Connect with us

Business

Artist Mire Lee on her visceral Tate Modern Turbine Hall commission

Published

on

“I always make things that aren’t really working,” Mire Lee tells me over coffee. The Korean artist is not just being humble. Her eerie, mechanical sculptures twitch as if they’re about to malfunction; in the past she was often concerned they would actually break down on display. “I had a lot of anxieties around making kinetic works because they’re supposed to do one thing and then they start doing another, but then gradually I understood this makes the work much nicer.”

Indeed, it’s this fragility that makes Lee’s visceral creations so thrilling. Resembling leaking intestines or putrid flesh, they uncannily capture the abjectness of bodies and the messiness of being alive. And now they unleash their unnerving energy across Tate Modern’s former power station. For the London gallery’s Turbine Hall commission, the artist has created a sprawling new installation titled “Open Wound” that draws heavily on the building’s industrial past.

Reimagining the cavernous space as a kind of factory, Lee has installed a massive, seven-metre-long motorised turbine that pumps viscous liquid across dangling silicone tubes. The liquid pools underneath in a large tray, where fabric sculptures absorb it, forming what she calls “skins”. These are dried on racks by technicians and then suspended from the ceiling on chains. As the installation develops, the space will gradually be filled by these spectral figures.

A detail from a sculpture shows a metal turbine with viscera-like tubes winding around it
Installation view of Mire Lee’s Turbine Hall commission ‘Open Wound’ © Oliver Cowling with Lucy Green

We meet in Berlin, where the Amsterdam- and Seoul-based artist is spending time before going to London to install the new work, which opens on October 9. When Lee was first approached for the project, she says she began with “some simple ideas for a turbine-like structure that’s a bit like a heart or a womb . . . I always start with something very simple because I meet cultural producers, collaborators, curators and it’s easy for them to chip in because it’s not formed.”

Once formed, however, Lee’s carnal installations are anything but simple. Man-made materials often stand in for the organic: PVC tubes mimic innards, cement mixers gape like mouths, car oil oozes like blood or excrement. Merging bodies, art and machinery, these haunting spectacles simultaneously repulse and enthral.

Advertisement

Despite the morbid undertones of her art, Lee speaks about her work with frankness and humour. She describes her process as “very sloppy”, but this raw approach is what has propelled her into the spotlight in recent years. At 36, she is the youngest artist to be selected for the Turbine Hall show, an annual commission that has typically gone to more established names (past recipients include Anish Kapoor, El Anatsui and Ai Weiwei).

But Lee has already stunned audiences across the world with her grotesque, unsettling installations. At a 2020 exhibition at Seoul’s Art Sonje Center she presented “Carriers”, suspended networks of tubes that resembled entrails and noisily ejaculated liquid glycerine. Since then her fame has grown with solo shows at Frankfurt’s MMK and New York’s New Museum, as well as presentations at the Busan Biennale and Pittsburgh’s Carnegie International. However the artist truly made waves at the 2022 Venice Biennale with “Endless House: Holes and Drips”, a scaffolding draped with carcass-like ceramics, sprayed by a pump with blood-red glaze. This gory drama stirred conflicting emotions, from desire and pity to grief and disgust.

For Lee, these reactions tie directly to our relationship with the body and awareness of our own mortality. “Disgust is a very strong negative feeling that you can never get from things that are unrelated to you. You would only be disgusted by something that affects you strongly, which means it’s kind of a part of you,” she says. “The body is similar. It’s something that you take care of and cherish, but inevitably it decays and deforms — it’s a site of horror. Not in a grotesque way, but in an existential, fundamental way of something that changes.”

Born in Seoul in 1988, Lee originally aspired to be a filmmaker, drawn to violent, macabre cinema: “David Cronenberg, Quentin Tarantino, a lot of mafia and Japanese horror films.” Instead, she studied sculpture at Seoul National University, before moving to the Netherlands in 2018. A ceramics residency in Oisterwijk sparked a shift to using clay, a material the artist also describes in corporeal terms: “It’s a very bodily experience to work with clay. It sticks to your hands, and you have to be very submissive to the materiality of it,” she says.

