|
|
Bloomsbury Auctions ๐ฌ๐ง, by finsburyparkranger on Nov 29, 2007 15:58:03 GMT 1, I think the Casino hypothesis is a good one. You are buying into a gamble with every sale. Maybe not so much with the slot machines, but certainly at the roulette table. We're seeing that now. It's all down to who can afford to hold their nerve. where's the gamble ? I don't get the analogy 
The gamble is that you hope that the thing your are buying today won't be worth less than tomorrow, otherwise you would just wait until tomorrow or just buy from an unlimited edition.
I think the Casino hypothesis is a good one. You are buying into a gamble with every sale. Maybe not so much with the slot machines, but certainly at the roulette table. We're seeing that now. It's all down to who can afford to hold their nerve. where's the gamble ? I don't get the analogy The gamble is that you hope that the thing your are buying today won't be worth less than tomorrow, otherwise you would just wait until tomorrow or just buy from an unlimited edition. |
|
|
|
Bloomsbury Auctions ๐ฌ๐ง, by alsbabar on Nov 29, 2007 16:01:46 GMT 1, Manchestermike is correct, the Distance Selling Regs do not apply to contracts concluded at auction - that is a genuine auction however, not e-bay which as explained previously is not legally regarded as an auction.
If what Mike says is correct, then I see some large holes in this issue. It can be argued then that this was in fact an Ebay style auction. When I signed into the Bloomsbury Auction Online, I had to go via Ebay.com to their Live Auctions, and all transactions were completed using Ebay billing. So in essence I used my ebay account for verification and purchasing.
Anyone else share this view?
Manchestermike is correct, the Distance Selling Regs do not apply to contracts concluded at auction - that is a genuine auction however, not e-bay which as explained previously is not legally regarded as an auction. If what Mike says is correct, then I see some large holes in this issue. It can be argued then that this was in fact an Ebay style auction. When I signed into the Bloomsbury Auction Online, I had to go via Ebay.com to their Live Auctions, and all transactions were completed using Ebay billing. So in essence I used my ebay account for verification and purchasing. Anyone else share this view? |
|
|
|
Bloomsbury Auctions ๐ฌ๐ง, by numusic on Nov 29, 2007 16:09:09 GMT 1, where's the gamble ? I don't get the analogy The gamble is that you hope that the thing your are buying today won't be worth less than tomorrow, otherwise you would just wait until tomorrow or just buy from an unlimited edition.
If that was your philosophy, you'd be living in a cave and hunting your own vegetables 
I took a gamble buying a washing machine recently in the hope that it's built in obsolescence doesn't kick in before I've paid it off.
Surely it's only as gamble if you intend to sell. Otherwise the price, value, worth.. is meaningless. Especially if you're not a member of forums or are constantly tracking the prices on ebay.
where's the gamble ? I don't get the analogy The gamble is that you hope that the thing your are buying today won't be worth less than tomorrow, otherwise you would just wait until tomorrow or just buy from an unlimited edition. If that was your philosophy, you'd be living in a cave and hunting your own vegetables I took a gamble buying a washing machine recently in the hope that it's built in obsolescence doesn't kick in before I've paid it off. Surely it's only as gamble if you intend to sell. Otherwise the price, value, worth.. is meaningless. Especially if you're not a member of forums or are constantly tracking the prices on ebay. |
|
|
|
Bloomsbury Auctions ๐ฌ๐ง, by finsburyparkranger on Nov 29, 2007 17:13:58 GMT 1, Nope, paying ยฃยฃยฃ's or ยฃยฃยฃยฃ's extra for an exclusive piece of art over a none exclusive piece of art is a gamble whether you intend to give it away or keep it in my eyes.
Imagine if you had a ยฃ70'00 windfall and you spent all that money on art and then you gave it to your son but the time your son got the art it was was worth ยฃ10. I think your son would think you made a pretty poor decision and may consider that you gambled his inheritance.
Happily this scenario is fairly far form the truth. 
