Pitt 98 FS

pjl44

SHZA said:

pjl44 said:

SHZA said:

If you don't intend to resell and can't tell the difference once it's on the wall, seems pretty attractive to pay $1k instead of $2k. 

I disagree and feel like once you get into a certain stratosphere of price, the potential resale value is a big factor. I would much rather drop 2k and feel confident I could recoup it if I needed to vs. dropping 1k and worry about it being worth a fraction of that.

Resale is certainly a huge factor if you plan or want the option to resell it. But there are a lot of people who have been looking for these 98 prints for years and would never dream of selling unless things were truly dire. And there's no guarantee that the resale value of a non dry-mounted version won't plummet once the bubble bursts. There is clearly demand even in a dry-mounted state, so the worry about being able to recoup only a fraction of the purchase price is probably unfounded. 

I think you're massively understating what dry mounting a poster does to the perceived value amongst people who are willing to pay >$500 for a single print

Using your example, what do you suppose fine art collectors think about a Monet glued to a piece of foamboard?

RP112579

There's definitely a possibility that someone saw the price for the print and jumped on it without really reading the description, but more than likely a best offer was made and accepted, and it didn't sell for $1000.

SHZA

RP112579 said:

There's definitely a possibility that someone saw the price for the print and jumped on it without really reading the description, but more than likely a best offer was made and accepted, and it didn't sell for $1000.

It sold for $1,000 according to this email 

SHZA

pjl44 said:

SHZA said:

pjl44 said:

SHZA said:

If you don't intend to resell and can't tell the difference once it's on the wall, seems pretty attractive to pay $1k instead of $2k. 

I disagree and feel like once you get into a certain stratosphere of price, the potential resale value is a big factor. I would much rather drop 2k and feel confident I could recoup it if I needed to vs. dropping 1k and worry about it being worth a fraction of that.

Resale is certainly a huge factor if you plan or want the option to resell it. But there are a lot of people who have been looking for these 98 prints for years and would never dream of selling unless things were truly dire. And there's no guarantee that the resale value of a non dry-mounted version won't plummet once the bubble bursts. There is clearly demand even in a dry-mounted state, so the worry about being able to recoup only a fraction of the purchase price is probably unfounded. 

I think you're massively understating what dry mounting a poster does to the perceived value amongst people who are willing to pay >$500 for a single print

Using your example, what do you suppose fine art collectors think about a Monet glued to a piece of foamboard?

Again, I'm assuming the buyer doesn't care much about what it does to the "perceived value" amongst those people because there is no intention of ever selling. I'm not disputing your point that dry mounting is a deal-breaker to the vast majority of people. But even if 99.9% of potential buyers feel that way, you only need one who says "wow, that Pitt '98 show was my first Pearl Jam show -- I've regretted not picking one up for the last 21 years. I'd never pay $2k for one, but $1k seems like a good deal." It took less than a day for someone to snatch it up at that price, which seems pretty compelling evidence that you could re-sell it for that amount if you really needed to.  

I don't think the comparison to multi-million dollar works is an apt analogy. Totally different stratosphere and type of consumer. 

RP112579

SHZA said:

RP112579 said:

There's definitely a possibility that someone saw the price for the print and jumped on it without really reading the description, but more than likely a best offer was made and accepted, and it didn't sell for $1000.

It sold for $1,000 according to this email 

Ebay doesn't even tell you how much something sold for after a best offer, so an email from eBay won't either.

SHZA

RP112579 said:

SHZA said:

RP112579 said:

There's definitely a possibility that someone saw the price for the print and jumped on it without really reading the description, but more than likely a best offer was made and accepted, and it didn't sell for $1000.

It sold for $1,000 according to this email 

Ebay doesn't even tell you how much something sold for after a best offer, so an email from eBay won't either.

You're wrong. If you made an unaccepted offer, they send you an email with the sale price. Here's another recent example where an item was listed for $350 and I got an email saying it sold for $265. 

pjl44

SHZA said:

pjl44 said:

SHZA said:

pjl44 said:

SHZA said:

If you don't intend to resell and can't tell the difference once it's on the wall, seems pretty attractive to pay $1k instead of $2k. 

