rdl81
New Member
Posts โข 901
Likes โข 46
April 2007
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Falling valuations, by rdl81 on Nov 26, 2008 22:58:02 GMT 1, the city lot got their easy come easy go money
.............not this year ;D
the city lot got their easy come easy go money .............not this year ;D
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Falling valuations, by howlinhooker on Nov 27, 2008 0:09:36 GMT 1, I buy pieces to hang on the wall - Art is there to be enjoyed Iam not too concerned if prices fall as I will only buy something if I like it I can understand peoples current concerns but they should hang onto their pieces and treat as a long term investment SPOT ON !!!! I HOPE THE PRICES FALL AS IM STILL AFTER A FEW MORE FOR MY WALLS !!!!!!
I buy pieces to hang on the wall - Art is there to be enjoyed Iam not too concerned if prices fall as I will only buy something if I like it I can understand peoples current concerns but they should hang onto their pieces and treat as a long term investment SPOT ON !!!! I HOPE THE PRICES FALL AS IM STILL AFTER A FEW MORE FOR MY WALLS !!!!!!
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daddychaps
New Member
Posts โข 341
Likes โข 20
March 2008
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Falling valuations, by daddychaps on Nov 27, 2008 11:19:36 GMT 1, Anyone got a picture of the Faile Dog Bite?
Anyone got a picture of the Faile Dog Bite?
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Tiki
Junior Member
Posts โข 1,223
Likes โข 157
May 2008
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uksnowman
New Member
Posts โข 326
Likes โข 0
August 2007
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Falling valuations, by uksnowman on Nov 28, 2008 1:18:33 GMT 1, Did you have to pay for the valuation from Bonhams? i have just been looking on the bay for another banksy and it looks like a lot of his and other artists work's value are falling, a nick walker canvas went well below cost yesterday, great time to buy, they will bounce back within a few years or even sooner, so unless you are thinking of retiring soon you should be ok, hold on tight it's going to be a fun/scary ride. (imo )
as many people have said, buy if you love the image. I wouldn't say now is a good time to buy just because prices have fallen. Nice to be optimistic that they will bounce back but where is the money coming from over the next year for prices to bounce?
sorry, I'm normally a glass half-full but I'm not convinced you should be buying art as an investment right now...
Did you have to pay for the valuation from Bonhams? i have just been looking on the bay for another banksy and it looks like a lot of his and other artists work's value are falling, a nick walker canvas went well below cost yesterday, great time to buy, they will bounce back within a few years or even sooner, so unless you are thinking of retiring soon you should be ok, hold on tight it's going to be a fun/scary ride. (imo ) as many people have said, buy if you love the image. I wouldn't say now is a good time to buy just because prices have fallen. Nice to be optimistic that they will bounce back but where is the money coming from over the next year for prices to bounce? sorry, I'm normally a glass half-full but I'm not convinced you should be buying art as an investment right now...
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Falling valuations, by fatherxmas on Nov 28, 2008 1:45:24 GMT 1, as many people have said, buy if you love the image. I wouldn't say now is a good time to buy just because prices have fallen. ............................................
Nice to be optimistic that they will bounce back but where is the money coming from over the next year for prices to bounce?
Very good sentence (the second bit) Personally SPECULATION just like the super car market is truely over. Ferrari scuderias were exchanging fro 50k premiums march/april/june with no chance of getting one. Now they are selling below list with delivery miles. Also, times are so bad the norm of having to wait 18months for a 430 coupe or 24months for a 430 spider now you can spec fro march 2009 delivery. How times have changed hey. Even the Aston Martin DBS is selling 30/40k from list price, even some dealers are offering 20k discount on vantages.
This shake up in the economy/world is obviously bad but in hinesight maybe people will wake up and think there is actually no such thing as a quick buck. People may start living within there means and not on borrowed money.
as many people have said, buy if you love the image. I wouldn't say now is a good time to buy just because prices have fallen. ............................................
Nice to be optimistic that they will bounce back but where is the money coming from over the next year for prices to bounce?
