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Post by alittle on May 23, 2015 1:08:43 GMT
phillips.com/auctions/auction/UK030215Some Banksy Lots: - Lot 70: CYW Khaki - Lot 169: Laugh Now Unsigned - Lot 170: Golf Sale Unsigned - Lot 171: Happy Choppers Unsigned - Lot 172: Colour Trolleys
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Post by blackappleart on Jun 10, 2015 19:24:47 GMT
Two real gems added for June 30th   |
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Post by lee3 on Jun 10, 2015 20:11:03 GMT
That is a very aggressive estimate for the happy choppers on top of a painting with obvious condition issues. A $450k low estimate for an artist who has had exactly 15 pieces sell at auction (private sale is another matter entirely) for $450k or more is not commonplace. I can appreciate the desire to tuck his work into an evening sale but I wonder if this was the best choice? My worthless speculation is that the consignor played hardball with price and that the house just wanted work for this artist to generate interest. It will be very interesting to watch that specific piece.
I'm stunned that neither of the two primary auctions houses could shake loose one banksy for their June sales. All the more so considering it was just a year ago that Sotheby's hosted that silly selling exhibition which is something they normally choose to host for deceased artists. Even after all of that pomp and circumstance, nothing?
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Post by Deleted on Jun 10, 2015 20:54:15 GMT
Do agree lee3 , if the HC sells for that+fees it will be because of the name, i can see why study was put in the title. The LIITA could do without the drippy heart as well but i am a bit dead to symbolic hearts.... also grumpy coz my chinese hasnt arrived and im starvin!! Ps hc is missing the bow |
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Post by posterbob on Jun 11, 2015 20:17:20 GMT
Come on, not a single the bubble has burst comment?
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Post by manty on Jun 11, 2015 20:33:23 GMT
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Post by Deleted on Jun 11, 2015 20:48:44 GMT
They're not up until the end of the month |
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Post by posterbob on Jun 11, 2015 20:54:32 GMT
No, those are going up for auction in a few weeks. Earlier today five prints went up for sale and including fees, all sold for under gallery prices: Trolleys (coloured) £5,625 Golf Sale (unsigned) £3,250 Laugh Now (unsigned) £6,250 CYW (khaki) £11,50 Happy Choppers (unsigned) £3,750 |
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Post by disdig1 on Jun 11, 2015 20:59:32 GMT
pretty cheap on the trolleys and HC.
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Post by alittle on Jun 11, 2015 21:01:07 GMT
Tough to take one auction in isolation and draw any meaningful conclusions. Look at Digard less than 2 weeks ago...those hammer prices were stupid.
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Post by posterbob on Jun 11, 2015 21:10:15 GMT
Tough to take one auction in isolation and draw any meaningful conclusions. Look at Digard less than 2 weeks ago...those hammer prices were stupid. For me it's quite difficult to see every print in an auction by one particular artist sell for well less than gallery prices and to not raise an eyebrow. Other artists, such as Richter and Hirst did very well. |
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Post by Deleted on Jun 11, 2015 21:24:17 GMT
Tough to take one auction in isolation and draw any meaningful conclusions. Look at Digard less than 2 weeks ago...those hammer prices were stupid. For me it's quite difficult to see every print in an auction by one particular artist sell for well less than gallery prices and to not raise an eyebrow. Other artists, such as Richter and Hirst did very well. I would expect auction prices inc fees to be less than gallery prices, Hc and trolleys a bit less than gallery, khaki spot on gallery, laugh now and golf sale above gallery. |
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Post by disdig1 on Jun 11, 2015 21:52:22 GMT
Tough to take one auction in isolation and draw any meaningful conclusions. Look at Digard less than 2 weeks ago...those hammer prices were stupid. For me it's quite difficult to see every print in an auction by one particular artist sell for well less than gallery prices and to not raise an eyebrow. Other artists, such as Richter and Hirst did very well. id say so... phillips.com/detail/DAMIEN-HIRST/UK030215/183 |
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Post by Deleted on Jun 11, 2015 21:56:35 GMT
For me it's quite difficult to see every print in an auction by one particular artist sell for well less than gallery prices and to not raise an eyebrow. Other artists, such as Richter and Hirst did very well. id say so... phillips.com/detail/DAMIEN-HIRST/UK030215/183Mickey has to be hirst sitting back laughing at the artworld |
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Post by lee3 on Jun 11, 2015 21:58:28 GMT
