Sotheby's Art Auctions • LONDON 🇬🇧

[esfer]

I am thinking the long term effects of this could hugely change/damage parts of the art market. I think it could include some currently emerging artists going completely away, and some with actual art careers may also take years to recover. Artists who’s pricing was WAY out of whack with their relative output and experience (Javier Calleja as example), might have difficulty maintaining the prices they have quickly rocketed up to in a very short period of time, then taking too long to correct their price point for global recession, thinking they can “wait it out”, using the proceeds of the windfall they received right before this disaster hit, to maintain their lifestyle over until the economy recovers. But if people don’t feel safe spending 5k for a heretofore unknown artist (non blue-chip) artist, those artists careers could suffer greatly, and might never actually recover. Those who do choose art to park their wealth into, will purchase well known bank(sy)able artists, rather than artists who seemed like a great “future” investment prior to the global recession that is sure to hit later this year. I guarantee you the IMF is shi¥¥ing their pants at how bad things are projected to be post Covid 19.

I think the reason people park their money into gold and precious metals is because they are easy to liquidate for the going rate that day....but there isn’t the same kind of globally agreed “going rate” in the art world, there is only the potential price and the actual price something sells for, which is based 100% on what a buyer is willing to pay.

Having said as much, for those with deep and steady pockets, there will soon be art available to buy, some at steep discounts.

I hope I am wrong!

[esfer]

Mar 23, 2020 15:14:36 GMT 1 Fast Eddie said:

Markets are expected to lose 40% relative to February's peak (this is GS forecast). The crisis in the US is at the start of a very steep ascent in the number of cases. US unemployment figures are going to be record-setting bad. Industrial production, probably the same, and not just for a quarter. At least two or three. To me it looks like, now it is not a time to take big risks if you do not absolutely have to.

Absolutely agreed.

[19818914]

Do not buy anything from the for sales threads.

[LJCal]

Mar 23, 2020 15:14:36 GMT 1 Fast Eddie said:

Markets are expected to lose 40% relative to February's peak (this is GS forecast). The crisis in the US is at the start of a very steep ascent in the number of cases. US unemployment figures are going to be record-setting bad. Industrial production, probably the same, and not just for a quarter. At least two or three. To me it looks like, now it is not a time to take big risks if you do not absolutely have to.

Or it’s exactly the time to be taking risks. It’s times like this that fortunes are made and lost, if you survive this and buy well over the coming months regardless of the market you’re in you can clean up. Not for everyone but the wealthiest people I know made their money during crisis. 

[LJCal]

Mar 23, 2020 11:17:51 GMT 1 lv90210 said:

Current levels what the buyer pays with 3 days to go. Anyone thinking of selling now, I'd hold off. Think we about to witness many new records being broken and another significant jump in the market.

US PULP £18,760 / $22,699
US LN £21,440 / $24,870
US MQ £12,730 / $14,766
US GR £14,740 / $17,098
US GS £11,390 / $13,781
US BL £14,740 / $17,098
US RC £16,080 / $19,456
CHOCH DONUTS £22,708 / $27,563
US Girl With Balloon £87,100 / $105,391
DI FACED TENNERS £24,120 / $29,185
SINGED LOVE RAT - £50,920 / $59,067
SINGED FC - £42,880 / $49,740
PINK Girl With Balloon AP -£402,000 / $466,320
GRIN REAPER - £29,480 / $34,196
WHITE NOLA - £60,300 / $69,948
SINGED APPLAUSE - £26,800 / $31,088
US FLAGS £9,380 / $10,880
SINGED CND £29,480 / $35,670
STRAW DONUTS - £22,780 / $26,424
US TM £10,050 / $11,658
US SE £13,400 / $15,544
US TROLLEYS £13,400 / $15,544
GOLD FLAGS £25,460 / $30,806
SIGNED GRANNIES £29,480 / $35,670
US MORONS £16,080 / $18,652

I do love your optimism, given I have a stack of prints on the block tomorrow I hope you’re right! Saying that the bids on the AP GWB do give me some confidence, I’m also surprised Grannies is doing so well so early.

[Deleted]

Mar 23, 2020 21:08:30 GMT 1 LJCal said:

Mar 23, 2020 11:17:51 GMT 1 lv90210 said:

Current levels what the buyer pays with 3 days to go. Anyone thinking of selling now, I'd hold off. Think we about to witness many new records being broken and another significant jump in the market.

