irl1
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December 2017
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Phillips Art Auctions • New York, Hong Kong & London, by irl1 on May 29, 2020 19:48:12 GMT 1, I'm quoting what the main two B dealers (IMO) in the World have told me. More and more OG's going that way. Dont forget the buying and selling on this Forum equates for about 0.05% of the B Market which is the square route of nothing... never forget this ! it might be the square root of fck all but great if you wwnt to buy a sticker or 10. He wants to stick them on his golf balls, easier to find in the bush
I'm quoting what the main two B dealers (IMO) in the World have told me. More and more OG's going that way. Dont forget the buying and selling on this Forum equates for about 0.05% of the B Market which is the square route of nothing... never forget this ! it might be the square root of fck all but great if you wwnt to buy a sticker or 10. He wants to stick them on his golf balls, easier to find in the bush
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acaipride
New Member
Posts • 906
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April 2020
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Phillips Art Auctions • New York, Hong Kong & London, by acaipride on May 29, 2020 19:59:19 GMT 1, what are your sources for this info? Common knowledge bruv. There are some younger, foreign-educated ballers who collect western art, and an increasing number of them, but at their bracket of wealth prints are not even on their radar. If you don't believe me speak to anyone who works at a top-tier auction house and deals with eastern clients. There are lots of articles available on the subject too, mostly about the insane peices that antiques, like tea cups and vases, can fetch.
My employer is one of them, chinese national who runs a family trust invested in sushi restaurants in north eastern usa,so I have a bit of insight into your opinion. He is very much into the hip hop urban art scene..overall the consensus is that it is a buyers market and will be for the forseeable future
what are your sources for this info? Common knowledge bruv. There are some younger, foreign-educated ballers who collect western art, and an increasing number of them, but at their bracket of wealth prints are not even on their radar. If you don't believe me speak to anyone who works at a top-tier auction house and deals with eastern clients. There are lots of articles available on the subject too, mostly about the insane peices that antiques, like tea cups and vases, can fetch. My employer is one of them, chinese national who runs a family trust invested in sushi restaurants in north eastern usa,so I have a bit of insight into your opinion. He is very much into the hip hop urban art scene..overall the consensus is that it is a buyers market and will be for the forseeable future
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Poster Bob
Junior Member
Posts • 5,872
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September 2013
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Phillips Art Auctions • New York, Hong Kong & London, by Poster Bob on May 29, 2020 20:02:16 GMT 1, Yes, that's how you contradict general, observable truths, with a single anecdote.
Common knowledge bruv. There are some younger, foreign-educated ballers who collect western art, and an increasing number of them, but at their bracket of wealth prints are not even on their radar. If you don't believe me speak to anyone who works at a top-tier auction house and deals with eastern clients. There are lots of articles available on the subject too, mostly about the insane peices that antiques, like tea cups and vases, can fetch. My employer is one of them, chinese national who runs a family trust invested in sushi restaurants in north eastern usa,so I have a bit of insight into your opinion. He is very much into the hip hop urban art scene..overall the consensus is that it is a buyers market and will be for the forseeable future
Yes, that's how you contradict general, observable truths, with a single anecdote. Common knowledge bruv. There are some younger, foreign-educated ballers who collect western art, and an increasing number of them, but at their bracket of wealth prints are not even on their radar. If you don't believe me speak to anyone who works at a top-tier auction house and deals with eastern clients. There are lots of articles available on the subject too, mostly about the insane peices that antiques, like tea cups and vases, can fetch. My employer is one of them, chinese national who runs a family trust invested in sushi restaurants in north eastern usa,so I have a bit of insight into your opinion. He is very much into the hip hop urban art scene..overall the consensus is that it is a buyers market and will be for the forseeable future
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acaipride
New Member
Posts • 906
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April 2020
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Phillips Art Auctions • New York, Hong Kong & London, by acaipride on May 29, 2020 20:04:52 GMT 1, Yes, that's how you contradict general, observable truths, with a single anecdote. My employer is one of them, chinese national who runs a family trust invested in sushi restaurants in north eastern usa,so I have a bit of insight into your opinion. He is very much into the hip hop urban art scene..overall the consensus is that it is a buyers market and will be for the forseeable future
It is an anecdote with as much backing as yours. All opinions, based on different perspectives, with no numerical data to back them up, just social hear say
Yes, that's how you contradict general, observable truths, with a single anecdote. My employer is one of them, chinese national who runs a family trust invested in sushi restaurants in north eastern usa,so I have a bit of insight into your opinion. He is very much into the hip hop urban art scene..overall the consensus is that it is a buyers market and will be for the forseeable future It is an anecdote with as much backing as yours. All opinions, based on different perspectives, with no numerical data to back them up, just social hear say
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irl1
Full Member
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December 2017
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Phillips Art Auctions • New York, Hong Kong & London, by irl1 on May 29, 2020 21:17:17 GMT 1, Hong Kong is not the Asian market. Anyone who knows anything about ethnically Chinese collectors, and they are the majority of the Asian market given the number of them and their wealth, knows that they stay far away from contemporary. It's always the same finite pool of highly-regarded older pieces and cultural artifacts being pursued by an ever-increasing number of wealthy elites. You can see a few exceptions here and there, Invader perhaps being noteworthy, but in general, they could care less. Yes they like to bring their rare older pieces home and you would find it hard to outbid them.
