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Forum Auctions β’ Banksy Marketplace π¬π§, by Daniel Silk on Oct 14, 2022 11:21:16 GMT 1, We have seen many auction houses have Banksy only auctions in recent years, I was just wondering if it's common for auctions dedicated to just on artist? I think we have seen Warhol and Haring auctions, but has anyone done a Damien Hirst auction recently? Or Kaws?
We have seen many auction houses have Banksy only auctions in recent years, I was just wondering if it's common for auctions dedicated to just on artist? I think we have seen Warhol and Haring auctions, but has anyone done a Damien Hirst auction recently? Or Kaws?
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Forum Auctions β’ Banksy Marketplace π¬π§, by Daniel Silk on Nov 6, 2022 0:36:10 GMT 1, www.ebay.co.uk/itm/134306735744
"Banksy Editions catalogue Forum Auctions 2018. An unused catalogue from single artist sale of authenticated Prints held in London 28 November 2018. 25 lots, all illustrated, including the famous Girl with Balloon, Love Rat, Bomb Love, Donuts, Nola, Grin Reaper."
www.ebay.co.uk/itm/134306735744"Banksy Editions catalogue Forum Auctions 2018. An unused catalogue from single artist sale of authenticated Prints held in London 28 November 2018. 25 lots, all illustrated, including the famous Girl with Balloon, Love Rat, Bomb Love, Donuts, Nola, Grin Reaper."
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Today is the day of Forum Auctions big Banksy Only Auction. What pieces do you have your eye on? π |
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u%hdjfka c
Junior Member
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January 2021
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Forum Auctions β’ Banksy Marketplace π¬π§, by u%hdjfka c on Nov 7, 2022 17:31:14 GMT 1, Today is the day of Forum Auctions big Banksy Only Auction. What pieces do you have your eye on? π
Tuesday 08th November 2022 3:00pm GMT
Tuesday 08th November 2022 3:00pm GMT
Today is the day of Forum Auctions big Banksy Only Auction. What pieces do you have your eye on? π Tuesday 08th November 2022 3:00pm GMT Tuesday 08th November 2022 3:00pm GMT Tuesday 08th November 2022 3:00pm GMT |
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Deleted
π¨οΈ 0
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January 1970
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Forum Auctions β’ Banksy Marketplace π¬π§, by Deleted on Nov 9, 2022 6:45:54 GMT 1, Pretty much as expected in the current climate. I think it's time the auctions/dealers who make a living off the artist and have done very well of it over the years shoulder some responsibility in managing the market, we've done a woeful job as a collective so far, very short term view to a market that will exist forever. And that goes for the current PC, the artists 'parent/legal guardian' as well in regards to leadership and managing the artists market. Practically non existent.
Pretty much as expected in the current climate. I think it's time the auctions/dealers who make a living off the artist and have done very well of it over the years shoulder some responsibility in managing the market, we've done a woeful job as a collective so far, very short term view to a market that will exist forever. And that goes for the current PC, the artists 'parent/legal guardian' as well in regards to leadership and managing the artists market. Practically non existent.
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Wendero
New Member
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January 2021
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Forum Auctions β’ Banksy Marketplace π¬π§, by Wendero on Nov 9, 2022 8:11:05 GMT 1, Considering that thereβs to add % of buyerβs premium + arr, at current market not bad.
Considering that thereβs to add % of buyerβs premium + arr, at current market not bad. |
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Wanchope
Junior Member
π¨οΈ 1,505
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February 2020
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Forum Auctions β’ Banksy Marketplace π¬π§, by Wanchope on Nov 9, 2022 8:49:50 GMT 1, Barcode, NBG, bombing middle England and CND soldiers all disappointing in my opinion, but itβs whatβs to be expected at the moment.
Barcode, NBG, bombing middle England and CND soldiers all disappointing in my opinion, but itβs whatβs to be expected at the moment.
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Wendero
New Member
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Forum Auctions β’ Banksy Marketplace π¬π§, by Wendero on Jan 31, 2023 16:36:15 GMT 1, No Ball Games - Green hammered for 28k , what a deal for the buyer!
Not for the seller....
No Ball Games - Green hammered for 28k , what a deal for the buyer!
Not for the seller....
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Forum Auctions β’ Banksy Marketplace π¬π§, by The Italian One on Jan 31, 2023 16:40:16 GMT 1, No Ball Games - Green hammered for 28k , what a deal for the buyer! Not for the seller....
