Are we in an Art Market Bubble?

[lollo88]

Almost one year after: how is the bubble looking now?

[orchid]

Sept 13, 2023 8:54:09 GMT 1 lollo88 said:

Almost one year after: how is the bubble looking now?

There is a correction happening, I think the ultra contemporary speculation bubble has started to burst for certain artist, but overall there's a slight softening due to external factors. The November New York auctions will be a good barometer.

[topper]

Agree with this. A correction is occurring, as happens when any market gets bloated. Some of those purchases we all made start to look 'questionable'.

However contemporary and street art (certain artists in particular) have become ingrained in our culture and are already pat of our history. This year I was in a remote taverna in Greece and the local girl that worked there had a GWB tattoo.

Your Banksy's and Hirsts are safe. Others, not so much.

[nobokov]

Oct 30, 2023 11:42:42 GMT 1 topper said:

Agree with this. A correction is occurring, as happens when any market gets bloated. Some of those purchases we all made start to look 'questionable'.

However contemporary and street art (certain artists in particular) have become ingrained in our culture and are already pat of our history. This year I was in a remote taverna in Greece and the local girl that worked there had a GWB tattoo.

Your Banksy's and Hirsts are safe. Others, not so much.

Banksy's stuff is getting passed at auction after auction. He's not blue chip unfortunately for many on here. The only safe one is Girl with balloon.

[The Italian One]

Oct 30, 2023 15:36:08 GMT 1 nobokov said:

Oct 30, 2023 11:42:42 GMT 1 topper said:

Agree with this. A correction is occurring, as happens when any market gets bloated. Some of those purchases we all made start to look 'questionable'.

However contemporary and street art (certain artists in particular) have become ingrained in our culture and are already pat of our history. This year I was in a remote taverna in Greece and the local girl that worked there had a GWB tattoo.

Your Banksy's and Hirsts are safe. Others, not so much.

Banksy's stuff is getting passed at auction after auction. He's not blue chip unfortunately for many on here. The only safe one is Girl with balloon.

im not worried about banksy, soon or later he will recover well.

Hirst is different, too many editions not sure if editions will hold well

[Georgie Poppit]

Banksy will recover at some point but it could be 10+ years if you’re happy to wait.

[orchid]

People move to relatively more safe havens of Picasso, Warhol, Hockney etc

[Display_arts]

Look how old the threat is and it comes alive again and again. The art market has ups and downs and currently everything everywhere is more likely to go down. It doesn´t matter to the pieces you buy because you like and gives you opportunity to buy other things you liked but couldnt afford but now get a nice discout. It will surely go up again

[topper]

Oct 30, 2023 15:36:08 GMT 1 nobokov said:

Oct 30, 2023 11:42:42 GMT 1 topper said:

Agree with this. A correction is occurring, as happens when any market gets bloated. Some of those purchases we all made start to look 'questionable'.

However contemporary and street art (certain artists in particular) have become ingrained in our culture and are already pat of our history. This year I was in a remote taverna in Greece and the local girl that worked there had a GWB tattoo.

Your Banksy's and Hirsts are safe. Others, not so much.

Banksy's stuff is getting passed at auction after auction. He's not blue chip unfortunately for many on here. The only safe one is Girl with balloon.

His work may get passed at auction. But it can be at x100 it's release price.

People came from all over the world to his latest exhibition. Newspapers sell endless copies, just from an advertisement. These pages go nuts just at a set of stamps.

He's as blue chip as any living artist IMO.

[Winter]

I'd say blue chip when it comes to unique originals. That's what major collectors want.

[Jeezuz Jones Snr]

So many sales threads on this forum of late, I think people are realising it's continuing to fall and are cutting their loses. I saw the other week an original by an artist I have liked for years,.selling for £4k. It would have been 8 or 9k from the gallery show.

As I have said previously (few years ago on this thread), I believe Banksy will rebound as he always does due to supply and demand and the fact he has (although it's fecking painful!) Pest control in place to control the fakes and authenticity..

