lee3
New Member
Posts โข 832
Likes โข 1,289
November 2009
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Sale ends today, by lee3 on Apr 22, 2008 5:11:00 GMT 1, The lot in question:
www.sothebys.com/app/live/lot/LotDetail.jsp?lot_id=159457682
I realize courtesy fades away as the returns on art skyrocket but I'm still curious and want to understand a little better for myself:
I've always collected under the premise that if I needed to sell that I would first go back to the dealer I bought a piece from (which may or may not have happened in this case- i'm merely guessing the latter). Similarly, if I chose to go to auction, I would consider the bridge to the primary dealer burned forevermore. Is this how most people collect or does that sound foreign and/or stupid to most on this site?
To be fair, I'm not passing judgement on the seller as any number of economic situations could force any of us to sell our art, but seeing a painting that is only 20 months old of this size with one owner who purchased from the primary dealer just got my brain wondering aloud. I'm curious if other buyers internationally would feel obligated to at least discuss with their dealer before punting at auction or not? Likewise, would you presume that the dealer would never sell you another painting if you went around them to auction?
The lot in question: www.sothebys.com/app/live/lot/LotDetail.jsp?lot_id=159457682I realize courtesy fades away as the returns on art skyrocket but I'm still curious and want to understand a little better for myself: I've always collected under the premise that if I needed to sell that I would first go back to the dealer I bought a piece from (which may or may not have happened in this case- i'm merely guessing the latter). Similarly, if I chose to go to auction, I would consider the bridge to the primary dealer burned forevermore. Is this how most people collect or does that sound foreign and/or stupid to most on this site? To be fair, I'm not passing judgement on the seller as any number of economic situations could force any of us to sell our art, but seeing a painting that is only 20 months old of this size with one owner who purchased from the primary dealer just got my brain wondering aloud. I'm curious if other buyers internationally would feel obligated to at least discuss with their dealer before punting at auction or not? Likewise, would you presume that the dealer would never sell you another painting if you went around them to auction? |
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Sale ends today, by darjeeling on Apr 22, 2008 5:16:05 GMT 1, It's part of the business and 20 months seems like a long term hold in the current market imo.
But I'll say, when you're about to make a half a friggin million dollar profit on something, I would care less about hurting Laz's greedy little feelings. And with the amount of work that shows up in the secondary market, it's hardly as if you couldn't get your hands on another piece anyway. And what are the chances that even this person has a shot of getting another Banksy from Laz at this point. Could be slim regardless of the auction. Me, I'd take the money and friggin run baby.
It's part of the business and 20 months seems like a long term hold in the current market imo.
But I'll say, when you're about to make a half a friggin million dollar profit on something, I would care less about hurting Laz's greedy little feelings. And with the amount of work that shows up in the secondary market, it's hardly as if you couldn't get your hands on another piece anyway. And what are the chances that even this person has a shot of getting another Banksy from Laz at this point. Could be slim regardless of the auction. Me, I'd take the money and friggin run baby.
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buffruffly
New Member
Posts โข 126
Likes โข 5
December 2006
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Sale ends today, by buffruffly on Apr 22, 2008 9:33:58 GMT 1, when it's Laz as the dealer, it's not as if he's always played by the moral books.....Micallef print release fiasco etc.......A little bit of karma.
when it's Laz as the dealer, it's not as if he's always played by the moral books.....Micallef print release fiasco etc.......A little bit of karma.
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ยฉhief'
Junior Member
Posts โข 1,079
Likes โข 46
October 2006
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Sale ends today, by ยฉhief' on Apr 22, 2008 11:25:32 GMT 1,
LOT 54
BANKSY
B. 1975
SALE ENDS TODAY
600,000โ800,000 USD
MEASUREMENTS
84 x 168 in. 213.4 x 426.7 cm.
DESCRIPTION
signed and dated 21 July 2006 on the overlap
oil on canvas
LOT 54
BANKSY
B. 1975
SALE ENDS TODAY
600,000โ800,000 USD
MEASUREMENTS
84 x 168 in. 213.4 x 426.7 cm.
DESCRIPTION
signed and dated 21 July 2006 on the overlap
oil on canvas
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Sale ends today, by cashman on Apr 22, 2008 11:25:55 GMT 1, For people who havent signed up to Sothebys, care to share what it is?
Its the sale ends today canvas, theres another thread on this which has pics up
For people who havent signed up to Sothebys, care to share what it is? Its the sale ends today canvas, theres another thread on this which has pics up |
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Sale ends today, by ricosg11 on Apr 22, 2008 12:42:38 GMT 1, Lee youre right, its not a classy move, this will usually hurt the artist long term. Any collector knows that, and this type of stuff scares them off. Hope the owner is ok, but this wasnt exactly cheap to begin with.
Lee youre right, its not a classy move, this will usually hurt the artist long term. Any collector knows that, and this type of stuff scares them off. Hope the owner is ok, but this wasnt exactly cheap to begin with.
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