alk416
New Member
Posts โข 151
Likes โข 108
September 2014
|
Dreweatts Art Auctions ๐ฌ๐ง, by alk416 on Dec 2, 2015 18:57:17 GMT 1, Doesnt make sense when they could easily get more on the bay
Doesnt make sense when they could easily get more on the bay
|
|
Deleted
Posts โข 0
Likes โข
January 1970
|
Dreweatts Art Auctions ๐ฌ๐ง, by Deleted on Dec 2, 2015 19:16:35 GMT 1, Doesnt make sense when they could easily get more on the bay Auction house = no mess, hammer falls its sold.
Ebay = messers / non payers / moaners / postage / paypal.
Doesnt make sense when they could easily get more on the bay Auction house = no mess, hammer falls its sold. Ebay = messers / non payers / moaners / postage / paypal.
|
|
murphy1972
New Member
Posts โข 27
Likes โข 1
April 2013
|
Dreweatts Art Auctions ๐ฌ๐ง, by murphy1972 on Dec 2, 2015 19:32:50 GMT 1, i think you'll find your prices are incorrect
girl with balloon hammered at ยฃ17k and the love rate hammered at ยฃ15k
283 ยฃ3750 ยฃ4650 284 ยฃ5000 ยฃ6200 285 ยฃ17000 ยฃ21080 286 ยฃ2800 ยฃ3472 287 ยฃ10500 ยฃ13020 288 ยฃ3700 ยฃ4588 289 ยฃ5000
i think you'll find your prices are incorrect
girl with balloon hammered at ยฃ17k and the love rate hammered at ยฃ15k
283 ยฃ3750 ยฃ4650 284 ยฃ5000 ยฃ6200 285 ยฃ17000 ยฃ21080 286 ยฃ2800 ยฃ3472 287 ยฃ10500 ยฃ13020 288 ยฃ3700 ยฃ4588 289 ยฃ5000
|
|
Loobaz
New Member
Posts โข 319
Likes โข 170
July 2011
|
Dreweatts Art Auctions ๐ฌ๐ง, by Loobaz on Dec 2, 2015 20:04:15 GMT 1, i think you'll find your prices are incorrect girl with balloon hammered at ยฃ17k and the love rate hammered at ยฃ15k Babs gave Hammer prices (e.g. Girl With Balloon - ยฃ17k and LR - ยฃ15k), then I applied the Vendor's Fees to show what Sellers took from that.
Were any of Babs' other hammer prices incorrect?
i think you'll find your prices are incorrect girl with balloon hammered at ยฃ17k and the love rate hammered at ยฃ15k Babs gave Hammer prices (e.g. Girl With Balloon - ยฃ17k and LR - ยฃ15k), then I applied the Vendor's Fees to show what Sellers took from that. Were any of Babs' other hammer prices incorrect?
|
|
alk416
New Member
Posts โข 151
Likes โข 108
September 2014
|
Dreweatts Art Auctions ๐ฌ๐ง, by alk416 on Dec 2, 2015 20:15:49 GMT 1, Auction house = no mess, hammer falls its sold. Ebay = messers / non payers / moaners / postage / paypal. I like auction houses coz they use silk paper and that bubble wrap plastic thing, and fancy teip, ebayers tend to stick pubis hair on the for fifth time used tube, covered old adresses with brown teip, geuwgh.
I like ebay bc i can order whatever I want and then dispute the charge
Auction house = no mess, hammer falls its sold. Ebay = messers / non payers / moaners / postage / paypal. I like auction houses coz they use silk paper and that bubble wrap plastic thing, and fancy teip, ebayers tend to stick pubis hair on the for fifth time used tube, covered old adresses with brown teip, geuwgh. I like ebay bc i can order whatever I want and then dispute the charge
|
|
Harveyn
Forum Guardian
Full Member
Posts โข 7,686
Likes โข 4,839
July 2007
Staff Member
|
Dreweatts Art Auctions ๐ฌ๐ง, by Harveyn on Dec 2, 2015 20:27:17 GMT 1, i think you'll find your prices are incorrect girl with balloon hammered at ยฃ17k and the love rate hammered at ยฃ15k Babs gave Hammer prices (e.g. Girl With Balloon -ย ยฃ17k and LR -ย ยฃ15k), then I applied the Vendor's Fees to show what Sellers took from that. Were any of Babs' other hammer prices incorrect?