Nope, paying ยฃยฃยฃ's or ยฃยฃยฃยฃ's extra for an exclusive piece of art over a none exclusive piece of art is a gamble whether you intend to give it away or keep it in my eyes. Imagine if you had a ยฃ70'00 windfall and you spent all that money on art and then you gave it to your son but the time your son got the art it was was worth ยฃ10. I think your son would think you made a pretty poor decision and may consider that you gambled his inheritance. Happily this scenario is fairly far form the truth. |
|
patrese
New Member
๐จ๏ธ 233
๐๐ป 19
July 2007
|
Bloomsbury Auctions ๐ฌ๐ง, by patrese on Nov 29, 2007 19:19:04 GMT 1, i agree. i remember this time last year was exactly the same scenario. prices started falling through december and january. then lo and behold when february came along with the start of the new auction season prices took off again. worries over the state of the econonmy and over-supply of prints may be part of the problem but i believe that its largely due to a seasonal dip. But this seasonal dip has been going on for a long time. When prices got weak in the summer the excuse was everyone was supposed to be on vacation?!? Then as prices continued to drag even when the fall auction season resumed there were some other excuses and now there is the holiday excuse. I don't think prices are going to collapse. But I certainly don't see any reason to return to the price frenzy of spring 2007. I think prices aren't going to be going anywhere for awhile now. A lot of people bought Banksy prints in the spring and summer and 'd reckon most of those people are flat or at a loss. That's really going to make them think twice about buying anything else on the secondary market. And I'm sure there's still going to be a fair amount of new releases in 2008 to continue to fill the market.
i agree with you...i'm sure a lot of people were wheeling out the "prices will rise after the LA show" line for micallef, and after 2600 prints hit the market, prices inevitably fall, i don't think xmas is particularly relevant at all, prices are falling and will continue to do so...more prints being released & available without an increase in money available to buy them = continuing fall in prices
i agree. i remember this time last year was exactly the same scenario. prices started falling through december and january. then lo and behold when february came along with the start of the new auction season prices took off again. worries over the state of the econonmy and over-supply of prints may be part of the problem but i believe that its largely due to a seasonal dip. But this seasonal dip has been going on for a long time. When prices got weak in the summer the excuse was everyone was supposed to be on vacation?!? Then as prices continued to drag even when the fall auction season resumed there were some other excuses and now there is the holiday excuse. I don't think prices are going to collapse. But I certainly don't see any reason to return to the price frenzy of spring 2007. I think prices aren't going to be going anywhere for awhile now. A lot of people bought Banksy prints in the spring and summer and 'd reckon most of those people are flat or at a loss. That's really going to make them think twice about buying anything else on the secondary market. And I'm sure there's still going to be a fair amount of new releases in 2008 to continue to fill the market. i agree with you...i'm sure a lot of people were wheeling out the "prices will rise after the LA show" line for micallef, and after 2600 prints hit the market, prices inevitably fall, i don't think xmas is particularly relevant at all, prices are falling and will continue to do so...more prints being released & available without an increase in money available to buy them = continuing fall in prices |
|
rydal
New Member
๐จ๏ธ 109
๐๐ป 3
October 2006
|
Bloomsbury Auctions ๐ฌ๐ง, by rydal on Nov 29, 2007 20:38:39 GMT 1, Alsbabar,
E-bay is not legally an auction because the sale come to an end through the elapse of time rather than because nobody is prepared to make a further bid. I understand that although "broadcast" via e-bay Bloomsbury was a "proper" auction with an auctioneer who would only bring the hammer down when he was satisfied there were no further bids. As such all purchases would be concluded at auction regardless of how the bids were made and so the Distance Selling Regs would not apply. Hope this clarifies matters.
Alsbabar,
E-bay is not legally an auction because the sale come to an end through the elapse of time rather than because nobody is prepared to make a further bid. I understand that although "broadcast" via e-bay Bloomsbury was a "proper" auction with an auctioneer who would only bring the hammer down when he was satisfied there were no further bids. As such all purchases would be concluded at auction regardless of how the bids were made and so the Distance Selling Regs would not apply. Hope this clarifies matters.
|
|
|
|
patrese
New Member
๐จ๏ธ 233
๐๐ป 19
July 2007
|
Bloomsbury Auctions ๐ฌ๐ง, by patrese on Nov 30, 2007 10:48:59 GMT 1, only 2 of the micallefs sold (hfund & head) out of the 12, and looking through the whole auction it looks like around 50% of all lots didn't sell, that's pretty poor
only 2 of the micallefs sold (hfund & head) out of the 12, and looking through the whole auction it looks like around 50% of all lots didn't sell, that's pretty poor
|
|
|
|
Bloomsbury Auctions ๐ฌ๐ง, by harrymay07 on Nov 30, 2007 10:55:42 GMT 1, only 2 of the micallefs sold (hfund & head) out of the 12, and looking through the whole auction it looks like around 50% of all lots didn't sell, that's pretty poor
Maybe a combination of a fragile market, lack of money and possibly Bloomsbury isn't the best place to use when selling this type of art.
