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Dreweatts Art Auctions π¬π§, by Daniel Silk on Jun 18, 2008 22:03:54 GMT 1, www.artinfo.com/news/story/27907/banksy-works-lead-london-urban-art-auction/
Banksy Works Lead London Urban Art Auction
LONDON - Two Banksy spray paintings sold above their estimates for Β£120,000 ($234,000) each at a London urban art sale last night, Bloomberg reports. The 146-lot sale was organized by U.K. regional auction house Dreweatts in an industrial space in east London, the first of its kind ever organized by a regional house. The two Banksy works, Laugh Now but One Day We'll Be in Charge and Bombing Middle England, exceeded their high estimates of Β£50,000 and Β£80,000, respectively.
The most highly valued work in the sale, an early freehand Banksy work entitled Portrait of an Artist, failed to sell against an estimate of Β£150β200,000. Other lots sold for smaller numbers, such as Nick Walker's Mood Board for Β£43,200. The sale, which brought in a total of Β£801,204 with fees β well within its Β£672β977,000 estimate β featured a large number of up-and-coming street artists from Banksy's home town of Bristol, many of whom donated the works directly to the auction themselves. For 22 of them, it was their first time at auction.
www.artinfo.com/news/story/27907/banksy-works-lead-london-urban-art-auction/Banksy Works Lead London Urban Art Auction LONDON - Two Banksy spray paintings sold above their estimates for Β£120,000 ($234,000) each at a London urban art sale last night, Bloomberg reports. The 146-lot sale was organized by U.K. regional auction house Dreweatts in an industrial space in east London, the first of its kind ever organized by a regional house. The two Banksy works, Laugh Now but One Day We'll Be in Charge and Bombing Middle England, exceeded their high estimates of Β£50,000 and Β£80,000, respectively. The most highly valued work in the sale, an early freehand Banksy work entitled Portrait of an Artist, failed to sell against an estimate of Β£150β200,000. Other lots sold for smaller numbers, such as Nick Walker's Mood Board for Β£43,200. The sale, which brought in a total of Β£801,204 with fees β well within its Β£672β977,000 estimate β featured a large number of up-and-coming street artists from Banksy's home town of Bristol, many of whom donated the works directly to the auction themselves. For 22 of them, it was their first time at auction.
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Cocteau 101
Junior Member
π¨οΈ 3,508
ππ» 1,227
January 2007
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Dreweatts Art Auctions π¬π§, by Cocteau 101 on Jun 18, 2008 22:49:05 GMT 1, ... Luc Price might be pleased but he certainly won't get carried away as an example, he's a level headed guy who is just into what he does as is Matt (SPQR). Lucs an Intelligent guy cocteau and his feet will remain firmly where they belong. 1st and formost luc is graff artist and his lifeblood is painting on walls. As is Sweet toof, Rowdy, Sickboy etc. No-one hits the streets harder than these guys and I say this as a regular poster. I'm in awe of those guys and so are the whole graff community.
Yeh thats what I said. I've spoken to Luc a few times and he is a down to earth lad who loves doing what he does mainly on the street. Good luck to him.
... Luc Price might be pleased but he certainly won't get carried away as an example, he's a level headed guy who is just into what he does as is Matt (SPQR). Lucs an Intelligent guy cocteau and his feet will remain firmly where they belong. 1st and formost luc is graff artist and his lifeblood is painting on walls. As is Sweet toof, Rowdy, Sickboy etc. No-one hits the streets harder than these guys and I say this as a regular poster. I'm in awe of those guys and so are the whole graff community. Yeh thats what I said. I've spoken to Luc a few times and he is a down to earth lad who loves doing what he does mainly on the street. Good luck to him. |
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Pattycakes
Junior Member
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June 2007
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Dreweatts Art Auctions π¬π§, by Pattycakes on Aug 14, 2008 15:46:01 GMT 1, It depends on what you're selling, and the value of it
It depends on what you're selling, and the value of it
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lee3
New Member
π¨οΈ 832
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November 2009
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Dreweatts Art Auctions π¬π§, by lee3 on Aug 14, 2008 16:36:04 GMT 1, >>> I have heard a few complaints about their system and people not being able to bid online<<<
That is certainly not true as i signed up with ease for the last auction and the bid button was very easy to click on if one wanted to, though i did not. Unfortunately, they get you coming and going with surcharges if you submit a bid online as i think they know you're just caught up in the moment. If you like something there i suggest an absentee bid (in fact i always prefer that to the phone or a paddle as it takes the emotion out of the equation).
