nobokov
Junior Member
Posts โข 4,868
Likes โข 6,778
February 2016
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Anyone out there still buying art?, by nobokov on May 24, 2023 18:40:21 GMT 1, Is anyone still buying art these days or is everyone trying to sell before the pyramid collapses?
Is anyone still buying art these days or is everyone trying to sell before the pyramid collapses?
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Anyone out there still buying art?, by Adam The Collector on May 24, 2023 18:45:19 GMT 1, Buying, Buying, Buying, Buying
Buying, Buying, Buying, Buying
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Wanchope
Junior Member
Posts โข 1,349
Likes โข 1,153
February 2020
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Anyone out there still buying art?, by Wanchope on May 24, 2023 18:45:55 GMT 1, Of course they are, but prices have to be more sensible for people to buy and too many are still hanging onto last years prices.
Of course they are, but prices have to be more sensible for people to buy and too many are still hanging onto last years prices.
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rinz
New Member
Posts โข 401
Likes โข 334
October 2019
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Anyone out there still buying art?, by rinz on May 24, 2023 18:53:31 GMT 1, Have never bought more. 3 canvas' in the last 20 days . Getting broke.
Have never bought more. 3 canvas' in the last 20 days . Getting broke.
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Anyone out there still buying art?, by John The Badgers on May 24, 2023 18:54:45 GMT 1, Interesting post Nobokov.
I'm trying to sell something on here at the moment, thought it was reasonably priced etc, and surprised at the lack of interest, so I guess people do need to look at their expectations?
That said, not the wealthiest, but decentish income etc, and have found recently you really need to be on the ball with your income to square everything. Any 'luxuries' like buying art more considered now?
Interesting post Nobokov.
I'm trying to sell something on here at the moment, thought it was reasonably priced etc, and surprised at the lack of interest, so I guess people do need to look at their expectations?
That said, not the wealthiest, but decentish income etc, and have found recently you really need to be on the ball with your income to square everything. Any 'luxuries' like buying art more considered now?
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Matt 2 ttaM
New Member
Posts โข 243
Likes โข 149
May 2020
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Anyone out there still buying art?, by Matt 2 ttaM on May 24, 2023 19:07:25 GMT 1, Ive cut back considerably after I filled the walls and realized that I dont really want to just buy to fill the folio, so am going mainly for select OGโs and a few select releases. This year I bought from 3 releases, just got a commission completed and am waiting on a big buy end of the year. Think thats it.
Ive cut back considerably after I filled the walls and realized that I dont really want to just buy to fill the folio, so am going mainly for select OGโs and a few select releases. This year I bought from 3 releases, just got a commission completed and am waiting on a big buy end of the year. Think thats it.
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Couch Tado
New Member
Posts โข 251
Likes โข 204
August 2021
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Anyone out there still buying art?, by Couch Tado on May 24, 2023 19:11:53 GMT 1, I am buying a few things.. Things that are on my wish list that are now popping up at reasonable prices, drops from artists I like which aren't going to break the bank, and a few big things to invest in which I think will beat the market long term.
I am also "selling" and I use the term loosely, meaning I have things for sale but things are moving really slowly if at all.
I am buying a few things.. Things that are on my wish list that are now popping up at reasonable prices, drops from artists I like which aren't going to break the bank, and a few big things to invest in which I think will beat the market long term.
I am also "selling" and I use the term loosely, meaning I have things for sale but things are moving really slowly if at all.
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Blue
New Member
Posts โข 293
Likes โข 339
September 2021
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Anyone out there still buying art?, by Blue on May 24, 2023 19:23:03 GMT 1, Keeping my powder dry for the right piece at the right price. Focussing more on my actual hit list instead of picking up more new releases ... Was tempted by the two recent Hirst and Invader Heni drops but didnt pull the trigger in the end. Im sure I will live to regret it ha
Keeping my powder dry for the right piece at the right price. Focussing more on my actual hit list instead of picking up more new releases ... Was tempted by the two recent Hirst and Invader Heni drops but didnt pull the trigger in the end. Im sure I will live to regret it ha
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zacksz 123123
New Member
Posts โข 482
Likes โข 229
October 2019
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Anyone out there still buying art?, by zacksz 123123 on May 24, 2023 19:38:50 GMT 1, Looking for several pieces that were hard to find a couple years ago.
Genesis Tramaine Rashid Johnson Emily mae smith Robin F Williams Julie Curtis Nina Chanel Yue min jun
More
Looking for several pieces that were hard to find a couple years ago.
