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Tom Penny
Member
(05-16-2013, 04:40 AM)
http://blog.seattlepi.com/thebigblog...-43-8-million/

Microsoft founder Paul Allen was expected to get $20 million to $40 million for Onement VI, which went up for auction in New York Tuesday.

A telephone bidder beat out four other hopefuls, winning the painting for $43.845 million. That’s twice the record price, set just one year ago, for a Newman work at auction.


rhfb
Member
(05-16-2013, 04:41 AM)
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I should become an artist...
TAJ
Member
(05-16-2013, 04:41 AM)
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When more than one person wants something unique, generally the person with the most money gets it.
blame space
Member with a nice beard and a broken TV
(05-16-2013, 04:41 AM)
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art good
DiscoJer
Junior Member
(05-16-2013, 04:44 AM)
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I never really have grasped abstract art.

Pop art, I get. Dogs playing poker, Andy Warhol's soup can, elvis on velvet, it's wonderfully tacky. Like watching the Flash Gordon movie or Batman TV show (Adam West).
Courage
Banned
(05-16-2013, 04:45 AM)
I don't even consider that art.
wenis
Registered for GAF on September 11, 2001.
(05-16-2013, 04:45 AM)
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because art is wonderful.
Tesseract
Member
(05-16-2013, 04:46 AM)
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because art vandelay, and architecture.
B.K.
Member
(05-16-2013, 04:47 AM)
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People are stupid.
el retorno
Member
(05-16-2013, 04:47 AM)
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because they can
ZaCH3000
Member
(05-16-2013, 04:48 AM)
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New Microsoft logo?
Alcotholic
Member
(05-16-2013, 04:48 AM)
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Originally Posted by DiscoJer

I never really have grasped abstract art.

Pop art, I get. Dogs playing poker, Andy Warhol's soup can, elvis on velvet, it's wonderfully tacky. Like watching the Flash Gordon movie or Batman TV show (Adam West).

Abstract is fine. Minimalist art is probably what you're thinking of.



This.
I dont get.
low-G
Member
(05-16-2013, 04:48 AM)
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To balance the economic gap between the super rich and average people.

Rich person just bought a thing that is worthless
I buy electronics with real value that took real knowledge & resources to create

I am the rich one.
shinobi602
(05-16-2013, 04:48 AM)
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Because they're dumbasses.
xxracerxx
Member
(05-16-2013, 04:50 AM)
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This painting is going to sell for over a million and I wish I could buy it:


Not the full image.
Tom Penny
Member
(05-16-2013, 04:50 AM)

Originally Posted by Alcotholic

Abstract is fine. Minimalist art is probably what you're thinking of.



This.
I dont get.

How many tabs of acid do you have to drop to stare at that?
FStop7
Member
(05-16-2013, 04:52 AM)
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Originally Posted by xxracerxx

This painting is going to sell for over a million and I wish I could buy it:


Not the full image.

Dorothy Zbornak

Thank you for being a friend

To answer OP's question:

Some art has historical and/or cultural significance and is considered iconic. Warhol's soup cans or Marilyn Monroe pieces, for example. Or some valuable art has significance within the world of art collectors because a particular piece is considered to be definitive within a genre, having started a movement, etc.

And some of it is straight up navel gazing pretentiousness.
Last edited by FStop7; 05-16-2013 at 04:56 AM.
MIMIC
Why won't homeless people take my money????????
(05-16-2013, 04:52 AM)
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How else will people know of its status? :)
ReturnOfTheRAT
Member
(05-16-2013, 04:52 AM)
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Originally Posted by xxracerxx

This painting is going to sell for over a million and I wish I could buy it:


Not the full image.

Bea Arthur topless...why?
TAJ
Member
(05-16-2013, 04:52 AM)
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Originally Posted by low-G

To balance the economic gap between the super rich and average people.

Rich person just bought a thing that is worthless

Buh? An even richer person just made a huge profit.
Jzero
Banned
(05-16-2013, 04:53 AM)
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Hey guys, i'm an artist. I hope i can make some good money from my latest piece.

I call it "La Merde"

Dragonzord
coaches in the WNBA
(05-16-2013, 04:53 AM)
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I would pay a good bit of money for a Carl Barks oil painting if I had the money.



Riposte
Member
(05-16-2013, 04:53 AM)
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Because "good" isn't a rare commodity anymore. You have to get creatively terrible to impress your rich friends.

EDIT: Also well drawn stuff is not innovative. For maximum innovation you need to ignore good ideas that have been used before.
Last edited by Riposte; 05-16-2013 at 04:57 AM.
xxracerxx
Member
(05-16-2013, 04:54 AM)
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Originally Posted by ReturnOfTheRAT

Bea Arthur topless...why?

Why not?
Bronco'Bama
Junior Member
(05-16-2013, 04:59 AM)
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Art is an extremely llimited commodity. Newman created only one "Onement VI." So to own that is to own something no one else can have. Art auctions are filled with rich people who can afford anything they want, so in order to have something their peers can't have they buy art.
Tesseract
Member
(05-16-2013, 05:00 AM)
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abstract art is a raw expression of color, texture, form, so on. neither pictogram nor ideogram, abstract art is floating through the veins of the ultimate war-e-agh! when this beast begins to swell ...

so grab your floppy penis and stroke it like a paint brush. drippy-drip da random incomprehensions. release your inner pollock.
Last edited by Tesseract; 05-16-2013 at 05:55 AM.
mantidor
Member
(05-16-2013, 05:00 AM)
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Originally Posted by TAJ

When more than one person wants something unique, generally the person with the most money gets it.