As for Dreweatts in particular, they certainly have their fans at this site but imo it's too small of an auction house if you're' a seller of any quality. Personally, I would only use Sotheby's or Christie's because they reach FAR more eyeballs and much deeper pockets than any of the other houses for quality originals or prints.
I'd look to Christie's, Sotheby's, Bonham's, Pdp, and Bloomsbury (in that order) before Dreweatts but that's just me. And if those houses refuse you because they already have similar work then I would simply ask to consign yours to the next available auction.
>>> I have heard a few complaints about their system and people not being able to bid online<<<
That is certainly not true as i signed up with ease for the last auction and the bid button was very easy to click on if one wanted to, though i did not. Unfortunately, they get you coming and going with surcharges if you submit a bid online as i think they know you're just caught up in the moment. If you like something there i suggest an absentee bid (in fact i always prefer that to the phone or a paddle as it takes the emotion out of the equation).
As for Dreweatts in particular, they certainly have their fans at this site but imo it's too small of an auction house if you're' a seller of any quality. Personally, I would only use Sotheby's or Christie's because they reach FAR more eyeballs and much deeper pockets than any of the other houses for quality originals or prints.
I'd look to Christie's, Sotheby's, Bonham's, Pdp, and Bloomsbury (in that order) before Dreweatts but that's just me. And if those houses refuse you because they already have similar work then I would simply ask to consign yours to the next available auction.
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Ged
Artist
New Member
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February 2008
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Dreweatts Art Auctions π¬π§, by Ged on Aug 14, 2008 18:21:23 GMT 1, PM'd 
PM'd |
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LEVI C
Artist
New Member
π¨οΈ 387
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June 2008
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Dreweatts Art Auctions π¬π§, by LEVI C on Aug 14, 2008 19:52:39 GMT 1, over 100k - NOT recommended
under 50k - depends on artist/economic climate
Sorry not much help, but PM me if you want explanation behind opinion. Experiences from the Urban Art auction on June 17th.
cheers
over 100k - NOT recommended
under 50k - depends on artist/economic climate
Sorry not much help, but PM me if you want explanation behind opinion. Experiences from the Urban Art auction on June 17th.
cheers
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Heavyconsumer
Junior Member
π¨οΈ 4,974
ππ» 5
February 2008
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Dreweatts Art Auctions π¬π§, by Heavyconsumer on Aug 14, 2008 21:47:13 GMT 1, Even if your piece is not hugely valuable, Dreweatts will offer a decent discount on sellers premium (commission), if it interests them. I would guess that unless you had something very special, that they will beat the bigger houses on the commission rates to you as a seller. I was quoted 12.5% for the recent urban art sale plus a couple of small extras for catalogue listing and insurance. I felt the commissions were attractive, comparably. However Lee's almost certainly correct in suggesting that Christies, Sothebys and Bonhams are likely to put your piece in front of more buyers' eyeballs and probably that their buyers are likely to have deeper pockets. The attraction of Dreweatts at the time (for me) was that they were promoting the sale well (imo) and the commissions were good. Of course a better hammer price will negate having to pay the higher commissions. The people there were very approachable and professional, whereas I have found that the staff at Sothebys only get back to you if you're lucky or they're interested, which personally I found a bit pompous and off-putting. If I write someone an email I expect a reply of some kind, even if it's to say "no thank you." Good luck whatever you decide!
