[bobbymeachamjr]

I've bought from them in the past - last one in july
YOU CAN FORGET IT IF YOU ARE EVEN REMOTELY THINKING ABOUT GETTING ANY SEMBLANCE OF A DEAL.
You'll be paying a premium price. That is, pretty much higher than anywhere else. Its for people who have disposable cash - peeps who don't follow day to day the prices on ebay...

rklimek said:

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!

[RBK]

rklimek said:

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

This is the question I'm most interested in getting an answer to.

[headphonesex]

bobbymeachamjr said:

I've bought from them in the past - last one in july
YOU CAN FORGET IT IF YOU ARE EVEN REMOTELY THINKING ABOUT GETTING ANY SEMBLANCE OF A DEAL.
You'll be paying a premium price. That is, pretty much higher than anywhere else. Its for people who have disposable cash - peeps who don't follow day to day the prices on ebay...

rklimek said:

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!

Also bear in mind that:
"If your bid is successful a premium of 19% (on the first £150,000 of a single lot and 10% thereafter) will be added to the hammer price."

[RBK]

That's why I'm trying to figure out if it is even worth it to register - if they start the auctions at the low estimate amount it's probably not worth it. A bunch for sale on the 12th.

[pw]

www.bloomsburyauctions.com/auction/627/Contemporary_Pop_Art_

[pezlow]

They will probably run the auction through liveauction on ebay rk. They do start the initial bids at slightly lower than estimate unless they have more than one commission bid on the books. Bobby's comments are right, certainly for the banksy prints. If you are after some other artists who are not so hot there are bargains to be had....

[christoffero]

I watched the last auction at Bloomsbury and was logged on to bid.
It's certainly the place to sell as the prices went mad.
The prices on ebay for Micallef and others including the Hirst exhibition posters shot up within hours on the back of it.

[pw]

www.bloomsburyauctions.com/detail/627/192.0

I love the fact the a Morons is being sold at auction. I wonder if bidders will be put off!

[JD]

pw said:

www.bloomsburyauctions.com/detail/627/192.0

I love the fact the a Morons is being sold at auction. I wonder if bidders will be put off!

LOL
If I was the auctioneer I would have to have a little dig, wouldnt you?

[trowel]

Some of their estimates seem a little off - Soup Can just £800-£1200 (ed. 250) compared with Flags at £800-£1000 (ed. 1000)? Golf Sale (ed.750) double what it should be at £2000-£3000?!

And No-One Understands Me £1500-£2000 (ed. 95) compared with Judgement Day £1800-£2200 (ed. 500)?!

[pw]

trowel said:

Some of their estimates seem a little off - Soup Can just £800-£1200 (ed. 250) compared with Flags at £800-£1000 (ed. 1000)? Golf Sale (ed.750) double what it should be at £2000-£3000?!

And No-One Understands Me £1500-£2000 (ed. 95) compared with Judgement Day £1800-£2200 (ed. 500)?!

they normally keep the estimates low. they would say it helps attract interest but if i was being cynical I'd say that it also means that they will almost definately sell and therefore their commission is assured. the higher estimates may be on the insistence of the seller. or maybe bloomsbury just didnt put much thought into it.

[bobbymeachamjr]

as I recall the lower estimates are for insurance purposes - the havey lower estimates = lower insurance fees.

[jipsy]

Can the seller put a minimum sale price on his prints or is it just what the highest bid is?
You could ge stuffed if the right people aren't in the room.
Almost like an auction I suppose .

[crazyhorse]

rklimek said:

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!

All auctions start at below lower estimate which is effectively the reserve price. Many auction houses also typically sell at 10% below the lower estimate too - it just varies from auction house to auction house, from item to item and from vendor to vendor. Hope this helps!

[pezlow]

jipsy said:

Can the seller put a minimum sale price on his prints or is it just what the highest bid is?
You could ge stuffed if the right people aren't in the room.
Almost like an auction I suppose .

All auction houses will allow you to set a reserve on a piece, although often the auctioneer will exercise his discretion and sell at, say 90% of the reserve.

The big auction houses charge you an unsold fee if the item you are selling does not hit its reserve

[uglyiq]

...just to confirm what been said here before, this comes from Bloomsbury contact...

'Bidding starts well below the the low estimate unless two confirmed bidders have already
raised the bar before bidding officially starts'

[Montubu7]

Is there still time to put something up for auction?

[pw]

thomas said:

Is there still time to put something up for auction?

way too late. the catalouge has already been sent out. got mine yesterday!

[Pattycakes]

they have another in November, which closes in about 3 weeks

[Montubu7]

Cheers guys...

[crimewave2007]

ive brought from bloombury before there a class auction site full of pretty woman wearing black leather jackets class joint

[Pattycakes]

Went to view this today, some really great things. Banksys and Micallefs all look pretty awesome, though I have my eye on the Sarah Lucas portraits, have always loved those.

[endtimes]

Any mention on these forums about the overall weak sales at Bloomsbury last week?

A Banksy canvas went for £12k I think - the opening bid was supposed to be twice that but got cut due to weak prices. Applause went for £500 a Signed Grannies went for £3000 ...which means the seller will get net about £2500! Although a couple prints did sell well.

BUT a 21CL litho went for only £3800!!!

Like I said before ...the party's over.

You don't have to go home but you can't stay here.

Glad to see things cooling off and send a message to the flippers and speculators that there's no such thing as a sure bet in art. Not even with the coveted Banksy.