Tough to take one auction in isolation and draw any meaningful conclusions. Look at Digard less than 2 weeks ago...those hammer prices were stupid. For me it's quite difficult to see every print in an auction by one particular artist sell for well less than gallery prices and to not raise an eyebrow. Other artists, such as Richter and Hirst did very well. Auction is very often the least expensive way to source prints for a high profile artist. There is no greater example of this fact that the Warhol market but the same is true for numerous others. Having attended a number of auctions in the past, it's been my impression that the print ones are dominated by dealers who are buying for inventory. As it is all 5 of those prices seem to my eyes to be in line though perhaps collectively about 5k cheap. Fwiw, I would expect to see this priced @ 50-60k at most dealers: phillips.com/detail/ANDY-WARHOL/UK030215/58?fromSearch=warhol&searchPage=1 |
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Post by Deleted on Jun 11, 2015 22:20:45 GMT
For me it's quite difficult to see every print in an auction by one particular artist sell for well less than gallery prices and to not raise an eyebrow. Other artists, such as Richter and Hirst did very well. Auction is very often the least expensive way to source prints for a high profile artist. There is no greater example of this fact that the Warhol market but the same is true for numerous others. Having attended a number of auctions in the past, it's been my impression that the print ones are dominated by dealers who are buying for inventory. As it is all 5 of those prices seem to my eyes to be in line though perhaps collectively about 5k cheap. Fwiw, I would expect to see this priced @ 50-60k at most dealers: phillips.com/detail/ANDY-WARHOL/UK030215/58?fromSearch=warhol&searchPage=1Yeah banksy in general is an enigma, hes turned the artworld on its head in regards to the norm expected, private sales often equal gallery price causing galleries to increase their prices causing private sellers to increase theirs, no direct source for dealers, dealers have no real control of the market prices as theres no direct source, until recently influential galleries etc called it a fad(some surprisingly still do), influential players were unsettled because he didnt have a leash or the usual constriction/ direction and moulding many before had...its interesting thats for sure, whatever way it plays out it will be unique to the art market.. |
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Post by manty on Jun 12, 2015 7:27:52 GMT
They're not up until the end of the month Ok thanks, Good news, I have enough time to put in a few hours overtime before then |
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Post by dungle on Jun 12, 2015 8:13:24 GMT
Mickey has to be hirst sitting back laughing at the artworld One of the shittest images of all time. |
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Post by artpie4000 on Jun 24, 2015 16:18:41 GMT
Mickey has to be hirst sitting back laughing at the artworld One of the shittest images of all time. ugh! this is craziness. Clearly prints can do well in the long term if you have the right artist and a good portfolio I guess |
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Post by lee3 on Jun 30, 2015 15:08:57 GMT
So this went unsold which should come as no huge surprise given its estimate and the fact that just 15 other works by this artist have ever exceeded the low estimate at auction. I don't think consigning with outrageous estimates does the owner any favors and would argue a teaser rate along with the house for better results. Plus, now it has the burned distinction which is unfortunate.  BANKSY Study for Happy Choppers, 2003 spray paint on found framed oil painting 79 x 109.7 cm (31 1/8 x 43 1/4 in.) This work is accompanied by a certificate of authenticity issued by Pest Control. Estimate £300,000 - 400,000 ‡ ♠ Sold For Bought In The awkward diamond chucker fared better but still not all that great . This owner would have done FAR better in terms of investment (artistic enjoyment notwithstanding) buying unsigned prints over the past 4 years which is a strange yet true statement.  BANKSY Love is in the Air (AKA Flower Thrower), 2010 spray paint on canvas diamond: 84.5 x 84.5 cm (33 1/4 x 33 1/4 in.) square: 60 x 60 cm (23 5/8 x 23 5/8 in.) Signed and dated 'BANKSY 2010' on the reverse. This work is accompanied by a certificate of authenticity issued by Pest Control. Estimate £150,000 - 200,000 ‡ ♠ SOLD FOR £134,500 |
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Post by sɐǝpı ɟo uoıʇɐɹǝpǝɟ on Jun 30, 2015 15:12:18 GMT
So this went unsold which should come as no huge surprise given its estimate and the fact that just 15 other works by this artist have ever exceeded the low estimate at auction. I don't think consigning with outrageous estimates does the owner any favors and would argue a teaser rate along with the house for better results. Plus, now it has the burned distinction which is unfortunate. BANKSY Study for Happy Choppers, 2003 spray paint on found framed oil painting 79 x 109.7 cm (31 1/8 x 43 1/4 in.) This work is accompanied by a certificate of authenticity issued by Pest Control. Estimate £300,000 - 400,000 ‡ ♠ ugh. i'm so poor not wealthy |
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Post by blackappleart on Jun 30, 2015 16:48:41 GMT
