Faile Ecstasy Print - June 15th

[pezlow]

Agree Weeble,

I can't really see that buying a print for around £500-£600 is much of an investment. Sure if you are going to buy an original for 1000's then so be it but "investing" at this end of the market is pretty foolish.

Why do people buy art. Mostly to have something nice to display in their homes. I think people do genuinely realise that most of the art they buy is immediately worth less than what they pay for it. But art is a luxury purchase. And of course it is not the only type of good that you can say that about. Cars, White Goods, Technology all of that is immediately worth less than what you pay for it. It doesn't stop people buying it because it gives them utility (unlike art) or pleasure, just like art.

This scene is in a little bubble. I think a lot of people buy art created by the artists in this scene because they are addicted to the buying process, the thrill of the chase etc. If I am honest quite a few of my purchases have been like that. They don't genuinely buy to flip but once the thrill of the chase has gone they realise they have too much art to fill their walls, or they don't like the piece as much as they thought they did, or they need to fund the next purchase. So it gets moved on, often at a loss. Again I would admit to doing this as well.

As for the artists that James identified I agree that quite a few are probably better buys "investment wise" than this faile print. Maybe. But ultimately a £600 print is never going to make you big bucks whether it is by Wegman or faile.

[spencerlee]

Well said Pez. The problem is the entire scene, more specifically this forum is resonating with the one-off case of Banksy. Originals and small edition prints from relatively recently are worth a small fortune, and recent large editions fetch a pretty penny. This situation is the background to other releases by other artists and people are looking to catch the next one before he\she blows up.

[G-Man]

Pez I agree with you to some degree but a lot of the art in this price bracket can be bought, enjoyed and then sold for a similar amount after the buyer has enjoyed it. This differs significantly from the other luxury goods markets of cars, technology etc. All of these make an immediate loss and the longer you enjoy it the more the loss. I have bought art enjoyed having it on the wall for a while then rung the changes and sold it to buy some more, this often is at a very similar price to which I bought it ofr allowing me to have enjoyed it for free.

[pezlow]

Yeah, I don't doubt that there are occasions in this bubble where a piece you buy keeps its value or even increases in value. But I would suggest that the majority of pieces bought in the last year to 18 months have not kept their value. And I think this is true for most art purchases at our levels, it's obviously different at the top end of the market.

Outside this scene prints by well known artists can be available from source for years. Clearly the print is therefore not worth what you paid for it as soon as you buy it. But it doesn't stop you buying because you want to put it on your wall and enjoy it.

[G-Man]

I think that the days of flipping for profit are over in the scene apart from the obvious artists which is a really good thing. You only have to look at the flood of prints at near to cost on Ebay to see this. This said there are still many prints from the larger artists on the scene that do hold their value and therefore people can buy, enjoy and recoup their money on. The problem lies for me in the quality of some of the prints that are being sold on the back of a few great artists. It's not that these other prints are not being created by talented people in tyhe main, but the volume and cost of prints that are hitting the scene.

Jun 15, 2010 17:57:40 GMT 1 @rosstierney said:

;D

I don't know how to explain that text stopki but basically, if you're charged VAT @ 17.5% on a piece like this Faile, you write to Customs & Excise describing the piece and that you believe VAT should have been charged at the reduced rate of 5%. They will eventually send you a cheque for the 12.5% difference.

cheers ross.
makes sense when you think about it.....

thanx again

[volvic]

Jun 17, 2010 13:01:46 GMT 1 Wearology said:

I think people are hesitant to buy the most recent Faile prints is because the Star Spangled Banner and other more recent prints release by the Patrick's are being resold for cost and or below. There is no way to protect one's investment like you can with a Banksy.

and the sooner people realize that, the sooner they can get on and enjoy art and buy art they like.. if you want investment just buy all the banksy prints and imo have very very boring walls in your house but then again you will have peace of mind whilst eating your tea looking at all that cash on your walls

The artist Emo hit Desboucher Road, Mauritius 20th May 2010 , shortly after landed the second page of the National News Paper Le Matinal.

