Big, big money.

[Dawg]

I hadn't realized how big the big money is in Art. You hear of multi million sales and the like, but have you heard how much The Louvre Abu Dhabi is costing?
Building cost €150m and rising
Leasing the Le Louvre name for 25 years: €475m
Borrowing a few daubings for 5 years: €525m

So over a billion € for one museum of splish splosh emulsion and dead sharks.

Other Art dosh. The Maastricht Art Fair: an 80 sq metre stall will set you back €100k the week. Makes the NEC look a complete bargain....

Phew.

 

[akirk]

yes, but consider the profits in the artwork

take one dead sheep
some preserving fluid and sell it for millions

take a can of paint from B&Q (or a couple if you are feeling extravagant), flick them over the canvas, perhaps ride over it on a child's tricycle and sell it for 100s of thousands!

rather a good profit margin... though generally it does help to be dead first and that is perhaps not the best business plan... please invest in my business - here is the plan - you will notice that profits rise rapidly at this point where I die

Alasdair

 

[Matt1959]

its to do with who you know

 

The emperor's clothes for the idioratzy .

Now what colour was No32 supposed to be.:|

Earl

 

[Dawg]

The emperor's clothes for the idioratzy .

Now what colour was No32 supposed to be.:|

Earl

The people who buy art are VHNW (Very High Net Worth) individuals. Now you can be stupid and earn a shed load of zillions, but it's unusual, even allowing for oil money as in the Gulf States.

So in a funny sort of way it might be a tad idiotic to just dismiss the whole art/money phenomena as "idioratzy" (?). It's actually a very interesting business and branding model with value added by ownership and dealers, and diminished by state intervention.

 

The people who buy art are VHNW (Very High Net Worth) individuals. Now you can be stupid and earn a shed load of zillions, but it's unusual, even allowing for oil money as in the Gulf States.

So in a funny sort of way it might be a tad idiotic to just dismiss the whole art/money phenomena as "idioratzy" (?). It's actually a very interesting business and branding model with value added by ownership and dealers, and diminished by state intervention.

Oh the people who buy and sell art make loads of money I am sure.

But my comment was aimed at the way society values Art.

A tad out or proportion to its value to society.

Earl

 

Art finds its true monetary value from what the experts say.

( talk about the blind leading the blind )


If a piece of art is to be labeled as having value.


It is what is said about it that establishes it as a work worthy of attention.

Art for Dummies:-

http://www.chicagoappraisers.com/art-collecting.html

Earl

 

[Dawg]

"Certain game animals are better than others. Elephants, lions, leopards are better than antelopes, wild boar and wolves"

I keep telling Charlie S. to stop buying these ferking sharks..

 

"Certain game animals are better than others. Elephants, lions, leopards are better than antelopes, wild boar and wolves"

I keep telling Charlie S. to stop buying these ferking sharks..

Plenty of sharks available in the Art world stuffed and otherwise.

A coven of fools fooling bigger fools.

I'll knock you off your favourite masters little doodle in a couple of days for 2k.Guaranteed to be better than the original as we use modern paints and brushes.Not all the old gunge them lot had.

http://www.independent.co.uk/news/art-fraud-of-the-century-fooled-tate-1070406.html

Earl

 

[Esk247]

alas there IS money in the art world but you've still got to find it!

it's a very competitive market, you cannot just go in to a top class gallery and say 'oi mate, i've painted a piccy of me goldfish, charlie, can i shove it up on yer wall over there mate?'

for you will be slapped, laughed at..then dragged out by your heels.

it's all about whats in fashion, who's 'in' and whos 'out' in the art world.

the bigger money is being an Art Agent...you can take payment for merely going and seeking a market, getting some art on a wall somewhere and you get your cash.