It's the age old debate. Your view on the result and any subsequent quote as to the market value based on the result will depend on whether you are a buyer or seller/holder at that time.
My view is simple.
The fact is a buyer bought at the hammer price plus premium, was happy to do so (excluding the occasional auction fever result) and therefore another potential buyer might also be happy to pay that price. Note I said might.
The fact is also true that the seller achieved the hammer fee less negotiated costs. What cannot be stated is that the seller was happy with the result or that any other seller would be happy to sell at the hammer less costs price.
i think you'll find your prices are incorrect girl with balloon hammered at ยฃ17k and the love rate hammered at ยฃ15k Babs gave Hammer prices (e.g. Girl With Balloon -ย ยฃ17k and LR -ย ยฃ15k), then I applied the Vendor's Fees to show what Sellers took from that. Were any of Babs' other hammer prices incorrect? It's the age old debate. Your view on the result and any subsequent quote as to the market value based on the result will depend on whether you are a buyer or seller/holder at that time. My view is simple. The fact is a buyer bought at the hammer price plus premium, was happy to do so (excluding the occasional auction fever result) and therefore another potential buyer might also be happy to pay that price. Note I said might. The fact is also true that the seller achieved the hammer fee less negotiated costs. What cannot be stated is that the seller was happy with the result or that any other seller would be happy to sell at the hammer less costs price.
|
|
|
Loobaz
New Member
Posts โข 319
Likes โข 170
July 2011
|
Dreweatts Art Auctions ๐ฌ๐ง, by Loobaz on Dec 2, 2015 20:43:22 GMT 1, Babs gave Hammer prices (e.g. Girl With Balloon - ยฃ17k and LR - ยฃ15k), then I applied the Vendor's Fees to show what Sellers took from that. Were any of Babs' other hammer prices incorrect? It's the age old debate. Your view on the result and any subsequent quote as to the market value based on the result will depend on whether you are a buyer or seller/holder at that time. My view is simple. The fact is a buyer bought at the hammer price plus premium, was happy to do so (excluding the occasional auction fever result) and therefore another potential buyer might also be happy to pay that price. Note I said might. The fact is also true that the seller achieved the hammer fee less negotiated costs. What cannot be stated is that the seller was happy with the result or that any other seller would be happy to sell at the hammer less costs price. Yep, completely agree with you there, N. I was simply replying to brookvale's question:
Babs gave Hammer prices (e.g. Girl With Balloon - ยฃ17k and LR - ยฃ15k), then I applied the Vendor's Fees to show what Sellers took from that. Were any of Babs' other hammer prices incorrect? It's the age old debate. Your view on the result and any subsequent quote as to the market value based on the result will depend on whether you are a buyer or seller/holder at that time. My view is simple. The fact is a buyer bought at the hammer price plus premium, was happy to do so (excluding the occasional auction fever result) and therefore another potential buyer might also be happy to pay that price. Note I said might. The fact is also true that the seller achieved the hammer fee less negotiated costs. What cannot be stated is that the seller was happy with the result or that any other seller would be happy to sell at the hammer less costs price. Yep, completely agree with you there, N. I was simply replying to brookvale's question:
|
|
Harveyn
Forum Guardian
Full Member
Posts โข 7,686
Likes โข 4,839
July 2007
Staff Member
|
Dreweatts Art Auctions ๐ฌ๐ง, by Harveyn on Dec 2, 2015 20:45:57 GMT 1, Sorry Loobaz I was working off my mobile and meant to hit reply as opposed to referencing your comment.
