crocod1le
New Member
Posts โข 44
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December 2006
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DOOM AND GLOOM MONGERING, by crocod1le on Jan 2, 2008 18:14:47 GMT 1, Happy New Year to you all, hope it was all you wished it to be. So, to my doom and gloom mongering.... I have been collecting "street art" for some years now, the likes of Banksy, Faile, Micallef etc, but also some lesser known and appreciated artists too. I have a fair old collection now, too much for my walls, but it all helps with trading towards what I'm after (i missed out on all three of the last Banksy releases)
I have been watching with great interest (and fear) as prices seem to be tumbling. I myself, am in catering wholesale, i supply alcohol, food + sundries to pubs, clubs, restaurants etc. Trade last Xmas was crap, this year, even worse and has been following that pattern for about three years now. It seems that the general public are spending less and less every year on luxuries and going out. Many of my punters and suppliers are predicting a major recession this year and for a few years to come. The first things that suffer are always luxury goods, (art, classic cars etc) Does anyone have an opinion on this, has it effected what you are buying, spending and investing within this market?
Happy New Year to you all, hope it was all you wished it to be. So, to my doom and gloom mongering.... I have been collecting "street art" for some years now, the likes of Banksy, Faile, Micallef etc, but also some lesser known and appreciated artists too. I have a fair old collection now, too much for my walls, but it all helps with trading towards what I'm after (i missed out on all three of the last Banksy releases)
I have been watching with great interest (and fear) as prices seem to be tumbling. I myself, am in catering wholesale, i supply alcohol, food + sundries to pubs, clubs, restaurants etc. Trade last Xmas was crap, this year, even worse and has been following that pattern for about three years now. It seems that the general public are spending less and less every year on luxuries and going out. Many of my punters and suppliers are predicting a major recession this year and for a few years to come. The first things that suffer are always luxury goods, (art, classic cars etc) Does anyone have an opinion on this, has it effected what you are buying, spending and investing within this market?
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funster
Junior Member
Posts โข 2,256
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October 2006
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DOOM AND GLOOM MONGERING, by funster on Jan 2, 2008 18:18:26 GMT 1, Whilst I have nothing against your point crocodile the argument either way is far, far too complex for a nice friendly forum like this  Buy what you like, spend what you can afford and you can't go wrong 
Whilst I have nothing against your point crocodile the argument either way is far, far too complex for a nice friendly forum like this Buy what you like, spend what you can afford and you can't go wrong |
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DOOM AND GLOOM MONGERING, by Daniel Silk on Jan 2, 2008 18:21:45 GMT 1, I can see how some sectors are on a downturn, including some areas of Art  but the values of Urban/Street/Graffiti Art looking back over the last three or four years has bucked the trend  Even when pretty much every other market is going down, the growth in popularity of this kind of art is stronger ;D Values are well up on this time last year!
I can see how some sectors are on a downturn, including some areas of Art but the values of Urban/Street/Graffiti Art looking back over the last three or four years has bucked the trend Even when pretty much every other market is going down, the growth in popularity of this kind of art is stronger ;D Values are well up on this time last year! |
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RBK
Junior Member
Posts โข 2,925
Likes โข 104
September 2006
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DOOM AND GLOOM MONGERING, by RBK on Jan 2, 2008 18:27:54 GMT 1, I think I speak for many on this board when I say I don't care if my collection goes down in 'value' a bit. If prices are cheaper we can get more art at better prices.
Art is a luxury good - people don't buy as many luxury goods when money gets tigher - not a surprising economic principle.
I think I speak for many on this board when I say I don't care if my collection goes down in 'value' a bit. If prices are cheaper we can get more art at better prices.
Art is a luxury good - people don't buy as many luxury goods when money gets tigher - not a surprising economic principle.
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RBK
Junior Member
Posts โข 2,925
Likes โข 104
September 2006
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DOOM AND GLOOM MONGERING, by RBK on Jan 2, 2008 18:31:03 GMT 1, And I think in 2008 a lot of flippers will finally get burned (as they continue to offload all the sub-par art they bought in '07) and we will see people be more discerning in their purchases.
Both are a good thing imo.
And I think in 2008 a lot of flippers will finally get burned (as they continue to offload all the sub-par art they bought in '07) and we will see people be more discerning in their purchases.
Both are a good thing imo.
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loucastel
Junior Member
Posts โข 1,551
Likes โข 53
October 2007
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DOOM AND GLOOM MONGERING, by loucastel on Jan 2, 2008 18:31:14 GMT 1, Its the pound cost averaging principle, when prices are low, buy ,when high ,hold or for some people ,sell. to me low is good as RBK said we can then buy more. 2008 is going to be a fantastic year, think positive!
