It seems that 2 trillion euros of art are in the hands of mega rich collectors.
A mega rich person is someone who owns more than 27 million euros worth of “stuff”.
And there are 580.000 of them in the world.
And a majority of this art is not displayed in a home, it’s kept in warehouses for tax purposes.
What do you all think of this?
On one hand it baffles me that a Picasso can be worth 50.000.000 dollars. On another hand, if a painting (or any object d’art) is really good, I feel it deserves to be seen. And, like Indiana Jones, I reckon a museum is the best place, so that lots of people can see it.
Yet, on another hand, I have art on the walls in my house too (no bloody Rembrandt or Vermeer though). And I find it totally acceptable for people to own art they like.
And part of me feels like owning art just for tax purposes has something icky about it; like locking it up out of sight doesn’t do the art any justice. I don’t know.
Now, if they owned the art and lent it out to museums (if they didn’t want it on their walls), should they be given the same tax benefits as locking it up in a warehouse?
That way the tax payer isn’t screwed more than he is now, and more people can enjoy the piece of art.
What say you?
https://nos.nl/artikel/2498720-superrijken-bezitten-steeds-duurdere-kunst-en-hangen-die-niet-aan-de-muur
It’s a Dutch news site (for source referencing)
Art... is in the eye of the beholder.
The warehouse problem: At least in Germany most art in museums is stored not displayed... we do have a problem with space, with curating exhibitions, generally with the pesky details of doing what a Museum is presumed to do.
Art that is collected for investment is normally art, that is well known to begin with (or at least is created by a well-known artists). A lot of that art is available "second hand" via copies, so the contents is not lost on the public.
And a small story: I ahve visited the Louvre some time back. We did look mainly at the Dutch masters. But in the whole building you found hints for the Mona Lisa. So my wife asked me to go there and see for ourselves. Visitor traffic was becoming heavier and heavier. And when we arrived a few dozen people stood befire the painting a lot of them raising the photo taking devices.
The picture itself is unimpressive for me. I have seen bigger reproductions and could study thos in more detail. For me it would be no loss to himankind if the Mona Lisa would be stored away somewhere...maybe the other masterworks in the vicinity would be more noted?
@ponderable saidI was actually impressed by the Mona Lisa.
Art... is in the eye of the beholder.
The warehouse problem: At least in Germany most art in museums is stored not displayed... we do have a problem with space, with curating exhibitions, generally with the pesky details of doing what a Museum is presumed to do.
Art that is collected for investment is normally art, that is well known to begin with (or at least is cre ...[text shortened]... sa would be stored away somewhere...maybe the other masterworks in the vicinity would be more noted?
One of us was in a wheel chair and we were allowed in front of the rope to view it. So, really close.
What's really cool, is that if you place your hand over her eyes her smile becomes a grimace.
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@shavixmir saidI tried it at home....still looks like a grin to me.
What's really cool, is that if you place your hand over her eyes her smile becomes a grimace.
I knew someone that went to France, she was surprised at how small the painting was, wasn't impressed.
@shavixmir saidPutting a price tag on historically significant art diminishes its value.
On one hand it baffles me that a Picasso can be worth 50.000.000 dollars.
Years ago there was a van Gogh painting being actioned where the bidding started at $25 million. The auctioneer had to stand there flabbergasted as no one bid on the painting. As a result the value of the painting went down.
I was still a kid a the time but I remember being surprised that a culturally significant artifact was being sold it was expensive jewelry. It didn't make sense that its worth was being measured in dollars and cents (or pounds and pence).
Imagine looking at the Roman Colosseum and thinking "but how much could get I get for it?" before trying to sell it to FIFA.
@shavixmir said"If some Houdini wants to swipe a couple swirls of paint that's only important to a few very silly rich people, I don't really give a sh-t"
It seems that 2 trillion euros of art are in the hands of mega rich collectors.
A mega rich person is someone who owns more than 27 million euros worth of “stuff”.
And there are 580.000 of them in the world.
And a majority of this art is not displayed in a home, it’s kept in warehouses for tax purposes.
What do you all think of this?
On one hand it baffles me tha ...[text shortened]... eds-duurdere-kunst-en-hangen-die-niet-aan-de-muur
It’s a Dutch news site (for source referencing)
Detective Leary - The Thomas Crown Affair / 1999
@shavixmir saidIt's gotta be money laundering right?
It seems that 2 trillion euros of art are in the hands of mega rich collectors.
A mega rich person is someone who owns more than 27 million euros worth of “stuff”.
And there are 580.000 of them in the world.
And a majority of this art is not displayed in a home, it’s kept in warehouses for tax purposes.
What do you all think of this?
On one hand it baffles me tha ...[text shortened]... eds-duurdere-kunst-en-hangen-die-niet-aan-de-muur
It’s a Dutch news site (for source referencing)
@jj-adams saidA well known artist in Germany once said: The art is in the sale....
Are they buying this kind of garbage too?
Million bucks for a canvas painted all the same shade of red is ridiculous.
https://www.youtube.com/watch?v=YG8LmzVWaPw
So as long as people pay for it, adherents of capitalism should rather praise the salesperson.
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- 1798
@ponderable saidBusiness Insider explains why modern art is so expensive in this video.
A well known artist in Germany once said: The art is in the sale....
So as long as people pay for it, adherents of capitalism should rather praise the salesperson.
I didn't know why before watching it, and after watching it, I still don't know.