Sorry Loobaz I was working off my mobile and meant to hit reply as opposed to referencing your comment.
|
|
Deleted
Posts โข 0
Likes โข
January 1970
|
Dreweatts Art Auctions ๐ฌ๐ง, by Deleted on Dec 2, 2015 20:50:52 GMT 1, I like auction houses coz they use silk paper and that bubble wrap plastic thing, and fancy teip, ebayers tend to stick pubis hair on the for fifth time used tube, covered old adresses with brown teip, geuwgh. I like ebay bc i can order whatever I want and then dispute the charge Obviously a trustworthy person then! Please send me your details so I know
"NEVER TO FU##ING DEAL WITH YOU"
I like auction houses coz they use silk paper and that bubble wrap plastic thing, and fancy teip, ebayers tend to stick pubis hair on the for fifth time used tube, covered old adresses with brown teip, geuwgh. I like ebay bc i can order whatever I want and then dispute the charge Obviously a trustworthy person then! Please send me your details so I know "NEVER TO FU##ING DEAL WITH YOU"
|
|
Loobaz
New Member
Posts โข 319
Likes โข 170
July 2011
|
Dreweatts Art Auctions ๐ฌ๐ง, by Loobaz on Dec 2, 2015 21:12:37 GMT 1, Sorry Loobaz I was working off my mobile and meant to hit reply as opposed to referencing your comment. No worries at all.
With regards to your earlier post, though - I would assume that in this case, sellers must be relatively content with the results. Some lots achieved right in the middle of the estimates, most achieved the top end, and a couple smashed the estimates. Sellers would have been aware going in what the estimates would leave them after fees, so I imagine they'd be happy with these results.
I agree, mind you, that whether or not other sellers would be happy at these levels is another story!
Sorry Loobaz I was working off my mobile and meant to hit reply as opposed to referencing your comment. No worries at all. With regards to your earlier post, though - I would assume that in this case, sellers must be relatively content with the results. Some lots achieved right in the middle of the estimates, most achieved the top end, and a couple smashed the estimates. Sellers would have been aware going in what the estimates would leave them after fees, so I imagine they'd be happy with these results. I agree, mind you, that whether or not other sellers would be happy at these levels is another story!
|
|
damo
New Member
Posts โข 321
Likes โข 602
June 2015
|
Dreweatts Art Auctions ๐ฌ๐ง, by damo on Dec 3, 2015 12:06:46 GMT 1, I sold the GWB yesterday at this auction and thought I'd comment based on that last post. I've had that print for nearly ten years and it was never bought as an investment. It was a difficult decision to sell but circumstances, etc, anyway I did call around and there was such variation in prices being offered that I concluded the only way to get a fair market price was to put it to auction. In the end it achieved more than I ever expected and was certainly more than I was offered anywhere else. That was what drove the decision to sell it that way and the auction house were, quite frankly, very keen.
As as an aside for anyone in the same boat it's worth noting that the prices/commissions stated are market rates, as such they are quite negotiable and if it's something they are keen on (as they were with GWB) those % came down pretty quickly. I guess the reality is they knew a handful of Banksys would bring traffic in as it appeared to do. As a seller you realise that the house is taking a good cut but I don't see a huge diff with selling it to a gallery, they have to see a mark up to sell it on themselves or it's just vanity. Ideally I would have sold it to someone who would see it for what it is, and not an investment, but I think that ship sailed some time ago on these.
I was in the room and one buyer took pretty much all of the Banksys over the phone, and did some pretty aggressive bidding on a couple. I'm guessing it was a dealer. Ironically the only one they didn't bid for at all was ... Morons.
I sold the GWB yesterday at this auction and thought I'd comment based on that last post. I've had that print for nearly ten years and it was never bought as an investment. It was a difficult decision to sell but circumstances, etc, anyway I did call around and there was such variation in prices being offered that I concluded the only way to get a fair market price was to put it to auction. In the end it achieved more than I ever expected and was certainly more than I was offered anywhere else. That was what drove the decision to sell it that way and the auction house were, quite frankly, very keen.
As as an aside for anyone in the same boat it's worth noting that the prices/commissions stated are market rates, as such they are quite negotiable and if it's something they are keen on (as they were with GWB) those % came down pretty quickly. I guess the reality is they knew a handful of Banksys would bring traffic in as it appeared to do. As a seller you realise that the house is taking a good cut but I don't see a huge diff with selling it to a gallery, they have to see a mark up to sell it on themselves or it's just vanity. Ideally I would have sold it to someone who would see it for what it is, and not an investment, but I think that ship sailed some time ago on these.
