Banksy™ Thrower Prints Set, Gross Domestic Product™

[artlike]

You're asking double what they are worth.

[radnatic]

Sept 26, 2024 6:33:56 GMT 1 artlike said:

You're asking double what they are worth.

Thanks for your opinion. I appriciate.

[Fuzzyduck121]

I personally think 75k is a tad low on this to be fair

But the days of 150k are gone for now that’s for sure

Suspect a fair price for all is around 90-95k

[Tobi187]

In June, one was sold at an auction in Zurich for 106.250 CHF, which is approximately 93.000 GBP.

[artlike]

Well, it's not June anymore. How much did the seller receive?

[artlike]

Sept 26, 2024 9:04:57 GMT 1 radnatic said:

Sept 26, 2024 6:33:56 GMT 1 artlike said:

You're asking double what they are worth.

Thanks for your opinion. I appriciate.

That sounds a bit disingenuous. Like your pricing. 

[radnatic]

Sept 19, 2024 10:15:52 GMT 1 radnatic said:

I am looking to sell my Banksy Thrower triptych. Got it via GDP. No VIP.
It was never framed and is still in its original packaging. Just took out once for the COA.
With Pest Control COA in hands.

Price: 155k€

Price update: £125k 

[Fuzzyduck121]

Oct 15, 2024 18:36:03 GMT 1 radnatic said:

Sept 19, 2024 10:15:52 GMT 1 radnatic said:

I am looking to sell my Banksy Thrower triptych. Got it via GDP. No VIP.
It was never framed and is still in its original packaging. Just took out once for the COA.
With Pest Control COA in hands.

Price: 155k€

Price update: £125k 

 You’ve reduced it from 155k euro to 125k gbp which is still 150k euro ?

[billybob1969]

No one is paying £125k for the GDP version after the auction season we had, I would be surprised to see £100k TBH. You got it for £500 dude, you missed the boat for the big money but its still 20x in 4 years , don't ride the market down for another year, offer it at a fair price, take the money and enjoy life. If you want to hold out for 5 more years then who knows but I suspect there are far better places to put the money for 99% of people.

[artearte]

Oct 16, 2024 1:21:13 GMT 1 billybob1969 said:

No one is paying £125k for the GDP version after the auction season we had, I would be surprised to see £100k TBH. You got it for £500 dude, you missed the boat for the big money but its still 20x in 4 years , don't ride the market down for another year, offer it at a fair price, take the money and enjoy life. If you want to hold out for 5 more years then who knows but I suspect there are far better places to put the money for 99% of people.

People still are dreaming with this top price and this will not happen again, give 6 month and price will be much lest.

 

[Wendero]

contact  an auction house , the major one will accept it.

Set a reserve price , accept the fees and sell it (if you’re really interested into selling)….

[ubl]

Yeah, this is not the place to sell, auction houses will be your best bet. The resell agreement having ended recently also made it so that there are quite a couple for sale all at once.

[hdduyddfj]

Oct 17, 2024 2:23:13 GMT 1 ubl said:

Yeah, this is not the place to sell, auction houses will be your best bet. The resell agreement having ended recently also made it so that there are quite a couple for sale all at once.

