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BBC Article - Art Demand "bucks" Credit Crunch, by alsbabar on Jul 8, 2008 9:35:57 GMT 1, news.bbc.co.uk/1/hi/business/7493928.stm
High-value investors are buying arts and antiques as an alternative to stocks and shares in the uncertain economic climate, a report says.
The Royal Institution of Chartered Surveyors (Rics) says the industry has remained relatively stable between April and July.
But this was the result of a "buoyant" market for work priced at more than ยฃ50,000, its survey found.
It says the super rich and Russian and Middle Eastern investors are buying.
Investors are looking to purchase items that will provide a high return in future sales.
Contemporary art, such as urban art, was the strongest sector, the survey found. One work by Banksy called "Laugh now but one day we will be in charge" sold for ยฃ100,000.
Lower priced items - particularly ceramics, clocks and furniture - are showing signs of a slowdown in the market, it added.
news.bbc.co.uk/1/hi/business/7493928.stmHigh-value investors are buying arts and antiques as an alternative to stocks and shares in the uncertain economic climate, a report says. The Royal Institution of Chartered Surveyors (Rics) says the industry has remained relatively stable between April and July. But this was the result of a "buoyant" market for work priced at more than ยฃ50,000, its survey found. It says the super rich and Russian and Middle Eastern investors are buying. Investors are looking to purchase items that will provide a high return in future sales. Contemporary art, such as urban art, was the strongest sector, the survey found. One work by Banksy called "Laugh now but one day we will be in charge" sold for ยฃ100,000. Lower priced items - particularly ceramics, clocks and furniture - are showing signs of a slowdown in the market, it added.
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BBC Article - Art Demand "bucks" Credit Crunch, by carlito on Jul 8, 2008 9:43:33 GMT 1, quick everyone got a spare 50k+ to invest in Art?
quick everyone got a spare 50k+ to invest in Art? |
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eddiedangerous
Junior Member
Posts โข 1,600
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October 2007
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BBC Article - Art Demand "bucks" Credit Crunch, by eddiedangerous on Jul 8, 2008 9:45:08 GMT 1, yeah. it seems anything valued at less than 10k will never really be targeted by "recession proof" investors as it doesnt have the investment/return value to make it worthwhile. There will definately be a slow down in this part of the market whilst the top end stuff will keep getting snapped up. I just hope al this c-crunch business will pass...doubtful. The business anal-ists at my firm are currently predicting a 4-7 year problem, the euro going 1 for 1 with the pound and the price of one consumer unit of petrol reaching 2gbp before it gets any better... 
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BBC Article - Art Demand "bucks" Credit Crunch, by Guest on Jul 8, 2008 9:46:55 GMT 1, thanks eddie.
thanks eddie.
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eddiedangerous
Junior Member
Posts โข 1,600
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October 2007
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BBC Article - Art Demand "bucks" Credit Crunch, by eddiedangerous on Jul 8, 2008 10:12:23 GMT 1,
sorry to be a doom-monger ron!
and alsbabar...why you back on no stars...has silky punished you???!! ;D
sorry to be a doom-monger ron! and alsbabar...why you back on no stars...has silky punished you???!! ;D |
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BBC Article - Art Demand "bucks" Credit Crunch, by pimp on Jul 8, 2008 10:15:18 GMT 1, and alsbabar...why you back on no stars...has silky punished you???!! ;D
he's gathering his toys back up, after throwing them all out of the pram...
and alsbabar...why you back on no stars...has silky punished you???!! ;D he's gathering his toys back up, after throwing them all out of the pram... |
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angryboy
New Member
Posts โข 366
Likes โข 1
October 2007
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BBC Article - Art Demand "bucks" Credit Crunch, by angryboy on Jul 8, 2008 10:19:20 GMT 1, I don't think it's started really yet, let alone ready to pass.
Just buy what you like though and you won't lose out too badly, even if your home is worth half what it was a few years back. That's another story though.
I don't think it's started really yet, let alone ready to pass.
