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Post by amberhalo on Jun 30, 2015 21:34:54 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. Thanks Lee, always get some education from your posts. |
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Post by notmattl on Jun 30, 2015 21:58:41 GMT
Thanks Lee, always get some education from your posts. Absolutely second that. @lee you are not only very knowledgeable, but also very humble and matter of fact in your statement , which is such a fucking treat compared to some of the crazy bickering threads on art forums. You restore my faith in humans, seriously, you do |
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Post by jeezuzjonessnr on Jun 30, 2015 22:38:43 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 Hi Lee.. with regards to the Flower Chucker, how much do you reckon (in your opinion) Banksy sold this for to a VIP/Client in 2010? just curious to know what mark up people are making from these later works? I wonder if Banksy would then strike them off his VIP/Client list for selling on? |
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Post by lee3 on Jul 1, 2015 3:17:03 GMT
Thanks for the kind words above. I was fortunate to be taught by wise mentors who were very generous with their time so just sharing what they shared with me. We're all too busy to be arguing anyway especially in this pursuit. Jeezus, I think that chucker was 2011 as opposed to '10 so that was post exit thru and the whole international street campaign and anything by that date with that image would have cost a small fortune. Looking at the hammer price, I would not expect the original buyer to have made much but that is speculation on my part and i could be very wrong. As for the back half of that question, most artists do not wish to see their own work at auction but again, I have no idea how this artist treats those collectors. He seems to do everything by his own choice as opposed to following any predictable path made by artists before him so tough to speculate. Tougher still given that I've never met the guy and my opinion of him is based solely on my interpretation of his art. But I look forward to sharing a pint or scotch some day, ha ha.
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Post by jeezuzjonessnr on Jul 1, 2015 5:12:10 GMT
Thanks Lee. Yes that's what I thought, all the recent pieces sold Banksy must have asked a lot for as he has mouths to feed and a wife who likes expensive shoes etc. like the rest of us do  Nice position for Banksy to be in, no need to bother with prints. Just produce a few OG stencils per year, sell to VIP's and make a million pounds for a few hours work |
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Post by lee3 on Jul 1, 2015 16:14:09 GMT
I'm pretty surprised that monkey sold for the same amount as the chucker. If it were a laugh now, i get it but keep it real? I suppose that diamond shape was rather offputting but still think from a buyers perspective the chucker buyer did better.
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Post by blade on Jul 1, 2015 17:54:32 GMT
I'm pretty surprised that monkey sold for the same amount as the chucker. If it were a laugh now, i get it but keep it real? I suppose that diamond shape was rather offputting but still think from a buyers perspective the chucker buyer did better. I'd of rather had the Chucker given the choice, but I do like the Keep it Real canvas, only one i've seen with colored background and drip effect. I was surprised the Rat with Umbrella made £68k, especially given it was in an edition of 25. I think this was a very strong showing for Banksy, I didn't see any let up in interest or prices. |
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Post by lee3 on Jul 1, 2015 18:20:04 GMT
I'm pretty surprised that monkey sold for the same amount as the chucker. If it were a laugh now, i get it but keep it real? I suppose that diamond shape was rather offputting but still think from a buyers perspective the chucker buyer did better. I'd of rather had the Chucker given the choice, but I do like the Keep it Real canvas, only one i've seen with colored background and drip effect. I was surprised the Rat with Umbrella made £68k, especially given it was in an edition of 25. I think this was a very strong showing for Banksy, I didn't see any let up in interest or prices. Funny as after the showing yesterday, i had phone lines for both lots today at bonhams to make sure that I wasn't kicking myself after the fact thinking they went too low. To suggest I was run over is a gross understatement and that monkey went for top dollar. I far and away prefer laugh now regardless of paint drips and it makes the buyer (a friend) of the existencilism edition 5 laugh now from sotheby's last november at $137k look like a very savvy pick up. That's the rub with these auctions in that some things look really pricey and others look cheap. To my eyes, that monkey was pricey and the chucker was cheap (I say cheap in the context of his art lest one confuse that I think anything at this price is cheap) this week but i'm one of many thousands of eyes watching this thing. As far as that rat being edition 25, I really don't think that's the case. I've never seen that image on secondary before and this one was number 2 of 25. If there were in fact 25 of them we would have seen them far more often in years past as we used to with heavy weaponry's, GWB's and kids on guns. His MO back then was to cap the editions at 25 but paint and number as sold so some of the less popular imagery at the time have very few actually out there. Only pest control would know for sure but my hunch is that this rat, angry crows, Key to making great art, and even radar rat canvases are not out there in collectors hands numbered 25 of 25. |
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