faribo
New Member
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December 2006
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LA Show Prints?, by faribo on Feb 14, 2007 22:50:55 GMT 1, Newbie Queston: Why do the LA show prints seem less expensive then POW Banksy prints on the open market? Also, Thanks to all on this board for all the great information.
Newbie Queston: Why do the LA show prints seem less expensive then POW Banksy prints on the open market? Also, Thanks to all on this board for all the great information.
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RBK
Junior Member
🗨️ 2,925
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September 2006
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LA Show Prints?, by RBK on Feb 14, 2007 23:39:59 GMT 1, Newbie Queston: Why do the LA show prints seem less expensive then POW Banksy prints on the open market? Also, Thanks to all on this board for all the great information.
That is a good question (newbie or not). I've also wondered the same thing. Many say that the LA Applause is much better image quality also. If I had to guess, I would say people are more comfortable with the "officialness" of the POW stamp.
Newbie Queston: Why do the LA show prints seem less expensive then POW Banksy prints on the open market? Also, Thanks to all on this board for all the great information. That is a good question (newbie or not). I've also wondered the same thing. Many say that the LA Applause is much better image quality also. If I had to guess, I would say people are more comfortable with the "officialness" of the POW stamp. |
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LA Show Prints?, by Ågent ßacardi on Feb 14, 2007 23:53:48 GMT 1, That is a good question (newbie or not). I've also wondered the same thing. Many say that the LA Applause is much better image quality also. If I had to guess, I would say people are more comfortable with the "officialness" of the POW stamp.
I would guess that as well. Although print counterfeiting is not exactly easy or rampant (at least, as yet), having the stamp basically guarantees that the print is genuine and hence 'safer'. So if you had a choice between an LA edition and a POW edition, we'd expect greater demand for the POW one, which leads to higher price.
That is a good question (newbie or not). I've also wondered the same thing. Many say that the LA Applause is much better image quality also. If I had to guess, I would say people are more comfortable with the "officialness" of the POW stamp. I would guess that as well. Although print counterfeiting is not exactly easy or rampant (at least, as yet), having the stamp basically guarantees that the print is genuine and hence 'safer'. So if you had a choice between an LA edition and a POW edition, we'd expect greater demand for the POW one, which leads to higher price. |
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LA Show Prints?, by tomhills1 on Feb 14, 2007 23:53:50 GMT 1, i think given the current climate of one or two charlatans trying their luck, anything that can establish clear provenance will hold slightly more value than those that can't. as the rest of the LA show prints become avalible on POW i think the market will become more stable, although original LA versions against POW ones will struggle to hold their value i think. no signed, and only a credit card receipt to go by, as opposed to around 150 signed and the rest blindstamped just re-assures buyers a little.
just my opinion though.
i think given the current climate of one or two charlatans trying their luck, anything that can establish clear provenance will hold slightly more value than those that can't. as the rest of the LA show prints become avalible on POW i think the market will become more stable, although original LA versions against POW ones will struggle to hold their value i think. no signed, and only a credit card receipt to go by, as opposed to around 150 signed and the rest blindstamped just re-assures buyers a little.
just my opinion though.
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LA Show Prints?, by Ågent ßacardi on Feb 15, 2007 0:04:39 GMT 1, i think given the current climate of one or two charlatans trying their luck, anything that can establish clear provenance will hold slightly more value than those that can't. as the rest of the LA show prints become avalible on POW i think the market will become more stable, although original LA versions against POW ones will struggle to hold their value i think. no signed, and only a credit card receipt to go by, as opposed to around 150 signed and the rest blindstamped just re-assures buyers a little. just my opinion though.
There's an official LAZinc. receipt, not just a credit card receipt. It states the buyer's name, phone number, prints purchased as well as the issued edition numbers. If anybody buying an LA edition print encounters a seller who says that there's no such receipt, it's a big fat lie. 
i think given the current climate of one or two charlatans trying their luck, anything that can establish clear provenance will hold slightly more value than those that can't. as the rest of the LA show prints become avalible on POW i think the market will become more stable, although original LA versions against POW ones will struggle to hold their value i think. no signed, and only a credit card receipt to go by, as opposed to around 150 signed and the rest blindstamped just re-assures buyers a little. just my opinion though. There's an official LAZinc. receipt, not just a credit card receipt. It states the buyer's name, phone number, prints purchased as well as the issued edition numbers. If anybody buying an LA edition print encounters a seller who says that there's no such receipt, it's a big fat lie. |
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pastiepie
New Member
🗨️ 446
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October 2006
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LA Show Prints?, by pastiepie on Feb 15, 2007 2:15:20 GMT 1, I also think that the exchange rate has a large affect. With Barely Legal being held in LA a large proportion of sales would've been to US residents. The US exchange rate is the lowest it's been for ages so someone in the US can easily make a tidy profit while the UK citizen is still getting a good price.
