bdr79
New Member
🗨️ 109
👍🏻 92
May 2015
|
VLH current value, by bdr79 on Mar 25, 2024 12:41:32 GMT 1, Morning all,
I hope everyone had a smashing weekend.
Just wanted some opinions on where you think current price is for a Very Little Helps.
I've looked at BanksyValue, but with no recent sales logged....I'm guessing any sales over the last year will have taken place outside of Auction.
Never framed. CoA.
Whats a realistic expectation for a private sale?
Thanks
Morning all,
I hope everyone had a smashing weekend.
Just wanted some opinions on where you think current price is for a Very Little Helps.
I've looked at BanksyValue, but with no recent sales logged....I'm guessing any sales over the last year will have taken place outside of Auction.
Never framed. CoA.
Whats a realistic expectation for a private sale?
Thanks
|
|
|
LJCal
Junior Member
🗨️ 2,984
👍🏻 4,523
December 2019
|
VLH current value, by LJCal on Mar 25, 2024 12:55:27 GMT 1, Yeah probably £25k
Yeah probably £25k
|
|
flingading
New Member
🗨️ 195
👍🏻 194
Member is Online
May 2021
|
VLH current value, by flingading on Mar 25, 2024 14:20:45 GMT 1, I was on the look out for one of these a little while back and the cheapest I could find was £27k. The one at Hang Up sold long ago and was told that's a website error. Circa £25k sounds about right. I don't think anyone is selling these for low 20's....yet.
I was on the look out for one of these a little while back and the cheapest I could find was £27k. The one at Hang Up sold long ago and was told that's a website error. Circa £25k sounds about right. I don't think anyone is selling these for low 20's....yet.
|
|
|
VLH current value, by Reggie on Mar 25, 2024 14:32:31 GMT 1, You'll not find one for sale at £25k. As a hammer price, none have gone that low in the last 4 or 5 year.
Very few come to the market, As a seller, I'd want closer to £30 private imo
You'll not find one for sale at £25k. As a hammer price, none have gone that low in the last 4 or 5 year.
Very few come to the market, As a seller, I'd want closer to £30 private imo
|
|
bdr79
New Member
🗨️ 109
👍🏻 92
May 2015
|
VLH current value, by bdr79 on Mar 25, 2024 17:34:28 GMT 1, Thanks Flingading, Fuzzy and LJ.
Appreciate your advice and input guys.
25-30 would seem to the ballpark.
Much appreciated
Thanks Flingading, Fuzzy and LJ. Appreciate your advice and input guys. 25-30 would seem to the ballpark. Much appreciated
|
|
|
Pafori
New Member
🗨️ 131
👍🏻 168
May 2017
|
|
|
Wanchope
Junior Member
🗨️ 1,499
👍🏻 1,319
February 2020
|
VLH current value, by Wanchope on Mar 25, 2024 19:36:38 GMT 1, Jesus 6 months! So it’s worth less than they are asking for sure right?
Jesus 6 months! So it’s worth less than they are asking for sure right?
|
|
LJCal
Junior Member
🗨️ 2,984
👍🏻 4,523
December 2019
|
VLH current value, by LJCal on Mar 25, 2024 21:45:01 GMT 1, You'll not find one for sale at £25k. As a hammer price, none have gone that low in the last 4 or 5 year. Very few come to the market, As a seller, I'd want closer to £30 private imo perhaps true but I don't think you'll find many buyers at £30k, and don't expect it will fly out the door at £25k.
You'll not find one for sale at £25k. As a hammer price, none have gone that low in the last 4 or 5 year. Very few come to the market, As a seller, I'd want closer to £30 private imo perhaps true but I don't think you'll find many buyers at £30k, and don't expect it will fly out the door at £25k.
|
|
|
VLH current value, by Fuzzyduck121 on Mar 25, 2024 22:18:46 GMT 1, There are examples sat at 25k
In my view a seller is gonna want 30k and a buyer right now is going to want to pay as close to 20k as possible
The rest as they say is in the art of the negotiation
In my view over the coming months and possibly years there will be more sellers than buyers so logic dictates prices have further to fall
I say this as a large collector of banksy
It’s not a bad thing unless you bought for silly money
Otherwise it’s an opportunity to trade and have more fun in the marketplace
There are examples sat at 25k
In my view a seller is gonna want 30k and a buyer right now is going to want to pay as close to 20k as possible
The rest as they say is in the art of the negotiation
In my view over the coming months and possibly years there will be more sellers than buyers so logic dictates prices have further to fall
I say this as a large collector of banksy
It’s not a bad thing unless you bought for silly money
Otherwise it’s an opportunity to trade and have more fun in the marketplace
|
|
Pafori
New Member
🗨️ 131
👍🏻 168
May 2017
|
VLH current value, by Pafori on Mar 26, 2024 0:12:22 GMT 1, There are examples sat at 25k In my view a seller is gonna want 30k and a buyer right now is going to want to pay as close to 20k as possible The rest as they say is in the art of the negotiation In my view over the coming months and possibly years there will be more sellers than buyers so logic dictates prices have further to fall I say this as a large collector of banksy It’s not a bad thing unless you bought for silly money Otherwise it’s an opportunity to trade and have more fun in the marketplace I like your analysis. Seems right!