Even if your piece is not hugely valuable, Dreweatts will offer a decent discount on sellers premium (commission), if it interests them. I would guess that unless you had something very special, that they will beat the bigger houses on the commission rates to you as a seller. I was quoted 12.5% for the recent urban art sale plus a couple of small extras for catalogue listing and insurance. I felt the commissions were attractive, comparably. However Lee's almost certainly correct in suggesting that Christies, Sothebys and Bonhams are likely to put your piece in front of more buyers' eyeballs and probably that their buyers are likely to have deeper pockets. The attraction of Dreweatts at the time (for me) was that they were promoting the sale well (imo) and the commissions were good. Of course a better hammer price will negate having to pay the higher commissions. The people there were very approachable and professional, whereas I have found that the staff at Sothebys only get back to you if you're lucky or they're interested, which personally I found a bit pompous and off-putting. If I write someone an email I expect a reply of some kind, even if it's to say "no thank you." Good luck whatever you decide!
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Deleted
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January 1970
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Dreweatts Art Auctions π¬π§, by Deleted on Aug 14, 2008 22:23:45 GMT 1, hi Simon!
I've mixed experiences with dreweatts as a seller in last urban art auction on june 17th.
The whole story (gonna be a long one):
I had for sale the Adam Neate - after brasil 03 piece (still have). I mailed them if they were interested in the piece for putting it up for auction. i received response within an hour or two. They were very happy if they could list my piece and they estimated the piece on 25K-30K GBP. To convince me to choose for their auction they offered me a 10% vendors commission, which is very low in comparison to other auction houses. No other charges attached.
Off course I doubted about the high estimate, but I was realy into the money (was my first piece in an auction like this, unexperienced too). So I agreed on these terms.
1 month before the auction I received a mail that they would like to lower my estimate to 15K-25K GBP, they were convinced it would raise the hammer price eventually so I agreed.
Couple of days before the auction they told me they were concerned about my piece and would lower the estimate again, now to 10K-15K GBP. At this point I knew something was wrong. At the actual auction the piece left unsold, there was no possibility for internet biddings (really, something went wrong at thesaleroom.com I think).
Ok: what went wrong? Off course I'm the first one to blame, but I really think they should had to offer me to reject my piece from the auction when the final estimate was established. Split the costs made till that point or some other arrangement (be creative). I first agreed on a total different price range than eventually was reached.
The good thing: communication with Mary is better than communication on the forum here, she responds quickly and gives accurate answers. Really a great person to cooperate with! I don't know if their marketing was perfect or not but I've read very mixed oppinions about that.
They had a great sell with a lot of variety just like the next will be probably.
That's my experience, in the end a nice adventure but it cost me something about 600 euros in total in the end because I had to get the piece back from the UK to the Netherlands.
Succes with your decision!
Cheers,
jopkop
hi Simon!
I've mixed experiences with dreweatts as a seller in last urban art auction on june 17th.
The whole story (gonna be a long one):
I had for sale the Adam Neate - after brasil 03 piece (still have). I mailed them if they were interested in the piece for putting it up for auction. i received response within an hour or two. They were very happy if they could list my piece and they estimated the piece on 25K-30K GBP. To convince me to choose for their auction they offered me a 10% vendors commission, which is very low in comparison to other auction houses. No other charges attached.
Off course I doubted about the high estimate, but I was realy into the money (was my first piece in an auction like this, unexperienced too). So I agreed on these terms.
1 month before the auction I received a mail that they would like to lower my estimate to 15K-25K GBP, they were convinced it would raise the hammer price eventually so I agreed.
Couple of days before the auction they told me they were concerned about my piece and would lower the estimate again, now to 10K-15K GBP. At this point I knew something was wrong. At the actual auction the piece left unsold, there was no possibility for internet biddings (really, something went wrong at thesaleroom.com I think).
Ok: what went wrong? Off course I'm the first one to blame, but I really think they should had to offer me to reject my piece from the auction when the final estimate was established. Split the costs made till that point or some other arrangement (be creative). I first agreed on a total different price range than eventually was reached.
