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Post by StephenW on Jan 15, 2009 19:23:13 GMT -8
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Post by StephenW on Jan 15, 2009 19:36:11 GMT -8
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Post by commandax on Jan 15, 2009 19:59:58 GMT -8
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Post by steveinca on Jan 15, 2009 20:52:45 GMT -8
Out of curiousity, what was the gallery/original selling price of each piece?
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Post by comiconart on Jan 16, 2009 15:20:17 GMT -8
Nice pieces (I prefer Utagai of the two), but I definitely think they are overpriced. I would say $11k - $12k would be more realistic.
Not that it matters, as her market has changed so much in the last few years...but the original gallery prices on these two were probably in the $1000 - $2500 range.
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Post by amin on Jan 24, 2009 13:36:48 GMT -8
$11k - $12k realistic? In this economy?
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Post by comiconart on Jan 24, 2009 16:59:52 GMT -8
Yes. Ratgirl sold for $12k at Art Basel, and it was the same size as Belinda. Other pieces have also sold in similar price ranges over the past 6 months.
I guess it depends, though, on how badly the seller wants to move them. Maybe 9k or 10k if they are in a rush.
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Post by migston26 on Mar 27, 2009 17:08:56 GMT -8
Both are down to $8k now
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Post by amin on Mar 27, 2009 18:52:16 GMT -8
and will probably drop further.
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Post by comiconart on Mar 31, 2009 20:47:40 GMT -8
The seller isn't doing himself any favors by constantly relisting and dropping the prices. Now it just looks like desperation. And if there are two things that work against a painting, it's (1) the appearance of undesirability, and (2) a seller that looks desperate. Both are true in this case. I hope this doesn't affect Audrey's overall market too badly (at least, any worse than the economy)...but I have a feeling it might.
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Post by richardtharbaugh on Mar 31, 2009 22:44:21 GMT -8
Yeah, I hope it doesn't take her over the bridge and into the theme, or anything.
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Post by amin on Apr 1, 2009 5:51:20 GMT -8
I know that this sucks for Audrey collectors, but like everything else, prices are plummeting so I suspect her "market" will be impacted significantly.
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Post by entropy on Apr 1, 2009 11:10:00 GMT -8
Anyone ever find out what the deal is with the right arm? It appears Audrey originally incorporated the blackened knot in the wood as a part of the image - Possibly a severe, self inflicted injury (burn). See blood on fingers for clues to Belinda's mindset.
But now... uh, looks like an amateur collector took some White Out and covered up the "blemish" in Audrey's painting!
* * *
About the plummeting market value of Audrey's work: For dismayed Audrey collectors, the best thing that can happen is that one or more of her most prominent collectors swoops in and purchases these at $7.5K a pop. This would preserve the currently value of his/her collection. This will keep the perceived market value at the $7.5K level for a piece of this size. [At least temporarily]. Then discreetly offload the artwork to a gallery or art dealer or collector. This sort of thing happens all the time, as you'll read in Don Thompson's The $12 Million Stuffed Shark
Whether we like it or not, eBay is probably one of the best barometers of secondary market values for artwork in the Low Brow / Pop Surrealist genres. And if an artist in this genre doesn't have stuff on eBay, chances are they just don't have a secondary market. This means their collector base just isn't that deep.
At the highest end, and in the context of World History, only Christie's and Sotheby's matters. Private sale figures aren't usually made public, at least not till a major work shows up at these auction houses where provenance is important.
At the junior level, we have Phillips de Pury. Not sure if low brow stuff has been made available here. Wouldn't be surprised if a Robert Williams or Mark Ryden has already made an appearance here.
Then we have eBay. eBay is the auction house of choice for our little scene. We art buyers, or at least amateur collectors, like myself, do not have the option of selling back to the gallery or a museum or art dealer in an attempt to keep things discreet (keep values artificially inflated for the benefit of all interested parties). We can try, but usually, politely, are told not interested at this time. Most galleries just don't have the cash to buy it back... though they do have some connections. The downside is that the gallery or dealer would probably want a slice of the resale pie...which can be a deterrent. Still, Audrey's kind of popular : ) For $7K or lower, I think Copro or Thinkspace potentially has a list of willing buyers... For the original asking price of $14K though, dream on.
Anyway, in the case of "Belinda" and "Utagai", the seller will ultimately make a monster profit, even if he/she were to lower it down to $4K, that's still more than double the original price. That's a win, especially when 80% of ALL art ever sold or created will never resell for its original primary market cost.
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Post by comiconart on Apr 1, 2009 11:51:06 GMT -8
Yeah, I hope it doesn't take her over the bridge and into the theme, or anything. Wow, good call! So true...that WOULD suck! Well said, Richard! |
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ill
Full Member
Posts: 158
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Post by ill on Apr 1, 2009 13:00:10 GMT -8
I personally feel both are rather weak pieces and that's why they aren't selling. I think this is just a result of people being more discriminating in general, and not so much a reflection on a declining Audrey market. I somehow do not see her amazing pieces becoming any more affordable at any point in the future.
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Post by comiconart on Apr 1, 2009 13:04:25 GMT -8
Excellent point...you might be right about that. 6 months to a year ago, everyone was so anxious to have an Audrey (ANY Audrey) that they would pay very high prices for just about anything. Now, quality is much more important given the economy...not just with Audrey, but with all artists. The best of the best still does well, but everything else has noticeably softened. Utagai is a pretty nice piece, but Belinda is certainly a weaker example...and both are older.