One question: if we view the supply of Banksy prints as relatively fixed (unless Banksy starts releasing prints again), why would there be more sellers than buyers in the long run? Usually when supply is set, demand increases over time (and subsequently, price goes up).
Note: only Fragile, edition 50 (2022) has been released since 2019
There are examples sat at 25k In my view a seller is gonna want 30k and a buyer right now is going to want to pay as close to 20k as possible The rest as they say is in the art of the negotiation In my view over the coming months and possibly years there will be more sellers than buyers so logic dictates prices have further to fall I say this as a large collector of banksy It’s not a bad thing unless you bought for silly money Otherwise it’s an opportunity to trade and have more fun in the marketplace I like your analysis. Seems right! One question: if we view the supply of Banksy prints as relatively fixed (unless Banksy starts releasing prints again), why would there be more sellers than buyers in the long run? Usually when supply is set, demand increases over time (and subsequently, price goes up). Note: only Fragile, edition 50 (2022) has been released since 2019
|
|
|
VLH current value, by Handi on Mar 26, 2024 0:15:42 GMT 1, There are examples sat at 25k In my view a seller is gonna want 30k and a buyer right now is going to want to pay as close to 20k as possible The rest as they say is in the art of the negotiation In my view over the coming months and possibly years there will be more sellers than buyers so logic dictates prices have further to fall I say this as a large collector of banksy It’s not a bad thing unless you bought for silly money Otherwise it’s an opportunity to trade and have more fun in the marketplace I like your analysis. Seems right! One question: if we view the supply of Banksy prints as relatively fixed (unless Banksy starts releasing prints again), why would there be more sellers than buyers in the long run? Usually when supply is set, demand increases over time (and subsequently, price goes up). Note: only Fragile, edition 50 (2022) has been released since 2019 Note: there have actually been a couple more editions released since FrAgile - just they have gone to private buyers and VIPs.
There are examples sat at 25k In my view a seller is gonna want 30k and a buyer right now is going to want to pay as close to 20k as possible The rest as they say is in the art of the negotiation In my view over the coming months and possibly years there will be more sellers than buyers so logic dictates prices have further to fall I say this as a large collector of banksy It’s not a bad thing unless you bought for silly money Otherwise it’s an opportunity to trade and have more fun in the marketplace I like your analysis. Seems right! One question: if we view the supply of Banksy prints as relatively fixed (unless Banksy starts releasing prints again), why would there be more sellers than buyers in the long run? Usually when supply is set, demand increases over time (and subsequently, price goes up). Note: only Fragile, edition 50 (2022) has been released since 2019 Note: there have actually been a couple more editions released since FrAgile - just they have gone to private buyers and VIPs.
|
|
Pafori
New Member
🗨️ 131
👍🏻 168
May 2017
|
VLH current value, by Pafori on Mar 26, 2024 0:25:54 GMT 1, I like your analysis. Seems right! One question: if we view the supply of Banksy prints as relatively fixed (unless Banksy starts releasing prints again), why would there be more sellers than buyers in the long run? Usually when supply is set, demand increases over time (and subsequently, price goes up). Note: only Fragile, edition 50 (2022) has been released since 2019 Note: there have actually been a couple more editions released since FrAgile - just they have gone to private buyers and VIPs. Is it possible to elaborate on private placement editions since 2019?