Just buy what you like though and you won't lose out too badly, even if your home is worth half what it was a few years back. That's another story though.
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BBC Article - Art Demand "bucks" Credit Crunch, by Daniel Silk on Jul 8, 2008 12:06:54 GMT 1, People know that normal investments are gonna be very risky over the next few years  so they are looking for alternatives. Urban Art seems to be about the only thing thats looking strong, so thats where they are spending the money, and with more and more doing the same thing  up, up, up!
People know that normal investments are gonna be very risky over the next few years so they are looking for alternatives. Urban Art seems to be about the only thing thats looking strong, so thats where they are spending the money, and with more and more doing the same thing up, up, up! |
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angryboy
New Member
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October 2007
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BBC Article - Art Demand "bucks" Credit Crunch, by angryboy on Jul 8, 2008 12:08:34 GMT 1, All of us with ยฃ50k plus pieces are sorted then.
All of us with ยฃ50k plus pieces are sorted then.
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eddiedangerous
Junior Member
Posts โข 1,600
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October 2007
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BBC Article - Art Demand "bucks" Credit Crunch, by eddiedangerous on Jul 8, 2008 16:26:42 GMT 1, People know that normal investments are gonna be very risky over the next few years so they are looking for alternatives. Urban Art seems to be about the only thing thats looking strong, so thats where they are spending the money, and [glow=red,2,300]with more and more doing the same [/glow]thing up, up, up!
sorry silks, i disagree. the lower end of the market seems to be in real trouble. the number of lots on ebay ending with out sale is rising by the day, with a general downward trend in prices for a lot of previously unstoppable artists.
I think you are correct in part, "more and more are doing the same" however fewer and fewer are going to reach their investment potential as the secondary market is being diluted by the ever rising number of artist, galleries, print runs and originals on the primary market.
This in turn will effect those "dabbling" in the urban art market finding themselves frozen out though inflation and rising costs elsewhere, having less cash left over to spend on either the primary or secondary markets.
Where "real" money is being invested 10k+ (but really 50k+) these investors (the ones most of these recent articles seem to be talking about) generally have such fortune that a recession wont effect them, and should they go on to sell the work, there will always be a buyer in the same bracket who has the cash and is equally uneffected by recession. When financial papers comment on the urban art scene they (imho) seem to be talking about your blue chip investors who invest several hundreds of times what the average Joe is capable of.
At this level art is essentially recession proof (in theory), but only because those participating are recession proof themselves, and artwork tend to work outside general inflation as we know it.
The market sub 10k (or 50k) will become more and more sketchy as investors at this lower end of the market attempt to recoup investments by selling art, there will be a lot less buyers for this work. It is generally not valued enough by those investors who are off chasing a Banksy canvas (at ยฃ300,000) as opposed to a "Trolly Hunter" print for example. This will lead to a downward trend in print prices (imo already evident), as to offload the print on the secondary market and regain your much needed capital you will have to settle for whatever you can get for it (everyone else being in the same boat as you).
I believe Bonhams have also latched onto this as they no longer except artwork for auction with a valuation less than 10k (correct me if i'm wrong!)
Things might change if China and America both wake up to our "urban art" scene and begin to buy in numbers at both ends of the market.
If you are purchasing work with a view to making financial gains in the short-term sub ยฃ10k then I would think long and hard about artwork you may be lumbered with, unable to sell for a profit, and in many cases unable to recoup original investments, becuase your potential buyers will generally be effected by the creditcrunch recession as much and in the same way you are.
Be careful out there, chose any pieces carefully!!!
I dont have a crystal ball, but I read the papers and look at ebay and in my job see similar situations day in and day out of late in different maketplaces. I dont mean to be a doom and gloom merchant however I think pulling the wool over your eyes and just hoping its gonna go away might lead you into trouble, and much as I wish we weren't in this financial fuck-up....we sure are and its only gonna get worse, whatever you've heard!!!
