endtimes
New Member
Posts • 120
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September 2007
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MICALLEF’S MILLION DOLLAR MAKEOVER…, by endtimes on Sept 29, 2007 4:47:04 GMT 1, This may have already been posted but I just say this today:
www.supertouchblog.com/2007/09/20/lahype-20anthony-micallefs-million-dollar-makeover/#more-2605
I found this line to be particularly funny:
Seriously, whenever I see a Banksy or Micallef listed on ebay that I think I might bid on I breath a sigh of relief if it's from the US. Because I know there's a chance that it might not get bid to stratospheric proportions by you frenzied brits thanks to VAT. (No offense)
The most poignant part of the post was:
This worries me about this scene. The way the prices have gone mad. There's no way it can go up this high without some reality check and correction to come. And when it does it's going to send shivers through everyone and it will be harder to build it back up after that. f Banksy, Faile, Micallef etc. ever have to drop their prices. It will look really really bad.
The rest of the blog I could take it or leave it. I don't deny Laz tries to Hype this stuff up. But it's something that is also very now and of the times. It comes from the 90s TBA rave scene as well as this decades "guerilla marketing" tactics. Just another way to make things that have a very commercial reason to exist seem less commercial and more personal and exclusive. It's just marketing 101, or maybe 102.
It still gets me how materialistic this scene really is. (Not that I'm not part of that problem - but I try and be level headed about it all too) I love art, but sometimes I hate how much I get caught up in having to have prints and stuff.
This may have already been posted but I just say this today: www.supertouchblog.com/2007/09/20/lahype-20anthony-micallefs-million-dollar-makeover/#more-2605I found this line to be particularly funny: Seriously, whenever I see a Banksy or Micallef listed on ebay that I think I might bid on I breath a sigh of relief if it's from the US. Because I know there's a chance that it might not get bid to stratospheric proportions by you frenzied brits thanks to VAT. (No offense) The most poignant part of the post was: This worries me about this scene. The way the prices have gone mad. There's no way it can go up this high without some reality check and correction to come. And when it does it's going to send shivers through everyone and it will be harder to build it back up after that. f Banksy, Faile, Micallef etc. ever have to drop their prices. It will look really really bad. The rest of the blog I could take it or leave it. I don't deny Laz tries to Hype this stuff up. But it's something that is also very now and of the times. It comes from the 90s TBA rave scene as well as this decades "guerilla marketing" tactics. Just another way to make things that have a very commercial reason to exist seem less commercial and more personal and exclusive. It's just marketing 101, or maybe 102. It still gets me how materialistic this scene really is. (Not that I'm not part of that problem - but I try and be level headed about it all too) I love art, but sometimes I hate how much I get caught up in having to have prints and stuff. |
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MICALLEF’S MILLION DOLLAR MAKEOVER…, by carlito on Sept 29, 2007 10:28:33 GMT 1, It still gets me how materialistic this scene really is
totally 
It still gets me how materialistic this scene really is totally |
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sputnikeye
New Member
Posts • 761
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August 2006
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MICALLEF’S MILLION DOLLAR MAKEOVER…, by sputnikeye on Sept 29, 2007 10:58:03 GMT 1, brilliant blog essay
brilliant blog essay
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Dead Elvis
New Member
Posts • 308
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August 2007
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MICALLEF’S MILLION DOLLAR MAKEOVER…, by Dead Elvis on Sept 29, 2007 16:42:27 GMT 1, I found Alan Bamberger's linked essay "ART, MONEY, SHEPARD FAIREY, BANKSY, AND THE QUEST FOR CLARITY" more interesting. These 2 essays bring up a valid point....
I found Alan Bamberger's linked essay "ART, MONEY, SHEPARD FAIREY, BANKSY, AND THE QUEST FOR CLARITY" more interesting. These 2 essays bring up a valid point....
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collector
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Posts • 94
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April 2007
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MICALLEF’S MILLION DOLLAR MAKEOVER…, by collector on Oct 1, 2007 21:17:37 GMT 1, Great little article, have not read the exended essays but I have to agree with what is said on the first page. It also confirms why I dislike Lazarides and what he stands for, I pulled out of buying Micallef originals this last week due to the fact I can't bear to support him, but purchased a Micallef peice on the secondary market as I love his work and want to support his career. Please Anthony get another agent.
Great little article, have not read the exended essays but I have to agree with what is said on the first page. It also confirms why I dislike Lazarides and what he stands for, I pulled out of buying Micallef originals this last week due to the fact I can't bear to support him, but purchased a Micallef peice on the secondary market as I love his work and want to support his career. Please Anthony get another agent.
