[harrygoodfella]

Right. I'll cut to the chase

Due to some severe work needing doing at my gaff, and not wanting to borrow loads, I am seriously looking at parting with some prized bits.

I want to know what is better, and would recommend any help from the very knowledgeable people on this forum.

1. Flog straight to Gallery
2. "Partnership" with Gallery, where they take anything up to 20%.
3. Ebay
4. Here.

I am looking to (very, very reluctantly) ship out

Girl With Balloon - Signed and Framed
Bomb Middle England - Unsigned and Framed
LV Child - Signed and Framed
Full Set of LA Prints - Unsigned and not framed

I have no idea what the best option is.

Still may not do it, depending on what I can get vs what I can get from remortaging.

Any help would be very grateful.

Full Prov on GWB, LV and LA Prints, but the only thing I have on the BME, is a printers stamp from Brizzol in Oct 2003.

Cheers and many thanks

Harry

[craigf]

I would say go to a gallery and get a price to purchase (expect some low balling) and check ebay. Then allow for the ebay transaction fees and put them up here for a while to see if there is any interest. I would have thoughts there should be some good interest on here re a few of them. I personally would be interested in Bomb Middle England

[westley]

Hi

If you sell to a gallery you wont get the best price The partnership would be better

If it was me and i was selling these and i was not to happy about it but needed the money i would open a ebay shop list them in there. it costs pence to list for 30 days and put them at a price that makes it worth your wile say another 40%on top of what you want for them as there is bound to be someone out there with more money than sense .

[harrygoodfella]

westley said:

Hi

If you sell to a gallery you wont get the best price The partnership would be better

If it was me and i was selling these and i was not to happy about it but needed the money i would open a ebay shop list them in there. it costs pence to list for 30 days and put them at a price that makes it worth your wile say another 40%on top of what you want for them as there is bound to be someone out there with more money than sense .

Many thanks for that

Hadn't thought of that one.

Cheers

[njr911]

Those are some nice prints!

I've dealt with you in the past for some stuff and always been top notch service, if I had the cash I would snap some of these up...but I don't have the cash

[beefstockcube]

Remortaging seems the way to go:
1. rates aren't to bad, your house will no doubt increase in value by a larger % than the money borrowed
2. you'll only need something else to put on the wall in place of what was sold
3. the price of what you now have to buy to cover the naked walls needs to be taken in to consideration
4. everyone hates selling prints to do something “useful"

[neutral]

westley said:

Hi

If you sell to a gallery you wont get the best price The partnership would be better

Selling through a gallery will sure be better.

[Pattycakes]

I'd give Bloomsbury Auctions in London a call, they have got 28 Banksys coming up in October (there is a thread about it somewhere) and they are having a sale in November also, which they are taking things in for at the moment - their charges are low compaired to some of the others.

[neutral]

Auction houses tend to have an even higher commission, 25% + VAT.
Some galleries are taking 10% - 25%.

[mcnuts]

I second Bloomsbury the have an auction in october and one in november. Drop a PM to finsburyparkranger and he can fill you in on details about their rates. He is not at all associated with them but I know he has been trying to barter down their commission for a possible sale. Strength in numbers i say.

[snakes]

Sell via art republic, with the amounts they charge for framed prints, even with the commission you will be quids in.

[harrygoodfella]

Thanks for all your valuable input.

Very much appreciated

Cheers

Harry

[Pattycakes]

Mcnuts is right, Bloomsbury are offering 8% I think

[Strange Al]

mcnuts said:

I second Bloomsbury the have an auction in october and one in november. Drop a PM to finsburyparkranger and he can fill you in on details about their rates. He is not at all associated with them but I know he has been trying to barter down their commission for a possible sale. Strength in numbers i say.

With the Banksy prints, I too would say go for the Bloomsbury auction route if you're set on selling. The signed GWB alone should fetch a very decent sum.

I'm not sure how much interest the LV Child will generate at auction - it'll certainly be interesting to see what Bloomsbury say about that print. Though I guess you can always set a reasonable reserve on that one to make sure it doesn't go at undervalue.