(And yes I am a financial advisor!) ;D ;D
People know that normal investments are gonna be very risky over the next few years so they are looking for alternatives. Urban Art seems to be about the only thing thats looking strong, so thats where they are spending the money, and [glow=red,2,300]with more and more doing the same [/glow]thing up, up, up! sorry silks, i disagree. the lower end of the market seems to be in real trouble. the number of lots on ebay ending with out sale is rising by the day, with a general downward trend in prices for a lot of previously unstoppable artists. I think you are correct in part, "more and more are doing the same" however fewer and fewer are going to reach their investment potential as the secondary market is being diluted by the ever rising number of artist, galleries, print runs and originals on the primary market. This in turn will effect those "dabbling" in the urban art market finding themselves frozen out though inflation and rising costs elsewhere, having less cash left over to spend on either the primary or secondary markets. Where "real" money is being invested 10k+ (but really 50k+) these investors (the ones most of these recent articles seem to be talking about) generally have such fortune that a recession wont effect them, and should they go on to sell the work, there will always be a buyer in the same bracket who has the cash and is equally uneffected by recession. When financial papers comment on the urban art scene they (imho) seem to be talking about your blue chip investors who invest several hundreds of times what the average Joe is capable of. At this level art is essentially recession proof (in theory), but only because those participating are recession proof themselves, and artwork tend to work outside general inflation as we know it. The market sub 10k (or 50k) will become more and more sketchy as investors at this lower end of the market attempt to recoup investments by selling art, there will be a lot less buyers for this work. It is generally not valued enough by those investors who are off chasing a Banksy canvas (at ยฃ300,000) as opposed to a "Trolly Hunter" print for example. This will lead to a downward trend in print prices (imo already evident), as to offload the print on the secondary market and regain your much needed capital you will have to settle for whatever you can get for it (everyone else being in the same boat as you). I believe Bonhams have also latched onto this as they no longer except artwork for auction with a valuation less than 10k (correct me if i'm wrong!) Things might change if China and America both wake up to our "urban art" scene and begin to buy in numbers at both ends of the market. If you are purchasing work with a view to making financial gains in the short-term sub ยฃ10k then I would think long and hard about artwork you may be lumbered with, unable to sell for a profit, and in many cases unable to recoup original investments, becuase your potential buyers will generally be effected by the creditcrunch recession as much and in the same way you are. Be careful out there, chose any pieces carefully!!! I dont have a crystal ball, but I read the papers and look at ebay and in my job see similar situations day in and day out of late in different maketplaces. I dont mean to be a doom and gloom merchant however I think pulling the wool over your eyes and just hoping its gonna go away might lead you into trouble, and much as I wish we weren't in this financial fuck-up....we sure are and its only gonna get worse, whatever you've heard!!! (And yes I am a financial advisor!) ;D ;D |
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BBC Article - Art Demand "bucks" Credit Crunch, by felix on Jul 8, 2008 16:37:14 GMT 1, Very wise words Eddie.
Hold on,s**t - what does that mean for my Elliot (retirement fund) collection!!
Very wise words Eddie.
Hold on,s**t - what does that mean for my Elliot (retirement fund) collection!!
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eddiedangerous
Junior Member
Posts โข 1,600
Likes โข 40
October 2007
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BBC Article - Art Demand "bucks" Credit Crunch, by eddiedangerous on Jul 8, 2008 18:22:00 GMT 1, Very wise words Eddie. Hold on, s**t - what does that mean for my Elliot (retirement fund) collection!!
it means you better have been paying into your state pension fund felix!!!! ;D ;D ;D
Very wise words Eddie. Hold on, s**t - what does that mean for my Elliot (retirement fund) collection!! it means you better have been paying into your state pension fund felix!!!! ;D ;D ;D |
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annar50
Junior Member
Posts โข 1,956
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May 2008
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BBC Article - Art Demand "bucks" Credit Crunch, by annar50 on Jul 8, 2008 19:29:20 GMT 1, your art collection is at risk, if you do not keep up with your credit card payments ;D
your art collection is at risk, if you do not keep up with your credit card payments ;D
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BBC Article - Art Demand "bucks" Credit Crunch, by duncanfearnley on Jul 8, 2008 20:09:32 GMT 1, Well said Eddie  I have a feeling the lower end of the market will remain strong as the scene goes more worldwide
or, it will grow even weaker still as the recession goes more worldwide?
dangerous to speculate, none of us know what is round the corner - as many have said, buy what you love, what you can afford and consider if you would still love it if should it have absolutely zero monetary value.
street art that costs nothing but then ends up getting commodotised and put into people's homes, ends up being worthless itself? the irony is somewhat peotic don't you think......
i can kiss goodbye a few quid then!