Its the pound cost averaging principle, when prices are low, buy ,when high ,hold or for some people ,sell. to me low is good as RBK said we can then buy more. 2008 is going to be a fantastic year, think positive!
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timebomb
New Member
Posts โข 35
Likes โข 0
January 2008
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DOOM AND GLOOM MONGERING, by timebomb on Jan 2, 2008 18:32:55 GMT 1, investment bankers have invested too much in contemporary art to see it burst- they will bid it up to ensure their artist and market as seen in the last auctions- but really- I agree with funster that speculation is unhealthy. It is the speculation that causes doom and gloom as you are not looking at the works, but your account.
investment bankers have invested too much in contemporary art to see it burst- they will bid it up to ensure their artist and market as seen in the last auctions- but really- I agree with funster that speculation is unhealthy. It is the speculation that causes doom and gloom as you are not looking at the works, but your account.
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DOOM AND GLOOM MONGERING, by manty on Jan 2, 2008 18:41:37 GMT 1, Dont know, dont care. Hope that helps :-)
Dont know, dont care. Hope that helps :-)
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DOOM AND GLOOM MONGERING, by snakes on Jan 2, 2008 18:51:30 GMT 1, And I think in 2008 a lot of flippers will finally get burned (as they continue to offload all the sub-par art they bought in '07) and we will see people be more discerning in their purchases. Both are a good thing imo.
Especially those who prurchased the likes of Gee Vaucher, Aiko, Faile, Lucy Mac and a lot of all the other tosh from the Santas Ghetto!!! ;D  ;D
And I think in 2008 a lot of flippers will finally get burned (as they continue to offload all the sub-par art they bought in '07) and we will see people be more discerning in their purchases. Both are a good thing imo. Especially those who prurchased the likes of Gee Vaucher, Aiko, Faile, Lucy Mac and a lot of all the other tosh from the Santas Ghetto!!! ;D ;D |
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DOOM AND GLOOM MONGERING, by manchestermike on Jan 2, 2008 18:58:19 GMT 1, 
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ROLLINS
New Member
Posts โข 303
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November 2006
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DOOM AND GLOOM MONGERING, by ROLLINS on Jan 2, 2008 19:05:42 GMT 1, I'm not planning on buying anything this year unless it's outstanding.
I've got my eye on 2 prints, that in total add up to ยฃ275.
I'm not going to buy anything that is just "OK"
I think a lot of people went gung ho on a lot of sub standard prints in 2007.
I'm not planning on buying anything this year unless it's outstanding.
I've got my eye on 2 prints, that in total add up to ยฃ275.
I'm not going to buy anything that is just "OK"
I think a lot of people went gung ho on a lot of sub standard prints in 2007.
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DOOM AND GLOOM MONGERING, by veralynn on Jan 2, 2008 20:47:38 GMT 1, I think doom and gloom mongering is shite - its self perpetuating. My old nan used to say 8/10 things are not worth worrying about as they never happen anyway, having said that she's now dead.
Come March we'll all be wondering what the fuss is/was all about and how we were pleased to have bought Neate/Banksy/Francis or gutted that we bought Arofish.
I think doom and gloom mongering is shite - its self perpetuating. My old nan used to say 8/10 things are not worth worrying about as they never happen anyway, having said that she's now dead.
Come March we'll all be wondering what the fuss is/was all about and how we were pleased to have bought Neate/Banksy/Francis or gutted that we bought Arofish.
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justinkase
New Member
Posts โข 152
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December 2006
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DOOM AND GLOOM MONGERING, by justinkase on Jan 2, 2008 21:36:39 GMT 1, As William Goldman once said "NOBODY KNOWS ANYTHING"
As William Goldman once said "NOBODY KNOWS ANYTHING"
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patrese
New Member
Posts โข 233
Likes โข 19
July 2007
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DOOM AND GLOOM MONGERING, by patrese on Jan 2, 2008 21:51:39 GMT 1, i hope prices do come down...i'm after a mivallef original but got 20k max for it.
i hope prices do come down...i'm after a mivallef original but got 20k max for it.
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BME
New Member
Posts โข 799
Likes โข 74
December 2006
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DOOM AND GLOOM MONGERING, by BME on Jan 2, 2008 22:03:40 GMT 1, I'd welcome a reduction in prices. That said I suspect that it is the weaker artists/ works that will suffer from any reduction. I think that Banksy, Faile and Neate's work will continue to appreciate.
