Interesting to compare it to stock. There's a bunch of major differences:
#1 - It's easy to buy and sell stocks, and to see what the going rate for it is at any point, because thousands (or millions or billions) of people have shares that are identical to yours.
#2 - Many stocks will earn you dividends.
#3 - If a company tanks, you can liquidate it and get the value of whatever property they owned.
None of these apply to art.
I think that's a reasonable bet, given a nearly identical piece went for 30x as much. My concern would be that this person intends to hold onto it for years before selling it. Apple's brand value is already going down - seems like it's only a matter of time before the art depicting their brand similarly declines in value.
This is 100% FAKE. The signature is way off. |Everything about this is wrong. .
I got a nice painting of a cow I bought for $8 the other day. No idea who drew it, but between the painting I have and this one, I vastly prefer the cow painting, and that's before even factoring in price.
There's no accounting for some people's (complete lack of) taste.
Like, honestly, what the heck does someone buying this think? That they're going to be able to go on to sell it for more later on? That requires there being someone not just as dumb (and wealthy) as you, but even dumber and wealthier. It's going to come to an end eventually - how can the buyer be so certain that they're not the dumbest person, the one at the end of the chain?
Or is it possible to have enough money to impulsively spend $30K on a painting? I guess that'd require having a net worth of around... $3B or so*, for $30K to seem like a small enough purchase to just impulsively do it.
* Because at that point, you're making enough interest that within a few hours your net worth has increased by $30K.
I'm in the wrong business. I could do this easily....but as someone said above, you are buying the name of the artist. Which makes absolutely no sense to me. Why do people want things created by weirdos?
ArtOfWarfare said:
I got a nice painting of a cow I bought for $8 the other day.
Thats not something I Would have admitted on a public forum. /S
The art business is all about money laundering, international untaxed wealth transfer, and general tax evasion. The art itself is irrelevant, and doesn’t need to be actual art. Hence conceptual contemporary “art”.
I have two "Warhols" on my walls!
Okay then, why not put your money where your mouth is and "do it easily" and show us how easy it is?I'm in the wrong business. I could do this easily...
Where was Apple in the minds of the public when Warhol did this? Was it up there with Campbell's Soup?
Aside from the taste comment which is 100% subjective, your post makes absolute sense in my book also.I got a nice painting of a cow I bought for $8 the other day. No idea who drew it, but between the painting I have and this one, I vastly prefer the cow painting, and that's before even factoring in price.
There's no accounting for some people's (complete lack of) taste.
Like, honestly, what the heck does someone buying this think? That they're going to be able to go on to sell it for more later on? That requires there being someone not just as dumb (and wealthy) as you, but even dumber and wealthier. It's going to come to an end eventually - how can the buyer be so certain that they're not the dumbest person, the one at the end of the chain?
Or is it possible to have enough money to impulsively spend $30K on a painting? I guess that'd require having a net worth of around... $3B or so*, for $30K to seem like a small enough purchase to just impulsively do it.
* Because at that point, you're making enough interest that within a few hours your net worth has increased by $30K.
Interesting theory. I'm sure art world would like to know more.
"l could have made this."
"Then why didn't you?"
"Here's to the crazy ones. The misfits. The rebels. The troublemakers…"
That’s like saying why would you want a worn jersey of Michael Jordan? After all it’s sweaty and stinky. The same way that jersey stands for Jordan’s career, a painting by Warhol (an influential and famous painter) stands for his. Even if the painting itself is not super nice, that’s why it holds value.
Fact not theory. Plenty of mainstream info about money laundering with art, but here’s a rather sensational take on it: https://voat.co/v/pizzagate/1855938
Warhol's work IMO is copies of stuff. I mean Com'on, a Campbell's Soup can? Colorized photos of famous people? Apple logos!!? If people like his work, more power to ya...I happen to think he's HIGHLY overrated and mediocre at best. County fair level....hell, some county fair art is better!
Not interested in sensational takes. They pretty much disprove your point, and certainly don't supply any facts to support your sweeping assertion.
I am reminded of the fable The Emperor’s New Clothes. What people appreciate as art sometimes baffles me. I realize personal taste is a factor. But I just can’t see anyone paying much for this. There isn’t much in the painting itself. What you are buying is the fact that it was crafted by a particular person. In that sense it is more like autograph or personal relic collecting.
You haven’t read the link.
This is really funny. I think you and others here don't get "art".
You're right, I don't read kooky konspiracy web sites.
I know. I find that with a lot of art, it's not the art itself, but the painter. If they said that my sister's 6 year old daughter painted this, it might go for a few bucks. Yet, if you put a kindergartener's art project in the Louvre and said that it's by some famous artist, people would pay thousands of dollars for it.
The stampede by forum members to demonstrate their ignorance on this subject is disheartening.Actually? No. They won't.
Next time you're standing in front of a Van Gogh. have a good look.
That is not "kindergarten" art… and could never be mistaken for it.