Crazy "Buy it now" Prices

[semiscottishpete]

Take a deep breath, here I go..

"While I agree entirely with you crazy folk getting upset with toutes buying up and selling on the next minute their ill gotten gains, for the collector there is also the thrill/joy/nececsity of buying an item whilst it is still unknown/unusual/or even just taking a gamble and buying 2 just in case... and maybe punting it along a few months down the road to fund another love.
I have been doing this for the past few years & do not feel a jot of guilt, I've bought a few dogs (that I still love, but will never pay for themselves) and also whored myself out and bought some terrors that I have punted out a few weeks later at a great profit. I have also framed some beauties that I will only sell when the bailiffs come knocking."

eBay is a mixed blessing, as we all know, we have all made a few bob (although we rarely admit it, or are proud of it) Why do some sellers insist on selling items at ridiculous buy it now prices? one of the joys of eBay is the thrill of the auction, the fact the market finds its own price. Thats me, got it off my chest, lets have the balls to start out auctions at a penny and let the market dictate itself, next time I see a chewbarber at (BIN)£250 I swear I will eat my own testicle (probably not, but you get my point)

Discuss.

Thank you,

[numusic]

semiscottishpete said:

Take a deep breath, here I go..

"While I agree entirely with you crazy folk getting upset with toutes buying up and selling on the next minute their ill gotten gains, for the collector there is also the thrill/joy/nececsity of buying an item whilst it is still unknown/unusual/or even just taking a gamble and buying 2 just in case... and maybe punting it along a few months down the road to fund another love.
I have been doing this for the past few years & do not feel a jot of guilt, I've bought a few dogs (that I still love, but will never pay for themselves) and also whored myself out and bought some terrors that I have punted out a few weeks later at a great profit. I have also framed some beauties that I will only sell when the bailiffs come knocking."

eBay is a mixed blessing, as we all know, we have all made a few bob (although we rarely admit it, or are proud of it) Why do some sellers insist on selling items at ridiculous buy it now prices? one of the joys of eBay is the thrill of the auction, the fact the market finds its own price. Thats me, got it off my chest, lets have the balls to start out auctions at a penny and let the market dictate itself, next time I see a chewbarber at (BIN)£250 I swear I will eat my own testicle (probably not, but you get my point)

Discuss.

Thank you,

99 pence, no reserve, no BIN.. how it should be IMO

[bonesy]

Ill throw a piece up from my portfolio with an above market BIN on .20 cent listing days. The entire listing only costs .65 cents (with gallery phto and listing designer) so why not? Its basically free listing on those days. I wont plan on the piece selling but if someone is willing to pay that much (maybe they like the number or something) then great; the buyer and the seller are both happy. I dont see any problem.

[stylus]

Bonesy: I like your thinking!

[Run Pig Run]

i thought it was people just tryin skank the clueless yanks.

[nickw]

haha, now thats funny

[RBK]

bombhugger said:

i thought it was people just tryin skank the clueless yanks.

OUCH!!! ;D

[yab]

My theory is that once one sells for a large amount, the others then go up in value, as now it will be harder to get.

When I got my Kaws set from Hideout it was £90 for the 3, then I saw one put up on ebay, and it went straight away for £1000 to HK. There are only 30 of each style. I was like whoa, so I put mine up last year keeping one in the 'my collection'. I sold the other 2 respectively for £1200 and £1500, I was well happy. Then a few weeks back my friend came back from SF and told me one gallery there had the set and were asking for almost $5000 each for them, all had SOLD tabs on them. That's why I put mine up now.

I also have had 2 Laugh Nows, and 3 Bomb Middle England, all bought originally purely as I like cool art, and given as xmas presents...DOH!!!!!! I used to bomb around the city myself tagging up as you do, whilst breakdancing in the streets on some half arsed piece of lino... gosh they were the days.

So a few years back I had a good freind who worked at the London store Magma, she was always raving about Banksy, and to some extent must know him as she was always banging up about some secret shows he was doing and would I like to come, I was too busy, how I kick myself now.

What I like about the guy more than anything has more to do with his work being a voice rather than being a commodity, afterall I purchased his stuff cause I like it period, I remember a good friend asking me when I purchased the Laugh Nows, it was the same time we weere going to the London Litchenstein show in 2003, she said what's so great about that?

If the saying 'he who tells the story rules the world', then Banksy is definitely ruling and fuck the so called elistist art establishment, they are just pissed as this guy outwits all of them and they don't like it.

You must have something to say before you can say it and Banksy does.

Having said all that, if my innocent purchases like practically all of my lifes purchases have been going up in value so be it. How many people wished they kept there Star Wars toys, I did and I bought up all my friends collections too, now they are all vexed they sold them. I said why? They all said it was worth a lot now, I said they have always been worth something to me that's why I kept them. I'm not forcing people to pay for it, the demand for something does that.

And as I stated at the beginning of this post, my theory is that once one sells for a large amount, the others then go up in value, as now it will be harder to get as thsi information gets out.

Best wishes to all and thanks for all the advice I see here, good to see so many Banksy fans being fans.

Yab


As for dumb yanks, hardly, they are some of the most astute collectors in the world, just look at what David Geffen got for his Jackson Pollock! This time next year don't be surprised when a Banksy goes for this, you never know.