[toysrus]

Does anyone know what the GDP VIP prices were ? And if so would they list them ?

[Wanchope]

Don’t know but would think if they were VIPs they are prob not the tripe of peeps/clientele who would list the prices they paid ( all very cloak and dagger as per usual) !

[Jimini Cricket]

First rule of Banksy VIP club...

[Happy Shopper]

I think someone listed the prices on the original GDP thread... although whether those were real or not, who knows!?

[Francis]

500 pounds for prints

[JFCC]

The prices for GDP works varied depending on when they were offered to collectors as there were a number of different sales, so there was never one price list.

Aside from that, does it really matter? If you are looking to buy or sell GDP pieces when the COA's are received (after you have applied for them) the market will dictate the price.

[toysrus]

The reason I wanted to know was that one Valuer said my GDP piece ( toys) was difficult to value
It’s one of 15 and signed . The Valuer said they thought it was worth the same as the unsigned unlimited cushions ?
Anyway I’ve insured it for £40k

[bonkzo]

Nov 21, 2021 15:50:31 GMT 1 toysrus said:

The reason I wanted to know was that one Valuer said my GDP piece ( toys) was difficult to value
It’s one of 15 and signed . The Valuer said they thought it was worth the same as the unsigned unlimited cushions ?
Anyway I’ve insured it for £40k

I read here that the VIP price for the rat clock was £40-50k. So probably you'd want to insure it for an order of magnitude more...

[chefd]

A VIP informed me that there was tiered pricing in place, and that not all items were offered to all VIPs, so different people offered different pieces at different prices.

Some of those prices were very very low compared to what is currently being sold direct.

[Eastend Boy 13]

How does one become a Banksy VIP I wonder?!

[Jimini Cricket]

Well so goes the saying, 'If I told you, I'd have to kill you.'
Not a fan of committing a felony, so dm me your verified death certificate with current passport and valid driver's licence and I'll tell you.

[The Italian One]

Nov 22, 2021 14:49:36 GMT 1 @phlegyas said:

Nov 22, 2021 14:27:54 GMT 1 Eastend Boy 13 said:

How does one become a Banksy VIP I wonder?!

Buy early, when people are still banging on about it being just this, or just that, and saying the artist will never find any success in the art world “making this shit”.


They remember you loved their work when others were too busy shitting on their gig.

buying and not selling even if prices reached astronomic amount.

[soupy]

Nov 22, 2021 14:58:35 GMT 1 The Italian One said:

buying and not selling even if prices reached astronomic amount.

that's a tough standard to hold all people to.  at some point, life changing money for a home or other necessities certainly can trump the need for a piece of art.

[iamzero]

And just because you bought a bunch of £75 prints back in the early days it doesn’t necessarily mean you can afford a £40k clock now… unless you sell the early stuff. Catch 21 situation.

[ghostdog]

Nov 21, 2021 15:50:31 GMT 1 toysrus said:

The reason I wanted to know was that one Valuer said my GDP piece ( toys) was difficult to value
It’s one of 15 and signed . The Valuer said they thought it was worth the same as the unsigned unlimited cushions ?
Anyway I’ve insured it for £40k

Congrats on winning the toys

If you are insuring for replacement value - which you probably should,  in my view,  you will not be able to replace it at £40k.

I would ask your insurer what they would accept as a valuation (this varies from insurer to insurer) especially when there are few public benchmarks.  This may involve paying one of their preferred valuers to come up with an estimate,  which given the value of the work - I would also think worthwhile.

Otherwise there may be a potential issue down the line if you value it too high / too low.

[toysrus]

Thanks that sounds like good advice