sandworm
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Banksy Grappling Hook, by sandworm on Jan 10, 2022 16:05:33 GMT 1, Apologies to the OP for the somewhat insulating £100k earlier comment, I had no idea of their current value other than the two which have sold at auction in 2019.
Good luck with the sale!
Apologies to the OP for the somewhat insulating £100k earlier comment, I had no idea of their current value other than the two which have sold at auction in 2019.
Good luck with the sale!
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Banksy Grappling Hook, by Terry Fuckwitt on Jan 10, 2022 16:30:45 GMT 1, Apologies to the OP for the somewhat insulating £100k earlier comment, I had no idea of their current value other than the two which have sold at auction in 2019. Good luck with the sale!
I don't think you need to apologise. Fact is, no one really knows, which is why the op is here asking. I remember when those auctions you mentioned were posted here and there were guesstimates into the hundreds of £k's, but they were the prices achieved at that time. Banksy prices did fly after these auctions, but they have also dropped back a bit this last year.
I love this piece and it's a very small edition. I would suggest the only way to get an honest price is sending it to one of the big auctions.
Apologies to the OP for the somewhat insulating £100k earlier comment, I had no idea of their current value other than the two which have sold at auction in 2019. Good luck with the sale! I don't think you need to apologise. Fact is, no one really knows, which is why the op is here asking. I remember when those auctions you mentioned were posted here and there were guesstimates into the hundreds of £k's, but they were the prices achieved at that time. Banksy prices did fly after these auctions, but they have also dropped back a bit this last year. I love this piece and it's a very small edition. I would suggest the only way to get an honest price is sending it to one of the big auctions.
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Gunny
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Banksy Grappling Hook, by Gunny on Jan 11, 2022 10:41:14 GMT 1, Just an update - Had a few offers and interesting offers of cash plus Banksy's. Not quite there yet, but getting closer to achieving what i want to achieve (based on advice given since posting and other sales). Thanks
Just an update - Had a few offers and interesting offers of cash plus Banksy's. Not quite there yet, but getting closer to achieving what i want to achieve (based on advice given since posting and other sales). Thanks
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Dibbs 45
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Banksy Grappling Hook, by Dibbs 45 on Jan 11, 2022 11:49:49 GMT 1, I think art item of this magnitude should be put in a major auction house. Although there are fees involved, it will still attract serious buyers of Banksy's work, who don't frequent forums.
It's a beautiful example of Banksy's work in a small edition. These two elements alone take this above just a limited edition print, and into a premium piece if art.
Good luck
I think art item of this magnitude should be put in a major auction house. Although there are fees involved, it will still attract serious buyers of Banksy's work, who don't frequent forums.
It's a beautiful example of Banksy's work in a small edition. These two elements alone take this above just a limited edition print, and into a premium piece if art.
Good luck
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Gunny
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Banksy Grappling Hook, by Gunny on Jan 11, 2022 12:08:15 GMT 1, I think art item of this magnitude should be put in a major auction house. Although there are fees involved, it will still attract serious buyers of Banksy's work, who don't frequent forums. It's a beautiful example of Banksy's work in a small edition. These two elements alone take this above just a limited edition print, and into a premium piece if art. Good luck I agree. Problem with the major auction houses is that they want to put lower reserves to attract buyers (Sothebys for example, as they always do) and there is no guarantee. As there is no real RECENT sales history, it's a hard one!
I think art item of this magnitude should be put in a major auction house. Although there are fees involved, it will still attract serious buyers of Banksy's work, who don't frequent forums. It's a beautiful example of Banksy's work in a small edition. These two elements alone take this above just a limited edition print, and into a premium piece if art. Good luck I agree. Problem with the major auction houses is that they want to put lower reserves to attract buyers (Sothebys for example, as they always do) and there is no guarantee. As there is no real RECENT sales history, it's a hard one!
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Gunny
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Banksy Grappling Hook, by Gunny on Jan 11, 2022 12:21:07 GMT 1, The one thing i like about this thread is the love shown for the Grappling Hook. It wasn't like that in the early days, however it seems people have come around to appreciating what a great piece of art it is.