The resale agreement from GDP? GDP was 5 years ago. I would like to hope most GDP buyers have coas by now.
Resale agreements aren't an issue. Pest Controls greatest mistake is absolving themselves from any responsibility past the point of primary sale and directing everything(unique/rarities/original, main ed) to auction to resell, effectively passing the buck, making the auctions the current market management. 
That's not what auctions do, they sell, as much as possible to keep shareholders happy at the end of each quarter. Banksys future market clearly isn't a great concern for auctions. It's not their job.
 It used to feel more of a community, everyone looking after the artists and markets best interests.
 Now it feels more every man for themselves, especially with Pest Control Office and the artist.
 Sellers think for yourselves. If you're out of options outside auction and have no choice but to sell right now then go to auction and take whatever you get, most likely it will be 1 bid, bottom estimate or below. Or no sale.
 If the seller isn't in a panic to sell, holding long term might be the better option. The GDP triptych is a work many will want once there's some confidence instilled. Where the confidence comes from and when isn't evident presently which is causing uncertainty. It certainly won't come from the leadership of PC, they aren't sending the right signals out at all to settle concerns.
 First action should be  PCs staffing issues. Are more staff needed? Is it a staff efficiency/knowledge/expertise issue? Or both. What can cause such long delays in communication/coas etc leaving collectors stranded, stressed and helpless for years. If it's sheer volume get more staff, get them trained. If they continue in the same vein they will make it hard to convince collectors he's a good option for spending their money.  
 It's ultimately down to the artist and whether he cares about his collectors. If he doesn't care about his market/collectors that's fine, but he's picked up the responsibility along the way so he has a duty to at least put the right staff in place that will care or are capable of managing his market with some level of credibility.
 
 
 
 
 

[Javier]

Oct 17, 2024 4:29:13 GMT 1 hdduyddfj said:

Oct 17, 2024 2:23:13 GMT 1 ubl said:

Yeah, this is not the place to sell, auction houses will be your best bet. The resell agreement having ended recently also made it so that there are quite a couple for sale all at once.

The resale agreement from GDP? GDP was 5 years ago. I would like to hope most GDP buyers have coas by now.
Resale agreements aren't an issue. Pest Controls greatest mistake is absolving themselves from any responsibility past the point of primary sale and directing everything(unique/rarities/original, main ed) to auction to resell, effectively passing the buck, making the auctions the current market management. 
That's not what auctions do, they sell, as much as possible to keep shareholders happy at the end of each quarter. Banksys future market clearly isn't a great concern for auctions. It's not their job.
 It used to feel more of a community, everyone looking after the artists and markets best interests.
 Now it feels more every man for themselves, especially with Pest Control Office and the artist.
 Sellers think for yourselves. If you're out of options outside auction and have no choice but to sell right now then go to auction and take whatever you get, most likely it will be 1 bid, bottom estimate or below. Or no sale.
 If the seller isn't in a panic to sell, holding long term might be the better option. The GDP triptych is a work many will want once there's some confidence instilled. Where the confidence comes from and when isn't evident presently which is causing uncertainty. It certainly won't come from the leadership of PC, they aren't sending the right signals out at all to settle concerns.
 First action should be  PCs staffing issues. Are more staff needed? Is it a staff efficiency/knowledge/expertise issue? Or both. What can cause such long delays in communication/coas etc leaving collectors stranded, stressed and helpless for years. If it's sheer volume get more staff, get them trained. If they continue in the same vein they will make it hard to convince collectors he's a good option for spending their money.  
 It's ultimately down to the artist and whether he cares about his collectors. If he doesn't care about his market/collectors that's fine, but he's picked up the responsibility along the way so he has a duty to at least put the right staff in place that will care or are capable of managing his market with some level of credibility.
 
 
 
 
 

Not all COA’s have been sent yet. Three years after they would be automatically sent. 
What they will get is more prints in auction lowering prices instead of private (and price hidden) sales

If that’s what they want, that’s what they get

[ubl]

Oct 17, 2024 4:29:13 GMT 1 hdduyddfj said:

Oct 17, 2024 2:23:13 GMT 1 ubl said:

Yeah, this is not the place to sell, auction houses will be your best bet. The resell agreement having ended recently also made it so that there are quite a couple for sale all at once.