Advertisement
Metal chains support a metal turbine, around which are wound tubes
Recalling an industrial production line . . .  © Oliver Cowling with Lucy Green
A sheet of skin-like fabric is stretched from all four corners
 . . . ‘Open Wound’ considers the physical and emotional toll of our progress-obsessed world © Oliver Cowling with Lucy Green

But the artist was continuously searching for a way to inject unpredictability into her work: “I wanted to make something raw and wild.” For this, she turned to the chaos of using liquids and machinery such as motors or peristaltic pumps. “Liquids are basically uncontrollable and are always so difficult to deal with,” she says. “With machinery, it’s the same story . . . I got a bit addicted to the results they gave me.”

It’s these results — random moments of discharge, orchestrated sounds, jolting movements — that make Lee’s works so suggestive of unruly bodies. But the artist goes even further, harnessing the visceral qualities of these materials to plumb emotional depths and evoke psychological tensions. At her exhibition at the New Museum last year, titled Black Sun after philosopher Julia Kristeva’s 1987 book on depression, she created a melancholic environment reminiscent of an abattoir. Bulging sculptures hung like meat alongside hole-riddled textiles coated in wet slick-cast clay. A steam machine kept the air heavy and humid.

In these intense panoramas, bodily interiors become metaphors for trauma and dark fantasies. They recall the psychologically charged sculptures of one of her major influences, Louise Bourgeois (another former Turbine Hall commission recipient). She also cites the unflinching photographs of Nan Goldin as a source of inspiration. “I have a soft spot for artists who are exposed, who are out there naked and without armour, who take risks,” she says.

Bulbous bags and tubes resembling human organs and intestines are suspended from a gallery ceiling and attached to an electric pump on the floor
Mire Lee’s ‘Black Sun’ at the New Museum, New York, 2023 © Dario Lasagni

Now, the artist’s own risk-taking practice has been brought to an epic scale. As “Open Wound”’s title suggests, this new work is also concerned with exploring bodily and psychological trauma. Recalling an industrial production line, it considers the physical and emotional toll of our progress-obsessed world — “I’m interested in nostalgia and stupidity around technology . . . failures from the past but also the dreams we have now with AI” — while also meditating on wider themes of decay, renewal, care and human connection.

The artist herself is sceptical of the way that critics have framed horror as the dominant reaction to her work: “I don’t really think horror is the main thing people feel. I think people feel proximity. Bodies and deformity are things we feel immediately close to.”

This sense of intimacy is exactly what Lee wants to evoke in “Open Wound”. “I wrote in my first proposal that I wanted the work to carry a certain sense of warmth — I never really intend to make my works horrifying,” she says with a laugh. “It’s not as uncomfortable compared to the things that make you really uncomfortable.”

Advertisement

October 9 to March 16, tate.org.uk

Source link

Continue Reading
Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Money

Customers are furious with popular supermarket beauty brand after it SHRINKS bottles – but kept the price the same

Published

on

Customers are furious with popular supermarket beauty brand after it SHRINKS bottles - but kept the price the same

HERBAL Essences customers are in a lather after the haircare firm shrunk its conditioners by almost a THIRD.

Its Dazzling Shine, Hello Hydration, Daily Detox and Ignite My Colour hair moisturisers have gone from 400ml to 275ml in recent months, but remain at around £2.

Shoppers are fuming after noticing Herbal Essences shampoo has reduced in sized

1

Shoppers are fuming after noticing Herbal Essences shampoo has reduced in sized

The product is now sold in tubes rather than bottles after the 31% reduction, leaving customers confused and angry about the change.

Advertisement

One, Brian Brennan, fumed on the review site Trustpilot this week: “My wife has always used the shampoo and conditioner, the prices were very good. 

“The shampoo and conditioner were in 400ml bottles. Now they put the conditioner in a 275ml tube container and charge the same price for 125ml less.”

Another added on X: “Why are you no longer selling 400ml bottles of conditioner? Now I can only find 275ml tubes, which means I’ll need to replace them more often – and they’re not that much cheaper!”

A third added: “Just been comparing the old and new Herbal Essences conditioner bottles, and the old one has 400ml, almost half a litre, whereas the new squeezy bottle only has 275ml. 

