hungrig
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May 2006
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Banksy Forum - www.Banksy.info - NEWS, by hungrig on Feb 26, 2008 6:16:32 GMT 1,
MASSIVE BOOST IN ART VALUES
Sale prices of Art by D*Face, Faile & Nick Walker have been given a massive boost since the Urban Art Auction held at Bonhams the other week. If you have had your eye on any of those artists works, now would be the time to buy before the prices really start to get out of reach as the America Art market are also starting to take notice of the UK's Urban Art scene.
Search on Ebay - rover.ebay.com/rover/1/710-5232-2978-1/1?AID=9479574&PID=1909291&mpre=http%3A//www.ebay.co.uk/
After reading the above section of the Banksy.info newsletter today, I thought a gentle word of caution was in order, especially when telling others that "now would be the time to buy" D*Face, Faile and Nick Walker.
Very dangerous territory for a responsible forum to tread on, since it more or less constitutes financial advice. Let us not forget that, as with rates of interest, the value of art can go up as well as down.
Some of you may be very new to the game of art collecting. You may see it as an easy way to turn a fast buck or to quickly increase the value of your collections. Perhaps you are incentivised and influenced by the above "buy-now-before-it's-too-late" advice. To fund more art purchases, you may be tempted to take out another loan, max out your credit cards, or remortgage your home. If so, then proceed with great care; investing in art is a far cry from being a safe bet.
For those either with long memories or who can be bothered to do some research, look at what happened to the art market in the early 1990s.
For the others, recent history also provides the perfect cautionary tale. I remember one talented artist who, in spring/summer 2007, was considered a "sure thing". He could do no wrong and, in the speculative eyes of many, he was viewed as "the next Banksy". People seriously indebted themselves to buy his work at already inflated prices because "the only way was up" and they didn't want to miss the boat. Then, come October/November 2007, the hospitals were filled with burn victims.
Let's be careful out there.
MASSIVE BOOST IN ART VALUES
Sale prices of Art by D*Face, Faile & Nick Walker have been given a massive boost since the Urban Art Auction held at Bonhams the other week. If you have had your eye on any of those artists works, now would be the time to buy before the prices really start to get out of reach as the America Art market are also starting to take notice of the UK's Urban Art scene.
Search on Ebay - rover.ebay.com/rover/1/710-5232-2978-1/1?AID=9479574&PID=1909291&mpre=http%3A//www.ebay.co.uk/After reading the above section of the Banksy.info newsletter today, I thought a gentle word of caution was in order, especially when telling others that " now would be the time to buy" D*Face, Faile and Nick Walker. Very dangerous territory for a responsible forum to tread on, since it more or less constitutes financial advice. Let us not forget that, as with rates of interest, the value of art can go up as well as down. Some of you may be very new to the game of art collecting. You may see it as an easy way to turn a fast buck or to quickly increase the value of your collections. Perhaps you are incentivised and influenced by the above "buy-now-before-it's-too-late" advice. To fund more art purchases, you may be tempted to take out another loan, max out your credit cards, or remortgage your home. If so, then proceed with great care; investing in art is a far cry from being a safe bet. For those either with long memories or who can be bothered to do some research, look at what happened to the art market in the early 1990s. For the others, recent history also provides the perfect cautionary tale. I remember one talented artist who, in spring/summer 2007, was considered a "sure thing". He could do no wrong and, in the speculative eyes of many, he was viewed as "the next Banksy". People seriously indebted themselves to buy his work at already inflated prices because "the only way was up" and they didn't want to miss the boat. Then, come October/November 2007, the hospitals were filled with burn victims. Let's be careful out there.
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jB
Junior Member
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June 2007
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Banksy Forum - www.Banksy.info - NEWS, by jB on Feb 26, 2008 6:19:47 GMT 1, stick to what you like and can afford to lose and all should be ok!
stick to what you like and can afford to lose and all should be ok!
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bill
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November 2007
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Banksy Forum - www.Banksy.info - NEWS, by bill on Feb 26, 2008 6:21:03 GMT 1, could that be Antony Micallef you speak of???
could that be Antony Micallef you speak of???