On another note, there are many many young collectors who buy contemporary art. Also a lot of Haring originals are heading that way never to be seen again.
Hong Kong is not the Asian market. Anyone who knows anything about ethnically Chinese collectors, and they are the majority of the Asian market given the number of them and their wealth, knows that they stay far away from contemporary. It's always the same finite pool of highly-regarded older pieces and cultural artifacts being pursued by an ever-increasing number of wealthy elites. You can see a few exceptions here and there, Invader perhaps being noteworthy, but in general, they could care less. Yes they like to bring their rare older pieces home and you would find it hard to outbid them. On another note, there are many many young collectors who buy contemporary art. Also a lot of Haring originals are heading that way never to be seen again.
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LJCal
Junior Member
Posts • 2,933
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December 2019
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Phillips Art Auctions • New York, Hong Kong & London, by LJCal on May 29, 2020 22:07:48 GMT 1, You can’t make general observations about “eastern markets, there are numerous markets all quite different. The Japanese have been buying contemporary art for generations and it’s not just the super wealthy buying, there are a lot of middle class buyers who will buy prints. China’s market is obviously not as advanced when it comes to western art and it is mostly high net worth buyers looking for ogs, saying that there is a growing middle class and the younger buyers are starting to show up at auctions for editions. Hong Kong is quite different to main land China and has a very mature contemporary art market, as you can see from the Phillips results.
You can’t make general observations about “eastern markets, there are numerous markets all quite different. The Japanese have been buying contemporary art for generations and it’s not just the super wealthy buying, there are a lot of middle class buyers who will buy prints. China’s market is obviously not as advanced when it comes to western art and it is mostly high net worth buyers looking for ogs, saying that there is a growing middle class and the younger buyers are starting to show up at auctions for editions. Hong Kong is quite different to main land China and has a very mature contemporary art market, as you can see from the Phillips results.
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Poster Bob
Junior Member
Posts • 5,872
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September 2013
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Phillips Art Auctions • New York, Hong Kong & London, by Poster Bob on May 29, 2020 22:08:10 GMT 1, Hong Kong is not the Asian market. Anyone who knows anything about ethnically Chinese collectors, and they are the majority of the Asian market given the number of them and their wealth, knows that they stay far away from contemporary. It's always the same finite pool of highly-regarded older pieces and cultural artifacts being pursued by an ever-increasing number of wealthy elites. You can see a few exceptions here and there, Invader perhaps being noteworthy, but in general, they could care less. Yes they like to bring their rare older pieces home and you would find it hard to outbid them. On another note, there are many many young collectors who buy contemporary art. Also a lot of Haring originals are heading that way never to be seen again. If that Tate exhibit had been held in London his market would have gone through the roof
Hong Kong is not the Asian market. Anyone who knows anything about ethnically Chinese collectors, and they are the majority of the Asian market given the number of them and their wealth, knows that they stay far away from contemporary. It's always the same finite pool of highly-regarded older pieces and cultural artifacts being pursued by an ever-increasing number of wealthy elites. You can see a few exceptions here and there, Invader perhaps being noteworthy, but in general, they could care less. Yes they like to bring their rare older pieces home and you would find it hard to outbid them. On another note, there are many many young collectors who buy contemporary art. Also a lot of Haring originals are heading that way never to be seen again. If that Tate exhibit had been held in London his market would have gone through the roof
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irl1
Full Member
Posts • 9,274
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December 2017
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Phillips Art Auctions • New York, Hong Kong & London, by irl1 on May 29, 2020 22:15:42 GMT 1, Yes they like to bring their rare older pieces home and you would find it hard to outbid them. On another note, there are many many young collectors who buy contemporary art. Also a lot of Haring originals are heading that way never to be seen again. If that Tate exhibit had been held in London his market would have gone through the roof I'd say Angel Ortiz is sick it never went ahead
Yes they like to bring their rare older pieces home and you would find it hard to outbid them. On another note, there are many many young collectors who buy contemporary art. Also a lot of Haring originals are heading that way never to be seen again. If that Tate exhibit had been held in London his market would have gone through the roof I'd say Angel Ortiz is sick it never went ahead
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kfroms
Junior Member
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October 2011
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Phillips Art Auctions • New York, Hong Kong & London, by kfroms on May 30, 2020 11:38:58 GMT 1, The results are now up: www.phillips.com/auctions/auction/HK090120
& Posterbob is right.