Advertisement

“That’s more than a quarter of your conditioner being stolen from right under your nose!”

Its equivalent shampoo range continues to be sold in 400ml bottles.

Shrinkflation is when products shrink in size but remain at the same price, meaning shoppers pay the same for less.

It’s a tactic often used by companies to avoid hiking prices, as a change if size is less noticeable.

Advertisement

Susannah Streeter, of investment firm Hargreaves Lansdown, said Herbal Essences’ owner Procter and Gamble (P&G) had been increasing prices month on month, which has put off price-conscious shoppers.

Cadbury apologises over ‘huge’ change to chocolate bar

She added: “Attempts to limit the effect of price hikes through promotions and discounts have not been enough to win back loyalty.

“P&G has also been affected by weaker spending in China, even for essential items and it’s also been hit by boycotts of Western brands in the Middle East. 

“So, the company is looking at other ways to keep costs lower and keep its profits ticking up.

Advertisement

“It appears shrinking sizes on some products, rather than hiking prices, is part of the strategy.” 

Procter and Gamble did not comment.

Yesterday The Sun revealed how Cadbury’s family treat bags of chocolates have shrunk down in size.

New packs appearing in recent months have seen the Crunchie axed from the selection, as well as the size reduced from 216g to 207g.

Advertisement

It is the latest chocolatey snack made by the manufacturer to shrink in size.

Cadbury‘s Brunch bar multipacks have also reportedly been reduced in size by a major 12.5%.

Traditionally shoppers were able to bag up a pack of five bars which in total weighed over 160g – or 32g per lunchtime treat.

But now the entire box weighs a whole 20g less with the bars now sitting at 28g each, an investigation by The Grocer has revealed.

Advertisement

The size reduction applies to all the flavours including their raisin, peanut, choc chip and Bournville choc chip choices.

Elsewhere, shoppers have been feeling the crunch after it was revealed that two of Kellog’s four different cereal pack sizes have gone down in weight by 50g.

A box of 720g Kellogg’s Corn Flakes boxes is now 670g and 500g boxes are down to 450g.

But the smaller 670g boxes are being sold at £3.20 in Tesco – the same price as for the larger box when it was sold in May.

Advertisement

Meanwhile, its 450g boxes are £2.19, while the previous 500g boxes were only pennies more at £2.25.

A Kellogg’s spokesman previously told The Sun: “Kellogg’s Corn Flakes are available in four different box sizes to suit different shopper preferences and needs. 

“As the cost of ingredients and production processes increase, it costs us more to make our products than it used to.

“This can impact the recommended retail price. It’s the grocer’s absolute discretion and decision what price to charge shoppers.”

Advertisement

Jars of Dolmio sauce reduced in size but remain the same price

THE latest example of shrinkflation sweeping across the UK has seen family favourite pasta sauce brand Dolmio adjust their packaging.

Their 750g jars are now 675g while 500g jars have been trimmed to 450g.

But despite the ten per cent decrease, the price has stayed put at £3 and £2.50 in supermarkets.

It has left customers unhappy at maker Mars, which advertises it on TV with the slogan, “When’sa your Dolmio day?”.

Advertisement

One fan told The Sun: “It’s a family jar but now it’s smaller, so I’ve had to reduce the portions on every plate at the table.

“It’s really disappointing that companies try to hide this from their customers by making sneaky packaging changes instead of just being honest.

“In two months the price will go up again and it’s even worse of a deal.”

A Mars spokeswoman confirmed the changes, telling The Sun: “Like everyone, we’ve experienced significant cost increases across our raw materials and operations, something that we are continuing to see.

Advertisement

“We have been absorbing these rising costs for some time, but the growing pressures we are facing means we needed to take further action.

“While it has been a difficult decision to decrease the weight of our jars, our priority is continuing to provide our great products, without compromising on quality or taste.”

Source link

Advertisement
Continue Reading

Travel

I was slapped with £75 Ryanair charge because i’m a granny while younger & hotter passengers were let off fee-free

Published

on

Maxine Haughain was stopped as she waited to board her flight to Spain

A GRANDMA has been left fuming after she was charged £75 for her oversized suitcase but ‘younger and good looking’ passengers were let off.

