[Poster Bob]

Don't lower the price. The people talking down the price run galleries and are looking for a deal.

[Deleted]

Sept 17, 2017 16:03:55 GMT 1 @niceguyg said:

Sept 17, 2017 14:52:52 GMT 1 ntmart said:

Cheers, appreciate the feedback.

See how it goes. 

Can only go on estimates test the market and see what comes down the line. 

Banksy is killing it at the moment... There is literally no one in the same ball park as him. I implore you to keep this piece... Beautifully framed by the way.

These have been selling for 26/27 - don't let someone on here try and talk the price down so they can sell it on.

If you can, keep it... I have a feeling these prices are just warming up..

[ntmart]

ahh thanks guys, always good to get a difference of opinion!

Cheers

[Fish in the Sea]

Sept 17, 2017 16:19:38 GMT 1 @ai2bob said:

Sept 17, 2017 16:03:55 GMT 1 @niceguyg said:

Banksy is killing it at the moment... There is literally no one in the same ball park as him. I implore you to keep this piece... Beautifully framed by the way.

These have been selling for 26/27 - don't let someone on here try and talk the price down so they can sell it on.

If you can, keep it... I have a feeling these prices are just warming up..

Would love to know where they sold at 27?

[Deleted]

Two guys you frequent have sold for that price Manu....

[pklong17]

I know of at least two recent sales over 22k

[Fish in the Sea]

Good news for the OP then
Clearly out of touch with market...
Hope it goes to a good home

[Deleted]

Are there any others currently for sale? if not charge what you want. There's way more buyers than sellers out there.

[ntmart]

None that I know of.

I've had offers but they've not met expectations, lots of talking prices down.

[Deleted]

Talk all they want. If there's nothing else for sale then the current market spread is about 5k. 22 bid 27 offered.

[ntmart]

Indeed :-)

[ntmart]

Bump

[highflyer]

Sept 17, 2017 15:57:19 GMT 1 Poster Bob said:

Don't lower the price. The people talking down the price run galleries and are looking for a deal.

Don't lower the price! All these people looking for a deal. Don't sell it!

[Cocteau 101]

This is 25k all day long.

[Eton Groover]

Clearly not, otherwise it would have sold

[artearte]

Sept 23, 2017 11:29:57 GMT 1 Cocteau 101 said:

This is 25k all day long.

I will said £28k

[highflyer]

Sept 17, 2017 20:28:55 GMT 1 @hammerz said:

Are there any others currently for sale? if not charge what you want. There's way more buyers than sellers out there.

Some great well informed intelligent advice.

[Matt]

Sept 23, 2017 12:38:23 GMT 1 highflyer said:

Sept 17, 2017 20:28:55 GMT 1 @hammerz said:

Are there any others currently for sale? if not charge what you want. There's way more buyers than sellers out there.

Some great well informed intelligent advice.

Perfectly agree that the seller can do whatever the fck he wants with his print.

But in general, can someone explain to me the logic here :
- In the Banksy market, there is more demand than offer.
- This print is well priced in the market
- This well priced Banksy print is not selling in the market where there is more demand than offer

Something doesn't seem rational here, one of these three statement has got to be wrong...

[highflyer]

Sept 23, 2017 12:57:38 GMT 1 Matt said:

Sept 23, 2017 12:38:23 GMT 1 highflyer said:

Some great well informed intelligent advice.

Perfectly agree the seller can do whatever the fck he wants with his print.

But in general, can someone explain to me the logic here :
- In the Banksy market, there is more demand than offer.
- This print is well priced in the market
- This print is not selling

Something doesn't seem rational here...

Because, and forgive me for stating the obvious for people with IQs over 80. THERE IS ONLY MORE DEMAND THAT SUPPLY BELOW A CERTAIN PRICE POINT.

My word. This world. It's worrying.

[Matt]

Sept 23, 2017 13:00:11 GMT 1 highflyer said:

Sept 23, 2017 12:57:38 GMT 1 Matt said:

Perfectly agree the seller can do whatever the fck he wants with his print.

But in general, can someone explain to me the logic here :
- In the Banksy market, there is more demand than offer.
- This print is well priced in the market
- This print is not selling

Something doesn't seem rational here...

Because, and forgive me for stating the obvious for people with IQs over 80. THERE IS ONLY MORE DEMAND THAT SUPPLY BELOW A CERTAIN PRICE POINT.

My word. This world. It's worrying.

I wish I was as smart as you...

[pr.yu]

Sept 23, 2017 13:00:11 GMT 1 highflyer said:

Sept 23, 2017 12:57:38 GMT 1 Matt said:

Perfectly agree the seller can do whatever the fck he wants with his print.

But in general, can someone explain to me the logic here :
- In the Banksy market, there is more demand than offer.
- This print is well priced in the market
- This print is not selling

Something doesn't seem rational here...

Because, and forgive me for stating the obvious for people with IQs over 80. THERE IS ONLY MORE DEMAND THAT SUPPLY BELOW A CERTAIN PRICE POINT.

My word. This world. It's worrying.

I don't think that's necessarily true. It's just that all the demand doesn't exist on the UAA board. There's a lot of demand out there that doesn't spend all day refreshing the "Latest Threads" tab as I do.

[Deleted]

Sept 23, 2017 13:01:54 GMT 1 Matt said:

Sept 23, 2017 13:00:11 GMT 1 highflyer said:

Because, and forgive me for stating the obvious for people with IQs over 80. THERE IS ONLY MORE DEMAND THAT SUPPLY BELOW A CERTAIN PRICE POINT.