[ozmataz]

Anyone read this article about auction market dropping quickly?

www.theartnewspaper.com/2023/07/13/could-we-be-on-the-verge-of-another-art-market-crash

[Blue]

Dec 8, 2023 13:05:40 GMT 1 ozmataz said:

Anyone read this article about auction market dropping quickly?

www.theartnewspaper.com/2023/07/13/could-we-be-on-the-verge-of-another-art-market-crash

Yeah read it a couple of months ago. The market is undoubtably having a rather dramatic correction, especially after the lofty cash flowing highs during the pandemic.

My question is; are we looking at a sharp and short kick to the nutsack with a quick recovery like in 2008, or a long grinding and protracted recovery like after the 1990 crash? 

[Jules Leotard]

Dec 8, 2023 14:00:41 GMT 1 Blue said:

Dec 8, 2023 13:05:40 GMT 1 ozmataz said:

Anyone read this article about auction market dropping quickly?

www.theartnewspaper.com/2023/07/13/could-we-be-on-the-verge-of-another-art-market-crash

Yeah read it a couple of months ago. The market is undoubtably having a rather dramatic correction, especially after the lofty cash flowing highs during the pandemic.

My question is; are we looking at a sharp and short kick to the nutsack with a quick recovery like in 2008, or a long grinding and protracted recovery like after the 1990 crash? 

Long-protracted grind like few or none that has been seen before in my low and humble opinion.  You see how much of a hit the art market has taken in the last year (plus a bit)?  Realize that western stock markets are all within a hair of their all-time highs, real estate and most 'real' property asset classes (gold, silver, etc.) haven't given up any ground, silly bitcoin has been on a six-month tear, and so on and so forth.  There is money out there, but anyone (with any common sense) can feel that there is a storm on the horizon.  Add to that we are cusping on a seismic generational transfer of wealth (as the baby boomers exit) while the prices of most everyday items have gone through the historical roof.  Guess who actually 'owns' their stuff (houses without debt, collectibles, cars, art, precious metals, etc - the baby boomers)? 

Example (with no data to back it up):  The Baby Boom generation owns 75% of all classic cars.  When a car that usually has 20-30 nice examples go on the market annually suddenly starts seeing 100 - 200 (or more) start to show up for sale each year, the value will plummet.  This scenario should work its way through pretty much every asset class. 

Another bit of panic is caused by real estate prices.  A millennial that came out of school and landed a decent job might have been dropping cash on art for their apartment and suddenly they are realizing, I don't want to be in an apartment forever, so they have dropped their habit/ hobby of rushing into art purchases. That museum-framed Banksy isn't going to keep the rain off your head (and completely forget about the second-tier artists who are printing a giclee off of the HP and signing them). Consumer debt is also at a historical high.  There will be a point where people run out of money they can access (I guess they could pick up a third or fourth job OR they could get smart and stop spending money).

My .03

I think the equity markets will trend down in about 7-10 days and after Christmas/ New Year, companies will start issuing earning warnings in early to mid-January, earnings will be below expectations, and they will continue to slowly talk the market down going toward the spring/summer.  The only bit that goes against this in my head is that they usually don't let the US markets falter all that much going into an election year. 

[J0NNY]

Dec 9, 2023 6:31:52 GMT 1 Jules Leotard said:

Dec 8, 2023 14:00:41 GMT 1 Blue said:

Yeah read it a couple of months ago. The market is undoubtably having a rather dramatic correction, especially after the lofty cash flowing highs during the pandemic.

My question is; are we looking at a sharp and short kick to the nutsack with a quick recovery like in 2008, or a long grinding and protracted recovery like after the 1990 crash? 

Long-protracted grind like few or none that has been seen before in my low and humble opinion.  You see how much of a hit the art market has taken in the last year (plus a bit)?  Realize that western stock markets are all within a hair of their all-time highs, real estate and most 'real' property asset classes (gold, silver, etc.) haven't given up any ground, silly bitcoin has been on a six-month tear, and so on and so forth.  There is money out there, but anyone (with any common sense) can feel that there is a storm on the horizon.  Add to that we are cusping on a seismic generational transfer of wealth (as the baby boomers exit) while the prices of most everyday items have gone through the historical roof.  Guess who actually 'owns' their stuff (houses without debt, collectibles, cars, art, precious metals, etc - the baby boomers)? 

