No bid: artnet’s latest graffiti/street art auction

June 26th, 2011 | By | 6 Comments »

Keith Haring. Estimated $200,000 to $250,000. Opening at $145,000. No bids so far.

There are 148 lots in artnet’s latest graffiti and street art themed auction. The sale began on Tuesday and ends on the 28th. So far, over 100 of those lots have no bid.

The work isn’t bad. There’s a nice Richard Hambleton, iconic pieces by Haze, a classic photo by Henry Chalfant and a lot more. With a range of artists from Taki183 and Futura to Shepard Fairey and Zevs, there’s a little bit of everything in this auction. While there are some stinkers for sure, most people who read Vandalog will probably find something they like.

So what’s going on here? Why no bids? Do people not want to buy expensive art online? Do people not want to sell good art through an online auction? And what about things like that Richard Hambleton piece going for super cheap, compared to what galleries are trying to sell his work for? I guess that’s that bubble burst, yet again (his auction results are usually much lower than his gallery prices). Maybe one big plus about auctions like this is that they cut through all that hype. Unlike an auction at Christie’s or Sotheby’s, artnet auctions don’t have auctioneers and specialists goading buyers to spend big. And at a quick glance, some of the opening bids look high. Anyway, I’m not going to look through every single listing, but I suspect there might be a few deals hidden in this flop of an auction, if you can wade through everything else.

Better luck next time artnet.

Photo courtesy of artnet


Category: Auctions | Tags: , , , , , , , ,
  • http://www.facebook.com/bill.benzon Bill Benzon

    Well, you know, absent the street locale, a lot of this stuff looks pretty much like this or that brand of studio art, so why pay a premium for ‘street cred’ on all too often second-rate stuff that isn’t, after all, actually on the street?

  • Flop House
  • http://blog.vandalog.com/ RJ Rushmore

    Haha. So either a bunch of bidders came in at the last second, or that site is just regurgitating press releases.

  • http://blog.vandalog.com/ RJ Rushmore

    Haha. So either a bunch of bidders came in at the last second, or that site is just regurgitating press releases.

  • http://blog.vandalog.com/ RJ Rushmore

    Haha. So either a bunch of bidders came in at the last second, or that site is just regurgitating press releases.

  • Flop House

    i’d run with the former. usually how the cookie crumbles with these online sales. people dont like to show their cards too¬†early…