Wiseblood
Junior Member
Posts โข 1,245
Likes โข 3
May 2007
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Banksy on finance, by Wiseblood on Jan 25, 2008 10:32:39 GMT 1, My boss has just told me a wall with a banksy on sold for ยฃ208k  So after he got over the shock that i already knew. We got onto the cost of things like this. Will originals or evan the expensive prints be bought with cash or with a loan. I know it differs depending on the buyer, but was just wondering if there was a lot of ISAs being emptied or if there was just a large amount of 0% credit cards out there.
My boss has just told me a wall with a banksy on sold for ยฃ208k So after he got over the shock that i already knew. We got onto the cost of things like this. Will originals or evan the expensive prints be bought with cash or with a loan. I know it differs depending on the buyer, but was just wondering if there was a lot of ISAs being emptied or if there was just a large amount of 0% credit cards out there. |
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Banksy on finance, by fartofthestate on Jan 25, 2008 10:34:02 GMT 1, wtf
wtf
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carl
Blank Rank
Posts โข 0
Likes โข 1
September 2011
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Banksy on finance, by carl on Jan 25, 2008 11:16:52 GMT 1, I think that alot of people were buying on loan and that is now slowing hence the drop in prices. It wil recover and also find a more stable buyer in the process.
I think that alot of people were buying on loan and that is now slowing hence the drop in prices. It wil recover and also find a more stable buyer in the process.
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njr911
Junior Member
Posts โข 2,365
Likes โข 402
April 2007
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Banksy on finance, by njr911 on Jan 25, 2008 16:30:01 GMT 1, art on finance...can't be a good idea !
art on finance...can't be a good idea !
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angryboy
New Member
Posts โข 366
Likes โข 1
October 2007
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Banksy on finance, by angryboy on Jan 25, 2008 16:36:04 GMT 1, I'd never buy anything except with cash.
Art's a luxury item and it seems madness to buy expensive bits of art if you can only afford it by going in debt.
I'd never buy anything except with cash.
Art's a luxury item and it seems madness to buy expensive bits of art if you can only afford it by going in debt.
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Octopus UK
New Member
Posts โข 868
Likes โข 182
February 2007
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Banksy on finance, by Octopus UK on Jan 25, 2008 17:02:05 GMT 1, Unless you know you can sell them the next day for 4 times their purchase price?
Unless you know you can sell them the next day for 4 times their purchase price?
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Banksy on finance, by Guest on Jan 25, 2008 19:09:50 GMT 1, Yeah, you guys are doing now what the japanese did in the late 80's/ early 90's. The difference is that the European economy can support this now, whereas all of the borrowing for art created massive instbility in the japanese economy back then.
I too wonder if it will slow down. It hasn't showed many signs in Europe yet, however the market has really taken a hit here in the USA, but we are in a recession after all. Each American owes $60,000 toward the stupid war right now... Fuckin Bush!!!! It'll take us a good 20 years to dig out of this hole.
Yeah, you guys are doing now what the japanese did in the late 80's/ early 90's. The difference is that the European economy can support this now, whereas all of the borrowing for art created massive instbility in the japanese economy back then.
I too wonder if it will slow down. It hasn't showed many signs in Europe yet, however the market has really taken a hit here in the USA, but we are in a recession after all. Each American owes $60,000 toward the stupid war right now... Fuckin Bush!!!! It'll take us a good 20 years to dig out of this hole.
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kingleopald
New Member
Posts โข 211
Likes โข 0
December 2007
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Banksy on finance, by kingleopald on Jan 25, 2008 22:06:50 GMT 1,
Second that
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craigf
Full Member
Posts โข 8,557
Likes โข 846
May 2007
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Banksy on finance, by craigf on Jan 25, 2008 23:15:11 GMT 1, We Brits aren't immune to stupid government decisions. Their latest idea of bailing out the Northern Rock for a cool ยฃ50 Billion means each and every Brit has coughed up around ยฃ800 each (including kids!)
I could have almost bought an unsigned Banksy for that!!!! 
We Brits aren't immune to stupid government decisions. Their latest idea of bailing out the Northern Rock for a cool ยฃ50 Billion means each and every Brit has coughed up around ยฃ800 each (including kids!) I could have almost bought an unsigned Banksy for that!!!! |
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Banksy on finance, by snakes on Jan 26, 2008 21:01:35 GMT 1, Yeah, you guys are doing now what the japanese did in the late 80's/ early 90's. The difference is that the European economy can support this now, whereas all of the borrowing for art created massive instbility in the japanese economy back then. I too wonder if it will slow down. It hasn't showed many signs in Europe yet, however the market has really taken a hit here in the USA, but we are in a recession after all. Each American owes $60,000 toward the stupid war right now... f**kin Bush!!!! It'll take us a good 20 years to dig out of this hole.
Just wait till you try and start another one with Iran or North Korea then you will all be really skint and driving crappy little cars just like us lot over here in the UK!
Yeah, you guys are doing now what the japanese did in the late 80's/ early 90's. The difference is that the European economy can support this now, whereas all of the borrowing for art created massive instbility in the japanese economy back then. I too wonder if it will slow down. It hasn't showed many signs in Europe yet, however the market has really taken a hit here in the USA, but we are in a recession after all. Each American owes $60,000 toward the stupid war right now... f**kin Bush!!!! It'll take us a good 20 years to dig out of this hole. Just wait till you try and start another one with Iran or North Korea then you will all be really skint and driving crappy little cars just like us lot over here in the UK! |
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monstris
New Member
Posts โข 424
Likes โข 2
September 2006
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Banksy on finance, by monstris on Jan 27, 2008 23:38:20 GMT 1, Bring on the LADA!
Bring on the LADA!
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So after he got over the shock that i already knew. We got onto the cost of things like this. Will originals or evan the expensive prints be bought with cash or with a loan. I know it differs depending on the buyer, but was just wondering if there was a lot of ISAs being emptied or if there was just a large amount of 0% credit cards out there.
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