orchid
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Art as an investment , by orchid on Sept 6, 2022 14:54:15 GMT 1, Urban art has been a dying sector for a long time. In terms of contemporary/fine art, we are seeing the big 'at cost ' sell off just in the sale section online and various people getting rid of their hirsts, shrigleys etc via the usual brokers, what with the looming recession, inflation crisis caused by the Russian war and the high levels of borrowing after the pandemic primarily.
Urban art has been a dying sector for a long time. In terms of contemporary/fine art, we are seeing the big 'at cost ' sell off just in the sale section online and various people getting rid of their hirsts, shrigleys etc via the usual brokers, what with the looming recession, inflation crisis caused by the Russian war and the high levels of borrowing after the pandemic primarily.
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High Contrast
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Art as an investment , by High Contrast on Sept 6, 2022 15:07:40 GMT 1, Urban art has been a dying sector for a long time. In terms of contemporary/fine art, we are seeing the big 'at cost ' sell off just in the sale section online and various people getting rid of their hirsts, shrigleys etc via the usual brokers, what with the looming recession, inflation crisis caused by the Russian war and the high levels of borrowing after the pandemic primarily.
will be a fight to get rid of cash.
Art market will be just fine.
just in a cycle.
hard to explain when you sold your Banksy works before the massive rise in 2020 and have been bearish ever since
Urban art has been a dying sector for a long time. In terms of contemporary/fine art, we are seeing the big 'at cost ' sell off just in the sale section online and various people getting rid of their hirsts, shrigleys etc via the usual brokers, what with the looming recession, inflation crisis caused by the Russian war and the high levels of borrowing after the pandemic primarily. Hard assets will rally - will be a fight to get rid of cash. Art market will be just fine. just in a cycle. hard to explain when you sold your Banksy works before the massive rise in 2020 and have been bearish ever since |
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Art as an investment , by Sunny Garcia on Sept 6, 2022 22:24:11 GMT 1, The art world (that I'm following anyways) is strong as ever. Massive queues to get access to anything I want. Repeatedly being told "nothing available"...great times 😂
The art world (that I'm following anyways) is strong as ever. Massive queues to get access to anything I want. Repeatedly being told "nothing available"...great times 😂
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orchid
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Art as an investment , by orchid on Sept 6, 2022 22:35:55 GMT 1, A good indication will be the forthcoming a/w contemporary auctions from the big 3. At the moment there's a lot of paper hands. Banksy prints for example have been overpriced for many years.
A good indication will be the forthcoming a/w contemporary auctions from the big 3. At the moment there's a lot of paper hands. Banksy prints for example have been overpriced for many years.
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Pafori
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Art as an investment , by Pafori on Sept 7, 2022 0:44:02 GMT 1, A good indication will be the forthcoming a/w contemporary auctions from the big 3. At the moment there's a lot of paper hands. Banksy prints for example have been overpriced for many years.
Supply of Banksy prints is stagnant (i.e., he's not producing any prints these day) and his work remains very popular. Most can't get access nor afford his originals.
In economics, when you have fixed supply and increasing demand, prices rise. Of course, we're in a worldwide economic downturn that is causing most assets to fall in value. The downturn will end at some point. Won't Banksy prints then rise again?
Perhaps I'm missing something ... happy to hear different perspectives.
A good indication will be the forthcoming a/w contemporary auctions from the big 3. At the moment there's a lot of paper hands. Banksy prints for example have been overpriced for many years. Are Banksy prints overpriced? Supply of Banksy prints is stagnant (i.e., he's not producing any prints these day) and his work remains very popular. Most can't get access nor afford his originals. In economics, when you have fixed supply and increasing demand, prices rise. Of course, we're in a worldwide economic downturn that is causing most assets to fall in value. The downturn will end at some point. Won't Banksy prints then rise again? Perhaps I'm missing something ... happy to hear different perspectives. |
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drbf
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Art as an investment , by drbf on Sept 7, 2022 0:51:12 GMT 1, A good indication will be the forthcoming a/w contemporary auctions from the big 3. At the moment there's a lot of paper hands. Banksy prints for example have been overpriced for many years.
A good indication will be the forthcoming a/w contemporary auctions from the big 3. At the moment there's a lot of paper hands. Banksy prints for example have been overpriced for many years. I think a good indication of the market direction are the Warhol prices which have either maintained or increased in value over past few months. I agree, the Big Three auctions will be very telling. |
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Art as an investment , by Daniel Silk on Sept 7, 2022 1:02:01 GMT 1, Urban art has been a dying sector for a long time. In terms of contemporary/fine art, we are seeing the big 'at cost ' sell off just in the sale section online and various people getting rid of their hirsts, shrigleys etc via the usual brokers, what with the looming recession, inflation crisis caused by the Russian war and the high levels of borrowing after the pandemic primarily.
But those who are buying at release good quality pieces from up and coming artists in the 100-1,000 price range, then I would expect they are doing fine.
Those who have purchased at resale, and pieces that were already overpriced at release, are probably facing a hard time.
