ROLLINS
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November 2006
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The Art Crunch, by ROLLINS on May 27, 2008 17:00:46 GMT 1, Hi All.
Has the credit crunch stopped you buying art.
Last year - I was buying 1,2 or maybe 3 pieces a month.
So far this year, I've bought 1!!!!
I'm having to choose very carefully and even turned stuff down if it's been available on sites. My GF keeps telling me to buy them - but I can't afford them now.
Anyone else sharing my woahs??
Hi All. Has the credit crunch stopped you buying art. Last year - I was buying 1,2 or maybe 3 pieces a month. So far this year, I've bought 1!!!! I'm having to choose very carefully and even turned stuff down if it's been available on sites. My GF keeps telling me to buy them - but I can't afford them now. Anyone else sharing my woahs?? |
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nacional
Junior Member
Posts โข 1,734
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August 2007
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The Art Crunch, by nacional on May 27, 2008 17:06:59 GMT 1, I really don't understand this "crunch". I am earning as much as I was last year, everything seems to be cheaper, more stuff for sale prices, my credit card limit keeps rising.
Crisis...what crisis.....
I really don't understand this "crunch". I am earning as much as I was last year, everything seems to be cheaper, more stuff for sale prices, my credit card limit keeps rising.
Crisis...what crisis.....
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ROLLINS
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Posts โข 303
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November 2006
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The Art Crunch, by ROLLINS on May 27, 2008 17:08:03 GMT 1, Maybe it's because I'm an estate agent???
Anyone got a job for me??
Maybe it's because I'm an estate agent??? Anyone got a job for me?? |
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The Art Crunch, by giiiant on May 27, 2008 17:09:16 GMT 1, I really don't understand this "crunch". I am earning as much as I was last year, everything seems to be cheaper, more stuff for sale prices, my credit card limit keeps rising. Crisis...what crisis.....
It's all bullshit really.
I really don't understand this "crunch". I am earning as much as I was last year, everything seems to be cheaper, more stuff for sale prices, my credit card limit keeps rising. Crisis...what crisis..... It's all bullsh it really. |
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13loco
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Posts โข 512
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September 2007
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The Art Crunch, by 13loco on May 27, 2008 17:19:40 GMT 1, With the actual rate pound/โฌ and $/โฌ all the prints are around 20% cheaper for a "continental bagger"....
;D ;D ;D
With the actual rate pound/โฌ and $/โฌ all the prints are around 20% cheaper for a "continental bagger"....
;D ;D ;D
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ROLLINS
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Posts โข 303
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November 2006
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The Art Crunch, by ROLLINS on May 27, 2008 17:22:22 GMT 1, Oh great !!!!!
That doesn't help! 
Oh great !!!!! That doesn't help! |
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dotdot
Junior Member
Posts โข 3,651
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December 2006
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The Art Crunch, by dotdot on May 27, 2008 17:24:56 GMT 1, if it's not crunch (as in dairy) it's a squeeze (as in up the junction..) ....
if people are not tightening their belts.. well
they're selling their collections...hand finished / creased.. or not....
either way - you're either still in search of that
litta or giving it all a bye due to lack of money / ebay presence...
.. it's all relative - like a lot of things...
me ? I'm skint totally. ;<
if it's not crunch (as in dairy) it's a squeeze (as in up the junction..) .... if people are not tightening their belts.. well they're selling their collections...hand finished / creased.. or not.... either way - you're either still in search of that litta or giving it all a bye due to lack of money / ebay presence... .. it's all relative - like a lot of things... me ? I'm skint totally. ;< |
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angryboy
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Posts โข 366
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October 2007
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The Art Crunch, by angryboy on May 27, 2008 17:25:55 GMT 1, I think as an estate agent you're being hit by it harder now than most really. It definitely exists though no matter how much it hasn't affected everyone personally. There's still some real issues with the future of the mortgage market, hence estate agents feeling it.
Regarding the initial question about if it's stopped you buying I'm being very careful about not spending any money as I see a lot of redundancies in the near future and want to have some savings if it happens - mainly as if it happens to me I intend to go travel the world for 6 months and will need to pay for it. The savings are burning a hole in my pocket though and I was dreaming about spunking a few k on art last night. The temptation is strong.
