For me personally, buying property in London is the best investment choice one can make. I have a friend who has approximately 15/16 Banksy prints in a folder that by my reckoning she could sell for almost 100K. Thats a very nice deposit on a decent gaff in a good area in London and i've told her so many times
Agree with this.
Property in London is a no brainer if you are looking to invest some serious cash. Can't go wrong whilst London remains in its own little property bubble with no sign of letting up.
Kinda crazy when you think that a pile of paper with banksy's sig on it can be converted into a house!
Yep I agree. I think it's crazy that there are bits of paper with Banksy written on it that could be sold to get a deposit on property. I think this is why I look at the current Banksy prices with growing disbelief as I just think what else you could buy for that kind of money.
Wrong again...just as Greek, Cypriot or Icelandic bond holders. All OECD memebers.
As for art, esp Banksy, if you can 'afford' to take a hit and if you're willing to hold on to something it might work out. But it's a stab in the dark.
I think there is a misunderstanding of the use of the financial term guarantee - Many insurance companies specialize in financial guarantees and similar products that are used by debt issuers as a way of attracting investors. The guarantee provides investors with an additional level of comfort that the investment will be repaid in the event that the securities issuer would not be able to fulfil the contractual obligation to make timely payments (default). It also lowers the cost of financing for issuers because the guarantee typically earns the security a higher credit rating and therefore lower interest rates. Most bonds are insured by a financial guaranty firm (also referred to as a monoline insurer) against default.
Also Cyprus is not an OECD member.
I think we all accept that art is not a guaranteed investment.
Two years ago, the release of the much publicised documentary Exit Through the Gift Shop provided a substantial boost to the market status of Banksy, the first ever Street artist to have crossed the seven-digit threshold at auction (in USD). Having been heavily impacted by the crisis in late 2008 and 2009, we take a brief look at the health of the BANKSY market today, within a context that is generally more favourable for Contemporary art.
The first signs of rapid secondary market inflation for works by Banksy appeared in 2006. Within just a few months he evolved from an “affordable” artist (at less than $10,000) to a market heavyweight fetching prices close to $100,000: on 25 October 2006 at Bonhams London, his Tank, embracing Couple, estimated £5,000, fetched no less than £52,000 (over $97,000).
His prices continued rising in 2007 and peaked in 2008 with two auction records above the million-dollar threshold. The first, on 14 February, when Keep It Spotless fetched $1.7 million at Sotheby's New York ($1.87 million including fees) and the second, two weeks later, when his Simple Intelligence Testing sold for $1,093,400 (£550,000 at Sotheby's London). Boosted by the demand frenzy that overtook the Contemporary art market in 2008, Banksy signed 21 auction results above the $100,000 line in the first half of that year. In the first six months of 2013, the hammer only fell eight times above this price level. His market has therefore calmed down substantially since 2008; but what about his prices?
When Contemporary art prices collapsed in 2008/2009, some of Banksy’s works saw their auction prices divided by two or even three. For example, on 12 October 2007 his sculpture David (Michelangelo’s David revisited) sold for the equivalent of $347,000 (£170,000) and then for $126,000 (£80,000) on 14 October 2011 at Sotheby's.
Despite substantial losses for some investors who sold at the bottom of the market, Banksy has attracted enough collectors to return to a good price level today. Although not generating million-dollar results, his price index is clearly bullish. Several results reflect this trend, starting with his best so far in 2013: Think Tank fetched £330,000 ($516,120) on 13 February 2013 at Sotheby's London whereas on 16 April 2008 the same subject was worth £200,000 less (£130,000 or approximately $256,000) at Bonhams London. Another example is the €90,000 (about $120,000) that the Paris auctioneer Artcurial fetched for Flying Copper in January 2013, a subject that was worth less than half that price on 26 June 2010 at Sotheby's London (£31,000 or roughly $47,000).
