sakyamuni
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July 2009
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Banksy: primed and all set for take-off, by sakyamuni on Apr 9, 2012 9:40:36 GMT 1, Article in the telegraph:
www.telegraph.co.uk/culture/art/artsales/9181766/Banksy-primed-and-all-set-for-take-off.html
Banksy: primed and all set for take-off Is the art market witnessing a Banksy revival? Colin Gleadell investigates.
After a few years in the wilderness, the elusive graffiti artist Banksy was back on form last week with two highly successful auction sales. At Christieโs, a metal panel from the exterior of a sound-system lorry which Banksy had spray-painted with military helicopter images for the 1998 Glastonbury festival, trebled estimates to sell for ยฃ103,250. It had been an image that impressed Damon Albarn, the frontman for Blur, who were performing at the festival, leading to a commission to design the cover for the bandโs Think Tank album. But more importantly, it was a rare outdoor work for which Banksy had given permission to be sold. Four years ago, Banksy stopped the trade in his outdoor work because, he said, it was never meant to be sold, so this was an exception. The next day, Arsenal striker Theo Walcott was among the young, cosmopolitan crowd at Bonhamsโ urban art sale, where 18 of 19 works by Banksy were sold, mostly above estimates, for over ยฃ400,000. The biggest spender was a buyer from Canada who had flown in just for the sale. One of many new clients to Bonhams on the day, he bought several works including the top lot, Banksyโs Love is in the Air, a stencilled painting of a rioter throwing a bunch of flowers, for an above-estimate ยฃ87,650. These sales come after a period, since late 2008, in which the Banksy market has been looking shaky, but should also be seen in the context of the preceding three years in which Banksyโs work had followed a dizzying upward spiral. The phenomenon took off after it became known that Damien Hirst was a Banksy collector, along with Christina Aguilera and Angelina Jolie. To street cred was added a certain financial whizz-kid know-how as city traders got into the action, followed by major art-dealing concerns such as the Mugrabi and Nahmad families. From a tentative start in 2005, when five works by Banksy were offered at auction and three sold for a maximum ยฃ7,200, 10 pieces appeared the following year, and 124 the next. The record for his unique paintings and sculptures rose from ยฃ62,400 in 2006, to ยฃ323,000 in 2007, and then $1.9 million (ยฃ950,300) in 2008, when the number of works at auction totalled 340. Often overlooked in the press reports was the meteoric rise of Banksyโs more affordable screen prints, printed in large editions. Take two examples in last weekโs sales. Bomb Love, a girl hugging a rocket bomb from an edition of 150, sold at Bonhams in 2005 for ยฃ200. By 2008, another print from the edition had fetched ยฃ14,000. Pulp Fiction, two mafia types wielding bananas instead of guns, was produced in 2004 and priced at ยฃ150. By early 2008, an example had sold at auction for ยฃ14,400. Then, following the collapse of Lehmann Brothers, the contemporary art market took a hit, from which Banksy was not excluded. During the autumn of 2008, all the UK salerooms, from Bloomsburyโs to Bonhams and Sothebyโs, recorded high unsold rates for Banksy works. Confidence in the print market was not helped by a high-profile court case highlighting Banksy fakes sold on eBay. Over the next year, consignments of Banksy works to auction fell by nearly 70 per cent, and major works such as a set of six Kate Moss prints went unsold. As a result, estimated values for Banksy came down. Although the ratio of sold to unsold works improved during 2010 and 2011, several examples were seen to have lost value. A sculpture of David, after Michelangelo, for example, which sold for ยฃ204,400 in 2007, sold last October for just ยฃ97,250. So are we witnessing a Banksy revival? Alan Montgomery of Bonhams believes the Banksy market is โback with a vengeance. The market is much more international than it was before.โ Apart from America and Britain, bidding last week came from Japan, Italy, France, Canada and Taiwan. Some later Banksy prints reached record auction levels. Morons, the 2007 print of an auction scene in which Banksy lampoons his buyers as idiots, sold for ยฃ8,125. But it was the earlier works which investors were watching most intensely. Bomb Love had been caught in the downturn, frequently going unsold with aggressive estimates up to ยฃ7,000. Last week, with a more reasonable ยฃ4,000 estimate, an example sold for ยฃ10,250. Similarly, a Pulp Fiction print sold for ยฃ10,600, edging closer to those peak levels. Kate Moss, though, is still to find her feet. Banksyโs print, after Warhol, had sold for over ยฃ60,000 in 2008, but last week was unsold with a ยฃ30,000 estimate. This revival is still feeling its way.
