4 ms·

I'm honestly struck by how _cheap_ this piece was sold for. Banksy is a household name unlike most contemporary artists. Pieces by Jeff Koons have sold for 50 m

by twunde 8y ago

I'm honestly struck by how _cheap_ this piece was sold for. Banksy is a household name unlike most contemporary artists. Pieces by Jeff Koons have sold for 50 million but Banksy struggles to cross the 1 million mark? I'm surprised that there are no tech millionaires or Wall Street Titans buying up the pieces.

isostatic 8y ago
> Banksy British > Jeff Koons American
UncleEntity 8y ago
> ...but Banksy struggles to cross the 1 million mark? Well, now you have to add in a "risk factor" that the work you buy doesn't survive intact. Which could go either way -- non-shredded Banksy original vs. Banksy shredded original print.
orbifold 8y ago
Jeff Koons Art ist actually pretty good, I can’t say the same of Banksky. The value of Art is sometimes inversely related to how popular it is, because it then can be no longer used to signal that you „get“ it.
- therealdrag0 8y ago
  To each their own. I google-imaged Jeff Koons, and I didn't find any appealing to look at or would want around my house (except maybe giant flower puppy :P)
  - orbifold 8y ago
    Well you have to see the pieces in person, I think some of them look fantastic if you already own a completely ridiculous mansion or a semi-public space like a luxury resort in Dubai or something. They are definitely cool to look at in a museum context, I saw them at the Centre Pompidou two years ago.
Geekette 8y ago
Different trajectories: Banksy's work is rooted in street art, which is historically priced at zero or less and/or priceless, i.e. usually not removed from source (exterior walls of public infrastructure) and viewed as expense by local govt (cost to clean off) but may simultaneously be loved by residents in the community it's located in. It's also subject to unexpected change or erasure (destroyed or painted over by municipal govt or other grafitti artists). So, it's not surprising that it took longer for Banksy's work to reach $M price levels. In contrast, Koons' work is commercial to the core and on a grand scale (per physical size, amount and cost of materials, etc). The upper bounds of pricing on his work is open to debate but the lower limit was always meant to be significantly above zero.

by twunde 8y ago

isostatic 8y ago

> Banksy British > Jeff Koons American

UncleEntity 8y ago

> ...but Banksy struggles to cross the 1 million mark? Well, now you have to add in a "risk factor" that the work you buy doesn't survive intact. Which could go either way -- non-shredded Banksy original vs. Banksy shredded original print.

orbifold 8y ago

Jeff Koons Art ist actually pretty good, I can’t say the same of Banksky. The value of Art is sometimes inversely related to how popular it is, because it then can be no longer used to signal that you „get“ it.

therealdrag0 8y ago
To each their own. I google-imaged Jeff Koons, and I didn't find any appealing to look at or would want around my house (except maybe giant flower puppy :P)
- orbifold 8y ago
  Well you have to see the pieces in person, I think some of them look fantastic if you already own a completely ridiculous mansion or a semi-public space like a luxury resort in Dubai or something. They are definitely cool to look at in a museum context, I saw them at the Centre Pompidou two years ago.

Geekette 8y ago

Different trajectories: Banksy's work is rooted in street art, which is historically priced at zero or less and/or priceless, i.e. usually not removed from source (exterior walls of public infrastructure) and viewed as expense by local govt (cost to clean off) but may simultaneously be loved by residents in the community it's located in. It's also subject to unexpected change or erasure (destroyed or painted over by municipal govt or other grafitti artists). So, it's not surprising that it took longer for Banksy's work to reach $M price levels. In contrast, Koons' work is commercial to the core and on a grand scale (per physical size, amount and cost of materials, etc). The upper bounds of pricing on his work is open to debate but the lower limit was always meant to be significantly above zero.