As the art market recovers from the purge of its speculative excesses and confidence gradually returns, demand is steadily picking up again. With Banksy clearly limiting the number of his works on the secondary market, some people are stealing them directly off the streets! The situation is indeed more than a little ironical... the street vandals are no longer artists! With Street Art now fully accepted on the art market, Banksy’s famous stencils have been transformed from unwelcome graffiti into part of the collective urban heritage. Those now dubbed “vandals” are those who try to clean the walls, or in some cases, to strip the stencils off the walls like art thieves in a gallery... a practice that appears to be gaining momentum. Many art lovers are already lamenting the disappearance this summer of the stencil No Ball Games painted on the wall of a London shop. This was not a first for Banksy and he is not the only artist targeted. Street artists are indeed increasingly finding that their urban interventions have a mercantile destiny beyond their control. All of which suggests that the provenance of works of Street Art may be becoming a rather tricky question. Banksy himself has set up an authentication service called Pest Control, the only structure authorized by the artist to sell his works.
I'm on the look out for Burning Candy pieces/ephemera (especially Cyclops) and also Paul Insect ,Please pm.
You guys need to learn a thing or two from a postal worker and a librarian regarding art collecting.
Yes open any large tubes and cut the pages out of nice books.....
Only joking that was a very interesting read about there collection/collecting skills....
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Daniel Silk: What other Artists do you think should have their own board? Post a message here with the list of Artist names. Thank you.
Aug 22, 2019 14:27:51 GMT 1
Daniel Silk: I’m surprised more of you haven’t started to use this. Just think about it, it’s seen at the foot of all the pages of the website, so perfect for spreading news.
Aug 22, 2019 14:03:42 GMT 1
Daniel Silk: Please remember this is a Forum, unlike sites such as Facebook or Instagram were you choose to follow just the artists your interested in, this site shows you a variety of artists from across the scene who are being talked about the most by members.
Aug 21, 2019 2:14:57 GMT 1
tab1: My point is some people with greed and no idea for the cause will do the same just to profit and prosecuted
Aug 20, 2019 22:25:34 GMT 1
Josué: Well, i'm here to share my biggest desire: Os Gemeos are from Brazil and even so they didn´t an urban art in Brasília. I'm looking for a imoveis df to live more close to the art. www.dfimoveis.com.br/venda/df/brasilia/apartamento
Aug 20, 2019 18:37:28 GMT 1
Sair: A1one From Iran with his banknote Piece is havin a hot surf over the political art. love this dude.
Aug 19, 2019 15:37:58 GMT 1
Daniel Silk: In my opinion, Imbue, Ryca and Mobstr would be artists producing the freshest art in the past couple of years. Who would be your top 3?
Aug 17, 2019 15:21:56 GMT 1
Daniel Silk: I have been having a big tidy up in the Banksy forum part of the site over the past few days. I think you will find more threads in the correct places, but still lots more to do.
Aug 14, 2019 14:27:02 GMT 1
Daniel Silk: We now have artist boards for FinDac, Pez, James Oliver, Dale Marshall.
Aug 14, 2019 2:06:13 GMT 1
faile313: Only 1 left per the site's counter
Aug 13, 2019 20:11:34 GMT 1
paulagibbs: From someone who used to build websites, this site is not easy to navigate, and all those flashing ads at the top are annoying and rather low-end looking. I am guessing the only people who are going to visit are artists trying to sell their art.
Aug 12, 2019 15:31:12 GMT 1
Daniel Silk: Please note, Artists and Galleries are very welcome to join here and post promoting their work and print releases. It’s totally FREE to do so. Welcome to the Urban Art Association.
Aug 12, 2019 12:13:32 GMT 1
Daniel Silk: Toughart, the new threads and posts link buttons scroll at the top of the page as always, plus now they also appear on the board of the main page.
Aug 12, 2019 4:10:54 GMT 1
GIRL WITH RED BALLON FOR SALE: Banksy ,Girl with red ballon for sale with COA mint condition looking around the £55.000
Aug 11, 2019 13:58:10 GMT 1
toughart: I thought there was a issue with the website but this new Layout for this forum blows. Why are the new threads and post so hidden? This site is too difficult to navigate now. Bad update.
Aug 11, 2019 13:24:08 GMT 1
Daniel Silk: Yes, you are allowed to post links to your art items for sale on ebay, just please try to post in the correct ebay threads in the artists board. Thank you.
Aug 11, 2019 12:36:58 GMT 1
Daniel Silk: What Artists do you think are leading the Urban Art scene with new ideas? Rather than reproducing old images.
Aug 11, 2019 2:27:45 GMT 1