The good thing: communication with Mary is better than communication on the forum here, she responds quickly and gives accurate answers. Really a great person to cooperate with! I don't know if their marketing was perfect or not but I've read very mixed oppinions about that.
They had a great sell with a lot of variety just like the next will be probably.
That's my experience, in the end a nice adventure but it cost me something about 600 euros in total in the end because I had to get the piece back from the UK to the Netherlands.
Succes with your decision!
Cheers,
jopkop
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Dreweatts Art Auctions π¬π§, by stillborncrisps on Aug 14, 2008 22:44:42 GMT 1, There was a guy on here who was selling a DFace in the last auction, and felt he got shafted by Dreweatts who accepted a bid /after/ the hammer had gone down coz the auctioneer 'hadn't seen the bidder'.
Will have a rootle round for the thread.
There was a guy on here who was selling a DFace in the last auction, and felt he got shafted by Dreweatts who accepted a bid /after/ the hammer had gone down coz the auctioneer 'hadn't seen the bidder'.
Will have a rootle round for the thread.
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lee3
New Member
π¨οΈ 832
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November 2009
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Dreweatts Art Auctions π¬π§, by lee3 on Aug 14, 2008 22:52:32 GMT 1, >>> To convince me to choose for their auction they offered me a 10% vendors commission, which is very low in comparison to other auction houses. No other charges attached.
<<<
Christie's and Sotheby's both start their seller's fees at 10% and discount from there based upon the dollar amount of the work you are consigning. Most will waive shipping, photography/printing, and insurance (or split insurance). Sellers should also make sure that there are no buy in fees. From where I sit, 10-15% sellers fees are highway robbery and even a modest consignment should get to 8% with ease. Also consider, that many houses have upped the buyer's premium from 20 to 25% on the first 100k within the last year too which boosts their bottom line.
>>>Off course I doubted about the high estimate, but I was realy into the money (was my first piece in an auction like this, unexperienced too). So I agreed on these terms.
1 month before the auction I received a mail that they would like to lower my estimate to 15K-25K GBP, they were convinced it would raise the hammer price eventually so I agreed.
Couple of days before the auction they told me they were concerned about my piece and would lower the estimate again, now to 10K-15K GBP. At this point I knew something was wrong<<<
To be fair here, this is a business. Their job is to get work to sell so they want you enticed to put it with them for sale. Once you've signed the contract, you both have similar goals and that is to get a sale. Every auction house has the same incentive to have a very low estimate so that a sale is made. And there is a lot of truth in the notion that a teaser estimate gets more people excited and could well end up increasing the price that the work eventually sells for as you get more people emotionally attached to the idea that they could possibly own said work.
Any auction house is going to get an "indication of interest" to the seller from the preview and it is their job to communicate with you their expectations of buyer interest. They judge who's asking for condition reports as well as the absentee bids and it's their job to come to you legitamtely if they feel you should lower your reserve. You don't have to but they're doing the right thing in that case. Likewise as a buyer, you can speak with the sales department and get their indication of interest to guage where you may submit an absentee bid. They are happy to share this information with you because it only increases the opportunity that a piece will be sold. I've been delighted over the years buying at acution and routinely submit absentee bids and probably 75% of them get run over. I guess I had plenty of years of looking at results thinking to myself "I would have paid that." So, now I submit when I see something I would want at a price I would be delighted to own it. True happiness is calling the acution house and finding out you won something for 20-30% less than your absentee bid.
>>> To convince me to choose for their auction they offered me a 10% vendors commission, which is very low in comparison to other auction houses. No other charges attached.
<<<
Christie's and Sotheby's both start their seller's fees at 10% and discount from there based upon the dollar amount of the work you are consigning. Most will waive shipping, photography/printing, and insurance (or split insurance). Sellers should also make sure that there are no buy in fees. From where I sit, 10-15% sellers fees are highway robbery and even a modest consignment should get to 8% with ease. Also consider, that many houses have upped the buyer's premium from 20 to 25% on the first 100k within the last year too which boosts their bottom line.
