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£9800 for barcode!, by verbalkint on May 8, 2007 0:52:57 GMT 1, Did you see that the barcode on ebay went for £9800, well up on the one that sold last week. The interesting thing is that the guy who bought it has about 4 signed morons, 6 'flags' and loads of other banksy stuff if you look at his feedback. If i had a spare £200,000 i would probably stockpile on a few banksys too! There just seems to be no limit to where these prints will end up price wise. There is always a bitter taste in your mouth when buying on the secondary market, especially when you miss an original on the POW lottery.
It seems crazy that if you were a banksy fan right from the start and got every signed print (and at the start that was not difficult at all) you could now sell them and buy a nice house with the proceeds and still have a couple left over to hang on the walls! My god i wish i could go back 5 years!
what do you guys think though? do you think in a year we will all be saying 'do you remember last year you could get a barcode for under £10k!!, i wish i had bought 5' or can you see things peaking soon?
Did you see that the barcode on ebay went for £9800, well up on the one that sold last week. The interesting thing is that the guy who bought it has about 4 signed morons, 6 'flags' and loads of other banksy stuff if you look at his feedback. If i had a spare £200,000 i would probably stockpile on a few banksys too! There just seems to be no limit to where these prints will end up price wise. There is always a bitter taste in your mouth when buying on the secondary market, especially when you miss an original on the POW lottery.
It seems crazy that if you were a banksy fan right from the start and got every signed print (and at the start that was not difficult at all) you could now sell them and buy a nice house with the proceeds and still have a couple left over to hang on the walls! My god i wish i could go back 5 years!
what do you guys think though? do you think in a year we will all be saying 'do you remember last year you could get a barcode for under £10k!!, i wish i had bought 5' or can you see things peaking soon?
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£9800 for barcode!, by bobbymeachamjr on May 8, 2007 6:39:57 GMT 1, Did you see that the barcode on ebay went for £9800, well up on the one that sold last week. The interesting thing is that the guy who bought it has about 4 signed morons, 6 'flags' and loads of other banksy stuff if you look at his feedback. If i had a spare £200,000 i would probably stockpile on a few banksys too! There just seems to be no limit to where these prints will end up price wise. There is always a bitter taste in your mouth when buying on the secondary market, especially when you miss an original on the POW lottery. It seems crazy that if you were a banksy fan right from the start and got every signed print (and at the start that was not difficult at all) you could now sell them and buy a nice house with the proceeds and still have a couple left over to hang on the walls! My god i wish i could go back 5 years! what do you guys think though? do you think in a year we will all be saying 'do you remember last year you could get a barcode for under £10k!!, i wish i had bought 5' or can you see things peaking soon?
sounds more and more like the tech stock frenzy not too long ago. We all know how that ended - or do we?
Did you see that the barcode on ebay went for £9800, well up on the one that sold last week. The interesting thing is that the guy who bought it has about 4 signed morons, 6 'flags' and loads of other banksy stuff if you look at his feedback. If i had a spare £200,000 i would probably stockpile on a few banksys too! There just seems to be no limit to where these prints will end up price wise. There is always a bitter taste in your mouth when buying on the secondary market, especially when you miss an original on the POW lottery. It seems crazy that if you were a banksy fan right from the start and got every signed print (and at the start that was not difficult at all) you could now sell them and buy a nice house with the proceeds and still have a couple left over to hang on the walls! My god i wish i could go back 5 years! what do you guys think though? do you think in a year we will all be saying 'do you remember last year you could get a barcode for under £10k!!, i wish i had bought 5' or can you see things peaking soon? sounds more and more like the tech stock frenzy not too long ago. We all know how that ended - or do we?
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weeble
Junior Member
Posts • 1,278
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April 2007
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£9800 for barcode!, by weeble on May 8, 2007 9:37:08 GMT 1, i cant believe the barcode!! when this came out on POW i decided not to buy it, but told my mate to buy a signed one for his new girlfriend's birthday, so he did and she loved it. bet she loves it even more now!! lol. doh!
i cant believe the barcode!! when this came out on POW i decided not to buy it, but told my mate to buy a signed one for his new girlfriend's birthday, so he did and she loved it. bet she loves it even more now!! lol. doh!