I like your analysis. Seems right! One question: if we view the supply of Banksy prints as relatively fixed (unless Banksy starts releasing prints again), why would there be more sellers than buyers in the long run? Usually when supply is set, demand increases over time (and subsequently, price goes up). Note: only Fragile, edition 50 (2022) has been released since 2019 Note: there have actually been a couple more editions released since FrAgile - just they have gone to private buyers and VIPs. Is it possible to elaborate on private placement editions since 2019?
|
|
LJCal
Junior Member
🗨️ 2,984
👍🏻 4,523
December 2019
|
VLH current value, by LJCal on Mar 28, 2024 0:35:12 GMT 1, There are examples sat at 25k In my view a seller is gonna want 30k and a buyer right now is going to want to pay as close to 20k as possible The rest as they say is in the art of the negotiation In my view over the coming months and possibly years there will be more sellers than buyers so logic dictates prices have further to fall I say this as a large collector of banksy It’s not a bad thing unless you bought for silly money Otherwise it’s an opportunity to trade and have more fun in the marketplace I like your analysis. Seems right! One question: if we view the supply of Banksy prints as relatively fixed (unless Banksy starts releasing prints again), why would there be more sellers than buyers in the long run? Usually when supply is set, demand increases over time (and subsequently, price goes up). Note: only Fragile, edition 50 (2022) has been released since 2019 Why would demand increase over time? There are multiple factors impacting on demand, with art in particular what's hot today can soon be forgotten about tomorrow. And supply in and of itself doesn't have a perfect negative correlation with demand, plenty of artists can produce very limited quantities of work and struggle to sell a single painting.
There are examples sat at 25k In my view a seller is gonna want 30k and a buyer right now is going to want to pay as close to 20k as possible The rest as they say is in the art of the negotiation In my view over the coming months and possibly years there will be more sellers than buyers so logic dictates prices have further to fall I say this as a large collector of banksy It’s not a bad thing unless you bought for silly money Otherwise it’s an opportunity to trade and have more fun in the marketplace I like your analysis. Seems right! One question: if we view the supply of Banksy prints as relatively fixed (unless Banksy starts releasing prints again), why would there be more sellers than buyers in the long run? Usually when supply is set, demand increases over time (and subsequently, price goes up). Note: only Fragile, edition 50 (2022) has been released since 2019 Why would demand increase over time? There are multiple factors impacting on demand, with art in particular what's hot today can soon be forgotten about tomorrow. And supply in and of itself doesn't have a perfect negative correlation with demand, plenty of artists can produce very limited quantities of work and struggle to sell a single painting.
|
|
|
Pafori
New Member
🗨️ 131
👍🏻 168
May 2017
|
VLH current value, by Pafori on Mar 28, 2024 1:01:38 GMT 1, I like your analysis. Seems right! One question: if we view the supply of Banksy prints as relatively fixed (unless Banksy starts releasing prints again), why would there be more sellers than buyers in the long run? Usually when supply is set, demand increases over time (and subsequently, price goes up). Note: only Fragile, edition 50 (2022) has been released since 2019 Why would demand increase over time? There are multiple factors impacting on demand, with art in particular what's hot today can soon be forgotten about tomorrow. And supply in and of itself doesn't have a perfect negative correlation with demand, plenty of artists can produce very limited quantities of work and struggle to sell a single painting. I agree with what you're saying with regard to art demand in general. My statement was meant to be specific to Banksy, a truly unique artist, in the long run, thus minimizing economic forces that occur in shorter time frames.
I like your analysis. Seems right! One question: if we view the supply of Banksy prints as relatively fixed (unless Banksy starts releasing prints again), why would there be more sellers than buyers in the long run? Usually when supply is set, demand increases over time (and subsequently, price goes up). Note: only Fragile, edition 50 (2022) has been released since 2019 Why would demand increase over time? There are multiple factors impacting on demand, with art in particular what's hot today can soon be forgotten about tomorrow. And supply in and of itself doesn't have a perfect negative correlation with demand, plenty of artists can produce very limited quantities of work and struggle to sell a single painting. I agree with what you're saying with regard to art demand in general. My statement was meant to be specific to Banksy, a truly unique artist, in the long run, thus minimizing economic forces that occur in shorter time frames.
