Reader
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June 2016
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BANKSY PRINTS GWB/TM, by Reader on Aug 29, 2023 23:20:32 GMT 1, Any input on what auction estimates you'd expect for Banksy GWN signed (mint condition) and Banksy Toxic Mary, also signed and mint condition. Both with COA.
Compared with private sales for example ?
Any input on what auction estimates you'd expect for Banksy GWN signed (mint condition) and Banksy Toxic Mary, also signed and mint condition. Both with COA.
Compared with private sales for example ?
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LJCal
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December 2019
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BANKSY PRINTS GWB/TM, by LJCal on Aug 30, 2023 0:02:34 GMT 1, I mean a realist auction estimate for GWB right now is probably £50-70k, I’d expect a hammer of around £60-65k maybe £70k on a good day. So all in with fees, taxes and so on you’re probably looking at £80-£95k for the buyer.
Toxic Mary £10-12k right now hammer between £12-14k I’d say. So about £16-19k for the buyer.
This assumes the market doesn’t fall further. It’s been a very quiet summer (much more than usual) but some signs of life in last week or so. Forum will give better indication of where the market is this week.
I mean a realist auction estimate for GWB right now is probably £50-70k, I’d expect a hammer of around £60-65k maybe £70k on a good day. So all in with fees, taxes and so on you’re probably looking at £80-£95k for the buyer.
Toxic Mary £10-12k right now hammer between £12-14k I’d say. So about £16-19k for the buyer.
This assumes the market doesn’t fall further. It’s been a very quiet summer (much more than usual) but some signs of life in last week or so. Forum will give better indication of where the market is this week.
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LJCal
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BANKSY PRINTS GWB/TM, by LJCal on Aug 30, 2023 0:06:06 GMT 1, Personally I wouldn’t sell either of these prints at auction. If you shopped around to dealers and private collectors you’ll probably get £75k for GWB maybe a little more and no risk. Same with TM I’d expect you’d get £13-15k if you offered out on here or to the usual galleries and dealers. At auction serious risk at the moment no one turns up to bid and sells for low estimate, it’s also just not the market to have such a large spread when the auction houses are charging 25-30% BPs.
Personally I wouldn’t sell either of these prints at auction. If you shopped around to dealers and private collectors you’ll probably get £75k for GWB maybe a little more and no risk. Same with TM I’d expect you’d get £13-15k if you offered out on here or to the usual galleries and dealers. At auction serious risk at the moment no one turns up to bid and sells for low estimate, it’s also just not the market to have such a large spread when the auction houses are charging 25-30% BPs.
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Reader
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BANKSY PRINTS GWB/TM, by Reader on Aug 30, 2023 0:15:19 GMT 1, These are signed.
These are signed.
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LJCal
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BANKSY PRINTS GWB/TM, by LJCal on Aug 30, 2023 3:19:44 GMT 1, Ooops well that's a whole other story. A mint GWB sold privately recently for £325,000 which in my view is a very good price in this market and perhaps there's not a queue of buyers at that level. I'd say at auction they probably would guide at £180,000-200,000, I can't see a hammer over £250,000 personally, so around £335k all in max. could easily come in less, they'd probably want a £150k reserve. I reckon £300-325k is probably the right retail right now, so a dealer or gallery should pay between £250-285k I think. Obviously this assumes no defects.
Haven't seen a signed TM sold for a while, it feels like a £30k print retail right now. I'd expect a hammer around £20-22k, probably a guide of £18-20k reserve of £16,000. You'll probably get £24-27k from a dealer or gallery assuming no defects.
Ooops well that's a whole other story. A mint GWB sold privately recently for £325,000 which in my view is a very good price in this market and perhaps there's not a queue of buyers at that level. I'd say at auction they probably would guide at £180,000-200,000, I can't see a hammer over £250,000 personally, so around £335k all in max. could easily come in less, they'd probably want a £150k reserve. I reckon £300-325k is probably the right retail right now, so a dealer or gallery should pay between £250-285k I think. Obviously this assumes no defects.
Haven't seen a signed TM sold for a while, it feels like a £30k print retail right now. I'd expect a hammer around £20-22k, probably a guide of £18-20k reserve of £16,000. You'll probably get £24-27k from a dealer or gallery assuming no defects.
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LJCal
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December 2019
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BANKSY PRINTS GWB/TM, by LJCal on Aug 30, 2023 3:25:19 GMT 1, Really to anyone out there please think long and hard before you consign any B prints to auction right now, unless it's something really special or high value there's far too much risk and downside to justify the huge costs. So many other ways to liquidate that afford you much more control and in this depressed market that's really important, for me right now unless you're fire selling be patient and be a little more proactive and it will pay off.