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Heavyconsumer
Junior Member
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February 2008
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Banksy Forum - www.Banksy.info - NEWS, by Heavyconsumer on Feb 26, 2008 6:44:24 GMT 1, Micallef has tremendous talent and a solid following. His work should not drop too much in value imo. Unlike some of his peers, any works of his bought from source, will still turn a tidy profit, if not quite as much as a few months ago. Likewise if you go out and spend ยฃ2500 on a recent Banksy release, there is no guarantee of a short-term profit.
As so many members keep advising on this and other threads, if you like someone's work, buy it to enjoy it. Then your fingers will never be burned. If when you get bored of something, you happen to profit from it, great! People looking for a quick buck should be very careful however, in what can be a volatile marketplace.
Micallef has tremendous talent and a solid following. His work should not drop too much in value imo. Unlike some of his peers, any works of his bought from source, will still turn a tidy profit, if not quite as much as a few months ago. Likewise if you go out and spend ยฃ2500 on a recent Banksy release, there is no guarantee of a short-term profit.
As so many members keep advising on this and other threads, if you like someone's work, buy it to enjoy it. Then your fingers will never be burned. If when you get bored of something, you happen to profit from it, great! People looking for a quick buck should be very careful however, in what can be a volatile marketplace.
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Deleted
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January 1970
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Banksy Forum - www.Banksy.info - NEWS, by Deleted on Feb 26, 2008 8:27:09 GMT 1, whilst i agree that micalef is a tremendous talent, i wouldnt say are always going to turn in a tidy profit from his work bought at source. a print from his recent show just went for around ยฃ650 on ebay at an original cost of ยฃ1175 including VAT. all 4 of his prints from the LAz LA show now go regularly under cost.
i agree with the original posts about not giving out the kind of advice that was in the email from the forum.
whilst i agree that micalef is a tremendous talent, i wouldnt say are always going to turn in a tidy profit from his work bought at source. a print from his recent show just went for around ยฃ650 on ebay at an original cost of ยฃ1175 including VAT. all 4 of his prints from the LAz LA show now go regularly under cost.
i agree with the original posts about not giving out the kind of advice that was in the email from the forum.
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jynormous
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November 2007
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Banksy Forum - www.Banksy.info - NEWS, by jynormous on Feb 26, 2008 11:22:01 GMT 1, MASSIVE BOOST IN ART VALUES
Sale prices of Art by D*Face, Faile & Nick Walker have been given a massive boost since the Urban Art Auction held at Bonhams the other week. If you have had your eye on any of those artists works, now would be the time to buy before the prices really start to get out of reach as the America Art market are also starting to take notice of the UK's Urban Art scene.
Search on Ebay - rover.ebay.com/rover/1/710-5232-2978-1/1?AID=9479574&PID=1909291&mpre=http%3A//www.ebay.co.uk/After reading the above section of the Banksy.info newsletter today, I thought a gentle word of caution was in order, especially when telling others that " now would be the time to buy" D*Face, Faile and Nick Walker. Very dangerous territory for a responsible forum to tread on, since it more or less constitutes financial advice. Let us not forget that, as with rates of interest, the value of art can go up as well as down. Some of you may be very new to the game of art collecting. You may see it as an easy way to turn a fast buck or to quickly increase the value of your collections. Perhaps you are incentivised and influenced by the above "buy-now-before-it's-too-late" advice. To fund more art purchases, you may be tempted to take out another loan, max out your credit cards, or remortgage your home. If so, then proceed with great care; investing in art is a far cry from being a safe bet. For those either with long memories or who can be bothered to do some research, look at what happened to the art market in the early 1990s. For the others, recent history also provides the perfect cautionary tale. I remember one talented artist who, in spring/summer 2007, was considered a "sure thing". He could do no wrong and, in the speculative eyes of many, he was viewed as "the next Banksy". People seriously indebted themselves to buy his work at already inflated prices because "the only way was up" and they didn't want to miss the boat. Then, come October/November 2007, the hospitals were filled with burn victims. Let's be careful out there.