Maxine Haughian, 63, was stopped in the queue for her flight to Alicante by Ryanair staff at Leeds Bradford Airport.

Maxine Haughain was stopped as she waited to board her flight to Spain

3

Maxine Haughain was stopped as she waited to board her flight to SpainCredit: Kennedy News

The mum-of-two claims her luggage fit inside the guidance rack but “stuck out very slightly” by 2cm on one side.

Advertisement

She was told that her suitcase was too big and she’d need to pay to place the luggage into the hold.

However, Maxine, a retired prison governor, noticed other passengers in the queue being let off for oversized bags.

She described one woman as “young and gorgeous” and even took a sneaky snap of her being let off.

Taking to Facebook, Maxine said she was “disgusted” with Ryanair.

Advertisement

“I’ve just been held up for 20 minutes because they said my cabin bag was too big and I must pay an EXTRA £75 for it to go in hold,” she wrote.

“It’s funny (not funny) how other bags that are exactly the same were allowed through without comment.

“It’s a good job I took the photo of this (gorgeous) girl pushing her case into the box and being allowed through.

“I’m obviously not young or good looking enough!” she fumed.

Advertisement

Maxine, who was travelling with her husband Jim, continued: “Eventually (using photographic evidence) I was allowed through. I’m stressed to high-hell and hope I can calm down and get into holiday mode before we land.”

‘Christmas cancelled’ declares Ryanair boss as Dublin Airport passenger cap row rumbles

Despite being pleased that she was let off, Maxine told Oxford Mail: “It was almost like letting me go justified what I was saying. I think it’s definitely a money-making exercise.

“I’m a bit older, perhaps he thought I would be compliant. A lot of people just paid the money.”

She added: “Several people had suitcases that looked exactly the same as mine and they were putting them in the rack and it was sticking out a bit, but they were allowed to go through. It was the inconsistency of it all.

Advertisement

The Sun has contacted Ryanair for comment.

Her hand luggage didn't quite fit inside the size checker

3

Her hand luggage didn’t quite fit inside the size checkerCredit: Kennedy News
A younger woman, who had the same size bag wasn't charged

3

A younger woman, who had the same size bag wasn’t chargedCredit: Kennedy News

Source link

Advertisement
Continue Reading

Business

TikTok sued for ‘wreaking havoc’ on teen mental health

Published

on

TikTok sued for 'wreaking havoc' on teen mental health
Getty Images A 12-year-old boy looks at a iPhone screen on January 26, 2024 Getty Images

More than a dozen states in the US have sued TikTok, accusing the social media platform of helping to drive a mental health crisis among teenagers.

A bipartisan group of 14 attorneys general from across the country allege that the company uses addictive features to hook children to the app and that it has intentionally misled the public about the safety of prolonged use.

TikTok did not immediately respond to a request for comment. It adds to the legal woes facing the wildly popular app, which more than half of US teenagers are estimated to use multiple times a day.

TikTok is already battling a law passed by Congress in April that would ban it from the US, unless Chinese parent company Bytedance agreed to a sale.

“TikTok knows that compulsive use of and other harmful effects of its platform are wreaking havoc on the mental health of millions of American children and teenagers,” said the lawsuit filed in New York on Tuesday.

Advertisement

“Despite such documented knowledge, TikTok continually misrepresents its platform as ‘safe’ [and] ‘appropriate for children and teenagers’.”

New York Attorney General Letitia James said young people across the country had died or been injured doing TikTok “challenges” and many others were feeling “more sad, anxious and depressed because of TikTok’s addictive features”.

She cited a 15-year-old boy, who died in Manhattan while “subway surfing” – riding on top of a moving subway car. His mother later found TikTok videos of such activity on his phone, she said.

“TikTok claims that their platform is safe for young people, but that is far from true,” Ms James said in a statement announcing the action.

Advertisement

The lawsuit singles out certain features as problematic: alerts that disrupt sleep; videos that vanish, driving users to check the platform frequently; and beauty filters that allow users to augment their appearance.

