lollo88
New Member
Posts โข 962
Likes โข 694
January 2015
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Is the urban art market slowing down?, by lollo88 on Aug 30, 2022 12:55:41 GMT 1, Dear fellow art lovers,
I have been having this feeling lately that the urban art scene has been slowing down lately.
Is it just my impression, or is there really a downward slope in sales lately?
Dear fellow art lovers,
I have been having this feeling lately that the urban art scene has been slowing down lately.
Is it just my impression, or is there really a downward slope in sales lately?
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Is the urban art market slowing down?, by Daniel Silk on Aug 30, 2022 13:04:39 GMT 1, I think the costs of shipping art between countries has increased, making the costs of buying a bit off-putting. I think collectors might refocus onto artists within their own countries for more affordable art.
I think the costs of shipping art between countries has increased, making the costs of buying a bit off-putting. I think collectors might refocus onto artists within their own countries for more affordable art.
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lollo88
New Member
Posts โข 962
Likes โข 694
January 2015
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Is the urban art market slowing down?, by lollo88 on Aug 30, 2022 13:24:54 GMT 1, I think the costs of shipping art between countries has increased, making the costs of buying a bit off-putting. I think collectors might refocus onto artists within their own countries for more affordable art.
Also, a very large number of collectors are from the UK, and Brexit certainly didn't help the selling/buying process.
I think the costs of shipping art between countries has increased, making the costs of buying a bit off-putting. I think collectors might refocus onto artists within their own countries for more affordable art. You make a good point. Also, a very large number of collectors are from the UK, and Brexit certainly didn't help the selling/buying process. |
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Is the urban art market slowing down?, by Daniel Silk on Aug 30, 2022 13:43:52 GMT 1, Rather than SLOWED, I think the scene has just CHANGED a lot in the last 10 years, people have been looking at art much more Worldwide, and more varied styles. Also the buying and selling of art has changed, before you would buy from a Gallery or eBay, while now most artists sell direct from their own websites, and the auction houses are doing regular Urban Art Auctions, while they used to be just special events maybe once a year.
Rather than SLOWED, I think the scene has just CHANGED a lot in the last 10 years, people have been looking at art much more Worldwide, and more varied styles. Also the buying and selling of art has changed, before you would buy from a Gallery or eBay, while now most artists sell direct from their own websites, and the auction houses are doing regular Urban Art Auctions, while they used to be just special events maybe once a year.
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eD
New Member
Posts โข 280
Likes โข 286
June 2021
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Is the urban art market slowing down?, by eD on Aug 30, 2022 17:09:07 GMT 1, Agree that the market has evolved over the last few years - I dont see demand falling for popular artists and prices are as high as they ever were for new works. Maybe the slowdown on the Banksy market makes people think that the whole genre is effected but from what I see, thats not the case.
Agree that the market has evolved over the last few years - I dont see demand falling for popular artists and prices are as high as they ever were for new works. Maybe the slowdown on the Banksy market makes people think that the whole genre is effected but from what I see, thats not the case.
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Icesay
Junior Member
Posts โข 2,426
Likes โข 1,796
March 2010
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Is the urban art market slowing down?, by Icesay on Aug 30, 2022 18:50:16 GMT 1, Yes I think there is a slow down in some areas. Some artists are immune from the impact and others aren't. With the current economic situation ordinary people won't have the disposable cash to spunk on average art so flippers and investors will go for the sure thing. The few hundred dollar flippers will probably move to something else more essential.
Yes I think there is a slow down in some areas. Some artists are immune from the impact and others aren't. With the current economic situation ordinary people won't have the disposable cash to spunk on average art so flippers and investors will go for the sure thing. The few hundred dollar flippers will probably move to something else more essential.
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Is the urban art market slowing down?, by Jules Leotard on Aug 30, 2022 19:59:55 GMT 1, Dear fellow art lovers, I have been having this feeling lately that the urban art scene has been slowing down lately. Is it just my impression, or is there really a downward slope in sales lately? Its not just the Urban Art market slowing. Its every market. Real estate, commodities, the stock market, and those oddball investments I think of as the absurdities, yeah, you know the ones I am talking about.
When the amount of 'on paper' money shrinks, purchasing shrinks too.
I'm not dismissing brexit's impact, the bs in eastern europe, rumblings in asia, etc., but too many things are lining up at once, it could get a lot worse.