No Ball Games - Green hammered for 28k , what a deal for the buyer! Not for the seller.... I think it is plus 30% on top |
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Wendero
New Member
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Forum Auctions β’ Banksy Marketplace π¬π§, by Wendero on Jan 31, 2023 16:43:32 GMT 1, No Ball Games - Green hammered for 28k , what a deal for the buyer! Not for the seller.... I think it is plus 30% on top 
anyway, also adding the premium and the arr , it's a bargain
No Ball Games - Green hammered for 28k , what a deal for the buyer! Not for the seller.... I think it is plus 30% on top that's why i wrote ''hammered'' anyway, also adding the premium and the arr , it's a bargain |
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Ads Army
New Member
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Forum Auctions β’ Banksy Marketplace π¬π§, by Ads Army on Jan 31, 2023 17:11:39 GMT 1, Banksy market severely in decline.......
Banksy market severely in decline.......
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Forum Auctions β’ Banksy Marketplace π¬π§, by Charlie Bronson on Jan 31, 2023 17:17:28 GMT 1, Banksy market severely in decline.......
Banksy market severely in decline....... Great opportunity for all of us. |
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Daft Punk
New Member
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Forum Auctions β’ Banksy Marketplace π¬π§, by Daft Punk on Jan 31, 2023 17:35:24 GMT 1, You need to take into account the condition of these pieces.
As far as I am aware, they were not in mint condition by any stretch,
You need to take into account the condition of these pieces.
As far as I am aware, they were not in mint condition by any stretch,
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Majestic
Junior Member
π¨οΈ 1,042
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January 2016
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Forum Auctions β’ Banksy Marketplace π¬π§, by Majestic on Jan 31, 2023 18:10:18 GMT 1, You need to take into account the condition of these pieces. As far as I am aware, they were not in mint condition by any stretch,
You need to take into account the condition of these pieces. As far as I am aware, they were not in mint condition by any stretch, Exactly this. |
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bookends
New Member
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May 2022
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Forum Auctions β’ Banksy Marketplace π¬π§, by bookends on Jan 31, 2023 18:57:56 GMT 1, just like most collectables and antiques
CONDITION IS KEY !
just like most collectables and antiques
CONDITION IS KEY !
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Forum Auctions β’ Banksy Marketplace π¬π§, by Charlie Bronson on Jan 31, 2023 19:08:32 GMT 1, You need to take into account the condition of these pieces. As far as I am aware, they were not in mint condition by any stretch,
You need to take into account the condition of these pieces. As far as I am aware, they were not in mint condition by any stretch, Valid point, although during the height of the market a year or so ago, condition wasnβt an issue, to my surprise. Pieces that were not mint were getting equal amounts of money to pieces that were, at auction houses. Sounds ridiculous, but I clearly remember being shocked at the fact that it was happening, and it was discussed on this forum. Seems like that may have changed as the market has cooled down. |
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Manty
New Member
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Forum Auctions β’ Banksy Marketplace π¬π§, by Manty on Jan 31, 2023 19:30:20 GMT 1, You need to take into account the condition of these pieces. As far as I am aware, they were not in mint condition by any stretch, Valid point, although during the height of the market a year or so ago, condition wasnβt an issue, to my surprise. Pieces that were not mint were getting equal amounts of money to pieces that were, at auction houses. Sounds ridiculous, but I clearly remember being shocked at the fact that it was happening, and it was discussed on this forum. Seems like that may have changed as the market has cooled down.
i think when it was bubbled and had a lot more demand than supply people new into it had FOMO and would happily just buy the name, framed, dry mounted, creased it didn't matter as long as they had bought into the market before they were priced out.
