coller
Junior Member
🗨️ 2,384
👍🏻 2,371
April 2015
|
Street art and fund managers , by coller on Sept 21, 2020 20:01:33 GMT 1, I just can’t justify it being worth more than £25k - and if I were a buyer, I’d feel excited about buying the print at that price. As a seller, I would be happy with that price also -
people weren't trying to top the most recent record sale price. people were just trying to make deals where the buyer and seller were both happy.
now you have forum sellers charging auction house premiums and then some, and people are acting like it's normal. it's just a greed fest.
I just can’t justify it being worth more than £25k - and if I were a buyer, I’d feel excited about buying the print at that price. As a seller, I would be happy with that price also - that's great, and that's the way things used to be on here for the most part. people weren't trying to top the most recent record sale price. people were just trying to make deals where the buyer and seller were both happy. now you have forum sellers charging auction house premiums and then some, and people are acting like it's normal. it's just a greed fest. |
|
Deleted
🗨️ 0
👍🏻
January 1970
|
Street art and fund managers , by Deleted on Sept 21, 2020 20:02:10 GMT 1, I just can’t justify it being worth more than £25k - and if I were a buyer, I’d feel excited about buying the print at that price. As a seller, I would be happy with that price also - I’m looking forward to seeing what prices you set if and when you decide to sell any of your works. Very easy to talk the talk about these low figures when you’re not selling
I just can’t justify it being worth more than £25k - and if I were a buyer, I’d feel excited about buying the print at that price. As a seller, I would be happy with that price also - I’m looking forward to seeing what prices you set if and when you decide to sell any of your works. Very easy to talk the talk about these low figures when you’re not selling Offer me £25k for a Flags - it might just be your lucky day sunshine |
|
|
|
Street art and fund managers , by therivler1 on Sept 21, 2020 20:02:55 GMT 1, Is supply and demand really that hard a concept to grasp?
Is supply and demand really that hard a concept to grasp?
|
|
|
|
Street art and fund managers , by Patrick 01 on Sept 21, 2020 20:04:23 GMT 1, I own one and I’m not ashamed to say that I would want more than 25k. One of yesterday’s sellers wanted £35k. I don’t think that is in any way offensive when the last auction sale was close to £45k all in.
I own one and I’m not ashamed to say that I would want more than 25k. One of yesterday’s sellers wanted £35k. I don’t think that is in any way offensive when the last auction sale was close to £45k all in.
|
|
tab1
Full Member
🗨️ 8,519
👍🏻 3,679
September 2011
|
Street art and fund managers , by tab1 on Sept 21, 2020 20:06:38 GMT 1, I just can’t justify it being worth more than £25k - and if I were a buyer, I’d feel excited about buying the print at that price. As a seller, I would be happy with that price also - that's great, and that's the way things used to be on here for the most part. people weren't trying to top the most recent record sale price. people were just trying to make deals where the buyer and seller were both happy. now you have forum sellers charging auction house premiums and then some, and people are acting like it's normal. it's just a greed fest.
Over the years most people quoted and expected auction results for their private sales , not much debate previously as hardly any banksys came up for sale privately ,
I just can’t justify it being worth more than £25k - and if I were a buyer, I’d feel excited about buying the print at that price. As a seller, I would be happy with that price also - that's great, and that's the way things used to be on here for the most part. people weren't trying to top the most recent record sale price. people were just trying to make deals where the buyer and seller were both happy. now you have forum sellers charging auction house premiums and then some, and people are acting like it's normal. it's just a greed fest. Over the years most people quoted and expected auction results for their private sales , not much debate previously as hardly any banksys came up for sale privately , |
|
coller
Junior Member
🗨️ 2,384
👍🏻 2,371
April 2015
|
Street art and fund managers , by coller on Sept 21, 2020 20:09:12 GMT 1, that's great, and that's the way things used to be on here for the most part. people weren't trying to top the most recent record sale price. people were just trying to make deals where the buyer and seller were both happy. now you have forum sellers charging auction house premiums and then some, and people are acting like it's normal. it's just a greed fest. Over the years most people quoted and expected auction results for their private sales , not much debate previously as hardly any banksys came up for sale privately ,
that's great, and that's the way things used to be on here for the most part. people weren't trying to top the most recent record sale price. people were just trying to make deals where the buyer and seller were both happy. now you have forum sellers charging auction house premiums and then some, and people are acting like it's normal. it's just a greed fest. Over the years most people quoted and expected auction results for their private sales , not much debate previously as hardly any banksys came up for sale privately , if you've been here since 2011, then you know better, whether you admit it or not. |
|
|
|
Pawel
Junior Member
🗨️ 3,801
👍🏻 3,274
Member is Online
June 2015
|
