axel
New Member
Posts โข 79
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November 2019
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TateWard โข Art Auctions ๐ฌ๐ง, by axel on Aug 20, 2020 22:47:19 GMT 1, So, rule is: bid + hummer + arr. The vat is applied only on the hummer fee, and is payable if you are a private. If that goes via a UK company you will be able to recover the cost. If the transaction goes through a foreign company the vat is not applied (depending where the entity is incorporated).
With this said, I think the Tate Ward auction has some interesting pieces, like the Liechtenstein cow triptic, has good estimate, curious to see how high it goes...
So, rule is: bid + hummer + arr. The vat is applied only on the hummer fee, and is payable if you are a private. If that goes via a UK company you will be able to recover the cost. If the transaction goes through a foreign company the vat is not applied (depending where the entity is incorporated).
With this said, I think the Tate Ward auction has some interesting pieces, like the Liechtenstein cow triptic, has good estimate, curious to see how high it goes...
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daniel3886
Junior Member
Posts โข 1,240
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October 2006
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TateWard โข Art Auctions ๐ฌ๐ง, by daniel3886 on Aug 21, 2020 8:14:32 GMT 1, Total added fees to a uk buyer on a lot where ARR applies (European artist selling above 1000 euros) 34%
25% BP 5% VAT (charged on the premium only) 4% ARR
UK registered companies can reclaim the VAT element Buyers outside the EU can request the VAT is removed from their invoice.
Hope that clarifies. Results are recorded at most auction houses as Hammer + BP = Realised Price Local taxes and ARR vary from location to location so recording in the manor above creates a level playing field for comparison.
Artsy have implemented some more rigorous identity checks to comply with AML legislation which is meaning registrations can take slightly longer. If you intend to bid please register early to allow for this, also if you have having trouble with the process please contact specialist@artsymail.com for assistance. Iโm told it works much better from a phone as opposed to the desktop site.
Total added fees to a uk buyer on a lot where ARR applies (European artist selling above 1000 euros) 34%
25% BP 5% VAT (charged on the premium only) 4% ARR
UK registered companies can reclaim the VAT element Buyers outside the EU can request the VAT is removed from their invoice.
Hope that clarifies. Results are recorded at most auction houses as Hammer + BP = Realised Price Local taxes and ARR vary from location to location so recording in the manor above creates a level playing field for comparison.
Artsy have implemented some more rigorous identity checks to comply with AML legislation which is meaning registrations can take slightly longer. If you intend to bid please register early to allow for this, also if you have having trouble with the process please contact specialist@artsymail.com for assistance. Iโm told it works much better from a phone as opposed to the desktop site.
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F*X
New Member
Posts โข 556
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February 2009
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TateWard โข Art Auctions ๐ฌ๐ง, by F*X on Aug 24, 2020 8:40:28 GMT 1, Very slow going so far!
Banksquiat is currently at 50k
Very slow going so far!
Banksquiat is currently at 50k
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jp226
Junior Member
Posts โข 1,052
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July 2010
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TateWard โข Art Auctions ๐ฌ๐ง, by jp226 on Aug 24, 2020 17:25:28 GMT 1, Very slow going so far! Banksquiat is currently at 50k I've noticed the last few auctions to have Banksy works were slow and go until the day of.
Very slow going so far! Banksquiat is currently at 50k I've noticed the last few auctions to have Banksy works were slow and go until the day of.
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Phear Loathing
Junior Member
Posts โข 1,376
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October 2010
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TateWard โข Art Auctions ๐ฌ๐ง, by Phear Loathing on Aug 26, 2020 4:31:11 GMT 1, What did this go for?
What did this go for?
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Shoeless
Junior Member
Posts โข 1,105
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February 2011
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TateWard โข Art Auctions ๐ฌ๐ง, by Shoeless on Aug 26, 2020 5:10:11 GMT 1,
Auction actually ends on Thursday. Still at ยฃ50k with 3 bidders
Auction actually ends on Thursday. Still at ยฃ50k with 3 bidders
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Phear Loathing
Junior Member
Posts โข 1,376
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October 2010
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TateWard โข Art Auctions ๐ฌ๐ง, by Phear Loathing on Aug 26, 2020 5:37:45 GMT 1, Ahh oops!