Urban art has been a dying sector for a long time. In terms of contemporary/fine art, we are seeing the big 'at cost ' sell off just in the sale section online and various people getting rid of their hirsts, shrigleys etc via the usual brokers, what with the looming recession, inflation crisis caused by the Russian war and the high levels of borrowing after the pandemic primarily. I think it largely depends on what they have been buying in the first place. Maybe investors who buy from release, and are paying in the thousands and tens of thousands, they are possibly selling at cost or even making a loss. But those who are buying at release good quality pieces from up and coming artists in the 100-1,000 price range, then I would expect they are doing fine. Those who have purchased at resale, and pieces that were already overpriced at release, are probably facing a hard time. |
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orchid
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nobokov
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Art as an investment , by nobokov on May 24, 2023 18:40:21 GMT 1, Is anyone still buying art these days or is everyone trying to sell before the pyramid collapses?
Is anyone still buying art these days or is everyone trying to sell before the pyramid collapses?
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Art as an investment , by Adam The Collector on May 24, 2023 18:45:19 GMT 1, Buying, Buying, Buying, Buying
Buying, Buying, Buying, Buying
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Wanchope
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Art as an investment , by Wanchope on May 24, 2023 18:45:55 GMT 1, Of course they are, but prices have to be more sensible for people to buy and too many are still hanging onto last years prices.
Of course they are, but prices have to be more sensible for people to buy and too many are still hanging onto last years prices.
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rinz
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Art as an investment , by rinz on May 24, 2023 18:53:31 GMT 1, Have never bought more. 3 canvas' in the last 20 days . Getting broke.
Have never bought more. 3 canvas' in the last 20 days . Getting broke.
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Art as an investment , by John The Badgers on May 24, 2023 18:54:45 GMT 1, Interesting post Nobokov.
I'm trying to sell something on here at the moment, thought it was reasonably priced etc, and surprised at the lack of interest, so I guess people do need to look at their expectations?
That said, not the wealthiest, but decentish income etc, and have found recently you really need to be on the ball with your income to square everything. Any 'luxuries' like buying art more considered now?
Interesting post Nobokov.
I'm trying to sell something on here at the moment, thought it was reasonably priced etc, and surprised at the lack of interest, so I guess people do need to look at their expectations?
That said, not the wealthiest, but decentish income etc, and have found recently you really need to be on the ball with your income to square everything. Any 'luxuries' like buying art more considered now?
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Art as an investment , by Matt 2 ttaM on May 24, 2023 19:07:25 GMT 1, Ive cut back considerably after I filled the walls and realized that I dont really want to just buy to fill the folio, so am going mainly for select OG’s and a few select releases. This year I bought from 3 releases, just got a commission completed and am waiting on a big buy end of the year. Think thats it.
Ive cut back considerably after I filled the walls and realized that I dont really want to just buy to fill the folio, so am going mainly for select OG’s and a few select releases. This year I bought from 3 releases, just got a commission completed and am waiting on a big buy end of the year. Think thats it.
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Art as an investment , by Couch Tado on May 24, 2023 19:11:53 GMT 1, I am buying a few things.. Things that are on my wish list that are now popping up at reasonable prices, drops from artists I like which aren't going to break the bank, and a few big things to invest in which I think will beat the market long term.
I am also "selling" and I use the term loosely, meaning I have things for sale but things are moving really slowly if at all.
I am buying a few things.. Things that are on my wish list that are now popping up at reasonable prices, drops from artists I like which aren't going to break the bank, and a few big things to invest in which I think will beat the market long term.
I am also "selling" and I use the term loosely, meaning I have things for sale but things are moving really slowly if at all.
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Blue
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Art as an investment , by Blue on May 24, 2023 19:23:03 GMT 1, Keeping my powder dry for the right piece at the right price.
Focussing more on my actual hit list instead of picking up more new releases ...
Was tempted by the two recent Hirst and Invader Heni drops but didnt pull the trigger in the end. Im sure I will live to regret it ha
Keeping my powder dry for the right piece at the right price.
Focussing more on my actual hit list instead of picking up more new releases ...
Was tempted by the two recent Hirst and Invader Heni drops but didnt pull the trigger in the end. Im sure I will live to regret it ha
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Art as an investment , by zacksz 123123 on May 24, 2023 19:38:50 GMT 1, Looking for several pieces that were hard to find a couple years ago.
Genesis Tramaine
Rashid Johnson
Emily mae smith
Robin F Williams
Julie Curtis
Nina Chanel
Yue min jun
More
Looking for several pieces that were hard to find a couple years ago.
Genesis Tramaine
Rashid Johnson
Emily mae smith
Robin F Williams
Julie Curtis
Nina Chanel
Yue min jun
More
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sevrin
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Art as an investment , by sevrin on May 24, 2023 19:55:55 GMT 1, Yes, been buying quite a lot actually, picking and choosing the right releases, but not at secondary market prices, they are mostly ridiculous, with people wanting crazy money for prints!
