Thanks simpson96.
Posted on 11/16/2017 5:14:29 PM PST by simpson96
After the hammer went down on the staggering Leonardo da Vinci sale Wednesday night — $450.3 million dollars for a painting of disputed quality — it was difficult for the auctioneer and potential bidders to turn their attention to the other lots.
“The air sucked out of the room after that,” said Paul Gray, a partner at Richard Gray Gallery. “It was kind of hard to move on.”
And even into the next day, the art world continued to grapple with what seemed like a new landscape, with auction traditions upended and the ceiling suddenly limitless. Would this sale push up the entire market? Was the price unique, or a sign of things to come? And would auction houses now mimic Christie’s strategy, one that focused less on expertise and authentication, and more on branding and marketing?
In addition to trying to figure out who bought the painting, the art world was also dissecting the bidding war itself. Bidding that started with six buyers ricocheted at nosebleed prices for almost 20 minutes, with often staggering jumps in increments. Instead of moving the price up in modest multi-million-dollar amounts, the last offer was a throw-down — jumping to $400 million from $370 million — an aggressive strategy that won the buyer the painting and left onlookers incredulous.
(Excerpt) Read more at nytimes.com ...
Not if it is another DaVinci. They are priceless. His work is Fascinating. His portraits are like photographs only with more detail. Checkout the detail on the robe. Only DaVinci could do that.
This probably has more to do with rich Chicoms wanting to launder their billions than the beauty of a Da Vinci.
KRAMER: This is evolutionary. I been reading this
book, on Leonardo da Vinci. See, that means ‘from Vinci’, d’you know that?
JERRY: (deadpan) That must be some book.
I’m truly curious. Do you find that humorous?
P.T. Barnham and Leonardo are having a good laugh.
ONE painting sold for 150% of Steve Mnuchin’s entire net worth.
Thanks simpson96.
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