[.dappy]

... I meant to post the link

://www.forumauctions.co.uk/About-Us/staff

[Deleted]

Jul 14, 2016 19:05:07 GMT 1 Castle Gallery NI said:

Jul 14, 2016 18:47:33 GMT 1 Pattycakes said:

@ Castle Gallery, have to say I tend to disagree with you on that one. These days decent auctions are setting the price points that push the market forward. Addmittedly an auction is a roll of the dice as it were but if you get on the right side of the roll then the rewards are enormous, and recently the prices at multiple auctions have proven this point.

I was talking from a sellers point of view and how much they receive after fees, now and then you get lucky like with SS recently but mostly the seller receives below what they can achieve, roughly 9/10 times. The the SS which achieved overall inc fees north of 30k the seller got closer to 20k which isnt that much more than they could have got and that was an unbelievable price someone ended up paying for it. Its that lottery fingers crossed it might be me, more likely it wont for the seller.

Do auction prices set the values?

For example if a print sells for 50K does that mean that is real value and if the same print fails to sell does it mean the real value is 0 ?

[Castle Gallery NI]

Jul 30, 2016 22:12:00 GMT 1 @elviswarhol said:

Jul 14, 2016 19:05:07 GMT 1 Castle Gallery NI said:

I was talking from a sellers point of view and how much they receive after fees, now and then you get lucky like with SS recently but mostly the seller receives below what they can achieve, roughly 9/10 times. The the SS which achieved overall inc fees north of 30k the seller got closer to 20k which isnt that much more than they could have got and that was an unbelievable price someone ended up paying for it. Its that lottery fingers crossed it might be me, more likely it wont for the seller.

Do auction prices set the values?

For example if a print sells for 50K does that mean that is real value and if the same print fails to sell does it mean the real value is 0 ?

In short yes auctions do set value, its an open sale and the highest bidders wins showing what the work can sell for on that particular day/circumstance but its a case of taking the average, theres situations were a work wont sell for bottom estimate which doesnt mean the value is 0 just that on that given day there wasnt a buyer willing to pay the low estimate, likewise if you get a few alpha males/drunk buyers after the same piece with deep pockets it can sell for well above what the average buyer would be willing to pay. The reason auctions set values is because the majority of galleries are selling secondary, many buy from auction so they have to sell above what they pay at auction, also sellers price the value of their work on auction sales, theres always factors.

[Deleted]

Jul 30, 2016 22:43:48 GMT 1 Castle Gallery NI said:

Jul 30, 2016 22:12:00 GMT 1 @elviswarhol said:

Do auction prices set the values?

For example if a print sells for 50K does that mean that is real value and if the same print fails to sell does it mean the real value is 0 ?

In short yes auctions do set value, its an open sale and the highest bidders wins showing what the work can sell for on that particular day/circumstance but its a case of taking the average, theres situations were a work wont sell for bottom estimate which doesnt mean the value is 0 just that on that given day there wasnt a buyer willing to pay the low estimate, likewise if you get a few alpha males/drunk buyers after the same piece with deep pockets it can sell for well above what the average buyer would be willing to pay. The reason auctions set values is because the majority of galleries are selling secondary, many buy from auction so they have to sell above what they pay at auction, also sellers price the value of their work on auction sales, theres always factors.

 What about bought in chandelier bid stuff. Is that just to pretend the item reached the set reserve thus keeping the confidence factor going regarding values?

[Pattycakes]

@ploppi the auctioneer can bid on behalf of the vendor up to the reserve price, anything above the reserve is actual bids in the room/phone/net etc.

[Deleted]

Aug 1, 2016 14:39:41 GMT 1 Pattycakes said:

@ploppi the auctioneer can bid on behalf of the vendor up to the reserve price, anything above the reserve is actual bids in the room/phone/net etc.

It should be classed as shill bidding and made illegal.

Why not just start at the reserve price then?

    Some auctions buy in art and some auctions lend the money to dealers to bid on the art and buy it too.