Yes, been buying quite a lot actually, picking and choosing the right releases, but not at secondary market prices, they are mostly ridiculous, with people wanting crazy money for prints!
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Pawel
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Art as an investment , by Pawel on May 24, 2023 20:00:29 GMT 1, Is anyone still buying art these days or is everyone trying to sell before the pyramid collapses?
Is anyone still buying art these days or is everyone trying to sell before the pyramid collapses? Banksy' LIITA was selling for 200k. It sold today for 30+. What do you mean "before"? |
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Art as an investment , by Terry Fuckwitt on May 24, 2023 20:16:52 GMT 1, Is anyone still buying art these days or is everyone trying to sell before the pyramid collapses? Banksy' LIITA was selling for 200k. It sold today for 30+. What do you mean "before"?
Is anyone still buying art these days or is everyone trying to sell before the pyramid collapses? Banksy' LIITA was selling for 200k. It sold today for 30+. What do you mean "before"? That was an unsigned today. Don't think anyone will be buying signed LIITA for £30k just yet |
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cemltz
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Art as an investment , by cemltz on May 24, 2023 20:18:32 GMT 1, I try to avoid timing any markets. Buy and sell throughout, don't stress the pennies.
I try to avoid timing any markets. Buy and sell throughout, don't stress the pennies.
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Art as an investment , by Terry Fuckwitt on May 24, 2023 20:47:45 GMT 1, Haha, that's nuts! Never realised people were paying that much for the unsigned
Haha, that's nuts! Never realised people were paying that much for the unsigned |
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Pawel
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Art as an investment , by Pawel on May 24, 2023 20:57:03 GMT 1, Haha, that's nuts! Never realised people were paying that much for the unsigned
Haha, that's nuts! Never realised people were paying that much for the unsigned I believe someone mentioned that one of the 200k ones was glued to a board. |
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Art as an investment , by Terry Fuckwitt on May 24, 2023 21:04:53 GMT 1, Haha, that's nuts! Never realised people were paying that much for the unsigned I believe someone mentioned that one of the 200k ones was glued to a board.
Haha, that's nuts! Never realised people were paying that much for the unsigned I believe someone mentioned that one of the 200k ones was glued to a board. I hope the poor bugger didn't buy as an investment. Might be a few years before they see anything like that again |
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drbf
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Art as an investment , by drbf on May 24, 2023 21:42:18 GMT 1, Based on the last auction results I think we have not seen the bottom in the art market except for some Very iconic pieces.
Based on the last auction results I think we have not seen the bottom in the art market except for some Very iconic pieces.
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Art as an investment , by billybob1969 on May 25, 2023 3:54:25 GMT 1, Auctions right now apart from top tier institutional stuff (and even that’s off) and a few select artists are an absolute terrible place to sell anything but if you have half a clue you can pretty much go into any art auction at the moment and there’ll be about a dozen or so pieces you can buy and flip for 15-20% profit pretty much immediately. Never ever seen such a disconnect. Obviously the private secondary sales market is still tough but there are buyers, it seems at auction for pieces under £250k no end users are buying and it’s pretty much just dealers in many cases buying lots for opening bids or unreserved lots for pennies. Based on this now is an opportunity that probably comes around once every 10-15 years, so can’t think of a better time to buy.
Auctions right now apart from top tier institutional stuff (and even that’s off) and a few select artists are an absolute terrible place to sell anything but if you have half a clue you can pretty much go into any art auction at the moment and there’ll be about a dozen or so pieces you can buy and flip for 15-20% profit pretty much immediately. Never ever seen such a disconnect. Obviously the private secondary sales market is still tough but there are buyers, it seems at auction for pieces under £250k no end users are buying and it’s pretty much just dealers in many cases buying lots for opening bids or unreserved lots for pennies. Based on this now is an opportunity that probably comes around once every 10-15 years, so can’t think of a better time to buy.
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Art as an investment , by Yeah Yeah Yeah Round2 on May 25, 2023 5:31:55 GMT 1, If it’s a hundred quid, then yes. I’m sticking to the olden days when prints were affordable.
If it’s a hundred quid, then yes. I’m sticking to the olden days when prints were affordable.
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Tobi187
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Art as an investment , by Tobi187 on May 25, 2023 8:40:00 GMT 1, I believe I purchased excessive art lately, despite skipping some open editions.
I believe I purchased excessive art lately, despite skipping some open editions.
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Newar
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Art as an investment , by Newar on May 25, 2023 9:42:41 GMT 1, asian flippers/buyers are getting bored (or learning) and global economy is getting down (and hope china will not start his war with taiwan anytime soon (economic one on strategical assets already started with us and europe) 
stop buying prints randomly since last year or so to finally stack already full portfolio's and wall's
would only have OG's if possible
still buying lot's of signed books
asian flippers/buyers are getting bored (or learning) and global economy is getting down (and hope china will not start his war with taiwan anytime soon (economic one on strategical assets already started with us and europe) stop buying prints randomly since last year or so to finally stack already full portfolio's and wall's would only have OG's if possible still buying lot's of signed books |
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