I disagree and feel like once you get into a certain stratosphere of price, the potential resale value is a big factor. I would much rather drop 2k and feel confident I could recoup it if I needed to vs. dropping 1k and worry about it being worth a fraction of that.

Resale is certainly a huge factor if you plan or want the option to resell it. But there are a lot of people who have been looking for these 98 prints for years and would never dream of selling unless things were truly dire. And there's no guarantee that the resale value of a non dry-mounted version won't plummet once the bubble bursts. There is clearly demand even in a dry-mounted state, so the worry about being able to recoup only a fraction of the purchase price is probably unfounded. 

I think you're massively understating what dry mounting a poster does to the perceived value amongst people who are willing to pay >$500 for a single print

Using your example, what do you suppose fine art collectors think about a Monet glued to a piece of foamboard?

Again, I'm assuming the buyer doesn't care much about what it does to the "perceived value" amongst those people because there is no intention of ever selling. I'm not disputing your point that dry mounting is a deal-breaker to the vast majority of people. But even if 99.9% of potential buyers feel that way, you only need one who says "wow, that Pitt '98 show was my first Pearl Jam show -- I've regretted not picking one up for the last 21 years. I'd never pay $2k for one, but $1k seems like a good deal." It took less than a day for someone to snatch it up at that price, which seems pretty compelling evidence that you could re-sell it for that amount if you really needed to.  

I don't think the comparison to multi-million dollar works is an apt analogy. Totally different stratosphere and type of consumer. 

Some people eat tide pods, too. And one sale is not compelling evidence of anything. Both of my eyebrows are now raised on this whole affair. 

SHZA

pjl44 said:

SHZA said:

pjl44 said:

SHZA said:

pjl44 said:

SHZA said:

If you don't intend to resell and can't tell the difference once it's on the wall, seems pretty attractive to pay $1k instead of $2k. 

I disagree and feel like once you get into a certain stratosphere of price, the potential resale value is a big factor. I would much rather drop 2k and feel confident I could recoup it if I needed to vs. dropping 1k and worry about it being worth a fraction of that.

Resale is certainly a huge factor if you plan or want the option to resell it. But there are a lot of people who have been looking for these 98 prints for years and would never dream of selling unless things were truly dire. And there's no guarantee that the resale value of a non dry-mounted version won't plummet once the bubble bursts. There is clearly demand even in a dry-mounted state, so the worry about being able to recoup only a fraction of the purchase price is probably unfounded. 

I think you're massively understating what dry mounting a poster does to the perceived value amongst people who are willing to pay >$500 for a single print

Using your example, what do you suppose fine art collectors think about a Monet glued to a piece of foamboard?

Again, I'm assuming the buyer doesn't care much about what it does to the "perceived value" amongst those people because there is no intention of ever selling. I'm not disputing your point that dry mounting is a deal-breaker to the vast majority of people. But even if 99.9% of potential buyers feel that way, you only need one who says "wow, that Pitt '98 show was my first Pearl Jam show -- I've regretted not picking one up for the last 21 years. I'd never pay $2k for one, but $1k seems like a good deal." It took less than a day for someone to snatch it up at that price, which seems pretty compelling evidence that you could re-sell it for that amount if you really needed to.  

I don't think the comparison to multi-million dollar works is an apt analogy. Totally different stratosphere and type of consumer. 

Some people eat tide pods, too. And one sale is not compelling evidence of anything. Both of my eyebrows are now raised on this whole affair. 

People eat tide pods, so what? That's part of the calculus. You can probably find a tide-pod eater to buy it if you're ever in a pinch.

SHZA

RP112579 said:

SHZA said:

RP112579 said:

There's definitely a possibility that someone saw the price for the print and jumped on it without really reading the description, but more than likely a best offer was made and accepted, and it didn't sell for $1000.

