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Faile Canvas £25k / $35-40k, by snausages on Dec 3, 2008 16:18:42 GMT 1, Not my favorite canvas at all but if I had this kind of dosh I'd consider bidding.
Pretty big piece (64 inches) and the low estimate (probably reserve as well) for this size is almost realistic. Although imo I think it should be $25k low estimate because don't forget auction fees and VAT...
Christies, London, Dec 11
Not my favorite canvas at all but if I had this kind of dosh I'd consider bidding. Pretty big piece (64 inches) and the low estimate (probably reserve as well) for this size is almost realistic. Although imo I think it should be $25k low estimate because don't forget auction fees and VAT... Christies, London, Dec 11 |
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motor
Junior Member
🗨️ 1,839
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December 2006
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Faile Canvas £25k / $35-40k, by motor on Dec 3, 2008 16:32:46 GMT 1, That's a beauty (although not my favourite either).
I doubt it will go for the estimate - more like 2-3 times over it.
That's a beauty (although not my favourite either).
I doubt it will go for the estimate - more like 2-3 times over it.
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afroken
Junior Member
🗨️ 1,018
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February 2009
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Faile Canvas £25k / $35-40k, by afroken on Dec 3, 2008 16:49:22 GMT 1, This is the one that was on sale at Andipa for £100,000. I see it's no longer listed on their site.
The Andipa price was ridiculous, but this is a great piece, if it sells for £25k it confirms that Faile prices have halved in the last couple of months.
This is the one that was on sale at Andipa for £100,000. I see it's no longer listed on their site.
The Andipa price was ridiculous, but this is a great piece, if it sells for £25k it confirms that Faile prices have halved in the last couple of months.
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Faile Canvas £25k / $35-40k, by snausages on Dec 3, 2008 16:58:43 GMT 1, That's a beauty (although not my favourite either). I doubt it will go for the estimate - more like 2-3 times over it.
But Lazarides has 3 canvases of equal or greater size on their website for 50k (without the 25% premium) and I'm sure Laz has a number of things left over from the new show too. I'd prefer Laz's canvases if they were all the same price but that's just me.
Maybe if 2 people (oh say maybe Steve Laz and Andipa  ) really got locked in a bidding war it could go for 2-3 times but I'd bet it stays within it's estimates.
That's a beauty (although not my favourite either). I doubt it will go for the estimate - more like 2-3 times over it. But Lazarides has 3 canvases of equal or greater size on their website for 50k (without the 25% premium) and I'm sure Laz has a number of things left over from the new show too. I'd prefer Laz's canvases if they were all the same price but that's just me. Maybe if 2 people (oh say maybe Steve Laz and Andipa ) really got locked in a bidding war it could go for 2-3 times but I'd bet it stays within it's estimates. |
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RBK
Junior Member
🗨️ 2,925
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September 2006
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Faile Canvas £25k / $35-40k, by RBK on Dec 3, 2008 18:18:15 GMT 1, I bet it goes for 2 times. That's a big and beautiful piece.
I bet it goes for 2 times. That's a big and beautiful piece.
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Faile Canvas £25k / $35-40k, by iwouldfollow youanywhere on Dec 3, 2008 19:27:00 GMT 1, i have seen this in person.
it is spectacular.
i have seen this in person.
it is spectacular.
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Faile Canvas £25k / $35-40k, by fool4faile on Dec 3, 2008 19:55:27 GMT 1, isn't this the "golden ganesha" from the first laz- show with faile???
then it is FAILETASTIC!!!
isn't this the "golden ganesha" from the first laz- show with faile???
then it is FAILETASTIC!!!
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lee3
New Member
🗨️ 832
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November 2009
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Faile Canvas £25k / $35-40k, by lee3 on Dec 3, 2008 20:17:24 GMT 1, >>>it confirms that Faile prices have halved in the last couple of months<<<
most artists are off a good 40% since the october crash. I've seen some stuff down by 60% from where it traded a year ago. Pretty quick and severe correction.
>>>it confirms that Faile prices have halved in the last couple of months<<<
most artists are off a good 40% since the october crash. I've seen some stuff down by 60% from where it traded a year ago. Pretty quick and severe correction.
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Simococo
Junior Member
🗨️ 3,183
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April 2007
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Faile Canvas £25k / $35-40k, by Simococo on Dec 3, 2008 20:27:44 GMT 1, this will not go for 2 or 3 times the estimate
not a chance
this will not go for 2 or 3 times the estimate
not a chance
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Faile Canvas £25k / $35-40k, by mose on Dec 3, 2008 20:56:01 GMT 1, this will not go for 2 or 3 times the estimate not a chance
I agree. Would not be suprised to see it barely make its reserve. I think people seriously over-estimate Faile's collector base and under-estimate the impact of the current economic situation.
this will not go for 2 or 3 times the estimate not a chance I agree. Would not be suprised to see it barely make its reserve. I think people seriously over-estimate Faile's collector base and under-estimate the impact of the current economic situation. |
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Faile Canvas £25k / $35-40k, by Va Va Voom on Dec 3, 2008 21:36:23 GMT 1, This is a good looking canvas in the flesh, I would be very suprised if it didnt exceed the 25k even with the current economic situation.