Example (with no data to back it up):  The Baby Boom generation owns 75% of all classic cars.  When a car that usually has 20-30 nice examples go on the market annually suddenly starts seeing 100 - 200 (or more) start to show up for sale each year, the value will plummet.  This scenario should work its way through pretty much every asset class. 

Another bit of panic is caused by real estate prices.  A millennial that came out of school and landed a decent job might have been dropping cash on art for their apartment and suddenly they are realizing, I don't want to be in an apartment forever, so they have dropped their habit/ hobby of rushing into art purchases. That museum-framed Banksy isn't going to keep the rain off your head (and completely forget about the second-tier artists who are printing a giclee off of the HP and signing them). Consumer debt is also at a historical high.  There will be a point where people run out of money they can access (I guess they could pick up a third or fourth job OR they could get smart and stop spending money).

My .03

I think the equity markets will trend down in about 7-10 days and after Christmas/ New Year, companies will start issuing earning warnings in early to mid-January, earnings will be below expectations, and they will continue to slowly talk the market down going toward the spring/summer.  The only bit that goes against this in my head is that they usually don't let the US markets falter all that much going into an election year. 

Of course the art market is going to crash as it went way higher than it ever should, due in part of the increasing popularity of art in the younger generation, but mainly because of the absolute money laundering scramble of the crypto and NFT markets of the last few years allowed people to create an artificial market by using these gains and buying into physical items at values way higher than they were worth. As soon as the tax man in most countries tightened the belt, the value dipped hard on the crypto/Nft train.
The sneaker market and The art market was the first to take the big hits & I do think Watches will be the next to feel the pain, will be nice to be able to buy a decent watch at retail again, it should put a few of the salespeople back down into reality.
I do not think the world’s going to end financially though. Maybe if you went out and hyperextended yourself with a huge mortgage and a new car on tick you should be a little worried, but otherwise it might not be a lavish few years although  I don’t think it’s going to be hugely devastating.

[Jules Leotard]

Dec 9, 2023 8:03:50 GMT 1 J0NNY said:

Dec 9, 2023 6:31:52 GMT 1 Jules Leotard said:

The sneaker market and The art market was the first to take the big hits & I do think Watches will be the next to feel the pain, will be nice to be able to buy a decent watch at retail again, it should put a few of the salespeople back down into reality.
I do not think the world’s going to end financially though. Maybe if you went out and hyperextended yourself with a huge mortgage and a new car on tick you should be a little worried, but otherwise it might not be a lavish few years although  I don’t think it’s going to be hugely devastating.

These two bits...bringing prices back to reality and lack of devastation.  I agree with both, but there is the sharp end of the blade on the second part for some.  You're here on this forum and 'collect'.  This means that you have surplus income or reserves.  The markets 'shake-up' for the positively-positioned will provide opportunities, but for the less well-healed and the over-extended, there will be some level of devastation. 

[LJCal]

Sorry but at this point I don't think anyone can reliably predict where markets will be in 12 months time, too many variables. You can give fantastic rational, analyse data and trends until the cows come home and still be completely wrong. For me the decline in the art market is primarily down to fiscal tightening through a decrease in money supply and rising interest rates, a reversal of this will of course change the outlook for most markets.


The markets are betting on lower interest rates and falling in inflation albeit a fairly modest fall over the next 12 months, with rates at around 4.5% by end of 24, read into that what you will, but....... as per my initial statement most predictions end up being wrong. If I had to bet I'd say very modest growth by end of 24, probably will continue to fall first half and start recovery 2nd half, obviously with some artists under/over performing.

