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Is this the end of banksy?, by rottenredrooster on Jul 30, 2012 11:33:56 GMT 1, That is true... however there is a definite increase in people selling straight after at near cost prices, and in most cases being stuck with the print. Which in turn leads to them dropping the price every 5 minutes in an effort to salvage 50 quid. Why are they selling straight after?
Not sure. I guess it could either be spending money they don't have or value artists higher than they are.
That is true... however there is a definite increase in people selling straight after at near cost prices, and in most cases being stuck with the print. Which in turn leads to them dropping the price every 5 minutes in an effort to salvage 50 quid. Why are they selling straight after? Not sure. I guess it could either be spending money they don't have or value artists higher than they are.
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Is this the end of banksy?, by Daniel Silk on Jul 30, 2012 11:37:18 GMT 1, Why are they selling straight after? Not sure. I guess it could either be spending money they don't have or value artists higher than they are.
I would imagine its more like people who don't like the artwork anyway, and who just want to try and flip it on for a bit of profit. But as you say, that's not an easy thing to do now as I think most people realise its probably best to wait a while for the prices to get a bit more realistic.
Why are they selling straight after? Not sure. I guess it could either be spending money they don't have or value artists higher than they are. I would imagine its more like people who don't like the artwork anyway, and who just want to try and flip it on for a bit of profit. But as you say, that's not an easy thing to do now as I think most people realise its probably best to wait a while for the prices to get a bit more realistic.
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Is this the end of banksy?, by fingerz on Jul 30, 2012 11:40:20 GMT 1, add in a bit of this
add in a bit of this
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johnnyh
Junior Member
Posts • 4,492
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March 2011
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Is this the end of banksy?, by johnnyh on Jul 30, 2012 11:56:14 GMT 1, It's not a Banksy or an Urban thing. 2011 was a bumper year for sales at all the major auction houses and they are all down this year. This is two fold less quality available for sale and also less spare money around.
But this is just a natural market movement. So now is actually a good time to buy.
Similarly UK urban is quite a new and lower end of the contemporary market. So it will be affected. Likewise the secondary unsigned print market will be affected more than the signed and the originals.
As Daniel says this does not mean that new prints and works will not sell its the inflated valuations of Banksy's and the like in the secondary market that will be reduced in value. Still great growth if bought new and will of course recover as the market and demand changes.
So no great worries unless you have to sell as not a great sellers market at the moment but it is a good buyers market
It's not a Banksy or an Urban thing. 2011 was a bumper year for sales at all the major auction houses and they are all down this year. This is two fold less quality available for sale and also less spare money around.
But this is just a natural market movement. So now is actually a good time to buy.
Similarly UK urban is quite a new and lower end of the contemporary market. So it will be affected. Likewise the secondary unsigned print market will be affected more than the signed and the originals.
As Daniel says this does not mean that new prints and works will not sell its the inflated valuations of Banksy's and the like in the secondary market that will be reduced in value. Still great growth if bought new and will of course recover as the market and demand changes.
So no great worries unless you have to sell as not a great sellers market at the moment but it is a good buyers market
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Dr Plip
Junior Member
Posts • 7,043
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August 2011
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Is this the end of banksy?, by Dr Plip on Jul 30, 2012 12:09:41 GMT 1, I think it's a combination. There's obviously the flippers. There's hype, leading people to purchase a print that they might not really want. There's also sometimes a rush with releases. By that I mean, how many times have you heard about a print being released, and you KNOW it will sell out within 5 minutes, leading you to make a hurried decision. In the old days (I can't believe I said that), I had plenty of time to um and ah over an unsigned Banksy. Not any more.
You rush to buy it, because you're scared you'll regret it if you don't, or will then have to buy from a flipper, the very people that you're F5-ing against, causing the print to sell out instantly in the first place.
I don't know what Banksy's main source of income is, but he obviously doesn't think he needs to keep releasing prints at the moment. And let's be fair, some of his recent images work very nicely on the street. As a print on your wall? Not so much.
But who cares. He does his best work on the street.
Speaking of which, I'm not "down wit' da kids" when it comes to street art these days, but can anyone name some talented or exceptional street artists that DON'T sell their work or have galleries/websites? I'm curious.
Oh, and also while I'm here, It's not "rare", it's just expensive.
I think it's a combination. There's obviously the flippers. There's hype, leading people to purchase a print that they might not really want. There's also sometimes a rush with releases. By that I mean, how many times have you heard about a print being released, and you KNOW it will sell out within 5 minutes, leading you to make a hurried decision. In the old days (I can't believe I said that), I had plenty of time to um and ah over an unsigned Banksy. Not any more.
