i think lee is your man - for this... perhaps the story may not be too savoury.

nice image - slightly tarred somewhat by the potential seller.

lee ? expand / discuss / splutter forth ?

I saw this on US Ebay a few months ago. The story was that it was from the LA show. I think he wanted $80k for it but I'm not too sure on that.

It will be interesting to see what this sells for because it is a super-cool image.

It's not often I wish something would be turned into a print, but this one, I think would look fantastic!!

It is the same barcode shark as the one that was offered on ebay at 60k, then 100k, and then 120k. I expressed interest with seller at around ~70k but he played all kinds of games with it including sending along an estimate from Bonhams to all interested parties in an effort to get more out of them. At the time, with Derek Baurmann i was working on getting a slightly larger Barcode leopard canvas from the same show and i personally preferred that image over the shark (though i do love them both). It was MUCH easier and enjoyable working with Derek and as that deal looked more and more likely, i bowed out of the running for the shark. That's when the seller kept asking me for an extra $5k just to get the deal done. I believe i posted the details which I'm a bit fuzzy on in another thread when this was on ebay in August I believe.

To be frank, the seller didn't really display the canvas well and had it hung like a diamond to keep the shark horizontal which I had a difficult time with. I much prefer it hung like this and presume the orange or red stencil signature is on the right overflap like the rest of the works from the Existencilism show. If money were no object and I had my choice, I would grab the larger one where the shark is horizontal that Laz has for sale but it's awfully pricey.

I will be surprised if this hits the $100k minimum given the environment and the fact the shark is pointed an odd direction. It does help that it's numbered 1/1 but I don't think that is enough to get a $100k bid which translates to a $120k sale. This seller just wanted cash and I tried to point out to him that he would be far better off taking $70k cash as opposed to putting it to auction but it was no use and i didn't really pursue it that strongly.

He paid $250 for it originally in '02 and suppose it went at the high end and sold for $150k including premium. Back out $30k for buyers premium and another 7% (guessing) sellers premium at $10.5k nets the seller $109.5k AND a 1099 form from Bonahms where he'll owe 29% collectibles tax federally ($31.7k) and another 8% for CA state tax (8.7k) for a after tax pocket of $68k to the original buyer. Mind you this is on a $150k sale price which I doubt will ever happen.

Nice piece, a weird seller, and an unfortunate time to be selling art relative to the past 5 years though it may well be the best time to be selling art over the next 5 years.

I didn't think summer was speculative at all. In fact, I was quite envious of some of the prices paid for certain images. If you run an artnet report you can see that the speculation hit a fevered high for Banksy somewhere between October of last year and February of this year. Prices are off a good 50%+ for many canvases in less than one year which is a great thing for those who wish to add to thier collection.

Yes, the summer was already showing some downward weakness from the peak. However, I think the overall psychology = speculation regarding Banksy was that he would "hold steady" as evidenced by this particular seller. Personally, I'm glad that I didn't pull the trigger on a big work earlier in the year. I can partly thank my investment banker siblings who forewarned of a dire situation ahead...

Looks like it could be quite an interesting sale at Bonhams, they have a few nice works going under the hammer, the New York office seems to atract some top class art, was a bit suprised to see some Dface in the sale, just wondered if America had heard much about him yet!
I think the Radar Rat will be a good barometer for prices in the current climate,

i thinkit is a poor image like barcode and i would pay no more than 65k if i had that sort of money but hey if you want banksy original it may be the cheepest way in. But i would not look at it everyday and think thats amazing well worth it

You would be able to save a bit of money on this radar rat, mr moleman, this one is a print, with a price guide of $15-20K,
Same price guide as the colour trolleys they have in the same sale.

Sale 16120 - Prints, 5 Nov 2008
Los Angeles and San Francisco

Lot No: 245

Banksy (British, born 1975)
Trolleys, 2007
Screenprint in colors on Arches, signed in pencil and numbered 616/750, with the blindstamp of the artist, with full margins, in excellent condition.
19 3/8 x 27 1/8in
sheet 22 1/4 x 29 3/4in


Estimate: $15,000 - 20,000

Is there something special about this one I'm missing?

hi Lou,
are you able to pm me a link / details of this Radar rat?

>>>>>>That edition of 25 is 30cm by 30cm and was executed in December 2005. oi oi <<<

>>>There was also an edition of 5 GWB on metal from 06. <<<

These particular canvases are from the diptych edition which is also numbered to 25 and each canvas (one the girl, the other a balloon) measures 30 cm square, not to be confused with the other edition which has both the girl and the balloon on one canvas measuring 30 cm square. I don't know whether they were done in '05 and '06 or just '06 but i do know that the diptych one that is offered at PdP (#17 of 25) is signed and dated '06 on the reverse of the girl canvas. So, there are at least 3 different editions of GWB and I'd bet that there are some unique ones too.

Lee3 your knowledge is such a welcome insight - cheers

ny.rand.org/stats/govtfin/salestax.html

New york sales tax rates

So long as you dont bid at the auction you are exempt from NY tax. Considered an export.