Though TikTok has promoted tools aimed at helping people limit their screen-time or resetting what content they are served, it has misrepresented their effectiveness, according to the lawsuit.

The lawsuits were filed by 13 states separately and in the District of Columbia, where the attorney general also accused the company of running an unlicensed money transmission business via its “virtual currency” offering.

The lawsuit asks the court to bar TikTok from such conduct and seeks financial penalties.

Advertisement

Regulators have launched similar cases against Facebook and Instagram for their impact on young people’s mental health.

States such as Texas and Utah have also previously filed similar suits against TikTok focused on child safety.

The Federal Trade Commission, a national watchdog, also accused TikTok of violating child privacy laws in August.

Source link

Advertisement
Continue Reading

Money

FOS and FCA should work together on simplified advice

Published

on

FOS and FCA should work together on simplified advice

Simplified advice can only be achieved if the Financial Ombudsman Service (FOS) and the Financial Conduct Authority (FCA) work together, according to an industry expert.

Ian McKenna, founder of Financial Technology Research Centre, made the statement today (8 October) at Money Marketing Interactive in London.

The FCA announced proposals to launch a simplified advice model last December to make it easier for firms to provide affordable personal recommendations to those with simpler needs and smaller sums to invest.

McKenna, who was part of a panel discussing the future of advice, said for simplified advice to work, the Ombudsman needs to be part of the process.

Advertisement

However, he queried whether the regulator would be willing to make that decision.

He said: “The reality for simplified advice is the regulator would never bring the Ombudsman along. The argument was always do less, charge more or charge less, but still have the same responsibility at the end.

“This why I’m saying, and you could argue with my response, we don’t need the movement of the [advice/guidance] boundary.”

McKenna added that attempts were made in the past to address the issue of advice gap without much success.

Advertisement

“There’s no example of that happening in the past 20-30 years. Why would it be different now? What worries me is a huge amount of effort will be expended on something that just isn’t economically viable,” he said.

McKenna said the sector needs to tread with caution on the advice/guidance boundary review to avoid the equivalent of PPI in the long-term savings market.

“I think if we just remove the boundary, that’s what we will end up with and that will be devastating to people for long-term confidence.”

Tom Selby, director of policy at AJ Bell, said the advice/guidance boundary review is a test for the Consumer Duty and an opportunity for the regulator to assess how the financial services sector is abiding by the core terms of it.

Advertisement

He said the regulator now has access to huge amounts of data on firms to hold them accountable on their Consumer Duty commitments.

“It’s on them to make sure that firms do ultimately understand their shareholders.

“When they look at the cost benefit analysis of ‘am I going to throw people into an inappropriate product or am I going to follow the Consumer Duty?’

“Besides, if I don’t follow the Consumer Duty, I’m going to end up with a huge fine and a bad reputation.”

Advertisement

Source link

Continue Reading

Business

Kamala Harris’s worldview comes into frame

Published

on

This is an on-site version of the US Election Countdown newsletter. You can read the previous edition here. Sign up for free here to get it on Tuesdays and Thursdays. Email us at electioncountdown@ft.com

Good morning and welcome to US Election Countdown! Today let’s dig into:

If Kamala Harris wins the White House, she will enter the Oval Office with one of the least articulated foreign policy visions of any incoming president in modern US history.

But a sketch of her philosophy has started to appear [free to read]. The vice-president is a “realist” or “pragmatist”, according to people familiar with her thinking, though she doesn’t like being pigeonholed.

Advertisement

As tensions in the Middle East escalate, Donald Trump has claimed that Harris would be unprepared to lead the country. Her allies, however, are excited about Harris’s potential to bring in the perspective of a younger generation.

“I don’t think there’s any president that implements the prior president’s foreign policy wholesale,” Democratic senator Chris Murphy told the FT’s Alec Russell and Felicia Schwartz. “It’s likely she has departures from [Joe] Biden’s foreign policy in the Middle East.”

Yesterday, on the first anniversary of Hamas’s October 7 attack, Harris reiterated her staunch support for Israel and its right to defend itself, as she did following Iran’s ballistic missile strike on the country last week. But her remarks on the scale of civilian deaths in Gaza have led to speculation that she could be tougher on Israel than Biden.

