Painting sells for $142 million- Proof the rich are getting richer? (cash, investment)
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Amazing that multiple people were bidding for this! ..and someone paid $142 million for a painting. Making it the most expensive artwork ever sold at an auction.
Insane!
The particular auction was also the most expensive ever at $691.5 million.
It's just another way if laundering money internationally. They have not gotten into Bitcoin yet. It could be a work of art, or a turd it does not matter. All that does is a way to store "value" that can be moved with you.
Location: RI, MA, VT, WI, IL, CA, IN (that one sucked), KY
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I like Bacon's work a great deal (I have some gallery lithographs of his on my walls, yeah, I'm not a baller), but I'm very surprised he hit this mark.
Amazing that multiple people were bidding for this! ..and someone paid $142 million for a painting. Making it the most expensive artwork ever sold at an auction.
Insane!
The particular auction was also the most expensive ever at $691.5 million.
Good economic observation, empirical, logical, and it is easy to extrapolate the implied consequences. "Fictitious capital" will rise as those who have no real material needs reap the surplus.
It's just another way if laundering money internationally. They have not gotten into Bitcoin yet. It could be a work of art, or a turd it does not matter. All that does is a way to store "value" that can be moved with you.
Good point. I have heard of people using artwork in order to launder money. I've heard that is one of the methods the rich are using to get money out of countries that are in turmoil where it is hard to get cash out using traditional methods.
Good point. I have heard of people using artwork in order to launder money. I've heard that is one of the methods the rich are using to get money out of countries that are in turmoil where it is hard to get cash out using traditional methods.
Has to be because the "art" shown is something a 10 year old or a crazy chimp could produce.
most of these people could care less about the art, they buy up an coming artist because they can sell it later at a higher price or they buy established artists just for the ego and status.
Location: RI, MA, VT, WI, IL, CA, IN (that one sucked), KY
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Quote:
Originally Posted by tallrick
Has to be because the "art" shown is something a 10 year old or a crazy chimp could produce.
Francis Bacon's art is surrealistic, nothing like some of the modern abstract art. You must be thinking of someone else.
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