Well said Eddie I have a feeling the lower end of the market will remain strong as the scene goes more worldwide or, it will grow even weaker still as the recession goes more worldwide? dangerous to speculate, none of us know what is round the corner - as many have said, buy what you love, what you can afford and consider if you would still love it if should it have absolutely zero monetary value. street art that costs nothing but then ends up getting commodotised and put into people's homes, ends up being worthless itself? the irony is somewhat peotic don't you think...... i can kiss goodbye a few quid then! |
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eddiedangerous
Junior Member
Posts โข 1,600
Likes โข 40
October 2007
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BBC Article - Art Demand "bucks" Credit Crunch, by eddiedangerous on Jul 8, 2008 20:18:51 GMT 1, Well said Eddie I have a feeling the lower end of the market will remain strong as the scene goes more worldwide or, it will grow even weaker still as the recession goes more worldwide? [glow=red,2,300]dangerous to speculate[/glow], none of us know what is round the corner - as many have said, buy what you love, what you can afford and consider if you would still love it if should it have absolutely zero monetary value. street art that costs nothing but then ends up getting commodotised and put into people's homes, ends up being worthless itself? the irony is somewhat peotic don't you think...... i can kiss goodbye a few quid then!
danger is my middle last name!!!
i terms of the recession hitting china...unlikely as there emerging middle classes have never had it so good, and for them at least anything is better than where they were!! but their desire to "be like the westerners" is certainly fuel for the credit crunch, yet very understandable 
lets flog em some elliot's to keep em happy!!
Well said Eddie I have a feeling the lower end of the market will remain strong as the scene goes more worldwide or, it will grow even weaker still as the recession goes more worldwide? [glow=red,2,300]dangerous to speculate[/glow], none of us know what is round the corner - as many have said, buy what you love, what you can afford and consider if you would still love it if should it have absolutely zero monetary value. street art that costs nothing but then ends up getting commodotised and put into people's homes, ends up being worthless itself? the irony is somewhat peotic don't you think...... i can kiss goodbye a few quid then! danger is my middle last name!!! i terms of the recession hitting china...unlikely as there emerging middle classes have never had it so good, and for them at least anything is better than where they were!! but their desire to "be like the westerners" is certainly fuel for the credit crunch, yet very understandable lets flog em some elliot's to keep em happy!! |
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BBC Article - Art Demand "bucks" Credit Crunch, by duncanfearnley on Jul 8, 2008 20:22:33 GMT 1, better still, let's corner the market and open a chain of takeaway english resturant's
better still, let's corner the market and open a chain of takeaway english resturant's |
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BBC Article - Art Demand "bucks" Credit Crunch, by duncanfearnley on Jul 8, 2008 20:26:05 GMT 1, sorry to be serious again eddie, do you think a possible political fallout in china could drag them in to it, possibly post olympics, tebetan related?
that said, the earthquake did little to slow down growth and that was a massive natural disaster...
sorry to be serious again eddie, do you think a possible political fallout in china could drag them in to it, possibly post olympics, tebetan related?
that said, the earthquake did little to slow down growth and that was a massive natural disaster...
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BBC Article - Art Demand "bucks" Credit Crunch, by dh on Jul 8, 2008 20:32:15 GMT 1, If everything is a sure bet then life would be boring, at the end of the day what does it really matter if its all worth nothing. Just keep the art on the wall and pretend its worth a fortune.
If everything is a sure bet then life would be boring, at the end of the day what does it really matter if its all worth nothing. Just keep the art on the wall and pretend its worth a fortune.
