wat

That there are people who can't appreciate the value of art is equally impressive.

stick to video games

I concur.


"Total takings for the day...$420"

How Muskesque

lmao@ appreciate the art.
these people aren't appreciating the art. they're paying for a famous name to try and impress their rich friends.

oot never fails to suck the fun out of anything

What he's just done is to create a piece of performance art with world wide reach. People do appreciate that type of art.

It doesn't matter why rich patrons buy art. All that matters is that they fund the arts so that we all reap the rewards. To say they're paying for a famous name is low level thinking. The name only became famous because a lot of people agreed the art was interesting.

Contribute or **** off, you homophobic ****wit.

I saw a documentary about someone using an empty Banksy quote praising the artist to promote their art gallery, getting a bunch of college kids to quickly pump out paintings and made like a million dollars.

Do you have some super-limited description or definition of art? It would seem impossible to me that the amount of art being created in the world doesn't rise and fall in direct relation to population.

There's plenty of art being created today.

Obviously I don’t know about this one, but the vast majority of expensive ($100k+) art is bought as an investment. It’s pretty cool to show off to your friends, but it’s even better to do 5x or more in ten years.

Used to be that you couldn’t make money from living artists, but that changed over the last 20 or 30 years. Just take a look at Gerhard Richter, who is alive and had a pretty impressive output over the years. Couple years ago they auctioned off one of his “abstraktes Bild” for over 40 million that was created in the mid 80s and went for under a million at auction in the late 90s. He’s in his 80s now and probably will pass away in the next 20 years. At that point, that same painting might sell for >$100mil.

Folks interested in the art world might enjoy Steve Martin's novel, "An Object of Beauty." I don't offer that up as some informative tome, just a good read on a related subject.

Another good art-market read is "I Bought Andy Warhol." This one, I believe, is non-fiction and aimed as more of a "peak behind the curtain."

Now I don't feel alone in thinking Banksy thinks the same way, so he created a piece of art with the oversized frame with remote activated shredder built in for an occasion. What a big F.U. to the types who do buy art to impress their rich friends. I haven't read any further into the story but are they investigating any of the people who were in attendance for access to some type of "remote" to set the self destruct sequence once they saw it was sold?

Nobody is going to investigate anything. Everybody loved what Banksy did.

maybe. But it raises very interesting questions I would imagine, in that this absolutely could be a prosecutable crime with massive time in federal prison if the parties involved wanted to prosecute.

How is that a FU? Somebody just paid $1.4mil for a piece of art that made headlines around the world in a way that you usually only see for high profile auctions and thefts like when “Der Schrei der Natur” was stolen a decade ago. And one of those would probably sell in the $200mil neighborhood today.

I am 100% sure the unknown buyer of that Banksy work is a very happy customer..

If you don't understand why this massively increased the value of that piece, you probably shouldn't be commenting on what happened. If/when the current owner sells it, the price will be far higher than $1.4m simply because of this stunt.

This is not even remotely an FU, it is a brilliant win-win move for multiple reasons, some artistic and some economic.

Can't be both?

A cynic is someone who knows the price of everything and the value of nothing.

nope

yup.

It depends

I didn't look at it that way but it makes sense. I'm glad my poker thinking isn't that level 1.

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maybe he bought it himself then did this to raise the value

just glanced at this story, but didn't realize the painting wasn't entirely shredded - so I agree that value is now >> 1.4 MM