Street art and fund managers , by Pawel on Sept 21, 2020 20:11:45 GMT 1, that's honorable, and it seems like that'd be the case. and to clarify, i am not pushing for people to sell their art for below its value should they choose to sell. it just seems like a lot of people are being very disingenuous and manipulative in terms of what constitutes the value of a certain banksy print. old formula: most recent hammer price minus maybe 10-15% = private sale price new formula: most recent hammer price + premiums + fees + additional 25% for each month that has passed since auction result = private sale price
The only problem is that the new formula has been quite accurate for the last few months
that's honorable, and it seems like that'd be the case. and to clarify, i am not pushing for people to sell their art for below its value should they choose to sell. it just seems like a lot of people are being very disingenuous and manipulative in terms of what constitutes the value of a certain banksy print. old formula: most recent hammer price minus maybe 10-15% = private sale price new formula: most recent hammer price + premiums + fees + additional 25% for each month that has passed since auction result = private sale price The only problem is that the new formula has been quite accurate for the last few months |
|
coller
Junior Member
🗨️ 2,384
👍🏻 2,371
April 2015
|
Street art and fund managers , by coller on Sept 21, 2020 20:16:31 GMT 1, just looking at the new formula itself, one should realize its absurd. it anticipates monthly growth in pricing indefinitely based on events solely occurring over the span of the prior 4-5 months. it is ridiculously flawed and unsound. grin reaper clock is right twice a day.
people are asking for and paying prices now that have never been achieved at auction. and then adding premiums on top for services that quite literally do not exist.
it's just madness and mania.
just looking at the new formula itself, one should realize its absurd. it anticipates monthly growth in pricing indefinitely based on events solely occurring over the span of the prior 4-5 months. it is ridiculously flawed and unsound. grin reaper clock is right twice a day.
people are asking for and paying prices now that have never been achieved at auction. and then adding premiums on top for services that quite literally do not exist.
it's just madness and mania.
|
|
tab1
Full Member
🗨️ 8,519
👍🏻 3,679
September 2011
|
Street art and fund managers , by tab1 on Sept 21, 2020 20:17:51 GMT 1, Over the years most people quoted and expected auction results for their private sales , not much debate previously as hardly any banksys came up for sale privately , if you've been here since 2011, then you know better, whether you admit it or not.
I have read countless threads debating valid points Over the years but it does not Change anything , greed sets in and sellers expect The highest amount and quote auction prices
Discussions over the years are often debated over flippers yet they are still prevalent
How many people declare profit On sales of art prints over the permitted threshold to The tax department when conducting a private sale ?
It is a limited market and as long as buyers pay these prices , sellers will quote auction prices , the market dictates the prices
Over the years most people quoted and expected auction results for their private sales , not much debate previously as hardly any banksys came up for sale privately , if you've been here since 2011, then you know better, whether you admit it or not. I have read countless threads debating valid points Over the years but it does not Change anything , greed sets in and sellers expect The highest amount and quote auction prices Discussions over the years are often debated over flippers yet they are still prevalent How many people declare profit On sales of art prints over the permitted threshold to The tax department when conducting a private sale ? It is a limited market and as long as buyers pay these prices , sellers will quote auction prices , the market dictates the prices |
|
Pawel
Junior Member
🗨️ 3,801
👍🏻 3,274
Member is Online
June 2015
|
Street art and fund managers , by Pawel on Sept 21, 2020 20:22:30 GMT 1, just looking at the new formula itself, one should realize its absurd. it anticipates monthly growth in pricing indefinitely based on events solely occurring over the span of the prior 4-5 months. it is ridiculously flawed and unsound. grin reaper clock is right twice a day. people are asking for and paying prices now that have never been achieved at auction. and then adding premiums on top for services that quite literally do not exist. it's just madness and mania. 
just looking at the new formula itself, one should realize its absurd. it anticipates monthly growth in pricing indefinitely based on events solely occurring over the span of the prior 4-5 months. it is ridiculously flawed and unsound. grin reaper clock is right twice a day. people are asking for and paying prices now that have never been achieved at auction. and then adding premiums on top for services that quite literally do not exist. it's just madness and mania. |
|
coller
Junior Member
🗨️ 2,384
👍🏻 2,371
April 2015
|
Street art and fund managers , by coller on Sept 21, 2020 20:23:56 GMT 1, there have always been flippers here. it is obvious that they are more prevalant now, and that the average user cares more about profiteering than art. and the influx of 'market types' who are incessantly shooting off auction results and trying to inflate values has clearly snowballed in recent years. it seems like the norm now, not an exception to.
