$179m For that!!!!

[platypus]

What shocks me more was that the painting was sold for circa $120 if I recall, and the comission took it to $179m.

I should start an auction house.

 

[platypus]

How's about rejecting this then...


http://www.fwi.co.uk/business/farmer-rejects-275m-bid-for-his-220ha-farm.htm

Good man.

 

[dirtychinchilla]

I think it's an awesome painting. People have paid more for worse junk.

 

[doofer]

Most 'Art' is bought for Tax purposes, big Tax dodges on it.

 

[Cosimo]

Perfect for the study and an investment as well.

 

[Maccapacca]

the radio said this morning it was last sold at £30m so a tidy profit.

 

[Maccapacca]

Most 'Art' is bought for Tax purposes, big Tax dodges on it.

what dodges I need to know

 

[FloppyPoppy]

Think of all the good in the world £179m would have done!! I assume the person who bought it is good at helping those in the world that are really worse off etc.

How can you imply this when you don't know the person who bought it?

 

[estebanrey]

Erm, kinda sensible depending on the art work. In terms of the Knight Frank Luxury Investment Index 10 year growth,

Cars - 487%
Art - 252%
Wine - 234%
Stamps - 195% (lol)
Jewellery - 168%
Watches - 68%

If you have $179 million, I don't think you really need a 'good investment', you already have A HUNDRED AND SEVENTY-NINE MILLION DOLLARS.

 

[Housey]

Erm, kinda sensible depending on the art work. In terms of the Knight Frank Luxury Investment Index 10 year growth,

Cars - 487%
Art - 252%
Wine - 234%
Stamps - 195% (lol)
Jewellery - 168%
Watches - 68%

Give it 2 years and that car one will be 1% I fear...like last time.

 

[Burnsy2023]

What shocks me more was that the painting was sold for circa $120 if I recall, and the comission took it to $179m.

I should start an auction house.

Commission was 12% so around £19m of the sale price was commission.

 

[dowie]

Most 'Art' is bought for Tax purposes, big Tax dodges on it.

they do have to agree to allow members of the public appointments to come and view the artwork if they want to keep that status though, you can't just buy a Picasso, have it free of capital gains tax, inheritance tax etc.. and keep it hidden away in a private collection that no one can access

 

[Spook187]

You can buy nicer ones at amazon could have saved them a fortune

 

[koolpc]

Commission was 12% so around £19m of the sale price was commission.

That is mind boggling!

 

[Threepwood]

Quantitative easing at it's finest!

 

[George Hincapie]

Think of all the good in the world £179m would have done!! I assume the person who bought it is good at helping those in the world that are really worse off etc.

They should be able to spend their money as they choose without adverse criticism from bitter left wing idealists.

 

[Tefal]

How do you know they have worked hard? Could be drug money! Could be Mafia money? Who knows!!

cause being a billionaire drug lord is easy?

 

[koolpc]

cause being a billionaire drug lord is easy?

You would know?

 

[Nitefly]

Great painting - love it!

 

[fendi]

That is mind boggling!

maybe if you are a peasant.