Article in the telegraph: www.telegraph.co.uk/culture/art/artsales/9181766/Banksy-primed-and-all-set-for-take-off.htmlBanksy: primed and all set for take-off Is the art market witnessing a Banksy revival? Colin Gleadell investigates. After a few years in the wilderness, the elusive graffiti artist Banksy was back on form last week with two highly successful auction sales. At Christieโs, a metal panel from the exterior of a sound-system lorry which Banksy had spray-painted with military helicopter images for the 1998 Glastonbury festival, trebled estimates to sell for ยฃ103,250. It had been an image that impressed Damon Albarn, the frontman for Blur, who were performing at the festival, leading to a commission to design the cover for the bandโs Think Tank album. But more importantly, it was a rare outdoor work for which Banksy had given permission to be sold. Four years ago, Banksy stopped the trade in his outdoor work because, he said, it was never meant to be sold, so this was an exception. The next day, Arsenal striker Theo Walcott was among the young, cosmopolitan crowd at Bonhamsโ urban art sale, where 18 of 19 works by Banksy were sold, mostly above estimates, for over ยฃ400,000. The biggest spender was a buyer from Canada who had flown in just for the sale. One of many new clients to Bonhams on the day, he bought several works including the top lot, Banksyโs Love is in the Air, a stencilled painting of a rioter throwing a bunch of flowers, for an above-estimate ยฃ87,650. These sales come after a period, since late 2008, in which the Banksy market has been looking shaky, but should also be seen in the context of the preceding three years in which Banksyโs work had followed a dizzying upward spiral. The phenomenon took off after it became known that Damien Hirst was a Banksy collector, along with Christina Aguilera and Angelina Jolie. To street cred was added a certain financial whizz-kid know-how as city traders got into the action, followed by major art-dealing concerns such as the Mugrabi and Nahmad families. From a tentative start in 2005, when five works by Banksy were offered at auction and three sold for a maximum ยฃ7,200, 10 pieces appeared the following year, and 124 the next. The record for his unique paintings and sculptures rose from ยฃ62,400 in 2006, to ยฃ323,000 in 2007, and then $1.9 million (ยฃ950,300) in 2008, when the number of works at auction totalled 340. Often overlooked in the press reports was the meteoric rise of Banksyโs more affordable screen prints, printed in large editions. Take two examples in last weekโs sales. Bomb Love, a girl hugging a rocket bomb from an edition of 150, sold at Bonhams in 2005 for ยฃ200. By 2008, another print from the edition had fetched ยฃ14,000. Pulp Fiction, two mafia types wielding bananas instead of guns, was produced in 2004 and priced at ยฃ150. By early 2008, an example had sold at auction for ยฃ14,400. Then, following the collapse of Lehmann Brothers, the contemporary art market took a hit, from which Banksy was not excluded. During the autumn of 2008, all the UK salerooms, from Bloomsburyโs to Bonhams and Sothebyโs, recorded high unsold rates for Banksy works. Confidence in the print market was not helped by a high-profile court case highlighting Banksy fakes sold on eBay. Over the next year, consignments of Banksy works to auction fell by nearly 70 per cent, and major works such as a set of six Kate Moss prints went unsold. As a result, estimated values for Banksy came down. Although the ratio of sold to unsold works improved during 2010 and 2011, several examples were seen to have lost value. A sculpture of David, after Michelangelo, for example, which sold for ยฃ204,400 in 2007, sold last October for just ยฃ97,250. So are we witnessing a Banksy revival? Alan Montgomery of Bonhams believes the Banksy market is โback with a vengeance. The market is much more international than it was before.โ Apart from America and Britain, bidding last week came from Japan, Italy, France, Canada and Taiwan. Some later Banksy prints reached record auction levels. Morons, the 2007 print of an auction scene in which Banksy lampoons his buyers as idiots, sold for ยฃ8,125. But it was the earlier works which investors were watching most intensely. Bomb Love had been caught in the downturn, frequently going unsold with aggressive estimates up to ยฃ7,000. Last week, with a more reasonable ยฃ4,000 estimate, an example sold for ยฃ10,250. Similarly, a Pulp Fiction print sold for ยฃ10,600, edging closer to those peak levels. Kate Moss, though, is still to find her feet. Banksyโs print, after Warhol, had sold for over ยฃ60,000 in 2008, but last week was unsold with a ยฃ30,000 estimate. This revival is still feeling its way.