The one thing i like about this thread is the love shown for the Grappling Hook. It wasn't like that in the early days, however it seems people have come around to appreciating what a great piece of art it is.
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Banksy Grappling Hook, by Coach on Jan 11, 2022 12:25:35 GMT 1, I think art item of this magnitude should be put in a major auction house. Although there are fees involved, it will still attract serious buyers of Banksy's work, who don't frequent forums. It's a beautiful example of Banksy's work in a small edition. These two elements alone take this above just a limited edition print, and into a premium piece if art. Good luck I agree. Problem with the major auction houses is that they want to put lower reserves to attract buyers (Sothebys for example, as they always do) and there is no guarantee. As there is no real RECENT sales history, it's a hard one!
That wouldn’t stop you setting a higher reserve would it? I don’t know how the top tier auction houses work, never having bought or sold there. But is there anything to stop you going with their estimate, but setting a higher reserve?
I think art item of this magnitude should be put in a major auction house. Although there are fees involved, it will still attract serious buyers of Banksy's work, who don't frequent forums. It's a beautiful example of Banksy's work in a small edition. These two elements alone take this above just a limited edition print, and into a premium piece if art. Good luck I agree. Problem with the major auction houses is that they want to put lower reserves to attract buyers (Sothebys for example, as they always do) and there is no guarantee. As there is no real RECENT sales history, it's a hard one! That wouldn’t stop you setting a higher reserve would it? I don’t know how the top tier auction houses work, never having bought or sold there. But is there anything to stop you going with their estimate, but setting a higher reserve?
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iamzero
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Banksy Grappling Hook, by iamzero on Jan 11, 2022 12:29:24 GMT 1, Never understood the slating of this piece of work early on… most likely to have been done by potential buyers talking down the price to get a bargain. One of the most poignant pieces he’s ever made I reckon.
Never understood the slating of this piece of work early on… most likely to have been done by potential buyers talking down the price to get a bargain. One of the most poignant pieces he’s ever made I reckon.
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irl1
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Banksy Grappling Hook, by irl1 on Jan 11, 2022 12:33:51 GMT 1, The one thing i like about this thread is the love shown for the Grappling Hook. It wasn't like that in the early days, however it seems people have come around to appreciating what a great piece of art it is. If you do go to auction make sure you get zero sellers fees or walk
Any top auction house would love to have this.
Try a few for estimates and zero fees. Best of luck with it
The one thing i like about this thread is the love shown for the Grappling Hook. It wasn't like that in the early days, however it seems people have come around to appreciating what a great piece of art it is. If you do go to auction make sure you get zero sellers fees or walk Any top auction house would love to have this. Try a few for estimates and zero fees. Best of luck with it
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irl1
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Banksy Grappling Hook, by irl1 on Jan 11, 2022 12:36:02 GMT 1, Never understood the slating of this piece of work early on… most likely to have been done by potential buyers talking down the price to get a bargain. One of the most poignant pieces he’s ever made I reckon. Worth waiting for your 9,000th post
Never understood the slating of this piece of work early on… most likely to have been done by potential buyers talking down the price to get a bargain. One of the most poignant pieces he’s ever made I reckon. Worth waiting for your 9,000th post
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irl1
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Banksy Grappling Hook, by irl1 on Jan 11, 2022 12:42:57 GMT 1, I agree. Problem with the major auction houses is that they want to put lower reserves to attract buyers (Sothebys for example, as they always do) and there is no guarantee. As there is no real RECENT sales history, it's a hard one! That wouldn’t stop you setting a higher reserve would it? I don’t know how the top tier auction houses work, never having bought or sold there. But is there anything to stop you going with their estimate, but setting a higher reserve? They like low estimates for sell through ratings.
Sometimes they might adjust it by a small bit but won't ever put it near market value.