only 2 of the micallefs sold (hfund & head) out of the 12, and looking through the whole auction it looks like around 50% of all lots didn't sell, that's pretty poor Maybe a combination of a fragile market, lack of money and possibly Bloomsbury isn't the best place to use when selling this type of art. |
|
Pattycakes
Junior Member
๐จ๏ธ 1,379
๐๐ป 423
June 2007
|
Bloomsbury Auctions ๐ฌ๐ง, by Pattycakes on Mar 18, 2008 21:10:08 GMT 1, Any one going to Bloomsbury Auctions Tomorrow?
Any one going to Bloomsbury Auctions Tomorrow?
|
|
|
|
Bloomsbury Auctions ๐ฌ๐ง, by chleseaboy on Mar 18, 2008 22:14:34 GMT 1, whats on?
whats on?
|
|
Pattycakes
Junior Member
๐จ๏ธ 1,379
๐๐ป 423
June 2007
|
Bloomsbury Auctions ๐ฌ๐ง, by Pattycakes on Mar 18, 2008 22:24:38 GMT 1, Sale with tons of stuff in it!! About 15 banksys or so. www.bloomsburyauctions.com it's also live on ebay.com
|
|
|
|
|
|
Bloomsbury Auctions ๐ฌ๐ง, by sahoria on Mar 18, 2008 22:49:46 GMT 1, beautiful avatar heavyconsumer... the auction i think will be interesting to see... they have alot of great art pieces there and some of the prices little surprised to see for estimation....s
beautiful avatar heavyconsumer... the auction i think will be interesting to see... they have alot of great art pieces there and some of the prices little surprised to see for estimation....s
|
|
BME
New Member
๐จ๏ธ 799
๐๐ป 74
December 2006
|
Bloomsbury Auctions ๐ฌ๐ง, by BME on Mar 18, 2008 23:14:43 GMT 1, The estimates (as always) are complete rubbish. Nice pieces though.
The estimates (as always) are complete rubbish. Nice pieces though.
|
|
|
|
|
|
Bloomsbury Auctions ๐ฌ๐ง, by daz205 on Mar 18, 2008 23:21:54 GMT 1, 600 estimate for a signed hirst poster still available for 195? has the world gone mad?
600 estimate for a signed hirst poster still available for 195? has the world gone mad?
|
|
bombshelter
Junior Member
๐จ๏ธ 1,107
๐๐ป 1
September 2006
|
Bloomsbury Auctions ๐ฌ๐ง, by bombshelter on Mar 18, 2008 23:26:47 GMT 1, 600 estimate for a signed hirst poster still available for 195? has the world gone mad?
Can you send us a link to where this is for sale for ยฃ195
600 estimate for a signed hirst poster still available for 195? has the world gone mad? Can you send us a link to where this is for sale for ยฃ195 |
|
cakeboy
New Member
๐จ๏ธ 641
๐๐ป 128
March 2007
|
Bloomsbury Auctions ๐ฌ๐ง, by cakeboy on Mar 18, 2008 23:38:30 GMT 1, mostly unsigned ..will be interesting .. there was a trial U/S rude copper ended at bloomsbury last week for 4k ..
mostly unsigned ..will be interesting .. there was a trial U/S rude copper ended at bloomsbury last week for 4k ..
|
|
Heavyconsumer
Junior Member
๐จ๏ธ 4,974
๐๐ป 5
February 2008
|
Bloomsbury Auctions ๐ฌ๐ง, by Heavyconsumer on Mar 19, 2008 0:04:51 GMT 1, Thanks S.
Thanks S.
|
|
jbob
New Member
๐จ๏ธ 90
๐๐ป 0
April 2007
|
Bloomsbury Auctions ๐ฌ๐ง, by jbob on Mar 19, 2008 0:19:11 GMT 1, I posted a "for sale" notice the other day for mine on here, went for ยฃ105 in the end on ebay. That was for a signed Superstition poster that is currently retailing for ยฃ195 on othercriteria.com
I'll be gutted if this goes through for 400-600!
