for an art work.
I know auction houses are only interested in making money so use these type of tactics.
No, it will never happen, it would take all the fun out of the sale. Auction houses make their own house conditions of sale and it is up to them who they allow to enter the saleroom / bid etc., we all know it and we always have.
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Deleted
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January 1970
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Deleted on Feb 10, 2015 22:07:40 GMT 1, I was watching the Sotheby's contemporary live auction thing just now. Puts this urban/ street art stuff into perspective mid blue plain blue canvas, went for ยฃ6m. looked quite nice Richter just went for ยฃ30m Watching the rich boys play in their big boy sand pit At the other end, I attended a sale recently @ Bonhams, the chap I was with won a 16th c. chest for 900GBP, a 17th c. chest for 600GBP and 2 x 17th c. chairs for 2000GBP, all with prov., makes this urban stuff look pricey IMO.
I was watching the Sotheby's contemporary live auction thing just now. Puts this urban/ street art stuff into perspective mid blue plain blue canvas, went for ยฃ6m. looked quite nice Richter just went for ยฃ30m Watching the rich boys play in their big boy sand pit At the other end, I attended a sale recently @ Bonhams, the chap I was with won a 16th c. chest for 900GBP, a 17th c. chest for 600GBP and 2 x 17th c. chairs for 2000GBP, all with prov., makes this urban stuff look pricey IMO.
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Deleted
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January 1970
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Deleted on Feb 10, 2015 22:13:00 GMT 1, I was watching the Sotheby's contemporary live auction thing just now. Puts this urban/ street art stuff into perspective mid blue plain blue canvas, went for ยฃ6m. looked quite nice Richter just went for ยฃ30m Watching the rich boys play in their big boy sand pit At the other end, I attended a sale recently @ Bonhams, the chap I was with won a 16th c. chest for 900GBP, a 17th c. chest for 600GBP and 2 x 17th c. chairs for 2000GBP, all with prov., makes this urban stuff look pricey IMO. Recently moved into an old house, and got the buzz to get all antiquie stuff for it, seems to be out of favour at the moment, and very reasonable for real wood, with proper joints, all french polished and shiny. Happy days for me :-) (old fart)
I was watching the Sotheby's contemporary live auction thing just now. Puts this urban/ street art stuff into perspective mid blue plain blue canvas, went for ยฃ6m. looked quite nice Richter just went for ยฃ30m Watching the rich boys play in their big boy sand pit At the other end, I attended a sale recently @ Bonhams, the chap I was with won a 16th c. chest for 900GBP, a 17th c. chest for 600GBP and 2 x 17th c. chairs for 2000GBP, all with prov., makes this urban stuff look pricey IMO. Recently moved into an old house, and got the buzz to get all antiquie stuff for it, seems to be out of favour at the moment, and very reasonable for real wood, with proper joints, all french polished and shiny. Happy days for me :-) (old fart)
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Deleted
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January 1970
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Deleted on Feb 10, 2015 23:31:05 GMT 1, Lots of good antiques down here in South of France in flea markets and Junk shops.
Amazing what you can find here.
and quite a few cheap items get resold in chintzy antique shops in Pimlico etc for silly money.
I agree it's amazing, people cant give away excellently crafted quality antique furniture and shops cant sell it because people want to buy modern crap sold in shops lIk ea etc.
Lots of good antiques down here in South of France in flea markets and Junk shops.
Amazing what you can find here.
and quite a few cheap items get resold in chintzy antique shops in Pimlico etc for silly money.
I agree it's amazing, people cant give away excellently crafted quality antique furniture and shops cant sell it because people want to buy modern crap sold in shops lIk ea etc.
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Harveyn
Forum Guardian
Full Member
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July 2007
Staff Member
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Harveyn on Feb 11, 2015 23:11:50 GMT 1, Banksy Laugh Now - ยฃ87.5k (hammer plus buyer's premium) - Good price for the buyer IMO.
Banksy United (Fuck The Police) - ยฃ209k (hammer+)
Banksy Laugh Now - ยฃ87.5k (hammer plus buyer's premium) - Good price for the buyer IMO.
Banksy United (Fuck The Police) - ยฃ209k (hammer+)
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beenrhymin
New Member
Posts โข 473
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September 2013
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by beenrhymin on Feb 11, 2015 23:23:28 GMT 1, Boy that' f**k the police' is awful. And pretty brave by the owner to put it up on auction after it bombed at Christies in May 2014 ( with a ridiculous estimate of 350 to 450,000 Dollar ) Did it bomb? I thought it was bid up to close to the reserve, but I could be wrong. Anyone know how to check that? yes, its called chandelier bidding because it is fake...
Boy that' f**k the police' is awful. And pretty brave by the owner to put it up on auction after it bombed at Christies in May 2014 ( with a ridiculous estimate of 350 to 450,000 Dollar ) Did it bomb? I thought it was bid up to close to the reserve, but I could be wrong. Anyone know how to check that? yes, its called chandelier bidding because it is fake...
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Sweetcorn
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January 2013
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Sweetcorn on Feb 11, 2015 23:36:20 GMT 1, "f**k the police" is so.....childish? Immature? It won't sell. ยฃ209k
"f**k the police" is so.....childish? Immature? It won't sell. ยฃ209k
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kfroms
Junior Member
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October 2011
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by kfroms on Feb 12, 2015 7:44:44 GMT 1, "f**k the police" is so.....childish? Immature? It won't sell. ยฃ209k We learn two things : Never listen to my predictions.