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Banksy: primed and all set for take-off, by Fred Quimby Fan on Apr 9, 2012 9:50:06 GMT 1, Agreed - one or two auctions is a spark - let's see how far it ignites...
Agreed - one or two auctions is a spark - let's see how far it ignites...
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Deleted
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January 1970
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Banksy: primed and all set for take-off, by Deleted on Apr 9, 2012 9:55:36 GMT 1, Agreed - one or two auctions is a spark - let's see how far it ignites...
There's a lot of regrets on here from when people coiuld have bought a canvas for ยฃ500. Then a few years later ยฃ2500, then more regrets at ยฃ5k and later still 15-20. I suspect people will also one day regret not buying at ยฃ35-50 000k. Though perhaps not so many of us.
Agreed - one or two auctions is a spark - let's see how far it ignites... There's a lot of regrets on here from when people coiuld have bought a canvas for ยฃ500. Then a few years later ยฃ2500, then more regrets at ยฃ5k and later still 15-20. I suspect people will also one day regret not buying at ยฃ35-50 000k. Though perhaps not so many of us.
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Banksy: primed and all set for take-off, by Daniel Silk on Apr 9, 2012 10:42:24 GMT 1, I think things will grow more stable and stead this time around, and I don't think the focus will be just on Banksy anymore. I think things have changed a lot from 2008, and we will see a few other Artists climbing up to the figures we normally only see for Banksy's.
I think things will grow more stable and stead this time around, and I don't think the focus will be just on Banksy anymore. I think things have changed a lot from 2008, and we will see a few other Artists climbing up to the figures we normally only see for Banksy's.
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johnnyh
Junior Member
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March 2011
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Banksy: primed and all set for take-off, by johnnyh on Apr 9, 2012 11:03:25 GMT 1, Nuart and Daniel think you are both spot on. I think the daftness of 2008 is gone and will probably never return but I do think that artists like him and many others have become accepted artists globally and so prices will gain at more steady rates due more to the collecter of their works - market growing.
It will be quite interesting I think what will happen over the next few years as it has definately moved to the gallery market as have many of the artists. A lot of Street Work is becomming more official (regardless of the rights and wrongs of that) which highlights the acceptance and poplularity growth of the ppieces which in many cases have become bigger and viewd by many more people.
Likewise the auction houses are frequently promoting Urban to the more higer end collector base which is looking, listening and buying.
So it is also opening up for a lot of the new younger artists which is also a good thing apart from the fact that many of them want to go straight to the gallery as it were and I am not so sure what I think about that as have a number of views on it.
Quality though will alsways shine through - I hope!!
Nuart and Daniel think you are both spot on. I think the daftness of 2008 is gone and will probably never return but I do think that artists like him and many others have become accepted artists globally and so prices will gain at more steady rates due more to the collecter of their works - market growing.
It will be quite interesting I think what will happen over the next few years as it has definately moved to the gallery market as have many of the artists. A lot of Street Work is becomming more official (regardless of the rights and wrongs of that) which highlights the acceptance and poplularity growth of the ppieces which in many cases have become bigger and viewd by many more people.
Likewise the auction houses are frequently promoting Urban to the more higer end collector base which is looking, listening and buying.
So it is also opening up for a lot of the new younger artists which is also a good thing apart from the fact that many of them want to go straight to the gallery as it were and I am not so sure what I think about that as have a number of views on it.
Quality though will alsways shine through - I hope!!
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barryh
New Member
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February 2012
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Banksy: primed and all set for take-off, by barryh on Apr 9, 2012 11:03:38 GMT 1, I think things will grow more stable and stead this time around, and I don't think the focus will be just on Banksy anymore. I think things have changed a lot from 2008, and we will see a few other Artists climbing up to the figures we normally only see for Banksy's.
Anyone you think will start to make that jump ? Personally I cant think of anyone else thats near him in terms of monetary value. Team Banksy have put a lot of graft in, in the last 10 years to get to this point.
I think things will grow more stable and stead this time around, and I don't think the focus will be just on Banksy anymore. I think things have changed a lot from 2008, and we will see a few other Artists climbing up to the figures we normally only see for Banksy's. Anyone you think will start to make that jump ? Personally I cant think of anyone else thats near him in terms of monetary value. Team Banksy have put a lot of graft in, in the last 10 years to get to this point.
