[Sundowner]

Clearly the market is now very image dependent and signed vs unsigned and edition size has become less of a consideration for new buyers. That said I think there are some classic and well-known early images (Happy Choppers, Laugh Now and Flying Copper particularly) that I think have mileage and the rarer/smaller editions (Kate, Radar Rat) will continue to rise due to scarcity.

It will be interesting to see how things pan out at the rest of the auctions before Christmas and into 2021.

[vandamme]

Was there any other banksys for sale at this auction

[robo]

Dec 4, 2020 21:33:08 GMT 1 vandamme said:

Was there any other banksys for sale at this auction

One original. Che on skates. Details above.

[vandamme]

thanks 

[Daniel Silk]

Banksy Love is in the Air on eBay for £215,000

www.ebay.co.uk/itm/Banksy-Litta-Love-Is-In-The-air-With-COA-CERTIFICATE-NEVER-FRAMED/333816723208?hash=item4db906f708:g:y~4AAOSw0elfoTWj

[jimmyjam]

I like how the seller posted how he/she/a gallery bids up auction prices / sets prices only to sell his/hers/ the gallery’s one for more. Classic way how people/galleries  try and manipulated auction prices and art values.

“You have lost this lost”...

[stencilope]

This has got to be a put-on.
What is the real value of an unsigned print nowadays? I very much doubt they went from £2k to £200k in the six or so years since I last looked at values.

[PS]

I very much hope that you have one, you may be pleasantly surprised.

Dec 18, 2020 9:34:04 GMT 1 stencilope said:

This has got to be a put-on.
What is the real value of an unsigned print nowadays? I very much doubt they went from £2k to £200k in the six or so years since I last looked at values.

[PS]

Dec 18, 2020 9:34:04 GMT 1 stencilope said:

This has got to be a put-on.
What is the real value of an unsigned print nowadays? I very much doubt they went from £2k to £200k in the six or so years since I last looked at values.

[stencilope]

Thank you. That is kind of insane, and a bit of a shock. That was 10x estimate. Was that a couple people who REALLY wanted a Banksy that day, a short term bubble, or is this the trendline? I doubt this is sustainable.
I would play stupid, but anyone looking back at my posts will probably make a good list of what I mentioned buying 15 years ago and do the math. So my honest question now is this; seeing as how it looks like through sheer dumb luck I might have a retirement fund again, is this a bubble, do I bail now or wait? Very glad I didn't hang anything with thumbtacks now.

[ajr]

This is what happens when hedge funds etc get involved. Been doing it in small caps and other asset classes for ages, now playing the art market. Look at bitcoin as another example. These guys have billions to splash around

[Pawel]

Dec 18, 2020 9:38:24 GMT 1 PS said:

Dec 18, 2020 9:34:04 GMT 1 stencilope said:

This has got to be a put-on.
What is the real value of an unsigned print nowadays? I very much doubt they went from £2k to £200k in the six or so years since I last looked at values.

Don't tell them how much the signed went for the other day.

[apprint]

Signed sold for close to 600k
More than Girl With Red Balloon

[longshanks]

I'd say this is going to look like a steal after a couple more auctions...

[JFCC]

An AP sold for £541k, signed seem to be around £335-375K apparently. Unsigned GWB sold at Bonhams at £321k this week.

[Pawel]

Dec 18, 2020 11:04:12 GMT 1 longshanks said:

I'd say this is going to look like a steal after a couple more auctions...

SMH, an unsigned print for £215,000 being a steal. 
Scary part is that you might be right   

[longshanks]

Dec 18, 2020 11:22:37 GMT 1 Pawel said:

Dec 18, 2020 11:04:12 GMT 1 longshanks said:

I'd say this is going to look like a steal after a couple more auctions...

SMH, an unsigned print for £215,000 being a steal. 
Scary part is that you might be right   

what's even more crazy is that sotheby's one was fooked; dry-mounted, scratches.... madness

[Pawel]

Dec 18, 2020 11:47:08 GMT 1 longshanks said:

Dec 18, 2020 11:22:37 GMT 1 Pawel said:

SMH, an unsigned print for £215,000 being a steal. 
Scary part is that you might be right   

what's even more crazy is that sotheby's one was fooked; dry-mounted, scratches.... madness

I could buy about 8 sets of Richter Cage prints for that money, (and some people still complained these were unsigned).
Even better, the entire Sainer show at Brain Damage for half of that. 