A hammer price of around 167k is a bad result given the estimate and the overall strong market.
"f**k the police" is so.....childish? Immature? It won't sell. ยฃ209k We learn two things : Never listen to my predictions. A hammer price of around 167k is a bad result given the estimate and the overall strong market.
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rosh
New Member
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March 2013
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by rosh on Feb 12, 2015 9:38:29 GMT 1, Strong prices
Strong prices
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lee3
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November 2009
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by lee3 on Feb 12, 2015 18:39:21 GMT 1, We learn two things : Never listen to my predictions. A hammer price of around 167k is a bad result given the estimate and the overall strong market. To your last point about hammer being a bad result, i don't disagree with you. I really like the piece but my better half detests it. The language and image certainly require a special buyer compared to many others and i guess i keep looking at it from my perspective which is that of horribly biased with hook in mouth. Just out of curiosity i looked back as i remember in the provenance notes this was bought on secondary mkt. Unfortunately for the buyer they purchased it in another world in May '08 when the mkt was near its highs before the global collapse which most of us remember too well was just months away. On dollar terms assuming the seller has a 0% sellers commission at sotheby's (which might be a strong assumption but it's likely no more than 3%) they still lost money hanging onto it for the better of 7 years. Yesterday's hammer at 167 plus conversion is ~$257k.
Banksy Title Untitled - f**k the police Description Banksy (b. 1975) Untitled (f**k the Police) signed Banksy... Medium acrylic and spray enamel on panel Year of Work 2000 Size Height 48 in.; Width 48 in. / Height 122 cm.; Width 122 cm. Misc. Signed Sale of Christie's New York: Wednesday, May 14, 2008 [Lot 00464] Post -War And Contemporary Art Afternoon Session Estimate 250,000 - 350,000 USD Sold For 229,000 USD Premium Currency Converter Provenance Acquired from the artist Private collection, New York
Curiously enough while i was doing a quick search i saw another existentialism laugh now from same edition as the one sotheby's just sold. this sold 2 years ago for about the same as the one yesterday. Laugh now looks cheap to my eyes by $25k or so but any given day. I suppose Anyway, that angel piece today is much stronger to my eyes than either of the works from yesterday.
Banksy Title Laugh now Description signed, dated 2002 and numbered 5/5 on the stretcher; stencilled More ... Medium acrylic and spray enamel on canvas Year of Work 2002 Size Height 17 in.; Width 17 in. / Height 43.2 cm.; Width 43.2 cm. Edition 5/5 Sale of Sotheby's New York: Thursday, November 14, 2013 [Lot 00427] Contemporary Art Day Estimate 50,000 - 70,000 USD Sold For 137,000 USD Premium Currency Converter
We learn two things : Never listen to my predictions. A hammer price of around 167k is a bad result given the estimate and the overall strong market. To your last point about hammer being a bad result, i don't disagree with you. I really like the piece but my better half detests it. The language and image certainly require a special buyer compared to many others and i guess i keep looking at it from my perspective which is that of horribly biased with hook in mouth. Just out of curiosity i looked back as i remember in the provenance notes this was bought on secondary mkt. Unfortunately for the buyer they purchased it in another world in May '08 when the mkt was near its highs before the global collapse which most of us remember too well was just months away. On dollar terms assuming the seller has a 0% sellers commission at sotheby's (which might be a strong assumption but it's likely no more than 3%) they still lost money hanging onto it for the better of 7 years. Yesterday's hammer at 167 plus conversion is ~$257k. Banksy Title Untitled - f**k the police Description Banksy (b. 1975) Untitled (f**k the Police) signed Banksy... Medium acrylic and spray enamel on panel Year of Work 2000 Size Height 48 in.; Width 48 in. / Height 122 cm.; Width 122 cm. Misc. Signed Sale of Christie's New York: Wednesday, May 14, 2008 [Lot 00464] Post -War And Contemporary Art Afternoon Session Estimate 250,000 - 350,000 USD Sold For 229,000 USD Premium Currency Converter Provenance Acquired from the artist Private collection, New York Curiously enough while i was doing a quick search i saw another existentialism laugh now from same edition as the one sotheby's just sold. this sold 2 years ago for about the same as the one yesterday. Laugh now looks cheap to my eyes by $25k or so but any given day. I suppose Anyway, that angel piece today is much stronger to my eyes than either of the works from yesterday. Banksy Title Laugh now Description signed, dated 2002 and numbered 5/5 on the stretcher; stencilled More ... Medium acrylic and spray enamel on canvas Year of Work 2002 Size Height 17 in.; Width 17 in. / Height 43.2 cm.; Width 43.2 cm. Edition 5/5 Sale of Sotheby's New York: Thursday, November 14, 2013 [Lot 00427] Contemporary Art Day Estimate 50,000 - 70,000 USD Sold For 137,000 USD Premium Currency Converter
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Deleted
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January 1970
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Deleted on Feb 12, 2015 18:50:36 GMT 1, Requiring a special kind of buyer would assume it was bought by a private as opposed to that 'certain' kind of dealer who would surely only see it as currency and add it to his / her inventory, yes ?, no ?.
I too like the work Lee.
Requiring a special kind of buyer would assume it was bought by a private as opposed to that 'certain' kind of dealer who would surely only see it as currency and add it to his / her inventory, yes ?, no ?.
I too like the work Lee.
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