It’s considered unlikely that Harris would do something such as withhold loan guarantees to Israel, as the then president George HW Bush did in 1991. But one lawmaker said she could turn up the pressure on Israeli Prime Minister Benjamin Netanyahu or consider sanctioning some of his far-right cabinet members.

Advertisement

If there is a ceasefire in Gaza, Harris’s advisers have suggested she might push to restart talks on a two-state solution — something the Biden administration had largely given up on.

There would be one key continuation of Biden’s worldview, though, according to lawmakers who have worked with Harris: she sees the Israeli-Palestinian conflict as part of a larger regional puzzle that encompasses Arab states — especially Saudi Arabia. “It’s not a two-state solution, it’s a 23-state solution,” said Democratic US senator Chris Coons.

Campaign clips: the latest election headlines

Behind the scenes

Donald Trump with Howard Lutnick, co-chair of the Republican presidential candidate’s transition team, in New York last month
Donald Trump, left, with Howard Lutnick, co-chair of the Republican presidential candidate’s transition team © AFP via Getty Images

As co-chair of Trump’s transition team, billionaire investor and Republican megadonor Howard Lutnick has put potential administration officials on notice, saying appointees must prove their “loyalty”.

Lutnick, who is the chief executive of investment company Cantor Fitzgerald, is one of two people in charge of finding candidates to fill the roles in a second Trump administration, including key posts such as defence and Treasury secretaries. He is also drafting policy.

The investor told the FT’s Alex Rogers of any future hires:

Advertisement

They’re all going to be on the same side, and they’re all going to understand the policies, and we’re going to give people the role based on their capacity — and their fidelity and loyalty to the policy, as well as to the man.

Trump’s first term was plagued by infighting and staff turnover, including senior advisers who quit and in some cases spoke out against their former boss, but Lutnick said “those people were not pure to his vision”.

Lutnick compared his transition job with overseeing Cantor Fitzgerald’s hiring spree in the aftermath of the September 11 2001 terrorist attacks, which killed 658 Cantor Fitzgerald employees.

The billionaire, who has raised $75mn for the campaign, including more than $10mn to elect Trump and $500,000 for the transition effort, also called the Heritage Foundation’s Project 2025 “radioactive”. Harris has made the radical conservative agenda a central part of her attacks against Trump.

Datapoint

Map showing cumulative rainfall along the path of Hurricane Helene between September 26 and 28

Getting swing state voters to turn out on election day is a top priority for both the Harris and Trump campaigns. The issue has come into sharp focus in North Carolina, as it reels from Hurricane Helene. In 2020, Trump took the state by fewer than 75,000 votes.

Voting patterns and turnout in the western part of the state are in question following the devastation wrought in more than two dozen counties. “Communities were wiped off the map,” North Carolina governor Roy Cooper said last week.

Advertisement

Voter relocation, as well as broader perceptions of recovery efforts, could factor into ballot choices — or whether some North Carolina residents vote at all.

Late last month, Biden declared a federal disaster in 25 North Carolina counties. In 2020, Trump won 23 of these counties, suggesting that Republican turnout could take a hit in November. On the other hand, Harris risks being lumped into anger over the Biden administration’s response, especially as misinformation swirls — at times fanned by Trump himself. 

The state received 43,448 requests for absentee ballots from those 25 counties, and only 2,023 have been returned, according to yesterday’s tally from the state board of elections — with so much destruction, it’s possible many of those ballots won’t get filled out.

Plus, the deadline to register to vote in the state is coming up this Friday, though in-person registration is still possible during the early voting period that runs from October 17 to November 2.

Advertisement

Trump is leading Harris in North Carolina by 1.3 percentage points, according to the FT’s poll tracker.

Viewpoints

Recommended newsletters for you

FT Exclusive — Be the first to see exclusive FT scoops, features, analysis and investigations. Sign up here

Breaking News — Be alerted to the latest stories as soon as they’re published. Sign up here

Source link

Advertisement
Continue Reading

Money

Tiny clue on edge of £1 coin that makes it worth 2500 times its face value – do you have one lurking in your change?

