Banksy

[mexico1970]

is that a bit like
Investing in property
Investing in cars
Investing in watches
Investing in stocks and shares.

Exactly, when it comes to investments people invest in everything as long as it makes them money.

 

[domalino]

Of course it is, at the high end it's actually called investing in art.

I am not knocking artists, just those that break the law and get away with it mate.

He’s probably taking issue with you saying art is “mostly” bought for investment.

Investment art is probably 0.1% of art sales, the 99% is people buying pieces for their homes to enjoy or companies just filling empty office corridor walls.

I think most of us correctly assumed you were referring to the kind of art we were already talking about.

 

[Deleted member 13905]

What do you think is the most important thing in being a successful artist, given your experience?

i don't think success is an important barometer.
a lifetime of doing what you love is all that matters.
if people like it they like it.
just like music.

 

[mexico1970]

He’s probably taking issue with you saying art is “mostly” bought for investment.

Investment art is probably 0.1% of art sales, the 99% is people buying pieces for their homes to enjoy.

Don't be disingenuous we are talking about Banksy here not buying something from a local gallery. Banksy paints tat and people buy if for investment reasons.

 

[domalino]

Don't be disingenuous we are talking about Banksy here not buying something from a local gallery. Banksy paints tat and people buy if for investment reasons.

Yeah I agree with you, the conversation was about top end art and it was clear you were talking about that, but otherwise I don’t know how he can profess to tell you that you’re wrong that it’s mostly bought for investment. Even if the collector is a genuine art fan, when they’re spending 7,8,9 figures on something it’s an investment.

 

[mexico1970]

Yeah I agree with you, the conversation was about top end art and it was clear you were talking about that, but otherwise I don’t know how he can profess to tell you that you’re wrong that it’s mostly bought for investment. Even if the collector is a genuine art fan, when they’re spending 7,8,9 figures on something it’s an investment.

It's a murky world the art world, as they say where there's muck there's brass.

We all appreciate art in some way, some of us would even buy it even if it depreciated in value.

 

[Alan Harper's Tash]

i don't think success is an important barometer.
a lifetime of doing what you love is all that matters.
if people like it they like it.
just like music.

I guess that depends on whether you are doing it for a career or not. I chose not to do music professionally and do the stuff I like, to a semi professional standard, but in an area which isn‘t profitable.

As a professional, you’re reliant on making enough money to firstly live on and hopefully to enhance your lifestyle in the areas you enjoy.

Most modern art is alien to me. I’ve been round the Tate Modern’s and I simply don’t get it. They must do okay if they can support themselves though!

Banksy is a celebrity artist that’s used social media better than any other artist. Even his choice of canvas gets gums flapping from those that don’t like him.

And with that, I’m off to rehearse the B Minor Mass!

 

[mrtwiceaseason]

well, i'm a 59 year old fine artist,
but you're right, i'll just fuck off instead :)

I'm 59 also if you asked me to draw a cat it would look like a 4 year old had done it :+)

 

[Deleted member 13905]

Of course it is, at the high end it's actually called investing in art.

I am not knocking artists, just those that break the law and get away with it mate.

no, honestly, it really isn't.
the vast majority of artworks are sold simply because the buyer likes it.
paying a few thousand for a contemporary painting has nothing to do with investment.
it's only the over-wealthy who spend millions
and i think that's often more about showing off then investing.

that said,
there are lots of stolen paintings used instead of cash in the underworld,
famous old masters don't lose their value
and are easier to hide than cash.

i know several, let's call them, street artists.
they definitely aren't doing it for money.
in fact, they risk their freedom at times.
they do it because they love doing it.

as pep guardiola recently said,
"if you wake up every morning
and you are going to do something that you love,
then that is enough."

 

[mexico1970]

no, honestly, it really isn't.
the vast majority of artworks are sold simply because the buyer likes it.
paying a few thousand for a contemporary painting has nothing to do with investment.
it's only the over-wealthy who spend millions
and i think that's often more about showing off then investing.

that said,
there are lots of stolen paintings used instead of cash in the underworld,
famous old masters don't lose their value
and are easier to hide than cash.

i know several, let's call them, street artists.
they definitely aren't doing it for money.
in fact, they risk their freedom at times.
they do it because they love doing it.

as pep guardiola recently said,
"if you wake up every morning
and you are going to do something that you love,
then that is enough."

I am specifically talking about high end mate, you'd agree it's a murky world at sotheby's level wouldn't you?