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pezlow
Junior Member
Posts • 5,388
Likes • 254
January 2007
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MICALLEF’S MILLION DOLLAR MAKEOVER…, by pezlow on Oct 2, 2007 15:43:24 GMT 1, It is a brave new world for art buying BUT this frenzy plainly can't go on for ever. most normal people can't afford to keep dropping the cost of a small family car on art each month. And those that do will indeed get bored and move on to the next thing.
Me, I don't mind, I may have bought a lot of art this year but very very little of it has been on the secondary market and none of it was over a grand. Those people burning through the credit cards to buy art had better be careful....
It is a brave new world for art buying BUT this frenzy plainly can't go on for ever. most normal people can't afford to keep dropping the cost of a small family car on art each month. And those that do will indeed get bored and move on to the next thing.
Me, I don't mind, I may have bought a lot of art this year but very very little of it has been on the secondary market and none of it was over a grand. Those people burning through the credit cards to buy art had better be careful....
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Chuck D
New Member
Posts • 165
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October 2007
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MICALLEF’S MILLION DOLLAR MAKEOVER…, by Chuck D on Oct 2, 2007 19:32:12 GMT 1, ...or just enjoy the art they bought and relax.
...or just enjoy the art they bought and relax.
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RBK
Junior Member
Posts • 2,924
Likes • 104
September 2006
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MICALLEF’S MILLION DOLLAR MAKEOVER…, by RBK on Oct 2, 2007 21:24:59 GMT 1, It is a brave new world for art buying BUT this frenzy plainly can't go on for ever. most normal people can't afford to keep dropping the cost of a small family car on art each month. And those that do will indeed get bored and move on to the next thing. Me, I don't mind, I may have bought a lot of art this year but very very little of it has been on the secondary market and none of it was over a grand. Those people burning through the credit cards to buy art had better be careful....
Regardless if it continues indefinitely or pops soon, what I think many don't realize is that they are cogs in a much larger machine. The people really making money are not the Ebay print flippers - they are the monied people buying originals and reselling them within a years time for 2x+ what they originally paid for it.
The print frenzy just adds fuel to the fire that the originals selling privately & at auction will realize ridiculous returns. Think of what would happen if the original of one of the top print images was on auction!
Once again I agree with you pezlow that a lot of people should be careful (are going to get burned). Congrats on the mod position also! Good to know I know people in high places 
It is a brave new world for art buying BUT this frenzy plainly can't go on for ever. most normal people can't afford to keep dropping the cost of a small family car on art each month. And those that do will indeed get bored and move on to the next thing. Me, I don't mind, I may have bought a lot of art this year but very very little of it has been on the secondary market and none of it was over a grand. Those people burning through the credit cards to buy art had better be careful.... Regardless if it continues indefinitely or pops soon, what I think many don't realize is that they are cogs in a much larger machine. The people really making money are not the Ebay print flippers - they are the monied people buying originals and reselling them within a years time for 2x+ what they originally paid for it. The print frenzy just adds fuel to the fire that the originals selling privately & at auction will realize ridiculous returns. Think of what would happen if the original of one of the top print images was on auction! Once again I agree with you pezlow that a lot of people should be careful (are going to get burned). Congrats on the mod position also! Good to know I know people in high places |
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butterfly
New Member
Posts • 551
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August 2007
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MICALLEF’S MILLION DOLLAR MAKEOVER…, by butterfly on Oct 2, 2007 22:38:21 GMT 1, This may have already been posted but I just say this today: www.supertouchblog.com/2007/09/20/lahype-20anthony-micallefs-million-dollar-makeover/#more-2605I found this line to be particularly funny: Seriously, whenever I see a Banksy or Micallef listed on ebay that I think I might bid on I breath a sigh of relief if it's from the US. Because I know there's a chance that it might not get bid to stratospheric proportions by you frenzied brits thanks to VAT. (No offense) The most poignant part of the post was: This worries me about this scene. The way the prices have gone mad. There's no way it can go up this high without some reality check and correction to come. And when it does it's going to send shivers through everyone and it will be harder to build it back up after that. f Banksy, Faile, Micallef etc. ever have to drop their prices. It will look really really bad. The rest of the blog I could take it or leave it. I don't deny Laz tries to Hype this stuff up. But it's something that is also very now and of the times. It comes from the 90s TBA rave scene as well as this decades "guerilla marketing" tactics. Just another way to make things that have a very commercial reason to exist seem less commercial and more personal and exclusive. It's just marketing 101, or maybe 102. It still gets me how materialistic this scene really is. (Not that I'm not part of that problem - but I try and be level headed about it all too) I love art, but sometimes I hate how much I get caught up in having to have prints and stuff.
Great article here.
I agree the prices are total madness, but I am not too sure that this will slow down. B and Micallef are small players in the art world, compared to D Hirst, so I guess there still room for additional madness.
We ll see soon with the next Soho auction from Laz.