I think as an estate agent you're being hit by it harder now than most really. It definitely exists though no matter how much it hasn't affected everyone personally. There's still some real issues with the future of the mortgage market, hence estate agents feeling it.
Regarding the initial question about if it's stopped you buying I'm being very careful about not spending any money as I see a lot of redundancies in the near future and want to have some savings if it happens - mainly as if it happens to me I intend to go travel the world for 6 months and will need to pay for it. The savings are burning a hole in my pocket though and I was dreaming about spunking a few k on art last night. The temptation is strong.
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The Art Crunch, by jonpud on May 27, 2008 17:37:28 GMT 1, It's a blip, pure and simple.
Talking to my barber the other day, he aint going on holiday this year cuz he's being cautious about whats going on at the moment, he would sooner keep the money in the bank just in case! He also commented that regular customers who used to come in once a month are now coming in every 6 weeks!
Bit vague but sums up the current climate perfectly IMO
It's a blip, pure and simple.
Talking to my barber the other day, he aint going on holiday this year cuz he's being cautious about whats going on at the moment, he would sooner keep the money in the bank just in case! He also commented that regular customers who used to come in once a month are now coming in every 6 weeks!
Bit vague but sums up the current climate perfectly IMO
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ROLLINS
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Posts โข 303
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November 2006
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The Art Crunch, by ROLLINS on May 27, 2008 17:39:35 GMT 1, I agree.
It's going on everywhere.
I suppose after the feast - we've now got famine. For the next two years anyway.
There's still still art I'd like - but not that much to buy at the moment.
I agree.
It's going on everywhere.
I suppose after the feast - we've now got famine. For the next two years anyway.
There's still still art I'd like - but not that much to buy at the moment.
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jam
Junior Member
Posts โข 1,629
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November 2006
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The Art Crunch, by jam on May 27, 2008 17:57:04 GMT 1, I don't believe there is a 'crunch' as much as that people are more judicious about what they buy. Quite a few people bought many things they wanted over the past couple years, so there is less wall space to even allow for a new piece... so you really need to choose very carefully.
Truthfully, I have bought far more per month in the last 5-6 months than I have in over two years. After being distracted by all the random art that has been coming out on the scene, I am back on track to buy the things I think are the best pieces by the best artists that will be relevant in 5, 10, 50 years time.
I don't believe there is a 'crunch' as much as that people are more judicious about what they buy. Quite a few people bought many things they wanted over the past couple years, so there is less wall space to even allow for a new piece... so you really need to choose very carefully.
Truthfully, I have bought far more per month in the last 5-6 months than I have in over two years. After being distracted by all the random art that has been coming out on the scene, I am back on track to buy the things I think are the best pieces by the best artists that will be relevant in 5, 10, 50 years time.
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The Art Crunch, by felix on May 27, 2008 18:01:41 GMT 1, High street retail sales are the worst they have been in 5 years, cost of living is rising, houses aren't selling, people aren't getting bonuses, it's bound to have some kind of effect.
Another positive post by me 
High street retail sales are the worst they have been in 5 years, cost of living is rising, houses aren't selling, people aren't getting bonuses, it's bound to have some kind of effect. Another positive post by me |
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clipit101
New Member
Posts โข 23
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December 2009
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The Art Crunch, by clipit101 on May 27, 2008 18:06:23 GMT 1, food cost more as well as amenities
food cost more as well as amenities
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Heavyconsumer
Junior Member
Posts โข 4,974
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February 2008
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The Art Crunch, by Heavyconsumer on May 27, 2008 18:10:05 GMT 1, Good point Jam! Sadly for ROLLINS though, he's likely to suffer for the next year as an estate agent. If there's one job I wouldn't want at the moment that's it! People are speculating that prices are going to drop. Sellers don't want to give more value to the buyer than they feel there home is worth (of course) and buyers don't want to borrow 300k when maybe they could rent and save a bit more and then only have to borrow 250k with a slightly bigger deposit next year. It's all swings and roundabouts of course, but the agents arer seeing some lean times. My Mum's had local agencies dropping cards through the letterbox offering to act for 0.5%!!!!!