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Tiki
Junior Member
Posts โข 1,223
Likes โข 157
May 2008
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BBC Article - Art Demand "bucks" Credit Crunch, by Tiki on Jul 8, 2008 20:51:44 GMT 1, The fact is it is coming hower much people try to deny it and bury their heads in the sand. The only debateable fact i see is whose gonna come out smelling of roses on the other side. Who knows by that time our Banksy's and our Neate's could well be worth jack shit and and the improving chinese markets will be well sought after. Thats my guess anyway but i know that recent events are forcing me to put the breaks on alot of projects im persuing and if im totaly honest im pretty fucked off about it!
The fact is it is coming hower much people try to deny it and bury their heads in the sand. The only debateable fact i see is whose gonna come out smelling of roses on the other side. Who knows by that time our Banksy's and our Neate's could well be worth jack shit and and the improving chinese markets will be well sought after. Thats my guess anyway but i know that recent events are forcing me to put the breaks on alot of projects im persuing and if im totaly honest im pretty fucked off about it!
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BBC Article - Art Demand "bucks" Credit Crunch, by veralynn on Jul 8, 2008 21:23:54 GMT 1, We're all doomed - the rising costs of fuel mean that we will be living like Victorians in a matter of months and the feral youth that runs south east London will form the new world order - remember you heard it here first.....
Or not - markets anticipate rather than react the trouble is at the moment they dont know what to anticipate so they are choosing the default react option - it'll be allright in the end, tax incentives in the US will drag the global economy out its depths, whilst people are still paying ยฃ2.65 for a skinny frappacino caremel latte there's no need to be alarmed?
We're all doomed - the rising costs of fuel mean that we will be living like Victorians in a matter of months and the feral youth that runs south east London will form the new world order - remember you heard it here first.....
Or not - markets anticipate rather than react the trouble is at the moment they dont know what to anticipate so they are choosing the default react option - it'll be allright in the end, tax incentives in the US will drag the global economy out its depths, whilst people are still paying ยฃ2.65 for a skinny frappacino caremel latte there's no need to be alarmed?
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BBC Article - Art Demand "bucks" Credit Crunch, by snakes on Jul 8, 2008 21:27:59 GMT 1, news.bbc.co.uk/1/hi/business/7493928.stmHigh-value investors are buying arts and antiques as an alternative to stocks and shares in the uncertain economic climate, a report says. The Royal Institution of Chartered Surveyors (Rics) says the industry has remained relatively stable between April and July. But this was the result of a "buoyant" market for work priced at more than ยฃ50,000, its survey found. It says the super rich and Russian and Middle Eastern investors are buying. Investors are looking to purchase items that will provide a high return in future sales. Contemporary art, such as urban art, was the strongest sector, the survey found. One work by Banksy called "Laugh now but one day we will be in charge" sold for ยฃ100,000. Lower priced items - particularly ceramics, clocks and furniture - are showing signs of a slowdown in the market, it added.
Also a fantastic way to launder your money too, especially your Ruble's
news.bbc.co.uk/1/hi/business/7493928.stmHigh-value investors are buying arts and antiques as an alternative to stocks and shares in the uncertain economic climate, a report says. The Royal Institution of Chartered Surveyors (Rics) says the industry has remained relatively stable between April and July. But this was the result of a "buoyant" market for work priced at more than ยฃ50,000, its survey found. It says the super rich and Russian and Middle Eastern investors are buying. Investors are looking to purchase items that will provide a high return in future sales. Contemporary art, such as urban art, was the strongest sector, the survey found. One work by Banksy called "Laugh now but one day we will be in charge" sold for ยฃ100,000. Lower priced items - particularly ceramics, clocks and furniture - are showing signs of a slowdown in the market, it added. Also a fantastic way to launder your money too, especially your Ruble's |
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Bram
Artist
Junior Member
Posts โข 2,818
Likes โข 295
November 2007
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BBC Article - Art Demand "bucks" Credit Crunch, by Bram on Jul 8, 2008 21:44:21 GMT 1, It was my wedding anniversary the other day so I asked my better half how she'd like to celebrate.