|
|
Deleted
🗨️ 0
👍🏻
January 1970
|
VLH current value, by Deleted on Mar 28, 2024 8:07:49 GMT 1, Why would demand increase over time? There are multiple factors impacting on demand, with art in particular what's hot today can soon be forgotten about tomorrow. And supply in and of itself doesn't have a perfect negative correlation with demand, plenty of artists can produce very limited quantities of work and struggle to sell a single painting. I agree with what you're saying with regard to art demand in general. My statement was meant to be specific to Banksy, a truly unique artist, in the long run, thus minimizing economic forces that occur in shorter time frames. As much demand as there is for Banksy, his commercially sold artwork is a commodity. Not a term I would imagine the artist being overly comfortable with but it's been a commodity for a long time. Commodities need good management to breath confidence into the market in order to perform well. The belief that those in charge are capable of making decisions that are in the best interest of both the artist and his market/investors. Former management proved themselves over many years and collectors/investors felt confident in them steering the market. They tried to keep volume off open market, they made sure collectors knew what was expected of them and they replied to messages they needed to reply to(even if it wasn't what you wanted to hear). They were concise and trusted. New management have yet to prove themselves. They direct everything to open market, collectors/investors don't have the same level of belief and they come across as ignorant and ill equipped to many collectors which causes confusion and worry. There's plenty of safer, less worrisome places to invest your kids inheritance. The Banksy experience can be enjoyed without risking money ie buy a WCP or print one off yourself. The former management were regarded as the adults/grown ups, taking care of the business end and the artist/helpers were the kids, left to be creative and not have to be involved in the money side. Nowadays it feels the grown ups have left and the kids have taken over. Prices are likely to drop more until there's confidence in the new management orthe artworks hit prices that make the risk worthwhile.If prices go low enough more volume of buyers will get involved. But that would likely be temporary until there's confidence in management of the market. He's a generational artist so long terms not a great issue. Management will either get better, be replaced/help brought in or they'll hit a wall. If things continue in the same vein, it's likely there will be more public lawsuits from collectors(which doesn't help with confidence ), increased complaints to Companies house/trading standards etc and they'll be closed involuntarily. Short term we are in rough seas and likely to stay there until management is sorted. As mentioned by @fuzzyduck that brings opportunity, it's only bad if you need to sell now. Long term it'll work itself out one way or the other. If you're in it for the long term, the next few years could be very good for those adding to their collection. The majority of the collectors from pre 2019 are still there, waiting and wanting to buy. The money's there, it's just not being spent on Banksy atm.The buyers haven't all disappeared. It's all about confidence.
Why would demand increase over time? There are multiple factors impacting on demand, with art in particular what's hot today can soon be forgotten about tomorrow. And supply in and of itself doesn't have a perfect negative correlation with demand, plenty of artists can produce very limited quantities of work and struggle to sell a single painting. I agree with what you're saying with regard to art demand in general. My statement was meant to be specific to Banksy, a truly unique artist, in the long run, thus minimizing economic forces that occur in shorter time frames. As much demand as there is for Banksy, his commercially sold artwork is a commodity. Not a term I would imagine the artist being overly comfortable with but it's been a commodity for a long time. Commodities need good management to breath confidence into the market in order to perform well. The belief that those in charge are capable of making decisions that are in the best interest of both the artist and his market/investors. Former management proved themselves over many years and collectors/investors felt confident in them steering the market. They tried to keep volume off open market, they made sure collectors knew what was expected of them and they replied to messages they needed to reply to(even if it wasn't what you wanted to hear). They were concise and trusted. New management have yet to prove themselves. They direct everything to open market, collectors/investors don't have the same level of belief and they come across as ignorant and ill equipped to many collectors which causes confusion and worry. There's plenty of safer, less worrisome places to invest your kids inheritance. The Banksy experience can be enjoyed without risking money ie buy a WCP or print one off yourself. The former management were regarded as the adults/grown ups, taking care of the business end and the artist/helpers were the kids, left to be creative and not have to be involved in the money side. Nowadays it feels the grown ups have left and the kids have taken over. Prices are likely to drop more until there's confidence in the new management orthe artworks hit prices that make the risk worthwhile.If prices go low enough more volume of buyers will get involved. But that would likely be temporary until there's confidence in management of the market. He's a generational artist so long terms not a great issue. Management will either get better, be replaced/help brought in or they'll hit a wall. If things continue in the same vein, it's likely there will be more public lawsuits from collectors(which doesn't help with confidence ), increased complaints to Companies house/trading standards etc and they'll be closed involuntarily. Short term we are in rough seas and likely to stay there until management is sorted. As mentioned by @fuzzyduck that brings opportunity, it's only bad if you need to sell now. Long term it'll work itself out one way or the other. If you're in it for the long term, the next few years could be very good for those adding to their collection. The majority of the collectors from pre 2019 are still there, waiting and wanting to buy. The money's there, it's just not being spent on Banksy atm.The buyers haven't all disappeared. It's all about confidence.
