Weird Banksy sells his art for practically nothing to unsuspecting public

[seph ir oth]

Unsuspecting tourists who thought they were buying cheap Banksy knock-offs have scored the bargain of a lifetime after the elusive street artist revealed the paintings were really his.

Banksy used an anonymous old man to sell several of his original works for US$60 ($63.60) from a stall in New York's Central Park on Sunday.

The paintings are actually worth around $42,400 each.

It took hours for the man to make his first sale, no doubt because everyone thought he was selling counterfeits.

His first customer was a woman who bought two small canvases for her children – but only after haggling him down to a half-price discount.

Banksy sells his art for practically nothing to unsuspecting public

Unsuspecting tourists who thought they were buying cheap Banksy knock-offs have scored the bargain of a lifetime.

www.theage.com.au

 

[FireCat]

$60?

 

[Accname]

Who would pay $60 for this?

 

[Varine]

$42,400

Apparently they aren't worth that, because no one paid that for it. Pretty sure you can't attach whatever value you want to items, otherwise I've got a few million dollars in collateral in my house.

 

[Accname]

They dont even look good. Looks kinda boring to me. You find crap like that on the internet at every other corner.

 

[The Helper]

You will only find that in New York. He is never in Houston

 

[Varine]

Eh, I kind of like a couple I've seen. Minimalist approach, though at best I would only get them to fill in space on the wall (which I don't currently need). But definitely not worth thousands of dollars.

 

[FireCat]

You will only find that in New York. He is never in Houston

Maybe that's a good thing?
Well, he might vandalism your buildings with graffiti.

 

[Sim]

Apparently they aren't worth that, because no one paid that for it. Pretty sure you can't attach whatever value you want to items, otherwise I've got a few million dollars in collateral in my house.

Mainly because they didn't know it was worth $42400. It's pretty much straightforward to expect that what people sell on the streets is worth pretty much nothing because of counterfeiting...

 

[Varine]

Mainly because they didn't know it was worth $42400. It's pretty much straightforward to expect that what people sell on the streets is worth pretty much nothing because of counterfeiting...

Yeah but who decided it was worth that much? If they did know, no one would have bought any of them.

 

[Accname]

I, again, have to agree with varyne. The value of goods is determined only when they are purchased. Until anybody buys it from you its a worthless item. Only when somebody is actually going to pay you money you can tell how valueable something really is.
The art there? I wouldnt even pay $60 for that. More like $10 maybe.

 

[KMilz]

That's all true, unless these pieces actually regularly sell at galleries or online or wherever artists sell stuff. If the sales are regular enough at that price, it'd be safe to value them at that price.

 

[KaerfNomekop]

That's all true, unless these pieces actually regularly sell at galleries or online or wherever artists sell stuff. If the sales are regular enough at that price, it'd be safe to value them at that price.

You can't really say that a piece will be worth the same value as its counterparts. If an artist regularly paints lifelike oil landscapes for $1 million, is a stick figure drawing by the same artist worth an equal amount?

 

[KMilz]

Like I said, if the sales are regular enough then you really can value them like that. These pieces were all of the same style as the ones before so the second part doesn't really apply to this situation, but if they were significantly different from his regular works then I wouldn't think you could base the price in the same way.

 

[FireCat]

These pieces were all of the same style as the ones before so the second part doesn't really apply to this situation

What about "The time, Size of work etc... " Would you take the same price?

 

[Varine]

Like I said, if the sales are regular enough then you really can value them like that. These pieces were all of the same style as the ones before so the second part doesn't really apply to this situation, but if they were significantly different from his regular works then I wouldn't think you could base the price in the same way.

That isn't how the economy works.