badersleg
Member of DD Central
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Likes: 86
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Post by badersleg on Aug 2, 2017 10:22:53 GMT
16% is quite tempting but I've decided against going the whole hog. I think this little piggy will go to the secondary market in 4.5 months time for a decent (and tax free) return. Anything non-property has been fairly easy to sell recently. Tim 16%?? There's a 4% bonus for holding it to term. Tim
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Aug 2, 2017 10:26:24 GMT
There's a 4% bonus for holding it to term. Tim Wow. So you're in the six figure club.........impressed 
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badersleg
Member of DD Central
Posts: 207
Likes: 86
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Post by badersleg on Aug 2, 2017 10:35:46 GMT
There's a 4% bonus for holding it to term. Tim Wow. So you're in the six figure club.........impressed Not me. It was just an excuse to use a rather poor pun. I don't have that kind of cash, but if I did I wouldn't risk it on a *painting that has a history that may put off potential art buyers. Tim *pastel
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ding
Member of DD Central
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Post by ding on Aug 2, 2017 10:43:17 GMT
I mentioned this on the Chagall painting (from same VR company): "Cxxxx Art Advisory gives no guarantee in the valuation in respect of the object's origin, provenance, attribution, condition, date, age or authenticity..."
This VR has no such caveats and is very clear on what it's worth.
Should this turn out to be wrong I wonder how this would be readdressed.
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debaura
Member of DD Central
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Post by debaura on Aug 2, 2017 11:21:45 GMT
Someone has put £100k on it. I hope they don't retrospectively pop back and read this thread!  |
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rookey123
Member of DD Central
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Post by rookey123 on Aug 2, 2017 11:33:38 GMT
Thanks for the DD, I have removed my bid.
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debaura
Member of DD Central
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Post by debaura on Aug 2, 2017 11:39:44 GMT
Thanks for the DD, I have removed my bid. How can you remove your bid? I thought is was final?
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lobster
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Post by lobster on Aug 2, 2017 11:50:49 GMT
Thanks for the DD, I have removed my bid. How can you remove your bid? I thought is was final? If the loan hasn't yet been activated, you can phone up and ask. At least that's what I did once. I don't think FS are under any obligation to cancel your bid, but if you ask nicely they may do it for you.
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lobster
Member of DD Central
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Post by lobster on Aug 2, 2017 11:55:18 GMT
Someone has put £100k on it. I hope they don't retrospectively pop back and read this thread! Well he/she is bagging a 16% return for six months which comes to a cool £8,000 .......... just so long as the painting wasn't composed by a 6 year old during a tantrum , because that's what it looks like 
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jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,808
Likes: 3,242
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Post by jonno on Aug 2, 2017 11:57:47 GMT
Someone has put £100k on it. I hope they don't retrospectively pop back and read this thread! Well he/she is bagging a 16% return for six months which comes to a cool £8,000 .......... just so long as the painting wasn't composed by a 6 year old during a tantrum , because that's what it looks like What, a 6 year old chimp? 
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debaura
Member of DD Central
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Post by debaura on Aug 2, 2017 12:23:33 GMT
Someone has put £100k on it. I hope they don't retrospectively pop back and read this thread! Well he/she is bagging a 16% return for six months which comes to a cool £8,000 .......... just so long as the painting wasn't composed by a 6 year old during a tantrum , because that's what it looks like LOL I am a great admirer of Bacon and have seen alot of his work. But this 'sketch' just looks a bit weird to me.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
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Post by ozboy on Aug 2, 2017 12:27:28 GMT
How can you remove your bid? I thought is was final? If the loan hasn't yet been activated, you can phone up and ask. At least that's what I did once. I don't think FS are under any obligation to cancel your bid, but if you ask nicely they may do it for you. And there, Lobster, you've opened up a whole can of worms! 
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Post by badboyyardy on Aug 2, 2017 14:43:24 GMT
They say beauty is in the eye of the beholder. Wow anyone paying 6 figures for that seriously has too much $$$
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greatmarko
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Post by greatmarko on Aug 2, 2017 14:54:21 GMT
FS have now posted an update on the loan to "address" the concerns raised here...
"We have received a number of questions concerning media reports that the authenticity of some of Francis Bacon’s pieces are disputed. We have spoken with the valuer on this subject who has pointed out the following:
1. This piece was never part of the disputed collection
2. This piece is a pastel whereas the disputed pieces have all been prints.
3. This piece was part of a wider collection, parts of which were subsequently sold to T** T*** G******
4. The piece was never exhibited at T** H****** G****** and should therefore not be associated with the article in the Daily Telegraph. The valuer apologises for this error in the valuation report.
5. In the valuer’s opinion, this piece is completely genuine, the signature being “spot on”."
...is anyone reassured by this?
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Kyrios
Member of DD Central
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Post by Kyrios on Aug 2, 2017 15:27:02 GMT
FS have now posted an update on the loan to "address" the concerns raised here... " We have received a number of questions concerning media reports that the authenticity of some of Francis Bacon’s pieces are disputed. We have spoken with the valuer on this subject who has pointed out the following:
1. This piece was never part of the disputed collection
2. This piece is a pastel whereas the disputed pieces have all been prints.
3. This piece was part of a wider collection, parts of which were subsequently sold to T** T*** G******
4. The piece was never exhibited at T** H****** G****** and should therefore not be associated with the article in the Daily Telegraph. The valuer apologises for this error in the valuation report.
5. In the valuer’s opinion, this piece is completely genuine, the signature being “spot on”." ...is anyone reassured by this? Without #4, I would have been to a certain extent. Now, when you look at the valuation report, it's extremely light and it appears that the only comment backing up the valuation is linked to that gallery. So, to answer your question, no. On a side note, I would strongly advise FS to change valuer, because to make a mistake on such a short document is simply ridiculous.
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