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Friday, November 17, 2017
Does $450M Art Masterpiece Boost The Book Industry?
painting just sold at auction for $450 million.
Yes, that’s not a misprint.
though the highest sale ever for a painting was $300 million --in a private sale
two years ago -- a Leonardo DaVinci painting just fetched 50% more than that and two times more than any previously auctioned artwork! Talk
even more amazing is the painting originally wasn’t believed to have been
created by DaVinci, but in recent years it was declared one of the painting
master’s. Imagine if 450,000,000 dollars
was paid for a fraud?
love and support the arts but enough is enough.
How is one picture worth so much money, so much more than other art, and
so much more than the rarest books, prized sports memoraphalia, or celebrity
memento? How is it worth more than the
most expensive house, more than a sports arena, more than most businesses?
art sale is part of a bitcoin economy, where everything is commoditized and
sold off like a Madoff Ponzi scheme. I
don’t know that such a high price tag for art is good for society or even
artists. It turns the focus of art to money and a business -- and not on creativity and inspiration. This kind of art can’t be touched or
experienced – it’s under lock and key and treated like the Hope Diamond.
art doesn’t fetch anywhere near millions of dollars. The industry seems to vary wildly. No one really knows what to charge for any
art -- it’s whatever people are willing to pay.
Most artists don’t make a lot of money, but some do manage to get
thousands of dollars per piece and if they can work with a gallery or get
online buzz, they can manage to afford to practice their craft.
art, though it’s always been collected, sold, and traded, should be seen for its
beauty and not its appeal to get rich.
Art shouldn’t be a lottery ticket.
It should be a conversation piece, a valuable contribution to the
community, and a source for inspiration to all who view it.
I’m just not seeing this correctly.
Perhaps I should be glad that someone values art enough to pay such a
huge sum for it. Perhaps when art sells
at that price at the top it lifts all boats at the bottom. But it just seems like capitalism gone
awry. Instead of pouring all of that
money into one piece of art you could open up several art museums that can
provide art appreciation to lots of people.
For $450 M you could probably eradicate a disease.
sale came on the heels of a new study that shows over 50% of the world’s 280
trillion dollars in assets is owned by 1% of the population and 10% of the world’s
citizens owns 85% of the globe’s wealth. The top of the art world’s a mere toy for the uber rich.
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Toolkit to Promote a Book -- 7th annual edition