Genesis Tramaine Rashid Johnson Emily mae smith Robin F Williams Julie Curtis Nina Chanel Yue min jun
More
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sevrin
New Member
Posts โข 546
Likes โข 631
February 2022
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Anyone out there still buying art?, by sevrin on May 24, 2023 19:55:55 GMT 1, Yes, been buying quite a lot actually, picking and choosing the right releases, but not at secondary market prices, they are mostly ridiculous, with people wanting crazy money for prints!
Yes, been buying quite a lot actually, picking and choosing the right releases, but not at secondary market prices, they are mostly ridiculous, with people wanting crazy money for prints!
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Pawel
Junior Member
Posts โข 3,733
Likes โข 3,213
Member is Online
June 2015
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Anyone out there still buying art?, by Pawel on May 24, 2023 20:00:29 GMT 1, Is anyone still buying art these days or is everyone trying to sell before the pyramid collapses? Banksy' LIITA was selling for 200k. It sold today for 30+. What do you mean "before"?
Is anyone still buying art these days or is everyone trying to sell before the pyramid collapses? Banksy' LIITA was selling for 200k. It sold today for 30+. What do you mean "before"?
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Terry Fuckwitt
Junior Member
Posts โข 3,530
Likes โข 6,402
October 2019
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Anyone out there still buying art?, by Terry Fuckwitt on May 24, 2023 20:16:52 GMT 1, Is anyone still buying art these days or is everyone trying to sell before the pyramid collapses? Banksy' LIITA was selling for 200k. It sold today for 30+. What do you mean "before"? That was an unsigned today. Don't think anyone will be buying signed LIITA for ยฃ30k just yet
Is anyone still buying art these days or is everyone trying to sell before the pyramid collapses? Banksy' LIITA was selling for 200k. It sold today for 30+. What do you mean "before"? That was an unsigned today. Don't think anyone will be buying signed LIITA for ยฃ30k just yet
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cemltz
New Member
Posts โข 406
Likes โข 707
October 2022
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Anyone out there still buying art?, by cemltz on May 24, 2023 20:18:32 GMT 1, I try to avoid timing any markets. Buy and sell throughout, don't stress the pennies.
I try to avoid timing any markets. Buy and sell throughout, don't stress the pennies.
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Terry Fuckwitt
Junior Member
Posts โข 3,530
Likes โข 6,402
October 2019
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Anyone out there still buying art?, by Terry Fuckwitt on May 24, 2023 20:47:45 GMT 1, Haha, that's nuts! Never realised people were paying that much for the unsigned
Haha, that's nuts! Never realised people were paying that much for the unsigned
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Pawel
Junior Member
Posts โข 3,733
Likes โข 3,213
Member is Online
June 2015
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Anyone out there still buying art?, by Pawel on May 24, 2023 20:57:03 GMT 1, Haha, that's nuts! Never realised people were paying that much for the unsigned I believe someone mentioned that one of the 200k ones was glued to a board.
Haha, that's nuts! Never realised people were paying that much for the unsigned I believe someone mentioned that one of the 200k ones was glued to a board.
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Terry Fuckwitt
Junior Member
Posts โข 3,530
Likes โข 6,402
October 2019
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Anyone out there still buying art?, by Terry Fuckwitt on May 24, 2023 21:04:53 GMT 1, Haha, that's nuts! Never realised people were paying that much for the unsigned I believe someone mentioned that one of the 200k ones was glued to a board. I hope the poor bugger didn't buy as an investment. Might be a few years before they see anything like that again
Haha, that's nuts! Never realised people were paying that much for the unsigned I believe someone mentioned that one of the 200k ones was glued to a board. I hope the poor bugger didn't buy as an investment. Might be a few years before they see anything like that again
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drbf
New Member
Posts โข 292
Likes โข 160
December 2017
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Anyone out there still buying art?, by drbf on May 24, 2023 21:42:18 GMT 1, Based on the last auction results I think we have not seen the bottom in the art market except for some Very iconic pieces.
Based on the last auction results I think we have not seen the bottom in the art market except for some Very iconic pieces.
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billybob1969
New Member
Posts โข 184
Likes โข 153
May 2020
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Anyone out there still buying art?, by billybob1969 on May 25, 2023 3:54:25 GMT 1, Auctions right now apart from top tier institutional stuff (and even thatโs off) and a few select artists are an absolute terrible place to sell anything but if you have half a clue you can pretty much go into any art auction at the moment and thereโll be about a dozen or so pieces you can buy and flip for 15-20% profit pretty much immediately. Never ever seen such a disconnect. Obviously the private secondary sales market is still tough but there are buyers, it seems at auction for pieces under ยฃ250k no end users are buying and itโs pretty much just dealers in many cases buying lots for opening bids or unreserved lots for pennies. Based on this now is an opportunity that probably comes around once every 10-15 years, so canโt think of a better time to buy.