I was in the room and one buyer took pretty much all of the Banksys over the phone, and did some pretty aggressive bidding on a couple. I'm guessing it was a dealer. Ironically the only one they didn't bid for at all was ... Morons.
|
|
met
Junior Member
Posts โข 2,682
Likes โข 6,289
June 2009
|
Dreweatts Art Auctions ๐ฌ๐ง, by met on Dec 3, 2015 13:19:09 GMT 1, I sold the GWB yesterday at this auction and thought I'd comment based on that last post. I've had that print for nearly ten years and it was never bought as an investment. It was a difficult decision to sell but circumstances, etc, anyway I did call around and there was such variation in prices being offered that I concluded the only way to get a fair market price was to put it to auction. In the end it achieved more than I ever expected and was certainly more than I was offered anywhere else. That was what drove the decision to sell it that way and the auction house were, quite frankly, very keen. As as an aside for anyone in the same boat it's worth noting that the prices/commissions stated are market rates, as such they are quite negotiable and if it's something they are keen on (as they were with GWB) those % came down pretty quickly. I guess the reality is they knew a handful of Banksys would bring traffic in as it appeared to do. As a seller you realise that the house is taking a good cut but I don't see a huge diff with selling it to a gallery, they have to see a mark up to sell it on themselves or it's just vanity. Ideally I would have sold it to someone who would see it for what it is, and not an investment, but I think that ship sailed some time ago on these. I was in the room and one buyer took pretty much all of the Banksys over the phone, and did some pretty aggressive bidding on a couple. I'm guessing it was a dealer. Ironically the only one they didn't bid for at all was ... Morons. An eloquent and informative first post, at least under this username.
I hope to read more from you in the future.
I sold the GWB yesterday at this auction and thought I'd comment based on that last post. I've had that print for nearly ten years and it was never bought as an investment. It was a difficult decision to sell but circumstances, etc, anyway I did call around and there was such variation in prices being offered that I concluded the only way to get a fair market price was to put it to auction. In the end it achieved more than I ever expected and was certainly more than I was offered anywhere else. That was what drove the decision to sell it that way and the auction house were, quite frankly, very keen. As as an aside for anyone in the same boat it's worth noting that the prices/commissions stated are market rates, as such they are quite negotiable and if it's something they are keen on (as they were with GWB) those % came down pretty quickly. I guess the reality is they knew a handful of Banksys would bring traffic in as it appeared to do. As a seller you realise that the house is taking a good cut but I don't see a huge diff with selling it to a gallery, they have to see a mark up to sell it on themselves or it's just vanity. Ideally I would have sold it to someone who would see it for what it is, and not an investment, but I think that ship sailed some time ago on these. I was in the room and one buyer took pretty much all of the Banksys over the phone, and did some pretty aggressive bidding on a couple. I'm guessing it was a dealer. Ironically the only one they didn't bid for at all was ... Morons. An eloquent and informative first post, at least under this username. I hope to read more from you in the future.
|
|
damo
New Member
Posts โข 321
Likes โข 602
June 2015
|
Dreweatts Art Auctions ๐ฌ๐ง, by damo on Dec 3, 2015 13:44:45 GMT 1, Thank you, that's very kind. Unfortunately I've now sold the only artistic thing I owned of any real (financial) value but will continue to, attempt, at updating my knowledge through these forums.
On plus side I now have a big hole on our bedroom wall and a little bit of cash in my pocket so am looking forward to spotting something that can give me as much pleasure as the Banksy did. My 8yr old daughter is the most gutted. She always thought that print was a picture of her, and as a result for years insisted on buying helium balloons, and would then let them go within about two minutes to replicate 'the picture'! I guess art inspires different people in different ways ;-)
Thank you, that's very kind. Unfortunately I've now sold the only artistic thing I owned of any real (financial) value but will continue to, attempt, at updating my knowledge through these forums.