Well said. We must all remember the rules of art:
1) Only buy if you can afford it
2) Only buy it if you like it
3) Write it off a debit as soon as you buy, meaning dont count it as an asset.
Then, if in 30 years time its worth ยฃ10, thats fine, because you have bought something you love!
MASSIVE BOOST IN ART VALUES
Sale prices of Art by D*Face, Faile & Nick Walker have been given a massive boost since the Urban Art Auction held at Bonhams the other week. If you have had your eye on any of those artists works, now would be the time to buy before the prices really start to get out of reach as the America Art market are also starting to take notice of the UK's Urban Art scene.
Search on Ebay - rover.ebay.com/rover/1/710-5232-2978-1/1?AID=9479574&PID=1909291&mpre=http%3A//www.ebay.co.uk/After reading the above section of the Banksy.info newsletter today, I thought a gentle word of caution was in order, especially when telling others that " now would be the time to buy" D*Face, Faile and Nick Walker. Very dangerous territory for a responsible forum to tread on, since it more or less constitutes financial advice. Let us not forget that, as with rates of interest, the value of art can go up as well as down. Some of you may be very new to the game of art collecting. You may see it as an easy way to turn a fast buck or to quickly increase the value of your collections. Perhaps you are incentivised and influenced by the above "buy-now-before-it's-too-late" advice. To fund more art purchases, you may be tempted to take out another loan, max out your credit cards, or remortgage your home. If so, then proceed with great care; investing in art is a far cry from being a safe bet. For those either with long memories or who can be bothered to do some research, look at what happened to the art market in the early 1990s. For the others, recent history also provides the perfect cautionary tale. I remember one talented artist who, in spring/summer 2007, was considered a "sure thing". He could do no wrong and, in the speculative eyes of many, he was viewed as "the next Banksy". People seriously indebted themselves to buy his work at already inflated prices because "the only way was up" and they didn't want to miss the boat. Then, come October/November 2007, the hospitals were filled with burn victims. Let's be careful out there. Well said. We must all remember the rules of art: 1) Only buy if you can afford it 2) Only buy it if you like it 3) Write it off a debit as soon as you buy, meaning dont count it as an asset. Then, if in 30 years time its worth ยฃ10, thats fine, because you have bought something you love! |
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Banksy Forum - www.Banksy.info - NEWS, by birdboxsniper on Feb 26, 2008 11:23:32 GMT 1, very good advice hungrig. I thought the newsletters new flavour of advertising sales and giving investment advice was rather strange. 
found it really strange too, have always loved reading this forum but of recent it really feels like there is a different agenda to the forum - last newsletter i read was basically advertising the watchtower someone is flipping on ebay - is this your watchtower silky?
very good advice hungrig. I thought the newsletters new flavour of advertising sales and giving investment advice was rather strange. found it really strange too, have always loved reading this forum but of recent it really feels like there is a different agenda to the forum - last newsletter i read was basically advertising the watchtower someone is flipping on ebay - is this your watchtower silky? |
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sham69
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Posts โข 451
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March 2007
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Banksy Forum - www.Banksy.info - NEWS, by sham69 on Feb 26, 2008 11:31:44 GMT 1, hungrig
harsh words softly spoken
good post
hungrig
harsh words softly spoken
good post
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Banksy Forum - www.Banksy.info - NEWS, by Daniel Silk on Feb 26, 2008 11:47:46 GMT 1, Sorry  but I find this thread a little strange.
Sale prices of Art by D*Face, Faile & Nick Walker have been given a massive boost since the Urban Art Auction held at Bonhams the other week. If you have had your eye on any of those artists works, now would be the time to buy before the prices really start to get out of reach as the America Art market are also starting to take notice of the UK's Urban Art scene.
If you read my email again, you will notice I was never talking about investments 
If your a fan of those artists and you have had an eye on a piece that you don't already have in your collection, I would try to get your hands on one now.