its pretty easy to tell when looking at what ppl decide to post threads about. seems like these days its about 70% auction recap posts, 15% posts about some mediocre artist someone is trying to pump for profit, 10% for sale posts, and 5% posts about art news.
there have always been flippers here. it is obvious that they are more prevalant now, and that the average user cares more about profiteering than art. and the influx of 'market types' who are incessantly shooting off auction results and trying to inflate values has clearly snowballed in recent years. it seems like the norm now, not an exception to.
its pretty easy to tell when looking at what ppl decide to post threads about. seems like these days its about 70% auction recap posts, 15% posts about some mediocre artist someone is trying to pump for profit, 10% for sale posts, and 5% posts about art news.
|
|
coller
Junior Member
🗨️ 2,384
👍🏻 2,371
April 2015
|
Street art and fund managers , by coller on Sept 21, 2020 20:25:16 GMT 1, just looking at the new formula itself, one should realize its absurd. it anticipates monthly growth in pricing indefinitely based on events solely occurring over the span of the prior 4-5 months. it is ridiculously flawed and unsound. grin reaper clock is right twice a day. people are asking for and paying prices now that have never been achieved at auction. and then adding premiums on top for services that quite literally do not exist. it's just madness and mania.
just looking at the new formula itself, one should realize its absurd. it anticipates monthly growth in pricing indefinitely based on events solely occurring over the span of the prior 4-5 months. it is ridiculously flawed and unsound. grin reaper clock is right twice a day. people are asking for and paying prices now that have never been achieved at auction. and then adding premiums on top for services that quite literally do not exist. it's just madness and mania. A bottle! |
|
Deleted
🗨️ 0
👍🏻
January 1970
|
Street art and fund managers , by Deleted on Sept 21, 2020 20:26:12 GMT 1, i cringe watching ppl flip out over the art market rn.... this has all happened b4.... but ppl r acting like it’s brand new or it’s the end of times.... grow up.... it’s only art.... it’s only money.... most importantly it’s all happened b4, it will all happen again, as history tends 2 repeat itself.... act accordingly.
More than that
It's really really boring
i cringe watching ppl flip out over the art market rn.... this has all happened b4.... but ppl r acting like it’s brand new or it’s the end of times.... grow up.... it’s only art.... it’s only money.... most importantly it’s all happened b4, it will all happen again, as history tends 2 repeat itself.... act accordingly. More than that It's really really boring |
|
Pawel
Junior Member
🗨️ 3,801
👍🏻 3,274
Member is Online
June 2015
|
Street art and fund managers , by Pawel on Sept 21, 2020 20:32:35 GMT 1, i cringe watching ppl flip out over the art market rn.... this has all happened b4.... but ppl r acting like it’s brand new or it’s the end of times.... grow up.... it’s only art.... it’s only money.... most importantly it’s all happened b4, it will all happen again, as history tends 2 repeat itself.... act accordingly. More than that It's really really boring
Formula 1 has been boring for the last 10 years, the price rise has been exciting as nobody really knows what is going on. But I agree the forum has been completely taken over by it, which is annoying.
i cringe watching ppl flip out over the art market rn.... this has all happened b4.... but ppl r acting like it’s brand new or it’s the end of times.... grow up.... it’s only art.... it’s only money.... most importantly it’s all happened b4, it will all happen again, as history tends 2 repeat itself.... act accordingly. More than that It's really really boring Formula 1 has been boring for the last 10 years, the price rise has been exciting as nobody really knows what is going on. But I agree the forum has been completely taken over by it, which is annoying. |
|
|
|
dirtypete
New Member
🗨️ 182
👍🏻 258
September 2006
|
Street art and fund managers , by dirtypete on Sept 21, 2020 21:07:44 GMT 1, it also seems like the forum has been overrun with "market types" and other disingenuous people who have no interest in helping anyone out and only care about making money and inflating values. all these people talking about 35k for a flags as a "good deal long term" can really just fuck off. if any of these ppl really believed the prices were going to keep going up, they'd be buying the 2-3 flags on sale on the forum for 40k per. hell, they could take out a high interest loan and still come out on top if they really believed the insane things they are saying on here these days. no one actually believes it though, so no one is doing it. lotta ppl talking out their bum.
Years ago someone cropped up on the forum who had brought a GWRB canvas for his baby daughter’s room. At the time he was shocked to find out it was worth £50k, especially as he’d struggle to scrape the £400 together to buy it. He seemed a nice bloke and everyone was genuinely happy that if he sold it was going to have a huge Positive impact on his life. I think he used it to buy a house and gain financial security, but it was a long time ago and things get hazy.