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Pawel
Junior Member
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June 2015
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Phillips Art Auctions • New York, Hong Kong & London, by Pawel on May 30, 2020 12:05:47 GMT 1, Posterbob is always right, you just need to filter out the posts when he's in a playful mood.
Posterbob is always right, you just need to filter out the posts when he's in a playful mood.
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Poster Bob
Junior Member
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September 2013
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Phillips Art Auctions • New York, Hong Kong & London, by Poster Bob on May 30, 2020 12:49:06 GMT 1, You definitely need to get a job at Christie's. They need your knowledge. You know a single guy so that refutes every single art expert specializing in the Asian market and all their years of experience. Thanks for the insight.
Yes, that's how you contradict general, observable truths, with a single anecdote. It is an anecdote with as much backing as yours. All opinions, based on different perspectives, with no numerical data to back them up, just social hear say
You definitely need to get a job at Christie's. They need your knowledge. You know a single guy so that refutes every single art expert specializing in the Asian market and all their years of experience. Thanks for the insight. Yes, that's how you contradict general, observable truths, with a single anecdote. It is an anecdote with as much backing as yours. All opinions, based on different perspectives, with no numerical data to back them up, just social hear say
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acaipride
New Member
Posts • 906
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April 2020
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Phillips Art Auctions • New York, Hong Kong & London, by acaipride on May 30, 2020 14:44:22 GMT 1, You definitely need to get a job at Christie's. They need your knowledge. You know a single guy so that refutes every single art expert specializing in the Asian market and all their years of experience. Thanks for the insight. It is an anecdote with as much backing as yours. All opinions, based on different perspectives, with no numerical data to back them up, just social hear say
lol. petty, bruv.
You definitely need to get a job at Christie's. They need your knowledge. You know a single guy so that refutes every single art expert specializing in the Asian market and all their years of experience. Thanks for the insight. It is an anecdote with as much backing as yours. All opinions, based on different perspectives, with no numerical data to back them up, just social hear say lol. petty, bruv.
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Sundowner
Junior Member
Posts • 4,227
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September 2008
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Phillips Art Auctions • New York, Hong Kong & London, by Sundowner on Jun 20, 2020 14:19:50 GMT 1, This piece didn't sell in the 'Banksy: Who's Laughing Now' selling show in Hong Kong in November 2018, nor in the 'Ten Monkeys and a Dolphin' selling show of Banksy & Kaws work that Phillips did earlier this year.
I'm quite surprised the seller hasn't gone to Sothebys or Christies to sell a work like this (rather than with Phillips for a third time), although if it hits its top estimate this time that will be £2.7m with fees....
This piece didn't sell in the 'Banksy: Who's Laughing Now' selling show in Hong Kong in November 2018, nor in the 'Ten Monkeys and a Dolphin' selling show of Banksy & Kaws work that Phillips did earlier this year. I'm quite surprised the seller hasn't gone to Sothebys or Christies to sell a work like this (rather than with Phillips for a third time), although if it hits its top estimate this time that will be £2.7m with fees....
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Art!
New Member
Posts • 430
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October 2016
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Phillips Art Auctions • New York, Hong Kong & London, by Art! on Jun 26, 2020 19:38:14 GMT 1, Does anyone know if you pay sales tax at the time of sale or do you just account for it on your taxes? US based but not in NY.