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ABC
Artist
Junior Member
Posts • 5,533
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August 2006
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£9800 for barcode!, by corblimeylimey on May 8, 2007 14:15:37 GMT 1, Crazy prices.
ABC that will be interesting to see what the Trolleys PP goes for, but the price may be held back slightly as it's not that old, and there will be signed Trolley release sometime soon.
Crazy prices.
ABC that will be interesting to see what the Trolleys PP goes for, but the price may be held back slightly as it's not that old, and there will be signed Trolley release sometime soon.
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£9800 for barcode!, by Daniel Silk on May 8, 2007 14:32:04 GMT 1, Crazy prices. ABC that will be interesting to see what the Trolleys PP goes for, but the price may be held back slightly as it's not that old, and there will be signed Trolley release sometime soon.
Yeah, the ages must be making a big difference. Amazing to think about it I remember when you could get the unsigned Barcodes for I think around £50? on POW The image dint really mean much to me so I gave it a miss
Crazy prices. ABC that will be interesting to see what the Trolleys PP goes for, but the price may be held back slightly as it's not that old, and there will be signed Trolley release sometime soon. Yeah, the ages must be making a big difference. Amazing to think about it I remember when you could get the unsigned Barcodes for I think around £50? on POW The image dint really mean much to me so I gave it a miss
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alvington89
New Member
Posts • 690
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October 2006
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£9800 for barcode!, by alvington89 on May 8, 2007 14:37:51 GMT 1, I can't help thinking that things have got out of hand here. Whilst I love Banks's work I feel that the market is massively over-hyped and that some people are going to get their fingers burnt paying these prices. The prints are becoming a traders commodity and just like shares there could be a massive down turn for no apparent reason. Reminds me of the Tulip trading frenzy of old.
I can't help thinking that things have got out of hand here. Whilst I love Banks's work I feel that the market is massively over-hyped and that some people are going to get their fingers burnt paying these prices. The prints are becoming a traders commodity and just like shares there could be a massive down turn for no apparent reason. Reminds me of the Tulip trading frenzy of old.
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£9800 for barcode!, by Daniel Silk on May 8, 2007 14:45:14 GMT 1, I can't help thinking that things have got out of hand here. Whilst I love Banks's work I feel that the market is massively over-hyped and that some people are going to get their fingers burnt paying these prices. The prints are becoming a traders commodity and just like shares there could be a massive down turn for no apparent reason. Reminds me of the Tulip trading frenzy of old.
You weren't around then were ya Alvington? ;D Were signed tulips worth much more? ;D
I can't help thinking that things have got out of hand here. Whilst I love Banks's work I feel that the market is massively over-hyped and that some people are going to get their fingers burnt paying these prices. The prints are becoming a traders commodity and just like shares there could be a massive down turn for no apparent reason. Reminds me of the Tulip trading frenzy of old. You weren't around then were ya Alvington? ;D Were signed tulips worth much more? ;D
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stuey09
New Member
Posts • 49
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August 2008
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£9800 for barcode!, by stuey09 on May 8, 2007 15:53:33 GMT 1, I can't help thinking that things have got out of hand here. Whilst I love Banks's work I feel that the market is massively over-hyped and that some people are going to get their fingers burnt paying these prices. The prints are becoming a traders commodity and just like shares there could be a massive down turn for no apparent reason. Reminds me of the Tulip trading frenzy of old.
I understand your point, but disagree with your notion that the prices will drop; at least not in the next few years. Quite simply, the galleries won't let the price of Banksy's art drop because they have too much money invested in it.
I can't help thinking that things have got out of hand here. Whilst I love Banks's work I feel that the market is massively over-hyped and that some people are going to get their fingers burnt paying these prices. The prints are becoming a traders commodity and just like shares there could be a massive down turn for no apparent reason. Reminds me of the Tulip trading frenzy of old. I understand your point, but disagree with your notion that the prices will drop; at least not in the next few years. Quite simply, the galleries won't let the price of Banksy's art drop because they have too much money invested in it.
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affart
New Member
Posts • 105
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April 2007
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£9800 for barcode!, by affart on May 8, 2007 15:58:44 GMT 1, I hope the Banksy market doesnt drop, i have just invested heavily in a pack of Banksy postcards & a Banksy sticket, theres no way i can afford to drop £20.....