Couple all of that with everyone (in the art world) kicking out more work than usual and the people who have been snapping it up all liberated from their lockdowns for the summer and it all makes sense.
Dear fellow art lovers, I have been having this feeling lately that the urban art scene has been slowing down lately. Is it just my impression, or is there really a downward slope in sales lately? Its not just the Urban Art market slowing. Its every market. Real estate, commodities, the stock market, and those oddball investments I think of as the absurdities, yeah, you know the ones I am talking about.
When the amount of 'on paper' money shrinks, purchasing shrinks too.
I'm not dismissing brexit's impact, the bs in eastern europe, rumblings in asia, etc., but too many things are lining up at once, it could get a lot worse.
Couple all of that with everyone (in the art world) kicking out more work than usual and the people who have been snapping it up all liberated from their lockdowns for the summer and it all makes sense.
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Is the urban art market slowing down?, by Jeezuz Jones Snr on Aug 30, 2022 22:03:34 GMT 1, Yes it is slowing down and as Jules points above, all asset markets are slowing. Even housing in Australia is going down 2% monthly!. The more inflation worldwide continues to rise the more the assets fall.
My wife works for one of the big banks and investors are already working on their new pre approvals for adjusted rates ready to jump in and buy more houses. Same will happen with art, investors will jump in and start hoovering up banksys again as it's a safe bet long term due to authenticity is secure via pest control.
It's a lower level on this forum but lots of sales threads and discounted art likely over next 12 months. I had good will power ๐ and haven't bought for a while due to stupidly high prices being charged during covid and as Dan says crazy postage prices also. So I'm waiting to see what happens.
If inflation gets controlled quickly it may be a soft landing for economies? Well see..
Yes it is slowing down and as Jules points above, all asset markets are slowing. Even housing in Australia is going down 2% monthly!. The more inflation worldwide continues to rise the more the assets fall.
My wife works for one of the big banks and investors are already working on their new pre approvals for adjusted rates ready to jump in and buy more houses. Same will happen with art, investors will jump in and start hoovering up banksys again as it's a safe bet long term due to authenticity is secure via pest control.
It's a lower level on this forum but lots of sales threads and discounted art likely over next 12 months. I had good will power ๐ and haven't bought for a while due to stupidly high prices being charged during covid and as Dan says crazy postage prices also. So I'm waiting to see what happens.
If inflation gets controlled quickly it may be a soft landing for economies? Well see..
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orchid
Junior Member
Posts โข 1,451
Likes โข 1,139
May 2018
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Is the urban art market slowing down?, by orchid on Sept 6, 2022 14:54:15 GMT 1, Urban art has been a dying sector for a long time. In terms of contemporary/fine art, we are seeing the big 'at cost ' sell off just in the sale section online and various people getting rid of their hirsts, shrigleys etc via the usual brokers, what with the looming recession, inflation crisis caused by the Russian war and the high levels of borrowing after the pandemic primarily.
Urban art has been a dying sector for a long time. In terms of contemporary/fine art, we are seeing the big 'at cost ' sell off just in the sale section online and various people getting rid of their hirsts, shrigleys etc via the usual brokers, what with the looming recession, inflation crisis caused by the Russian war and the high levels of borrowing after the pandemic primarily.
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Is the urban art market slowing down?, by High Contrast on Sept 6, 2022 15:07:40 GMT 1, Urban art has been a dying sector for a long time. In terms of contemporary/fine art, we are seeing the big 'at cost ' sell off just in the sale section online and various people getting rid of their hirsts, shrigleys etc via the usual brokers, what with the looming recession, inflation crisis caused by the Russian war and the high levels of borrowing after the pandemic primarily.
will be a fight to get rid of cash.