Auctions right now apart from top tier institutional stuff (and even thatโs off) and a few select artists are an absolute terrible place to sell anything but if you have half a clue you can pretty much go into any art auction at the moment and thereโll be about a dozen or so pieces you can buy and flip for 15-20% profit pretty much immediately. Never ever seen such a disconnect. Obviously the private secondary sales market is still tough but there are buyers, it seems at auction for pieces under ยฃ250k no end users are buying and itโs pretty much just dealers in many cases buying lots for opening bids or unreserved lots for pennies. Based on this now is an opportunity that probably comes around once every 10-15 years, so canโt think of a better time to buy.
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Anyone out there still buying art?, by Yeah Yeah Yeah Round2 on May 25, 2023 5:31:55 GMT 1, If itโs a hundred quid, then yes. Iโm sticking to the olden days when prints were affordable.
If itโs a hundred quid, then yes. Iโm sticking to the olden days when prints were affordable.
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Tobi187
Junior Member
Posts โข 1,287
Likes โข 2,225
February 2018
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Anyone out there still buying art?, by Tobi187 on May 25, 2023 8:40:00 GMT 1, I believe I purchased excessive art lately, despite skipping some open editions.
I believe I purchased excessive art lately, despite skipping some open editions.
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Newar
Junior Member
Posts โข 1,371
Likes โข 975
April 2018
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Anyone out there still buying art?, by Newar on May 25, 2023 9:42:41 GMT 1, asian flippers/buyers are getting bored (or learning) and global economy is getting down (and hope china will not start his war with taiwan anytime soon (economic one on strategical assets already started with us and europe)
stop buying prints randomly since last year or so to finally stack already full portfolio's and wall's
would only have OG's if possible
still buying lot's of signed books
asian flippers/buyers are getting bored (or learning) and global economy is getting down (and hope china will not start his war with taiwan anytime soon (economic one on strategical assets already started with us and europe) stop buying prints randomly since last year or so to finally stack already full portfolio's and wall's would only have OG's if possible still buying lot's of signed books
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Anyone out there still buying art?, by Lroy on May 25, 2023 9:48:00 GMT 1, Thanks to Nobokov (who we miss a bit on this forum).
It is not so simple, nor manichean, many factors to consider.
You have to see things differently from now on. For one or two years or more, we have had Brexit (so customs fees), Covid, the global "cost of living" crisis, the war in Ukraine and a conflict that is escalating. We had the NFTs, the emergence of Heni and other hyped sellers/galleries (where the name of the publisher becomes as important as the name of the artist), three-day "open editions", and therefore somewhat unlimited etc, new media and "we" buy differently...
Moreover, everything always depends on the fortune or/and the compulsive disease of the collector.
For my part, I refuse to pay - and I do not have the funds - more than 100/150 euros for a print or a book (many books are at this price now). The artists and their gallery owners, for the older ones, do not help us. They offer prints at 1k, 2.5k, most often at 5k (Banksy, Dran, Invader, Hirst). They need money I guess, but he, everybody needs money.
The secondary market is stagnant, and nothing is sold, the famous "supply and demand" only exists for new products. Moreover, how are you going to sell a print bought for 2k or 5k, in the secondary market? If you want to earn at least double the purchase, you have to sell it at extremely high prices for a secondary market. Moreover, it is funny to see that the latest Banksy prints or artworks for example (those of GDP, Banksiat etc) sell perfectly and are in high demand, when the oldest prints lose value or stagnate (Lita, Sales End etc.)...
I am therefore content with tats, flyers, books, vinyls, and have abandoned the news - even the old ones, as the sellers are still asking prices like before the crisis) prints, I am even happy to see these exorbitant prices on sale, as I don't have the money, I don't spend and don't feel concerned. Just buyers should beware, contemporary art still sells well ( or better ), when street-art or similar is in decline, in my humble opinion.
Thank you for your understanding. and happy to see you back nobokov !