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johnnyh
Junior Member
Posts โข 4,492
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March 2011
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Banksy: primed and all set for take-off, by johnnyh on Apr 9, 2012 11:12:39 GMT 1, Barry you are right there but I think as always a few will follow on his coat tails. He really is Numero Uno as it were but look at all the press he is getting on this auction all the main stream. The quote above is from the Telegraph the nearest they have been to street is when some throws a copy away!!
So as he moves in others will follow and their prices will increase but not necessarily over take him.
Barry you are right there but I think as always a few will follow on his coat tails. He really is Numero Uno as it were but look at all the press he is getting on this auction all the main stream. The quote above is from the Telegraph the nearest they have been to street is when some throws a copy away!!
So as he moves in others will follow and their prices will increase but not necessarily over take him.
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Banksy: primed and all set for take-off, by Daniel Silk on Apr 9, 2012 11:16:26 GMT 1, I think things will grow more stable and stead this time around, and I don't think the focus will be just on Banksy anymore. I think things have changed a lot from 2008, and we will see a few other Artists climbing up to the figures we normally only see for Banksy's. Anyone you think will start to make that jump ? Personally I cant think of anyone else thats near him in terms of monetary value. Team Banksy have put a lot of graft in, in the last 10 years to get to this point.
I think some Artists in the scene will always be popular, but never to the scale of Banksy due to the style of their work only really making sense on the streets, and not translating well into prints or canvases. It's the Artists who have large print releases that sell out within minutes who are the ones that can make it to the same sort of auction popularity as Banksy.
I think things will grow more stable and stead this time around, and I don't think the focus will be just on Banksy anymore. I think things have changed a lot from 2008, and we will see a few other Artists climbing up to the figures we normally only see for Banksy's. Anyone you think will start to make that jump ? Personally I cant think of anyone else thats near him in terms of monetary value. Team Banksy have put a lot of graft in, in the last 10 years to get to this point. I think some Artists in the scene will always be popular, but never to the scale of Banksy due to the style of their work only really making sense on the streets, and not translating well into prints or canvases. It's the Artists who have large print releases that sell out within minutes who are the ones that can make it to the same sort of auction popularity as Banksy.
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Banksy: primed and all set for take-off, by Daniel Silk on Apr 9, 2012 11:59:42 GMT 1, "Iconic Banksy works to go on sale"
"Iconic Banksy works to go on sale"
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hlarmy
Junior Member
Posts โข 3,199
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November 2007
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Banksy: primed and all set for take-off, by hlarmy on Apr 9, 2012 13:15:27 GMT 1, An interesting debate... I would agree that a lot of hard work has gone into getting Banksy to where he is now and that he is in a very strong position to push forward and build on that success (which will ultimately be judged by the prices of his work).
His future projects (backed by his well oiled PR machine!) will no doubt continue to build on the demand, and with supply of his original works seemingly well controlled I have no doubt that prices will edge up. What we have probably seen over the past few years is a period when his originals have slowly moved from the collector who can't afford to keep them at the prices they achieve now to the collector who can afford to and also probably willing to hold until prices take another step up and who will not sell until they can realise a decent return (which hasn't happened in recent years).
What I also find interesting is to consider how far those prices can go without having representation from one of the big galleries, which does appear to be so important in the upper end of the market. Which other successful contemporary artists have risen to the top by effectively representing themselves (that's not a rhetorical question by the way , plus I appreciate that this may not be the case!). The other thing to consider is how much Banksy wants to become a hugely successful artist in the years to come as he could with relative ease pull the plug on all this should he want to. It certainly looks like he's incredibly talented and driven but to what lengths will he go to to ensure success and longevity in the art market.
Having said all that, if I had ยฃ75,000 spare to 'invest' in art right now, it would be Banksy (on that note, I do think there are plenty of others artists who would be worth 'investing' in right now if that's your thing). I also don't think his prints necessarily represent a good investment in light of what they go for now but do think that those that are selling good examples of his original work could regret it (more so than those that aren't buying now). As I said, it's an interesting topic and it will be very interesting to see what happens in the next 5-10-20 years...
