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Worst Flipper Purchase , by Happy Go Lucky Chap on Aug 16, 2016 23:25:50 GMT 1, I do find it strange though that selling Banksy prints at several thousand % over original cost doesn't seem to be considered as flipping.
My worst one was selling an Eelus ATR at near cost to a forum member, only for him to then resell it on at around 4 times what he paid me. That one still smarts a little
I do find it strange though that selling Banksy prints at several thousand % over original cost doesn't seem to be considered as flipping. My worst one was selling an Eelus ATR at near cost to a forum member, only for him to then resell it on at around 4 times what he paid me. That one still smarts a little
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pippyt75
Junior Member
Posts โข 1,010
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March 2015
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Worst Flipper Purchase , by pippyt75 on Aug 16, 2016 23:31:10 GMT 1, I do find it strange though that selling Banksy prints at several thousand % over original cost doesn't seem to be considered as flipping. My worst one was selling an Eelus ATR at near cost to a forum member, only for him to then resell it on at around 4 times what he paid me. That one still smarts a little
I guess that comes down to timing? Short term mark ups are considered flipping, leave it a polite passage of time and it's just the considered the art market?
I do find it strange though that selling Banksy prints at several thousand % over original cost doesn't seem to be considered as flipping. My worst one was selling an Eelus ATR at near cost to a forum member, only for him to then resell it on at around 4 times what he paid me. That one still smarts a little I guess that comes down to timing? Short term mark ups are considered flipping, leave it a polite passage of time and it's just the considered the art market?
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Deleted
Posts โข 0
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January 1970
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Worst Flipper Purchase , by Deleted on Aug 16, 2016 23:38:57 GMT 1, I do find it strange though that selling Banksy prints at several thousand % over original cost doesn't seem to be considered as flipping. My worst one was selling an Eelus ATR at near cost to a forum member, only for him to then resell it on at around 4 times what he paid me. That one still smarts a little
Aye its a strange one alright. Every Banksy i have purchased has been at a massive premium always well into the thousands sometimes 10's of thousands of ยฃ's but these prices are just considered the going rate and what you need to pay. Meantime a flipper gets pilloried for selling a ยฃ300 print for ยฃ400 or whatever.
There are as many posts on flipping than there is on Banksy price checks and no doubt it shall remain this way
I do find it strange though that selling Banksy prints at several thousand % over original cost doesn't seem to be considered as flipping. My worst one was selling an Eelus ATR at near cost to a forum member, only for him to then resell it on at around 4 times what he paid me. That one still smarts a little Aye its a strange one alright. Every Banksy i have purchased has been at a massive premium always well into the thousands sometimes 10's of thousands of ยฃ's but these prices are just considered the going rate and what you need to pay. Meantime a flipper gets pilloried for selling a ยฃ300 print for ยฃ400 or whatever. There are as many posts on flipping than there is on Banksy price checks and no doubt it shall remain this way
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