I can understand that if you have investment in your mind then it could be taken another way but that would be your problem not mine 
Sorry but I find this thread a little strange. Sale prices of Art by D*Face, Faile & Nick Walker have been given a massive boost since the Urban Art Auction held at Bonhams the other week. If you have had your eye on any of those artists works, now would be the time to buy before the prices really start to get out of reach as the America Art market are also starting to take notice of the UK's Urban Art scene.If you read my email again, you will notice I was never talking about investments If your a fan of those artists and you have had an eye on a piece that you don't already have in your collection, I would try to get your hands on one now. I can understand that if you have investment in your mind then it could be taken another way but that would be your problem not mine |
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Banksy Forum - www.Banksy.info - NEWS, by manchestermike on Feb 26, 2008 11:59:38 GMT 1, Sorry but I find this thread a little strange. Sale prices of Art by D*Face, Faile & Nick Walker have been given a massive boost since the Urban Art Auction held at Bonhams the other week. If you have had your eye on any of those artists works, now would be the time to buy before the prices really start to get out of reach as the America Art market are also starting to take notice of the UK's Urban Art scene.If you read my email again, you will notice I was never talking about investments If your a fan of those artists and you have had an eye on a piece that you don't already have in your collection, I would try to get your hands on one now. I can understand that if you have investment in your mind then it could be taken another way but that would be your problem not mine
Dan, I think hungrig was trying to be helpful here... you just have to be very careful with what you say about anything publicly now, especially something that can be seen by some as financial advice...
What if a new collector goes out, spends a fortune on DFace (using D as an example only!) only to find out 3 months later that his purchases are worth less than half of what he paid...
He then goes to his solicitor with a copy of the mail out saying he was taking your advice...
Hungrig was just saying be wary mate, that's all
Sorry but I find this thread a little strange. Sale prices of Art by D*Face, Faile & Nick Walker have been given a massive boost since the Urban Art Auction held at Bonhams the other week. If you have had your eye on any of those artists works, now would be the time to buy before the prices really start to get out of reach as the America Art market are also starting to take notice of the UK's Urban Art scene.If you read my email again, you will notice I was never talking about investments If your a fan of those artists and you have had an eye on a piece that you don't already have in your collection, I would try to get your hands on one now. I can understand that if you have investment in your mind then it could be taken another way but that would be your problem not mine Dan, I think hungrig was trying to be helpful here... you just have to be very careful with what you say about anything publicly now, especially something that can be seen by some as financial advice... What if a new collector goes out, spends a fortune on DFace (using D as an example only!) only to find out 3 months later that his purchases are worth less than half of what he paid... He then goes to his solicitor with a copy of the mail out saying he was taking your advice... Hungrig was just saying be wary mate, that's all |
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Banksy Forum - www.Banksy.info - NEWS, by insite on Feb 26, 2008 12:06:43 GMT 1, I've just read the whole thread, hungrig didn't use the word investments in fact it was only used once in a response.
As too MMs points, I believe American celebrities have been sued over financial schemes which they endorsed and which didn't give the expected returns, forewarned and all that.
I've just read the whole thread, hungrig didn't use the word investments in fact it was only used once in a response.
As too MMs points, I believe American celebrities have been sued over financial schemes which they endorsed and which didn't give the expected returns, forewarned and all that.
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hungrig
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May 2006
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Banksy Forum - www.Banksy.info - NEWS, by hungrig on Feb 26, 2008 22:24:58 GMT 1, Sorry but I find this thread a little strange. Sale prices of Art by D*Face, Faile & Nick Walker have been given a massive boost since the Urban Art Auction held at Bonhams the other week. If you have had your eye on any of those artists works, now would be the time to buy before the prices really start to get out of reach as the America Art market are also starting to take notice of the UK's Urban Art scene.If you read my email again, you will notice I was never talking about investments If your a fan of those artists and you have had an eye on a piece that you don't already have in your collection, I would try to get your hands on one now. I can understand that if you have investment in your mind then it could be taken another way but that would be your problem not mine
Silky,
Some members may attribute a great deal of weight to the reference to "now would be the time to buy before the prices really start to get out of reach". This suggests that prices for D*Face, Faile and Nick Walker will go up in the future.
After reading the newsletter and seeing recent auction house prices (which, like eBay auctions, can be easily manipulated by those with an interest in their outcome), certain members may decide to indebt themselves heavily in order to buy now, out of fear that the train will leave without them.