They will find it hard to price this piece
I agree. Problem with the major auction houses is that they want to put lower reserves to attract buyers (Sothebys for example, as they always do) and there is no guarantee. As there is no real RECENT sales history, it's a hard one! That wouldn’t stop you setting a higher reserve would it? I don’t know how the top tier auction houses work, never having bought or sold there. But is there anything to stop you going with their estimate, but setting a higher reserve? They like low estimates for sell through ratings. Sometimes they might adjust it by a small bit but won't ever put it near market value. They will find it hard to price this piece
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Gunny
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Banksy Grappling Hook, by Gunny on Jan 11, 2022 12:54:32 GMT 1, You cannot set a reserve higher than the low estimate. Sothebys always go with very low estimates, but generally they come good! However, they come good becuase there is generally a lot of previous sales history for prospecive buyers to go by. In the case of the Gappling hook, there isn't, hence a big risk for a consignor! The fact there is no previous sales (apart from two in the early days) just goes to show how hard to come by this piece is, so in fact it could do very well! Just wouldn't want to risk it.
You cannot set a reserve higher than the low estimate. Sothebys always go with very low estimates, but generally they come good! However, they come good becuase there is generally a lot of previous sales history for prospecive buyers to go by. In the case of the Gappling hook, there isn't, hence a big risk for a consignor! The fact there is no previous sales (apart from two in the early days) just goes to show how hard to come by this piece is, so in fact it could do very well! Just wouldn't want to risk it.
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Gunny
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Banksy Grappling Hook, by Gunny on Jan 11, 2022 12:55:36 GMT 1, Getting offers all the time now and I just want to say that the offers are now close to £300K.
Getting offers all the time now and I just want to say that the offers are now close to £300K.
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Banksy Grappling Hook, by Coach on Jan 11, 2022 13:12:10 GMT 1, Never understood the slating of this piece of work early on… most likely to have been done by potential buyers talking down the price to get a bargain. One of the most poignant pieces he’s ever made I reckon. Worth waiting for your 9,000th post
9,000? Just a bigginer
Never understood the slating of this piece of work early on… most likely to have been done by potential buyers talking down the price to get a bargain. One of the most poignant pieces he’s ever made I reckon. Worth waiting for your 9,000th post 9,000? Just a bigginer
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Banksy Grappling Hook, by Coach on Jan 11, 2022 13:14:22 GMT 1, You cannot set a reserve higher than the low estimate. Sothebys always go with very low estimates, but generally they come good! However, they come good becuase there is generally a lot of previous sales history for prospecive buyers to go by. In the case of the Gappling hook, there isn't, hence a big risk for a consignor! The fact there is no previous sales (apart from two in the early days) just goes to show how hard to come by this piece is, so in fact it could do very well! Just wouldn't want to risk it.
Ok, understood. Is it not worth asking what their estimate would be first?
You cannot set a reserve higher than the low estimate. Sothebys always go with very low estimates, but generally they come good! However, they come good becuase there is generally a lot of previous sales history for prospecive buyers to go by. In the case of the Gappling hook, there isn't, hence a big risk for a consignor! The fact there is no previous sales (apart from two in the early days) just goes to show how hard to come by this piece is, so in fact it could do very well! Just wouldn't want to risk it. Ok, understood. Is it not worth asking what their estimate would be first?
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iamzero
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Banksy Grappling Hook, by iamzero on Jan 11, 2022 13:21:10 GMT 1, Worth waiting for your 9,000th post 9,000? Just a bigginer
Yeah I’m new here…
Worth waiting for your 9,000th post 9,000? Just a bigginer Yeah I’m new here…
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Gunny
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Banksy Grappling Hook, by Gunny on Jan 11, 2022 13:29:56 GMT 1, You cannot set a reserve higher than the low estimate. Sothebys always go with very low estimates, but generally they come good! However, they come good becuase there is generally a lot of previous sales history for prospecive buyers to go by. In the case of the Gappling hook, there isn't, hence a big risk for a consignor! The fact there is no previous sales (apart from two in the early days) just goes to show how hard to come by this piece is, so in fact it could do very well! Just wouldn't want to risk it. Ok, understood. Is it not worth asking what their estimate would be first? Of course i have already done it last year............... Christies were the best and not bad to be honest, but not enough.
You cannot set a reserve higher than the low estimate. Sothebys always go with very low estimates, but generally they come good! However, they come good becuase there is generally a lot of previous sales history for prospecive buyers to go by. In the case of the Gappling hook, there isn't, hence a big risk for a consignor! The fact there is no previous sales (apart from two in the early days) just goes to show how hard to come by this piece is, so in fact it could do very well! Just wouldn't want to risk it. Ok, understood. Is it not worth asking what their estimate would be first? Of course i have already done it last year............... Christies were the best and not bad to be honest, but not enough.