I thought Banksy had become unattainable when he released Grin Reaper for £400.
it also seems like the forum has been overrun with "market types" and other disingenuous people who have no interest in helping anyone out and only care about making money and inflating values. all these people talking about 35k for a flags as a "good deal long term" can really just fuck off. if any of these ppl really believed the prices were going to keep going up, they'd be buying the 2-3 flags on sale on the forum for 40k per. hell, they could take out a high interest loan and still come out on top if they really believed the insane things they are saying on here these days. no one actually believes it though, so no one is doing it. lotta ppl talking out their bum. Some people have made life changing money, on the absurd premise that they brought a poster (print) that through sheer luck became that rare commodity of a bankable artist. Let them have their time in the sun, as others had said it will simmer down. Years ago someone cropped up on the forum who had brought a GWRB canvas for his baby daughter’s room. At the time he was shocked to find out it was worth £50k, especially as he’d struggle to scrape the £400 together to buy it. He seemed a nice bloke and everyone was genuinely happy that if he sold it was going to have a huge Positive impact on his life. I think he used it to buy a house and gain financial security, but it was a long time ago and things get hazy. I thought Banksy had become unattainable when he released Grin Reaper for £400. |
|
Rubberneck
Junior Member
🗨️ 1,050
👍🏻 1,433
October 2018
|
Street art and fund managers , by Rubberneck on Sept 21, 2020 22:04:02 GMT 1, there have always been flippers here. it is obvious that they are more prevalant now, and that the average user cares more about profiteering than art. and the influx of 'market types' who are incessantly shooting off auction results and trying to inflate values has clearly snowballed in recent years. it seems like the norm now, not an exception to. its pretty easy to tell when looking at what ppl decide to post threads about. seems like these days its about 70% auction recap posts, 15% posts about some mediocre artist someone is trying to pump for profit, 10% for sale posts, and 5% posts about art news.
there have always been flippers here. it is obvious that they are more prevalant now, and that the average user cares more about profiteering than art. and the influx of 'market types' who are incessantly shooting off auction results and trying to inflate values has clearly snowballed in recent years. it seems like the norm now, not an exception to. its pretty easy to tell when looking at what ppl decide to post threads about. seems like these days its about 70% auction recap posts, 15% posts about some mediocre artist someone is trying to pump for profit, 10% for sale posts, and 5% posts about art news. You missed the percentage for posts stating the forum isn’t as good as it was.. |
|
Deleted
🗨️ 0
👍🏻
January 1970
|
Street art and fund managers , by Deleted on Sept 21, 2020 22:15:01 GMT 1, there have always been flippers here. it is obvious that they are more prevalant now, and that the average user cares more about profiteering than art. and the influx of 'market types' who are incessantly shooting off auction results and trying to inflate values has clearly snowballed in recent years. it seems like the norm now, not an exception to. its pretty easy to tell when looking at what ppl decide to post threads about. seems like these days its about 70% auction recap posts, 15% posts about some mediocre artist someone is trying to pump for profit, 10% for sale posts, and 5% posts about art news. You missed the percentage for posts stating the forum isn’t as good as it was..
Good point, i wonder if its always been like this
We join, we are enthused, we learn, we enjoy. We stay, we get the hump, we get binned, or we strop off, we rejoin and over time become boring old farts
Though maybe it's just me
there have always been flippers here. it is obvious that they are more prevalant now, and that the average user cares more about profiteering than art. and the influx of 'market types' who are incessantly shooting off auction results and trying to inflate values has clearly snowballed in recent years. it seems like the norm now, not an exception to. its pretty easy to tell when looking at what ppl decide to post threads about. seems like these days its about 70% auction recap posts, 15% posts about some mediocre artist someone is trying to pump for profit, 10% for sale posts, and 5% posts about art news. You missed the percentage for posts stating the forum isn’t as good as it was.. Good point, i wonder if its always been like this We join, we are enthused, we learn, we enjoy. We stay, we get the hump, we get binned, or we strop off, we rejoin and over time become boring old farts Though maybe it's just me |
|
coller
Junior Member
🗨️ 2,384
👍🏻 2,371
April 2015
|
Street art and fund managers , by coller on Sept 21, 2020 22:23:40 GMT 1, it also seems like the forum has been overrun with "market types" and other disingenuous people who have no interest in helping anyone out and only care about making money and inflating values. all these people talking about 35k for a flags as a "good deal long term" can really just fuck off. if any of these ppl really believed the prices were going to keep going up, they'd be buying the 2-3 flags on sale on the forum for 40k per. hell, they could take out a high interest loan and still come out on top if they really believed the insane things they are saying on here these days. no one actually believes it though, so no one is doing it. lotta ppl talking out their bum. Some people have made life changing money, on the absurd premise that they brought a poster (print) that through sheer luck became that rare commodity of a bankable artist. Let them have their time in the sun, as others had said it will simmer down. Years ago someone cropped up on the forum who had brought a GWRB canvas for his baby daughter’s room. At the time he was shocked to find out it was worth £50k, especially as he’d struggle to scrape the £400 together to buy it. He seemed a nice bloke and everyone was genuinely happy that if he sold it was going to have a huge Positive impact on his life. I think he used it to buy a house and gain financial security, but it was a long time ago and things get hazy. I thought Banksy had become unattainable when he released Grin Reaper for £400.