However, in case prices actually go down (like they recently did with Micallef), some people who lose out may be tempted to allocate blame. The risk is that you are potentially exposing yourself to legal liability on the basis that those members relied upon what you (in your capacity as Administrator of Banksy.info) wrote in the newsletter.
This is what my words of caution were meant to convey. No offence intended, and I hope none was taken.
hungrig
Sorry but I find this thread a little strange. Sale prices of Art by D*Face, Faile & Nick Walker have been given a massive boost since the Urban Art Auction held at Bonhams the other week. If you have had your eye on any of those artists works, now would be the time to buy before the prices really start to get out of reach as the America Art market are also starting to take notice of the UK's Urban Art scene.If you read my email again, you will notice I was never talking about investments If your a fan of those artists and you have had an eye on a piece that you don't already have in your collection, I would try to get your hands on one now. I can understand that if you have investment in your mind then it could be taken another way but that would be your problem not mine Silky, Some members may attribute a great deal of weight to the reference to "now would be the time to buy before the prices really start to get out of reach". This suggests that prices for D*Face, Faile and Nick Walker will go up in the future. After reading the newsletter and seeing recent auction house prices (which, like eBay auctions, can be easily manipulated by those with an interest in their outcome), certain members may decide to indebt themselves heavily in order to buy now, out of fear that the train will leave without them. However, in case prices actually go down (like they recently did with Micallef), some people who lose out may be tempted to allocate blame. The risk is that you are potentially exposing yourself to legal liability on the basis that those members relied upon what you (in your capacity as Administrator of Banksy.info) wrote in the newsletter. This is what my words of caution were meant to convey. No offence intended, and I hope none was taken. hungrig |
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dotdot
Junior Member
Posts โข 3,651
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December 2006
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Banksy Forum - www.Banksy.info - NEWS, by dotdot on Feb 26, 2008 22:40:49 GMT 1, It's always an interesting day when facts do not add up and
interpretations seep into the conversation.
There are plenty of people out there - some on this forum.. who
are in this , so to speak , for a wide variety of reasons.
Being careful about when you buy when you buy is certainly a by-word.
Being careful about value of what one buys is certainly at the forefront on
many a sale / auction -
"it's worth what people will pay !" is mentioned at least once a day.
As is - "i need the money - anyone want to buy what i've bought but i don't wany anymore !"
Note this email is not advocating too much - apart from this -
there is spam on this forum - if you can spot it - hang in there...
if not - you could end up being flotsam - without too much effort.
..
It's always an interesting day when facts do not add up and
interpretations seep into the conversation.
There are plenty of people out there - some on this forum.. who
are in this , so to speak , for a wide variety of reasons.
Being careful about when you buy when you buy is certainly a by-word.
Being careful about value of what one buys is certainly at the forefront on
many a sale / auction -
"it's worth what people will pay !" is mentioned at least once a day.
As is - "i need the money - anyone want to buy what i've bought but i don't wany anymore !"
Note this email is not advocating too much - apart from this -
there is spam on this forum - if you can spot it - hang in there...
if not - you could end up being flotsam - without too much effort.
..
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Zippy
Junior Member
Posts โข 6,765
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April 2006
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Banksy Forum - www.Banksy.info - NEWS, by Zippy on Feb 26, 2008 22:46:27 GMT 1, Wise words from a wise man.
if you listen to what hungrig has said, you have learnt something today.
Z
Wise words from a wise man.
if you listen to what hungrig has said, you have learnt something today.
Z
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top
Junior Member
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November 2007
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Banksy Forum - www.Banksy.info - NEWS, by top on Feb 26, 2008 23:00:53 GMT 1, ..nice thread, respectful posts from some learned people.
..nice thread, respectful posts from some learned people.
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Art-el
Art Gallery
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May 2006
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Banksy Forum - www.Banksy.info - NEWS, by Art-el on Feb 26, 2008 23:01:46 GMT 1, Silky
I know yourself and the forum has had a bit of a rollercoaster/ghost train ride over the last months....BUT
Not all/if any forum members are out to shaft or discredit you. Unless there's bad blood between yourself or Hunrig (niether can I be arsed to read his previous posts).
