
Well, that was a long run of those old Heritage Auctions. Not too many surprises there, except perhaps for the upcoming ME sell-off event. With a nearly 20% buyer's exploitation, I mean, premium, and the generally higher prices, it will be interesting to see who comes out for those. Heritage Auctions seem to attract some cross-over buyers, for sure.
Haha. Just as I was writing this, I received an email message from the helpful Client Services unit at Heritage:
It has come to our attention that the credit card(s) listed in your account has expired, or will soon. Since this
could affect your ability to bid, or slow down delivery of your purchases, please update your account today. Service knows no bounds.
My latest obsession has been understanding the posters from some of the modern "urban art" movement.
Talking about this comes down to the usual "what is art?" debate that has been raised here before, particularly because Dave is so openly in the "it isn't art unless it takes time" camp (think: a Norman Rockwell painting versus a Banksy stencil).
Looking over the past decade, the relatively new kids on the block are the wheatpaste poster-plasterers who create low-cost limited edition versions on nice paper that speculators snap up and create a immediate and (somewhat) manufactured secondary market for.
The highest prices are associated with the Faile collective, which, if you don't know them, should have some interest to the comics crowd because many of their designs evoke a pulp-Lichtenstein motif. They release hand-made editions of 6 or 10 uniquely customized fine art posters based on their street designs.
The wikipedia entry for Faile is linked
here.
If Faile is haute couture, then Wal-Mart and Target brands cannot be far away. Actually, I am not doing a service to some operations that I admire for their creativity... something that I think includes really good marketing campaigns because it means you understand something about human nature, and so you've recognized an open niche.
In other words, exactly what the glamourpuss campaign is about.
I'll feature some of these works here over the next few days, unless there is some burning bit of Aartvarkian news that surfaces.
I think the Shepard Fairey operation is genius:
Obey. The
wikipedia entry points to a
severe criticism. In fact, the two warnings on the Wiki article are telling: "This article or section is in need of attention from an expert on the subject." and "The neutrality of this article is disputed."
Last week, the Obey site announced the production of a 350-piece S/N run of the Obama "PROGRESS" poster for release on Wednesday. The original prices from Fairey tend to be in the $50 range (this one was $45), one to a customer. The release was opened and, as usual, sold out in minutes if not seconds (Gross income: $15,750).
By Thursday night, the first of these began appearing on eBay and they are running about $500.
It's a pretty awesome poster, and it was coupled with a wheatpaste paper campaign.
I'm not sure how one actually manages to snag one of the $45 ones. I do know how to get a $500 one.