I hope the Banksy market doesnt drop, i have just invested heavily in a pack of Banksy postcards & a Banksy sticket, theres no way i can afford to drop £20.....
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£9800 for barcode!, by Daniel Silk on May 8, 2007 16:09:35 GMT 1, I hope the Banksy market doesnt drop, i have just invested heavily in a pack of Banksy postcards & a Banksy sticket, theres no way i can afford to drop £20.....
ahhh! its you thats been buying everything up ;D Affart has cornered the market ;D
I hope the Banksy market doesnt drop, i have just invested heavily in a pack of Banksy postcards & a Banksy sticket, theres no way i can afford to drop £20..... ahhh! its you thats been buying everything up ;D Affart has cornered the market ;D
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Montubu7
Junior Member
Posts • 2,196
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November 2006
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£9800 for barcode!, by Montubu7 on May 8, 2007 16:10:47 GMT 1, Lol
Lol
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Montubu7
Junior Member
Posts • 2,196
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November 2006
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£9800 for barcode!, by Montubu7 on May 8, 2007 16:12:03 GMT 1, Like the ebay guy ( daz something) who snaps up multiples of all prints ( 3 signd morons!)
Like the ebay guy ( daz something) who snaps up multiples of all prints ( 3 signd morons!)
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RBK
Junior Member
Posts • 2,924
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September 2006
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£9800 for barcode!, by RBK on May 8, 2007 16:41:53 GMT 1, 'dazsw18' and 'catlets' will be laughing it all the way to the bank next year IMO. They are basically doing what nu did last year - just with a MUCH larger bankroll, and also in signed prints (which haven't stopped going up).
Banksy is here to stay. He is at every major auction house and each subsequent time under the gavel has posted personal records. There is so much money 'invested' in Banksy right now, he/Laz would have to do something really stupid to derail the train.
Am I saying signed prints will never stop going up?.... NO. All markets correct at some time - but I think we are still on the up (for signed prints). Unsigned prints have levelled off and only certain images will continue to increase much (GWB, Barcode, LN, BME, HC, RC)
'dazsw18' and 'catlets' will be laughing it all the way to the bank next year IMO. They are basically doing what nu did last year - just with a MUCH larger bankroll, and also in signed prints (which haven't stopped going up).
Banksy is here to stay. He is at every major auction house and each subsequent time under the gavel has posted personal records. There is so much money 'invested' in Banksy right now, he/Laz would have to do something really stupid to derail the train.
Am I saying signed prints will never stop going up?.... NO. All markets correct at some time - but I think we are still on the up (for signed prints). Unsigned prints have levelled off and only certain images will continue to increase much (GWB, Barcode, LN, BME, HC, RC)
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£9800 for barcode!, by daz205 on May 8, 2007 16:57:08 GMT 1, would all prints increase in value over time as there are less of them around for people to buy?
would all prints increase in value over time as there are less of them around for people to buy?
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Montubu7
Junior Member
Posts • 2,196
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November 2006
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£9800 for barcode!, by Montubu7 on May 8, 2007 17:02:51 GMT 1, I agree, i am negotiating with someone to sell me half a Barcode print, its a good deal but the stumbling block is i want it at my place and not his!
I agree, i am negotiating with someone to sell me half a Barcode print, its a good deal but the stumbling block is i want it at my place and not his!
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£9800 for barcode!, by Daniel Silk on May 8, 2007 17:12:14 GMT 1, I agree, i am negotiating with someone to sell me half a Barcode print, its a good deal but the stumbling block is i want it at my place and not his!
hmmm I have a feelin cutting it in half may effect the value a bit
I agree, i am negotiating with someone to sell me half a Barcode print, its a good deal but the stumbling block is i want it at my place and not his! hmmm I have a feelin cutting it in half may effect the value a bit
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Montubu7
Junior Member
Posts • 2,196
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November 2006
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£9800 for barcode!, by Montubu7 on May 8, 2007 17:20:28 GMT 1, I know but he reckons it will be twice as much if we say banksy cut it.......
I know but he reckons it will be twice as much if we say banksy cut it.......