This. although way oversimplified.

In reality people with insane amounts of money see in art a very secure deposit of their assets. The world of art sales is unique in that regard, things never really lost value, and only increase, I really doubt they are actually fans of art, I cannot imagine an actual fan of say, Banksy, wasting thousands in one of his pieces, even Banksy himself feels flabbergasted about it.

There is a snobbish angle as well, to appear cultured some people decide to expend insane amounts in pieces of art they don't understand.

And at last, some art is not cheap to make, people feel shocked about an unknown artist selling a portrait for $1000, but the materials could easily actually cost that.
Beaulieu
Member
(05-16-2013, 05:03 AM)
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its an invesment and one of the safest.
Boney
Sucking and blowing™
(05-16-2013, 05:03 AM)
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Because it's actually priceless
The Culture Vulture
Member
(05-16-2013, 05:04 AM)
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Well they are paying for it as a status symbol

or

something that registers emotion from them when they look at it or know they own it

or

they are buying it as an investment
3N16MA
Member
(05-16-2013, 05:04 AM)
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$72.8 million




$86.8 million
xxracerxx
Member
(05-16-2013, 05:05 AM)
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Originally Posted by 3N16MA



$72.8 million




$86.8 million

I would pay oodles of money for a Rothko.
malfcn
Member
(05-16-2013, 05:05 AM)
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Everyone is afraid to admit they don't get it. $40+ million is a way to try and prove they 'get' it more than anyone else.

braves01
Junior Member
(05-16-2013, 05:06 AM)
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If I'm paying that much for some oil and canvas, you best believe that painting will show some nips.
mullet2000
Member
(05-16-2013, 05:10 AM)
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It's not about the art. It's about showing people that you can afford to buy the art.
Lionheart1337
Member
(05-16-2013, 05:10 AM)
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For some reason aesthetic items in video games come to mind
AkuMifune
Member
(05-16-2013, 05:10 AM)
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Because they can.
Minus_Me
Member
(05-16-2013, 05:13 AM)
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Originally Posted by 3N16MA



$72.8 million




$86.8 million

Why is this worth 250 -350 Million dollars?

Last edited by Minus_Me; 05-16-2013 at 05:17 AM.
Chichikov
Member
(05-16-2013, 05:14 AM)
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This particular sale is because rich people have too much money.
If we didn't have so many billionaires, such price levels would not be sustainable.

I actually like abstract expressionism in general and Newman in particular a whole lot, I'm just commenting on the economics of it.

Originally Posted by xxracerxx

I would pay oodles of money for a Rothko.

As cliché and art school snob 101 as it sounds, yes.
speculawyer
clairvoyancy is no excuse for trollin'
(05-16-2013, 05:15 AM)
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I sometimes wonder if the art market is a way of laundering money. A way of transferring money around various rich people without paying income tax or gift tax.
ronito
got my tag in the OT
(05-16-2013, 05:15 AM)
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Come on, I couldn't have been the only one that read art as fart.
TEJ
Member
(05-16-2013, 05:15 AM)
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if I were mega rich i'd rather buy nude portraits of the golden girls over minimalistic paintings

because i could hang them around my billion dollar mansion and if anyone were to call me out on them I could say they just don't get it in an elitist and condescending way, and it would be a legitimate excuse because they wouldn't counter it.
jett
Member
(05-16-2013, 05:18 AM)
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Stupid people with too much money on their hands.
Devil Theory
Member
(05-16-2013, 05:24 AM)
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Originally Posted by xxracerxx

I would pay oodles of money for a Rothko.

Same.

I'd do anything to have a No. 14 in my home at all times.
RobotHaus
Member
(05-16-2013, 05:27 AM)
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No, but really, it's just a rich people way of waving their moneydicks around. "Look how much I can spend on terrible paintings!"

It's a shame they waste so much money on petty things like this and instead can't just donate a lot of it to people who actually need the resources.
Canon
Member
(05-16-2013, 05:28 AM)
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People with too much money and not enough taste.
not psycho
Member
(05-16-2013, 05:30 AM)
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There is photorealistic modern art too. Robert Bechtle's painting are pretty impressive in person:





I always liked this Pollock though:



Pollock's paintings can be distinguished from fakes by their fractal complexity. It isn't easy to get something to look like this. I think the complexity makes it so your mind creates patterns in it.

Rothko is harder to explain, but I have stood and stared at his work before, and would love to have one.


Having said that, I do think the money aspect of art is to a certain extent disconnected from quality. Not totally disconnected, but there are huge factors besides how good it is or even how much they like it, when it comes to paying these crazy sums.
Collete
Member
(05-16-2013, 05:32 AM)
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I wish people would buy my art since I make stuff like this on Artrage all the time...
But I usually scrap it. :(
Village
Member
(05-16-2013, 05:35 AM)
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it isnt just rich people, Or should I not even try and explain art. This is going to be of dem circle back pat threads.
Cat Party
Member
(05-16-2013, 05:36 AM)
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$40 mil is a lot for a work, but imagine what a masterpiece of french impressionism, for example, would get it if somehow one of them was for sale. I think part of the reason for the insane values Rothkos, etc. get is that the best or most desirable ones are still out there to be owned. There are Monets for sale out there, but they aren't the ones everyone knows about.

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