I also think that the exchange rate has a large affect. With Barely Legal being held in LA a large proportion of sales would've been to US residents. The US exchange rate is the lowest it's been for ages so someone in the US can easily make a tidy profit while the UK citizen is still getting a good price.
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LA Show Prints?, by corblimeylimey on Feb 15, 2007 13:22:43 GMT 1, As I'm in the UK, buying an LA print from the US would put me off as I may have to pay Duty & VAT on import.
As I'm in the UK, buying an LA print from the US would put me off as I may have to pay Duty & VAT on import.
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LA Show Prints?, by irf2112 on Feb 15, 2007 15:03:54 GMT 1, As I'm in the UK, buying an LA print from the US would put me off as I may have to pay Duty & VAT on import.
Not if you tell them to send item as a 'gift'. (Which Ive done quite a few times before).
Regarding counterfitting - the POW stamp (seal) can also be counterfitted. But its all down to POW keeping records of who owns what. This is the clincher for me anyway...
As I'm in the UK, buying an LA print from the US would put me off as I may have to pay Duty & VAT on import. Not if you tell them to send item as a 'gift'. (Which Ive done quite a few times before). Regarding counterfitting - the POW stamp (seal) can also be counterfitted. But its all down to POW keeping records of who owns what. This is the clincher for me anyway... |
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RBK
Junior Member
🗨️ 2,925
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September 2006
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LA Show Prints?, by RBK on Feb 15, 2007 16:56:24 GMT 1, As I'm in the UK, buying an LA print from the US would put me off as I may have to pay Duty & VAT on import.
I had forgotten about Duty & VAT - Majority of buyers are still in the UK so this makes sense. As Banksy becomes even more internationally bought and sold think the gap will narrow.
As I'm in the UK, buying an LA print from the US would put me off as I may have to pay Duty & VAT on import. I had forgotten about Duty & VAT - Majority of buyers are still in the UK so this makes sense. As Banksy becomes even more internationally bought and sold think the gap will narrow. |
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LA Show Prints?, by Ågent ßacardi on Feb 15, 2007 19:34:08 GMT 1, Regarding counterfitting - the POW stamp (seal) can also be counterfitted. But its all down to POW keeping records of who owns what. This is the clincher for me anyway...
The seal can be counterfeited, but it's not super-easy to do I think. As for POW keeping records, I think those that were sold via LAZ during the LA show were recorded as well. So as far as 'background checks', buying a POW edition versus an LA edition is just as safe as long as you're buying from a first-hand buyer.
Regarding counterfitting - the POW stamp (seal) can also be counterfitted. But its all down to POW keeping records of who owns what. This is the clincher for me anyway... The seal can be counterfeited, but it's not super-easy to do I think. As for POW keeping records, I think those that were sold via LAZ during the LA show were recorded as well. So as far as 'background checks', buying a POW edition versus an LA edition is just as safe as long as you're buying from a first-hand buyer. |
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LA Show Prints?, by tomhills1 on Feb 15, 2007 20:12:31 GMT 1, [quote author=irf2112 board=powlaz thread=1171489855 post=1171548234Not if you tell them to send item as a 'gift'. (Which Ive done quite a few times before).[/quote]
DON'T DO THAT!!! there is a thread here somewhere, someone asks advice on buying abroad and this whole gift situation comes up. i was given this advice and then passed it on, corblimeylimey spells out the reasons not to go down that avenue. i just got a large bill from fedex who payed my import duties on my behalf now they want paying.
[quote author=irf2112 board=powlaz thread=1171489855 post=1171548234Not if you tell them to send item as a 'gift'. (Which Ive done quite a few times before).[/quote]
DON'T DO THAT!!! there is a thread here somewhere, someone asks advice on buying abroad and this whole gift situation comes up. i was given this advice and then passed it on, corblimeylimey spells out the reasons not to go down that avenue. i just got a large bill from fedex who payed my import duties on my behalf now they want paying.
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LA Show Prints?, by tomhills1 on Feb 15, 2007 20:14:31 GMT 1, check this:http://banksyforum.proboards82.com/index.cgi?board=general&action=display&thread=1171311683
check this:http://banksyforum.proboards82.com/index.cgi?board=general&action=display&thread=1171311683
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bonesy
Junior Member
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July 2006
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LA Show Prints?, by bonesy on Feb 16, 2007 21:17:32 GMT 1,
Though it wasnt separate receipts for each print. If someone has a receipt with 3 prints on it and is selling 1 of the 3 prints I think theyd be apprehensive to give the original receipt.
Though it wasnt separate receipts for each print. If someone has a receipt with 3 prints on it and is selling 1 of the 3 prints I think theyd be apprehensive to give the original receipt.
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