600 estimate for a signed hirst poster still available for 195? has the world gone mad? Can you send us a link to where this is for sale for ยฃ195
I posted a "for sale" notice the other day for mine on here, went for ยฃ105 in the end on ebay. That was for a signed Superstition poster that is currently retailing for ยฃ195 on othercriteria.com I'll be gutted if this goes through for 400-600! 600 estimate for a signed hirst poster still available for 195? has the world gone mad? Can you send us a link to where this is for sale for ยฃ195 |
|
|
|
Bloomsbury Auctions ๐ฌ๐ง, by daz205 on Mar 19, 2008 2:35:48 GMT 1, 600 estimate for a signed hirst poster still available for 195? has the world gone mad? Can you send us a link to where this is for sale for ยฃ195
www.othercriteria.com
just click the arrow next to unsigned in the poster section
600 estimate for a signed hirst poster still available for 195? has the world gone mad? Can you send us a link to where this is for sale for ยฃ195 just click the arrow next to unsigned in the poster section |
|
ratpack
New Member
๐จ๏ธ 353
๐๐ป 4
September 2006
|
Bloomsbury Auctions ๐ฌ๐ง, by ratpack on Mar 19, 2008 12:33:45 GMT 1, It will be interesting to see what the Moona Simpson print does after the original canvas rocketed.
It will be interesting to see what the Moona Simpson print does after the original canvas rocketed.
|
|
wildbill
New Member
๐จ๏ธ 378
๐๐ป 0
January 2007
|
Bloomsbury Auctions ๐ฌ๐ง, by wildbill on Mar 19, 2008 13:31:56 GMT 1, Is this auction viewable live online?
link?
Is this auction viewable live online?
link?
|
|
|
|
sid
New Member
๐จ๏ธ 289
๐๐ป 4
June 2007
|
|
|
pezlow
Junior Member
๐จ๏ธ 5,388
๐๐ป 254
January 2007
|
Bloomsbury Auctions ๐ฌ๐ง, by pezlow on Mar 19, 2008 16:00:40 GMT 1, Anyone following the prices of these. WOW. Was that ยฃ4,800 for unsigned happy choppers 
Anyone following the prices of these. WOW. Was that ยฃ4,800 for unsigned happy choppers |
|
dumpsuk
New Member
๐จ๏ธ 262
๐๐ป 0
July 2007
|
Bloomsbury Auctions ๐ฌ๐ง, by dumpsuk on Mar 19, 2008 16:09:58 GMT 1, I thought the prices for these were low overall - no?
I thought the prices for these were low overall - no?
|
|
Nuno
Junior Member
๐จ๏ธ 1,095
๐๐ป 479
November 2007
|
Bloomsbury Auctions ๐ฌ๐ง, by Nuno on Mar 19, 2008 16:10:59 GMT 1, Anyone following the prices of these. WOW. Was that ยฃ4,800 for unsigned happy choppers
The rude copper seemed to go for a competitive price, think it was creased though . . .
Anyone following the prices of these. WOW. Was that ยฃ4,800 for unsigned happy choppers The rude copper seemed to go for a competitive price, think it was creased though . . . |
|
pw
New Member
๐จ๏ธ 308
๐๐ป 1
October 2006
|
Bloomsbury Auctions ๐ฌ๐ง, by pw on Mar 19, 2008 16:12:24 GMT 1, prices for the first few prints were very low. then they went astronomical. its as if the bidders took a while to warm up!
prices for the first few prints were very low. then they went astronomical. its as if the bidders took a while to warm up!
|
|
sid
New Member
๐จ๏ธ 289
๐๐ป 4
June 2007
|
Bloomsbury Auctions ๐ฌ๐ง, by sid on Mar 19, 2008 16:16:07 GMT 1, unsigned Bomb Middle England ยฃ3600
unsigned Bomb Middle England ยฃ3600
|
|
pw
New Member
๐จ๏ธ 308
๐๐ป 1
October 2006
|
Bloomsbury Auctions ๐ฌ๐ง, by pw on Mar 19, 2008 16:18:43 GMT 1, unsigned happy chopper ยฃ4,200
unsigned flying copper ยฃ6,000
+22.5% buyers premium
is anyone thinking "more money than sense"?
unsigned happy chopper ยฃ4,200
unsigned flying copper ยฃ6,000
+22.5% buyers premium
is anyone thinking "more money than sense"?
|
|
sid
New Member
๐จ๏ธ 289
๐๐ป 4
June 2007
|
Bloomsbury Auctions ๐ฌ๐ง, by sid on Mar 19, 2008 16:20:13 GMT 1, Micallefs price were low nothing over a ยฃ1000 !
Micallefs price were low nothing over a ยฃ1000 !
|
|