>>>Off course I doubted about the high estimate, but I was realy into the money (was my first piece in an auction like this, unexperienced too). So I agreed on these terms.
1 month before the auction I received a mail that they would like to lower my estimate to 15K-25K GBP, they were convinced it would raise the hammer price eventually so I agreed.
Couple of days before the auction they told me they were concerned about my piece and would lower the estimate again, now to 10K-15K GBP. At this point I knew something was wrong<<<
To be fair here, this is a business. Their job is to get work to sell so they want you enticed to put it with them for sale. Once you've signed the contract, you both have similar goals and that is to get a sale. Every auction house has the same incentive to have a very low estimate so that a sale is made. And there is a lot of truth in the notion that a teaser estimate gets more people excited and could well end up increasing the price that the work eventually sells for as you get more people emotionally attached to the idea that they could possibly own said work.
Any auction house is going to get an "indication of interest" to the seller from the preview and it is their job to communicate with you their expectations of buyer interest. They judge who's asking for condition reports as well as the absentee bids and it's their job to come to you legitamtely if they feel you should lower your reserve. You don't have to but they're doing the right thing in that case. Likewise as a buyer, you can speak with the sales department and get their indication of interest to guage where you may submit an absentee bid. They are happy to share this information with you because it only increases the opportunity that a piece will be sold. I've been delighted over the years buying at acution and routinely submit absentee bids and probably 75% of them get run over. I guess I had plenty of years of looking at results thinking to myself "I would have paid that." So, now I submit when I see something I would want at a price I would be delighted to own it. True happiness is calling the acution house and finding out you won something for 20-30% less than your absentee bid.
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Dreweatts Art Auctions π¬π§, by onemandown72 on Aug 14, 2008 22:54:16 GMT 1, If you do decide to place with Dreweatts, or any auction house, I cannot stress how important you go into this with a fairly good idea of current market value. This will really help in setting the estimate with the auction house, and therefore allow you to not only manage you're expectations - but also ensure that you give your piece every chance to sell. Without this knowledge you're going to be at such a disadvantage when discussing the sale. Ultimately the auction house want a sale, and so all info that you can bring to them will only help. I would also say that with Dreweatts this is a new area for them and so they will be a little shaky on estimates (this you can see from the last auction & also I know of at least one other person who was quoted some strange estimates that he could question).
Negotiate on commissions, catalogue fees and transport as nothing is fixed. It may be cheaper for you to drop off than to be collected, and consider insurance, check if they charge a surcharge for the work to be insured in their care. You may find that you are already covered on your own insurance policies so would be effectively paying for this twice.
If you do decide to place with Dreweatts, or any auction house, I cannot stress how important you go into this with a fairly good idea of current market value. This will really help in setting the estimate with the auction house, and therefore allow you to not only manage you're expectations - but also ensure that you give your piece every chance to sell. Without this knowledge you're going to be at such a disadvantage when discussing the sale. Ultimately the auction house want a sale, and so all info that you can bring to them will only help. I would also say that with Dreweatts this is a new area for them and so they will be a little shaky on estimates (this you can see from the last auction & also I know of at least one other person who was quoted some strange estimates that he could question).
Negotiate on commissions, catalogue fees and transport as nothing is fixed. It may be cheaper for you to drop off than to be collected, and consider insurance, check if they charge a surcharge for the work to be insured in their care. You may find that you are already covered on your own insurance policies so would be effectively paying for this twice.
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Pattycakes
Junior Member
π¨οΈ 1,379
ππ» 423
June 2007
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Dreweatts Art Auctions π¬π§, by Pattycakes on Aug 14, 2008 22:59:33 GMT 1, I'd go with Bloomsbury or Bonham's any day over Drewweatts, I have only heard bad things about D-N and they really don't have the experts to do the job properly. I've sold and bought with pretty much every auction house in London, and frankly in terms of a deal on vendors commission Bloomsbury is the best, but their strength is prints. Bonham's have a much better reach for paintings, but if they've turned you down then Bloomsbury would be my choice.