[Pattycakes]

@ploppi, no it's not shill bidding it's the auction process and the same for all auctioneers the world over. Look at it like this. Every lot has a set reserve, the auctioneer starts the lot at say one or two bids below the reserve, they are effectively bidding on behalf of the owner up to the level of their set reserve from there it's over to the open market.

Bear in mind this often isn't necessary, if there are absentee bids in the auctioneers book then the auctioneer is actually executing these bids left by people who are not in attendance in the sale -something I have noticed happens more and more these days, mainly absentee bids, telephone and internet, people increasingly don't need to attend sales now they are streamed live on the net.

[overend]

Aug 1, 2016 15:30:59 GMT 1 @elviswarhol said:

Aug 1, 2016 14:39:41 GMT 1 Pattycakes said:

@ploppi the auctioneer can bid on behalf of the vendor up to the reserve price, anything above the reserve is actual bids in the room/phone/net etc.

It should be classed as shill bidding and made illegal.

Why not just start at the reserve price then?

    Some auctions buy in art and some auctions lend the money to dealers to bid on the art and buy it too.

Got to agree this looks very shady and puts auction houses in a very poor light.

[ButtersUK]

Jul 14, 2016 22:47:24 GMT 1 Daniel Silk said:

Jul 14, 2016 11:20:12 GMT 1 chester said:

www.forumauctions.co.uk/Banksy-Editions/12-10-2016?gridtype=listview

A Banksy Auction with only 5 pieces in it.

I have just spoken to the gallery as I am looking at options to sell an un-signed 'Love Rat'. I believe the current list is a highlight of what will be available at auction.

[sommguy]

Banksy has high demand and very low availability. The auctions are a way to the art into the hands of people who cannot find it. Esp islay with a "clique" like POw and pest. Very VIP and all that BS.

I have sold a few signed prints thru juliens. Killed it. And you can negotiate on fees, if the piece in in demand.

[Castle Gallery NI]

Aug 22, 2016 6:49:52 GMT 1 sommguy said:

Banksy has high demand and very low availability. The auctions are a way to the art into the hands of people who cannot find it. Esp islay with a "clique" like POw and pest. Very VIP and all that BS.

I have sold a few signed prints thru juliens. Killed it. And you can negotiate on fees, if the piece in in demand.

They could always try typing banksy print etc into google, not that hard to find
If i was buying or selling through auction id be using one that sells authenticated for sale banksys rather than one that supports the sale of works removed from the streets, why did you choose juliens over say sothebys/christies etc?

[Deleted]

Aug 1, 2016 14:39:41 GMT 1 Pattycakes said:

@ploppi the auctioneer can bid on behalf of the vendor up to the reserve price, anything above the reserve is actual bids in the room/phone/net etc.

  If the auction ear bids up to the reserve price and no one else bids. Does that mean the auction ear has bought it?

[Pattycakes]

Aug 22, 2016 19:53:46 GMT 1 @elviswarhol said:

Aug 1, 2016 14:39:41 GMT 1 Pattycakes said:

@ploppi the auctioneer can bid on behalf of the vendor up to the reserve price, anything above the reserve is actual bids in the room/phone/net etc.

  If the auction ear bids up to the reserve price and no one else bids. Does that mean the auction ear has bought it?

no it means the reserve hasn't been met and it goes back to the vendor. 

[Deleted]

Aug 22, 2016 8:34:51 GMT 1 Castle Gallery NI said:

Aug 22, 2016 6:49:52 GMT 1 sommguy said:

Banksy has high demand and very low availability. The auctions are a way to the art into the hands of people who cannot find it. Esp islay with a "clique" like POw and pest. Very VIP and all that BS.

I have sold a few signed prints thru juliens. Killed it. And you can negotiate on fees, if the piece in in demand.

They could always try typing banksy print etc into google, not that hard to find
If i was buying or selling through auction id be using one that sells authenticated for sale banksys rather than one that supports the sale of works removed from the streets, why did you choose juliens over say sothebys/christies etc?