Published

on

Tiny clue on edge of £1 coin that makes it worth 2500 times its face value - do you have one lurking in your change?

A TINY clue on the edge of a £1 coin could make it worth 2500 times its face value.

A coin enthusiast has revealed a crucial detail to watch out for that could earn you some “mega money”.

The video explainer has racked up 39,100 views

1

The video explainer has racked up 39,100 views

Sharing a clip with his 134,600 followers on TikTok, the Coin Collector UK said: “There are a few errors that can be found on your £1 coins.

Advertisement

“The main ones you want to be looking for is the dual dated £1 coin.”

“The main ones you want to be looking for is the dual dated £1 coin.”

The TikToker demonstrated what to look for using a normal £1 coin from 2016.

He continued: “So you can see, when we flip this over on the obverse side this is a 2016 version of the £1 coin.

Advertisement

“However some were made with the micro-lettering on the side with the date 2017.

“It is an extremely rare error.

“We only know of one that’s actually being sold to a buyer in Spain, and this sold for £2,500.”

He advised using a microscope to check for this error as it is “extremely fine”.

Advertisement

He insisted “it’s definitely worth checking” if you have a 2016 dated coin.

Just look on the Queen‘s head side for the micro-lettering and on the reverse side for the date 2017, he added.

Lots of fans jumped to the comment section to share their thoughts.

One said: “Will look out for this.”

Advertisement

While a second person said: “I have 4 of them.”

Meanwhile a third asked: “I got this coin and please tell me where can I sell it.”To which the TikToker replied: “Auction.”

How to spot if your coin is rare

The most valuable and rare coins are usually the ones with low mintage numbers or an error.

A mintage number relates to how many of a certain coin were made, so the lower the number, the rarer and, generally, the more valuable a coin is.

Advertisement

Meanwhile, error coins are pieces that were incorrectly struck during the manufacturing process.

How to spot valuable items

COMMENTS by Consumer Editor, Alice Grahns:

It’s easy to check if items in your attic are valuable.

Advertisement

As a first step, go on eBay to check what other similar pieces, if not the same, have sold for recently.

Simply search for your item, filter by “sold listings” and toggle by the highest value.

This will give you an idea of how much others are willing to pay for it.

The method can be used for everything ranging from rare coins and notes to stamps, old toys, books and vinyl records – just to mention a few examples. 

Advertisement

For coins, online tools from change experts like Coin Hunter are also helpful to see how much it could be worth.

Plus, you can refer to Change Checker’s latest scarcity index update to see which coins are topping the charts. 

For especially valuable items, you may want to enlist the help of experts or auction houses. 

Do your research first though and be aware of any fees for evaluating your stuff.

Advertisement

As a rule of thumb, rarity and condition are key factors in determining the value of any item. 

You’re never guaranteed to make a mint, however.

The ultra-rare “lines over face” 50p error coin is one such coin, which has been known to sell for £1,500 in the past.

Meanwhile, others with little-known designs have been known to sell for up to £3,000.

Advertisement

How to sell a rare coin

There are three ways you can sell rare coins – on eBay, Facebook, or in an auction.

If you’re selling on Facebook, there are risks attached.

Some sellers have previously been targeted by scammers who say they want to buy a rare note or coin and ask for money up front to pay for a courier to pick it up.

But the courier is never actually sent and you’re left out of pocket.

Advertisement

Rather than doing this, it’s always best to meet a Facebook seller in person when buying or selling a rare note or coin.

Ensure it’s a public meeting spot that’s in a well-lit area and if you can, avoid using payment links.

Next, you can sell at auction, which is generally the safest option.

You can organise this with The Royal Mint’s Collectors Service.

Advertisement

It has a team of experts who can help you authenticate and value your coin.

You can get in touch via email and a member of the valuation team will get back to you.

You will be charged for the service though – the cost varies depending on the size of your collection.

You can also sell rare coins on eBay.

Advertisement

But always bear in mind, you will only make what the buyer is willing to pay at that time.

Source link

Continue Reading

Trending

Copyright © 2024 WordupNews.com