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Gunny
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Banksy Grappling Hook, by Gunny on Jan 11, 2022 13:33:24 GMT 1, Ok, understood. Is it not worth asking what their estimate would be first? Of course i have already done it last year............... Christies were the best and not bad to be honest, but not enough. And actually, if it went in it would have been their Banksy only auction in March 2021 and all the prices achieved were not good. It was because there had been Banksy after Banksy auction since the prices quadrupled. Anyway, SO glad i didn't do it then. Sometimes it is all about timing with these things....
Ok, understood. Is it not worth asking what their estimate would be first? Of course i have already done it last year............... Christies were the best and not bad to be honest, but not enough. And actually, if it went in it would have been their Banksy only auction in March 2021 and all the prices achieved were not good. It was because there had been Banksy after Banksy auction since the prices quadrupled. Anyway, SO glad i didn't do it then. Sometimes it is all about timing with these things....
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Banksy Grappling Hook, by Dexter Bulldog on Jan 11, 2022 13:49:49 GMT 1, Of course i have already done it last year............... Christies were the best and not bad to be honest, but not enough. And actually, if it went in it would have been their Banksy only auction in March 2021 and all the prices achieved were not good. It was because there had been Banksy after Banksy auction since the prices quadrupled. Anyway, SO glad i didn't do it then. Sometimes it is all about timing with these things.... wasn't march/april 2021 the highs in all banksy ?
Of course i have already done it last year............... Christies were the best and not bad to be honest, but not enough. And actually, if it went in it would have been their Banksy only auction in March 2021 and all the prices achieved were not good. It was because there had been Banksy after Banksy auction since the prices quadrupled. Anyway, SO glad i didn't do it then. Sometimes it is all about timing with these things.... wasn't march/april 2021 the highs in all banksy ?
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Gunny
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Banksy Grappling Hook, by Gunny on Jan 11, 2022 13:52:07 GMT 1, And actually, if it went in it would have been their Banksy only auction in March 2021 and all the prices achieved were not good. It was because there had been Banksy after Banksy auction since the prices quadrupled. Anyway, SO glad i didn't do it then. Sometimes it is all about timing with these things.... wasn't march/april 2021 the highs in all banksy ? No, the year before really, it started dying off spring 2021
And actually, if it went in it would have been their Banksy only auction in March 2021 and all the prices achieved were not good. It was because there had been Banksy after Banksy auction since the prices quadrupled. Anyway, SO glad i didn't do it then. Sometimes it is all about timing with these things.... wasn't march/april 2021 the highs in all banksy ? No, the year before really, it started dying off spring 2021
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Pootle
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Banksy Grappling Hook, by Pootle on Jan 11, 2022 14:11:11 GMT 1, Another route you can consider is private sales via the auction houses which de-risks the low estimates and the fees are often more favourable.
Another route you can consider is private sales via the auction houses which de-risks the low estimates and the fees are often more favourable.
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JFCC
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Banksy Grappling Hook, by JFCC on Jan 11, 2022 14:12:16 GMT 1, Just to correct a few points, auction houses will let you set your own reserve without exception, this is your minimum return unless your expectation is insane. They all will listen to your advice on estimates but will argue strongly that the lower estimate is essential to drum up interest, they will widen the range though. Not all of them would go for no sellers fees on this “type” of piece (ie major artist, very limited, quirky and controversial but brilliant) but 3 out of 4 definitely would. That’s all from my own experience.
Finally it’s a great piece and in my opinion would be in the £450k range at auction top end or gallery based on the movement of other pieces in the market. Which means on a private sale should be £340-375k. Great piece, well done and good luck getting your price!! Also assume you have all the packaging it came with?
Just to correct a few points, auction houses will let you set your own reserve without exception, this is your minimum return unless your expectation is insane. They all will listen to your advice on estimates but will argue strongly that the lower estimate is essential to drum up interest, they will widen the range though. Not all of them would go for no sellers fees on this “type” of piece (ie major artist, very limited, quirky and controversial but brilliant) but 3 out of 4 definitely would. That’s all from my own experience.