  Removing from the streets and selling at auction. Whats wrong with that? Where does one form of capitalism become more moral than another form?

 There is no law saying if someone paints on your property without permission that you have to leave whatever is painted on your property and cannot remove it or paint over it.

If for example you left your car in the street and Banksy stencilled a girl with a balloon or whetver on the car door. Would you decide to leave the car where it is because thats where Banksy wanted to paint it, regardless if the car accumulated parking tickets and was going to be towed away which would mean you having to create a petition and support for the car to be left where it is.

Or would you remove the door and replace with with another door if the stencil was done on your car door? Then display the car door inside  or find a buyer for the car door?

[Deleted]

Aug 22, 2016 19:59:18 GMT 1 Pattycakes said:

Aug 22, 2016 19:53:46 GMT 1 @elviswarhol said:

  If the auction ear bids up to the reserve price and no one else bids. Does that mean the auction ear has bought it?

no it means the reserve hasn't been met and it goes back to the vendor. 

If something has been bid up to the reserve it means it has reached the reserve price.

Do you mean an auctionner can bid an item up to just under the reserve?

[Deleted]

Aug 22, 2016 20:00:25 GMT 1 @elviswarhol said:

Aug 22, 2016 8:34:51 GMT 1 Castle Gallery NI said:

They could always try typing banksy print etc into google, not that hard to find
If i was buying or selling through auction id be using one that sells authenticated for sale banksys rather than one that supports the sale of works removed from the streets, why did you choose juliens over say sothebys/christies etc?

  Removing from the streets and selling at auction. Whats wrong with that? Where does one form of capitalism become more moral than another form?

 There is no law saying if someone paints on your property without permission that you have to leave whatever is painted on your property and cannot remove it or paint over it.

If for example you left your car in the street and Banksy stencilled a girl with a balloon or whetver on the car door. Would you decide to leave the car where it is because thats where Banksy wanted to paint it, regardless if the car accumulated parking tickets and was going to be towed away which would mean you having to create a petition and support for the car to be left where it is.

Or would you remove the door and replace with with another door if the stencil was done on your car door? Then display the car door inside  or find a buyer for the car door?

Once I had obtained a COA The car (complete) would be hanging off the wall above my fireplace

[Deleted]

Aug 22, 2016 20:01:42 GMT 1 @elviswarhol said:

Aug 22, 2016 19:59:18 GMT 1 Pattycakes said:

no it means the reserve hasn't been met and it goes back to the vendor. 

If something has been bid up to the reserve it means it has reached the reserve price.

Do you mean an auctionner can bid an item up to just under the reserve?

chandel         ier

Chandelier bids are so named because the auctioneer announcing the bids may point to the ceiling or other areas of the room rather than at actual bidders. This gives the illusion that bids are being made.

Chandelier bids are not illegal, but can be frowned upon by bidders who don’t like the idea of competing against imaginary competitors. They are most likely to be used when the seller has placed a reserve price on the item, with the auctioneer having leeway at increasing the “bid” until the reserve price is reached.



Read more: Chandelier Bid Definition | Investopedia www.investopedia.com/terms/c/chandelier-bid.asp-0#ixzz4I5erB8Yx
Follow us: Investopedia on Facebook

[sommguy]

Aug 22, 2016 8:34:51 GMT 1 Castle Gallery NI said:

Aug 22, 2016 6:49:52 GMT 1 sommguy said:

Banksy has high demand and very low availability. The auctions are a way to the art into the hands of people who cannot find it. Esp islay with a "clique" like POw and pest. Very VIP and all that BS.

I have sold a few signed prints thru juliens. Killed it. And you can negotiate on fees, if the piece in in demand.

They could always try typing banksy print etc into google, not that hard to find
If i was buying or selling through auction id be using one that sells authenticated for sale banksys rather than one that supports the sale of works removed from the streets, why did you choose juliens over say sothebys/christies etc?