[numusic]

endtimes said:

Any mention on these forums about the overall weak sales at Bloomsbury last week?

A Banksy canvas went for £12k I think - the opening bid was supposed to be twice that but got cut due to weak prices. Applause went for £500 a Signed Grannies went for £3000 ...which means the seller will get net about £2500! Although a couple prints did sell well.

BUT a 21CL litho went for only £3800!!!

Like I said before ...the party's over.

You don't have to go home but you can't stay here.

Glad to see things cooling off and send a message to the flippers and speculators that there's no such thing as a sure bet in art. Not even with the coveted Banksy.

Party's over ? ha ha.. it's only just begun mate. Bloomsbury auction was a shambles..a bunch of unsigned prints, a BBQ top without prov and one unframed HW. And held at probably the most exciting week for art all year. Massive competition from everywhere...there just wasn't the interest from punters to go to the auction... badly timed, badly promoted, nothing to get people in..

The Canvas you mention didn't sell (28k reserve), The 21stC didn't sell (6k reserve), Grannies 3k...no big deal.. Applause 750 with premium etc..

So sorry dude.. as for the party analogy.. not much of a party, you seen the price of the drinks ?

[endtimes]

ha ha... If there was a 28k reserve on the canvas why did the opening bid get slashed from 24k to 12k?

Anyway it doesn't matter you can put a reserve of a million on your print, who cares, the point is this stuff isn't even coming close to the reserve price that the greedy ass sellers are asking for. Serves them right as they'll now have to pay an auction fee and expenses even if it didn't sell. Applause may have been £750 with premium but the seller took home about £400! That's the main point. (That people are and may be taking a loss ) And the other point is that this stuff isn't exactly a slam dunk in the fickle fine art community.

You can try and make excuses about "competition" and that's why prices are hurting not just there but on ebay as well. If you don't want to see the writing on the wall I can't help you. And I hope all of the folks that were screaming don't sell your prints now! (two-three months ago when prices were loopy) Because there's no place to go but up and they'll be worth even more in a couple more months — get their arse handed to them.

[numusic]

endtimes said:

ha ha... If there was a 28k reserve on the canvas why did the opening bid get slashed from 24k to 12k?

Anyway it doesn't matter you can put a reserve of a million on your print, who cares, the point is this stuff isn't even coming close to the reserve price that the greedy ass sellers are asking for. Serves them right as they'll now have to pay an auction fee and expenses even if it didn't sell. Applause may have been £750 with premium but the seller took home about £400! That's the main point. (That people are and may be taking a loss ) And the other point is that this stuff isn't exactly a slam dunk in the fickle fine art community.

You can try and make excuses about "competition" and that's why prices are hurting not just there but on ebay as well. If you don't want to see the writing on the wall I can't help you. And I hope all of the folks that were screaming don't sell your prints now! (two-three months ago when prices were loopy) Because there's no place to go but up and they'll be worth even more in a couple more months — get their arse handed to them.

And go on, keep on negging, yeah! Very mature ...

ahh, i get it. You don't have any and wish you did right ?. Sorry, mybad thought you were into Banksy and maybe bought some years ago for 50 quid.. oh, sorry again, not years.. year.. 74.99 last year weren't they. So you see, people into Banksy's work and values.. well.. they don't really give a toss how much it's worth, not really, it's been a nice interesting bonus seeing them go up, it'll be equally interesting seeing em come down. So hopefully people who want to support the work, can get one too. Maybe your rage should be directed on another forum...

[endtimes]

ahh, i get it. You don't have any and wish you did right ?. Sorry, mybad thought you were into Banksy and maybe bought some years ago for 50 quid.. oh, sorry again, not years.. year.. 74.99 last year weren't they. So you see, people into Banksy's work and values.. well.. they don't really give a toss how much it's worth, not really, it's been a nice interesting bonus seeing them go up, it'll be equally interesting seeing em come down. So hopefully people who want to support the work, can get one too. Maybe your rage should be directed on another forum...

Are you ranting? Venting? What's your point? I've seen plenty of people who bought Banksy prints for 50 quid come on this forum and try to squeeze thousands out of people. Are these the people into "Banksy's work and values" you speak of? You got a point?

[bobbymeachamjr]

I've already stated my position that there will be many 5 dollar bins for prints selling currently for hundreds @retail. It'll take another 2-3 years. That said theres still plenty of "money to be made" right now. Signed Trolleys will easily sell for 5K gbp. The notion of "The Canvas you mention didn't sell (28k reserve), The 21stC didn't sell (6k reserve)..." is absurd - ITS BAD THAT IT DIDNT SELL Lol. Worth repeating, something is worth as much as somebody is willing to pay for it

[endtimes]

Who cares about the reserve. The point is it could ony fetch £3800 for a 21CL at an esteemed auction house where typically prices are MUCH higher than ebay. When something gets "bought in" at auction or the opening bid gets halved it's a bad thing and people notice.

And sure trolleys is obviously going to be a slam dunk if you're one of the 1 in 100 people that will score one off of POW, duh. What's NOT a slam dunk is buying one off of ebay for £5000 next month and thinking it will double again in a month or even a year. It might, sure, but after the past couple weeks, folks better realize now that you can lose money buying and selling Banksy prints. Several people just lost a lot of money after the Bloomsbury auctions.

[endtimes]

And thanks for the negs folks. Personally I'll refrain from using the system at all.