Really to anyone out there please think long and hard before you consign any B prints to auction right now, unless it's something really special or high value there's far too much risk and downside to justify the huge costs. So many other ways to liquidate that afford you much more control and in this depressed market that's really important, for me right now unless you're fire selling be patient and be a little more proactive and it will pay off.
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Reader
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June 2016
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BANKSY PRINTS GWB/TM, by Reader on Aug 30, 2023 7:52:36 GMT 1, Sound advice. The danger is of course that with the current economic climate that this is exactly what people will do, driving the market down or at least it continuing to stagnate as supply outstrips demand, but perhaps that's already over, and the people who bought high, can either afford to keep or won't sell at 50% of what they purchsed for just a few years ago. On the plus side, he's not producing new prints in any number, so supply will become more and more limited as works land in collections of the wealthy. I don't imagine many people who bought at source still have their works on the wall.
Sound advice. The danger is of course that with the current economic climate that this is exactly what people will do, driving the market down or at least it continuing to stagnate as supply outstrips demand, but perhaps that's already over, and the people who bought high, can either afford to keep or won't sell at 50% of what they purchsed for just a few years ago. On the plus side, he's not producing new prints in any number, so supply will become more and more limited as works land in collections of the wealthy. I don't imagine many people who bought at source still have their works on the wall.
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LJCal
Junior Member
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December 2019
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BANKSY PRINTS GWB/TM, by LJCal on Aug 30, 2023 9:29:16 GMT 1, Sound advice. The danger is of course that with the current economic climate that this is exactly what people will do, driving the market down or at least it continuing to stagnate as supply outstrips demand, but perhaps that's already over, and the people who bought high, can either afford to keep or won't sell at 50% of what they purchsed for just a few years ago. On the plus side, he's not producing new prints in any number, so supply will become more and more limited as works land in collections of the wealthy. I don't imagine many people who bought at source still have their works on the wall.
Sound advice. The danger is of course that with the current economic climate that this is exactly what people will do, driving the market down or at least it continuing to stagnate as supply outstrips demand, but perhaps that's already over, and the people who bought high, can either afford to keep or won't sell at 50% of what they purchsed for just a few years ago. On the plus side, he's not producing new prints in any number, so supply will become more and more limited as works land in collections of the wealthy. I don't imagine many people who bought at source still have their works on the wall. Yeah I think on the print market it's really down to how much longer the financial squeeze goes on, most people holding prints are middle class but not always mega wealthy. I expect a lot would like to hang in there however the decision may be taken away from them if this fiscal tightening gets much worse. |
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njr911
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BANKSY PRINTS GWB/TM, by njr911 on Aug 30, 2023 9:33:12 GMT 1, Sound advice. The danger is of course that with the current economic climate that this is exactly what people will do, driving the market down or at least it continuing to stagnate as supply outstrips demand, but perhaps that's already over, and the people who bought high, can either afford to keep or won't sell at 50% of what they purchsed for just a few years ago. On the plus side, he's not producing new prints in any number, so supply will become more and more limited as works land in collections of the wealthy. I don't imagine many people who bought at source still have their works on the wall.
Sound advice. The danger is of course that with the current economic climate that this is exactly what people will do, driving the market down or at least it continuing to stagnate as supply outstrips demand, but perhaps that's already over, and the people who bought high, can either afford to keep or won't sell at 50% of what they purchsed for just a few years ago. On the plus side, he's not producing new prints in any number, so supply will become more and more limited as works land in collections of the wealthy. I don't imagine many people who bought at source still have their works on the wall. I think plenty of people who bought at source still have prints on the walls. |
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kai22
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September 2022
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BANKSY PRINTS GWB/TM, by kai22 on Aug 30, 2023 9:36:04 GMT 1, Sound advice. The danger is of course that with the current economic climate that this is exactly what people will do, driving the market down or at least it continuing to stagnate as supply outstrips demand, but perhaps that's already over, and the people who bought high, can either afford to keep or won't sell at 50% of what they purchsed for just a few years ago. On the plus side, he's not producing new prints in any number, so supply will become more and more limited as works land in collections of the wealthy. I don't imagine many people who bought at source still have their works on the wall.
Despite the cognitive dissonance, let me add my penny’s worth to this conversation. You are in the extremely fortunate and enviable position to be in possession of unquestionably Banksy’s bluest of blue chip prints - a signed MINT GWRB.
Banksy has the highest social media following of any visual artist globally.