Then supply outstripped demand over a year or so of people and auction houses cashing in
My forecast is 5 years doom and gloom getting continually colder, followed by a little sunshine, then scorchio in year 8
Shame his stuff went mad price wise, odd this arty market, i liked it much more when an unsigned was Β£1.5k and a signed at Β£3k, was a lot more fun
prints for Β£30k-Β£100k + is just mental regardless of it being from any artist
You need to take into account the condition of these pieces. As far as I am aware, they were not in mint condition by any stretch, Valid point, although during the height of the market a year or so ago, condition wasnβt an issue, to my surprise. Pieces that were not mint were getting equal amounts of money to pieces that were, at auction houses. Sounds ridiculous, but I clearly remember being shocked at the fact that it was happening, and it was discussed on this forum. Seems like that may have changed as the market has cooled down. i think when it was bubbled and had a lot more demand than supply people new into it had FOMO and would happily just buy the name, framed, dry mounted, creased it didn't matter as long as they had bought into the market before they were priced out. Then supply outstripped demand over a year or so of people and auction houses cashing in My forecast is 5 years doom and gloom getting continually colder, followed by a little sunshine, then scorchio in year 8 Shame his stuff went mad price wise, odd this arty market, i liked it much more when an unsigned was Β£1.5k and a signed at Β£3k, was a lot more fun prints for Β£30k-Β£100k + is just mental regardless of it being from any artist |
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Forum Auctions β’ Banksy Marketplace π¬π§, by Charlie Bronson on Jan 31, 2023 19:34:39 GMT 1, Valid point, although during the height of the market a year or so ago, condition wasnβt an issue, to my surprise. Pieces that were not mint were getting equal amounts of money to pieces that were, at auction houses. Sounds ridiculous, but I clearly remember being shocked at the fact that it was happening, and it was discussed on this forum. Seems like that may have changed as the market has cooled down. i think when it was bubbled and had a lot more demand than supply people new into it had FOMO and would happily just buy the name, framed, dry mounted, creased it didn't matter as long as they had bought into the market before they were priced out. Then supply outstripped demand over a year or so of people and auction houses cashing in My forecast is 5 years doom and gloom getting continually colder, followed by a little sunshine, then scorchio in year 8
Valid point, although during the height of the market a year or so ago, condition wasnβt an issue, to my surprise. Pieces that were not mint were getting equal amounts of money to pieces that were, at auction houses. Sounds ridiculous, but I clearly remember being shocked at the fact that it was happening, and it was discussed on this forum. Seems like that may have changed as the market has cooled down. i think when it was bubbled and had a lot more demand than supply people new into it had FOMO and would happily just buy the name, framed, dry mounted, creased it didn't matter as long as they had bought into the market before they were priced out. Then supply outstripped demand over a year or so of people and auction houses cashing in My forecast is 5 years doom and gloom getting continually colder, followed by a little sunshine, then scorchio in year 8 I think your forecast for the market may be spot on. |
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JFCC
New Member
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May 2020
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Forum Auctions β’ Banksy Marketplace π¬π§, by JFCC on Jan 31, 2023 19:35:38 GMT 1, The Forum Auction today clearly had a desperate seller or two realising their "investment" as some of the prices accepted made no sense at all as they were, in many cases, below bottom of the range. I am led to believe that this was due to there being virtually no bidders.
In my opinion no sensible seller in this market would sell at these prices or using this auction house unless they were desperate as Forum are rumoured to do deals on sellers premium (0%) and allegedly sharing some of the buyers premium. If you have a Β£50k-250k print get it to Sotheby's, Christies or Phillips as they have the pull.
The real shocks for me were NBG, Christ with Shopping bags and Choose Your Weapon (pink). The others sold items were low but not shockingly so, representing more a function of no bid competition.
Of the 3 noted above there has been a very poor conditioned Christ With Shopping Bags and CYW floating round the market but even so CWSB which peaked at Β£160k and CYW well over Β£200k at Β£74k and Β£94k respectively they are bargains. Well done to the buyers. I would though be interested if anybody has inspected them or got the condition reports, which in fairness to Forum are usually very accurate and reliable.
As a reminder to get what the buyer pays, it's the hammer price plus an average of 34.5% to cover ARR, buyers premium and VAT on buyers premium.
Crazy days indeed...add Forum to Bonhams on the list of places to buy Banksy...but don't tell anyone!!
The Forum Auction today clearly had a desperate seller or two realising their "investment" as some of the prices accepted made no sense at all as they were, in many cases, below bottom of the range. I am led to believe that this was due to there being virtually no bidders.
In my opinion no sensible seller in this market would sell at these prices or using this auction house unless they were desperate as Forum are rumoured to do deals on sellers premium (0%) and allegedly sharing some of the buyers premium. If you have a Β£50k-250k print get it to Sotheby's, Christies or Phillips as they have the pull.
