Art sale ... guess how much $$$

[icebear]

To give 2 perfect examples of art as speculative comodity,
a pure investment object rather than art for the art sake ...

https://www.flickr.com/photos/kebpix/23936923029

And

http://www.flickriver.com/photos/janlombardi/1287069397/

Obviously these modern abstract pieces aren't living room decoration for everybody (even as a reprodcution) but then these are success stories for art critics BS par excellence

quote NY Times today :

“XY1: Is He the Greatest Living Painter in the United States?” — that introduced a new form of modern art to many Americans.

When “........” was displayed at the Sidney Janis Gallery in 1956, one art critic said Mr. XY2 had surpassed Pablo Picasso as the most influential painter.
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And if you want to know if you guessed about right ...
Both painting changed owners in a deal for together 500 million $US.
The first one for $200M, the second $300M.

 

[bmattock]

I guess I'm not quite getting your point.

 

[icebear]

Apart from that no art is worth half a billion dollars ... the content of the art doesn't matter, at all. It's the publicity for the buyer and the perspective to store a huge sum of money in these objects in order to make a profit in a couple of years down the road. In the current market such prime art works get profit margins which no other investment can achieve.

 

[bmattock]

Apart from that no art is worth half a billion dollars ... the content of the art doesn't matter, at all. It's the publicity for the buyer and the perspective to store a huge sum of money in these objects in order to make a profit in a couple of years down the road. In the current market such prime art works get profit margins which no other investment can achieve.

Worth is established by whatever people will pay.

Still not getting your point.