[Icesay]

Recession has been brewing for a while and is statistically overdue....

[Winter]

I’m sure half this forum are already flipping face masks

[Daniel Silk]

I dunno, in the early days on here many people talked how they were turning away from putting their savings in the Bank and preferred to invest in art as a safer place during recession. So could the effect actually turn into more people being worried about the stock markets and switch to buying Art at least until business picks up again?

[pfffffffffft]

Feb 26, 2020 14:22:29 GMT 1 goose said:

Already we're seeing the early effects of the spreading of the coronavirus on the stock market. What do people think it's effect will be on the art market? This virus could potentially shut down the world economy, which surely put us into a global recession.

I don't think this is coronavirus related but it's feeling a little bit to me like just before the Urban Art market went sideways back in 2008 if some of the old timers remember that. Too many artists. Too many new-ish artists with overpriced prints ($5K/$10K plus). Too many artists with auction records that seem inflated. 

There were quite a few artists that never really recovered from that crash.

[cest]

Heard banksys are selling half off to recoup speculation stock purchases... These prints are a falling knife!

Sell sell SELL!!!

[tab1]

Whatsons market already taken a knock

[Deleted]

Buy the dips. I'll take your Signed Banksy for £5k

[Javier]

Feb 26, 2020 17:04:12 GMT 1 @flipitwhileitswet said:

Buy the dips. I'll take your Signed Banksy for £5k

And then please resell me at 7k

[Feels Good Man 84]

Feb 26, 2020 16:54:04 GMT 1 tab1 said:

Whatsons market already taken a knock

Really everything I've seen has been selling strong besides the newest release to many in the main ed and hf version if you want to call it that barely has any
But the older works I've seen being going pretty high, hf tiger just sold for 4600 on ebay

[mark1]

Feb 26, 2020 18:34:05 GMT 1 Feels Good Man 84 said:

Feb 26, 2020 16:54:04 GMT 1 tab1 said:

Whatsons market already taken a knock

Really everything I've seen has been selling strong besides the newest release to many in the main ed and hf version if you want to call it that barely has any
But the older works I've seen being going pretty high, hf tiger just sold for 4600 on ebay

Just checked and it sold for 3300 which is still a solid price for a print and got to love the Whatson spacers with his work 👌

[Feels Good Man 84]

Woops should have said have usd I know he had to pay a nice penny to get sent to the US

[zacksz 123123]

Feb 26, 2020 18:43:54 GMT 1 mark1 said:

Feb 26, 2020 18:34:05 GMT 1 Feels Good Man 84 said:

Really everything I've seen has been selling strong besides the newest release to many in the main ed and hf version if you want to call it that barely has any
But the older works I've seen being going pretty high, hf tiger just sold for 4600 on ebay

Just checked and it sold for 3300 which is still a solid price for a print and got to love the Whatson spacers with his work 👌

It was 4600 framed. User mentioned it in FB whatson group.

Other user just purchased a HF tiger I framed at 4k.

[tab1]

Feb 26, 2020 18:43:44 GMT 1 warchet said:

Feb 26, 2020 16:54:04 GMT 1 tab1 said:

Whatsons market already taken a knock

I'd say quite the opposite

Tounge and cheek
He had to cancel his Hong Kong show
Too serious you lot , gathering data sales already!

[tab1]

Feb 26, 2020 18:34:05 GMT 1 Feels Good Man 84 said:

Feb 26, 2020 16:54:04 GMT 1 tab1 said:

Whatsons market already taken a knock

Really everything I've seen has been selling strong besides the newest release to many in the main ed and hf version if you want to call it that barely has any
But the older works I've seen being going pretty high, hf tiger just sold for 4600 on ebay

Older works smaller editions than latest releases and they've found their way into collectors hands by now so flipped less often , less on the market and when do hit make a greater price

[nobokov]

I think it'll just remind everyone how unessential art is.

[chevyav53]

Feb 26, 2020 21:55:52 GMT 1 nobokov said:

I think it'll just remind everyone how unessential art is.

^^ This, as discretionary income dissipates with the stock market so will the sky high valuations.  If it gets really bad for some i.e. some businesses don't survive, owners or those in high positions will find themselves searching for work and as we saw after the .com and credit market crashes so will art valuations.