Ahh oops!
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Winter
Junior Member
Posts โข 7,139
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March 2007
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TateWard โข Art Auctions ๐ฌ๐ง, by Winter on Aug 26, 2020 8:10:31 GMT 1, Very slow going so far! Banksquiat is currently at 50k
So who will be the sucker who forgets about the 30% premium and massively over pays for that one?
Very slow going so far! Banksquiat is currently at 50k So who will be the sucker who forgets about the 30% premium and massively over pays for that one?
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F*X
New Member
Posts โข 556
Likes โข 400
February 2009
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TateWard โข Art Auctions ๐ฌ๐ง, by F*X on Aug 26, 2020 10:50:24 GMT 1, Very slow going so far! Banksquiat is currently at 50k So who will be the sucker who forgets about the 30% premium and massively over pays for that one? 34% Inc ARR
Very slow going so far! Banksquiat is currently at 50k So who will be the sucker who forgets about the 30% premium and massively over pays for that one? 34% Inc ARR
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saint
Junior Member
Posts โข 4,887
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September 2010
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TateWard โข Art Auctions ๐ฌ๐ง, by saint on Aug 26, 2020 11:18:13 GMT 1, Monkey parliament poster currently at ยฃ4250..... World has gone cray cray.
Monkey parliament poster currently at ยฃ4250..... World has gone cray cray.
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Deleted
Posts โข 0
Likes โข
January 1970
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TateWard โข Art Auctions ๐ฌ๐ง, by Deleted on Aug 26, 2020 11:29:28 GMT 1, Very slow going so far! Banksquiat is currently at 50k So who will be the sucker who forgets about the 30% premium and massively over pays for that one? If you've got ยฃ50k plus to drop on a piece of art you'd hope you'd be wise to additional auction costs.
Given this is the first to come up for auction, couldn't really say any price would be overpaying, because we don't know what the benchmark is. This is setting the benchmark.
Very slow going so far! Banksquiat is currently at 50k So who will be the sucker who forgets about the 30% premium and massively over pays for that one? If you've got ยฃ50k plus to drop on a piece of art you'd hope you'd be wise to additional auction costs. Given this is the first to come up for auction, couldn't really say any price would be overpaying, because we don't know what the benchmark is. This is setting the benchmark.
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Lazarus II
Junior Member
Posts โข 1,801
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August 2019
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TateWard โข Art Auctions ๐ฌ๐ง, by Lazarus II on Aug 26, 2020 11:41:56 GMT 1, So who will be the sucker who forgets about the 30% premium and massively over pays for that one? If you've got ยฃ50k plus to drop on a piece of art you'd hope you'd be wise to additional auction costs. Given this is the first to come up for auction, couldn't really say any price would be overpaying, because we don't know what the benchmark is. This is setting the benchmark. whatever it sells for is likely to b a bargain or a good buy when looked at 12 mths from now.
So who will be the sucker who forgets about the 30% premium and massively over pays for that one? If you've got ยฃ50k plus to drop on a piece of art you'd hope you'd be wise to additional auction costs. Given this is the first to come up for auction, couldn't really say any price would be overpaying, because we don't know what the benchmark is. This is setting the benchmark. whatever it sells for is likely to b a bargain or a good buy when looked at 12 mths from now.
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Argiebaji
Junior Member
Posts โข 3,012
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June 2008
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TateWard โข Art Auctions ๐ฌ๐ง, by Argiebaji on Aug 26, 2020 11:50:15 GMT 1, I'm struggling to see current bids.
Am I the only one?
I'm struggling to see current bids.
Am I the only one?
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Graham H
Junior Member
Posts โข 2,300
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November 2012
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TateWard โข Art Auctions ๐ฌ๐ง, by Graham H on Aug 26, 2020 11:54:19 GMT 1, I would say its a massive risk in my opinion.. Seller will be fine with the cash, but what about the buyer
It appears clear that the rules of the game are changing rapidly, and whats to say that there will ever be a COA issued to this piece when the time comes on the back of it not being the original owner etc..
I just think its so unclear currently what may happen that someone spending ยฃ70k plus ( inc fees ) on this isnt 100% sure that it may be worth substantially less with no COA if that is what transpires.