On plus side I now have a big hole on our bedroom wall and a little bit of cash in my pocket so am looking forward to spotting something that can give me as much pleasure as the Banksy did. My 8yr old daughter is the most gutted. She always thought that print was a picture of her, and as a result for years insisted on buying helium balloons, and would then let them go within about two minutes to replicate 'the picture'! I guess art inspires different people in different ways ;-)
|
|
Phear Loathing
Junior Member
Posts โข 1,376
Likes โข 420
October 2010
|
Dreweatts Art Auctions ๐ฌ๐ง, by Phear Loathing on Dec 3, 2015 15:56:38 GMT 1, Thank you, that's very kind. Unfortunately I've now sold the only artistic thing I owned of any real (financial) value but will continue to, attempt, at updating my knowledge through these forums. On plus side I now have a big hole on our bedroom wall and a little bit of cash in my pocket so am looking forward to spotting something that can give me as much pleasure as the Banksy did. My 8yr old daughter is the most gutted. She always thought that print was a picture of her, and as a result for years insisted on buying helium balloons, and would then let them go within about two minutes to replicate 'the picture'! I guess art inspires different people in different ways ;-)
One of the sweeter things I've read on the forum.
Halk part of that sales cash into a college fund
Thank you, that's very kind. Unfortunately I've now sold the only artistic thing I owned of any real (financial) value but will continue to, attempt, at updating my knowledge through these forums. On plus side I now have a big hole on our bedroom wall and a little bit of cash in my pocket so am looking forward to spotting something that can give me as much pleasure as the Banksy did. My 8yr old daughter is the most gutted. She always thought that print was a picture of her, and as a result for years insisted on buying helium balloons, and would then let them go within about two minutes to replicate 'the picture'! I guess art inspires different people in different ways ;-) One of the sweeter things I've read on the forum. Halk part of that sales cash into a college fund
|
|
|
mega
New Member
Posts โข 112
Likes โข 105
January 2014
|
Dreweatts Art Auctions ๐ฌ๐ง, by mega on Dec 3, 2015 16:43:43 GMT 1, Hilarious....
|
|
Viking Surfer
Junior Member
Posts โข 2,389
Likes โข 3,504
February 2015
|
Dreweatts Art Auctions ๐ฌ๐ง, by Viking Surfer on Dec 4, 2015 23:04:30 GMT 1, Watched and bid in the auction, my bid for the Grannies was at 2600, the next bid (after the 2800) would have been 3k. Which after BP, I'd rather put the combined 4k towards a signed Banksy.
Shame as I do like Grannies.
The Morons unsigned had a 40cm crease in it too, which put me off bidding (I contacted the gallery for a condition report).
Watched and bid in the auction, my bid for the Grannies was at 2600, the next bid (after the 2800) would have been 3k. Which after BP, I'd rather put the combined 4k towards a signed Banksy.
Shame as I do like Grannies.
The Morons unsigned had a 40cm crease in it too, which put me off bidding (I contacted the gallery for a condition report).
|
|
alk416
New Member
Posts โข 151
Likes โข 108
September 2014
|
Dreweatts Art Auctions ๐ฌ๐ง, by alk416 on Dec 5, 2015 12:00:28 GMT 1, Damo - can you confirm the math that was done above is correct?
that your take from gwb was 14.2k?
Damo - can you confirm the math that was done above is correct?
that your take from gwb was 14.2k?
|
|
damo
New Member
Posts โข 321
Likes โข 602
June 2015
|
Dreweatts Art Auctions ๐ฌ๐ง, by damo on Dec 5, 2015 12:17:28 GMT 1, Not quite. I haven't had any paperwork back confirming test but I'm expecting around ยฃ15,400 on agreed terms. To be fair I've looked back at some of the notes I had in from a few galleries and I actually probably would have received a little bit more by going via them. Conversely wouldn't have the potential upside and I wouldn't have the nerves to risk eBay, so I'm still happy with route I took.
Need to to behave myself now though as I've already treated myself to the Miss Bugs release from Thursday!
Not quite. I haven't had any paperwork back confirming test but I'm expecting around ยฃ15,400 on agreed terms. To be fair I've looked back at some of the notes I had in from a few galleries and I actually probably would have received a little bit more by going via them. Conversely wouldn't have the potential upside and I wouldn't have the nerves to risk eBay, so I'm still happy with route I took.