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Post by virtu on Apr 1, 2009 13:39:18 GMT -8
2 paintings on Ebay well above what they originally sold for does not make an artist market decline.
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Post by cocollect on Apr 1, 2009 16:22:55 GMT -8
Anyone ever find out what the deal is with the right arm? It appears Audrey originally incorporated the blackened knot in the wood as a part of the image - Possibly a severe, self inflicted injury (burn). See blood on fingers for clues to Belinda's mindset. But now... uh, looks like an amateur collector took some White Out and covered up the "blemish" in Audrey's painting! interesting...i think that some of the the images on copro's site were taken before the pieces were varnished. it's possible that audrey went back in and touched up the knot, but i can't imagine why. i love the effect you see in the copro image. |
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Post by juggernut3 on Apr 1, 2009 18:28:36 GMT -8
Piggybacking on what ill and comicon stated.
1) It's far too soon to determine what the market trend is for Audrey. The sky is not falling due to one variance in the market. Like the recent print market deflation; a few prints going sky high due to some uneducated buyers... a market it does not make.
Audrey has a sellout streak for all her shows in 2008: Copro, Mondo, Thinkspace... 2007 was much of the same. (Someone please confirm for me?) Now if her show in Japan with 10 pieces and her Levine show does poorly, maybe this assumption would gain legs. But right now she's selling out 99% of all her work. I'll take that bet if you ask me.
2) It's one seller and two pieces that are not the top examples of her work. If it were "If only you were here" or "Two Sisters" selling for less than their perceive market value, then maybe collectors should worry. But even in a down economy like we are in now, top-quality pieces are still selling at Art Fairs, Auctions and Galleries for artists. As comicon and ill stated, these are not the best example of her work. IMHO, these don't even crack the top 30 of my personal favs for Audrey.
Also the seller didn't exactly help his or herself as previously mentioned. It's a psychological issue of haggling at a street market... when you see the salesman fishing a high price then turns around and says... "ok for you I can do 20% off... no? How about 35% off... ok ok... 50% off, final offer!" The credibility is loss and stable facade of value plummets.
Basically if these pieces fall below a certain elasticity level, I'm sure many people on Archival (let alone eBay) would jump in.
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Post by kamikaze on Apr 4, 2009 13:59:59 GMT -8
Listen friends, art "values" depend on just one thing: what just one other idiot is willing to pay.
Last summer, I was that guy willing to drop $10k on an Audrey (ANY Audrey), and I learned a lot from the experience. I bought the wrong piece -- it was a great painting, mind you, but not the one that I wanted to live with, and owning it didn't curb my Audrey OG lust -- which put me in the position of trying to sell in this crazy economy.
And I did -- at enough of a profit that Audrey got her cut (something too few "flippers" respect, IMHO), the gallery made some dough, and I broke even. The whole process took me nearly seven months though. You can't rush these things. Do it on eBay, and you're stuck hoping the auction gets spotted by some collector with thousands to burn. And this seller isn't doing himself any favors by dropping the price every time he reposts the auction. I mean, if you must go that route, why not ask the moon to get the conversation started, then work out an actual deal that works for both parties independent of eBay? At least that maintains the illusion of demand. I know it's worked for others on this board.
Sure, the economy's slowing everything down (which is good, if you ask me, since we were in "bubble" territory six months back), forcing people to let go of pieces whose values have increased by 10 or more times since they were first purchased. Last summer, I located maybe half a dozen OGs (not counting our man, comiconart, who's got a killer collection). But I bet we'd all be shocked by how many Audreys (and other lowbrow artists in her price range) have traded hands in the last six months by people who needed the cash.
But these things bounce back, and I'm sure her next couple of shows will sell well. Maybe they won't sell out "immediately" to wait-listers the way they have in the past (I actually hope some new "name" collectors jump in on the Levine show -- Audrey could use some established patrons to cement her rep), but my experience has taught me that there's a certain artificiality in that anyway. After being shut out for years, I bought my way on to the list at the Rome show and scored exactly the painting I wanted (the real reason I was willing to let that other OG go).
I've actually got another big Audrey OG purchase in the works now, so that means there's at least one idiot out there paying decent money for her stuff -- and I'm sure I'm not alone.
P.S. I'm still looking for an OctoGirls print, if anyone has one. Willing to pay decent money -- or trade (I have Blue Girls, Nest Hair, Okimiyage and a few others).
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Post by kamikaze on Apr 21, 2009 10:19:49 GMT -8
Hey guys, Not sure whether anyone out there is looking to buy an Audrey right now, but eBay is hardly the only route. I dropped by Gallery Nucleus this past weekend and spotted Owakare on the wall. It's the canvas painting Audrey did for her 2007 Ephemera show ( i-seldom-do.livejournal.com/113106.html). Just thought I'd mention it.  More info here: www.gallerynucleus.com/detail/4407Peter |
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Post by amin on Apr 21, 2009 11:15:49 GMT -8
nice, how much were they asking?
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Post by kamikaze on Apr 22, 2009 10:40:10 GMT -8
nice, how much were they asking? I'll leave the price out of it, but more in the range of what her new work is fetching. I'm sure there's some bargaining room in there, since this painting was also posted on eBay not so long ago. Glad they chose to go the gallery route though -- hope that means Audrey will get her cut of the deal. |
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Post by amin on Apr 23, 2009 18:16:38 GMT -8
listed again
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