Then again, it could all be fine and its worth ยฃ135k as already quoted just a few times in the year to come..and its happy days
If you've got ยฃ50k plus to drop on a piece of art you'd hope you'd be wise to additional auction costs. Given this is the first to come up for auction, couldn't really say any price would be overpaying, because we don't know what the benchmark is. This is setting the benchmark. whatever it sells for is likely to b a bargain or a good buy when looked at 12 mths from now.
I would say its a massive risk in my opinion.. Seller will be fine with the cash, but what about the buyer It appears clear that the rules of the game are changing rapidly, and whats to say that there will ever be a COA issued to this piece when the time comes on the back of it not being the original owner etc.. I just think its so unclear currently what may happen that someone spending ยฃ70k plus ( inc fees ) on this isnt 100% sure that it may be worth substantially less with no COA if that is what transpires. Then again, it could all be fine and its worth ยฃ135k as already quoted just a few times in the year to come..and its happy days If you've got ยฃ50k plus to drop on a piece of art you'd hope you'd be wise to additional auction costs. Given this is the first to come up for auction, couldn't really say any price would be overpaying, because we don't know what the benchmark is. This is setting the benchmark. whatever it sells for is likely to b a bargain or a good buy when looked at 12 mths from now.
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Winter
Junior Member
Posts โข 7,139
Likes โข 4,444
March 2007
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TateWard โข Art Auctions ๐ฌ๐ง, by Winter on Aug 26, 2020 11:58:58 GMT 1, If you've got ยฃ50k plus to drop on a piece of art you'd hope you'd be wise to additional auction costs. Given this is the first to come up for auction, couldn't really say any price would be overpaying, because we don't know what the benchmark is. This is setting the benchmark. whatever it sells for is likely to b a bargain or a good buy when looked at 12 mths from now. Not if they pay ยฃ120k. No way the other 599 prints will stay at that price when people start offloading them. It is quite possible you'll get 2 people getting carried away and massively overpaying for this. Choose Your Weapon would be a better benchmark for these. Obviously there are a lot of owners who will be hyping this one as much as possible.
If you've got ยฃ50k plus to drop on a piece of art you'd hope you'd be wise to additional auction costs. Given this is the first to come up for auction, couldn't really say any price would be overpaying, because we don't know what the benchmark is. This is setting the benchmark. whatever it sells for is likely to b a bargain or a good buy when looked at 12 mths from now. Not if they pay ยฃ120k. No way the other 599 prints will stay at that price when people start offloading them. It is quite possible you'll get 2 people getting carried away and massively overpaying for this. Choose Your Weapon would be a better benchmark for these. Obviously there are a lot of owners who will be hyping this one as much as possible.
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Deleted
Posts โข 0
Likes โข
January 1970
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TateWard โข Art Auctions ๐ฌ๐ง, by Deleted on Aug 26, 2020 12:01:40 GMT 1, U/S Silver Flags (average condition) already at ยฃ17k+ (inc fees.) Has this started to move ahead of prints like Napalm as the cheapest entry point?
U/S Silver Flags (average condition) already at ยฃ17k+ (inc fees.) Has this started to move ahead of prints like Napalm as the cheapest entry point?
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F*X
New Member
Posts โข 556
Likes โข 400
February 2009
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TateWard โข Art Auctions ๐ฌ๐ง, by F*X on Aug 26, 2020 12:07:33 GMT 1, I surprised to see 6 prints with no bids with just over a day remaining.
I surprised to see 6 prints with no bids with just over a day remaining.
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Matt
Junior Member
Posts โข 2,348
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September 2014
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TateWard โข Art Auctions ๐ฌ๐ง, by Matt on Aug 26, 2020 12:08:02 GMT 1, I would say its a massive risk in my opinion.. Seller will be fine with the cash, but what about the buyer It appears clear that the rules of the game are changing rapidly, and whats to say that there will ever be a COA issued to this piece when the time comes on the back of it not being the original owner etc..ย I just think its so unclear currently what may happen that someone spending ยฃ70k plus ( inc fees ) on this isnt 100% sure that it may be worth substantially less with no COA if that is what transpires. Then again, it could all be fine and its worth ยฃ135k as already quoted just a few times in the year to come..and its happy days whatever it sells for is likely to b a bargain or a good buy when looked at 12 mths from now.