I'd welcome a reduction in prices. That said I suspect that it is the weaker artists/ works that will suffer from any reduction. I think that Banksy, Faile and Neate's work will continue to appreciate.
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DOOM AND GLOOM MONGERING, by slowmo on Jan 2, 2008 22:58:46 GMT 1, I think doom and gloom mongering is s**te - its self perpetuating. My old nan used to say 8/10 things are not worth worrying about as they never happen anyway, having said that she's now dead. Come March we'll all be wondering what the fuss is/was all about and how we were pleased to have bought Neate/Banksy/Francis or gutted that we bought Arofish.
I rather like my arofish veralynn 
I think doom and gloom mongering is s**te - its self perpetuating. My old nan used to say 8/10 things are not worth worrying about as they never happen anyway, having said that she's now dead. Come March we'll all be wondering what the fuss is/was all about and how we were pleased to have bought Neate/Banksy/Francis or gutted that we bought Arofish. I rather like my arofish veralynn |
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Existencil
Junior Member
Posts โข 1,305
Likes โข 2
July 2007
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DOOM AND GLOOM MONGERING, by Existencil on Jan 2, 2008 23:08:04 GMT 1, Stop buying prints and start buying originals. You'll have to be more discerning but the payback (if thats what your after) will be much greater. Out of the paddling pool and into the swimming pool - you've all growed up!
Stop buying prints and start buying originals. You'll have to be more discerning but the payback (if thats what your after) will be much greater. Out of the paddling pool and into the swimming pool - you've all growed up!
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guest2
Junior Member
Posts โข 2,471
Likes โข 1
December 2006
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DOOM AND GLOOM MONGERING, by guest2 on Jan 2, 2008 23:08:48 GMT 1, When I feel that the doom and gloom is setting in I go and buy myself new picture! The clouds part and the sun comes out : )
When I feel that the doom and gloom is setting in I go and buy myself new picture! The clouds part and the sun comes out : )
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DOOM AND GLOOM MONGERING, by ambrosiabaptism on Jan 2, 2008 23:19:09 GMT 1, When I feel that the doom and gloom is setting in I go and buy myself new picture! The clouds part and the sun comes out : )
;D Yep just have Frankie and make sure you treat her with care
Thank you for a love treat
When I feel that the doom and gloom is setting in I go and buy myself new picture! The clouds part and the sun comes out : ) ;D Yep just have Frankie and make sure you treat her with care Thank you for a love treat |
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DOOM AND GLOOM MONGERING, by darjeeling on Jan 3, 2008 4:23:17 GMT 1, Getting worked up into panicked frenzies about art and artists; paying way over the odds on giclees in huge editions; and inaugurating an artst every month or so as being the next 'it' artist that you must own is so 2007 dudes. 
2008 is going to be the year for the discerning eye. Originals and quality prints only. Tread carefully this year.
Getting worked up into panicked frenzies about art and artists; paying way over the odds on giclees in huge editions; and inaugurating an artst every month or so as being the next 'it' artist that you must own is so 2007 dudes. 2008 is going to be the year for the discerning eye. Originals and quality prints only. Tread carefully this year. |
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Francis
Junior Member
Posts โข 2,571
Likes โข 137
September 2007
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DOOM AND GLOOM MONGERING, by Francis on Jan 3, 2008 4:29:26 GMT 1, Even Kelsey Brookes...an ARTIST....has had something to say about the prints market:
www.kelseybrookes.com/
"Jan 2008: Due to the lagging, sluggish market in artist prints New Image Art has decided to put together a show based around this forgotten and completely ignored art form and is calling it "Poster Renaissance". I will be sending up some forgotten and ignored prints to the showโฆ.check here for info."
Even Kelsey Brookes...an ARTIST....has had something to say about the prints market: www.kelseybrookes.com/"Jan 2008: Due to the lagging, sluggish market in artist prints New Image Art has decided to put together a show based around this forgotten and completely ignored art form and is calling it "Poster Renaissance". I will be sending up some forgotten and ignored prints to the showโฆ.check here for info." |
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njr911
Junior Member
Posts โข 2,372
Likes โข 406
April 2007
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DOOM AND GLOOM MONGERING, by njr911 on Jan 3, 2008 11:31:38 GMT 1, There are many opportunities in recession
There are many opportunities in recession |
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Buy what you like, spend what you can afford and you can't go wrong 
but the values of Urban/Street/Graffiti Art looking back over the last three or four years has bucked the trend 
Even when pretty much every other market is going down, the growth in popularity of this kind of art is stronger ;D Values are well up on this time last year! 
;D