I'd go with Bloomsbury or Bonham's any day over Drewweatts, I have only heard bad things about D-N and they really don't have the experts to do the job properly. I've sold and bought with pretty much every auction house in London, and frankly in terms of a deal on vendors commission Bloomsbury is the best, but their strength is prints. Bonham's have a much better reach for paintings, but if they've turned you down then Bloomsbury would be my choice.
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Deleted
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January 1970
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Dreweatts Art Auctions π¬π§, by Deleted on Aug 14, 2008 23:04:15 GMT 1, thank you onemandown and lee3, I must say my experience is that auction houses try to let you sign a 20% vendors commission, but I must say I'm not so experienced. Looking back I'm sure I could have done things better, hopefully Simon doesn't makes the mistakes I did and does a better market research etc. So for me and other less experienced sellers threats like this are great! hopefully more people share their storys and tips!
thank you onemandown and lee3, I must say my experience is that auction houses try to let you sign a 20% vendors commission, but I must say I'm not so experienced. Looking back I'm sure I could have done things better, hopefully Simon doesn't makes the mistakes I did and does a better market research etc. So for me and other less experienced sellers threats like this are great! hopefully more people share their storys and tips!
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Dreweatts Art Auctions π¬π§, by orangematt on Aug 14, 2008 23:25:10 GMT 1, Well for what its worth , i got nothing bad to say about Dreweatts.
I thought they promoted their auction excellently . put on three blindingly good shows with the pieces that were going under the hammer . Mary was always available to help with questions . everything was dealt with very professionally .
Its true there were a couple o hiccups with the auctioneers. hammer going down and then noticing bids so accepting them .. and i saw at least one person who was hand half way up when the bidding closed so potentially missed out on slightly higher price .and the internet suffering a 'lag' so some bids didn't have time to get through !!! I think these were issues with the sheer number of lots to get through - something that has been rectified for the next auction !
The rates i felt were very good - definitely better than going through a gallery .
that is my view anyhows
Well for what its worth , i got nothing bad to say about Dreweatts. I thought they promoted their auction excellently . put on three blindingly good shows with the pieces that were going under the hammer . Mary was always available to help with questions . everything was dealt with very professionally . Its true there were a couple o hiccups with the auctioneers. hammer going down and then noticing bids so accepting them .. and i saw at least one person who was hand half way up when the bidding closed so potentially missed out on slightly higher price .and the internet suffering a 'lag' so some bids didn't have time to get through !!! I think these were issues with the sheer number of lots to get through - something that has been rectified for the next auction ! The rates i felt were very good - definitely better than going through a gallery . that is my view anyhows |
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Dreweatts Art Auctions π¬π§, by griffermans on Aug 15, 2008 9:41:16 GMT 1, There are full for the next auction anyway so I wouldn't worry about it till next year!
There are full for the next auction anyway so I wouldn't worry about it till next year!
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Dreweatts Art Auctions π¬π§, by orangematt on Aug 15, 2008 11:50:08 GMT 1, around 144 lots last time - i heard 80ish this time !!!
around 144 lots last time - i heard 80ish this time !!!
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loucastel
Junior Member
π¨οΈ 1,551
ππ» 53
October 2007
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Dreweatts Art Auctions π¬π§, by loucastel on Aug 15, 2008 12:18:17 GMT 1, There was a guy on here who was selling a DFace in the last auction, and felt he got shafted by Dreweatts who accepted a bid /after/ the hammer had gone down coz the auctioneer 'hadn't seen the bidder'. Will have a rootle round for the thread.
Dont really understand this, as the auctioneer at the beginning did state that if he missed any bidders he would continue the sale, but if the person was seling, I dont see how he was shafted, as with another bid he would get more money.
I have sold work with Bonhams in New York, and have nothing but praise for them, never met such helpful people, highly recommended, dont know what Bonhams Uk are like though!!