US PULP £18,760 / $22,699
US LN £21,440 / $24,870
US MQ £12,730 / $14,766
US GR £14,740 / $17,098
US GS £11,390 / $13,781
US BL £14,740 / $17,098
US RC £16,080 / $19,456
CHOCH DONUTS £22,708 / $27,563
US Girl With Balloon £87,100 / $105,391
DI FACED TENNERS £24,120 / $29,185
SINGED LOVE RAT - £50,920 / $59,067
SINGED FC - £42,880 / $49,740
PINK Girl With Balloon AP -£402,000 / $466,320
GRIN REAPER - £29,480 / $34,196
WHITE NOLA - £60,300 / $69,948
SINGED APPLAUSE - £26,800 / $31,088
US FLAGS £9,380 / $10,880
SINGED CND £29,480 / $35,670
STRAW DONUTS - £22,780 / $26,424
US TM £10,050 / $11,658
US SE £13,400 / $15,544
US TROLLEYS £13,400 / $15,544
GOLD FLAGS £25,460 / $30,806
SIGNED GRANNIES £29,480 / $35,670
US MORONS £16,080 / $18,652

I do love your optimism, given I have a stack of prints on the block tomorrow I hope you’re right! Saying that the bids on the AP Girl With Balloon do give me some confidence, I’m also surprised Grannies is doing so well so early.

A stack. Baller alert!

[irl1]

Mar 23, 2020 11:26:17 GMT 1 lv90210 said:

Mar 23, 2020 11:19:15 GMT 1 Sundowner said:

That Nola is cheap - these are changing hands for £70k now....

Its not finished yet.....

Just as handy to put the link up with all the current bids 


www.sothebys.com/en/buy/auction/2020/banksy-online?locale=en

[LJCal]

Mar 23, 2020 21:15:32 GMT 1 @03wilkij said:

Mar 23, 2020 21:08:30 GMT 1 LJCal said:

I do love your optimism, given I have a stack of prints on the block tomorrow I hope you’re right! Saying that the bids on the AP Girl With Balloon do give me some confidence, I’m also surprised Grannies is doing so well so early.

A stack. Baller alert!

I wish, if they don’t sell I’ll pretty much be ball-less.

[rbrt]

I noticed in the description of the Di Faced Tenners it states ‘Property from an important private collection’. Has anyone here asked Sotheby’s about that? Or does it mean someone famous is selling it?

[LJCal]

Mar 24, 2020 0:17:03 GMT 1 rbrt said:

I noticed in the description of the Di Faced Tenners it states ‘Property from an important private collection’. Has anyone here asked Sotheby’s about that? Or does it mean someone famous is selling it?

Probably although I’m sure they have a broad definition of important. Could be as important as the runner up of the 6th series of big brother. 

[lv90210]

Mar 23, 2020 21:08:30 GMT 1 LJCal said:

Mar 23, 2020 11:17:51 GMT 1 lv90210 said:

Current levels what the buyer pays with 3 days to go. Anyone thinking of selling now, I'd hold off. Think we about to witness many new records being broken and another significant jump in the market.

US PULP £18,760 / $22,699
US LN £21,440 / $24,870
US MQ £12,730 / $14,766
US GR £14,740 / $17,098
US GS £11,390 / $13,781
US BL £14,740 / $17,098
US RC £16,080 / $19,456
CHOCH DONUTS £22,708 / $27,563
US Girl With Balloon £87,100 / $105,391
DI FACED TENNERS £24,120 / $29,185
SINGED LOVE RAT - £50,920 / $59,067
SINGED FC - £42,880 / $49,740
PINK Girl With Balloon AP -£402,000 / $466,320
GRIN REAPER - £29,480 / $34,196
WHITE NOLA - £60,300 / $69,948
SINGED APPLAUSE - £26,800 / $31,088
US FLAGS £9,380 / $10,880
SINGED CND £29,480 / $35,670
STRAW DONUTS - £22,780 / $26,424
US TM £10,050 / $11,658
US SE £13,400 / $15,544
US TROLLEYS £13,400 / $15,544
GOLD FLAGS £25,460 / $30,806
SIGNED GRANNIES £29,480 / $35,670
US MORONS £16,080 / $18,652

I do love your optimism, given I have a stack of prints on the block tomorrow I hope you’re right! Saying that the bids on the AP Girl With Balloon do give me some confidence, I’m also surprised Grannies is doing so well so early.