He's really a non stopping PR & marketing machine. When you think it's too much, then he does it again.
This may have already been posted but I just say this today: www.supertouchblog.com/2007/09/20/lahype-20anthony-micallefs-million-dollar-makeover/#more-2605I found this line to be particularly funny: Seriously, whenever I see a Banksy or Micallef listed on ebay that I think I might bid on I breath a sigh of relief if it's from the US. Because I know there's a chance that it might not get bid to stratospheric proportions by you frenzied brits thanks to VAT. (No offense) The most poignant part of the post was: This worries me about this scene. The way the prices have gone mad. There's no way it can go up this high without some reality check and correction to come. And when it does it's going to send shivers through everyone and it will be harder to build it back up after that. f Banksy, Faile, Micallef etc. ever have to drop their prices. It will look really really bad. The rest of the blog I could take it or leave it. I don't deny Laz tries to Hype this stuff up. But it's something that is also very now and of the times. It comes from the 90s TBA rave scene as well as this decades "guerilla marketing" tactics. Just another way to make things that have a very commercial reason to exist seem less commercial and more personal and exclusive. It's just marketing 101, or maybe 102. It still gets me how materialistic this scene really is. (Not that I'm not part of that problem - but I try and be level headed about it all too) I love art, but sometimes I hate how much I get caught up in having to have prints and stuff. Great article here. I agree the prices are total madness, but I am not too sure that this will slow down. B and Micallef are small players in the art world, compared to D Hirst, so I guess there still room for additional madness. We ll see soon with the next Soho auction from Laz. He's really a non stopping PR & marketing machine. When you think it's too much, then he does it again. |
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MICALLEF’S MILLION DOLLAR MAKEOVER…, by mammal2 on Oct 2, 2007 22:49:19 GMT 1, I hope it does pop so i can pick up some more banksy on the cheap! oi oi
I hope it does pop so i can pick up some more banksy on the cheap! oi oi
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Cocteau 101
Junior Member
Posts • 3,482
Likes • 1,202
January 2007
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MICALLEF’S MILLION DOLLAR MAKEOVER…, by Cocteau 101 on Oct 2, 2007 22:57:13 GMT 1, Out of a fairly "new" scence a few always survive and are credible - it's which out of today's crop are being talked about in 5 years time and who is giving them patronage.
Banksy is now firmly established - prices will only increase in my opinion.
Micallef - if he shows progression will also consolidate and grow - he has two distinct styles and it will be interesting to see if he naturally moves into one in favour of the other.
Then the crop behind - some will make it some will stay where they are.
Out of a fairly "new" scence a few always survive and are credible - it's which out of today's crop are being talked about in 5 years time and who is giving them patronage.
Banksy is now firmly established - prices will only increase in my opinion.
Micallef - if he shows progression will also consolidate and grow - he has two distinct styles and it will be interesting to see if he naturally moves into one in favour of the other.
Then the crop behind - some will make it some will stay where they are.
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jam
Junior Member
Posts • 1,629
Likes • 31
November 2006
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MICALLEF’S MILLION DOLLAR MAKEOVER…, by jam on Oct 2, 2007 23:54:06 GMT 1, It is a brave new world for art buying BUT this frenzy plainly can't go on for ever. most normal people can't afford to keep dropping the cost of a small family car on art each month. And those that do will indeed get bored and move on to the next thing. Me, I don't mind, I may have bought a lot of art this year but very very little of it has been on the secondary market and none of it was over a grand. Those people burning through the credit cards to buy art had better be careful....
Well spoken, and a legitimate points. I am glad to see others thinking along the same lines I do. 
One comment in addition to those everyone has made that needs to be pointed out is the fact this art market we are witnessing has been perpetuated by its own growth, and that is not likely to last. Talk of running up debit to make purchases, and spending such large percentages of income on art is a worrisome prospect. It speaks to the slowing in growth of the collector base's ability to keep up with pricing at the entry levels. The basis influx of cash needed to maintain the current price levels and sustain continued growth margins is on the rise and will need to be a exponentially greater multiple as time goes on if the value of work is to continue rising. While there are some people here with loads of dosh to be able to buy whatever they like, most other people have been able to justify the more expensive expenditures they are currently making by having the ability to offset the additional expense with profits made from offloading pieces they bought years ago for relatively cheap. Mentally, those profits are like 'found money', and that allows them to go drop huge chunks of cash that they (in most instances) would otherwise never be willing or able to pay. That works fine so long as there is continued growth in those lower levels of purchasing to be able to keep demand out of sync with supply and continue maintaining (or raising) prices. The problem is, without a continued growth in that lower area, prices at the top will slow up first, then fall with the lack of expendable money coming from below, which would likely take prices substantially down across the whole market.
