If artists, art critics, and art buyers really had any interest in reducing the widening gap between the rich and the poor, they would be focusing their efforts on developing countries, where spending a few thousand dollars on the purchase of works by indigenous artists could make a real difference to the wellbeing of entire villages.
Category: Culture
Graff Hallucination And The Reasonable 55 Millon Dollar Price Tag
Of course who ever buys this watch will not drive a rusty Ford Pinto and most likely has never heard of Timex, they are the 1% of the 1%, and are far more interested in the fact that the Graff Hallucination is a one of a kind, ultra-rare piece of Haute Horlogerie and Haute Joaillerie combined. A watch that cannot be made again, simply because the same diamonds, in the same quality and the same cut-styles cannot be found again. This makes the Graff Hallucination nothing less than a rare piece of art, and given the current market prices for a Van Gogh or Klimt, you might actually get a deal with this Graff.
For the Love of Art, and Money
The latest auctions here demonstrated how buyers have now split into two main groups: Longer-term investors who hold to more traditional notions of collecting and who tend to focus on Impressionist, modern and classic contemporary works; and short-term speculators, known as “flippers,” who busy themselves with cut-and-run deals in the red-hot market for emerging artists.
Is Art Really a Good Investment ?
Art is, quite possibly, the least commoditised asset in the investment universe, offering the potential for great returns but also—as is rarely explained by its market proponents—subject to enormous risk.
Some Of Their Parts
Howorth’s hands are insured for £5 million ($7.8 million), and she takes extraordinary care to look after them, given her job as a professional hand model. When she sunbathes, she wears gloves to protect them from the sun’s harmful rays; she opens car doors carefully; and she moisturises her hands more than 30 times a day.
I thought that made it unlikely she would proffer a hand; worse, were she to do so, I feared I might squeeze too hard and do untold damage to her livelihood — or perhaps get a call from her insurer and her solicitor.