Spot on
Additionally, assuming the COA will be transferred to the buyer is probably fine, but donโt forget this could also simply be a fake.
There was enough photos and details published about timelines, emails, packaging etc that it is not that hard to forge the whole thing and fling it through a lower tier auction house
I would say its a massive risk in my opinion.. Seller will be fine with the cash, but what about the buyer It appears clear that the rules of the game are changing rapidly, and whats to say that there will ever be a COA issued to this piece when the time comes on the back of it not being the original owner etc..ย I just think its so unclear currently what may happen that someone spending ยฃ70k plus ( inc fees ) on this isnt 100% sure that it may be worth substantially less with no COA if that is what transpires. Then again, it could all be fine and its worth ยฃ135k as already quoted just a few times in the year to come..and its happy days whatever it sells for is likely to b a bargain or a good buy when looked at 12 mths from now. Spot on Additionally, assuming the COA will be transferred to the buyer is probably fine, but donโt forget this could also simply be a fake. There was enough photos and details published about timelines, emails, packaging etc that it is not that hard to forge the whole thing and fling it through a lower tier auction house
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Dive Jedi
Junior Member
Posts โข 6,160
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October 2015
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TateWard โข Art Auctions ๐ฌ๐ง, by Dive Jedi on Aug 26, 2020 12:09:47 GMT 1, I would say its a massive risk in my opinion.. Seller will be fine with the cash, but what about the buyer It appears clear that the rules of the game are changing rapidly, and whats to say that there will ever be a COA issued to this piece when the time comes on the back of it not being the original owner etc.. I just think its so unclear currently what may happen that someone spending ยฃ70k plus ( inc fees ) on this isnt 100% sure that it may be worth substantially less with no COA if that is what transpires. Then again, it could all be fine and its worth ยฃ135k as already quoted just a few times in the year to come..and its happy days whatever it sells for is likely to b a bargain or a good buy when looked at 12 mths from now. I think a COA not being issued are slim to none. Reading the description on GDP it even appeared the COA will be issued automaticly without applying for one. And will be sent to the original adress of the original buyer.
Not issuing a COA will just create chaos in the market.
The only possible problem (IMO) that could occur will be that the original buyer does not provide the COA to the new owner. Or that he will demand more money before doing so. So there should be some very clear paperwork in place to make sure the COA will be provided once issued.
In the listing it says : "Pest Control Certificate Of Authenticity Pending, this will be forwarded to the buyer when received "
It would be in the interest of the auction house and the buyer to have some security in that....
I would say its a massive risk in my opinion.. Seller will be fine with the cash, but what about the buyer It appears clear that the rules of the game are changing rapidly, and whats to say that there will ever be a COA issued to this piece when the time comes on the back of it not being the original owner etc.. I just think its so unclear currently what may happen that someone spending ยฃ70k plus ( inc fees ) on this isnt 100% sure that it may be worth substantially less with no COA if that is what transpires. Then again, it could all be fine and its worth ยฃ135k as already quoted just a few times in the year to come..and its happy days whatever it sells for is likely to b a bargain or a good buy when looked at 12 mths from now. I think a COA not being issued are slim to none. Reading the description on GDP it even appeared the COA will be issued automaticly without applying for one. And will be sent to the original adress of the original buyer. Not issuing a COA will just create chaos in the market. The only possible problem (IMO) that could occur will be that the original buyer does not provide the COA to the new owner. Or that he will demand more money before doing so. So there should be some very clear paperwork in place to make sure the COA will be provided once issued. In the listing it says : "Pest Control Certificate Of Authenticity Pending, this will be forwarded to the buyer when received " It would be in the interest of the auction house and the buyer to have some security in that....
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JW
New Member
Posts โข 897
Likes โข 1,319
February 2011
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TateWard โข Art Auctions ๐ฌ๐ง, by JW on Aug 26, 2020 12:25:48 GMT 1, I think a COA not being issued are slim to none. Reading the description on GDP it even appeared the COA will be issued automaticly without applying for one. And will be sent to the original adress of the original buyer. Not issuing a COA will just create chaos in the market. I tend to agree. I know that the delay in issuing the COA is intended to discourage people buying from flippers, but why would Pest Control punish someone who's just spent a fortune on a legitimate print? It's the seller that's done the "wrong" thing in their eyes.