Attachments:

[Veralynn]

Fact remains that had this specific print been released at, say $500, then it would have flown off the shelf and there would be a decent % of the release on the bay (or on here) with the usual bollocks sob story around selling it.

What I continue to find staggering is that people can actually be arsed to buy something and sell it for such a poxy return in terms of pound notes - it's not good practise to buy something for £100 and sell it for £120 odd. It's a waste of time yet it occurs regularly.....

[jones27]

I hope this is the way forward for Faile. Larger editions but with the same quality as 07 releases. And at a decent price. Any moaners/haters (ie flippers) can wait for the next Banksy. Hang and enjoy.

Jun 18, 2010 15:02:02 GMT 1 @chris125 said:

The artist Emo hit Desboucher Road, Mauritius 20th May 2010 , shortly after landed the second page of the National News Paper Le Matinal.


www.onlineartgallery.org.uk

Hi emo

[Veralynn]

Jun 19, 2010 15:22:23 GMT 1 jones27 said:

I hope this is the way forward for Faile. Larger editions but with the same quality as 07 releases. And at a decent price. Any moaners/haters (ie flippers) can wait for the next Banksy. Hang and enjoy.

I hope this is the way forward for every artist, Banksy inc.

Given the relationship between Banksy and POW then wonder why commercially they don't bang out 300 singed prints at £1750 (?) rather than £450 odd....???? They're not always a charity and I don't buy the 'affordable' argument any more since any one person / fan / collector is so unlikely to get one at source now in any event.

[volvic]

i would like to see how long it would take for an edition of 300 bankys to sell out at £1750 - a very interesting social experiment to say the least.

I see the whole rush/ hype of a banksy release a big part of the machine, im sure they would want it no other way

[Veralynn]

Dropping £300K in sales turnover per release won't pay the rent for eternity if you've got 'x' amount of sq ft on the cusp of the City, especially when the roster of alternative artists are possibly not contributing on a meaningful basis......

[bullet]

they would never do that, it makes art out of the reaches of the masses which is not their mission statement.

[Veralynn]

'never' is a long time - if this is their true mission statement then why not have a smaller office in a more secondary location or charge £60 odd for PC which is a process which takes seconds to administer?

[happyshopper]

Would have loved this, but was away for the last week. Gutted!

[howies]

WOW she arrived today and the amount of hand finishing on this little beauty has blown me away, this is my second Faile after Star spangled and i must say this is in another league, so many layers it looks more like an original with all the different coloured brush strokes, check it out ;D ;D

[pezlow]

Looks amazing

[jtk]

Really great looking print!

[Veralynn]

I'd agree, it looks absolutely first class and I had a good think (and was nice to have the time to) about buying this, great purchase. It'd be great to have a snapshot when framed and lovely.....

[adewilliams]

beautiful. I just noticed the stab in there - touch

[Karl Read]

Wow, very nice, regretting not picking this up now. Will be interesting to see how many hit the bay.
That would look really good in a nice white box frame.

[machination]

I love this print, and I respect everything Faile does.

However, I keep thinking about how I could get one or two originals for this price and it stops me from purchasing.

Just a personal preference, of course.

[bullet]

yeah nice depth on the screens. very cool

[G-Man]

WOW... this is a candidate for the print of the year 2010

[spaceshrew]

Mine should arrive tomorrow, if i escape customs?

[artstylee]

Jun 24, 2010 17:16:25 GMT 1 G-Man said:

WOW... this is a candidate for the print of the year 2010

12 Colors looks NICE

Didn't open mine yet.

Going to take print straight to the framers.

But I think I have to float the print as I don't want to crop the image with a matting board.

You can tell Faile loved the image (As they said it was their favorite image from the series.) So they took time and care into the production of the print. Well Done FAILE!!!

[spaceshrew]

I think Faile prints, work really well floated, for what it's worth.