An interesting debate... I would agree that a lot of hard work has gone into getting Banksy to where he is now and that he is in a very strong position to push forward and build on that success (which will ultimately be judged by the prices of his work). His future projects (backed by his well oiled PR machine!) will no doubt continue to build on the demand, and with supply of his original works seemingly well controlled I have no doubt that prices will edge up. What we have probably seen over the past few years is a period when his originals have slowly moved from the collector who can't afford to keep them at the prices they achieve now to the collector who can afford to and also probably willing to hold until prices take another step up and who will not sell until they can realise a decent return (which hasn't happened in recent years). What I also find interesting is to consider how far those prices can go without having representation from one of the big galleries, which does appear to be so important in the upper end of the market. Which other successful contemporary artists have risen to the top by effectively representing themselves (that's not a rhetorical question by the way , plus I appreciate that this may not be the case!). The other thing to consider is how much Banksy wants to become a hugely successful artist in the years to come as he could with relative ease pull the plug on all this should he want to. It certainly looks like he's incredibly talented and driven but to what lengths will he go to to ensure success and longevity in the art market. Having said all that, if I had ยฃ75,000 spare to 'invest' in art right now, it would be Banksy (on that note, I do think there are plenty of others artists who would be worth 'investing' in right now if that's your thing). I also don't think his prints necessarily represent a good investment in light of what they go for now but do think that those that are selling good examples of his original work could regret it (more so than those that aren't buying now). As I said, it's an interesting topic and it will be very interesting to see what happens in the next 5-10-20 years...
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curiousgeorge
Junior Member
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March 2007
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Banksy: primed and all set for take-off, by curiousgeorge on Apr 9, 2012 13:35:10 GMT 1, Big rise coming in Q3
Big rise coming in Q3
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LL Brainwashed
Artist
New Member
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November 2009
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Banksy: primed and all set for take-off, by LL Brainwashed on Apr 9, 2012 13:39:32 GMT 1, Before the buyers premium was added to the hammer price there were only 3 artists in the Urban Art sale at Bonhams last month that hit double figures (thousands) and they were:- Banksy, Shephard Fairey and Cyclops. Great piece from Cyclops next level shnizzle!!! www.bonhams.com/auctions/20195/lot/204/
Before the buyers premium was added to the hammer price there were only 3 artists in the Urban Art sale at Bonhams last month that hit double figures (thousands) and they were:- Banksy, Shephard Fairey and Cyclops. Great piece from Cyclops next level shnizzle!!! www.bonhams.com/auctions/20195/lot/204/
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Banksy: primed and all set for take-off, by howlinhooker on Apr 9, 2012 14:05:13 GMT 1, interesting read !!!!!!!!!!!!
interesting read !!!!!!!!!!!!
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Banksy: primed and all set for take-off, by My Name is Frank on Apr 9, 2012 14:36:44 GMT 1, I think things will grow more stable and stead this time around, and I don't think the focus will be just on Banksy anymore. I think things have changed a lot from 2008, and we will see a few other Artists climbing up to the figures we normally only see for Banksy's. Anyone you think will start to make that jump ? Personally I cant think of anyone else thats near him in terms of monetary value. Team Banksy have put a lot of graft in, in the last 10 years to get to this point.
Os Gemeos
I think things will grow more stable and stead this time around, and I don't think the focus will be just on Banksy anymore. I think things have changed a lot from 2008, and we will see a few other Artists climbing up to the figures we normally only see for Banksy's. Anyone you think will start to make that jump ? Personally I cant think of anyone else thats near him in terms of monetary value. Team Banksy have put a lot of graft in, in the last 10 years to get to this point. Os Gemeos
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Banksy: primed and all set for take-off, by Brushstrokes 75 on Apr 9, 2012 15:07:01 GMT 1, Without starting a banter, I do think there is something wrong with the analysis. Banksy is what it is and it's still strong.
However, having followed the market a bit, you also have to put forward that the art market seems to be on the rise in general. Pretty strong prices overall. Auction rooms are packed and records seems to fly everywhere. You can just see how many quality pieces come up at auction to realize that those pieces wouldn't be up for sale if the market wasn't hot.
I do think that there is a general move going back up. The biggest volatily always comes from contemporary art (which Banksy is part of).
I don't think being backed out by big galleries influence much. The leading contemporary artists are (mainly) selfrepresented (Hirts, Koons, Murakami) & have their proper channels
Without starting a banter, I do think there is something wrong with the analysis. Banksy is what it is and it's still strong.
However, having followed the market a bit, you also have to put forward that the art market seems to be on the rise in general. Pretty strong prices overall. Auction rooms are packed and records seems to fly everywhere. You can just see how many quality pieces come up at auction to realize that those pieces wouldn't be up for sale if the market wasn't hot.
I do think that there is a general move going back up. The biggest volatily always comes from contemporary art (which Banksy is part of).