"Take me somewhere expensive" she replied
so I dropped her off at the petrol station ;D
No seriously. I had a table booked for 8 o'clock. She was really excited which I was surprised at as I didn't think she was into snooker that much. ;D
Yeah the credit crunch is hitting, even the taxi drivers are taking the shortest routes.
It was my wedding anniversary the other day so I asked my better half how she'd like to celebrate.
"Take me somewhere expensive" she replied
so I dropped her off at the petrol station ;D
No seriously. I had a table booked for 8 o'clock. She was really excited which I was surprised at as I didn't think she was into snooker that much. ;D
Yeah the credit crunch is hitting, even the taxi drivers are taking the shortest routes.
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jakek
New Member
Posts โข 789
Likes โข 54
June 2008
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BBC Article - Art Demand "bucks" Credit Crunch, by jakek on Jul 8, 2008 21:47:48 GMT 1, Also a fantastic way to launder your money too, especially your Ruble's
Maybe if Inter should try that tactic when trying to sign Lampard...
"Hi Roman, it's Jose here - fancy swapping an unsigned trolleys and a signed stop and search for your Fat Frank?"
Also a fantastic way to launder your money too, especially your Ruble's Maybe if Inter should try that tactic when trying to sign Lampard... "Hi Roman, it's Jose here - fancy swapping an unsigned trolleys and a signed stop and search for your Fat Frank?" |
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BBC Article - Art Demand "bucks" Credit Crunch, by Daniel Silk on Jul 8, 2008 21:51:06 GMT 1, I can see the petrol situation getting really really bad Has anyone else noticed less cars on the roads over the last couple of months?
I can see the petrol situation getting really really bad Has anyone else noticed less cars on the roads over the last couple of months? |
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eddiedangerous
Junior Member
Posts โข 1,600
Likes โข 40
October 2007
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BBC Article - Art Demand "bucks" Credit Crunch, by eddiedangerous on Jul 8, 2008 22:04:29 GMT 1, Eddie, I can't fault your armageddon scenario, I'm not an analyst but I sure as hell don't see many signs out there that we remain in a golden era of rising wealth and improving standards of living. However, any geezer with the sort of moollah being discussed here is going to focus at this stage on wealth preservation, and not so much on seeking the last remaining arena for punting speculative dosh. Street art can hardly be regarded as a safe haven, so its unlikely those Eelus and Grafters are going to be a better bet than gold over the next few years.
i am a bit of a conspiracy theorist no lions, romany will be more than happy to back me up there, as I've chewed his ear off with most of them!!!
Eddie, I can't fault your armageddon scenario, I'm not an analyst but I sure as hell don't see many signs out there that we remain in a golden era of rising wealth and improving standards of living. However, any geezer with the sort of moollah being discussed here is going to focus at this stage on wealth preservation, and not so much on seeking the last remaining arena for punting speculative dosh. Street art can hardly be regarded as a safe haven, so its unlikely those Eelus and Grafters are going to be a better bet than gold over the next few years. i am a bit of a conspiracy theorist no lions, romany will be more than happy to back me up there, as I've chewed his ear off with most of them!!! |
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eddiedangerous
Junior Member
Posts โข 1,600
Likes โข 40
October 2007
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BBC Article - Art Demand "bucks" Credit Crunch, by eddiedangerous on Jul 8, 2008 22:09:13 GMT 1, I can see the petrol situation getting really really bad Has anyone else noticed less cars on the roads over the last couple of months?
i haven't really noticed less cars on the roads in the c zone (outside of the norm school hols etc) but what u do notice as the petrol prices rise is the squeek of the break pads all around you when you pull up at the lights and the gaffer tape holding cars together!!! the extra money on petrol means less services and less safer cars on th roads!!