Finally it’s a great piece and in my opinion would be in the £450k range at auction top end or gallery based on the movement of other pieces in the market. Which means on a private sale should be £340-375k. Great piece, well done and good luck getting your price!! Also assume you have all the packaging it came with?
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casual
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Banksy Grappling Hook, by casual on Jan 11, 2022 14:17:40 GMT 1, March 2021 was the latest sale of the grappling hook on this forum, it was advertised here & swiftly picked up by a gallery for over £400k.
Some will argue that this sale was at the ‘peak’ of the Banksy market, I’d be pretty confident of achieving a similar figure though as the smaller edition & quirky pieces by Banksy like this don’t seem to be effected by the fluctuation in the market unlike the general releases.
These were £40k + VAT on release, not a bad investment at all… Good luck with the sale!
March 2021 was the latest sale of the grappling hook on this forum, it was advertised here & swiftly picked up by a gallery for over £400k.
Some will argue that this sale was at the ‘peak’ of the Banksy market, I’d be pretty confident of achieving a similar figure though as the smaller edition & quirky pieces by Banksy like this don’t seem to be effected by the fluctuation in the market unlike the general releases.
These were £40k + VAT on release, not a bad investment at all… Good luck with the sale!
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Gunny
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Banksy Grappling Hook, by Gunny on Jan 11, 2022 14:20:16 GMT 1, Just to correct a few points, auction houses will let you set your own reserve without exception, this is your minimum return unless your expectation is insane. They all will listen to your advice on estimates but will argue strongly that the lower estimate is essential to drum up interest, they will widen the range though. Not all of them would go for no sellers fees on this “type” of piece (ie major artist, very limited, quirky and controversial but brilliant) but 3 out of 4 definitely would. That’s all from my own experience. Finally it’s a great piece and in my opinion would be in the £450k range at auction top end or gallery based on the movement of other pieces in the market. Which means on a private sale should be £340-375k. Great piece, well done and good luck getting your price!! Also assume you have all the packaging it came with? Good points! However, if an auction house has an estimate of £1000-£2000 for something, you can't set your reserve at £1500 because if it sells for the low reserve you are stuffed. Would be great if your price range was right...........
Yes of course have everything it came with.........
Just to correct a few points, auction houses will let you set your own reserve without exception, this is your minimum return unless your expectation is insane. They all will listen to your advice on estimates but will argue strongly that the lower estimate is essential to drum up interest, they will widen the range though. Not all of them would go for no sellers fees on this “type” of piece (ie major artist, very limited, quirky and controversial but brilliant) but 3 out of 4 definitely would. That’s all from my own experience. Finally it’s a great piece and in my opinion would be in the £450k range at auction top end or gallery based on the movement of other pieces in the market. Which means on a private sale should be £340-375k. Great piece, well done and good luck getting your price!! Also assume you have all the packaging it came with? Good points! However, if an auction house has an estimate of £1000-£2000 for something, you can't set your reserve at £1500 because if it sells for the low reserve you are stuffed. Would be great if your price range was right........... Yes of course have everything it came with.........
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Gunny
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Banksy Grappling Hook, by Gunny on Jan 11, 2022 14:20:57 GMT 1, Can someone tell me how i can post a picture .........
Can someone tell me how i can post a picture .........
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Lazarus II
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Banksy Grappling Hook, by Lazarus II on Jan 11, 2022 14:26:17 GMT 1, Can someone tell me how i can post a picture ......... assuming u are using a phone, switch to desktop mode at the bottom of the page then reply to the post and u can add an image.
Can someone tell me how i can post a picture ......... assuming u are using a phone, switch to desktop mode at the bottom of the page then reply to the post and u can add an image.
