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Micallef price free-fall, by sausageboonwee on Dec 1, 2007 16:02:12 GMT 1, Just been looking at Micallef's prices which seem to be in free fall.
What's the main reason for this and does anyone think his prices are ever likely to recover?
Personally I think GIWTBB is this years best print so I guess it must be Laz's fault. I'm starting to think a Save my Soul will eventually make it's way onto my wall after all. 
Just been looking at Micallef's prices which seem to be in free fall. What's the main reason for this and does anyone think his prices are ever likely to recover? Personally I think GIWTBB is this years best print so I guess it must be Laz's fault. I'm starting to think a Save my Soul will eventually make it's way onto my wall after all. |
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Micallef price free-fall, by alsbabar on Dec 1, 2007 16:03:39 GMT 1, its because he was grossly overvalued in the first instance
its because he was grossly overvalued in the first instance
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Micallef price free-fall, by sausageboonwee on Dec 1, 2007 16:06:37 GMT 1, I suppose minotaurs with uzis wouldn't sit well on every wall but some of his work is extremely good.
Is this a blip and can he recover?
I suppose minotaurs with uzis wouldn't sit well on every wall but some of his work is extremely good.
Is this a blip and can he recover?
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Micallef price free-fall, by manchestermike on Dec 1, 2007 16:08:34 GMT 1, Definite blip... His number of available prints has quadrupled in the space of a few weeks... quality always shines through though and Micallef will recover into next year
Definite blip... His number of available prints has quadrupled in the space of a few weeks... quality always shines through though and Micallef will recover into next year
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bond
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Micallef price free-fall, by bond on Dec 1, 2007 16:10:31 GMT 1, indeed - too much expectation and greed was built into prices pre Laz show.
Agree GIWTBB is one of the best of the yr.
indeed - too much expectation and greed was built into prices pre Laz show.
Agree GIWTBB is one of the best of the yr.
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Micallef price free-fall, by Tyler Durden on Dec 1, 2007 16:10:43 GMT 1, .. perhaps not with the Laz releases but despite the edition number I still believe that GIWTBB may stand the test of time.
.. perhaps not with the Laz releases but despite the edition number I still believe that GIWTBB may stand the test of time.
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afroken
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Micallef price free-fall, by afroken on Dec 1, 2007 16:13:02 GMT 1, Prices are still about 3 times what they were a year ago. hardly what i'd call a free fall. More like prices in the summer were over speculated and now they've settled. Anyway, you can't judge at this time of year. Wait for February when they'll started creeping up again.
Prices are still about 3 times what they were a year ago. hardly what i'd call a free fall. More like prices in the summer were over speculated and now they've settled. Anyway, you can't judge at this time of year. Wait for February when they'll started creeping up again.
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afroken
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Micallef price free-fall, by afroken on Dec 1, 2007 16:15:23 GMT 1, I also think anyone who hasn't see the Laz LA prints in the flesh ought to before passing judgment. They don't translate well to screen but stunning in the flesh.
I also think anyone who hasn't see the Laz LA prints in the flesh ought to before passing judgment. They don't translate well to screen but stunning in the flesh.
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Micallef price free-fall, by alsbabar on Dec 1, 2007 16:16:40 GMT 1, i think the answer is in the responses, if GIWTBB is the only print that will stand the test of time, then what does it say about the thousands of other prints out there, that thousands of people bought?
i think the answer is in the responses, if GIWTBB is the only print that will stand the test of time, then what does it say about the thousands of other prints out there, that thousands of people bought?
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lastpost
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Micallef price free-fall, by lastpost on Dec 1, 2007 16:21:07 GMT 1, Somehow I don't think GIWTBB is the only Micallef that will stand the test of time...
Somehow I don't think GIWTBB is the only Micallef that will stand the test of time...
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frank11
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Micallef price free-fall, by frank11 on Dec 1, 2007 16:25:28 GMT 1, I also think anyone who hasn't see the Laz LA prints in the flesh ought to before passing judgment. They don't translate well to screen but stunning in the flesh.
Do agree they really are goergeous in the flesh. I think alot of the slump/blip/dip whatever is the fact alot of people have spent hours slagging them off, due to the fact they missed out in the Laz release. 