Need to to behave myself now though as I've already treated myself to the Miss Bugs release from Thursday!
|
|
Viking Surfer
Junior Member
Posts โข 2,389
Likes โข 3,504
February 2015
|
Dreweatts Art Auctions ๐ฌ๐ง, by Viking Surfer on Dec 5, 2015 14:38:58 GMT 1, Thank you, that's very kind. Unfortunately I've now sold the only artistic thing I owned of any real (financial) value but will continue to, attempt, at updating my knowledge through these forums. On plus side I now have a big hole on our bedroom wall and a little bit of cash in my pocket so am looking forward to spotting something that can give me as much pleasure as the Banksy did. My 8yr old daughter is the most gutted. She always thought that print was a picture of her, and as a result for years insisted on buying helium balloons, and would then let them go within about two minutes to replicate 'the picture'! I guess art inspires different people in different ways ;-)
That was really nice to read, thanks for that
Thank you, that's very kind. Unfortunately I've now sold the only artistic thing I owned of any real (financial) value but will continue to, attempt, at updating my knowledge through these forums. On plus side I now have a big hole on our bedroom wall and a little bit of cash in my pocket so am looking forward to spotting something that can give me as much pleasure as the Banksy did. My 8yr old daughter is the most gutted. She always thought that print was a picture of her, and as a result for years insisted on buying helium balloons, and would then let them go within about two minutes to replicate 'the picture'! I guess art inspires different people in different ways ;-) That was really nice to read, thanks for that
|
|
alk416
New Member
Posts โข 151
Likes โข 108
September 2014
|
Dreweatts Art Auctions ๐ฌ๐ง, by alk416 on Dec 5, 2015 19:39:33 GMT 1, Not quite. I haven't had any paperwork back confirming test but I'm expecting around ยฃ15,400 on agreed terms. To be fair I've looked back at some of the notes I had in from a few galleries and I actually probably would have received a little bit more by going via them. Conversely wouldn't have the potential upside and I wouldn't have the nerves to risk eBay, so I'm still happy with route I took.ย Need to to behave myself now though as I've already treated myself to the Miss Bugs release from Thursday!ย
Yah i dont blame you for wanting the security of an auction...
Just pains me to hear bc i had placed a bid online for 16.5 plus buyers premium which should have landed me at 21 and ive been chasing this print for a bit
Not quite. I haven't had any paperwork back confirming test but I'm expecting around ยฃ15,400 on agreed terms. To be fair I've looked back at some of the notes I had in from a few galleries and I actually probably would have received a little bit more by going via them. Conversely wouldn't have the potential upside and I wouldn't have the nerves to risk eBay, so I'm still happy with route I took.ย Need to to behave myself now though as I've already treated myself to the Miss Bugs release from Thursday!ย Yah i dont blame you for wanting the security of an auction... Just pains me to hear bc i had placed a bid online for 16.5 plus buyers premium which should have landed me at 21 and ive been chasing this print for a bit
|
|
damo
New Member
Posts โข 321
Likes โข 602
June 2015
|
Dreweatts Art Auctions ๐ฌ๐ง, by damo on Jan 8, 2016 15:26:31 GMT 1, Just had a note from Dreweatts and the buyer still hasn't paid (for the unsigned GWB). Im not sure what legal position that puts me in now as its been well over 28 days since the auction. I am tempted to get them to send it back and i'll offer it on here (once i get to 50 posts obviously ;-) as a sale price without the buyers premium would be lower than the total cost for the 'winning bid'. Although that doesn't really work if they still insist on their commission obviously.
Its pretty frustrating actually, the buyers fault but delays in payment like this are a downside of auction v. private sale i guess. Is this a common occurrence or have i just been unlucky?
Just had a note from Dreweatts and the buyer still hasn't paid (for the unsigned GWB). Im not sure what legal position that puts me in now as its been well over 28 days since the auction. I am tempted to get them to send it back and i'll offer it on here (once i get to 50 posts obviously ;-) as a sale price without the buyers premium would be lower than the total cost for the 'winning bid'. Although that doesn't really work if they still insist on their commission obviously.
Its pretty frustrating actually, the buyers fault but delays in payment like this are a downside of auction v. private sale i guess. Is this a common occurrence or have i just been unlucky?
|
|
Poster Bob
Junior Member
Posts โข 5,805
Likes โข 5,418
September 2013
|
Dreweatts Art Auctions ๐ฌ๐ง, by Poster Bob on Jan 8, 2016 16:12:31 GMT 1, Just had a note from Dreweatts and the buyer still hasn't paid (for the unsigned GWB). Im not sure what legal position that puts me in now as its been well over 28 days since the auction. I am tempted to get them to send it back and i'll offer it on here (once i get to 50 posts obviously ;-) as a sale price without the buyers premium would be lower than the total cost for the 'winning bid'. Although that doesn't really work if they still insist on their commission obviously. Its pretty frustrating actually, the buyers fault but delays in payment like this are a downside of auction v. private sale i guess. Is this a common occurrence or have i just been unlucky? Your print was most likely bought by a gallery. Once they sell it, and their buyer pays them, they'll then pay the auction house and they'll pay you. The last time I sold items at auction I waited around 2 months before I received payment.