it also seems like the forum has been overrun with "market types" and other disingenuous people who have no interest in helping anyone out and only care about making money and inflating values. all these people talking about 35k for a flags as a "good deal long term" can really just fuck off. if any of these ppl really believed the prices were going to keep going up, they'd be buying the 2-3 flags on sale on the forum for 40k per. hell, they could take out a high interest loan and still come out on top if they really believed the insane things they are saying on here these days. no one actually believes it though, so no one is doing it. lotta ppl talking out their bum. Some people have made life changing money, on the absurd premise that they brought a poster (print) that through sheer luck became that rare commodity of a bankable artist. Let them have their time in the sun, as others had said it will simmer down. Years ago someone cropped up on the forum who had brought a GWRB canvas for his baby daughter’s room. At the time he was shocked to find out it was worth £50k, especially as he’d struggle to scrape the £400 together to buy it. He seemed a nice bloke and everyone was genuinely happy that if he sold it was going to have a huge Positive impact on his life. I think he used it to buy a house and gain financial security, but it was a long time ago and things get hazy. I thought Banksy had become unattainable when he released Grin Reaper for £400. i agree with most of what you wrote. i don't think anything i have written is preventing anyone like you described from having their time in the sun. anyone who purchased a GWRB canvas a decade ago and still owns is undoubtedly covered head to toe in sunshine, and i doubt they would get flack from anyone on this forum for selling. i am discussing a different category of forum member. |
|
Deleted
🗨️ 0
👍🏻
January 1970
|
Street art and fund managers , by Deleted on Sept 21, 2020 22:28:29 GMT 1, it also seems like the forum has been overrun with "market types" and other disingenuous people who have no interest in helping anyone out and only care about making money and inflating values. all these people talking about 35k for a flags as a "good deal long term" can really just fuck off. if any of these ppl really believed the prices were going to keep going up, they'd be buying the 2-3 flags on sale on the forum for 40k per. hell, they could take out a high interest loan and still come out on top if they really believed the insane things they are saying on here these days. no one actually believes it though, so no one is doing it. lotta ppl talking out their bum.
To be fair I don’t think any of the 3 people (including me) who have put their copies of Flags up for sale have been hawking them as ‘good deals long term.’ I think instead you’ve got 3 people who have seen that someone was willing to pay big money for their print and have decided if someone wanted to pay near to that figure for theirs then the money would be better spent elsewhere (house deposits, job security etc). But I agree about the hype train. Lots of people trying to convince others that this rise will continue when it’s clearly unsustainable in the long term.
it also seems like the forum has been overrun with "market types" and other disingenuous people who have no interest in helping anyone out and only care about making money and inflating values. all these people talking about 35k for a flags as a "good deal long term" can really just fuck off. if any of these ppl really believed the prices were going to keep going up, they'd be buying the 2-3 flags on sale on the forum for 40k per. hell, they could take out a high interest loan and still come out on top if they really believed the insane things they are saying on here these days. no one actually believes it though, so no one is doing it. lotta ppl talking out their bum. To be fair I don’t think any of the 3 people (including me) who have put their copies of Flags up for sale have been hawking them as ‘good deals long term.’ I think instead you’ve got 3 people who have seen that someone was willing to pay big money for their print and have decided if someone wanted to pay near to that figure for theirs then the money would be better spent elsewhere (house deposits, job security etc). But I agree about the hype train. Lots of people trying to convince others that this rise will continue when it’s clearly unsustainable in the long term. |
|
|
|
Street art and fund managers , by mandelbrot on Sept 21, 2020 22:30:15 GMT 1, Just sell for market value and make a nice big fat donation to charity. Don't see any need to curb the price to favour someone who is able to spend 25k plus on a print.