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£9800 for barcode!, by tomhills1 on May 8, 2007 17:34:58 GMT 1, i wrote this on another forum: here is an interesting conundrum. what if these increases continue and say, most "average" signed prints go for over £10k. you will have a very large number of people sitting on a wopping pile of cash, maybe over £50k for some.
now, i know it's only money but it's money that corrupts people, and even if you bought your prints on the secondary market for say a grand or two, it must be very tempting to part with one or two of them to realise the appreciation. if that became a widespread trend prices would drop off a little. this in turn would be seen as the beginning of a price correction and perhaps prices had peaked and could therefore lead to a wholesale panic and people trying to offload their prints while they can get top dollar.
it has happened in the housing market and happens everyday on the stock exchange, so it could conceivably happen anywhere else? i mean this is total conjecture and could happen today or in 2 ,3 years time or not at all.
also, if there is an economic downturn people will look at their assets, house, car, banksy prints? if it means paying the bills and putting food on the table there may be a glut of collectors offloading to keep their heads above water.
sorry to bring the topic down to money/investment etc but i thought it was relevant.
interested to know what people think.
i wrote this on another forum: here is an interesting conundrum. what if these increases continue and say, most "average" signed prints go for over £10k. you will have a very large number of people sitting on a wopping pile of cash, maybe over £50k for some. now, i know it's only money but it's money that corrupts people, and even if you bought your prints on the secondary market for say a grand or two, it must be very tempting to part with one or two of them to realise the appreciation. if that became a widespread trend prices would drop off a little. this in turn would be seen as the beginning of a price correction and perhaps prices had peaked and could therefore lead to a wholesale panic and people trying to offload their prints while they can get top dollar. it has happened in the housing market and happens everyday on the stock exchange, so it could conceivably happen anywhere else? i mean this is total conjecture and could happen today or in 2 ,3 years time or not at all. also, if there is an economic downturn people will look at their assets, house, car, banksy prints? if it means paying the bills and putting food on the table there may be a glut of collectors offloading to keep their heads above water. sorry to bring the topic down to money/investment etc but i thought it was relevant. interested to know what people think.
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Montubu7
Junior Member
Posts • 2,196
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November 2006
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£9800 for barcode!, by Montubu7 on May 8, 2007 17:58:14 GMT 1, Good points. Being honest if i meant paying my mortgage off i would have to seriously consider which prints i would be holding onto!
Good points. Being honest if i meant paying my mortgage off i would have to seriously consider which prints i would be holding onto!
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£9800 for barcode!, by mcnuts on May 8, 2007 18:36:51 GMT 1, Good points. Being honest if i meant paying my mortgage off i would have to seriously consider which prints i would be holding onto!
i hear ya. i'd part with a couple to pay of my £30,000 student debt if the value really went up. just wish i started collecting earlier and that i could predict the future
Good points. Being honest if i meant paying my mortgage off i would have to seriously consider which prints i would be holding onto! i hear ya. i'd part with a couple to pay of my £30,000 student debt if the value really went up. just wish i started collecting earlier and that i could predict the future
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RBK
Junior Member
Posts • 2,924
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September 2006
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£9800 for barcode!, by RBK on May 8, 2007 18:58:32 GMT 1, lesbianwednesdays - Agree your prediction could defintely occur - but I think it will be very gradual. At the end of the day, "everyone has their price."
I bet almost all owners of valuable Banksy collections are very emotionally attached to their pieces - and it would take large offers for them to part with them. I'm not saying it won't happen, just don't think their will be a mad dash of people offloading.
lesbianwednesdays - Agree your prediction could defintely occur - but I think it will be very gradual. At the end of the day, "everyone has their price."
I bet almost all owners of valuable Banksy collections are very emotionally attached to their pieces - and it would take large offers for them to part with them. I'm not saying it won't happen, just don't think their will be a mad dash of people offloading.
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jam
Junior Member
Posts • 1,629
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November 2006
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£9800 for barcode!, by jam on May 8, 2007 19:21:51 GMT 1, I bet almost all owners of valuable Banksy collections are very emotionally attached to their pieces - and it would take large offers for them to part with them. I'm not saying it won't happen, just don't think their will be a mad dash of people offloading.
