Banksy Prices Up or Down?

[hlarmy]

A few things I've heard recently suggests otherwise, I wouldn't read too much into that wall, ill-informed dealers and stupid, greedy owners!

[Pistol]

POP!!!!!

[xmyart]

dont know if its a burst bubble but it looks to me like the prices are going down. Ive only been looking for maybe 2-3 months so not got that much to go on. Not sure if its a bubble or just people worrying about a double dip recession.

There seem to be a lot of high priced/value prints and originals available at the moment. But is it people needing cash or getting out based on where they see prices going. i dont know, but will hopefully get to buy my first Banksy at a low price and will be able to sweep up a few of them for my walls!!

[nathzz]

i was surprised at the cheaply priced buy it now on a queen vic on ebay, after being offered one on here for alot more....

[des77]

Laugh now went for under 2k a few days ago too

[craigf]

Yawn, so who cares anyway if you like it and can afford it buy it

[saint]

worst. thread. ever.

[nathzz]

there are many other artists that offer visual satisfaction at a greatly reduced price, so anyone who buys a banksy for thousands of pounds must be kidding themselves if they dont think investment plays a part in it.

[stickitup]

we need a market value graph function on here - would cut down all the price check threads

[achtungbono]

Buy what you can afford to spend without killing yourself and write off the cost mentally as soon as its up on the wall. Go for an image you enjoy and not because of hype - eg the CYW absurdity on here at the minute. If you are looking at longer term & possibly a return, then go for Iconic early banksy with a bit of humour and sly sedition attached to it . Be wary of this forum as a sounding ground , as many on here have an agenda ( me included )

Given the mini bubble of recent ( rather crap ) Banksy prints, you will get much more for your money if you go back to Bethelehem/ LA or earlier.

print collectors with a large stash of banksy and an eye on prices seem to be dumping & changing the structure of their art portfolio at the minute - a couple of more expensive iconic pieces seems to be a better punt than 8 poor images ( signed or not )

and

put it up, forget about what you paid & enjoy the image

[wizzy]

Thats good that ^, all the advice you need really.
Ta.

[des77]

Jun 1, 2011 10:41:00 GMT 1 stickitup said:

we need a market value graph function on here - would cut down all the price check threads

its called expressobeans

[rinaceirde]

white rain nola currently on e bay at £4100 with 4 days left???

cgi.ebay.co.uk/banksy-signed-nola-coa-/230626427903?_trksid=p5197.m7&_trkparms=algo%3DLVI%26itu%3DUCI%26otn%3D3%26po%3DLVI%26ps%3D63%26clkid%3D336616413993440938#ht_14278wt_1139

[Goooogle Male]

official transcript of deal Jeff's 'live chat' after the show last night. Shows the 2 guys seriously screwed up by turning down the £240k....

Four Rooms - Channel 4 Twitter: @feebsness asked... Hi Jeff, have you got any plans to contact the Banksy dealers and make another offer??

Four Rooms - Channel 4 Jeff says... @feebsness The Banksy boys tried to contact me, but i told them where to get off

[nathzz]

those guys were canny greedy like! an 800% profit..... ouch!

[daveart]

lets say Banksy prices are headed for a fall. you smartly sell everything you own at the top. ok... now you have a bunch of blank walls and a pile of cash. that's fun. so eventually you realized you bought the art to begin with to fill your office/home/whatever with cool stuff. so, the question would be .. what do you buy next if you sell your Banksy prints. are you going to guy buy some cheap Ikea art to fill those walls and sit around patting yourself on the back for all the cash you made selling at the right time? yawn. your friends will tire over that story pretty quickly.. so who do you buy if you sell Banksy?

[rperry]

Well said Dave. Art is for the heart not the pocket....

That said, with no Banksy on my wall, I certainly hope there is a mini bubble burst to buy an affordable signed print. I have resisted the unsigned route.