There was a guy on here who was selling a DFace in the last auction, and felt he got shafted by Dreweatts who accepted a bid /after/ the hammer had gone down coz the auctioneer 'hadn't seen the bidder'. Will have a rootle round for the thread. Dont really understand this, as the auctioneer at the beginning did state that if he missed any bidders he would continue the sale, but if the person was seling, I dont see how he was shafted, as with another bid he would get more money. I have sold work with Bonhams in New York, and have nothing but praise for them, never met such helpful people, highly recommended, dont know what Bonhams Uk are like though!! |
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Dreweatts Art Auctions π¬π§, by angel41 on Aug 15, 2008 12:29:16 GMT 1, They've changed the date for submissions from 31st August to the 15th August all of a sudden so you may be too late, so like griffermans says, something to ponder next year.
They've changed the date for submissions from 31st August to the 15th August all of a sudden so you may be too late, so like griffermans says, something to ponder next year.
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Deleted
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January 1970
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Dreweatts Art Auctions π¬π§, by Deleted on Aug 15, 2008 13:41:11 GMT 1,
I dont understand the problem?, if you set your reserve at 10k, nobody else wanted to bid in the room so it went for just over estimate? is that right?, do you mean you should have put a higher reserve on it? but if so then it still would have gone to the phone bidder at just over estimate as nobody else was bidding. What Andipa had it for sale at should have no bearing on what was paid at auction for it should it?.
I dont understand the problem?, if you set your reserve at 10k, nobody else wanted to bid in the room so it went for just over estimate? is that right?, do you mean you should have put a higher reserve on it? but if so then it still would have gone to the phone bidder at just over estimate as nobody else was bidding. What Andipa had it for sale at should have no bearing on what was paid at auction for it should it?. |
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Graffiti Prints
Art Gallery
Junior Member
π¨οΈ 1,245
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December 2006
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Dreweatts Art Auctions π¬π§, by Graffiti Prints on Aug 15, 2008 13:49:21 GMT 1, i found it funny bidder at the back had the balls to shout at auctioneer that he wanted to bid then only bid once at 10k, if u prepared to shout out it would mean u really want it but you not prepared to bid again at 10.4k.
anyway i found it fishy but I'm over it, banked the money and i have moved on and will put it down as an experience.
i found it funny bidder at the back had the balls to shout at auctioneer that he wanted to bid then only bid once at 10k, if u prepared to shout out it would mean u really want it but you not prepared to bid again at 10.4k.
anyway i found it fishy but I'm over it, banked the money and i have moved on and will put it down as an experience.
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Deleted
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January 1970
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Dreweatts Art Auctions π¬π§, by Deleted on Aug 15, 2008 13:51:40 GMT 1, Who knows? thats auctions!.
Who knows? thats auctions!.
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Dreweatts Art Auctions π¬π§, by graeme501 on Aug 15, 2008 14:09:08 GMT 1, any1 had any dealings with lyon and turnbull ?
i have two pieces in their upcoming comtempoary auction in pall mall, the guy who runs it seems very clue'd up, good reasonalble estimates and reserves, and only charge 10% commission
apparently it will b a big'un, banksy originals, one of my prints is the cheapest thing in the auction at Β£1000-Β£1500
any1 had any dealings with lyon and turnbull ?
i have two pieces in their upcoming comtempoary auction in pall mall, the guy who runs it seems very clue'd up, good reasonalble estimates and reserves, and only charge 10% commission
apparently it will b a big'un, banksy originals, one of my prints is the cheapest thing in the auction at Β£1000-Β£1500
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Dreweatts Art Auctions π¬π§, by onemandown72 on Aug 15, 2008 18:20:23 GMT 1,
Or maybe you feel foolish for not having offered it to Andipa prior to auction.
Ultimately if you were happy with the price at auction then that is all that should matter.
I'm sure many have similar stories in this vein, for example the reverse happened with myself, I sold a piece via a gallery on a Friday, the following Tuesday 2 similar piece's by same artist sold for Β£24K more. Was I p*ssed off, no as I was happy with the price that the gallery achieved for me, and it was my decision to sell.