I think a COA not being issued are slim to none. Reading the description on GDP it even appeared the COA will be issued automaticly without applying for one. And will be sent to the original adress of the original buyer. Not issuing a COA will just create chaos in the market. I tend to agree. I know that the delay in issuing the COA is intended to discourage people buying from flippers, but why would Pest Control punish someone who's just spent a fortune on a legitimate print? It's the seller that's done the "wrong" thing in their eyes.
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sbash
New Member
Posts โข 333
Likes โข 385
September 2016
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TateWard โข Art Auctions ๐ฌ๐ง, by sbash on Aug 26, 2020 12:29:08 GMT 1, I would say its a massive risk in my opinion.. Seller will be fine with the cash, but what about the buyer It appears clear that the rules of the game are changing rapidly, and whats to say that there will ever be a COA issued to this piece when the time comes on the back of it not being the original owner etc.. I just think its so unclear currently what may happen that someone spending ยฃ70k plus ( inc fees ) on this isnt 100% sure that it may be worth substantially less with no COA if that is what transpires. Then again, it could all be fine and its worth ยฃ135k as already quoted just a few times in the year to come..and its happy days Spot on Additionally, assuming the COA will be transferred to the buyer is probably fine, but donโt forget this could also simply be a fake. There was enough photos and details published about timelines, emails, packaging etc that it is not that hard to forge the whole thing and fling it through a lower tier auction house Highly unlikely as there will be a clear email trail, receipts, packaging from FL etc etc....
I would say its a massive risk in my opinion.. Seller will be fine with the cash, but what about the buyer It appears clear that the rules of the game are changing rapidly, and whats to say that there will ever be a COA issued to this piece when the time comes on the back of it not being the original owner etc.. I just think its so unclear currently what may happen that someone spending ยฃ70k plus ( inc fees ) on this isnt 100% sure that it may be worth substantially less with no COA if that is what transpires. Then again, it could all be fine and its worth ยฃ135k as already quoted just a few times in the year to come..and its happy days Spot on Additionally, assuming the COA will be transferred to the buyer is probably fine, but donโt forget this could also simply be a fake. There was enough photos and details published about timelines, emails, packaging etc that it is not that hard to forge the whole thing and fling it through a lower tier auction house Highly unlikely as there will be a clear email trail, receipts, packaging from FL etc etc....
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teabaggins
New Member
Posts โข 930
Likes โข 1,559
November 2018
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TateWard โข Art Auctions ๐ฌ๐ง, by teabaggins on Aug 26, 2020 12:34:43 GMT 1, Auction actually ends on Thursday. Still at ยฃ50k with 3 bidders Already well overpriced.
Auction actually ends on Thursday. Still at ยฃ50k with 3 bidders Already well overpriced.
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iamzero
Full Member
Posts โข 9,190
Likes โข 8,542
May 2011
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TateWard โข Art Auctions ๐ฌ๐ง, by iamzero on Aug 26, 2020 12:36:12 GMT 1, Itโd be funny if not issuing the COA if the print were sold was part of the We will verify you are an art collector. Not likely though.
Itโd be funny if not issuing the COA if the print were sold was part of the We will verify you are an art collector. Not likely though.
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Graham H
Junior Member
Posts โข 2,300
Likes โข 2,416
November 2012
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TateWard โข Art Auctions ๐ฌ๐ง, by Graham H on Aug 26, 2020 12:46:02 GMT 1, Slim to none might be your thought.. but still not guaranteed and that was my point.. whichever way you look at this, there is a risk.. and that was what I was highlighting
I hadnt thought about the ongoing legalities of the seller actually producing the COA for the new buyer ( and what would happen if they dont ) .. and even if and when thats done, there is nothing to stop PC messing about in getting the transfer officially done for as long as they want.. its taking ages already.. so could potentially take years if they wanted to be like that
Saying that, not sure why im really thinking about all this, ive more than enough other things to think about and I wont be buying it.. so best I move on!