The real shocks for me were NBG, Christ with Shopping bags and Choose Your Weapon (pink). The others sold items were low but not shockingly so, representing more a function of no bid competition.
Of the 3 noted above there has been a very poor conditioned Christ With Shopping Bags and CYW floating round the market but even so CWSB which peaked at Β£160k and CYW well over Β£200k at Β£74k and Β£94k respectively they are bargains. Well done to the buyers. I would though be interested if anybody has inspected them or got the condition reports, which in fairness to Forum are usually very accurate and reliable.
As a reminder to get what the buyer pays, it's the hammer price plus an average of 34.5% to cover ARR, buyers premium and VAT on buyers premium.
Crazy days indeed...add Forum to Bonhams on the list of places to buy Banksy...but don't tell anyone!!
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Forum Auctions β’ Banksy Marketplace π¬π§, by Charlie Bronson on Jan 31, 2023 19:41:58 GMT 1, The Forum Auction today clearly had a desperate seller or two realising their "investment" as some of the prices accepted made no sense at all as they were, in many cases, below bottom of the range. I am led to believe that this was due to there being virtually no bidders. In my opinion no sensible seller in this market would sell at these prices or using this auction house unless they were desperate as Forum are rumoured to do deals on sellers premium (0%) and allegedly sharing some of the buyers premium. If you have a Β£50k-250k print get it to Sotheby's, Christies or Phillips as they have the pull. The real shocks for me were NBG, Christ with Shopping bags and Choose Your Weapon (pink). The others sold items were low but not shockingly so, representing more a function of no bid competition. Of the 3 noted above there has been a very poor conditioned Christ With Shopping Bags and CYW floating round the market but even so CWSB which peaked at Β£160k and CYW well over Β£200k at Β£74k and Β£94k respectively they are bargains. Well done to the buyers. I would though be interested if anybody has inspected them or got the condition reports, which in fairness to Forum are usually very accurate and reliable. As a reminder to get what the buyer pays, it's the hammer price plus an average of 34.5% to cover ARR, buyers premium and VAT on buyers premium. Crazy days indeed...add Forum to Bonhams on the list of places to buy Banksy...but don't tell anyone!!
The Forum Auction today clearly had a desperate seller or two realising their "investment" as some of the prices accepted made no sense at all as they were, in many cases, below bottom of the range. I am led to believe that this was due to there being virtually no bidders. In my opinion no sensible seller in this market would sell at these prices or using this auction house unless they were desperate as Forum are rumoured to do deals on sellers premium (0%) and allegedly sharing some of the buyers premium. If you have a Β£50k-250k print get it to Sotheby's, Christies or Phillips as they have the pull. The real shocks for me were NBG, Christ with Shopping bags and Choose Your Weapon (pink). The others sold items were low but not shockingly so, representing more a function of no bid competition. Of the 3 noted above there has been a very poor conditioned Christ With Shopping Bags and CYW floating round the market but even so CWSB which peaked at Β£160k and CYW well over Β£200k at Β£74k and Β£94k respectively they are bargains. Well done to the buyers. I would though be interested if anybody has inspected them or got the condition reports, which in fairness to Forum are usually very accurate and reliable. As a reminder to get what the buyer pays, it's the hammer price plus an average of 34.5% to cover ARR, buyers premium and VAT on buyers premium. Crazy days indeed...add Forum to Bonhams on the list of places to buy Banksy...but don't tell anyone!! Great analysisππ» |
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JFCC
New Member
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May 2020
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Forum Auctions β’ Banksy Marketplace π¬π§, by JFCC on Jan 31, 2023 19:50:56 GMT 1, Sadly many of us have been round this block before so there's nothing knew here.
The economic and investment world (and the consumer world for that matter) does not work in such long cycles, so 5 - 8 years of gloom is fairly unlikely.
More normal is a 3 year trough which is what we are in. This trough usually sees a gradual decline, a serious decline and then a slowed decline or period of neutrality. My guess is we are in the middle/peak of the trough period as supplies are drying up (as crisis sellers have already exited the market) and there are now very few buyers as cash flow is tight for speculative investment and uncertainty is at its peak.
The uptick will start in 2024 in my opinion and subject to macro factors not worsening (wars not strikes) the global art market will gain momentum with positive increases leading to a bull market in 2025/26 as we have had before.