Good luck, I would be surprised if they don’t do well.

[lv90210]

Mar 23, 2020 21:20:28 GMT 1 irl1 said:

Mar 23, 2020 11:26:17 GMT 1 lv90210 said:

Its not finished yet.....

Just as handy to put the link up with all the current bids 


www.sothebys.com/en/buy/auction/2020/banksy-online?locale=en

Thanks irl1

[lv90210]

I can’t be bothered to update now but there has been more movement, PF / RC and SE all gone up.

[irl1]

Mar 24, 2020 6:19:21 GMT 1 lv90210 said:

I can’t be bothered to update now but there has been more movement, PF / RC and SE all gone up.

The link gives all the latest prices no need to update it 


www.sothebys.com/en/buy/auction/2020/banksy-online?locale=en

[lv90210]

Sure, but not what the buyer is currently paying and thats the most important part.

[Wearology]

Mar 24, 2020 13:44:04 GMT 1 lv90210 said:

Sure, but not what the buyer is currently paying and thats the most important part.

Is SOTHErBY's the same as SOTHEBY's or is this the new BANsKY ?  

[lv90210]

Mar 24, 2020 16:18:34 GMT 1 Wearology said:

Mar 24, 2020 13:44:04 GMT 1 lv90210 said:

Sure, but not what the buyer is currently paying and thats the most important part.

Is SOTHErBY's the same as SOTHEBY's or is this the new BANsKY ?  

must of missed the memo.....

[singerstu]

Unless I read it wrong condition 11 allows the buyer to cancel the purchase within 14 days. I am not sure if that’s correct and I have not checked every lot but most lots say clause 11 does not apply. However the exclusion does not apply to lot 13. Not sure why that is but it feels a bit odd.

I am happy to be corrected if that’s not the case.

[moron]

Mar 23, 2020 21:03:11 GMT 1 LJCal said:

Mar 23, 2020 15:14:36 GMT 1 Fast Eddie said:

Markets are expected to lose 40% relative to February's peak (this is GS forecast). The crisis in the US is at the start of a very steep ascent in the number of cases. US unemployment figures are going to be record-setting bad. Industrial production, probably the same, and not just for a quarter. At least two or three. To me it looks like, now it is not a time to take big risks if you do not absolutely have to.

Or it’s exactly the time to be taking risks. It’s times like this that fortunes are made and lost, if you survive this and buy well over the coming months regardless of the market you’re in you can clean up. Not for everyone but the wealthiest people I know made their money during crisis. 

 Of course it helps if people are very wealthy during a crisis. People without much money are often desperate and end up under selling just to survive.

I'm sure there is no shortage of these financial vultures these days.

[moron]

Mar 24, 2020 0:17:03 GMT 1 rbrt said:

I noticed in the description of the Di Faced Tenners it states ‘Property from an important private collection’. Has anyone here asked Sotheby’s about that? Or does it mean someone famous is selling it?

 It's basically BS. They also use terms like property of a gentleman etc etc.

It often means there is little or no provenance.

[LJCal]

Mar 25, 2020 1:24:10 GMT 1 moron said:

Mar 23, 2020 21:03:11 GMT 1 LJCal said:

Or it’s exactly the time to be taking risks. It’s times like this that fortunes are made and lost, if you survive this and buy well over the coming months regardless of the market you’re in you can clean up. Not for everyone but the wealthiest people I know made their money during crisis. 

 Of course it helps if people are very wealthy during a crisis. People without much money are often desperate and end up under selling just to survive.

I'm sure there is no shortage of these financial vultures these days.

These vultures have been around forever

[lv90210]

Again some of these have ticked up over night, we’re going to see quite a few records broken here - anyone that wants to sell an US Barcode for 10k GBP, I can pay 15k GBP - thanks

[The Italian One]

Mar 25, 2020 7:18:53 GMT 1 lv90210 said:

Again some of these have ticked up over night, we’re going to see quite a few records broken here - anyone that wants to sell an US Barcode for 10k GBP, I can pay 15k GBP - thanks

forum auction did not go that well yesterday

[Lazarus II]

Mar 25, 2020 8:37:10 GMT 1 The Italian One said:

Mar 25, 2020 7:18:53 GMT 1 lv90210 said:

Again some of these have ticked up over night, we’re going to see quite a few records broken here - anyone that wants to sell an US Barcode for 10k GBP, I can pay 15k GBP - thanks

forum auction did not go that well yesterday

£33.5k for an unsigned LIITA, maybe the seller was hoping for £34k...