|
|
jp
New Member
🗨️ 431
👍🏻 504
September 2006
|
VLH current value, by jp on Mar 28, 2024 8:25:17 GMT 1, I agree with what you're saying with regard to art demand in general. My statement was meant to be specific to Banksy, a truly unique artist, in the long run, thus minimizing economic forces that occur in shorter time frames. As much demand as there is for Banksy, his commercially sold artwork is a commodity. Not a term I would imagine the artist being overly comfortable with but it's been a commodity for a long time. Commodities need good management to breath confidence into the market in order to perform well. The belief that those in charge are capable of making decisions that are in the best interest of both the artist and his market/investors. Former management proved themselves over many years and collectors/investors felt confident in them steering the market. They tried to keep volume off open market, they made sure collectors knew what was expected of them and they replied to messages they needed to reply to(even if it wasn't what you wanted to hear). They were concise and trusted. New management have yet to prove themselves. They direct everything to open market, collectors/investors don't have the same level of belief and they come across as ignorant and ill equipped to many collectors which causes confusion and worry. There's plenty of safer, less worrisome places to invest your kids inheritance. The Banksy experience can be enjoyed without risking money ie buy a WCP or print one off yourself. The former management were regarded as the adults/grown ups, taking care of the business end and the artist/helpers were the kids, left to be creative and not have to be involved in the money side. Nowadays it feels the grown ups have left and the kids have taken over. Prices are likely to drop more until there's confidence in the new management orthe artworks hit prices that make the risk worthwhile.If prices go low enough more volume of buyers will get involved. But that would likely be temporary until there's confidence in management of the market. He's a generational artist so long terms not a great issue. Management will either get better, be replaced/help brought in or they'll hit a wall. If things continue in the same vein, it's likely there will be more public lawsuits from collectors(which doesn't help with confidence ), increased complaints to Companies house/trading standards etc and they'll be closed involuntarily. Short term we are in rough seas and likely to stay there until management is sorted. As mentioned by @fuzzyduck that brings opportunity, it's only bad if you need to sell now. Long term it'll work itself out one way or the other. If you're in it for the long term, the next few years could be very good for those adding to their collection. The majority of the collectors from pre 2019 are still there, waiting and wanting to buy. The money's there, it's just not being spent on Banksy atm.The buyers haven't all disappeared. It's all about confidence. Whose shitty alt account is this?
I agree with what you're saying with regard to art demand in general. My statement was meant to be specific to Banksy, a truly unique artist, in the long run, thus minimizing economic forces that occur in shorter time frames. As much demand as there is for Banksy, his commercially sold artwork is a commodity. Not a term I would imagine the artist being overly comfortable with but it's been a commodity for a long time. Commodities need good management to breath confidence into the market in order to perform well. The belief that those in charge are capable of making decisions that are in the best interest of both the artist and his market/investors. Former management proved themselves over many years and collectors/investors felt confident in them steering the market. They tried to keep volume off open market, they made sure collectors knew what was expected of them and they replied to messages they needed to reply to(even if it wasn't what you wanted to hear). They were concise and trusted. New management have yet to prove themselves. They direct everything to open market, collectors/investors don't have the same level of belief and they come across as ignorant and ill equipped to many collectors which causes confusion and worry. There's plenty of safer, less worrisome places to invest your kids inheritance. The Banksy experience can be enjoyed without risking money ie buy a WCP or print one off yourself. The former management were regarded as the adults/grown ups, taking care of the business end and the artist/helpers were the kids, left to be creative and not have to be involved in the money side. Nowadays it feels the grown ups have left and the kids have taken over. Prices are likely to drop more until there's confidence in the new management orthe artworks hit prices that make the risk worthwhile.If prices go low enough more volume of buyers will get involved. But that would likely be temporary until there's confidence in management of the market. He's a generational artist so long terms not a great issue. Management will either get better, be replaced/help brought in or they'll hit a wall. If things continue in the same vein, it's likely there will be more public lawsuits from collectors(which doesn't help with confidence ), increased complaints to Companies house/trading standards etc and they'll be closed involuntarily. Short term we are in rough seas and likely to stay there until management is sorted. As mentioned by @fuzzyduck that brings opportunity, it's only bad if you need to sell now. Long term it'll work itself out one way or the other. If you're in it for the long term, the next few years could be very good for those adding to their collection. The majority of the collectors from pre 2019 are still there, waiting and wanting to buy. The money's there, it's just not being spent on Banksy atm.The buyers haven't all disappeared. It's all about confidence. Whose shitty alt account is this?