I would say its a massive risk in my opinion.. Seller will be fine with the cash, but what about the buyer It appears clear that the rules of the game are changing rapidly, and whats to say that there will ever be a COA issued to this piece when the time comes on the back of it not being the original owner etc.. I just think its so unclear currently what may happen that someone spending ยฃ70k plus ( inc fees ) on this isnt 100% sure that it may be worth substantially less with no COA if that is what transpires. Then again, it could all be fine and its worth ยฃ135k as already quoted just a few times in the year to come..and its happy days I think a COA not being issued are slim to none. Reading the description on GDP it even appeared the COA will be issued automaticly without applying for one. And will be sent to the original adress of the original buyer. Not issuing a COA will just create chaos in the market. The only possible problem (IMO) that could occur will be that the original buyer does not provide the COA to the new owner. Or that he will demand more money before doing so. So there should be some very clear paperwork in place to make sure the COA will be provided once issued. In the listing it says : "Pest Control Certificate Of Authenticity Pending, this will be forwarded to the buyer when received " It would be in the interest of the auction house and the buyer to have some security in that....
Slim to none might be your thought.. but still not guaranteed and that was my point.. whichever way you look at this, there is a risk.. and that was what I was highlighting I hadnt thought about the ongoing legalities of the seller actually producing the COA for the new buyer ( and what would happen if they dont ) .. and even if and when thats done, there is nothing to stop PC messing about in getting the transfer officially done for as long as they want.. its taking ages already.. so could potentially take years if they wanted to be like that Saying that, not sure why im really thinking about all this, ive more than enough other things to think about and I wont be buying it.. so best I move on! I would say its a massive risk in my opinion.. Seller will be fine with the cash, but what about the buyer It appears clear that the rules of the game are changing rapidly, and whats to say that there will ever be a COA issued to this piece when the time comes on the back of it not being the original owner etc.. I just think its so unclear currently what may happen that someone spending ยฃ70k plus ( inc fees ) on this isnt 100% sure that it may be worth substantially less with no COA if that is what transpires. Then again, it could all be fine and its worth ยฃ135k as already quoted just a few times in the year to come..and its happy days I think a COA not being issued are slim to none. Reading the description on GDP it even appeared the COA will be issued automaticly without applying for one. And will be sent to the original adress of the original buyer. Not issuing a COA will just create chaos in the market. The only possible problem (IMO) that could occur will be that the original buyer does not provide the COA to the new owner. Or that he will demand more money before doing so. So there should be some very clear paperwork in place to make sure the COA will be provided once issued. In the listing it says : "Pest Control Certificate Of Authenticity Pending, this will be forwarded to the buyer when received " It would be in the interest of the auction house and the buyer to have some security in that....
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Lazarus II
Junior Member
Posts โข 1,801
Likes โข 2,427
August 2019
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TateWard โข Art Auctions ๐ฌ๐ง, by Lazarus II on Aug 26, 2020 13:08:03 GMT 1, whatever it sells for is likely to b a bargain or a good buy when looked at 12 mths from now. Not if they pay ยฃ120k. No way the other 599 prints will stay at that price when people start offloading them. It is quite possible you'll get 2 people getting carried away and massively overpaying for this. Choose Your Weapon would be a better benchmark for these. Obviously there are a lot of owners who will be hyping this one as much as possible. aye you are probably right, didn't think on the edition size and the likelihood that a number who were lucky enough to get them will likely shift them on.
I don't own this print and at these prices it's unlikely I ever will.
whatever it sells for is likely to b a bargain or a good buy when looked at 12 mths from now. Not if they pay ยฃ120k. No way the other 599 prints will stay at that price when people start offloading them. It is quite possible you'll get 2 people getting carried away and massively overpaying for this. Choose Your Weapon would be a better benchmark for these. Obviously there are a lot of owners who will be hyping this one as much as possible. aye you are probably right, didn't think on the edition size and the likelihood that a number who were lucky enough to get them will likely shift them on. I don't own this print and at these prices it's unlikely I ever will.