In closing, as has been said many times here... don't buy art as an investment, buy it because you love it. Also do not go into debit for art, as it is a liability that you have to outlay cash (interest) for, insure, house/store, and in the end there is no guarantee of breaking even on your expenditure, let alone profiting from it! 
It is a brave new world for art buying BUT this frenzy plainly can't go on for ever. most normal people can't afford to keep dropping the cost of a small family car on art each month. And those that do will indeed get bored and move on to the next thing. Me, I don't mind, I may have bought a lot of art this year but very very little of it has been on the secondary market and none of it was over a grand. Those people burning through the credit cards to buy art had better be careful.... Well spoken, and a legitimate points. I am glad to see others thinking along the same lines I do. One comment in addition to those everyone has made that needs to be pointed out is the fact this art market we are witnessing has been perpetuated by its own growth, and that is not likely to last. Talk of running up debit to make purchases, and spending such large percentages of income on art is a worrisome prospect. It speaks to the slowing in growth of the collector base's ability to keep up with pricing at the entry levels. The basis influx of cash needed to maintain the current price levels and sustain continued growth margins is on the rise and will need to be a exponentially greater multiple as time goes on if the value of work is to continue rising. While there are some people here with loads of dosh to be able to buy whatever they like, most other people have been able to justify the more expensive expenditures they are currently making by having the ability to offset the additional expense with profits made from offloading pieces they bought years ago for relatively cheap. Mentally, those profits are like 'found money', and that allows them to go drop huge chunks of cash that they (in most instances) would otherwise never be willing or able to pay. That works fine so long as there is continued growth in those lower levels of purchasing to be able to keep demand out of sync with supply and continue maintaining (or raising) prices. The problem is, without a continued growth in that lower area, prices at the top will slow up first, then fall with the lack of expendable money coming from below, which would likely take prices substantially down across the whole market. In closing, as has been said many times here... don't buy art as an investment, buy it because you love it. Also do not go into debit for art, as it is a liability that you have to outlay cash (interest) for, insure, house/store, and in the end there is no guarantee of breaking even on your expenditure, let alone profiting from it! |
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MICALLEF’S MILLION DOLLAR MAKEOVER…, by tomjedimaster on Oct 3, 2007 0:56:42 GMT 1, well put jam. art is a luxury at the end of the day and is also sustained by a lot of new money that has been produced over the last few years with the strong markets across the world. when money is tight (or lets say for some of us our variable interest rates go up) we stop spending our money on luxury items. buying works strictly for profit is a scary prospect, in fact it's gambling. don't we all wish we bought one of the remaining head protraits for 5k at laz in october, or the 6k charcoal piece (or was it a water colour?) at santas ghetto in hindsight.
i bought a baldwin piece at his current show and did go into a bit of debt for it. i simply love his work and wanted an original and had a fantastic time picking one of the canvases with my wife as we would have been happy with any piece. it was a great experience. on the other hand, i was over at the show in LA on saturday and i felt like an idiot looking at work that has effectively been produced for the hollywood elite. i stood there and simply lost interest and had more fun looking at the space being used.
i completely agree with coctaeu101, that banksy has established himself in art history. he is at the right place, right time, producing the work that represents his generation (white boy middle class expressing the world through his eyes in his controversial graffiti, we can all relate to it). where as micallef needs to show progression in his work to establish himself. standing there at the show, the only conclusion that i could come up with is that he has quickly found a way to become a millionaire, as expressed quite strongly in this forum. and if that's what the laz machine and micallef wanted all along, then good for them as they've done an excellent job.
well put jam. art is a luxury at the end of the day and is also sustained by a lot of new money that has been produced over the last few years with the strong markets across the world. when money is tight (or lets say for some of us our variable interest rates go up) we stop spending our money on luxury items. buying works strictly for profit is a scary prospect, in fact it's gambling. don't we all wish we bought one of the remaining head protraits for 5k at laz in october, or the 6k charcoal piece (or was it a water colour?) at santas ghetto in hindsight.
i bought a baldwin piece at his current show and did go into a bit of debt for it. i simply love his work and wanted an original and had a fantastic time picking one of the canvases with my wife as we would have been happy with any piece. it was a great experience. on the other hand, i was over at the show in LA on saturday and i felt like an idiot looking at work that has effectively been produced for the hollywood elite. i stood there and simply lost interest and had more fun looking at the space being used.
i completely agree with coctaeu101, that banksy has established himself in art history. he is at the right place, right time, producing the work that represents his generation (white boy middle class expressing the world through his eyes in his controversial graffiti, we can all relate to it). where as micallef needs to show progression in his work to establish himself. standing there at the show, the only conclusion that i could come up with is that he has quickly found a way to become a millionaire, as expressed quite strongly in this forum. and if that's what the laz machine and micallef wanted all along, then good for them as they've done an excellent job.
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