Thanks to Nobokov (who we miss a bit on this forum). It is not so simple, nor manichean, many factors to consider. You have to see things differently from now on. For one or two years or more, we have had Brexit (so customs fees), Covid, the global "cost of living" crisis, the war in Ukraine and a conflict that is escalating. We had the NFTs, the emergence of Heni and other hyped sellers/galleries (where the name of the publisher becomes as important as the name of the artist), three-day "open editions", and therefore somewhat unlimited etc, new media and "we" buy differently... Moreover, everything always depends on the fortune or/and the compulsive disease of the collector. For my part, I refuse to pay - and I do not have the funds - more than 100/150 euros for a print or a book (many books are at this price now). The artists and their gallery owners, for the older ones, do not help us. They offer prints at 1k, 2.5k, most often at 5k (Banksy, Dran, Invader, Hirst). They need money I guess, but he, everybody needs money. The secondary market is stagnant, and nothing is sold, the famous "supply and demand" only exists for new products. Moreover, how are you going to sell a print bought for 2k or 5k, in the secondary market? If you want to earn at least double the purchase, you have to sell it at extremely high prices for a secondary market. Moreover, it is funny to see that the latest Banksy prints or artworks for example (those of GDP, Banksiat etc) sell perfectly and are in high demand, when the oldest prints lose value or stagnate (Lita, Sales End etc.)... I am therefore content with tats, flyers, books, vinyls, and have abandoned the news - even the old ones, as the sellers are still asking prices like before the crisis) prints, I am even happy to see these exorbitant prices on sale, as I don't have the money, I don't spend and don't feel concerned. Just buyers should beware, contemporary art still sells well ( or better ), when street-art or similar is in decline, in my humble opinion. Thank you for your understanding. and happy to see you back nobokov !
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aumi
New Member
Posts โข 321
Likes โข 274
November 2014
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Anyone out there still buying art?, by aumi on May 25, 2023 9:50:10 GMT 1, Just bought a work by Gabe Cortese. Selling one work to buy a couple of canvases then. I think once you started collecting there is no way back.
Just bought a work by Gabe Cortese. Selling one work to buy a couple of canvases then. I think once you started collecting there is no way back.
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topper
New Member
Posts โข 261
Likes โข 386
February 2023
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Anyone out there still buying art?, by topper on May 25, 2023 9:52:08 GMT 1, I'm still buying (hopefully) getting some decent deals. It's definitely a buyers market these days, not surprising with the global economy struggling. Not worried in the long term, I was out in London last night and everywhere was absolutely rammed, expensive restaurants and bars full. I know London is a bubble, but there is still money around, people are just being more careful. Timed editions seem to benefit buyers these days, so expect them to stop soon.
I'm still buying (hopefully) getting some decent deals. It's definitely a buyers market these days, not surprising with the global economy struggling. Not worried in the long term, I was out in London last night and everywhere was absolutely rammed, expensive restaurants and bars full. I know London is a bubble, but there is still money around, people are just being more careful. Timed editions seem to benefit buyers these days, so expect them to stop soon.
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sandinista
New Member
Posts โข 569
Likes โข 471
April 2020
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Anyone out there still buying art?, by sandinista on May 25, 2023 11:53:15 GMT 1, I've got an unsigned Banksy still registered to Laz. Might take it on the greatest auction and sell for 100k
I've got an unsigned Banksy still registered to Laz. Might take it on the greatest auction and sell for 100k
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sevrin
New Member
Posts โข 546
Likes โข 631
February 2022
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Anyone out there still buying art?, by sevrin on May 25, 2023 11:53:20 GMT 1, Just bought a work by Gabe Cortese. Selling one work to buy a couple of canvases then. I think once you started collecting there is no way back. It is definitely an addiction ๐
Just bought a work by Gabe Cortese. Selling one work to buy a couple of canvases then. I think once you started collecting there is no way back. It is definitely an addiction ๐
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Anyone out there still buying art?, by Lroy on May 25, 2023 16:26:38 GMT 1, Just bought a work by Gabe Cortese. Selling one work to buy a couple of canvases then. I think once you started collecting there is no way back. It is definitely an addiction ๐ Yes, I know, Iโm trying since decades to curate it amongst other addictions.
Just bought a work by Gabe Cortese. Selling one work to buy a couple of canvases then. I think once you started collecting there is no way back. It is definitely an addiction ๐ Yes, I know, Iโm trying since decades to curate it amongst other addictions.
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Anyone out there still buying art?, by Lroy on May 25, 2023 17:58:32 GMT 1, Yes a lot here did not ask themselves if they want to buy or not. They buy thatโs all. Rich is becoming richer and poor poorer. Capitalism at its maximum during crisis. They use it.
Yes a lot here did not ask themselves if they want to buy or not. They buy thatโs all. Rich is becoming richer and poor poorer. Capitalism at its maximum during crisis. They use it.
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