 

[longshanks]

Dec 18, 2020 12:00:22 GMT 1 Pawel said:

Dec 18, 2020 11:47:08 GMT 1 longshanks said:

what's even more crazy is that sotheby's one was fooked; dry-mounted, scratches.... madness

I could buy about 8 sets of Richter Cage prints for that money, (and some people still complained these were unsigned).
Even better, the entire Sainer show at Brain Damage for half of that. 



 

or a house

[irl1]

Dec 18, 2020 9:48:13 GMT 1 stencilope said:

Thank you. That is kind of insane, and a bit of a shock. That was 10x estimate. Was that a couple people who REALLY wanted a Banksy that day, a short term bubble, or is this the trendline? I doubt this is sustainable.
I would play stupid, but anyone looking back at my posts will probably make a good list of what I mentioned buying 15 years ago and do the math. So my honest question now is this; seeing as how it looks like through sheer dumb luck I might have a retirement fund again, is this a bubble, do I bail now or wait? Very glad I didn't hang anything with thumbtacks now.

If you go for another 6 month sleep you'll be able to retire AND buy a Learjet 

[irl1]

Dec 18, 2020 11:47:08 GMT 1 longshanks said:

Dec 18, 2020 11:22:37 GMT 1 Pawel said:

SMH, an unsigned print for £215,000 being a steal. 
Scary part is that you might be right   

what's even more crazy is that sotheby's one was fooked; dry-mounted, scratches.... madness

Seems when your talking Banksy condition reports go out the window 

[My Name is Frank]

Dec 18, 2020 9:48:13 GMT 1 stencilope said:

Thank you. That is kind of insane, and a bit of a shock. That was 10x estimate. Was that a couple people who REALLY wanted a Banksy that day, a short term bubble, or is this the trendline? I doubt this is sustainable.
I would play stupid, but anyone looking back at my posts will probably make a good list of what I mentioned buying 15 years ago and do the math. So my honest question now is this; seeing as how it looks like through sheer dumb luck I might have a retirement fund again, is this a bubble, do I bail now or wait? Very glad I didn't hang anything with thumbtacks now.

I would continue with your advice from 14 years ago, treat it as pop art that will be worthless. Its not going the way of your eighties artists, but you could cash in richly now and either be thankful or regretful in the future. 

By holding, if it slides back down you'll still makes $$$ on the original investments, if it goes up then even better.

[Dexter Bulldog]

Dec 18, 2020 9:48:13 GMT 1 stencilope said:

Thank you. That is kind of insane, and a bit of a shock. That was 10x estimate. Was that a couple people who REALLY wanted a Banksy that day, a short term bubble, or is this the trendline? I doubt this is sustainable.
I would play stupid, but anyone looking back at my posts will probably make a good list of what I mentioned buying 15 years ago and do the math. So my honest question now is this; seeing as how it looks like through sheer dumb luck I might have a retirement fund again, is this a bubble, do I bail now or wait? Very glad I didn't hang anything with thumbtacks now.

Why not sell one or two and keep the rest to enjoy and see how things play out?
if you’re in the us and are thinking about it, do something before December 31. If both Georgia senate seats go democrat your potentially looking at an extra 10 to 12 tax bill on collectibles under Bidens proposed tax plan. 

[startimeash]

Dec 18, 2020 9:48:13 GMT 1 stencilope said:

Thank you. That is kind of insane, and a bit of a shock. That was 10x estimate. Was that a couple people who REALLY wanted a Banksy that day, a short term bubble, or is this the trendline? I doubt this is sustainable.
I would play stupid, but anyone looking back at my posts will probably make a good list of what I mentioned buying 15 years ago and do the math. So my honest question now is this; seeing as how it looks like through sheer dumb luck I might have a retirement fund again, is this a bubble, do I bail now or wait? Very glad I didn't hang anything with thumbtacks now.