Just had a note from Dreweatts and the buyer still hasn't paid (for the unsigned GWB). Im not sure what legal position that puts me in now as its been well over 28 days since the auction. I am tempted to get them to send it back and i'll offer it on here (once i get to 50 posts obviously ;-) as a sale price without the buyers premium would be lower than the total cost for the 'winning bid'. Although that doesn't really work if they still insist on their commission obviously. Its pretty frustrating actually, the buyers fault but delays in payment like this are a downside of auction v. private sale i guess. Is this a common occurrence or have i just been unlucky? Your print was most likely bought by a gallery. Once they sell it, and their buyer pays them, they'll then pay the auction house and they'll pay you. The last time I sold items at auction I waited around 2 months before I received payment.
|
|
|
damo
New Member
Posts โข 321
Likes โข 602
June 2015
|
Dreweatts Art Auctions ๐ฌ๐ง, by damo on Jan 8, 2016 16:20:48 GMT 1, Just had a note from Dreweatts and the buyer still hasn't paid (for the unsigned GWB). Im not sure what legal position that puts me in now as its been well over 28 days since the auction. I am tempted to get them to send it back and i'll offer it on here (once i get to 50 posts obviously ;-) as a sale price without the buyers premium would be lower than the total cost for the 'winning bid'. Although that doesn't really work if they still insist on their commission obviously. Its pretty frustrating actually, the buyers fault but delays in payment like this are a downside of auction v. private sale i guess. Is this a common occurrence or have i just been unlucky? Your print was most likely bought by a gallery. Once they sell it, and their buyer pays them, they'll then pay the auction house and they'll pay you. The last time I sold items at auction I waited around 2 months before I received payment. Do I have any right to go back and just ask for the print to be returned as its been over 6 weeks? Appreciate there would be some administrative costs if I do that but would they still apply and charge their commission also?
(They have actually just got back to me and seem very relaxed about it all, well far more relaxed than my current overdraft is!)
Just had a note from Dreweatts and the buyer still hasn't paid (for the unsigned GWB). Im not sure what legal position that puts me in now as its been well over 28 days since the auction. I am tempted to get them to send it back and i'll offer it on here (once i get to 50 posts obviously ;-) as a sale price without the buyers premium would be lower than the total cost for the 'winning bid'. Although that doesn't really work if they still insist on their commission obviously. Its pretty frustrating actually, the buyers fault but delays in payment like this are a downside of auction v. private sale i guess. Is this a common occurrence or have i just been unlucky? Your print was most likely bought by a gallery. Once they sell it, and their buyer pays them, they'll then pay the auction house and they'll pay you. The last time I sold items at auction I waited around 2 months before I received payment. Do I have any right to go back and just ask for the print to be returned as its been over 6 weeks? Appreciate there would be some administrative costs if I do that but would they still apply and charge their commission also? (They have actually just got back to me and seem very relaxed about it all, well far more relaxed than my current overdraft is!)
|
|
Poster Bob
Junior Member
Posts โข 5,805
Likes โข 5,418
September 2013
|
Dreweatts Art Auctions ๐ฌ๐ง, by Poster Bob on Jan 8, 2016 17:07:21 GMT 1, Your print was most likely bought by a gallery. Once they sell it, and their buyer pays them, they'll then pay the auction house and they'll pay you. The last time I sold items at auction I waited around 2 months before I received payment. Do I have any right to go back and just ask for the print to be returned as its been over 6 weeks? Appreciate there would be some administrative costs if I do that but would they still apply and charge their commission also? (They have actually just got back to me and seem very relaxed about it all, well far more relaxed than my current overdraft is!) You'd have to read the contract to see if they guarantee payment within X amount of time but I highly doubt that they do. If you were to try and get the print back you'd most likely be liable for a heap of fees so high as to make it not worth it. A month isn't a long time to have to wait for payment from an auction house and I can see why their reply may appear nonchalant to you.