[orchid]

The recent new york auctions showed a softening that's been felt, but not as deep as a few months ago, certainly no crash and I don't think the bottom will fall out the market. Plenty of people buying at the top end with auctions being broken especially younger artists.

[jenny gagosian]

The best time to buy art is when you find something you just have to have, cos it excites you, makes you wet, you want to see it every day and it makes you happy

[Cardiff]

Flying out of Miami after a full day of Basel yesterday and the vibe there was BUY…nearly every gallery we visited with was having an “incredible” fair. Not suggesting this is indicative of the broader economy, but the sense I got was that the high end primary market for art is still moving at a strong clip.

[Jeezuz Jones Snr]

Good aternoon guys,

I did start a thread on current market, but it has disappeared or been deleted?? Anyway I was thinking that obviously on here we have threads on Banksy auctions and discuss the continuing falling prices. Is it right to say majority of artists have dropped the same percentages?

I have seen a few nice originals half the price and have been tempted by an artist I liked for years and have been tempted. Also say for instance popular artists on here like pejac, invader and stik (all prints I would like to add 😉) are we saying their prints are down 30-50% also and falling like banksy?

What's people's thoughts and where are we heading considering economies are in a shit state currently?

Thanks

[Jules Leotard]

Mar 22, 2024 5:03:14 GMT 1 Jeezuz Jones Snr said:

Good aternoon guys,

I did start a thread on current market, but it has disappeared or been deleted?? Anyway I was thinking that obviously on here we have threads on Banksy auctions and discuss the continuing falling prices. Is it right to say majority of artists have dropped the same percentages?

I have seen a few nice originals half the price and have been tempted by an artist I liked for years and have been tempted. Also say for instance popular artists on here like pejac, invader and stik (all prints I would like to add 😉) are we saying their prints are down 30-50% also and falling like banksy?

What's people's thoughts and where are we heading considering economies are in a shit state currently?

Thanks

Humble opinion.  We are in a bubble of everything.  I wouldn't buy art right now, but if I could afford it, I also wouldn't sell it.  Strange times.  Any correction to broader markets is being held up/ delayed by the U.S. elections and in this particular instance, THEY ARE IMPORTANT. After that, the game will be on and all things need to be reconciled.  Let's call the period from now until November 'the fragile peace.' If you have some money to park somewhere for the time being, skip the art, and buy silver (the metal).  It's undervalued compared to gold.  Most currencies (to park cash in) are not so good. 

[Jeezuz Jones Snr]

Mar 22, 2024 7:49:26 GMT 1 Jules Leotard said:

Mar 22, 2024 5:03:14 GMT 1 Jeezuz Jones Snr said:

Good aternoon guys,

I did start a thread on current market, but it has disappeared or been deleted?? Anyway I was thinking that obviously on here we have threads on Banksy auctions and discuss the continuing falling prices. Is it right to say majority of artists have dropped the same percentages?

I have seen a few nice originals half the price and have been tempted by an artist I liked for years and have been tempted. Also say for instance popular artists on here like pejac, invader and stik (all prints I would like to add 😉) are we saying their prints are down 30-50% also and falling like banksy?

What's people's thoughts and where are we heading considering economies are in a shit state currently?

Thanks

Humble opinion.  We are in a bubble of everything.  I wouldn't buy art right now, but if I could afford it, I also wouldn't sell it.  Strange times.  Any correction to broader markets is being held up/ delayed by the U.S. elections and in this particular instance, THEY ARE IMPORTANT. After that, the game will be on and all things need to be reconciled.  Let's call the period from now until November 'the fragile peace.' If you have some money to park somewhere for the time being, skip the art, and buy silver (the metal).  It's undervalued compared to gold.  Most currencies (to park cash in) are not so good. 

Yes I agree,  it is going to be a strange year. Looking from the outside towards the US. The Country looks in a mess right now, looks far from a world leader and needs to focus on its people and economy. What ever happens in the US usually has a massive knock on effect around the world. UK, Japan and Germany in recession..Here in Australia it's only huge immigration numbers are hiding that we don't go into recession. 

