[slowmo]

Anyone know what time this auction is taking place, loads of good stuff for sale.

[matbat]

and VAT at 17.5% maybe?

[koolchris99]

yer it says vat at 17.5% too... barstards... buy a love rat for 400 and pay another 200 in fees... great

[Pattycakes]

Ah well that's the auction biz for you. Still I think it's the way forward!

[pezlow]

VAT will just be on the commission and not on the purchase price of the lot

[Pattycakes]

oh well actually that's not too bad, looked at the fine details, it's only 19% if you bid directly with the auction house, Ebay charge an extra 3.5% if you bid on line with them

[koolchris99]

ah so its 22% plus vat on that. i get ya

[carlito]

so bid £200 under the going rate i guess

[jam]

Actually, you should be bidding 40% under the going rate!

[Pattycakes]

I am now terribly confused now. My maths is shocking. Commission is 19% plus vat on the commission so it's about 22% on top of the hammer. Phew.

[koolchris99]

the woman at the auction house emailed me today and she said its 22% on top of hammer price... so bid 500 get it for 610... a steal x

[bobbymeachamjr]

doesnt another 4% go to the artists' agent and another 3% if you use a credit card?

[manchestermike]

I take 1.35% of it too

[Pattycakes]

So with two auctions of Banksy prints coming up in the London sales what do people think will happen to the prices? I'm not sure, I have a feeling we're going to see a huge price jump - but perhaps not? What do people think?

[mammal2]

I would pick up a Neate on the bay now while they are cheap-ish and relax.

[mcnuts]

mammal2 said:

I would pick up a Neate on the bay now while they are cheap-ish and relax.

ask Pez.... ;D

[njr911]

what's for sale ?

[Pattycakes]

Well last time I spoke to them they had loads if I remember correctly, a couple of editioned canvases, a signed barcode, sepia morons morons, Westonsupermare, Soup cans, errr quite a few others too, I have a bit of a hangover today the brain is fuzzy!

[stuey09]

printguru said:

So with two auctions of Banksy prints coming up in the London sales what do people think will happen to the prices? I'm not sure, I have a feeling we're going to see a huge price jump - but perhaps not? What do people think?

I think you should probably read Pezlow's thread, then have a think about it

[Curley]

stuey09 said:

printguru said:

So with two auctions of Banksy prints coming up in the London sales what do people think will happen to the prices? I'm not sure, I have a feeling we're going to see a huge price jump - but perhaps not? What do people think?

I think you should probably read Pezlow's thread, then have a think about it

snap was going to say the same.

we dont care anymore ;D

[Pattycakes]

Where is that thread?

[baldwin]

banksyforum.proboards82.com/index.cgi?action=display&board=general&thread=1187771915&page=1

[Pattycakes]

I presume you mean the price one, yes I agree with what he's saying, but it's still something that I know all of us do care about.

Of course I love my prints or I wouldn't have bought them, but we're on a very different playing feild now, pictures that originally cost very little are now monetarily becoming life changing objects on the wall. For me it's daunting to know that I could literally buy a quarter of my flat with what my prints are worth - will I sell them right now, probably not, but it's sorely tempting.

[stuey09]

printguru said:

I presume you mean the price one, yes I agree with what he's saying, but it's still something that I know all of us do care about.

Of course I love my prints or I wouldn't have bought them, but we're on a very different playing feild now, pictures that originally cost very little are now monetarily becoming life changing objects on the wall. For me it's daunting to know that I could literally buy a quarter of my flat with what my prints are worth - will I sell them right now, probably not, but it's sorely tempting.

You're right, but the point that was made and it thankfully received some righteous acknowledgement, was that all this talk of money has become overwhelming when most people who post are more intersted on the artwork.

[baldwin]

printguru said:

I presume you mean the price one, yes I agree with what he's saying, but it's still something that I know all of us do care about.

Of course I love my prints or I wouldn't have bought them, but we're on a very different playing feild now, pictures that originally cost very little are now monetarily becoming life changing objects on the wall. For me it's daunting to know that I could literally buy a quarter of my flat with what my prints are worth - will I sell them right now, probably not, but it's sorely tempting.

Fair enough. It is an important topic to alot of people.

But it's all been said! There is nothing left to say. Prints values are either going to go up or down. What's the point in speculating? It's boring!

What is interesting is the real reason prices go up or down such as quality of the art, what the artist produces etc.

[Pattycakes]

True true, I can't argue with that at all!

[dgb133]

You're right, but the point that was made and it thankfully received some righteous acknowledgement, was that all this talk of money has become overwhelming when most people who post are more intersted on the artwork.

I don't think anyone is here on these boards that isn't more interested in the artwork than the price. The fact that the cost of it has slowly crept in to be such a hot topic though is a sign of things changing and a sign of how out of whack the message has become from the art and the price of it. Banksy's prints have become as much a form of currency as a piece of art - like it or not. It reminds me of the small band that hits it big and all of a sudden the success, fame, tension and greed tears the band apart. Not a perfect analogy but similar - will the same thing happen here? Will excess cost and fame "cost" Banksy his core audience? If you already have a nice Banksy collection that's great but to the outsiders who have to consider whether it's worth sacrificing so much to join the banksy print club it's a big issue.

What is interesting is the real reason prices go up or down such as quality of the art, what the artist produces etc.

Yeah but that's not the only reason anymore. Now it goes up and down because of hype and speculation too. That's the real problem.


---and what the hell is going on with PINK text up top? It's freaking me out.

[Pattycakes]

And that is the art world for you! Look at people like Charles Saatchi who basically made the YBA artist's of the early 90's, he bought virtually all of the work he could, held on to it for a few years, hyped it up and then unceremoniously sold everything at auction. Making him millions of £'s in profit, but actually screwing all the artist's who he supposedly loved and wanted to nurture. Now of course Hirst is a huge name and it's not affected him, but what about all the other artist's who wern't as fortunate, who's careers have been virtually destroyed because so many of their pictures were sold off - no longer wanted by the great art collector Saatchi.

[RBK]

Has anyone bought anything through Bloomsbury Auctions before?

And do they start the bidding at their low estimate number, or at more 'reasonable' starting points?

Thanks!

[uglyiq]

I know someone who's selling prints in the Oct Auction so I'll see what I can find out for you.
It's certainly a 'safe' place to buy - though we could debate how safe any auction house 'really' is

In terms of the prints for sale I've seen some of them (as I said some are part of a friend's collection)
& the condition is excellent...he's a top notch kid gloves collector...those prints haven't even been
breathed on harshly since they've been in his possession

Hope this helps