This is a good looking canvas in the flesh, I would be very suprised if it didnt exceed the 25k even with the current economic situation.
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Faile Canvas £25k / $35-40k, by bobbymeachamjr on Dec 4, 2008 0:36:02 GMT 1, this will not go for 2 or 3 times the estimate not a chance I agree. Would not be suprised to see it barely make its reserve. I think people seriously over-estimate Faile's collector base and under-estimate the impact of the current economic situation.
Probably, but same can be said for every artist on this board...
this will not go for 2 or 3 times the estimate not a chance I agree. Would not be suprised to see it barely make its reserve. I think people seriously over-estimate Faile's collector base and under-estimate the impact of the current economic situation. Probably, but same can be said for every artist on this board... |
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Faile Canvas £25k / $35-40k, by mose on Dec 4, 2008 0:48:22 GMT 1, I agree. Would not be suprised to see it barely make its reserve. I think people seriously over-estimate Faile's collector base and under-estimate the impact of the current economic situation. Probably, but same can be said for every artist on this board...
absolutely. no argument there.
I agree. Would not be suprised to see it barely make its reserve. I think people seriously over-estimate Faile's collector base and under-estimate the impact of the current economic situation. Probably, but same can be said for every artist on this board... absolutely. no argument there. |
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Faile Canvas £25k / $35-40k, by snausages on Dec 12, 2008 5:30:56 GMT 1, So the Faile sold for exactly the low estimate/reserve £25k with auction fees that's £31k, seller takes home about £22.5k
christies.com/LotFinder/lot_details.aspx?from=searchresults&intObjectID=5163419
All in all an ok price for a decent and very large canvas. Would be nice to see laz and faile adjust their prices to reflect the current market but that's not likely to happen. But if I were able to get a 70 inch faile canvas for £25k from Laz I'd consider selling half my collection and getting one of these bad boys. But £50k, just too damn much money.
Of note is that this Banksy did not sell at all. I liked this one and thought the reserve wasn't too high considering some of the other OGs with really high estimates that came up. A 9 square foot original painting for $45k, not too bad.
christies.com/LotFinder/lot_details.aspx?from=searchresults&intObjectID=5163464
So the Faile sold for exactly the low estimate/reserve £25k with auction fees that's £31k, seller takes home about £22.5k christies.com/LotFinder/lot_details.aspx?from=searchresults&intObjectID=5163419All in all an ok price for a decent and very large canvas. Would be nice to see laz and faile adjust their prices to reflect the current market but that's not likely to happen. But if I were able to get a 70 inch faile canvas for £25k from Laz I'd consider selling half my collection and getting one of these bad boys. But £50k, just too damn much money. Of note is that this Banksy did not sell at all. I liked this one and thought the reserve wasn't too high considering some of the other OGs with really high estimates that came up. A 9 square foot original painting for $45k, not too bad. christies.com/LotFinder/lot_details.aspx?from=searchresults&intObjectID=5163464 |
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meatbag
New Member
🗨️ 951
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April 2007
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Faile Canvas £25k / $35-40k, by meatbag on Dec 12, 2008 6:22:38 GMT 1, Would be nice to see laz and faile adjust their prices to reflect the current market but that's not likely to happen.
def not... maybe a private sale discount if anything at all. Any sort of price correction could ultimately have an affect on every artist he represents. With the economy the way it is, this could simply be a bump in the road. But if it's not, then Laz may have a situation on his hands and would have to start buying up auction pieces in order to better control their market. I just don't see him letting 20K canvas's roll by without action.
Would be nice to see laz and faile adjust their prices to reflect the current market but that's not likely to happen. def not... maybe a private sale discount if anything at all. Any sort of price correction could ultimately have an affect on every artist he represents. With the economy the way it is, this could simply be a bump in the road. But if it's not, then Laz may have a situation on his hands and would have to start buying up auction pieces in order to better control their market. I just don't see him letting 20K canvas's roll by without action. |
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lee3
New Member
🗨️ 832
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November 2009
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Faile Canvas £25k / $35-40k, by lee3 on Dec 12, 2008 17:31:57 GMT 1, >>>Of note is that this Banksy did not sell at all. <<<
Someone had tipped me off that it was in poor condition. I took at a look at the condition report before the sale and sure enough, it noted a pair of large creases along the sides so this was not in pristine shape by any means though it looks ok in the photo.
>>>Of note is that this Banksy did not sell at all. <<<
Someone had tipped me off that it was in poor condition. I took at a look at the condition report before the sale and sure enough, it noted a pair of large creases along the sides so this was not in pristine shape by any means though it looks ok in the photo.
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RBK
Junior Member
🗨️ 2,925
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September 2006
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Faile Canvas £25k / $35-40k, by RBK on Dec 13, 2008 5:54:05 GMT 1, Well I stand corrected on my 'go for double' guess. Quite honestly a very good price for such a large & strong Faile canvas.
Well I stand corrected on my 'go for double' guess. Quite honestly a very good price for such a large & strong Faile canvas.
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) really got locked in a bidding war it could go for 2-3 times but I'd bet it stays within it's estimates.