I agree with this... I know most of the art I have simply is not for sale, regardless of price (not withstanding a totally absurd offer). I would not take 30-40% over market for some as an example, because I love them and it isn't worth the extra money for me to have to go out and replace them just to take a profit. Plus, I feel an odd relation to the pieces (like their numbers, or where/when I got them) that I have owned for a few years... like a pet or something, you just dont sell certian things!
I bet almost all owners of valuable Banksy collections are very emotionally attached to their pieces - and it would take large offers for them to part with them. I'm not saying it won't happen, just don't think their will be a mad dash of people offloading. I agree with this... I know most of the art I have simply is not for sale, regardless of price (not withstanding a totally absurd offer). I would not take 30-40% over market for some as an example, because I love them and it isn't worth the extra money for me to have to go out and replace them just to take a profit. Plus, I feel an odd relation to the pieces (like their numbers, or where/when I got them) that I have owned for a few years... like a pet or something, you just dont sell certian things!
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£9800 for barcode!, by Daniel Silk on May 8, 2007 19:24:27 GMT 1, I think if anyone feels they must sell a Banksy print to pay the bills you will always find a growing number of people ready to buy it. We have seen a bit of a slowdown after Christmas, and many people have picked up a few bargains over that period, but now the values seem to be booming again ;D
Those who feel they have missed the boat with Banksy should remember that any one of the other artists we talk about on here could be just as big as Banksy in a couple of years time ;D Who knows! ;D
I think if anyone feels they must sell a Banksy print to pay the bills you will always find a growing number of people ready to buy it. We have seen a bit of a slowdown after Christmas, and many people have picked up a few bargains over that period, but now the values seem to be booming again ;D
Those who feel they have missed the boat with Banksy should remember that any one of the other artists we talk about on here could be just as big as Banksy in a couple of years time ;D Who knows! ;D
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£9800 for barcode!, by tomhills1 on May 8, 2007 19:32:40 GMT 1, lesbianwednesdays - Agree your prediction could defintely occur - but I think it will be very gradual. I'm not saying it won't happen, just don't think their will be a mad dash of people offloading.
you see, i agree that there won't be a mad rush all the time it's banksy fanatics toying with their consciences and cashing in. where i think it could fall apart is, when regardless of choosing to sell, they have to sell - due to outside influences. then panic can set in and supply outstrips demand and you run the risk of a crash. it happens in almost every scenario of rapid economic growth, usually known as a price correction but can often include a crash.
my advice would be if that does happen, try and hold tight no matter how bad things get because although in the short-term prices may go below where they should be, in time they will rise and level off.
i'm just basing all this on general trends in other financial sectors, i have no knowledge or history of any sharp rises and crashes in the art world but would love to know of anything along those lines.
basically, what goes up must come down?
lesbianwednesdays - Agree your prediction could defintely occur - but I think it will be very gradual. I'm not saying it won't happen, just don't think their will be a mad dash of people offloading. you see, i agree that there won't be a mad rush all the time it's banksy fanatics toying with their consciences and cashing in. where i think it could fall apart is, when regardless of choosing to sell, they have to sell - due to outside influences. then panic can set in and supply outstrips demand and you run the risk of a crash. it happens in almost every scenario of rapid economic growth, usually known as a price correction but can often include a crash. my advice would be if that does happen, try and hold tight no matter how bad things get because although in the short-term prices may go below where they should be, in time they will rise and level off. i'm just basing all this on general trends in other financial sectors, i have no knowledge or history of any sharp rises and crashes in the art world but would love to know of anything along those lines. basically, what goes up must come down?
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johnerotten
New Member
Posts • 190
Likes • 5
March 2007
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£9800 for barcode!, by johnerotten on May 8, 2007 19:34:40 GMT 1, +1 respect Silky!
i like some of micallif's stuff and faile, some warhol($$$), but banksy is my favorite so far.
i think its important to buy something you would love to see on your wall, otherwise there are better "investments" to be made.
on the other hand, trading a signed to acquire 4 unsigned may be the only way to afford future prints for those without deep pockets.