Art has tracked the S&P 500 fairly closely since the 2000's began. 

[kuni]

Feb 26, 2020 23:12:40 GMT 1 god’s ultimate noise said:

Matt Hancock stating “the UK government is well-prepared to deal with coronavirus” is the surest sign yet that we’re all going to die.

don’t worry! There’s a good chance you’re not going to die! 

[orchid]

Feb 26, 2020 22:26:33 GMT 1 chevyav53 said:

Feb 26, 2020 21:55:52 GMT 1 nobokov said:

I think it'll just remind everyone how unessential art is.

^^ This, as discretionary income dissipates with the stock market so will the sky high valuations.  If it gets really bad for some i.e. some businesses don't survive, owners or those in high positions will find themselves searching for work and as we saw after the .com and credit market crashes so will art valuations.


Art has tracked the S&P 500 fairly closely since the 2000's began. 

There was a report not long ago which found only a 0.13 mark correlation between s&p and art market. The virus will not be as big as people imagine and the market is still robust enough to withstand. People will be buying up any dips because its still one of the best performing investments.

[cest]

I personally have stopped buying .. all extra cash will go towards dry powder to buy equities and other rock bottom opportunities (what those are, i am not sure yet).

I flipped houses during the recession, bought silver , gold and diamonds during that same time.

I like panic

[nex]

Parasite

[orchid]

Feb 27, 2020 12:41:48 GMT 1 cest said:

I personally have stopped buying .. all extra cash will go towards dry powder to buy equities and other rock bottom opportunities (what those are, i am not sure yet).

I flipped houses during the recession, bought silver , gold and diamonds during that same time.

I like panic

[The Italian One]

Feb 27, 2020 14:56:47 GMT 1 orchid said:

Feb 27, 2020 12:41:48 GMT 1 cest said:

I personally have stopped buying .. all extra cash will go towards dry powder to buy equities and other rock bottom opportunities (what those are, i am not sure yet).

I flipped houses during the recession, bought silver , gold and diamonds during that same time.

I like panic

what a stupid humanbeing..
 
you can't go anywhere with this attitude

btw very old video and he was wrong in a lot of things.


as soon as the market will understand that this "corona virus" is just a kind of flue, the mArket will start to rise again.

off course it is the right time to buy stocks now

[The Italian One]

buy when nobody is buying
sell when everybody is holding

[Winter]

When will the panic selling begin?

[Cardiff]

Is Watson's market a leading indicator for gold as well?

[Express Post]

It hasn't affected any sales in the last 72 hrs. Javier Calleja sold out at urvanity, arco selling out at a few booths, Baldur and Sandra sold out in seconds, Case Studyo has another case closed, Madsaki selling out his off set prints, same with Mr and Murakami, Banksy mats all allocated and paid for.

[nobokov]

Smart to have all these releases before the new reality sinks in.

[chevyav53]

Feb 27, 2020 14:56:47 GMT 1 orchid said:

Feb 27, 2020 12:41:48 GMT 1 cest said:

I personally have stopped buying .. all extra cash will go towards dry powder to buy equities and other rock bottom opportunities (what those are, i am not sure yet).

I flipped houses during the recession, bought silver , gold and diamonds during that same time.

I like panic

A classic, sold out of a lot of positions last week, luckier than I thought, and ready to buy more in the upcoming months... these are times investors and traders love

[tab1]

This virus is spreading to many other countries faster than all new viruses before

I'm sure all government figures are not up to date as many that are infected many leave hospital invertion to the last minute .especially the old or the people that live in remote areas .

Lucky the virus is not as virulent as Ebola .

The longer without a vaccine the more the virus mutates .
Worse side effects?

Every few years seems a new unheard of virus does the rounds

The other scary thing , the long term effects for recovery is unknown .

Thinking about it all airports and workers would be a hot spot for tranfer contamination of the virus especially as many do not know they have it .

impossible task to disinfect all airports constantly .
Surprised more countries have not put travel bans instead waiting until its a major incident occurs ?!

Might see a rise again in demand form all physical stocks , gold creeping up to an all time high again .
Extra cash , bAnksy auctions might do well if this continues .

[19818914]

Just remember. The same people who give investment advice here are the ones who flip posters and postcards for extra cash.