Art market will be just fine.
just in a cycle.
hard to explain when you sold your Banksy works before the massive rise in 2020 and have been bearish ever since
Urban art has been a dying sector for a long time. In terms of contemporary/fine art, we are seeing the big 'at cost ' sell off just in the sale section online and various people getting rid of their hirsts, shrigleys etc via the usual brokers, what with the looming recession, inflation crisis caused by the Russian war and the high levels of borrowing after the pandemic primarily. Hard assets will rally - will be a fight to get rid of cash. Art market will be just fine. just in a cycle. hard to explain when you sold your Banksy works before the massive rise in 2020 and have been bearish ever since |
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Sunny Garcia
New Member
Posts โข 531
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April 2017
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Is the urban art market slowing down?, by Sunny Garcia on Sept 6, 2022 22:24:11 GMT 1, The art world (that I'm following anyways) is strong as ever. Massive queues to get access to anything I want. Repeatedly being told "nothing available"...great times ๐
The art world (that I'm following anyways) is strong as ever. Massive queues to get access to anything I want. Repeatedly being told "nothing available"...great times ๐
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orchid
Junior Member
Posts โข 1,451
Likes โข 1,139
May 2018
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Is the urban art market slowing down?, by orchid on Sept 6, 2022 22:35:55 GMT 1, A good indication will be the forthcoming a/w contemporary auctions from the big 3. At the moment there's a lot of paper hands. Banksy prints for example have been overpriced for many years.
A good indication will be the forthcoming a/w contemporary auctions from the big 3. At the moment there's a lot of paper hands. Banksy prints for example have been overpriced for many years.
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Pafori
New Member
Posts โข 100
Likes โข 122
May 2017
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Is the urban art market slowing down?, by Pafori on Sept 7, 2022 0:44:02 GMT 1, A good indication will be the forthcoming a/w contemporary auctions from the big 3. At the moment there's a lot of paper hands. Banksy prints for example have been overpriced for many years.
Supply of Banksy prints is stagnant (i.e., he's not producing any prints these day) and his work remains very popular. Most can't get access nor afford his originals.
In economics, when you have fixed supply and increasing demand, prices rise. Of course, we're in a worldwide economic downturn that is causing most assets to fall in value. The downturn will end at some point. Won't Banksy prints then rise again?
Perhaps I'm missing something ... happy to hear different perspectives.
A good indication will be the forthcoming a/w contemporary auctions from the big 3. At the moment there's a lot of paper hands. Banksy prints for example have been overpriced for many years. Are Banksy prints overpriced? Supply of Banksy prints is stagnant (i.e., he's not producing any prints these day) and his work remains very popular. Most can't get access nor afford his originals. In economics, when you have fixed supply and increasing demand, prices rise. Of course, we're in a worldwide economic downturn that is causing most assets to fall in value. The downturn will end at some point. Won't Banksy prints then rise again? Perhaps I'm missing something ... happy to hear different perspectives. |
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drbf
New Member
Posts โข 302
Likes โข 165
December 2017
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Is the urban art market slowing down?, by drbf on Sept 7, 2022 0:51:12 GMT 1, A good indication will be the forthcoming a/w contemporary auctions from the big 3. At the moment there's a lot of paper hands. Banksy prints for example have been overpriced for many years.
A good indication will be the forthcoming a/w contemporary auctions from the big 3. At the moment there's a lot of paper hands. Banksy prints for example have been overpriced for many years. I think a good indication of the market direction are the Warhol prices which have either maintained or increased in value over past few months. I agree, the Big Three auctions will be very telling. |
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Is the urban art market slowing down?, by Daniel Silk on Sept 7, 2022 1:02:01 GMT 1, Urban art has been a dying sector for a long time. In terms of contemporary/fine art, we are seeing the big 'at cost ' sell off just in the sale section online and various people getting rid of their hirsts, shrigleys etc via the usual brokers, what with the looming recession, inflation crisis caused by the Russian war and the high levels of borrowing after the pandemic primarily.
But those who are buying at release good quality pieces from up and coming artists in the 100-1,000 price range, then I would expect they are doing fine.
Those who have purchased at resale, and pieces that were already overpriced at release, are probably facing a hard time.
Urban art has been a dying sector for a long time. In terms of contemporary/fine art, we are seeing the big 'at cost ' sell off just in the sale section online and various people getting rid of their hirsts, shrigleys etc via the usual brokers, what with the looming recession, inflation crisis caused by the Russian war and the high levels of borrowing after the pandemic primarily. I think it largely depends on what they have been buying in the first place. Maybe investors who buy from release, and are paying in the thousands and tens of thousands, they are possibly selling at cost or even making a loss. But those who are buying at release good quality pieces from up and coming artists in the 100-1,000 price range, then I would expect they are doing fine. Those who have purchased at resale, and pieces that were already overpriced at release, are probably facing a hard time. |
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orchid
Junior Member
Posts โข 1,451
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May 2018
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