Your print was most likely bought by a gallery. Once they sell it, and their buyer pays them, they'll then pay the auction house and they'll pay you. The last time I sold items at auction I waited around 2 months before I received payment. Do I have any right to go back and just ask for the print to be returned as its been over 6 weeks? Appreciate there would be some administrative costs if I do that but would they still apply and charge their commission also? (They have actually just got back to me and seem very relaxed about it all, well far more relaxed than my current overdraft is!) You'd have to read the contract to see if they guarantee payment within X amount of time but I highly doubt that they do. If you were to try and get the print back you'd most likely be liable for a heap of fees so high as to make it not worth it. A month isn't a long time to have to wait for payment from an auction house and I can see why their reply may appear nonchalant to you.
|
|
DrWhite
Junior Member
Posts โข 4,107
Likes โข 5,395
August 2012
|
|
|
WOOF
Junior Member
Posts โข 4,457
Likes โข 4,753
March 2014
|
Dreweatts Art Auctions ๐ฌ๐ง, by WOOF on Mar 7, 2016 23:56:02 GMT 1, Re: the stik, I suspect we'll be seeing a lot of stik's at auction over the next year. Apparently phillips was inundated with requests to consign after the last auction result. So much so in fact that they won't be taking any more until Jan '17.
Re: the stik, I suspect we'll be seeing a lot of stik's at auction over the next year. Apparently phillips was inundated with requests to consign after the last auction result. So much so in fact that they won't be taking any more until Jan '17.
|
|
Deleted
Posts โข 0
Likes โข
January 1970
|
Dreweatts Art Auctions ๐ฌ๐ง, by Deleted on Mar 9, 2016 18:59:39 GMT 1, Re: the stik, I suspect we'll be seeing a lot of stik's at auction over the next year. Apparently phillips was inundated with requests to consign after the last auction result. So much so in fact that they won't be taking any more until Jan '17. Why were people seling? Don't they like them anymore?
Re: the stik, I suspect we'll be seeing a lot of stik's at auction over the next year. Apparently phillips was inundated with requests to consign after the last auction result. So much so in fact that they won't be taking any more until Jan '17. Why were people seling? Don't they like them anymore?
|
|
WOOF
Junior Member
Posts โข 4,457
Likes โข 4,753
March 2014
|
Dreweatts Art Auctions ๐ฌ๐ง, by WOOF on Mar 9, 2016 19:36:23 GMT 1, Re: the stik, I suspect we'll be seeing a lot of stik's at auction over the next year. Apparently phillips was inundated with requests to consign after the last auction result. So much so in fact that they won't be taking any more until Jan '17. Why were people seling? Don't they like them anymore? It possible they like the possibility of ยฃ8,750 in their pocket more.
Re: the stik, I suspect we'll be seeing a lot of stik's at auction over the next year. Apparently phillips was inundated with requests to consign after the last auction result. So much so in fact that they won't be taking any more until Jan '17. Why were people seling? Don't they like them anymore? It possible they like the possibility of ยฃ8,750 in their pocket more.
|
|
Deleted
Posts โข 0
Likes โข
January 1970
|
Dreweatts Art Auctions ๐ฌ๐ง, by Deleted on Mar 10, 2016 12:27:21 GMT 1, Why were people seling? Don't they like them anymore? It possible they like the possibility of ยฃ8,750 in their pocket more. So is Phillips etc controlling the market by not accepting every Stik that is submitted?
Why were people seling? Don't they like them anymore? It possible they like the possibility of ยฃ8,750 in their pocket more. So is Phillips etc controlling the market by not accepting every Stik that is submitted?
|
|
Fake
Artist
Junior Member
Posts โข 2,376
Likes โข 2,143
July 2008
|
Dreweatts Art Auctions ๐ฌ๐ง, by Fake on Mar 13, 2016 21:18:37 GMT 1, All of the Banksy prints look damaged... or horribly framed with tape or adhesive.
All of the Banksy prints look damaged... or horribly framed with tape or adhesive.
|
|