We'll see how it all pans out, but yes I haven't bought anything for a while and will start to make a list of artists I like and their pricing going forward to try to keep track with the direction of prices 👍. At least in these times if you sell a piece at low price you should be able to pick up another piece at a low price so it evens out. 

[shoottheglass]

May 22, 2024 1:36:46 GMT 1 thrash822 said:

Just picking up on this thread as for the last year I have found in my personal experiences the art collectible market is night and day different from how things were just 3-4 years ago. I wanted to see if others were talking about this subject which is how I found this thread. I know a lot about art but very little about the art market as I am a relatively young adult and not buying/selling art for a living, so am not sure how my experiences relate to others and more importantly, what to do about it.

To be more specific, I am talking about having collected "big names" in the urban art print + collectibles niche, and if I had "flipped" them a couple years ago or even immediately after release when there was a buzz and higher demand than the editions allowed, I could have seen decent profits, but instead I held everything because I bought it to enjoy, not to flip, and without the intentions of selling them, now only to have life circumstances and finances hit me so hard during covid that I am still trying to recover. Selling this collection could be my ticket to getting back on my feet, but instead I am finding very few buyers and the ones who are interested are only interested at well below value, often to the point of insult. A specific example would be an in-person print release edition of 50 from 2011 that was extremely hot upon release and has not really come on the market since and after being put up for sale for a year received minimal offers and the offers it did get were actually less than the price on release. And this / these are all well known artists who still continue to sell out their editions today and show their work in galleries and museums currently.

And so it's left me with no other option but to believe I've chosen the most inopportune time to try and sell these items, which I think from the sentiments I've described above and seen from the previous posts, many would agree with. That train of thought then presents two paths for me, one where I hold onto as much as possible for 6 months to a year and then try again, risking of course that things don't continue to get worse, or even more tragically what could happen is the demand never returns for many of these artists, which I believe could be possible - taking Damien Hirst for example, who has released so many editions almost an endless amount, so how many potential buyers does that really leave in the future for older releases, especially when more and more time has passed, and if they can just wait for the next new release and have an opportunity to buy it, perhaps the potential buyers would prefer that route than paying more for a previous release. That's how I've always felt, except for rare circumstances. So I am leaning towards a compromised approach where I see what I can sell now at a low price that helps me a little financially - anything that I can live with letting go without really any profit, at least maybe get my money back - and then try to keep the stuff from artists I believe have the best shot in the future (ie. Banksy) as well as of course art I just have to keep because I love it and selling it off for breadcrumbs would only serve to hurt me the most.

Well, these are my current thoughts and feelings as it relates to the art market, and more specifically to my own recent experiences. Would love to hear any advice or remarks! Sorry for the essay!

What utter drivel. 
My advice would be to learn how to write. You boring bastard!

[nobokov]

May 22, 2024 2:37:58 GMT 1 shoottheglass said:

May 22, 2024 1:36:46 GMT 1 thrash822 said:

Just picking up on this thread as for the last year I have found in my personal experiences the art collectible market is night and day different from how things were just 3-4 years ago. I wanted to see if others were talking about this subject which is how I found this thread. I know a lot about art but very little about the art market as I am a relatively young adult and not buying/selling art for a living, so am not sure how my experiences relate to others and more importantly, what to do about it.

To be more specific, I am talking about having collected "big names" in the urban art print + collectibles niche, and if I had "flipped" them a couple years ago or even immediately after release when there was a buzz and higher demand than the editions allowed, I could have seen decent profits, but instead I held everything because I bought it to enjoy, not to flip, and without the intentions of selling them, now only to have life circumstances and finances hit me so hard during covid that I am still trying to recover. Selling this collection could be my ticket to getting back on my feet, but instead I am finding very few buyers and the ones who are interested are only interested at well below value, often to the point of insult. A specific example would be an in-person print release edition of 50 from 2011 that was extremely hot upon release and has not really come on the market since and after being put up for sale for a year received minimal offers and the offers it did get were actually less than the price on release. And this / these are all well known artists who still continue to sell out their editions today and show their work in galleries and museums currently.