It sold for $1,000 according to this email 

Ebay doesn't even tell you how much something sold for after a best offer, so an email from eBay won't either.

Also on the desktop site (not the app) in the sold items search results there will be a line through the asking price and "best offer accepted" if that's what occurred. This item doesn't have that. 

LukinAtU

curious if this can be restored. that would likely be time consuming & expensive process.

hepcatpunk

It sold for $1,000.  Watchcount.com is your friend if you want to know what best offers were accepted.
Congrats to seller, but no way in hell I'd ever buy a dry mounted poster....it's sacrilege and should be a crime for any framer who tries to sell folks on its benefits.  Phooey!

RP112579

hepcatpunk said:

It sold for $1,000.  Watchcount.com is your friend if you want to know what best offers were accepted.
Congrats to seller, but no way in hell I'd ever buy a dry mounted poster....it's sacrilege and should be a crime for any framer who tries to sell folks on its benefits.  Phooey!

I'm familiar with watchcount. That site has not shown the actual best offer sale prices since early June. I know there are other sites out there like watchcount, and from what I've heard, they have not shown best offer sale prices since then, either.

BF89905

pjl44 said:

SHZA said:

If you don't intend to resell and can't tell the difference once it's on the wall, seems pretty attractive to pay $1k instead of $2k. 

I disagree and feel like once you get into a certain stratosphere of price, the potential resale value is a big factor. I would much rather drop 2k and feel confident I could recoup it if I needed to vs. dropping 1k and worry about it being worth a fraction of that.

Concert posters, although artistically great in their own rite, are far from fine art. Being concerned with recouping the value of what you paid for a concert poster, and/or being concerned with a concert poster's resell value likely means you're not totally invested in the art of the poster.  Additionally, making money of an artist's work is slimy.

pjl44

BF89905 said:

pjl44 said:

SHZA said:

If you don't intend to resell and can't tell the difference once it's on the wall, seems pretty attractive to pay $1k instead of $2k. 

I disagree and feel like once you get into a certain stratosphere of price, the potential resale value is a big factor. I would much rather drop 2k and feel confident I could recoup it if I needed to vs. dropping 1k and worry about it being worth a fraction of that.

Concert posters, although artistically great in their own rite, are far from fine art. Being concerned with recouping the value of what you paid for a concert poster, and/or being concerned with a concert poster's resell value likely means you're not totally invested in the art of the poster.  Additionally, making money of an artist's work is slimy. 

andrew68

A 98 Pitt on my wall for $1k....replaces one I sold for $2,200.00...for me it’s a no brainer ...perhaps ‘not for you’ ?  
If it’s going on my wall I could care less if drymounted...having said that I’ve had prints restored that were drymounted that turned out phenomenal 
There’s always more to the story but 
I do love the sharing of personal opinions 

Goldie

ps ... happy to take your drymounted and damaged prints off your hands 

tempo_n_groove

andrew68 said:

A 98 Pitt on my wall for $1k....replaces one I sold for $2,200.00...for me it’s a no brainer ...perhaps ‘not for you’ ?  
If it’s going on my wall I could care less if drymounted...having said that I’ve had prints restored that were drymounted that turned out phenomenal 
There’s always more to the story but 
I do love the sharing of personal opinions 

Goldie

ps ... happy to take your drymounted and damaged prints off your hands 

You also have money to burn, we know this so you aren't a very good example, lol.

pearljim

andrew68 said:

A 98 Pitt on my wall for $1k....replaces one I sold for $2,200.00...for me it’s a no brainer ...perhaps ‘not for you’ ?  
If it’s going on my wall I could care less if drymounted...having said that I’ve had prints restored that were drymounted that turned out phenomenal 
There’s always more to the story but 
I do love the sharing of personal opinions 

Goldie

ps ... happy to take your drymounted and damaged prints off your hands 

Exactly. If you want it and don’t plan on reselling what does it matter. I have a poster that was laminated. Put it in a frame and it looks beautiful. Never going to get rid of it.