Pattycakes
Junior Member
Posts โข 1,379
Likes โข 422
June 2007
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Bonham's Vision 21 Sale - Nightmare, by Pattycakes on Oct 22, 2008 19:40:57 GMT 1, Am looking at the results of this sale, it's absolutely horrible. The BI rate is immense, I think whoever has things in the Urban sale tomorrow, that actually wants to sell anything ought to seriously slash their reserves, or it'll be a complete washout too!
Am looking at the results of this sale, it's absolutely horrible. The BI rate is immense, I think whoever has things in the Urban sale tomorrow, that actually wants to sell anything ought to seriously slash their reserves, or it'll be a complete washout too!
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Wiseblood
Junior Member
Posts โข 1,245
Likes โข 3
May 2007
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Bonham's Vision 21 Sale - Nightmare, by Wiseblood on Oct 22, 2008 19:46:39 GMT 1, Are the reserves made public or is there only the auction house and owner who know?
Are the reserves made public or is there only the auction house and owner who know?
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Pattycakes
Junior Member
Posts โข 1,379
Likes โข 422
June 2007
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Bonham's Vision 21 Sale - Nightmare, by Pattycakes on Oct 22, 2008 19:51:11 GMT 1, Only owner and auctioneer know the reserves, generally they are at the low estimate or 10-15% below it, it's illegal for the reserve to be higher than the low estimate. I think the estimates are high on things, and with Laz seemingly not buying any Banksy right now I think that there wont be him and probably not Andipa either to support the prices - I expect it to be as bad as tonight's sale, unless the owners accept much less than they originally wanted for things, my guess would be 50% below estimate.
Only owner and auctioneer know the reserves, generally they are at the low estimate or 10-15% below it, it's illegal for the reserve to be higher than the low estimate. I think the estimates are high on things, and with Laz seemingly not buying any Banksy right now I think that there wont be him and probably not Andipa either to support the prices - I expect it to be as bad as tonight's sale, unless the owners accept much less than they originally wanted for things, my guess would be 50% below estimate.
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Bonham's Vision 21 Sale - Nightmare, by griffermans on Oct 22, 2008 19:51:48 GMT 1, only the house and the vendor
only the house and the vendor
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Simococo
Junior Member
Posts โข 3,135
Likes โข 363
April 2007
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Bonham's Vision 21 Sale - Nightmare, by Simococo on Oct 22, 2008 21:09:17 GMT 1, I hope you are right printguru. 50% below estimate is magic if that rings true. I am registered and ready for bid battle
You heard him. SLASH THOSE RESERVES OR HELL WILL COMETH
I hope you are right printguru. 50% below estimate is magic if that rings true. I am registered and ready for bid battle
You heard him. SLASH THOSE RESERVES OR HELL WILL COMETH
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