Very good sentence (the second bit) Personally SPECULATION just like the super car market is truely over. Ferrari scuderias were exchanging fro 50k premiums march/april/june with no chance of getting one. Now they are selling below list with delivery miles. Also, times are so bad the norm of having to wait 18months for a 430 coupe or 24months for a 430 spider now you can spec fro march 2009 delivery. How times have changed hey. Even the Aston Martin DBS is selling 30/40k from list price, even some dealers are offering 20k discount on vantages.
This shake up in the economy/world is obviously bad but in hinesight maybe people will wake up and think there is actually no such thing as a quick buck. People may start living within there means and not on borrowed money.
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1800garrett
New Member
Posts โข 721
Likes โข 6
September 2007
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Falling valuations, by 1800garrett on Nov 28, 2008 2:56:31 GMT 1, The price of everything is going to slide for some time, if you think that there is going to be a quick rebound, you are NUTS!
I had a feeling that this crash was going to happen sooner than later, thats why I started unloading my prints I am not going to frame starting back in May.
This is the largest deleveraging since the GREAT DEPRESSION!~ Everyone had lots of debt that they had not payed off, then when the markets started to CRASH 3.5month ago, the % of debt that people had relitive to their holdings skyrocketed, in effect increasing the amount of overall debt!
Things won't be the same as 1929-1936 but they are going to get a lot worse than anyone on this forum has ever seen before, thats what my guy says, its been wrong before.
Things are going to be equal to or worse than the Savings & Loans crash of the 80's in which the market took 5 years to come back. A lot of people lost money in this period but some people also made a killing during this same period, there is going to be tons of opportunity in the next 48months for those who didn't get over extended during this last cycle. I have been to a ton of economic forecasts in the last 6 months and the general idea that I keep hearing is that there is no way that the market will rebound in the next 12 months. Some people say the second half of 2009 and others say that things will pick back up in early 2010.
Anyway that you look at the situation, IT IS A BUYERS MARKET and its going to be for a long time, the seller has no power today, so if you are buying, bargain hard!~
The price of everything is going to slide for some time, if you think that there is going to be a quick rebound, you are NUTS!
I had a feeling that this crash was going to happen sooner than later, thats why I started unloading my prints I am not going to frame starting back in May.
This is the largest deleveraging since the GREAT DEPRESSION!~ Everyone had lots of debt that they had not payed off, then when the markets started to CRASH 3.5month ago, the % of debt that people had relitive to their holdings skyrocketed, in effect increasing the amount of overall debt!
Things won't be the same as 1929-1936 but they are going to get a lot worse than anyone on this forum has ever seen before, thats what my guy says, its been wrong before.
Things are going to be equal to or worse than the Savings & Loans crash of the 80's in which the market took 5 years to come back. A lot of people lost money in this period but some people also made a killing during this same period, there is going to be tons of opportunity in the next 48months for those who didn't get over extended during this last cycle. I have been to a ton of economic forecasts in the last 6 months and the general idea that I keep hearing is that there is no way that the market will rebound in the next 12 months. Some people say the second half of 2009 and others say that things will pick back up in early 2010.
Anyway that you look at the situation, IT IS A BUYERS MARKET and its going to be for a long time, the seller has no power today, so if you are buying, bargain hard!~
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Falling valuations, by fatherxmas on Nov 28, 2008 3:15:27 GMT 1, Good pitch Garett.
Good pitch Garett.
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f5ers
New Member
Posts โข 563
Likes โข 0
October 2007
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Falling valuations, by f5ers on Nov 28, 2008 9:48:42 GMT 1, A good example are the amount of Nick Walkers for sale at cost by forum members
A good example are the amount of Nick Walkers for sale at cost by forum members
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daddychaps
New Member
Posts โข 341
Likes โข 20
March 2008
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Falling valuations, by daddychaps on Nov 28, 2008 16:41:32 GMT 1, Thanks for the pic foreman!
Thanks for the pic foreman!
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