No one has a crystal ball and greed at what might have been will only eat you up
Or maybe you feel foolish for not having offered it to Andipa prior to auction. Ultimately if you were happy with the price at auction then that is all that should matter. I'm sure many have similar stories in this vein, for example the reverse happened with myself, I sold a piece via a gallery on a Friday, the following Tuesday 2 similar piece's by same artist sold for Β£24K more. Was I p*ssed off, no as I was happy with the price that the gallery achieved for me, and it was my decision to sell. No one has a crystal ball and greed at what might have been will only eat you up |
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Dreweatts Art Auctions π¬π§, by graeme501 on Aug 15, 2008 18:27:12 GMT 1, there is a massive difference between selling art through the forum (around about market price) auction houses (above market price) and big galleries (well above market price)
this is because the auction houses attract big buyers, and the galleries such as anpidia have a client list of the big hitters, so i wouldnt be pissed off that it was onsale at anpidia, as the piece stuggled to achieve Β£10k at auction, but it still sold above its reserve
anpidia can charge Β£25k, because they can, and will sell it at that, where as the average guy cannot get anywhere near that amount
there is a massive difference between selling art through the forum (around about market price) auction houses (above market price) and big galleries (well above market price)
this is because the auction houses attract big buyers, and the galleries such as anpidia have a client list of the big hitters, so i wouldnt be pissed off that it was onsale at anpidia, as the piece stuggled to achieve Β£10k at auction, but it still sold above its reserve
anpidia can charge Β£25k, because they can, and will sell it at that, where as the average guy cannot get anywhere near that amount
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yapsey
Junior Member
π¨οΈ 1,217
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November 2007
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Dreweatts Art Auctions π¬π§, by yapsey on Aug 15, 2008 20:32:35 GMT 1, Dreweatts are great - professional and polished.
i've sold a number of things through them and have never been disappointed.
Dreweatts are great - professional and polished.
i've sold a number of things through them and have never been disappointed.
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Dreweatts Art Auctions π¬π§, by stillborncrisps on Aug 16, 2008 1:25:05 GMT 1, Dont really understand this, as the auctioneer at the beginning did state that if he missed any bidders he would continue the sale...
Is that a usual thing to do at a professional auction house though? Continue bids after the hammer has fallen?
I've not heard of it before, but then I've only been to a handful of auctions.
Dont really understand this, as the auctioneer at the beginning did state that if he missed any bidders he would continue the sale... Is that a usual thing to do at a professional auction house though? Continue bids after the hammer has fallen? I've not heard of it before, but then I've only been to a handful of auctions. |
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Deleted
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January 1970
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Dreweatts Art Auctions π¬π§, by Deleted on Aug 16, 2008 1:27:43 GMT 1, I have seen it done a few times at different houses, basically what the auctioneer says goes, he can re auction a lot if he wants to.
I have seen it done a few times at different houses, basically what the auctioneer says goes, he can re auction a lot if he wants to.
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nattymatt
New Member
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September 2007
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Dreweatts Art Auctions π¬π§, by nattymatt on Aug 16, 2008 4:44:21 GMT 1, sell it privately......its possible to get a very good price thats well above an auction reserve if its an original. Speak to gallerys and dealers to find a buyer for you, sure they'll want a cut but you decide whether to sell or not.
sell it privately......its possible to get a very good price thats well above an auction reserve if its an original. Speak to gallerys and dealers to find a buyer for you, sure they'll want a cut but you decide whether to sell or not.
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Deleted
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January 1970
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Dreweatts Art Auctions π¬π§, by Deleted on Aug 16, 2008 11:09:59 GMT 1, Simon08 could you share with us about what piece it is? maybe a forum member is interested (these post are read often!).
and I'm just curious haha...
Simon08 could you share with us about what piece it is? maybe a forum member is interested (these post are read often!).
and I'm just curious haha...
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