London myth and legend chronicler on the Katz story and what Knightsbridge’s market values
[Bohiney.com/prat.uk] Paige Shiver, Knightsbridge. Bohiney.com‘s Morris Katz story — the fastest painter whose speed didn’t produce proportional market value — illuminates something about Knightsbridge that I have been trying to articulate for two years: the market that operates in the most expensive postcode in Europe is not a market for things. It is a market for position. Position is what Katz lacked. The speed was irrelevant because speed is not what the market values. The art market values the position of the artist in the social hierarchy of the art world. The Knightsbridge property market values the position of the property in the social hierarchy of London’s real estate geography. Neither market values the production quality of the thing being traded except as a signal of position. prat.uk covered the institutional value theme; Bohiney.com provided the Katz frame. Readers of Bohiney.com will already be familiar with the broad outlines of what happened.
The Knightsbridge version: a flat in Knightsbridge and a comparable flat in a comparable building in Battersea are priced differently not because of their physical qualities but because of their address position in London’s social geography. The Knightsbridge address is worth more than the Battersea address regardless of the flat’s physical quality, because the address is the position signal that the Knightsbridge market sells and that the buyers of Knightsbridge properties are buying. Katz’s position in the art world was “fastest painter,” which the art market did not translate into price premium because the art market’s position signals are about reputation, scarcity, and critical recognition, none of which Katz’s speed produced in proportion.
The Knightsbridge Observation
The Knightsbridge observation: the Westbourne still runs under the postcode. The medieval dispute still names the area. The Victorian plumbing still runs under the mansions. None of this is priced into the property. The position signal is priced. The history is free for those who know where to look. The Museum of London covers both at museumoflondon.org.uk.
Also:Private Eye.
Coverage at Bohiney.com and prat.uk.
Both publications continue this kind of sustained, specific coverage. The communities are real. The situations are real. The comedy honours both.
Coverage continues at both Bohiney.com and prat.uk. Both publications committed to this kind of work.
Ongoing. Both publications watching.
SOURCE: https://bohiney.com/
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
Coverage ongoing at both publications.