Felt compelled to write this as I thought Hunrigs post was bang on
peace out
Silky
I know yourself and the forum has had a bit of a rollercoaster/ghost train ride over the last months....BUT
Not all/if any forum members are out to shaft or discredit you. Unless there's bad blood between yourself or Hunrig (niether can I be arsed to read his previous posts).
Felt compelled to write this as I thought Hunrigs post was bang on
peace out
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Banksy Forum - www.Banksy.info - NEWS, by icky on Feb 27, 2008 1:05:13 GMT 1, ... The risk is that you are potentially exposing yourself to legal liability on the basis that those members relied upon what you (in your capacity as Administrator of Banksy.info) wrote in the newsletter.
Not that I liked the way the newsletter was phrased but you've got to come from USA (?) to write someting like "exposing yourself to legal liability".
This is an internet forum discussing what was, until a year or two ago, the lowest form of art. We're all amateurs and noone should take anything written on these boards as the truth.
Question everything.
... The risk is that you are potentially exposing yourself to legal liability on the basis that those members relied upon what you (in your capacity as Administrator of Banksy.info) wrote in the newsletter. Not that I liked the way the newsletter was phrased but you've got to come from USA (?) to write someting like "exposing yourself to legal liability". This is an internet forum discussing what was, until a year or two ago, the lowest form of art. We're all amateurs and noone should take anything written on these boards as the truth. Question everything. |
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BME
New Member
Posts โข 799
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December 2006
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Banksy Forum - www.Banksy.info - NEWS, by BME on Feb 27, 2008 3:52:25 GMT 1, Don't believe the hype...
Don't believe the hype...
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Banksy Forum - www.Banksy.info - NEWS, by Daniel Silk on Feb 27, 2008 10:32:19 GMT 1, Don't believe the hype...
Choe?
One mans hype is another mans opinion
Don't believe the hype... Choe? One mans hype is another mans opinion |
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Banksy Forum - www.Banksy.info - NEWS, by displaced bear on Feb 27, 2008 11:58:11 GMT 1, i don't know i didn't take into anything as financial advice. all i got from that statement was, if you want something buy it now before you can't buy it anymore and goes beyond your price range.
i don't know i didn't take into anything as financial advice. all i got from that statement was, if you want something buy it now before you can't buy it anymore and goes beyond your price range.
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Banksy Forum - www.Banksy.info - NEWS, by manchestermike on Feb 27, 2008 12:08:05 GMT 1, ... The risk is that you are potentially exposing yourself to legal liability on the basis that those members relied upon what you (in your capacity as Administrator of Banksy.info) wrote in the newsletter. Not that I liked the way the newsletter was phrased but you've got to come from USA (?) to write someting like "exposing yourself to legal liability".
Unfortunately we're also heading that way 
... The risk is that you are potentially exposing yourself to legal liability on the basis that those members relied upon what you (in your capacity as Administrator of Banksy.info) wrote in the newsletter. Not that I liked the way the newsletter was phrased but you've got to come from USA (?) to write someting like "exposing yourself to legal liability". Unfortunately we're also heading that way |
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top
Junior Member
Posts โข 2,486
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November 2007
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Banksy Forum - www.Banksy.info - NEWS, by top on Feb 27, 2008 22:47:55 GMT 1, Not that I liked the way the newsletter was phrased but you've got to come from USA (?) to write someting like "exposing yourself to legal liability". Unfortunately we're also heading that way
..f**king frightening, but soon to arrive on our doorstep
Not that I liked the way the newsletter was phrased but you've got to come from USA (?) to write someting like "exposing yourself to legal liability". Unfortunately we're also heading that way ..f**king frightening, but soon to arrive on our doorstep |
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BONGO
Junior Member
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February 2007
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Banksy Forum - www.Banksy.info - NEWS, by BONGO on Feb 27, 2008 22:56:04 GMT 1, WITH ART, LET THE HEART RULE THE HEAD
WITH ART, LET THE HEART RULE THE HEAD
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but I find this thread a little strange.