Just sell for market value and make a nice big fat donation to charity. Don't see any need to curb the price to favour someone who is able to spend 25k plus on a print.
|
|
JW
New Member
🗨️ 930
👍🏻 1,402
February 2011
|
Street art and fund managers , by JW on Sept 21, 2020 22:37:28 GMT 1, To be fair I don’t think any of the 3 people (including me) who have put their copies of Flags up for sale have been hawking them as ‘good deals long term.’ I think instead you’ve got 3 people who have seen that someone was willing to pay big money for their print and have decided if someone wanted to pay near to that figure for theirs then the money would be better spent elsewhere (house deposits, job security etc). But I agree about the hype train. Lots of people trying to convince others that this rise will continue when it’s clearly unsustainable in the long term.
Jesus, I hope you're not in Sales. Otherwise it's no wonder you're selling this print.
(Joking of course. I hope you don't have any concerns around job security and also admire your pragmatism in regards to the hype.) Good luck.
To be fair I don’t think any of the 3 people (including me) who have put their copies of Flags up for sale have been hawking them as ‘good deals long term.’ I think instead you’ve got 3 people who have seen that someone was willing to pay big money for their print and have decided if someone wanted to pay near to that figure for theirs then the money would be better spent elsewhere (house deposits, job security etc). But I agree about the hype train. Lots of people trying to convince others that this rise will continue when it’s clearly unsustainable in the long term. Jesus, I hope you're not in Sales. Otherwise it's no wonder you're selling this print. (Joking of course. I hope you don't have any concerns around job security and also admire your pragmatism in regards to the hype.) Good luck. |
|
coller
Junior Member
🗨️ 2,384
👍🏻 2,371
April 2015
|
Street art and fund managers , by coller on Sept 21, 2020 22:44:57 GMT 1, I sympathize with anyone working in sales. Has been a slaughterhouse during the pandemic.
I sympathize with anyone working in sales. Has been a slaughterhouse during the pandemic.
|
|
|
|
JockoLad
New Member
🗨️ 745
👍🏻 1,035
February 2007
|
Street art and fund managers , by JockoLad on Sept 21, 2020 22:45:12 GMT 1, Some people have made life changing money, on the absurd premise that they brought a poster (print) that through sheer luck became that rare commodity of a bankable artist. Let them have their time in the sun, as others had said it will simmer down. Years ago someone cropped up on the forum who had brought a GWRB canvas for his baby daughter’s room. At the time he was shocked to find out it was worth £50k, especially as he’d struggle to scrape the £400 together to buy it. He seemed a nice bloke and everyone was genuinely happy that if he sold it was going to have a huge Positive impact on his life. I think he used it to buy a house and gain financial security, but it was a long time ago and things get hazy. I thought Banksy had become unattainable when he released Grin Reaper for £400. i agree with most of what you wrote. i don't think anything i have written is preventing anyone like you described from having their time in the sun. anyone who purchased a GWRB canvas a decade ago and still owns is undoubtedly covered head to toe in sunshine, and i doubt they would get flack from anyone on this forum for selling. i am discussing a different category of forum member.
I bought Flags for £100 and Trolleys for £425. Both from source. I was a student at the time. I have a lot of other art from the POW glory days.
Check my posts and you’ll see I’ve tried to sell my Flags print several times over the years but never have. I’ve owned it for 13/14 years and only now think the time has come for me to part with it. I might still hold on and see what happens.
I try my best not to make assumptions about people on this forum. As my limited post count over the years proves, I also believe that it is better to stay quiet and be thought a fool than to speak and remove all doubt.
Some people have made life changing money, on the absurd premise that they brought a poster (print) that through sheer luck became that rare commodity of a bankable artist. Let them have their time in the sun, as others had said it will simmer down. Years ago someone cropped up on the forum who had brought a GWRB canvas for his baby daughter’s room. At the time he was shocked to find out it was worth £50k, especially as he’d struggle to scrape the £400 together to buy it. He seemed a nice bloke and everyone was genuinely happy that if he sold it was going to have a huge Positive impact on his life. I think he used it to buy a house and gain financial security, but it was a long time ago and things get hazy. I thought Banksy had become unattainable when he released Grin Reaper for £400. i agree with most of what you wrote. i don't think anything i have written is preventing anyone like you described from having their time in the sun. anyone who purchased a GWRB canvas a decade ago and still owns is undoubtedly covered head to toe in sunshine, and i doubt they would get flack from anyone on this forum for selling. i am discussing a different category of forum member. I bought Flags for £100 and Trolleys for £425. Both from source. I was a student at the time. I have a lot of other art from the POW glory days. Check my posts and you’ll see I’ve tried to sell my Flags print several times over the years but never have. I’ve owned it for 13/14 years and only now think the time has come for me to part with it. I might still hold on and see what happens. I try my best not to make assumptions about people on this forum. As my limited post count over the years proves, I also believe that it is better to stay quiet and be thought a fool than to speak and remove all doubt. |
|
coller
Junior Member
🗨️ 2,384
👍🏻 2,371
April 2015
|
Street art and fund managers , by coller on Sept 21, 2020 22:49:59 GMT 1, Certainly wasn’t talking about you jocko; didn’t mean for it to seem that way.