The resale agreement from GDP? GDP was 5 years ago. I would like to hope most GDP buyers have coas by now.
Resale agreements aren't an issue. Pest Controls greatest mistake is absolving themselves from any responsibility past the point of primary sale and directing everything(unique/rarities/original, main ed) to auction to resell, effectively passing the buck, making the auctions the current market management. 
That's not what auctions do, they sell, as much as possible to keep shareholders happy at the end of each quarter. Banksys future market clearly isn't a great concern for auctions. It's not their job.
 It used to feel more of a community, everyone looking after the artists and markets best interests.
 Now it feels more every man for themselves, especially with Pest Control Office and the artist.
 Sellers think for yourselves. If you're out of options outside auction and have no choice but to sell right now then go to auction and take whatever you get, most likely it will be 1 bid, bottom estimate or below. Or no sale.
 If the seller isn't in a panic to sell, holding long term might be the better option. The GDP triptych is a work many will want once there's some confidence instilled. Where the confidence comes from and when isn't evident presently which is causing uncertainty. It certainly won't come from the leadership of PC, they aren't sending the right signals out at all to settle concerns.
 First action should be  PCs staffing issues. Are more staff needed? Is it a staff efficiency/knowledge/expertise issue? Or both. What can cause such long delays in communication/coas etc leaving collectors stranded, stressed and helpless for years. If it's sheer volume get more staff, get them trained. If they continue in the same vein they will make it hard to convince collectors he's a good option for spending their money.  
 It's ultimately down to the artist and whether he cares about his collectors. If he doesn't care about his market/collectors that's fine, but he's picked up the responsibility along the way so he has a duty to at least put the right staff in place that will care or are capable of managing his market with some level of credibility.
 
 
 
 
 

GDP shipping was delayed for a year, then COA's were delayed for a year.  So most COA's were released in the last year.  I'm pretty sure everyone has them now, hence the influx of prints on the market.  Mainly smaller galleries are listing it, who require the COA.

Lets be honest its not just Banksys market that crashed atm, almost every artist is noticing a very significant dip at the moment.  Even think Thierry Noir might go to zero.  (bait)

[hdduyddfj]

Oct 17, 2024 12:11:47 GMT 1 ubl said:

Oct 17, 2024 4:29:13 GMT 1 hdduyddfj said:

The resale agreement from GDP? GDP was 5 years ago. I would like to hope most GDP buyers have coas by now.
Resale agreements aren't an issue. Pest Controls greatest mistake is absolving themselves from any responsibility past the point of primary sale and directing everything(unique/rarities/original, main ed) to auction to resell, effectively passing the buck, making the auctions the current market management. 
That's not what auctions do, they sell, as much as possible to keep shareholders happy at the end of each quarter. Banksys future market clearly isn't a great concern for auctions. It's not their job.
 It used to feel more of a community, everyone looking after the artists and markets best interests.
 Now it feels more every man for themselves, especially with Pest Control Office and the artist.
 Sellers think for yourselves. If you're out of options outside auction and have no choice but to sell right now then go to auction and take whatever you get, most likely it will be 1 bid, bottom estimate or below. Or no sale.
 If the seller isn't in a panic to sell, holding long term might be the better option. The GDP triptych is a work many will want once there's some confidence instilled. Where the confidence comes from and when isn't evident presently which is causing uncertainty. It certainly won't come from the leadership of PC, they aren't sending the right signals out at all to settle concerns.
 First action should be  PCs staffing issues. Are more staff needed? Is it a staff efficiency/knowledge/expertise issue? Or both. What can cause such long delays in communication/coas etc leaving collectors stranded, stressed and helpless for years. If it's sheer volume get more staff, get them trained. If they continue in the same vein they will make it hard to convince collectors he's a good option for spending their money.  
 It's ultimately down to the artist and whether he cares about his collectors. If he doesn't care about his market/collectors that's fine, but he's picked up the responsibility along the way so he has a duty to at least put the right staff in place that will care or are capable of managing his market with some level of credibility.
 
 
 
 
 

GDP shipping was delayed for a year, then COA's were delayed for a year.  So most COA's were released in the last year.  I'm pretty sure everyone has them now, hence the influx of prints on the market.  Mainly smaller galleries are listing it, who require the COA.

