Comments on: Hirst: Still weak http://blogs.reuters.com/felix-salmon/2009/09/17/hirst-still-weak/ A slice of lime in the soda Sat, 25 May 2013 00:03:13 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: Satan Mayo http://blogs.reuters.com/felix-salmon/2009/09/17/hirst-still-weak/comment-page-1/#comment-6972 Satan Mayo Mon, 21 Sep 2009 04:25:27 +0000 http://blogs.reuters.com/felix-salmon/2009/09/17/hirst-still-weak/#comment-6972 In the world of art I think "same order of magnitude" counts as "the same price". In the world of art I think “same order of magnitude” counts as “the same price”.

]]> By: Tiny Tim http://blogs.reuters.com/felix-salmon/2009/09/17/hirst-still-weak/comment-page-1/#comment-6930 Tiny Tim Fri, 18 Sep 2009 11:48:40 +0000 http://blogs.reuters.com/felix-salmon/2009/09/17/hirst-still-weak/#comment-6930 To be fair, if the average estimate of the future sale is £550k and the estimate for the previous sale was £500k then a LIKE-FOR-LIKE comparison (i.e. comparison of the same metric) implies that indeed valuations are up (10% up). You are merely GUESSING that the realised price will be lower than £1.6m (and I don\'t disagree). However, in order to have a more concrete datapoint for the actual decline in the ATAPI for Hirst Butterfly Paintings, we will have to wait for the auction to take place and see what someone is willing to pay. Before the auction you are merely speculating. To be fair, if the average estimate of the future sale is £550k and the estimate for the previous sale was £500k then a LIKE-FOR-LIKE comparison (i.e. comparison of the same metric) implies that indeed valuations are up (10% up).

You are merely GUESSING that the realised price will be lower than £1.6m (and I don\’t disagree).
However, in order to have a more concrete datapoint for the actual decline in the ATAPI for Hirst Butterfly Paintings, we will have to wait for the auction to take place and see what someone is willing to pay.

Before the auction you are merely speculating.

]]> By: Ben Lewis http://blogs.reuters.com/felix-salmon/2009/09/17/hirst-still-weak/comment-page-1/#comment-6928 Ben Lewis Fri, 18 Sep 2009 09:00:18 +0000 http://blogs.reuters.com/felix-salmon/2009/09/17/hirst-still-weak/#comment-6928 Oh if only economists like yourself had some kind of effect on the bullshit that the gallerists and auction houses talk about the market. Only yesterday, a former Sotheby's director told me the contemporary art market hadn't crashed. But prices are down 40%, I said. Yes, she said, but people are still selling art for a lot of money..... But, I protested, if the value of your home decreased by 40% in a year, you'd call that a crash wouldn't you.... Oh if only economists like yourself had some kind of effect on the bullshit that the gallerists and auction houses talk about the market. Only yesterday, a former Sotheby’s director told me the contemporary art market hadn’t crashed. But prices are down 40%, I said. Yes, she said, but people are still selling art for a lot of money….. But, I protested, if the value of your home decreased by 40% in a year, you’d call that a crash wouldn’t you….

]]> By: VennData http://blogs.reuters.com/felix-salmon/2009/09/17/hirst-still-weak/comment-page-1/#comment-6917 VennData Fri, 18 Sep 2009 00:10:38 +0000 http://blogs.reuters.com/felix-salmon/2009/09/17/hirst-still-weak/#comment-6917 Looks like Reyburn's been drinking the kool-Formaldehyde Looks like Reyburn’s been drinking the kool-Formaldehyde

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