Anyone on here who is a member from pre-2011 generally gets a pass from me.
Certainly wasn’t talking about you jocko; didn’t mean for it to seem that way.
Anyone on here who is a member from pre-2011 generally gets a pass from me.
|
|
Deleted
🗨️ 0
👍🏻
January 1970
|
Street art and fund managers , by Deleted on Sept 21, 2020 22:58:36 GMT 1, To be fair I don’t think any of the 3 people (including me) who have put their copies of Flags up for sale have been hawking them as ‘good deals long term.’ I think instead you’ve got 3 people who have seen that someone was willing to pay big money for their print and have decided if someone wanted to pay near to that figure for theirs then the money would be better spent elsewhere (house deposits, job security etc). But I agree about the hype train. Lots of people trying to convince others that this rise will continue when it’s clearly unsustainable in the long term. Jesus, I hope you're not in Sales. Otherwise it's no wonder you're selling this print. (Joking of course. I hope you don't have any concerns around job security and also admire your pragmatism in regards to the hype.) Good luck.
Haha. God no. I’d make an awful salesman. I’m trying to get together funds together for a slightly less crappy home. I’m pretty sure one of the other sellers said he works in the events industry so you can imagine 2020 hasn’t been kind to them.
To be fair I don’t think any of the 3 people (including me) who have put their copies of Flags up for sale have been hawking them as ‘good deals long term.’ I think instead you’ve got 3 people who have seen that someone was willing to pay big money for their print and have decided if someone wanted to pay near to that figure for theirs then the money would be better spent elsewhere (house deposits, job security etc). But I agree about the hype train. Lots of people trying to convince others that this rise will continue when it’s clearly unsustainable in the long term. Jesus, I hope you're not in Sales. Otherwise it's no wonder you're selling this print. (Joking of course. I hope you don't have any concerns around job security and also admire your pragmatism in regards to the hype.) Good luck. Haha. God no. I’d make an awful salesman. I’m trying to get together funds together for a slightly less crappy home. I’m pretty sure one of the other sellers said he works in the events industry so you can imagine 2020 hasn’t been kind to them. |
|
Pawel
Junior Member
🗨️ 3,801
👍🏻 3,274
Member is Online
June 2015
|
Street art and fund managers , by Pawel on Sept 21, 2020 23:07:01 GMT 1, it also seems like the forum has been overrun with "market types" and other disingenuous people who have no interest in helping anyone out and only care about making money and inflating values. all these people talking about 35k for a flags as a "good deal long term" can really just fuck off. if any of these ppl really believed the prices were going to keep going up, they'd be buying the 2-3 flags on sale on the forum for 40k per. hell, they could take out a high interest loan and still come out on top if they really believed the insane things they are saying on here these days. no one actually believes it though, so no one is doing it. lotta ppl talking out their bum. Some people have made life changing money, on the absurd premise that they brought a poster (print) that through sheer luck became that rare commodity of a bankable artist. Let them have their time in the sun, as others had said it will simmer down. Years ago someone cropped up on the forum who had brought a GWRB canvas for his baby daughter’s room. At the time he was shocked to find out it was worth £50k, especially as he’d struggle to scrape the £400 together to buy it. He seemed a nice bloke and everyone was genuinely happy that if he sold it was going to have a huge Positive impact on his life. I think he used it to buy a house and gain financial security, but it was a long time ago and things get hazy. I thought Banksy had become unattainable when he released Grin Reaper for £400.
This whole price jump, just makes the life of a Banksy collector a little bit more difficult.
1. If you want to buy a print, good luck.
2. If you own a piece, you can keep it or you can sell it. If you want to keep it, it just means that probably you need to pay more for the insurance. If you want to sell it, you need to make a decision on when to do that, and if selling 3 months too early results in 180k less, there might be some regret involved.
