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Old 02-17-2019, 07:17 PM   #1
mce
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Imagine spending $500 million on a painting only to find out...

it was painted by the artist's assistant... DAYUM
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Old 02-17-2019, 07:22 PM   #2
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Ouch!

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Old 02-17-2019, 08:28 PM   #3
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But that's the bullshit in art.

The assistant might have painted a lot of the art but could never survive on his/her own;
because he/she doesn't have the million dollar name.
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Old 02-18-2019, 07:32 AM   #4
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Ouch!

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Exactly.
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Old 02-18-2019, 07:39 AM   #5
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Sorry, I don't think "art" is worth all too much. Not once in my life have I looked at a painting and thought to myself "Wow, that's amazing".

Photography is another story. I am not a photographer by any stretch of the imagination, but I have a HUGE photo of my kid wearing googles and a snorkel in the water in Hawaii and I think it's amazing. Even more so knowing my kid is all grown up.

I'm sorry, but someone who pays millions to hang up a painting or photograph on a wall is stupid.
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Old 02-18-2019, 09:25 AM   #6
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Money laundering on steroids.
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Old 02-18-2019, 09:35 AM   #7
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Money laundering on steroids.

So true
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Old 02-18-2019, 08:30 PM   #8
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Given that logic why are people still buying Andy Warhol's stuff. Warhol was famous for letting his assistants do his art... in fact, they silk screened that shit!
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Old 02-18-2019, 08:31 PM   #9
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Buying expensive art is a well known form of money laundering among the rich. Record high anonymous bidders for hundreds of millions of dollars

Art Dealers Push Back Against the European Union’s New Money-Laundering Regulations

Does the Art World Have a Money Laundering Problem?


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Old 02-19-2019, 05:08 AM   #10
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Super expensive indeed.
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Old 02-19-2019, 07:04 AM   #11
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I'm sorry, but someone who pays millions to hang up a painting or photograph on a wall is stupid.
I bought an original Gerald Scarfe picture in the early 90's for around $500, sold it 15 years later for $7k.

Not millions, but if gives you an idea of how you can make very good returns holding original works for a few years.
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Old 02-20-2019, 03:49 PM   #12
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Buying expensive art is a well known form of money laundering among the rich. Record high anonymous bidders for hundreds of millions of dollars

Art Dealers Push Back Against the European Union’s New Money-Laundering Regulations

Does the Art World Have a Money Laundering Problem?


Interesting
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Old 02-21-2019, 04:32 PM   #13
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Interesting
Indeed. The rich have a whole racket for legally laundering money via antiques, artwork, real estate, etc.
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Old 02-25-2019, 05:07 AM   #14
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Yeah, some things are overestimated and people pay only for the created value or brand, but not the product itself
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Old 02-25-2019, 06:40 AM   #15
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Now only name is what really matters talking about art. Talent goes after (:
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