Lets be honest its not just Banksys market that crashed atm, almost every artist is noticing a very significant dip at the moment.  Even think Thierry Noir might go to zero.  (bait)

The crashing market isn't the concern, it's how it recovers. 

[Georgie Poppit]

Can’t see Ukraine, Middle East or other world problems sorting themselves out any time soon.

[Javier]

Oct 17, 2024 12:11:47 GMT 1 ubl said:

Oct 17, 2024 4:29:13 GMT 1 hdduyddfj said:

The resale agreement from GDP? GDP was 5 years ago. I would like to hope most GDP buyers have coas by now.
Resale agreements aren't an issue. Pest Controls greatest mistake is absolving themselves from any responsibility past the point of primary sale and directing everything(unique/rarities/original, main ed) to auction to resell, effectively passing the buck, making the auctions the current market management. 
That's not what auctions do, they sell, as much as possible to keep shareholders happy at the end of each quarter. Banksys future market clearly isn't a great concern for auctions. It's not their job.
 It used to feel more of a community, everyone looking after the artists and markets best interests.
 Now it feels more every man for themselves, especially with Pest Control Office and the artist.
 Sellers think for yourselves. If you're out of options outside auction and have no choice but to sell right now then go to auction and take whatever you get, most likely it will be 1 bid, bottom estimate or below. Or no sale.
 If the seller isn't in a panic to sell, holding long term might be the better option. The GDP triptych is a work many will want once there's some confidence instilled. Where the confidence comes from and when isn't evident presently which is causing uncertainty. It certainly won't come from the leadership of PC, they aren't sending the right signals out at all to settle concerns.
 First action should be  PCs staffing issues. Are more staff needed? Is it a staff efficiency/knowledge/expertise issue? Or both. What can cause such long delays in communication/coas etc leaving collectors stranded, stressed and helpless for years. If it's sheer volume get more staff, get them trained. If they continue in the same vein they will make it hard to convince collectors he's a good option for spending their money.  
 It's ultimately down to the artist and whether he cares about his collectors. If he doesn't care about his market/collectors that's fine, but he's picked up the responsibility along the way so he has a duty to at least put the right staff in place that will care or are capable of managing his market with some level of credibility.
 
 
 
 
 

GDP shipping was delayed for a year, then COA's were delayed for a year.  So most COA's were released in the last year.  I'm pretty sure everyone has them now, hence the influx of prints on the market.  Mainly smaller galleries are listing it, who require the COA.

Lets be honest its not just Banksys market that crashed atm, almost every artist is noticing a very significant dip at the moment.  Even think Thierry Noir might go to zero.  (bait)

Don’t be so pretty sure…

[ubl]

Oct 17, 2024 13:55:57 GMT 1 Javier said:

Oct 17, 2024 12:11:47 GMT 1 ubl said:

GDP shipping was delayed for a year, then COA's were delayed for a year.  So most COA's were released in the last year.  I'm pretty sure everyone has them now, hence the influx of prints on the market.  Mainly smaller galleries are listing it, who require the COA.

Lets be honest its not just Banksys market that crashed atm, almost every artist is noticing a very significant dip at the moment.  Even think Thierry Noir might go to zero.  (bait)

Don’t be so pretty sure…

Are you saying you are waiting for your GDP COA?

[Javier]

Oct 17, 2024 14:56:09 GMT 1 ubl said:

Oct 17, 2024 13:55:57 GMT 1 Javier said:

Don’t be so pretty sure…

Are you saying you are waiting for your GDP COA?

Correct

[ubl]

Oct 17, 2024 17:22:42 GMT 1 Javier said:

Oct 17, 2024 14:56:09 GMT 1 ubl said:

Are you saying you are waiting for your GDP COA?

Correct

Sorry to hear, hope they sort it quickly, are they being the usual non-responsive?

[Daniel Silk]

https://www.instagram.com/p/DCHcRUGo5di