I also think anyone who hasn't see the Laz LA prints in the flesh ought to before passing judgment. They don't translate well to screen but stunning in the flesh. Do agree they really are goergeous in the flesh. I think alot of the slump/blip/dip whatever is the fact alot of people have spent hours slagging them off, due to the fact they missed out in the Laz release. |
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Micallef price free-fall, by manchestermike on Dec 1, 2007 16:25:37 GMT 1, i think the answer is in the responses, if GIWTBB is the only print that will stand the test of time, then what does it say about the thousands of other prints out there, that thousands of people bought?
I'd say there would be a fair few Micas that will stand the test of time!
i think the answer is in the responses, if GIWTBB is the only print that will stand the test of time, then what does it say about the thousands of other prints out there, that thousands of people bought? I'd say there would be a fair few Micas that will stand the test of time! |
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Micallef price free-fall, by finsburyparkranger on Dec 1, 2007 16:27:15 GMT 1, Just been looking at Micallef's prices which seem to be in free fall. What's the main reason for this and does anyone think his prices are ever likely to recover? Personally I think GIWTBB is this years best print so I guess it must be Laz's fault. I'm starting to think a Save my Soul will eventually make it's way onto my wall after all.
It simple in my eyes, the economy is below par and Micallef has shown that he's prepared to 'flood the market'. It will forever be a lesson to his peers. Do it once and it will forever effect your price not just because of loss of exclusivity but also because of future speculation surrounding future 'floods'. That combined with the fact that the market has learned that many POW prints are not limited editions (Just editions) meaning that GIMTBB and others could be brought out in hundreds of colourways in the future.
Those two facts together are great for the concept of 'art for the many' but terrible for people that thought they were buying into something a lot more exclusive. Buyer beware.
What i really want to know is were banksy's sold as 'editions' or 'limited editions' ? Anyone know? Just looked at trolleys, its not a 'limited edition'  .
Just been looking at Micallef's prices which seem to be in free fall. What's the main reason for this and does anyone think his prices are ever likely to recover? Personally I think GIWTBB is this years best print so I guess it must be Laz's fault. I'm starting to think a Save my Soul will eventually make it's way onto my wall after all. It simple in my eyes, the economy is below par and Micallef has shown that he's prepared to 'flood the market'. It will forever be a lesson to his peers. Do it once and it will forever effect your price not just because of loss of exclusivity but also because of future speculation surrounding future 'floods'. That combined with the fact that the market has learned that many POW prints are not limited editions (Just editions) meaning that GIMTBB and others could be brought out in hundreds of colourways in the future. Those two facts together are great for the concept of 'art for the many' but terrible for people that thought they were buying into something a lot more exclusive. Buyer beware. What i really want to know is were banksy's sold as 'editions' or 'limited editions' ? Anyone know? Just looked at trolleys, its not a 'limited edition' . |
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frank11
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Micallef price free-fall, by frank11 on Dec 1, 2007 16:30:35 GMT 1, Somehow I don't think GIWTBB is the only Micallef that will stand the test of time...
Exactly most of the time people are comenting without even seeing the prints in the flesh, and you can't really get a feel for something untill you have seen it in front of you  .
I was not that keen on the Angel Bombers untill my bro got me one for a birthday present. I had been purely judging by the POW pictures and they did it no justice at all.....
Somehow I don't think GIWTBB is the only Micallef that will stand the test of time... Exactly most of the time people are comenting without even seeing the prints in the flesh, and you can't really get a feel for something untill you have seen it in front of you . I was not that keen on the Angel Bombers untill my bro got me one for a birthday present. I had been purely judging by the POW pictures and they did it no justice at all..... |
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lastpost
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Micallef price free-fall, by lastpost on Dec 1, 2007 16:31:01 GMT 1, I'm not sure it really affects Micallef directly...punish me if I am wrong...
He is still making a VERY good living out of art I suggest? Most of his originals sold, and we all know how they were priced. All of his prints have sold out...
Laz has made some mistakes with Micallef, but I don't think they are terminal?
I'm not sure it really affects Micallef directly...punish me if I am wrong...
He is still making a VERY good living out of art I suggest? Most of his originals sold, and we all know how they were priced. All of his prints have sold out...
Laz has made some mistakes with Micallef, but I don't think they are terminal?
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afroken
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Micallef price free-fall, by afroken on Dec 1, 2007 16:33:03 GMT 1, Wait until the queues, the fights, the smell of piss and the negativity around the LA prints are a distant memory and they'll find their place near the top of pile. I'm sure of that.