[lv90210]

Apart from the two passes, it did great...... Some solid numbers in there and some BIG numbers in there.

[The Italian One]

Mar 25, 2020 8:46:08 GMT 1 lv90210 said:

Apart from the two passes, it did great...... Some solid numbers in there and some BIG numbers in there.

if the value holds during this unrealistic time, once corona virus will be over value will skyrocket.
and i think all big collector are watching more than ever those auction result.

[lv90210]

Sod it, i'll do the last update before the real action happens tomorrow. What the buyer pays.

US PULP £21,440 / $25,299
US LN £24,120 / $27,979
US MQ £12,730 / $14,766
US GR £16,080 / $18,974
US GS £11,390 / $13,781
US BL £26,800 / $31,624
US RC £20,100 / $23,718
CHOCH DONUTS £24,120 / $28,461
US Girl With Balloon £87,100 / $105,391
DI FACED TENNERS £25,460 / $30,042
SINGED LOVE RAT - £50,920 / $59,342
SINGED FC - £42,880 / $49,740
PINK Girl With Balloon AP -£402,000 / $466,320
GRIN REAPER - £29,480 / $34,196
WHITE NOLA - £60,300 / $69,948
SINGED APPLAUSE - £26,800 / $31,088
US FLAGS £10,050 / $11,859
SINGED CND £29,480 / $35,670
STRAW DONUTS - £24,120 / $28,461
US TM £10,050 / $11,859
US SE £17,420 / $20,555
US TROLLEYS £13,400 / $15,544
GOLD FLAGS £25,460 / $30,806
SIGNED GRANNIES £29,480 / $35,670
US MORONS £20,100 / $23,718

[Unica]

Mar 25, 2020 9:10:03 GMT 1 lv90210 said:

Sod it, i'll do the last update before the real action happens tomorrow. What the buyer pays.

US PULP £21,440 / $25,299
US LN £24,120 / $27,979
US MQ £12,730 / $14,766
US GR £16,080 / $18,974
US GS £11,390 / $13,781
US BL £26,800 / $31,624
US RC £20,100 / $23,718
CHOCH DONUTS £24,120 / $28,461
US Girl With Balloon £87,100 / $105,391
DI FACED TENNERS £25,460 / $30,042
SINGED LOVE RAT - £50,920 / $59,342
SINGED FC - £42,880 / $49,740
PINK Girl With Balloon AP -£402,000 / $466,320
GRIN REAPER - £29,480 / $34,196
WHITE NOLA - £60,300 / $69,948
SINGED APPLAUSE - £26,800 / $31,088
US FLAGS £10,050 / $11,859
SINGED CND £29,480 / $35,670
STRAW DONUTS - £24,120 / $28,461
US TM £10,050 / $11,859
US SE £17,420 / $20,555
US TROLLEYS £13,400 / $15,544
GOLD FLAGS £25,460 / $30,806
SIGNED GRANNIES £29,480 / $35,670
US MORONS £20,100 / $23,718

Thanks for this, prices are strong.  I expect there will be a bounce tomorrow on all the lots when the serious buyers jump in.

[kfroms]

Mar 25, 2020 0:52:46 GMT 1 singerstu said:

Unless I read it wrong condition 11 allows the buyer to cancel the purchase within 14 days. I am not sure if that’s correct and I have not checked every lot but most lots say clause 11 does not apply. However the exclusion does not apply to lot 13. Not sure why that is but it feels a bit odd.

I am happy to be corrected if that’s not the case.

You are right - it is statutory right to cancel any online purchase within 14 days, no 'reason' needed.
So you can drive prices up, win the item, and then cancel.

Market manipulation at its best as the gullible ones are happy to believe all auction results.

[kfroms]

Not sure but given that any 'cancellation' of the sale would happen several days after the actual sale I assume that most have accepted the quoted price as 'true'.