I know there are a lot of people here that have more money than I could ever hope to have, so I'll give the the perspective of someone who is well off but by no means rich.

I'd sell.

I love Banksy, and it would be a dream to have a print up on the wall. But there are more important things in life, financial security being a huge one. I'd look at it as reaching a life changing sum on Who Wants To Be A Millionaire. At the moment, if you take the money, you're going to be able to do some amazing things with it. Yeah, you won't have the art, but in my opinion what you gain is worth a lot more. You could hold on and try to get to the million pound question, but you have to be really sure you know the answer, otherwise you could walk away with a lot less than you might have had. If we were talking about £5k or so then no way would I be selling, because to me that's not a life changing amount of money. To some people it is. Conversely, I can guarantee that there are people on the forum for whom £200k isn't life changing, so they wouldn't sell.

If it were me, I'd be looking at what I could do with the money now. £200k would mean no mortgage. Would I regret selling if it later hit £2m? Of course. But I'd be regretting it in my unmortgaged house. Your appetite for risk is the main thing here. I'd have sold out a long way before £200k if I'm honest.

Like all advice here, take this with a pinch of salt, as it's my opinion only, and I know shit. Go speak to a financial adviser.

[swarm]

[88carrera]

Dec 18, 2020 18:24:53 GMT 1 god’s ultimate noise said:

Dec 18, 2020 9:48:13 GMT 1 stencilope said:

Thank you. That is kind of insane, and a bit of a shock. That was 10x estimate. Was that a couple people who REALLY wanted a Banksy that day, a short term bubble, or is this the trendline? I doubt this is sustainable.
I would play stupid, but anyone looking back at my posts will probably make a good list of what I mentioned buying 15 years ago and do the math. So my honest question now is this; seeing as how it looks like through sheer dumb luck I might have a retirement fund again, is this a bubble, do I bail now or wait? Very glad I didn't hang anything with thumbtacks now.

Sell two thirds now of what you have, and never, ever look back.

I like this suggestion as a starting point. With any other investment I’d suggest asking, “would I buy these now at current prices?”  If the answer is “no”—either because you wouldn’t care to put that much money into art, or because current prices seem crazy—then you should not be holding at the same prices. Hope is not an investment strategy.

If you could secure your financial future with a few sales, you’d be crazy not to. Yes, prices could go up further, but you’ll be comfortably fed and sheltered while you regret your timing. If FOMO is too strong, hold onto a few pieces after selling enough to secure yourself. 

Finally, if the cost of properly insuring art ever gets uncomfortable, that would be a clear signal to sell.  

Full disclosure: I am cautious by nature and therefore tend to sell too soon.

[begs]

Dec 18, 2020 11:06:14 GMT 1 JFCC said:

An AP sold for £541k, signed seem to be around £335-375K apparently. Unsigned Girl With Balloon sold at Bonhams at £321k this week.

Theses prices are just unbelievable 

[theclash]

Dec 20, 2020 4:58:35 GMT 1 88carrera said:

Dec 18, 2020 18:24:53 GMT 1 god’s ultimate noise said:

Sell two thirds now of what you have, and never, ever look back.

I like this suggestion as a starting point. With any other investment I’d suggest asking, “would I buy these now at current prices?”  If the answer is “no”—either because you wouldn’t care to put that much money into art, or because current prices seem crazy—then you should not be holding at the same prices. Hope is not an investment strategy.

If you could secure your financial future with a few sales, you’d be crazy not to. Yes, prices could go up further, but you’ll be comfortably fed and sheltered while you regret your timing. If FOMO is too strong, hold onto a few pieces after selling enough to secure yourself. 

Finally, if the cost of properly insuring art ever gets uncomfortable, that would be a clear signal to sell.  

Full disclosure: I am cautious by nature and therefore tend to sell too soon.

Banksy any day of the week as an investment over Tesla at $650bn market cap when has 10% the revenue of Volkswagen. The world is nuts, too much liquidity / cash. Can argue all day and night whether it is fair banksy gets such a premium over other street artists but people like his work and think it will stay in demand, I agree

[mem70]

Looking for US LIITA. Money ready. PM please.

[Winter]

Guy Hepner has one