[mmmike]

Jun 1, 2011 14:15:06 GMT 1 daveart said:

lets say Banksy prices are headed for a fall. you smartly sell everything you own at the top. ok... now you have a bunch of blank walls and a pile of cash. that's fun. so eventually you realized you bought the art to begin with to fill your office/home/whatever with cool stuff. so, the question would be .. what do you buy next if you sell your Banksy prints. are you going to guy buy some cheap Ikea art to fill those walls and sit around patting yourself on the back for all the cash you made selling at the right time? yawn. your friends will tire over that story pretty quickly.. so who do you buy if you sell Banksy?

How about cheap reproduction Banksy canvas from ebay? If you really like the art not just the value that should do just fine and you would have lots more cash.

[bazzj04]

Jun 1, 2011 15:35:47 GMT 1 mmmike said:

Jun 1, 2011 14:15:06 GMT 1 daveart said:

lets say Banksy prices are headed for a fall. you smartly sell everything you own at the top. ok... now you have a bunch of blank walls and a pile of cash. that's fun. so eventually you realized you bought the art to begin with to fill your office/home/whatever with cool stuff. so, the question would be .. what do you buy next if you sell your Banksy prints. are you going to guy buy some cheap Ikea art to fill those walls and sit around patting yourself on the back for all the cash you made selling at the right time? yawn. your friends will tire over that story pretty quickly.. so who do you buy if you sell Banksy?

How about cheap reproduction Banksy canvas from ebay? If you really like the art not just the value that should do just fine and you would have lots more cash.

But they are worth fook all, not a good talking point or status symbol is it ,

[maadbeats]

why is this in the for sale section?

[daveart]

"How about cheap reproduction Banksy canvas from ebay? If you really like the art not just the value that should do just fine and you would have lots more cash. "

--> well yah, and if you sold a couple signed ones you would still have funds for collection of fake rolex watches and a 427 ac cobra kit car with a vw engine under the hood.. if that's your thing.

[mmmike]

Jun 1, 2011 16:02:39 GMT 1 @bazzj04 said:

Jun 1, 2011 15:35:47 GMT 1 mmmike said:

How about cheap reproduction Banksy canvas from ebay? If you really like the art not just the value that should do just fine and you would have lots more cash.

But they are worth fook all, not a good talking point or status symbol is it ,

Yep it will only impress your cheap friends.

[mmmike]

Jun 1, 2011 16:36:26 GMT 1 daveart said:

"How about cheap reproduction Banksy canvas from ebay? If you really like the art not just the value that should do just fine and you would have lots more cash. "

--> well yah, and if you sold a couple signed ones you would still have funds for collection of fake rolex watches and a 427 ac cobra kit car with a vw engine under the hood.. if that's your thing.

If you are into buying rolex watches and sports cars you likely have bigger issues IMO

[bazzj04]

Jun 1, 2011 16:44:40 GMT 1 mmmike said:

Jun 1, 2011 16:02:39 GMT 1 @bazzj04 said:

But they are worth fook all, not a good talking point or status symbol is it ,

Yep it will only impress your cheap friends.

and who likes cheap friends

[chaserawr]

unless all you do is hang out with art collectors, nobody will probably know the different between a real and a fake.

[bazzj04]

Jun 1, 2011 17:14:50 GMT 1 chaserawr said:

unless all you do is hang out with art collectors, nobody will probably know the different between a real and a fake.

I always frame the reciet next to it

[illicey]

In the last 6 months Banksy' work has seemingly spiked in value. Prints at times are selling at 14k plus (most recent signed LITTA) whilst last night's charity event couped over 300k USD for (all be it) a very nice heavy weaponry on wood.  
In general prints seem to be changing hands in private sales at very high prices (Ebay / Forum) whilst we have also seen some crazy / consistent auction results with the most recent Bonhams auction selling 100% of their Banksy offering.

What is the reason for this spike in prices (both canvas and prints)
Do we think it is sustainable?
Any other comments?

[iamzero]

I was thinking the same recently, just when I've gotten to the point I could justify parting with a couple of grand for my first Banksy the prices have ran away with the fairies. I think possibly due to an influx of people investing in art for financial reasons. These people once had their money in stocks and shares, wine or gold but the easy money is this right now.

Annoying.

[Cornish Crayon]

Easy money ??

There is no such thing!!?



No worries

[iamzero]

I'd say easy money. CCA have just put the price of some Blakes up by a grand overnight. Beats working.