Does anyone know if you pay sales tax at the time of sale or do you just account for it on your taxes? US based but not in NY.
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als33
New Member
Posts • 70
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March 2011
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Phillips Art Auctions • New York, Hong Kong & London, by als33 on Jun 26, 2020 20:02:34 GMT 1, Does anyone know if you pay sales tax at the time of sale or do you just account for it on your taxes? US based but not in NY. If you pick it up there, you'd have to pay NY sales tax - if they ship it to you, you don't pay tax at the time, but would have to pay your state's use tax (if it has one) when you file your taxes.
I did read an article a few years back about a workaround. If an item is shipped to a state and stays there for 90 days, that's considered to be it's state-of record, for lack of a better term, so buyers of museum-level works would arrange to have it lent to a museum in a tax-free state like Delaware and shipped directly from the auction house to the museum - after 90 days (or however long the loan was for) , the museum would ship it to their home and they wouldn't owe any taxes oin it
Does anyone know if you pay sales tax at the time of sale or do you just account for it on your taxes? US based but not in NY. If you pick it up there, you'd have to pay NY sales tax - if they ship it to you, you don't pay tax at the time, but would have to pay your state's use tax (if it has one) when you file your taxes. I did read an article a few years back about a workaround. If an item is shipped to a state and stays there for 90 days, that's considered to be it's state-of record, for lack of a better term, so buyers of museum-level works would arrange to have it lent to a museum in a tax-free state like Delaware and shipped directly from the auction house to the museum - after 90 days (or however long the loan was for) , the museum would ship it to their home and they wouldn't owe any taxes oin it
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nobokov
Junior Member
Posts • 4,939
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February 2016
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Phillips Art Auctions • New York, Hong Kong & London, by nobokov on Jun 26, 2020 20:07:41 GMT 1, Geez, I hope that they don't smear the wet paint on these during shipping.
Geez, I hope that they don't smear the wet paint on these during shipping.
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Art!
New Member
Posts • 430
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October 2016
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Phillips Art Auctions • New York, Hong Kong & London, by Art! on Jun 26, 2020 20:17:40 GMT 1, Does anyone know if you pay sales tax at the time of sale or do you just account for it on your taxes? US based but not in NY. If you pick it up there, you'd have to pay NY sales tax - if they ship it to you, you don't pay tax at the time, but would have to pay your state's use tax (if it has one) when you file your taxes. I did read an article a few years back about a workaround. If an item is shipped to a state and stays there for 90 days, that's considered to be it's state-of record, for lack of a better term, so buyers of museum-level works would arrange to have it lent to a museum in a tax-free state like Delaware and shipped directly from the auction house to the museum - after 90 days (or however long the loan was for) , the museum would ship it to their home and they wouldn't owe any taxes oin it Got it, thanks!
I need to find that article you mentioned, it definitely sounds interesting if it still applies.
Does anyone know if you pay sales tax at the time of sale or do you just account for it on your taxes? US based but not in NY. If you pick it up there, you'd have to pay NY sales tax - if they ship it to you, you don't pay tax at the time, but would have to pay your state's use tax (if it has one) when you file your taxes. I did read an article a few years back about a workaround. If an item is shipped to a state and stays there for 90 days, that's considered to be it's state-of record, for lack of a better term, so buyers of museum-level works would arrange to have it lent to a museum in a tax-free state like Delaware and shipped directly from the auction house to the museum - after 90 days (or however long the loan was for) , the museum would ship it to their home and they wouldn't owe any taxes oin it Got it, thanks! I need to find that article you mentioned, it definitely sounds interesting if it still applies.
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kfroms
Junior Member
Posts • 1,752
Likes • 2,679
October 2011
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Phillips Art Auctions • New York, Hong Kong & London, by kfroms on Jun 26, 2020 20:28:20 GMT 1, Really strange that Phillips is trying to sell this for a third time in short sequence. Usually, burnt works tend to disappear for a while or are shopped around in private sales.
Sothebys or Christies wouldn't touch this so close to having sold twice.
Curious to see what happens this time.
Really strange that Phillips is trying to sell this for a third time in short sequence. Usually, burnt works tend to disappear for a while or are shopped around in private sales.
Sothebys or Christies wouldn't touch this so close to having sold twice.
Curious to see what happens this time.