I think if anyone feels they must sell a Banksy print to pay the bills you will always find a growing number of people ready to buy it. We have seen a bit of a slowdown after Christmas, and many people have picked up a few bargains over that period, but now the values seem to be booming again ;D Those who feel they have missed the boat with Banksy should remember that any one of the other artists we talk about on here could be just as big as Banksy in a couple of years time ;D Who knows! ;D
+1 respect Silky! i like some of micallif's stuff and faile, some warhol($$$), but banksy is my favorite so far. i think its important to buy something you would love to see on your wall, otherwise there are better "investments" to be made. on the other hand, trading a signed to acquire 4 unsigned may be the only way to afford future prints for those without deep pockets. I think if anyone feels they must sell a Banksy print to pay the bills you will always find a growing number of people ready to buy it. We have seen a bit of a slowdown after Christmas, and many people have picked up a few bargains over that period, but now the values seem to be booming again ;D Those who feel they have missed the boat with Banksy should remember that any one of the other artists we talk about on here could be just as big as Banksy in a couple of years time ;D Who knows! ;D
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£9800 for barcode!, by manchestermike on May 8, 2007 19:44:54 GMT 1, i curse the fact there is no un-signed edition as i would get rid for one in an instant
How come? I'd much rather have the signed
i curse the fact there is no un-signed edition as i would get rid for one in an instant How come? I'd much rather have the signed
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RBK
Junior Member
Posts • 2,924
Likes • 104
September 2006
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£9800 for barcode!, by RBK on May 8, 2007 19:53:16 GMT 1, lesbianwednesdays - Agree your prediction could defintely occur - but I think it will be very gradual. I'm not saying it won't happen, just don't think their will be a mad dash of people offloading. you see, i agree that there won't be a mad rush all the time it's banksy fanatics toying with their consciences and cashing in. where i think it could fall apart is, when regardless of choosing to sell, they have to sell - due to outside influences. then panic can set in and supply outstrips demand and you run the risk of a crash. it happens in almost every scenario of rapid economic growth, usually known as a price correction but can often include a crash. my advice would be if that does happen, try and hold tight no matter how bad things get because although in the short-term prices may go below where they should be, in time they will rise and level off. i'm just basing all this on general trends in other financial sectors, i have no knowledge or history of any sharp rises and crashes in the art world but would love to know of anything along those lines. basically, what goes up must come down?
This is a very interesting thread - finally some great discussion. Little known fact lesbianwednesdays - the contemporary art market actually follows real-estate market trends.
lesbianwednesdays - Agree your prediction could defintely occur - but I think it will be very gradual. I'm not saying it won't happen, just don't think their will be a mad dash of people offloading. you see, i agree that there won't be a mad rush all the time it's banksy fanatics toying with their consciences and cashing in. where i think it could fall apart is, when regardless of choosing to sell, they have to sell - due to outside influences. then panic can set in and supply outstrips demand and you run the risk of a crash. it happens in almost every scenario of rapid economic growth, usually known as a price correction but can often include a crash. my advice would be if that does happen, try and hold tight no matter how bad things get because although in the short-term prices may go below where they should be, in time they will rise and level off. i'm just basing all this on general trends in other financial sectors, i have no knowledge or history of any sharp rises and crashes in the art world but would love to know of anything along those lines. basically, what goes up must come down? This is a very interesting thread - finally some great discussion. Little known fact lesbianwednesdays - the contemporary art market actually follows real-estate market trends.
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£9800 for barcode!, by tomhills1 on May 8, 2007 19:54:23 GMT 1, it's not about signed, it's about freeing up the money to aquire other work i wouldn't be able to afford otherwise. if there was an unsigned edition i'd go down that road everytime, so long as the picture on my wall is the same i don't care.
if the values were closer i wouldn't be as fussed but when you can substitute the same image but gain a large amount of money that would enable you to aquire pieces you wouldn't otherwise have any chance of buying, i think the bullet is worth biting.
i'm not superficial
;D
it's not about signed, it's about freeing up the money to aquire other work i wouldn't be able to afford otherwise. if there was an unsigned edition i'd go down that road everytime, so long as the picture on my wall is the same i don't care. if the values were closer i wouldn't be as fussed but when you can substitute the same image but gain a large amount of money that would enable you to aquire pieces you wouldn't otherwise have any chance of buying, i think the bullet is worth biting. i'm not superficial ;D
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