I don't think being backed out by big galleries influence much. The leading contemporary artists are (mainly) selfrepresented (Hirts, Koons, Murakami) & have their proper channels
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barryh
New Member
Posts โข 752
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February 2012
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Banksy: primed and all set for take-off, by barryh on Apr 9, 2012 15:15:37 GMT 1, Anyone you think will start to make that jump ? Personally I cant think of anyone else thats near him in terms of monetary value. Team Banksy have put a lot of graft in, in the last 10 years to get to this point. Os Gemeos
For me, Os Gemeos are already at that level and are likely to blow Banksy out of the water imo long term. Would be nice to see some proper Kaws at auction too.
Anyone you think will start to make that jump ? Personally I cant think of anyone else thats near him in terms of monetary value. Team Banksy have put a lot of graft in, in the last 10 years to get to this point. Os Gemeos For me, Os Gemeos are already at that level and are likely to blow Banksy out of the water imo long term. Would be nice to see some proper Kaws at auction too.
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hlarmy
Junior Member
Posts โข 3,199
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November 2007
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Banksy: primed and all set for take-off, by hlarmy on Apr 9, 2012 15:35:39 GMT 1, I don't think being backed out by big galleries influence much. The leading contemporary artists are (mainly) selfrepresented (Hirts, Koons, Murakami) & have their proper channels
I'm pretty sure all three are currently represented by Gagosian Gallery.
Wasn't Koons also represented by Serpentine Gallery (and Hirst for that matter, along with White Cube) and Mary Boone previously. Murakami has also worked with Perottin Gallery
I don't think being backed out by big galleries influence much. The leading contemporary artists are (mainly) selfrepresented (Hirts, Koons, Murakami) & have their proper channels I'm pretty sure all three are currently represented by Gagosian Gallery. Wasn't Koons also represented by Serpentine Gallery (and Hirst for that matter, along with White Cube) and Mary Boone previously. Murakami has also worked with Perottin Gallery
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Banksy: primed and all set for take-off, by Brushstrokes 75 on Apr 9, 2012 17:09:10 GMT 1, I don't think being backed out by big galleries influence much. The leading contemporary artists are (mainly) selfrepresented (Hirts, Koons, Murakami) & have their proper channels I'm pretty sure all three are currently represented by Gagosian Gallery. Wasn't Koons also represented by Serpentine Gallery (and Hirst for that matter, along with White Cube) and Mary Boone previously. Murakami has also worked with Perottin Gallery
They work with some galleries but some (each?) have their direct channels and are not dependent of their galleries which is different IMO.
Murakami has KaiKai Kiki, Hirst has other critera.... And I'm sure they sell a lot directly too.
They just widen their channels of distribution but I'm sure they are not dependent of anyone else. They just use them to make more money IMO. Which is different than a representation which would include some kind of exclusivity!
I don't think being backed out by big galleries influence much. The leading contemporary artists are (mainly) selfrepresented (Hirts, Koons, Murakami) & have their proper channels I'm pretty sure all three are currently represented by Gagosian Gallery. Wasn't Koons also represented by Serpentine Gallery (and Hirst for that matter, along with White Cube) and Mary Boone previously. Murakami has also worked with Perottin Gallery They work with some galleries but some (each?) have their direct channels and are not dependent of their galleries which is different IMO. Murakami has KaiKai Kiki, Hirst has other critera.... And I'm sure they sell a lot directly too. They just widen their channels of distribution but I'm sure they are not dependent of anyone else. They just use them to make more money IMO. Which is different than a representation which would include some kind of exclusivity!
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johnnyh
Junior Member
Posts โข 4,492
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March 2011
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Banksy: primed and all set for take-off, by johnnyh on Apr 9, 2012 20:33:08 GMT 1, Brushstrokes think you are spot on the big players run the galleries not the other way round. Eg Banksy can drop Laz without any issues at all. Think this is the case with all the players. However the good galleries obviously also help to make people as their contacts and introductions do raise the level as do the big auction houses with their client lists. The galleries always need new players as this is how they make money but they do as you mention not have the same power when they become players.
Brushstrokes think you are spot on the big players run the galleries not the other way round. Eg Banksy can drop Laz without any issues at all. Think this is the case with all the players. However the good galleries obviously also help to make people as their contacts and introductions do raise the level as do the big auction houses with their client lists. The galleries always need new players as this is how they make money but they do as you mention not have the same power when they become players.
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