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JJN
New Member
Posts • 157
Likes • 69
April 2017
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Phillips Art Auctions • New York, Hong Kong & London, by JJN on Jun 27, 2020 6:08:37 GMT 1, This piece didn't sell in the 'Banksy: Who's Laughing Now' selling show in Hong Kong in November 2018, nor in the 'Ten Monkeys and a Dolphin' selling show of Banksy & Kaws work that Phillips did earlier this year. I'm quite surprised the seller hasn't gone to Sothebys or Christies to sell a work like this (rather than with Phillips for a third time), although if it hits its top estimate this time that will be £2.7m with fees.... I think a lot of people here know who seller is, guess he has special relationship with Philips, the did do a worl d tour for him where he was able to Sell quite few ieces at prices some might find high, although now dont seem so expensive.
This piece didn't sell in the 'Banksy: Who's Laughing Now' selling show in Hong Kong in November 2018, nor in the 'Ten Monkeys and a Dolphin' selling show of Banksy & Kaws work that Phillips did earlier this year. I'm quite surprised the seller hasn't gone to Sothebys or Christies to sell a work like this (rather than with Phillips for a third time), although if it hits its top estimate this time that will be £2.7m with fees.... I think a lot of people here know who seller is, guess he has special relationship with Philips, the did do a worl d tour for him where he was able to Sell quite few ieces at prices some might find high, although now dont seem so expensive.
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mission
New Member
Posts • 277
Likes • 394
November 2019
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Phillips Art Auctions • New York, Hong Kong & London, by mission on Jun 28, 2020 9:11:19 GMT 1, This has a very large guarantee on it
This has a very large guarantee on it
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JJN
New Member
Posts • 157
Likes • 69
April 2017
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Phillips Art Auctions • New York, Hong Kong & London, by JJN on Jul 27, 2020 6:29:49 GMT 1, Wow
Wow
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Knowss
New Member
Posts • 369
Likes • 316
November 2019
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Phillips Art Auctions • New York, Hong Kong & London, by Knowss on Jul 27, 2020 6:44:15 GMT 1, Those estimates are all over the place
Those estimates are all over the place
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irl1
Full Member
Posts • 9,274
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December 2017
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Phillips Art Auctions • New York, Hong Kong & London, by irl1 on Jul 27, 2020 8:04:33 GMT 1, Includes fees
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tlaa2020
New Member
Posts • 298
Likes • 27
January 2020
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Winter
Junior Member
Posts • 7,153
Likes • 4,455
March 2007
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Phillips Art Auctions • New York, Hong Kong & London, by Winter on Aug 9, 2020 16:36:42 GMT 1, Also some seriously low level works for an actual sale. Don’t think I’ve seen Phillips offering so many works at that level before.
Also some seriously low level works for an actual sale. Don’t think I’ve seen Phillips offering so many works at that level before.
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medichead
New Member
Posts • 575
Likes • 578
January 2017
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Phillips Art Auctions • New York, Hong Kong & London, by medichead on Aug 9, 2020 16:45:13 GMT 1, A handful of nice prints and a load of extremely boring lots.
Feel sorry for the auctioneers having to stay awake for this one...
A handful of nice prints and a load of extremely boring lots.
Feel sorry for the auctioneers having to stay awake for this one...
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john1539
New Member
Posts • 771
Likes • 123
May 2009
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Phillips Art Auctions • New York, Hong Kong & London, by john1539 on Aug 10, 2020 10:09:14 GMT 1, Hi, Indeed nice pieces in this sale. I like the editions by Julian Opie, the sculpture Telephone for example.
Hi, Indeed nice pieces in this sale. I like the editions by Julian Opie, the sculpture Telephone for example.
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dawnaroo
New Member
Posts • 4
Likes • 1
August 2020
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Phillips Art Auctions • New York, Hong Kong & London, by dawnaroo on Aug 16, 2020 23:33:50 GMT 1, I was a bidder in that auction in real time. It sold for $40,000. It was the single biggest regret I've had thus far, as the next bid was $42k and I got a call on my phone and missed the hammer! If anyone knows where I can find one of the other 49 that exist, please let me know. :-)
I was a bidder in that auction in real time. It sold for $40,000. It was the single biggest regret I've had thus far, as the next bid was $42k and I got a call on my phone and missed the hammer! If anyone knows where I can find one of the other 49 that exist, please let me know. :-)
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