Contemporary art sales at Christie’s and Sotheby’s have fallen 75 percent this year, a staggering, but not surprising drop following seasons of decline. But what of the market for illegal and ill-gotten goods? Read more »
Not surprisingly, the street art scavenger who swiped FAILE’s first prayer wheel in Williamsburg still hasn’t found a buyer. After whining weeks ago about people only making lowball offers, the anonymous seller, ifoundfaile, is still complaining that nobody is throwing cash at him for the unauthenticated FAILE sculpture of questionable value. Read more »
Although his first attempt to sell the FAILE prayer wheel was shut down, the street art scavenger who swiped the sculpture off North 6th Street in Williamsburg is still trying to sell the work for the thousands of dollars it’s allegedly worth. Unfortunately for him, there’s no guarantee the work is authentic, typically a requisite for buyers to drop serious loot on artwork. And with the possibility that FAILE would simply disown the piece if it ever went up for auction or official sale, one forum member suggests it’s not worth much, similar to the BANKSY paintings that failed to sell after the artist’s authentication agency refused to endorse them. Read more »
After disappearing off a Williamsburg street, the first FAILE prayer wheel has surfaced. Photos of the spinning sculpture were posted on a FAILE message board, with the claim that it was “found in a dumpster in Williamburg.” The anonymous street art scavenger with the piece asks about its value, suggesting he’ll auction it off, before claiming he’ll return the “found” art if FAILE asks him. Until then, he’s using it as an expensive “ashtray/nightstand.” |Gothamist|
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