So this went unsold which should come as no huge surprise given its estimate and the fact that just 15 other works by this artist have ever exceeded the low estimate at auction. I don't think consigning with outrageous estimates does the owner any favors and would argue a teaser rate along with the house for better results. Plus, now it has the burned distinction which is unfortunate. BANKSY Study for Happy Choppers, 2003 spray paint on found framed oil painting 79 x 109.7 cm (31 1/8 x 43 1/4 in.) This work is accompanied by a certificate of authenticity issued by Pest Control. Estimate £300,000 - 400,000 ‡ ♠ Sold For Bought In The awkward diamond chucker fared better but still not all that great . This owner would have done FAR better in terms of investment (artistic enjoyment notwithstanding) buying unsigned prints over the past 4 years which is a strange yet true statement. BANKSY Love is in the Air (AKA Flower Thrower), 2010 spray paint on canvas diamond: 84.5 x 84.5 cm (33 1/4 x 33 1/4 in.) square: 60 x 60 cm (23 5/8 x 23 5/8 in.) Signed and dated 'BANKSY 2010' on the reverse. This work is accompanied by a certificate of authenticity issued by Pest Control. Estimate £150,000 - 200,000 ‡ ♠ SOLD FOR £134,500 I think it was a combination of high estimates and being at a less popular auction house. Lower estimate and including it with the Bonhams July 1st or 14th auction would have most likely yielded a different result. The flower thrower was a great deal IMO for such an iconic 1/1 |
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Post by lee3 on Jun 30, 2015 16:59:14 GMT
>>>I think it was a combination of high estimates and being at a less popular auction house. Lower estimate and including it with the Bonhams July 1st or 14th auction would have most likely yielded a different result. The flower thrower was a great deal IMO for such an iconic 1/1 <<<
You really put bonhams above phillips? Phillips moves stuff in the 10s of millions price wise which is rare, if ever, at bonhams. Imo, there are the two primary houses and even they are not equal any more and haven't been for years. It's christie's first, a huge step down to sotheby's, then phillips, then bonhams and then everyone else. Phillips have certainly taken a step back since Simon departed and the pair of primary houses have moved in and tried to take a bite of their historic lunch (up and coming NY artists).
I can appreciate someone suggesting bonhams in london for this one artist has a lot more history but they just don't have the client reach that the other 3 houses have. Bonhams has a long history with banksy dating back over a decade and my 2 cents is that you go to bonhams to buy in general as opposed to sell and the larger ticket items (multiple nola canvases and many others back in the day) did not fare very well. Great place to consign prints but in general my feeling is that i would not consign an original there. Their auction on the 14th is a print auction anyway i believe and best to put any originals in tomorrow's if one considers that route. Agree with you that the chucker was a good pickup for the buyer today but the original buyer did not fare very well on it leaving artistic enjoyment out of the equation which is tough to do.
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Post by blade on Jun 30, 2015 17:35:34 GMT
>>>I think it was a combination of high estimates and being at a less popular auction house. Lower estimate and including it with the Bonhams July 1st or 14th auction would have most likely yielded a different result. The flower thrower was a great deal IMO for such an iconic 1/1 <<< You really put bonhams above phillips? Phillips moves stuff in the 10s of millions price wise which is rare, if ever, at bonhams. Imo, there are the two primary houses and even they are not equal any more and haven't been for years. It's christie's first, a huge step down to sotheby's, then phillips, then bonhams and then everyone else. Phillips have certainly taken a step back since Simon departed and the pair of primary houses have moved in and tried to take a bite of their historic lunch (up and coming NY artists). I can appreciate someone suggesting bonhams in london for this one artist has a lot more history but they just don't have the client reach that the other 3 houses have. Bonhams has a long history with banksy dating back over a decade and my 2 cents is that you go to bonhams to buy in general as opposed to sell and the larger ticket items (multiple nola canvases and many others back in the day) did not fare very well. Great place to consign prints but in general my feeling is that i would not consign an original there. Their auction on the 14th is a print auction anyway i believe and best to put any originals in tomorrow's if one considers that route. Agree with you that the chucker was a good pickup for the buyer today but the original buyer did not fare very well on it leaving artistic enjoyment out of the equation which is tough to do. Was that £134k with auction fees, artists rights fee etc. If not does anybody know the final price please. |
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Post by lee3 on Jun 30, 2015 18:14:11 GMT
>>>Was that £134k with auction fees, artists rights fee etc. If not does anybody know the final price please.<<<
134k includes house premium and does not include 4% ARR, shipping or VAT/use tax if applicable. Hammer was 110k sterling and the seller receives the hammer minus whatever sellers fees they agreed to which should have a couple points at most in this case.
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