Wait until the queues, the fights, the smell of piss and the negativity around the LA prints are a distant memory and they'll find their place near the top of pile. I'm sure of that.
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Micallef price free-fall, by corblimeylimey on Dec 1, 2007 16:35:06 GMT 1, sausageboonwee your observations seem correct, JD recently sold for £908 (item no 320186391392) strangely enough it shows as selling for only £721 in the completed listings, I'd be gutted if I'd paid £2000 for one, but still happy if I bought it from POW for £200.
The Laz lithos were priced quite high at £1,175 for such a high run, on the other hand there was no shortage of people buying them up, unfortunately I think too many investors are getting involved, this causes much more demand than there would be from genuine fans who are buying for the art, when the investors pull out, a glut of prints appears & the value goes down and considering how many prints are out there it's probably too many for the amount of fans who are buying for the love of the art to absorb.
Just my 2p worth of opinions.
sausageboonwee your observations seem correct, JD recently sold for £908 (item no 320186391392) strangely enough it shows as selling for only £721 in the completed listings, I'd be gutted if I'd paid £2000 for one, but still happy if I bought it from POW for £200.
The Laz lithos were priced quite high at £1,175 for such a high run, on the other hand there was no shortage of people buying them up, unfortunately I think too many investors are getting involved, this causes much more demand than there would be from genuine fans who are buying for the art, when the investors pull out, a glut of prints appears & the value goes down and considering how many prints are out there it's probably too many for the amount of fans who are buying for the love of the art to absorb.
Just my 2p worth of opinions.
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Micallef price free-fall, by finsburyparkranger on Dec 1, 2007 16:36:34 GMT 1,
No Micallef should be alright, people that bought his art believing they were limited editions might not be though.
Apologies if im wrong on this but i've mentioned it before, no one challenged me and Lucy Mc has started issuing colourways of her old work on beat 13. No disrespect to lucy either as thats her right as she evidently didn't sell POW an exclusive contract and no dis-respect to POW as they were clear it was only an 'edition' but its important collectors learn the subtle difference between and 'edition' and a 'limited edition'
The door is wide open for Banksy to do his final act of art vandalism.
No Micallef should be alright, people that bought his art believing they were limited editions might not be though.
Apologies if im wrong on this but i've mentioned it before, no one challenged me and Lucy Mc has started issuing colourways of her old work on beat 13. No disrespect to lucy either as thats her right as she evidently didn't sell POW an exclusive contract and no dis-respect to POW as they were clear it was only an 'edition' but its important collectors learn the subtle difference between and 'edition' and a 'limited edition'
The door is wide open for Banksy to do his final act of art vandalism.
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afroken
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Micallef price free-fall, by afroken on Dec 1, 2007 16:42:07 GMT 1, Whats the difference a between an edition and a limited edition? That's a new one to me
Whats the difference a between an edition and a limited edition? That's a new one to me |
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Micallef price free-fall, by manchestermike on Dec 1, 2007 16:43:16 GMT 1, Wait until the queues, the fights, the smell of piss and the negativity around the LA prints are a distant memory and they'll find their place near the top of pile. I'm sure of that.
Not sure about that... I think they'll go up in price but will always be near the bottom of the pile...
Wait until the queues, the fights, the smell of piss and the negativity around the LA prints are a distant memory and they'll find their place near the top of pile. I'm sure of that. Not sure about that... I think they'll go up in price but will always be near the bottom of the pile... |
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Micallef price free-fall, by finsburyparkranger on Dec 1, 2007 16:48:19 GMT 1, Whats the difference a between an edition and a limited edition? That's a new one to me
An edition is only limited to never having exactly the same colours used in reproducing the print. A limited edition cant be reproduced. That seems to be the way POW are currently defining the concepts anyway.
Whats the difference a between an edition and a limited edition? That's a new one to me An edition is only limited to never having exactly the same colours used in reproducing the print. A limited edition cant be reproduced. That seems to be the way POW are currently defining the concepts anyway. |
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Micallef price free-fall, by alsbabar on Dec 1, 2007 16:50:51 GMT 1, LAZ are preparing for a Lucy Mc exhibition next week, do you think they will make the same pricing mistakes as they did with AM?
LAZ are preparing for a Lucy Mc exhibition next week, do you think they will make the same pricing mistakes as they did with AM?