The other auction houses also sold street works. They don't anymore because they cannot get a COA and therefore no insurance for the price paid. If those street pieces had COA the other auction houses would continue to sell them.

I don't agree with buying or selling stolen street pieces. But I cannot deny the reach and depth of buyers Juliens has. And you can negotiate the sellers fee.

Juliens auction house is a group a good people. Honest and fair.

Besides I first attempted to sell through other sources but wouldn't get a decent offer from anyone.

Why would I sell a print to someone for $13,000 when I can net 22,500 at auction? After all it sucks to sell the banksys. But when life throws you a curve ball and you need to pony up some dough. You have to forge market that will pay you the best.

In my situation I have much needed spinal surgery to deal with and pay for.... Otherwise I would not have sold a single print through them. I have sold 3 and about to sell the copper out of necessity, as well.

I would not normally go to an auction to get top dollar. But juliens brings in the top dollar. So naturally I need to go there. And I'm glad I did. Good people there as I said before. A family owned business in fact.

I have consistently received market and above for the banksy prints.

And when you search google and try to deal with the people, they want high prices to sell and VERY LOW prices when they buy.

Castle gallery is the only spot I know that has decent prices.

[Castle Gallery NI]

Aug 22, 2016 20:27:22 GMT 1 sommguy said:

Aug 22, 2016 8:34:51 GMT 1 Castle Gallery NI said:

They could always try typing banksy print etc into google, not that hard to find
If i was buying or selling through auction id be using one that sells authenticated for sale banksys rather than one that supports the sale of works removed from the streets, why did you choose juliens over say sothebys/christies etc?

The other auction houses also sold street works. They don't anymore because they cannot get a COA and therefore no insurance for the price paid. If those street pieces had COA the other auction houses would continue to sell them.

I don't agree with buying or selling stolen street pieces. But I cannot deny the reach and depth of buyers Juliens has. And you can negotiate the sellers fee.

Juliens auction house is a group a good people. Honest and fair.

Besides I first attempted to sell through other sources but wouldn't get a decent offer from anyone.

Why would I sell a print to someone for $13,000 when I can net 22,500 at auction? After all it sucks to sell the banksys. But when life throws you a curve ball and you need to pony up some dough. You have to forge market that will pay you the best.

In my situation I have much needed spinal surgery to deal with and pay for.... Otherwise I would not have sold a single print through them. I have sold 3 and about to sell the copper out of necessity, as well.

I would not normally go to an auction to get top dollar. But juliens brings in the top dollar. So naturally I need to go there. And I'm glad I did. Good people there as I said before. A family owned business in fact.

I have consistently received market and above for the banksy prints.

And when you search google and try to deal with the people, they want high prices to sell and VERY LOW prices when they buy.

Castle gallery is the only spot I know that has decent prices.

Sorry to hear about your back matey, hope alls well now.

[Castle Gallery NI]

Aug 22, 2016 20:00:25 GMT 1 @elviswarhol said:

Aug 22, 2016 8:34:51 GMT 1 Castle Gallery NI said:

They could always try typing banksy print etc into google, not that hard to find
If i was buying or selling through auction id be using one that sells authenticated for sale banksys rather than one that supports the sale of works removed from the streets, why did you choose juliens over say sothebys/christies etc?

  Removing from the streets and selling at auction. Whats wrong with that? Where does one form of capitalism become more moral than another form?

 There is no law saying if someone paints on your property without permission that you have to leave whatever is painted on your property and cannot remove it or paint over it.

If for example you left your car in the street and Banksy stencilled a girl with a balloon or whetver on the car door. Would you decide to leave the car where it is because thats where Banksy wanted to paint it, regardless if the car accumulated parking tickets and was going to be towed away which would mean you having to create a petition and support for the car to be left where it is.

Or would you remove the door and replace with with another door if the stencil was done on your car door? Then display the car door inside  or find a buyer for the car door?