And so it's left me with no other option but to believe I've chosen the most inopportune time to try and sell these items, which I think from the sentiments I've described above and seen from the previous posts, many would agree with. That train of thought then presents two paths for me, one where I hold onto as much as possible for 6 months to a year and then try again, risking of course that things don't continue to get worse, or even more tragically what could happen is the demand never returns for many of these artists, which I believe could be possible - taking Damien Hirst for example, who has released so many editions almost an endless amount, so how many potential buyers does that really leave in the future for older releases, especially when more and more time has passed, and if they can just wait for the next new release and have an opportunity to buy it, perhaps the potential buyers would prefer that route than paying more for a previous release. That's how I've always felt, except for rare circumstances. So I am leaning towards a compromised approach where I see what I can sell now at a low price that helps me a little financially - anything that I can live with letting go without really any profit, at least maybe get my money back - and then try to keep the stuff from artists I believe have the best shot in the future (ie. Banksy) as well as of course art I just have to keep because I love it and selling it off for breadcrumbs would only serve to hurt me the most.

Well, these are my current thoughts and feelings as it relates to the art market, and more specifically to my own recent experiences. Would love to hear any advice or remarks! Sorry for the essay!

Not sure why you deleted your post. Just keep trying and sell what you can before everyone realizes that the art market is a big scam.  Most have already figured it out and the one's who are buying either really love art or still believe in a comeback.  And some are still holding onto those beanie babies and tulips waiting for the mania to return. Art is not easy to sell unless there's a mania. Art is inherently worthless.

At the major auction houses, much of the artwork is now selling below their primary prices. Meaning that primary prices are overblown. People chasing hot artists are getting ripped off because of fomo and they'll never be able to profit unless they can find a bigger sucker. Good luck and hope you find some buyers out there.

[loui]

May 22, 2024 2:37:58 GMT 1 shoottheglass said:

May 22, 2024 1:36:46 GMT 1 thrash822 said:

Just picking up on this thread as for the last year I have found in my personal experiences the art collectible market is night and day different from how things were just 3-4 years ago. I wanted to see if others were talking about this subject which is how I found this thread. I know a lot about art but very little about the art market as I am a relatively young adult and not buying/selling art for a living, so am not sure how my experiences relate to others and more importantly, what to do about it.

To be more specific, I am talking about having collected "big names" in the urban art print + collectibles niche, and if I had "flipped" them a couple years ago or even immediately after release when there was a buzz and higher demand than the editions allowed, I could have seen decent profits, but instead I held everything because I bought it to enjoy, not to flip, and without the intentions of selling them, now only to have life circumstances and finances hit me so hard during covid that I am still trying to recover. Selling this collection could be my ticket to getting back on my feet, but instead I am finding very few buyers and the ones who are interested are only interested at well below value, often to the point of insult. A specific example would be an in-person print release edition of 50 from 2011 that was extremely hot upon release and has not really come on the market since and after being put up for sale for a year received minimal offers and the offers it did get were actually less than the price on release. And this / these are all well known artists who still continue to sell out their editions today and show their work in galleries and museums currently.

And so it's left me with no other option but to believe I've chosen the most inopportune time to try and sell these items, which I think from the sentiments I've described above and seen from the previous posts, many would agree with. That train of thought then presents two paths for me, one where I hold onto as much as possible for 6 months to a year and then try again, risking of course that things don't continue to get worse, or even more tragically what could happen is the demand never returns for many of these artists, which I believe could be possible - taking Damien Hirst for example, who has released so many editions almost an endless amount, so how many potential buyers does that really leave in the future for older releases, especially when more and more time has passed, and if they can just wait for the next new release and have an opportunity to buy it, perhaps the potential buyers would prefer that route than paying more for a previous release. That's how I've always felt, except for rare circumstances. So I am leaning towards a compromised approach where I see what I can sell now at a low price that helps me a little financially - anything that I can live with letting go without really any profit, at least maybe get my money back - and then try to keep the stuff from artists I believe have the best shot in the future (ie. Banksy) as well as of course art I just have to keep because I love it and selling it off for breadcrumbs would only serve to hurt me the most.

