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Started By
Message
re: This piece of art is worth $110.5 million
Posted on 8/16/18 at 12:09 am to tiggerthetooth
Posted on 8/16/18 at 12:09 am to tiggerthetooth
I'm not gonna pretend that I've ever really gotten Basquiat but my getting it doesn't determine it's value. Also, please save the "my kid" or "my grandkids" could paint that take because if it's true you need to stop and pick up a canvas and some paints.
2
Posted on 8/16/18 at 12:11 am to tiggerthetooth
That painting is only worth what the NEXT guy's willing to pay for it. Hopefully, the guy dropping 9 figures on it can find someone else to do the same thing, just a little bit bigger.
Such is the way of a market for a one-off piece.
Such is the way of a market for a one-off piece.
This post was edited on 8/16/18 at 12:16 am
Posted on 8/16/18 at 12:13 am to tiggerthetooth
Posted on 8/16/18 at 12:19 am to Pecker
quote:
silly, no doubt, but the art world is pretty fascinating. I watched a documentary the other day on art collections, and ended up doing a few hours of reading on art pieces and where/how they derive their value.
I still think it’s retarded. But I appreciate it.
What's the name of the doc?
Posted on 8/16/18 at 12:22 am to tiggerthetooth
It may look like garbage but it’s worth paying $110 million if you know you can sell it for double that in 10 years.
Posted on 8/16/18 at 12:41 am to tiggerthetooth
Stunningly beautiful
Posted on 8/16/18 at 12:43 am to tiggerthetooth
I like a lot of his art but his elavafion on the art market is ridiculous.. His art is being inflated by his story and limited quantity.
Posted on 8/16/18 at 4:28 am to Pecker
quote:
I still think it’s retarded
It's only retarded because we aren't the ones who made 110 million on it lol
Posted on 8/16/18 at 4:51 am to tiggerthetooth
For all the progress we’ve made in the last 400 years, why has art gone to shite?
Posted on 8/16/18 at 4:52 am to celltech1981
Heroine is a hellva drug
Posted on 8/16/18 at 4:53 am to SEC. 593
quote:
The art is wherever, but I love the film "Basquiat" with Jeffrey Wright.
Would the film have been better with Steven Wright?
Posted on 8/16/18 at 4:58 am to Celery
quote:
It may look like garbage but it’s worth paying $110 million if you know you can sell it for double that in 10 years.
People with that kind of money want way more than 7.18% interest return on an investment. He obviously bought it for the beauty.
Posted on 8/16/18 at 4:58 am to olgoi khorkhoi
quote:
For all the progress we’ve made in the last 400 years, why has art gone to shite?
Correct answer in my book.
Posted on 8/16/18 at 5:33 am to Hangit
quote:
People with that kind of money want way more than 7.18% interest return on an investment. He obviously bought it for the beauty
Or they want to hide their money and not pay taxes on it.
Posted on 8/16/18 at 5:35 am to tiggerthetooth
The people of the world are stupid.
Posted on 8/16/18 at 5:41 am to olgoi khorkhoi
quote:
For all the progress we’ve made in the last 400 years, why has art gone to shite?
5 minute Prager U video “Why is modern art so bad?”
Posted on 8/16/18 at 6:00 am to Hangit
quote:
People with that kind of money want way more than 7.18% interest return on an investment. He obviously bought it for the beauty.
He gets to show it off for 10 years (that is why people buy art) and then sell it at 7%/yr is a win.
Posted on 8/16/18 at 6:05 am to tiggerthetooth
I think that drawing is fricking awesome, and not because it sold for $110M. The dude was pretty talented at abstract.
Posted on 8/16/18 at 6:23 am to TIGERSTORM
quote:
I'm not gonna pretend that I've ever really gotten Basquiat but my getting it doesn't determine it's value. Also, please save the "my kid" or "my grandkids" could paint that take because if it's true you need to stop and pick up a canvas and some paints.
My kid could paint better than that except he’s heterosexual and enjoys man hobbies like welding
Posted on 8/16/18 at 6:24 am to theantiquetiger
Basquiat used to wear expensive Armani suits while he painted these? That’s pretty boss.
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