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Post by devours on Feb 20, 2009 15:06:39 GMT -8
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Post by evilchoy on Feb 20, 2009 20:29:59 GMT -8
cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&ssPageName=STRK:MEWAX:IT&item=200308897381This went for 685.00 less than what they originally paid for it in 2007. Not his best but a really strong piece. should at least sold 5,000. The seller originally wanted 8,000 for it I offered 4,750 and they turned me down saying that they were offered 7,000 and didn't go for it so why would they consider such a low number. This was in mid-December. I was trying to negotiate and pick up the piece at 5,000.00. Oh well I guess the 7,000 person backed out! Instead of being cordial and not offensive they could of made some money instead of losing more than 10% of the value of the painting. BTW the unnerving part is the fact that the market even for luke is going down!?!?!? oh well...time to batten down the hatches.
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Post by ziggy1 on Feb 20, 2009 21:12:09 GMT -8
You could have bought it for $4,500 on the buy it now auction they posted that ended Feb 6th.
I don't think that a resale price of $3,750 for a piece that was bought for $4,400 and change including tax and shipping is too bad.
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Post by evilchoy on Feb 21, 2009 8:35:26 GMT -8
I could have also been ripped off. I did a little due diligence on the seller and found a forum one of which had a a board member or two of our commenting on past transaction and got cold feet. forums.kidrobot.com/viewtopic.php?p=1388354Word to the wise don't try to negotiate by claiming you have a unicorn offering 7 for your piece then lower the price to 4,500 in January then raise to 5500 a few days later, lower it again to 4,500 and this time offer a vinyl possessed and then raise back up to seven a few days later. Regardless as an investor in art seeing prices go down is a little unsettling. I don't do stocks, I invest in creativity, and originality. I don't need to have the pieces make money I just don't want them to devalue by over 15% in two years. |
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Post by sleepboy on Feb 21, 2009 10:41:00 GMT -8
That seller is a not very well liked. I think he had multiple accounts and was doing some shady things and of course well established as a flipper, a hypocritical one at that. Not sure if he has ever ripped anyone off though.
Not completely suprised by the low price for the luke chueh as it's hard times for everyone. Would have picked it up if I wasn't trying to save money...someone got a great deal. It was a nice piece too.
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Post by commandax on Feb 21, 2009 11:09:48 GMT -8
Sometimes a piece's value is heightened by the person who owns it (a major collector or a respected artist), and sometimes, I guess, the value of the piece can take a hit if it's owned by someone who is universally reviled. There are people I wouldn't buy a painting from – just out of principle – and I'm sure I'm not the only one.
On the other hand, collectors are hesitant right now. There have been some really strong shows in the past few months which should have sold 80% of their work, and only sold 30%. Some people may be waiting to see what happens at Luke's next show. Others may have (wisely) decided to pay off their credit card debt and build themselves a little cash cushion against the likelihood of the economic picture getting even more bleak.
When things get better, and collectors are feeling more confident, they'll start buying again. Until then, it's bargain-hunting time.
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Post by marcusslo on Feb 21, 2009 14:01:09 GMT -8
that's sad but kinda cute to see a little kid go thru those motions. the audio of the lady calling 911 about her chimp ripping off her friends face was pretty disturbing this week  |
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