[endtimes]

Remortaging seems the way to go:

What you're basically saying is he should go into debt to keep his Banksy prints? Remortgage so you can afford to keep your Banksys? Or should you cash in on your fortune? Is it worth it?

I'd keep one of the prints and sell the rest. You're going to make a ton off these prints no matter how you do it. In my opinon galleries and auction houses rob people - both the buyer and seller. I hate to see people sell that way because it just inflates the bubble even more with all of the fees and commisions and premiums. If something sells at auction for 10k the buy has to pay 12k and you get about 8.5-9k. That's about 3k worth of fluff that people are getting fleeced for.

Figure out about what you might make at those places and then sell it here for a 10-20% discount on that to account for fees. Or just put them on ebay, with a reserve if you must. But with the record banksy prints entering auction houses right now, I honestly think it's people offloading while the getting is good, so if ou don't get a record amount. Just be happy you've made a nice windfall.

[Strange Al]

endtimes said:

Remortaging seems the way to go:

What you're basically saying is he should go into debt to keep his Banksy prints? Remortgage so you can afford to keep your Banksys? Or should you cash in on your fortune? Is it worth it?

I'd keep one of the prints and sell the rest. You're going to make a ton off these prints no matter how you do it. In my opinon galleries and auction houses rob people - both the buyer and seller. I hate to see people sell that way because it just inflates the bubble even more with all of the fees and commisions and premiums. If something sells at auction for 10k the buy has to pay 12k and you get about 8.5-9k. That's about 3k worth of fluff that people are getting fleeced for.

Figure out about what you might make at those places and then sell it here for a 10-20% discount on that to account for fees. Or just put them on ebay, with a reserve if you must. But with the record banksy prints entering auction houses right now, I honestly think it's people offloading while the getting is good, so if ou don't get a record amount. Just be happy you've made a nice windfall.

Although I do agree with you to an extent. The number of regular forum members who have the cash for a signed GWB, for example, is pretty limited. By putting something in a contemporary print auction or gallery, you're reaching out to a far wider audience. No reason you can't do both. Fact is, if there's someone interested on the board, they're likely to have PM'd Harry by now anyway.

[harrygoodfella]

endtimes said:

Remortaging seems the way to go:

What you're basically saying is he should go into debt to keep his Banksy prints? Remortgage so you can afford to keep your Banksys? Or should you cash in on your fortune? Is it worth it?

I'd keep one of the prints and sell the rest. You're going to make a ton off these prints no matter how you do it. In my opinon galleries and auction houses rob people - both the buyer and seller. I hate to see people sell that way because it just inflates the bubble even more with all of the fees and commisions and premiums. If something sells at auction for 10k the buy has to pay 12k and you get about 8.5-9k. That's about 3k worth of fluff that people are getting fleeced for.

Figure out about what you might make at those places and then sell it here for a 10-20% discount on that to account for fees. Or just put them on ebay, with a reserve if you must. But with the record banksy prints entering auction houses right now, I honestly think it's people offloading while the getting is good, so if ou don't get a record amount. Just be happy you've made a nice windfall.

That the dilemma I am in.

I have to get this work done and whilst I would love to keep the Banksy's, the fact I will be borrowing at interest over a period of time, is basically going to cost me thousands.

I guess it comes down if that amount would be exceeded by the potential further rise in Banksy's artwork. But no-one has a crystal ball.

A couple of the "classical" art dealers I phoned in London, are even interested, and through the conversations I had I can tell they are going to try and rip me, so the Bloomsbury option seems good.

Does anyone know what the GWB's were selling at, at Andipa a few months ago? I was told £10k by someone from there. I thought that it was more than that though.

I never thought I would get to a point where I would have to sell them. But with a family and a house that needs work, Can I justify the extra expense when that expense is hanging on my walls.

Good looking walls though.

Many thanks, again for all your kind input

[cashman]

I dont think it would of got 10k on ebay and u'l lose 2k from that if it was at auction. Plus you have to remember that values have taken quite a drop over the last month for one reason or another theres just not the money around IMO

[JD]

No promises mate because I might not have it anymore but I might have the Andipa pricelist at work. I will look on monday