Good point Jam! Sadly for ROLLINS though, he's likely to suffer for the next year as an estate agent. If there's one job I wouldn't want at the moment that's it! People are speculating that prices are going to drop. Sellers don't want to give more value to the buyer than they feel there home is worth (of course) and buyers don't want to borrow 300k when maybe they could rent and save a bit more and then only have to borrow 250k with a slightly bigger deposit next year. It's all swings and roundabouts of course, but the agents arer seeing some lean times. My Mum's had local agencies dropping cards through the letterbox offering to act for 0.5%!!!!!
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angryboy
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Posts โข 366
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October 2007
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The Art Crunch, by angryboy on May 27, 2008 18:12:04 GMT 1, According to a quick google back in March the number of available mortgage products had dropped from 6,501 a year previous to 1,867. That's the credit crunch part.
Any rising prices etc. are another problem.
According to a quick google back in March the number of available mortgage products had dropped from 6,501 a year previous to 1,867. That's the credit crunch part.
Any rising prices etc. are another problem.
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dealersam
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Posts โข 172
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July 2007
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The Art Crunch, by dealersam on May 27, 2008 18:12:44 GMT 1, got to admit, whilst i'm feeling the squeeze r.e living costs i've seen trading in art as somewhat of a boom over the last couple of months - very suprising as i thought i would have had a massive impact.
But if you look at art purely from an investment angle it isn't going tits like everything else & i think that has helped encourage the art market even at the print buying level.
got to admit, whilst i'm feeling the squeeze r.e living costs i've seen trading in art as somewhat of a boom over the last couple of months - very suprising as i thought i would have had a massive impact.
But if you look at art purely from an investment angle it isn't going tits like everything else & i think that has helped encourage the art market even at the print buying level.
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The Art Crunch, by Agent Provocateur on May 27, 2008 18:19:35 GMT 1, I know what you're saying... but recently I have spent a bit more than I was anticipating on prints . Only because my favourite artists (excluding Banksy) seem to have been releasing really cracking work which is quite affordable ;D. This year I have managed to obtain one of the SF 'Led Zeppelin' prints (ltd to 300), a MB 'They'll rip your heart out' (one of the 30 produced) and one of C215's 'Nina' prints last week for ยฃ161 including VAT and delivery (only 30 of them to)!! Woohoo.
Now comes the crunch, if I can get a Hush 'Graf geisha' in red this week then I am home and dry for a couple of months . Admittedly there's only 25 of them so I think I may be hard pushed to beat the scrum  .
Another guy posted before said something quite pertinent as well, what may be happening is that because of the explosion in street art more and more people have been chasing the great work on offer... but still managing to buy lots of stuff because of the many artists out there now in the public eye. This could not continue so as peoples wall space becomes chocca and they have a glutt of prints it could be that people are reverting to being choosy.
Still I'm a happy guy... and I'm sure most everyone else is IF they're buying what they like not just hoovering up anything that comes along.
I know what you're saying... but recently I have spent a bit more than I was anticipating on prints . Only because my favourite artists (excluding Banksy) seem to have been releasing really cracking work which is quite affordable ;D. This year I have managed to obtain one of the SF 'Led Zeppelin' prints (ltd to 300), a MB 'They'll rip your heart out' (one of the 30 produced) and one of C215's 'Nina' prints last week for ยฃ161 including VAT and delivery (only 30 of them to)!! Woohoo. Now comes the crunch, if I can get a Hush 'Graf geisha' in red this week then I am home and dry for a couple of months . Admittedly there's only 25 of them so I think I may be hard pushed to beat the scrum . Another guy posted before said something quite pertinent as well, what may be happening is that because of the explosion in street art more and more people have been chasing the great work on offer... but still managing to buy lots of stuff because of the many artists out there now in the public eye. This could not continue so as peoples wall space becomes chocca and they have a glutt of prints it could be that people are reverting to being choosy. Still I'm a happy guy... and I'm sure most everyone else is IF they're buying what they like not just hoovering up anything that comes along. |
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trowel
New Member
Posts โข 622
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September 2006
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The Art Crunch, by trowel on May 27, 2008 18:23:17 GMT 1, Unfortunately, from a buyer's perspective, the side-effect of the booming investment angle is that the artists and galleries have reacted accordingly and the sub-ยฃ100 bargains of yesteryear seem few and far between. Long live the ยฃ50 thread!!