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irl1
Full Member
Posts โข 9,274
Likes โข 9,380
December 2017
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TateWard โข Art Auctions ๐ฌ๐ง, by irl1 on Aug 26, 2020 13:12:19 GMT 1, I think a COA not being issued are slim to none. Reading the description on GDP it even appeared the COA will be issued automaticly without applying for one. And will be sent to the original adress of the original buyer. Not issuing a COA will just create chaos in the market. I tend to agree. I know that the delay in issuing the COA is intended to discourage people buying from flippers, but why would Pest Control punish someone who's just spent a fortune on a legitimate print? It's the seller that's done the "wrong" thing in their eyes. Anyone who really wants to bid on this will do their homework
Pest Control Certificate Of Authenticity Pending, this will be forwarded to the buyer when received
Further Provenance Information available on request
I think a COA not being issued are slim to none. Reading the description on GDP it even appeared the COA will be issued automaticly without applying for one. And will be sent to the original adress of the original buyer. Not issuing a COA will just create chaos in the market. I tend to agree. I know that the delay in issuing the COA is intended to discourage people buying from flippers, but why would Pest Control punish someone who's just spent a fortune on a legitimate print? It's the seller that's done the "wrong" thing in their eyes. Anyone who really wants to bid on this will do their homework Pest Control Certificate Of Authenticity Pending, this will be forwarded to the buyer when received Further Provenance Information available on request
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Deleted
Posts โข 0
Likes โข
January 1970
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TateWard โข Art Auctions ๐ฌ๐ง, by Deleted on Aug 26, 2020 13:14:24 GMT 1, I surprised to see 6 prints with no bids with just over a day remaining. Several of those have starting bids that are more than they've ever sold for. I know the market is moving fast, but when a colour Trolleys sold for ยฃ40,000, inc. fees, a week ago, i wouldn't be jumping on one that starts at roughly ยฃ60,000, inc. fees.
I surprised to see 6 prints with no bids with just over a day remaining. Several of those have starting bids that are more than they've ever sold for. I know the market is moving fast, but when a colour Trolleys sold for ยฃ40,000, inc. fees, a week ago, i wouldn't be jumping on one that starts at roughly ยฃ60,000, inc. fees.
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Deleted
Posts โข 0
Likes โข
January 1970
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TateWard โข Art Auctions ๐ฌ๐ง, by Deleted on Aug 26, 2020 13:17:27 GMT 1, whatever it sells for is likely to b a bargain or a good buy when looked at 12 mths from now. Not if they pay ยฃ120k. No way the other 599 prints will stay at that price when people start offloading them. It is quite possible you'll get 2 people getting carried away and massively overpaying for this. Choose Your Weapon would be a better benchmark for these. Obviously there are a lot of owners who will be hyping this one as much as possible. Still don't understand why it's thought this print has a massively higher value than pretty much any other. The number of Banksy prints over ยฃ100k is tiny.
whatever it sells for is likely to b a bargain or a good buy when looked at 12 mths from now. Not if they pay ยฃ120k. No way the other 599 prints will stay at that price when people start offloading them. It is quite possible you'll get 2 people getting carried away and massively overpaying for this. Choose Your Weapon would be a better benchmark for these. Obviously there are a lot of owners who will be hyping this one as much as possible. Still don't understand why it's thought this print has a massively higher value than pretty much any other. The number of Banksy prints over ยฃ100k is tiny.
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samo
Junior Member
Posts โข 1,503
Likes โข 1,199
October 2007
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TateWard โข Art Auctions ๐ฌ๐ง, by samo on Aug 26, 2020 13:25:45 GMT 1, I surprised to see 6 prints with no bids with just over a day remaining. Several of those have starting bids that are more than they've ever sold for. I know the market is moving fast, but when a colour Trolleys sold for ยฃ40,000, inc. fees, a week ago, i wouldn't be jumping on one that starts at roughly ยฃ60,000, inc. fees. This is not a regular colour Trolley Hunters but the Bethlehem Edition.
Tate Ward Auctions
Notes: This work is from the Bethlehem Edition of 28, originally only available in person in Bethlehem.
I surprised to see 6 prints with no bids with just over a day remaining. Several of those have starting bids that are more than they've ever sold for. I know the market is moving fast, but when a colour Trolleys sold for ยฃ40,000, inc. fees, a week ago, i wouldn't be jumping on one that starts at roughly ยฃ60,000, inc. fees. This is not a regular colour Trolley Hunters but the Bethlehem Edition.
Tate Ward Auctions
Notes: This work is from the Bethlehem Edition of 28, originally only available in person in Bethlehem.
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