|
|
Deleted
🗨️ 0
👍🏻
January 1970
|
VLH current value, by Deleted on Mar 28, 2024 8:33:04 GMT 1, As much demand as there is for Banksy, his commercially sold artwork is a commodity. Not a term I would imagine the artist being overly comfortable with but it's been a commodity for a long time. Commodities need good management to breath confidence into the market in order to perform well. The belief that those in charge are capable of making decisions that are in the best interest of both the artist and his market/investors. Former management proved themselves over many years and collectors/investors felt confident in them steering the market. They tried to keep volume off open market, they made sure collectors knew what was expected of them and they replied to messages they needed to reply to(even if it wasn't what you wanted to hear). They were concise and trusted. New management have yet to prove themselves. They direct everything to open market, collectors/investors don't have the same level of belief and they come across as ignorant and ill equipped to many collectors which causes confusion and worry. There's plenty of safer, less worrisome places to invest your kids inheritance. The Banksy experience can be enjoyed without risking money ie buy a WCP or print one off yourself. The former management were regarded as the adults/grown ups, taking care of the business end and the artist/helpers were the kids, left to be creative and not have to be involved in the money side. Nowadays it feels the grown ups have left and the kids have taken over. Prices are likely to drop more until there's confidence in the new management orthe artworks hit prices that make the risk worthwhile.If prices go low enough more volume of buyers will get involved. But that would likely be temporary until there's confidence in management of the market. He's a generational artist so long terms not a great issue. Management will either get better, be replaced/help brought in or they'll hit a wall. If things continue in the same vein, it's likely there will be more public lawsuits from collectors(which doesn't help with confidence ), increased complaints to Companies house/trading standards etc and they'll be closed involuntarily. Short term we are in rough seas and likely to stay there until management is sorted. As mentioned by @fuzzyduck that brings opportunity, it's only bad if you need to sell now. Long term it'll work itself out one way or the other. If you're in it for the long term, the next few years could be very good for those adding to their collection. The majority of the collectors from pre 2019 are still there, waiting and wanting to buy. The money's there, it's just not being spent on Banksy atm.The buyers haven't all disappeared. It's all about confidence. Whose shitty alt account is this? That's a weak response. Maybe you have something more constructive to say? or maybe highlight the points you disagree with. It's my opinion, you're welcome to yours but put a bit of effort in. Personally I would prefer everyone's account was their real name, it would be interesting to see what's said by who then.
As much demand as there is for Banksy, his commercially sold artwork is a commodity. Not a term I would imagine the artist being overly comfortable with but it's been a commodity for a long time. Commodities need good management to breath confidence into the market in order to perform well. The belief that those in charge are capable of making decisions that are in the best interest of both the artist and his market/investors. Former management proved themselves over many years and collectors/investors felt confident in them steering the market. They tried to keep volume off open market, they made sure collectors knew what was expected of them and they replied to messages they needed to reply to(even if it wasn't what you wanted to hear). They were concise and trusted. New management have yet to prove themselves. They direct everything to open market, collectors/investors don't have the same level of belief and they come across as ignorant and ill equipped to many collectors which causes confusion and worry. There's plenty of safer, less worrisome places to invest your kids inheritance. The Banksy experience can be enjoyed without risking money ie buy a WCP or print one off yourself. The former management were regarded as the adults/grown ups, taking care of the business end and the artist/helpers were the kids, left to be creative and not have to be involved in the money side. Nowadays it feels the grown ups have left and the kids have taken over. Prices are likely to drop more until there's confidence in the new management orthe artworks hit prices that make the risk worthwhile.If prices go low enough more volume of buyers will get involved. But that would likely be temporary until there's confidence in management of the market. He's a generational artist so long terms not a great issue. Management will either get better, be replaced/help brought in or they'll hit a wall. If things continue in the same vein, it's likely there will be more public lawsuits from collectors(which doesn't help with confidence ), increased complaints to Companies house/trading standards etc and they'll be closed involuntarily. Short term we are in rough seas and likely to stay there until management is sorted. As mentioned by @fuzzyduck that brings opportunity, it's only bad if you need to sell now. Long term it'll work itself out one way or the other. If you're in it for the long term, the next few years could be very good for those adding to their collection. The majority of the collectors from pre 2019 are still there, waiting and wanting to buy. The money's there, it's just not being spent on Banksy atm.The buyers haven't all disappeared. It's all about confidence. Whose shitty alt account is this? That's a weak response. Maybe you have something more constructive to say? or maybe highlight the points you disagree with. It's my opinion, you're welcome to yours but put a bit of effort in. Personally I would prefer everyone's account was their real name, it would be interesting to see what's said by who then.
|
|