If you want to check this theory, map price increases on leading artists over the past 25 years or so and its pretty well as described. With Banksy it follows the same pattern it is just more pronounced due to shortage of supply and mass popularity and affrodabilty.
Sadly many of us have been round this block before so there's nothing knew here.
The economic and investment world (and the consumer world for that matter) does not work in such long cycles, so 5 - 8 years of gloom is fairly unlikely.
More normal is a 3 year trough which is what we are in. This trough usually sees a gradual decline, a serious decline and then a slowed decline or period of neutrality. My guess is we are in the middle/peak of the trough period as supplies are drying up (as crisis sellers have already exited the market) and there are now very few buyers as cash flow is tight for speculative investment and uncertainty is at its peak.
The uptick will start in 2024 in my opinion and subject to macro factors not worsening (wars not strikes) the global art market will gain momentum with positive increases leading to a bull market in 2025/26 as we have had before.
If you want to check this theory, map price increases on leading artists over the past 25 years or so and its pretty well as described. With Banksy it follows the same pattern it is just more pronounced due to shortage of supply and mass popularity and affrodabilty.
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JFCC
New Member
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May 2020
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Forum Auctions β’ Banksy Marketplace π¬π§, by JFCC on Jan 31, 2023 19:53:39 GMT 1, The whole Art Market and all investment markets are in decline...but for the brave a huge opportunity!
The whole Art Market and all investment markets are in decline...but for the brave a huge opportunity!
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JFCC
New Member
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May 2020
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Forum Auctions β’ Banksy Marketplace π¬π§, by JFCC on Jan 31, 2023 19:55:01 GMT 1, You need to take into account the condition of these pieces. As far as I am aware, they were not in mint condition by any stretch,
You need to take into account the condition of these pieces. As far as I am aware, they were not in mint condition by any stretch, Did you actually view them or get the condition reports, if so what condition was NBG, CYWSB and CYW please? |
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JFCC
New Member
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May 2020
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Forum Auctions β’ Banksy Marketplace π¬π§, by JFCC on Jan 31, 2023 20:03:06 GMT 1, You need to take into account the condition of these pieces. As far as I am aware, they were not in mint condition by any stretch, Valid point, although during the height of the market a year or so ago, condition wasnβt an issue, to my surprise. Pieces that were not mint were getting equal amounts of money to pieces that were, at auction houses. Sounds ridiculous, but I clearly remember being shocked at the fact that it was happening, and it was discussed on this forum. Seems like that may have changed as the market has cooled down.
But that said if you look at sales of Warhol, Miro, Dali and Picasso the condition is important but not critical, as the pieces have been through many hands and buyers accept imperfections (within reason) and this is how it should be. Every print cannot be expected to be perfect it's just that Banksy's work is more current day so we are being perhaps a bit over sensitive of condition!
You need to take into account the condition of these pieces. As far as I am aware, they were not in mint condition by any stretch, Valid point, although during the height of the market a year or so ago, condition wasnβt an issue, to my surprise. Pieces that were not mint were getting equal amounts of money to pieces that were, at auction houses. Sounds ridiculous, but I clearly remember being shocked at the fact that it was happening, and it was discussed on this forum. Seems like that may have changed as the market has cooled down. Yes the market bubbled due to COVID actually putting more money in the economy (combination of less outgoings and COVID loans etc) and so in to "investors" pockets. A mini bubble was created in the Art, Car and watch and jewellery markets in particular and so people were buying without a full understanding of what they were buying especially with regards to condition. Some shockers were sold!!! But that said if you look at sales of Warhol, Miro, Dali and Picasso the condition is important but not critical, as the pieces have been through many hands and buyers accept imperfections (within reason) and this is how it should be. Every print cannot be expected to be perfect it's just that Banksy's work is more current day so we are being perhaps a bit over sensitive of condition! |
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Gunny
Junior Member
π¨οΈ 1,605
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July 2012
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Forum Auctions β’ Banksy Marketplace π¬π§, by Gunny on Jan 31, 2023 22:20:53 GMT 1, Overall the condition of the prints wasn't that good, bar a couple. Pink CYW wasn't good, the NBG had pin holes that were repaired for example. One of the exceptions was the CWSB which was very good.
Overall the condition of the prints wasn't that good, bar a couple. Pink CYW wasn't good, the NBG had pin holes that were repaired for example. One of the exceptions was the CWSB which was very good.
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