My word. This world. It's worrying.

I wish I was as smart as you...

Me too... it must feel great

[Matt]

pr.yu that would make sense

Would it then also be fair to assume that this "demand" which is not on the forum, is buying mainly from professionals such as galleries and auction houses ?

Which in turns would mean that expecting gallery or auction prices on here, or quoting them as price references, is not the best way to conclude a sale ?

[pr.yu]

Sept 23, 2017 13:34:45 GMT 1 Matt said:

pr.yu that would make sense

Would it then also be fair to assume that this "demand" which is not on the forum, is buying mainly from professionals such as galleries and auction houses ?

Which in turns would mean that expecting gallery or auction prices on here, or quoting them as price references, is not the best way to conclude a sale ?

I think that's a reasonable thought. I've said before that I think galleries and auction houses are providing a service and some prestige over private sales. Established galleries and auction houses provide some veracity to the artwork and its authenticity, in my mind. I think if you're going to quote gallery prices, you probably should knock off somewhere from 15-25%. I think if you're going to quote auction sales, the private sale price is somewhere around the hammer price, maybe a bit higher.

Just my opinion, of course.

I also think a seller of a piece in this price range who is trying to maximize profit is probably better off trying to work out a deal with an established auction house for a low or 0% commission. It's nice to be able to sell to people within the forum, but I think you have to realize that you're not going to make as much. For instance, coming here to sell a rare Banksy Nola and expecting someone on here to give you 90K GBP via PayPal friends and family or a wire transfer seems a bit ludicrous.

[theblank]

I feel like there's a misinterpretation that if something doesn't sell in like 15 minutes the price is too high. Obviously your time tables should effect your price but how many people out there are ready to drop 27 grand on a piece every day? I'd stay firm personally unless you are in need of liquid cash ASAP.

[pr.yu]

Sept 23, 2017 14:10:37 GMT 1 theblank said:

I feel like there's a misinterpretation that if something doesn't sell in like 15 minutes the price is too high. Obviously your time tables should effect your price but how many people out there are ready to drop 27 grand on a piece every day? I'd stay firm personally unless you are in need of liquid cash ASAP.

Totally agree. I think your price is too low if it sells in 15 minutes, especially if you're talking high-end stuff.

[highflyer]

Sept 23, 2017 13:14:06 GMT 1 pr.yu said:

Sept 23, 2017 13:00:11 GMT 1 highflyer said:

Because, and forgive me for stating the obvious for people with IQs over 80. THERE IS ONLY MORE DEMAND THAT SUPPLY BELOW A CERTAIN PRICE POINT.

My word. This world. It's worrying.

I don't think that's necessarily true. It's just that all the demand doesn't exist on the UAA board. There's a lot of demand out there that doesn't spend all day refreshing the "Latest Threads" tab as I do.

Very fair point. Also, very funny re latest threads refreshing haha

[Deleted]

Basic supply and demand but the problem is here you don't know the volume of bidders or the volume of offers to help with decisions. If we do know the last traded price is £25k. If someone is £23k bid and the only offer is £27k someone has to move or something has to affect the market or persons to affect that change. We know there are only 199 in the world and a fraction of these will potentially be offered for sale. Added to that of those 199 a lot will be owned by collectors who won't sell at any price. some may of been damaged or lost, badly framed, sun damaged etc so potentially even less in existence.
Prices are rising better than most investments (not all) and unlike shares you will always have a picture you like if the market falls.
What can make the market fall?
The economy, but there will still be people with money for art.
Banksy releases more colour ways of the print or starts producing prints weekly? doubt it will ever happen.
WW3 started by those 2 plonkers. Will still look nice on a bunker wall.

The offer price is £27k if you want it pay it. You can't shop around if there isn't an alternative. If you have one to sell offer for £26k or wait to see if someone buys the one for £27k then offer yours for £28k.
Sellers market imho

Bit like footballers but there's more on offer unless you want a particular one.

[highflyer]

Sept 24, 2017 12:10:44 GMT 1 @hammerz said:

Basic supply and demand but the problem is here you don't know the volume of bidders or the volume of offers to help with decisions. If we do know the last traded price is £25k. If someone is £23k bid and the only offer is £27k someone has to move or something has to affect the market or persons to affect that change. We know there are only 199 in the world and a fraction of these will potentially be offered for sale. Added to that of those 199 a lot will be owned by collectors who won't sell at any price. some may of been damaged or lost, badly framed, sun damaged etc so potentially even less in existence.
Prices are rising better than most investments (not all) and unlike shares you will always have a picture you like if the market falls.
What can make the market fall?
The economy, but there will still be people with money for art.
Banksy releases more colour ways of the print or starts producing prints weekly? doubt it will ever happen.
WW3 started by those 2 plonkers. Will still look nice on a bunker wall.

The offer price is £27k if you want it pay it. You can't shop around if there isn't an alternative. If you have one to sell offer for £26k or wait to see if someone buys the one for £27k then offer yours for £28k.
Sellers market imho

Bit like footballers but there's more on offer unless you want a particular one.

One of the worst pieces of "analysis" I've read in years. Shallow at almost every point.

[Deleted]

At least I take the time to post an opinion. Either contradict me or don't bother with your pointless comments.

I await your reply to each of my incorrect points