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JFCC
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Banksy Grappling Hook, by JFCC on Jan 11, 2022 14:29:51 GMT 1, Just to correct a few points, auction houses will let you set your own reserve without exception, this is your minimum return unless your expectation is insane. They all will listen to your advice on estimates but will argue strongly that the lower estimate is essential to drum up interest, they will widen the range though. Not all of them would go for no sellers fees on this “type” of piece (ie major artist, very limited, quirky and controversial but brilliant) but 3 out of 4 definitely would. That’s all from my own experience. Finally it’s a great piece and in my opinion would be in the £450k range at auction top end or gallery based on the movement of other pieces in the market. Which means on a private sale should be £340-375k. Great piece, well done and good luck getting your price!! Also assume you have all the packaging it came with? Good points! However, if an auction house has an estimate of £1000-£2000 for something, you can't set your reserve at £1500 because if it sells for the low reserve you are stuffed. Would be great if your price range was right........... Yes of course have everything it came with.........
The estimate is different to the reserve.
The estimate is the price the auction house believe it will sell at before fees etc.
The reserve is the price they are allowed to sell for on behalf of the owner which if not met is passed.
The reserve will be in the estimate range. As I say just from my experience 🤷♂️
Still a great piece!
Just to correct a few points, auction houses will let you set your own reserve without exception, this is your minimum return unless your expectation is insane. They all will listen to your advice on estimates but will argue strongly that the lower estimate is essential to drum up interest, they will widen the range though. Not all of them would go for no sellers fees on this “type” of piece (ie major artist, very limited, quirky and controversial but brilliant) but 3 out of 4 definitely would. That’s all from my own experience. Finally it’s a great piece and in my opinion would be in the £450k range at auction top end or gallery based on the movement of other pieces in the market. Which means on a private sale should be £340-375k. Great piece, well done and good luck getting your price!! Also assume you have all the packaging it came with? Good points! However, if an auction house has an estimate of £1000-£2000 for something, you can't set your reserve at £1500 because if it sells for the low reserve you are stuffed. Would be great if your price range was right........... Yes of course have everything it came with......... The estimate is different to the reserve. The estimate is the price the auction house believe it will sell at before fees etc. The reserve is the price they are allowed to sell for on behalf of the owner which if not met is passed. The reserve will be in the estimate range. As I say just from my experience 🤷♂️ Still a great piece!
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Gunny
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Banksy Grappling Hook, by Gunny on Jan 11, 2022 14:33:31 GMT 1, Good points! However, if an auction house has an estimate of £1000-£2000 for something, you can't set your reserve at £1500 because if it sells for the low reserve you are stuffed. Would be great if your price range was right........... Yes of course have everything it came with......... The estimate is different to the reserve. The estimate is the price the auction house believe it will sell at before fees etc. The reserve is the price they are allowed to sell for on behalf of the owner. The reserve will be in the estimate range. As I say just from my experience 🤷♂️ Still a great piece! Yes exactly - so it is no good if they set the low estimate 3/4 times less than what it is worth (and what they usually go for), which is what Sothebys often do with Banksy - the problem with the Hook is that there is no recent sales of it, so it could perform badly or amazing! So it is risky at auction unless they give you a low estimate you are happy with.
Good points! However, if an auction house has an estimate of £1000-£2000 for something, you can't set your reserve at £1500 because if it sells for the low reserve you are stuffed. Would be great if your price range was right........... Yes of course have everything it came with......... The estimate is different to the reserve. The estimate is the price the auction house believe it will sell at before fees etc. The reserve is the price they are allowed to sell for on behalf of the owner. The reserve will be in the estimate range. As I say just from my experience 🤷♂️ Still a great piece! Yes exactly - so it is no good if they set the low estimate 3/4 times less than what it is worth (and what they usually go for), which is what Sothebys often do with Banksy - the problem with the Hook is that there is no recent sales of it, so it could perform badly or amazing! So it is risky at auction unless they give you a low estimate you are happy with.
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irl1
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Banksy Grappling Hook, by irl1 on Jan 11, 2022 14:45:49 GMT 1, Can someone tell me how i can post a picture ......... There you go
upload image to reply
Can someone tell me how i can post a picture ......... There you go upload image to reply
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Gunny
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July 2012
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Banksy Grappling Hook, by Gunny on Jan 11, 2022 14:54:59 GMT 1, Can someone tell me how i can post a picture ......... There you go upload image to reply
Can someone tell me how i can post a picture ......... There you go upload image to reply
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