In late February, many of us followed excitingly the three-day auction of fine art from the private collection of Yves St. Laurent and his partner. On the first day alone, US$264 million worth of art was bid on and won.
While I certainly understand why investors would spend a chuck of wealth on fine art, I cannot understand how such ridiculous price tags could be placed on these fine art pieces. Sure, to some people, they really worth that much but to me, these pieces of art certainly do not look anything different from what my friends and I could do. In fact some of my friends could paint better.
I also know that while ordinary art lovers like myself would want to display such art at home or office, real art investors would rather utilize the services of Art Storage companies that would ensure that these extremely expensive fine art pieces were well stored so that the value is preserved. You never know, they may fetch an even higher price sometime in the future!
Tell me, when fine art like those from YSL and his partner are stored, how could anyone appreciate the beauty of art? I guess the only thing that appreciates is the value and that’s all that matters for the owners, right?
While I certainly understand why investors would spend a chuck of wealth on fine art, I cannot understand how such ridiculous price tags could be placed on these fine art pieces. Sure, to some people, they really worth that much but to me, these pieces of art certainly do not look anything different from what my friends and I could do. In fact some of my friends could paint better.
I also know that while ordinary art lovers like myself would want to display such art at home or office, real art investors would rather utilize the services of Art Storage companies that would ensure that these extremely expensive fine art pieces were well stored so that the value is preserved. You never know, they may fetch an even higher price sometime in the future!
Tell me, when fine art like those from YSL and his partner are stored, how could anyone appreciate the beauty of art? I guess the only thing that appreciates is the value and that’s all that matters for the owners, right?
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