You rush to buy it, because you're scared you'll regret it if you don't, or will then have to buy from a flipper, the very people that you're F5-ing against, causing the print to sell out instantly in the first place.
I don't know what Banksy's main source of income is, but he obviously doesn't think he needs to keep releasing prints at the moment. And let's be fair, some of his recent images work very nicely on the street. As a print on your wall? Not so much.
But who cares. He does his best work on the street.
Speaking of which, I'm not "down wit' da kids" when it comes to street art these days, but can anyone name some talented or exceptional street artists that DON'T sell their work or have galleries/websites? I'm curious.
Oh, and also while I'm here, It's not "rare", it's just expensive.
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Hubble Bubble
Junior Member
Posts • 4,110
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December 2010
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Is this the end of banksy?, by Hubble Bubble on Jul 30, 2012 12:33:28 GMT 1, I don't know what Banksy's main source of income is,
I'd hazard a guess at commissions
I don't know what Banksy's main source of income is, I'd hazard a guess at commissions
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nah
New Member
Posts • 822
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April 2009
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Is this the end of banksy?, by nah on Jul 30, 2012 13:03:00 GMT 1, I don't know what Banksy's main source of income is, I'd hazard a guess at commissions wall and piece + exit through the gift shop DVDs
I don't know what Banksy's main source of income is, I'd hazard a guess at commissions wall and piece + exit through the gift shop DVDs
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johnnyh
Junior Member
Posts • 4,492
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March 2011
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Is this the end of banksy?, by johnnyh on Jul 30, 2012 14:08:57 GMT 1, I don't know what Banksy's main source of income is, I'd hazard a guess at commissions
I bet it's interest and growth on his investments plus his artist rights on auction resales
Then commissions
I don't know what Banksy's main source of income is, I'd hazard a guess at commissions I bet it's interest and growth on his investments plus his artist rights on auction resales Then commissions
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twist65
Junior Member
Posts • 2,289
Likes • 582
November 2008
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Is this the end of banksy?, by twist65 on Jul 30, 2012 16:40:49 GMT 1, i'd bet its his cut of MBW sales =]
i'd bet its his cut of MBW sales =]
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Existencil
Junior Member
Posts • 1,305
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July 2007
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Is this the end of banksy?, by Existencil on Jul 30, 2012 17:29:22 GMT 1, Nonono wins gold medal for most stupid post ever!
Nonono wins gold medal for most stupid post ever!
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Deleted
Posts • 0
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January 1970
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Is this the end of banksy?, by Deleted on Jul 30, 2012 18:11:57 GMT 1, Not that I think he is slipping at all but IMO there are countless quality artists associated with the modern form of this genre who also appear to be going from strength to strength. OS Gemeos, KAWS, Shepard Fairey and Barry McGee are just a few that come to mind. Apart from OG I don't necessarily see the others going from strength to strength but that's pretty subjective. The bigger point would be what connection do any of these have to street/urban art generally these days? Apart from the odd mural and of course the factory of Shep producing prints created by a million monkeys, they're hardly enticing the lower eschelons of this game anymore? Okay Shep is, but it's not exactly creating much love or passion. No idea what my point is really! Just that there's creatively a lack of talent down in the print collectors world these days.
Do you think so ? I think you're looking in the wrong places maybe. Print market's never been so vibrant and diverse. A whole global industry of affordable prints and related print houses has developed these last few years. Probably makes things less flippable in the long run, but the choice these days is immense compared to a few years back.
Not that I think he is slipping at all but IMO there are countless quality artists associated with the modern form of this genre who also appear to be going from strength to strength. OS Gemeos, KAWS, Shepard Fairey and Barry McGee are just a few that come to mind. Apart from OG I don't necessarily see the others going from strength to strength but that's pretty subjective. The bigger point would be what connection do any of these have to street/urban art generally these days? Apart from the odd mural and of course the factory of Shep producing prints created by a million monkeys, they're hardly enticing the lower eschelons of this game anymore? Okay Shep is, but it's not exactly creating much love or passion. No idea what my point is really! Just that there's creatively a lack of talent down in the print collectors world these days. Do you think so ? I think you're looking in the wrong places maybe. Print market's never been so vibrant and diverse. A whole global industry of affordable prints and related print houses has developed these last few years. Probably makes things less flippable in the long run, but the choice these days is immense compared to a few years back.
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Forbidden Love
Junior Member
Posts • 2,284
Likes • 1,083
September 2011
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Is this the end of banksy?, by Forbidden Love on Jul 30, 2012 19:10:13 GMT 1, I'm going to keep it simple..(and i have thought about)...
answer...
no
I'm going to keep it simple..(and i have thought about)...
answer...
no
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