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re: This painting from Cy Twombly sold for 41.6 million last year

Posted on 10/25/23 at 9:25 am to
Posted by OysterPoBoy
City of St. George
Member since Jul 2013
35321 posts
Posted on 10/25/23 at 9:25 am to
quote:

I should start selling some of my 3 year olds stuff. Looks the same.


I wish you knew how ridiculous you sound. Not shocking for this site though. Zero culture.
Posted by PuntBamaPunt
Member since Nov 2010
10070 posts
Posted on 10/25/23 at 9:26 am to
quote:

One could say that any child could make a drawing like Twombly only in the sense that any fool with a hammer could fragment sculptures as Rodin did, or any house painter could spatter paint as well as Pollock. In none of these cases would it be true. In each case the art lies not so much in the finesse of the individual mark, but in the orchestration of a previously uncodified set of personal "rules" about where to act and where not, how far to go and when to stop, in such a way as the cumulative courtship of seeming chaos defines an original, hybrid kind of order, which in turn illuminates a complex sense of human experience not voiced or left marginal in previous art.


What a load of horseshite
Posted by Fun Bunch
New Orleans
Member since May 2008
116146 posts
Posted on 10/25/23 at 9:27 am to
quote:

hard to believe more than one sap would pay that price for that scribbling, but I don't know much about "art"



All Twombly's go for millions, some many many 10s of millions.

Once an artists value and "importance" is established like that, especially after his death, its not going to go down.

It may look stupid to us but artists and rich people have put a price on it and that's set
Posted by Wildman 22
SW Ms
Member since Jun 2023
92 posts
Posted on 10/25/23 at 9:27 am to
My 4 year old just turned into daddy's retirement plan!
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
31228 posts
Posted on 10/25/23 at 9:29 am to
quote:

Money laundering.


Explain to me how this works, in your opinion? If I have 42 million dollars of drug money and I spend it on a painting, that's not laundering it, that's spending it.
Posted by AUin02
Member since Jan 2012
4282 posts
Posted on 10/25/23 at 9:32 am to
Buy art for cheap. Get a friend of a friend to appraise it for big money. Donate it to a museum. Boom, you just turned a $5k purchase into a $5M tax write off.

Once one particular artist gets appraised like this, suddenly all his work starts to go up in value. Then the artist dies, and the value really kicks up because suddenly no more of it is being made.

If you want to make your art worth something, die. If you want your art to become really valuable, commit suicide.
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
73681 posts
Posted on 10/25/23 at 9:32 am to
quote:

hard to believe more than one sap would pay that price for that scribbling, but I don't know much about "art"



Well. A lot of timws it isn't art you are buying/selling as much as wealth.

Someone said money laundering, and it is just part. Hiding wealth is important to a lot of people. If you can hold an asset and never pay taxes on that then sell it later and never pay taxes then it is a good deal.
Posted by OysterPoBoy
City of St. George
Member since Jul 2013
35321 posts
Posted on 10/25/23 at 9:32 am to
They put the money in the frame.
Posted by Pax Regis
Alabama
Member since Sep 2007
12936 posts
Posted on 10/25/23 at 9:35 am to
Money laundering.
Posted by AUin02
Member since Jan 2012
4282 posts
Posted on 10/25/23 at 9:36 am to
quote:

Explain to me how this works, in your opinion? If I have 42 million dollars of drug money and I spend it on a painting, that's not laundering it, that's spending it.


You took money earned through illicit means, then purchased a "clean" asset worth the same $ amount. Sell that asset for the same or more amount of money, and suddenly you possess $42M that has a paper trail of where it came, an art sale. Do this enough times or through enough intermediaries and it gets very hard to track the original source of the cash.
Posted by Fun Bunch
New Orleans
Member since May 2008
116146 posts
Posted on 10/25/23 at 9:36 am to
Google Freeports in art
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
26033 posts
Posted on 10/25/23 at 9:38 am to
He has a long way to go to reach the artistic creativity of Hunter Biden.
Posted by NytroBud
LaFayette
Member since Jun 2009
4083 posts
Posted on 10/25/23 at 9:39 am to
I assume the title of this detailed piece is "Cleaning out my brush"
This post was edited on 10/25/23 at 9:44 am
Posted by CatfishJohn
Member since Jun 2020
13542 posts
Posted on 10/25/23 at 9:39 am to
quote:

Explain to me how this works, in your opinion? If I have 42 million dollars of drug money and I spend it on a painting, that's not laundering it, that's spending it.


Very little oversight into art dealings (or used to be).

In my understanding, which is limited, you'd buy the art with drug money through a shell/holding company which no one cares about. Anonymous buyers and sellers are very common in the art world. Then transfer asset to another and sell the art a few years later for clean money.

It's more complicated than that though.
Posted by Fun Bunch
New Orleans
Member since May 2008
116146 posts
Posted on 10/25/23 at 9:41 am to
Yes, the will often to do it at ultra inflated prices, sometimes even buying and selling effectively "to themselves" through all kinds of shell corps.
Posted by MeridianDog
Home on the range
Member since Nov 2010
14236 posts
Posted on 10/25/23 at 9:42 am to
quote:

They put the money in the frame.


Do you have any idea what a frame that big would cost?

Actually, the canvas is probably a custom job, since Hobby Lobby does not carry and that size.

Also, I figure it at least a quart of custom mixed paint from Lowes.

Any way you look at it, all of these things add to the value of the work.

I bet, just the wire to hang it was tree fifty.

This post was edited on 10/25/23 at 9:45 am
Posted by jizzle6609
Houston
Member since Jul 2009
4248 posts
Posted on 10/25/23 at 9:45 am to
Hellen Keller got drunk
Posted by Mr. Misanthrope
Cloud 8
Member since Nov 2012
5510 posts
Posted on 10/25/23 at 9:45 am to
quote:

Discerning art critics of the OT, thoughts?
“It’s a very important piece.” ”Get the frick outta here!”
Posted by etm512
Mandeville, LA
Member since Aug 2005
20757 posts
Posted on 10/25/23 at 9:46 am to
quote:

One could say that any child could make a drawing like Twombly only in the sense that any fool with a hammer could fragment sculptures as Rodin did, or any house painter could spatter paint as well as Pollock. In none of these cases would it be true. In each case the art lies not so much in the finesse of the individual mark, but in the orchestration of a previously uncodified set of personal "rules" about where to act and where not, how far to go and when to stop, in such a way as the cumulative courtship of seeming chaos defines an original, hybrid kind of order, which in turn illuminates a complex sense of human experience not voiced or left marginal in previous art.


Posted by liquid rabbit
Boxtard BPB®© emeritus
Member since Mar 2006
60273 posts
Posted on 10/25/23 at 9:49 am to
Art suckers are born every minute. One of the images below is by a famous artist and goes for thousands of dollars. The other is by my 11-year-old granddaughter and cost $3.50.

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