Banksy is the most Googled living visual artist globally.
He is the UK’s favourite living artist.
He is about to start a global tour of his Solo Retrospective.
He hasn’t released a (non-charity) print edition since GDP.
Investors park money in safe-havens / blue-chip assets in times of economic downturn.
There are plenty of people making money out of the common person’s misery - what do all these energy executives buy with all their extra income? Your iconic Banksy of course.
If you have to sell - then hold out for the big bucks. If it is truly MINT and has never been restored - it has to be one of the rarest signed GWBs in existence.
There are more billionaires in the UK in 2023 than your print.
Sound advice. The danger is of course that with the current economic climate that this is exactly what people will do, driving the market down or at least it continuing to stagnate as supply outstrips demand, but perhaps that's already over, and the people who bought high, can either afford to keep or won't sell at 50% of what they purchsed for just a few years ago. On the plus side, he's not producing new prints in any number, so supply will become more and more limited as works land in collections of the wealthy. I don't imagine many people who bought at source still have their works on the wall. Despite the cognitive dissonance, let me add my penny’s worth to this conversation. You are in the extremely fortunate and enviable position to be in possession of unquestionably Banksy’s bluest of blue chip prints - a signed MINT GWRB. Banksy has the highest social media following of any visual artist globally. Banksy is the most Googled living visual artist globally. He is the UK’s favourite living artist. He is about to start a global tour of his Solo Retrospective. He hasn’t released a (non-charity) print edition since GDP. Investors park money in safe-havens / blue-chip assets in times of economic downturn. There are plenty of people making money out of the common person’s misery - what do all these energy executives buy with all their extra income? Your iconic Banksy of course. If you have to sell - then hold out for the big bucks. If it is truly MINT and has never been restored - it has to be one of the rarest signed GWBs in existence. There are more billionaires in the UK in 2023 than your print. |
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Reader
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June 2016
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BANKSY PRINTS GWB/TM, by Reader on Aug 31, 2023 1:50:30 GMT 1, Sound advice. The danger is of course that with the current economic climate that this is exactly what people will do, driving the market down or at least it continuing to stagnate as supply outstrips demand, but perhaps that's already over, and the people who bought high, can either afford to keep or won't sell at 50% of what they purchsed for just a few years ago. On the plus side, he's not producing new prints in any number, so supply will become more and more limited as works land in collections of the wealthy. I don't imagine many people who bought at source still have their works on the wall. Despite the cognitive dissonance, let me add my penny’s worth to this conversation. You are in the extremely fortunate and enviable position to be in possession of unquestionably Banksy’s bluest of blue chip prints - a signed MINT GWRB. Banksy has the highest social media following of any visual artist globally. Banksy is the most Googled living visual artist globally. He is the UK’s favourite living artist. He is about to start a global tour of his Solo Retrospective. He hasn’t released a (non-charity) print edition since GDP. Investors park money in safe-havens / blue-chip assets in times of economic downturn. There are plenty of people making money out of the common person’s misery - what do all these energy executives buy with all their extra income? Your iconic Banksy of course. If you have to sell - then hold out for the big bucks. If it is truly MINT and has never been restored - it has to be one of the rarest signed GWBs in existence. There are more billionaires in the UK in 2023 than your print.
Sound advice. The danger is of course that with the current economic climate that this is exactly what people will do, driving the market down or at least it continuing to stagnate as supply outstrips demand, but perhaps that's already over, and the people who bought high, can either afford to keep or won't sell at 50% of what they purchsed for just a few years ago. On the plus side, he's not producing new prints in any number, so supply will become more and more limited as works land in collections of the wealthy. I don't imagine many people who bought at source still have their works on the wall. Despite the cognitive dissonance, let me add my penny’s worth to this conversation. You are in the extremely fortunate and enviable position to be in possession of unquestionably Banksy’s bluest of blue chip prints - a signed MINT GWRB. Banksy has the highest social media following of any visual artist globally. Banksy is the most Googled living visual artist globally. He is the UK’s favourite living artist. He is about to start a global tour of his Solo Retrospective. He hasn’t released a (non-charity) print edition since GDP. Investors park money in safe-havens / blue-chip assets in times of economic downturn. There are plenty of people making money out of the common person’s misery - what do all these energy executives buy with all their extra income? Your iconic Banksy of course. If you have to sell - then hold out for the big bucks. If it is truly MINT and has never been restored - it has to be one of the rarest signed GWBs in existence. There are more billionaires in the UK in 2023 than your print. haha, that cheered me up, probably for all the wrong reasons, but yes, I suspect you're right. |
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