I was talking specifically from a banksy fans viewpoint

[sommguy]

Aug 22, 2016 20:56:17 GMT 1 Castle Gallery NI said:

Aug 22, 2016 20:27:22 GMT 1 sommguy said:

The other auction houses also sold street works. They don't anymore because they cannot get a COA and therefore no insurance for the price paid. If those street pieces had COA the other auction houses would continue to sell them.

I don't agree with buying or selling stolen street pieces. But I cannot deny the reach and depth of buyers Juliens has. And you can negotiate the sellers fee.

Juliens auction house is a group a good people. Honest and fair.

Besides I first attempted to sell through other sources but wouldn't get a decent offer from anyone.

Why would I sell a print to someone for $13,000 when I can net 22,500 at auction? After all it sucks to sell the banksys. But when life throws you a curve ball and you need to pony up some dough. You have to forge market that will pay you the best.

In my situation I have much needed spinal surgery to deal with and pay for.... Otherwise I would not have sold a single print through them. I have sold 3 and about to sell the copper out of necessity, as well.

I would not normally go to an auction to get top dollar. But juliens brings in the top dollar. So naturally I need to go there. And I'm glad I did. Good people there as I said before. A family owned business in fact.

I have consistently received market and above for the banksy prints.

And when you search google and try to deal with the people, they want high prices to sell and VERY LOW prices when they buy.

Castle gallery is the only spot I know that has decent prices.

Sorry to hear about your back matey, hope alls well now.

I appreciate the sentiment and the support. Thank you. Almost out of the woods. Surgery needed and scheduled. The copper goes to the neurosurgeon. Lol. He's like 20,000 for the surgery and then there will be about 15,000 in hospital.

Screwed up thing is that I do not have health insurance that will cover this. The new insurance laws in America do not cover a pre existing condition unless I enrolled in insurance during a specific period of time.

Just one of the many screw ups in this country.

[chester]

Sale is now online!
www.forumauctions.co.uk/Banksy-Editions/12-10-2016?gridtype=listview

[Phear Loathing]

Aug 22, 2016 21:36:25 GMT 1 sommguy said:

Aug 22, 2016 20:56:17 GMT 1 Castle Gallery NI said:

Sorry to hear about your back matey, hope alls well now.

I appreciate the sentiment and the support. Thank you. Almost out of the woods. Surgery needed and scheduled. The copper goes to the neurosurgeon. Lol. He's like 20,000 for the surgery and then there will be about 15,000 in hospital.

Screwed up thing is that I do not have health insurance that will cover this. The new insurance laws in America do not cover a pre existing condition unless I enrolled in insurance during a specific period of time.

Just one of the many screw ups in this country.

Shoot me a pm. I'm a consultant in this world and may have some ideas for you rather than selling everything you own.

[singerstu]

Sept 22, 2016 14:36:17 GMT 1 chester said:

Sale is now online!
www.forumauctions.co.uk/Banksy-Editions/12-10-2016?gridtype=listview

Some of the guide prices seem a bit high but maybe the market has moved more than I thought.

Interesting that the save and delete poster has a COA, that seems rather unlikely

[offthehookbooks]

Estimates are erratic to say the least ! A thousand pounds for a five pound poster from an edition of a zillion

[chester]

The posters have been making big prices in auctions on Paddle 8 so will be interesting to see how they do here. The prices at Sotheby's today are a good indication of a bouyant market.

[chester]

I have 15 invites to give away to Forum members for our private view on the 10th of October. Please message me for details.

[Pattycakes]

This goes on view 12pm tomorrow at the Westbury Hotel in Mayfair (next door to Sotheby's on Conduit Street)

[londonboy]

Sept 30, 2016 14:39:57 GMT 1 chester said:

I have 15 invites to give away to Forum members for our private view on the 10th of October. Please message me for details.

Thank you very much for the invites
Arrived in the post today 😊

Looking forward Monday evening..

[londonboy]

Thank you very much to Chester,
Me and wifey had a lovely evening 😉

Was nice meeting some members too.

Got some catalogues to give away.
Stay tuned.. 😊