Well, these are my current thoughts and feelings as it relates to the art market, and more specifically to my own recent experiences. Would love to hear any advice or remarks! Sorry for the essay!

What utter drivel. 
My advice would be to learn how to write. You boring bastard!

you are such a tart shoottheglass. He writes a lot better then you and is a lot more polite as well. You are the boring bastard here man. Go away.

[lukas01]

Mar 22, 2024 7:49:26 GMT 1 Jules Leotard said:

Mar 22, 2024 5:03:14 GMT 1 Jeezuz Jones Snr said:

Good aternoon guys,

I did start a thread on current market, but it has disappeared or been deleted?? Anyway I was thinking that obviously on here we have threads on Banksy auctions and discuss the continuing falling prices. Is it right to say majority of artists have dropped the same percentages?

I have seen a few nice originals half the price and have been tempted by an artist I liked for years and have been tempted. Also say for instance popular artists on here like pejac, invader and stik (all prints I would like to add 😉) are we saying their prints are down 30-50% also and falling like banksy?

What's people's thoughts and where are we heading considering economies are in a shit state currently?

Thanks

Humble opinion.  We are in a bubble of everything.  I wouldn't buy art right now, but if I could afford it, I also wouldn't sell it.  Strange times.  Any correction to broader markets is being held up/ delayed by the U.S. elections and in this particular instance, THEY ARE IMPORTANT. After that, the game will be on and all things need to be reconciled.  Let's call the period from now until November 'the fragile peace.' If you have some money to park somewhere for the time being, skip the art, and buy silver (the metal).  It's undervalued compared to gold.  Most currencies (to park cash in) are not so good. 

Hello!
I think you said the best thing and gave the best advice ever.
Silver is undervalued. In the coming period and future, it will have a soaring demand. This will be due to the increasing demand for the metal industrially and for use in technology. How many kilos should they buy? This point becomes interesting, in my opinion. According to several industry analysts, even a few hundred grams could yield the best in the future. From this statement only one vision can be deduced, namely that the more people buy now, the better it will be for their future.
If the value per ounce reaches the estimated figures, we will have to take into account that life on this planet will not go very well.

One way or another, here we navigate by sight.
A hug.

[Pawel]

I mean its hars to say art market is on a bubble when the prices fell down by 50% in the last 2 years.

[thrash822]

May 22, 2024 3:19:29 GMT 1 nobokov said:

May 22, 2024 2:37:58 GMT 1 shoottheglass said:

Not sure why you deleted your post. Just keep trying and sell what you can before everyone realizes that the art market is a big scam.  Most have already figured it out and the one's who are buying either really love art or still believe in a comeback.  And some are still holding onto those beanie babies and tulips waiting for the mania to return. Art is not easy to sell unless there's a mania. Art is inherently worthless.

At the major auction houses, much of the artwork is now selling below their primary prices. Meaning that primary prices are overblown. People chasing hot artists are getting ripped off because of fomo and they'll never be able to profit unless they can find a bigger sucker. Good luck and hope you find some buyers out there.

Thank you very much for your kind and thoughtful reply! I had to delete my post because I have a lot of conflict in my life right now, and after getting a response to my post that made me feel stupid, I just don't need that right now and so I deleted it so I don't get any more hate. I just wanted to share my thoughts and so I am happy to see you have written on the subject so I do appreciate it very much!

[astarti]

I have stopped posting here for a very long time (one of the reasons being bitterness and toxicity). I only want to give my account on who thrash822 is to me. Thrash is one of the most considerate and kind members I have come across in this forum. He has helped me in various occasions, he has been supportive and generous and he deserves only the best. 
I m sorry Thrash someone in here made you feel 'stupid'. You are not, your kindness is not forgotten, you are appreciated and if you need anything you know where to find me!