Basically, good luck everybody!
it also seems like the forum has been overrun with "market types" and other disingenuous people who have no interest in helping anyone out and only care about making money and inflating values. all these people talking about 35k for a flags as a "good deal long term" can really just fuck off. if any of these ppl really believed the prices were going to keep going up, they'd be buying the 2-3 flags on sale on the forum for 40k per. hell, they could take out a high interest loan and still come out on top if they really believed the insane things they are saying on here these days. no one actually believes it though, so no one is doing it. lotta ppl talking out their bum. Some people have made life changing money, on the absurd premise that they brought a poster (print) that through sheer luck became that rare commodity of a bankable artist. Let them have their time in the sun, as others had said it will simmer down. Years ago someone cropped up on the forum who had brought a GWRB canvas for his baby daughter’s room. At the time he was shocked to find out it was worth £50k, especially as he’d struggle to scrape the £400 together to buy it. He seemed a nice bloke and everyone was genuinely happy that if he sold it was going to have a huge Positive impact on his life. I think he used it to buy a house and gain financial security, but it was a long time ago and things get hazy. I thought Banksy had become unattainable when he released Grin Reaper for £400. I bet he would be even more shocked now. This whole price jump, just makes the life of a Banksy collector a little bit more difficult. 1. If you want to buy a print, good luck. 2. If you own a piece, you can keep it or you can sell it. If you want to keep it, it just means that probably you need to pay more for the insurance. If you want to sell it, you need to make a decision on when to do that, and if selling 3 months too early results in 180k less, there might be some regret involved. Basically, good luck everybody! |
|
JW
New Member
🗨️ 930
👍🏻 1,402
February 2011
|
Street art and fund managers , by JW on Sept 21, 2020 23:08:43 GMT 1, Haha. God no. I’d make an awful salesman. I’m trying to get together funds together for a slightly less crappy home. I’m pretty sure one of the other sellers said he works in the events industry so you can imagine 2020 hasn’t been kind to them.
All the best to you - and the others. Life happens, right?
Haha. God no. I’d make an awful salesman. I’m trying to get together funds together for a slightly less crappy home. I’m pretty sure one of the other sellers said he works in the events industry so you can imagine 2020 hasn’t been kind to them. All the best to you - and the others. Life happens, right? |
|
irl1
Full Member
🗨️ 9,274
👍🏻 9,381
December 2017
|
Street art and fund managers , by irl1 on Sept 21, 2020 23:11:52 GMT 1, Certainly wasn’t talking about you jocko; didn’t mean for it to seem that way. Anyone on here who is a member from pre-2011 generally gets a pass from me.
Hmm 2015 that's you in trouble 
I'm sure someone will be along soon to flip you a pass
Certainly wasn’t talking about you jocko; didn’t mean for it to seem that way. Anyone on here who is a member from pre-2011 generally gets a pass from me. Hmm 2015 that's you in trouble I'm sure someone will be along soon to flip you a pass |
|
iamzero
Full Member
🗨️ 9,190
👍🏻 8,545
May 2011
|
Street art and fund managers , by iamzero on Sept 21, 2020 23:19:22 GMT 1, Difficult to slate anyone asking gallery prices on here when there are so many galleries posing as collectors ready to snap up prints and send them straight to the showroom or auction house.
Difficult to slate anyone asking gallery prices on here when there are so many galleries posing as collectors ready to snap up prints and send them straight to the showroom or auction house.
|
|
tab1
Full Member
🗨️ 8,519
👍🏻 3,679
September 2011
|
Street art and fund managers , by tab1 on Sept 21, 2020 23:37:08 GMT 1, there have always been flippers here. it is obvious that they are more prevalant now, and that the average user cares more about profiteering than art. and the influx of 'market types' who are incessantly shooting off auction results and trying to inflate values has clearly snowballed in recent years. it seems like the norm now, not an exception to. its pretty easy to tell when looking at what ppl decide to post threads about. seems like these days its about 70% auction recap posts, 15% posts about some mediocre artist someone is trying to pump for profit, 10% for sale posts, and 5% posts about art news.
If you have time , read some posts from 2006 , it was the same back then and unfortunately will always be , profit
If this mania was not prevalent as you describe the artist would not have made the auction results in the early days
This all started from the print market
Just the uptrend comes in vast increase of financial worth of cycles every few years
urbanartassociation.com/thread/81728/banksy-prices
urbanartassociation.com/thread/81486/weep
there have always been flippers here. it is obvious that they are more prevalant now, and that the average user cares more about profiteering than art. and the influx of 'market types' who are incessantly shooting off auction results and trying to inflate values has clearly snowballed in recent years. it seems like the norm now, not an exception to. its pretty easy to tell when looking at what ppl decide to post threads about. seems like these days its about 70% auction recap posts, 15% posts about some mediocre artist someone is trying to pump for profit, 10% for sale posts, and 5% posts about art news. If you have time , read some posts from 2006 , it was the same back then and unfortunately will always be , profit If this mania was not prevalent as you describe the artist would not have made the auction results in the early days This all started from the print market Just the uptrend comes in vast increase of financial worth of cycles every few years urbanartassociation.com/thread/81728/banksy-pricesurbanartassociation.com/thread/81486/weep |
|