Unfortunately, from a buyer's perspective, the side-effect of the booming investment angle is that the artists and galleries have reacted accordingly and the sub-ยฃ100 bargains of yesteryear seem few and far between. Long live the ยฃ50 thread!!
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ROLLINS
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Posts โข 303
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November 2006
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The Art Crunch, by ROLLINS on May 27, 2008 18:24:39 GMT 1, I guess I'm going to have to for go the next BIG release.
It's either eat or look at some art on the wall over the next year.
food wins hands down I'm afraid!!!.
and NO....I'm not selling anything before anyone asks!!!!
I guess I'm going to have to for go the next BIG release.
It's either eat or look at some art on the wall over the next year.
food wins hands down I'm afraid!!!.
and NO....I'm not selling anything before anyone asks!!!!
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Heavyconsumer
Junior Member
Posts โข 4,974
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February 2008
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The Art Crunch, by Heavyconsumer on May 27, 2008 18:25:08 GMT 1, Long live the ยฃ50 thread!!
I'm with you!
Long live the ยฃ50 thread!! I'm with you! |
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ROLLINS
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Posts โข 303
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November 2006
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The Art Crunch, by ROLLINS on May 27, 2008 18:26:06 GMT 1, PLUS.....
most of the stuff I'm hanging out for at the moment is by the more "undesirables", so should still be in the region of ยฃ100
PLUS.....
most of the stuff I'm hanging out for at the moment is by the more "undesirables", so should still be in the region of ยฃ100
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nacional
Junior Member
Posts โข 1,734
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August 2007
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The Art Crunch, by nacional on May 27, 2008 18:35:23 GMT 1, Shit, sorry guys, came across as a bit of a t**t I guess.
But, I don't live in England and only visit it frequently, so I guess I don't really see the reality of life there...
Shit, sorry guys, came across as a bit of a t**t I guess.
But, I don't live in England and only visit it frequently, so I guess I don't really see the reality of life there...
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jam
Junior Member
Posts โข 1,629
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November 2006
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The Art Crunch, by jam on May 27, 2008 18:39:27 GMT 1, Also remember last spring at this time, prices went lower than that they had normally been at as well. For a month or two they were down, then back even stronger than they were. Feb-Mar 2008 were VERY strong, and everything was selling, so with that comes a slow down for late spring. I also notice some prints are still doing all the money they were a couple months ago, such as the LIITA on ebay. I expect if/when POW release the next LA Banksy print that the prices will go back up and pass their previous marks. I am thrilled things are back down, so I can pick up some of the one's I passed on earlier!
Also remember last spring at this time, prices went lower than that they had normally been at as well. For a month or two they were down, then back even stronger than they were. Feb-Mar 2008 were VERY strong, and everything was selling, so with that comes a slow down for late spring. I also notice some prints are still doing all the money they were a couple months ago, such as the LIITA on ebay. I expect if/when POW release the next LA Banksy print that the prices will go back up and pass their previous marks. I am thrilled things are back down, so I can pick up some of the one's I passed on earlier!
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angryboy
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Posts โข 366
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October 2007
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The Art Crunch, by angryboy on May 27, 2008 18:40:19 GMT 1, I think for the most part it's anticipation of what's to come rather than any real effect, a tightening of spending in preparation. A bit different for an estate agent though who'll be feeling it now though as no one's buying/selling houses.
I think for the most part it's anticipation of what's to come rather than any real effect, a tightening of spending in preparation. A bit different for an estate agent though who'll be feeling it now though as no one's buying/selling houses.
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ROLLINS
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Posts โข 303
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November 2006
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The Art Crunch, by ROLLINS on May 27, 2008 19:29:45 GMT 1, Thanks all.
I thought you were all going to talk about scummy estate agents.
Thanks for all being understanding.
Nice!!!!
Thanks all.
I thought you were all going to talk about scummy estate agents.
Thanks for all being understanding.
Nice!!!!
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The Art Crunch, by arcam on May 27, 2008 19:39:45 GMT 1, Also remember last spring at this time, prices went lower than that they had normally been at as well.
I remember that as well as I passed up on a couple of Faile's for stupid prices.
Also remember last spring at this time, prices went lower than that they had normally been at as well. I remember that as well as I passed up on a couple of Faile's for stupid prices. |
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