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frank11
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Micallef price free-fall, by frank11 on Dec 1, 2007 16:52:05 GMT 1, Whats the difference a between an edition and a limited edition? That's a new one to me An edition is only limited to never having exactly the same colours used in reproducing the print. A limited edition cant be reproduced. That seems to be the way POW are currently defining the concepts anyway.
So what they could do an Eelus on us and reproduce everything in differing colourways? That has ruined my weekend
Whats the difference a between an edition and a limited edition? That's a new one to me An edition is only limited to never having exactly the same colours used in reproducing the print. A limited edition cant be reproduced. That seems to be the way POW are currently defining the concepts anyway. So what they could do an Eelus on us and reproduce everything in differing colourways? That has ruined my weekend |
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Micallef price free-fall, by graeme501 on Dec 1, 2007 16:56:40 GMT 1, people need 2 remember that these micallef prints were priced at roughly £300 for most, so its hardly freefall, making a grand on what u paid
if u bought on the secondary market ( like me ) u paid what u were prepared 2 pay, if u won an action at say £2000, then that was the price that u decided u could afford to own a piece of art u liked - then b happy, u have the artwork at a price u deemed fair at the time
if u bought for investment ... then tough titties
people need 2 remember that these micallef prints were priced at roughly £300 for most, so its hardly freefall, making a grand on what u paid
if u bought on the secondary market ( like me ) u paid what u were prepared 2 pay, if u won an action at say £2000, then that was the price that u decided u could afford to own a piece of art u liked - then b happy, u have the artwork at a price u deemed fair at the time
if u bought for investment ... then tough titties
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Micallef price free-fall, by graeme501 on Dec 1, 2007 17:00:44 GMT 1, as for the arguement on the difference between editions and limited editions , whats the problem ? u have the print u want, and if bough from POW, paid at much less than market value
i bought a lucy brown hate ages ago and was chuffed to c another colourway, which i bought aswell 2 have a pair, also it allows more ppl 2 own brilliant art, which is always gd
as for the arguement on the difference between editions and limited editions , whats the problem ? u have the print u want, and if bough from POW, paid at much less than market value
i bought a lucy brown hate ages ago and was chuffed to c another colourway, which i bought aswell 2 have a pair, also it allows more ppl 2 own brilliant art, which is always gd
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Micallef price free-fall, by finsburyparkranger on Dec 1, 2007 17:11:10 GMT 1, Sorry i'm not trying to bang the drum for more exclusivity in the art market. I love the idea of unlimited runs personally and have always said that is the way to overcoming the suits buying up all the art before the average joe gets a chance. I just want people to be more aware that sometimes they think they may be buying limited edition prints when they are not.
Sorry i'm not trying to bang the drum for more exclusivity in the art market. I love the idea of unlimited runs personally and have always said that is the way to overcoming the suits buying up all the art before the average joe gets a chance. I just want people to be more aware that sometimes they think they may be buying limited edition prints when they are not.
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Micallef price free-fall, by buffin on Dec 1, 2007 17:56:45 GMT 1, So we might get a "Christ with Christmas shopping" at the Ghetto?
So we might get a "Christ with Christmas shopping" at the Ghetto?
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Micallef price free-fall, by finsburyparkranger on Dec 1, 2007 18:16:15 GMT 1, So we might get a "Christ with Christmas shopping" at the Ghetto?
Not sure how they sold CWS. Some prints i think they sold them as full 'limited editions'.
So we might get a "Christ with Christmas shopping" at the Ghetto? Not sure how they sold CWS. Some prints i think they sold them as full 'limited editions'. |
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Suit
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Micallef price free-fall, by Suit on Dec 1, 2007 18:48:24 GMT 1, Posted by Finsburyparkranger on Today at 4:11pm
Sorry i'm not trying to bang the drum for more exclusivity in the art market. I love the idea of unlimited runs personally and have always said that is the way to overcoming the suits buying up all the art before the average joe gets a chance. I just want people to be more aware that sometimes they think they may be buying limited edition prints when they are not.
I hope that wasn't directed at me  ;D
Posted by Finsburyparkranger on Today at 4:11pm Sorry i'm not trying to bang the drum for more exclusivity in the art market. I love the idea of unlimited runs personally and have always said that is the way to overcoming the suits buying up all the art before the average joe gets a chance. I just want people to be more aware that sometimes they think they may be buying limited edition prints when they are not. I hope that wasn't directed at me ;D |
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;D