I can see the petrol situation getting really really bad Has anyone else noticed less cars on the roads over the last couple of months? i haven't really noticed less cars on the roads in the c zone (outside of the norm school hols etc) but what u do notice as the petrol prices rise is the squeek of the break pads all around you when you pull up at the lights and the gaffer tape holding cars together!!! the extra money on petrol means less services and less safer cars on th roads!! |
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Bram
Artist
Junior Member
Posts โข 2,818
Likes โข 295
November 2007
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BBC Article - Art Demand "bucks" Credit Crunch, by Bram on Jul 8, 2008 22:10:30 GMT 1, Eddie, I can't fault your armageddon scenario, I'm not an analyst but I sure as hell don't see many signs out there that we remain in a golden era of rising wealth and improving standards of living. However, any geezer with the sort of moollah being discussed here is going to focus at this stage on wealth preservation, and not so much on seeking the last remaining arena for punting speculative dosh. Street art can hardly be regarded as a safe haven, so its unlikely those Eelus and Grafters are going to be a better bet than gold over the next few years.
So true but what about those Eelusov and Graterov ones? and
Ivor Neate (no I haven't)
Eddie, I can't fault your armageddon scenario, I'm not an analyst but I sure as hell don't see many signs out there that we remain in a golden era of rising wealth and improving standards of living. However, any geezer with the sort of moollah being discussed here is going to focus at this stage on wealth preservation, and not so much on seeking the last remaining arena for punting speculative dosh. Street art can hardly be regarded as a safe haven, so its unlikely those Eelus and Grafters are going to be a better bet than gold over the next few years. So true but what about those Eelusov and Graterov ones? and Ivor Neate (no I haven't) |
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Tiki
Junior Member
Posts โข 1,223
Likes โข 157
May 2008
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BBC Article - Art Demand "bucks" Credit Crunch, by Tiki on Jul 8, 2008 22:11:48 GMT 1, I can see the petrol situation getting really really bad Has anyone else noticed less cars on the roads over the last couple of months? i haven't really noticed less cars on the roads in the c zone (outside of the norm school hols etc) but what u do notice as the petrol prices rise is the squeek of the break pads all around you when you pull up at the lights and the gaffer tape holding cars together!!! the extra money on petrol means less services and less safer cars on th roads!!
Which means no money for trivial unesicary things like art!
Banksy for a tenner anyone? man gotta eat!
I can see the petrol situation getting really really bad Has anyone else noticed less cars on the roads over the last couple of months? i haven't really noticed less cars on the roads in the c zone (outside of the norm school hols etc) but what u do notice as the petrol prices rise is the squeek of the break pads all around you when you pull up at the lights and the gaffer tape holding cars together!!! the extra money on petrol means less services and less safer cars on th roads!! Which means no money for trivial unesicary things like art! Banksy for a tenner anyone? man gotta eat! |
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Prescription Art
Art Gallery
Junior Member
Posts โข 3,145
Likes โข 1,210
November 2007
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BBC Article - Art Demand "bucks" Credit Crunch, by Prescription Art on Jul 8, 2008 22:17:35 GMT 1, i haven't really noticed less cars on the roads in the c zone (outside of the norm school hols etc) but what u do notice as the petrol prices rise is the squeek of the break pads all around you when you pull up at the lights and the gaffer tape holding cars together!!! the extra money on petrol means less services and less safer cars on th roads!!
There are MORE cars held together with gaffa tape in South London? Good grief....
I must admit i'm probably driving a bit less and hammering it less on the motorway... but I put that down to becoming an old git.
i haven't really noticed less cars on the roads in the c zone (outside of the norm school hols etc) but what u do notice as the petrol prices rise is the squeek of the break pads all around you when you pull up at the lights and the gaffer tape holding cars together!!! the extra money on petrol means less services and less safer cars on th roads!! There are MORE cars held together with gaffa tape in South London? Good grief.... I must admit i'm probably driving a bit less and hammering it less on the motorway... but I put that down to becoming an old git. |
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so they are looking for alternatives. Urban Art seems to be about the only thing thats looking strong, so thats where they are spending the money, and with more and more doing the same thing 
up, up, up! 
