by "pip bip - choose Corrour" (hhgttg69)
Published 05/19/2017 at 09:19
by "pip bip - choose Corrour" (hhgttg69)
Published 05/19/2017 at 09:19
Tags: night oppo
; Basquiat
STARS: 1
seriously how?!?
link:
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"PatBateman" (PatBateman)
05/19/2017 at 09:24, STARS: 4
Because someone paid $110MM for it, that’s why it’s worth that. The only underlying value to art is what multiple people will pay for it. Enough people drove up the price, and one person chose to drop NINE figures on it.
Good for the seller.
"CB" (jrcb)
05/19/2017 at 09:25, STARS: 2
Because art is subjective, and to some people, money is nothing.
"punkgoose17" (punkgoose17)
05/19/2017 at 09:26, STARS: 1
Because he was friends with Andy Warhol, and he died at 27. I don’t get Basquiat. I’d say this painting is worth $200-$300.
"vp917" (vp917)
05/19/2017 at 09:32, STARS: 1
Money laundering?
"facw" (facw)
05/19/2017 at 09:34, STARS: 1
Everything is worth what its purchaser will pay for it.
This sold at auction, so at least two people thought it was worth something around there.
It’s a good argument for decreasing income inequality though.
"DipodomysDeserti" (dipodomysdeserti)
05/19/2017 at 09:34, STARS: 1
It’s worth $110 million because someone was willing to pay $110 million.
I have a friend whose brother is a pretty successful artist (had a studio in both Milan and New York) and he basically told my wife if you charge a lot for something, it gives it value (basically that rich people think think things are worth a lot if someone is charging a lot for them). He is also a graffiti artist.
Basquiat is an extremely iconic artist, so it’s not like some rando’s painting sold for a stupid amount of money. They guy was selling painting for tens of thousands of dollars in the ‘80s when he was still alive.
"ttyymmnn" (ttyymmnn)
05/19/2017 at 09:35, STARS: 1
The value of something is based entirely on how much somebody is willing to pay for it. That doesn’t look like a Rembrandt or a Vermeer, but even still, I doubt you or I could paint anything remotely like it. Even Jackson Pollock’s dribblings were done with a purpose that you or I couldn’t replicate. And you have to put the painting into the context of Basquiat’s life, particularly when and where he was doing his work. Check out what Wiki has to say about him:
Jean-Michel Basquiat December 22, 1960 – August 12, 1988) was an American artist. Born in Brooklyn to a Haitian father and Puerto Rican mother, Basquiat first achieved fame as part of SAMO© , an informal graffiti duo who wrote enigmatic epigrams in the cultural hotbed of the Lower East Side of Manhattan during the late 1970s where the hip hop , post-punk , and street art movements had coalesced. By the 1980s, he was exhibiting his neo-expressionist paintings in galleries and museums internationally. The Whitney Museum of American Art held a retrospective of his art in 1992.
Basquiat’s art focused on “suggestive dichotomies ”, such as wealth versus poverty, integration versus segregation, and inner versus outer experience. He appropriated poetry, drawing, and painting, and married text and image, abstraction , figuration , and historical information mixed with contemporary critique.
Basquiat used social commentary in his paintings as a “springboard to deeper truths about the individual”, as well as attacks on power structures and systems of racism, while his poetics were acutely political and direct in their criticism of colonialism and support for class struggle . He died of a heroin overdose at his art studio at age 27 .
Now, I believe that there is a lot of art critic mumbo jumbo in that, and I often wonder if artists were consciously doing all the things that later generations say they were. Maybe Basquiat was just painting, and others ascribed all these things to his work. But he did paint about racial and societal issues at a very important time in our history, and his work was recognized by the likes of Andy Warhol.
I fully believe that a work of art doesn’t have to be “pretty,” and I put that word in quotations because everybody’s idea of pretty is different. But the very fact that we are talking about the work means that it is effective. Personally, I think it is powerful. Would I hang it on my wall? Nope. I believe that anybody outside of a museum who would pay $110m for a painting is more interested in saying that he owns it than in really enjoying it.
"EL_ULY" (uly)
05/19/2017 at 09:41, STARS: 0
is this the same artist?
"pip bip - choose Corrour" (hhgttg69)
05/19/2017 at 09:42, STARS: 0
could be, could be.
"fintail" (fintail)
05/19/2017 at 09:44, STARS: 0
Supply and demand. If there’s one item and two insanely rich and egoistic people want it, the sky is the limit.
It’d be interesting to know more about the buyers. All on the up and up for sure.
"Ash78, voting early and often" (ash78)
05/19/2017 at 09:45, STARS: 1
You get props from Macklemore in a song, suddenly you’re rich. Well, dead, but rich.
"Steve is equipped with Electronic Fool Injection" (itsalwayssteve)
05/19/2017 at 10:00, STARS: 1
“Believe it or not, I can actually draw.”
-Jean-Michel Basquiat
"davesaddiction @ opposite-lock.com" (davesaddiction)
05/19/2017 at 10:52, STARS: 0
Have you watched “Exit Through the Gift Shop”?
"davesaddiction @ opposite-lock.com" (davesaddiction)
05/19/2017 at 10:53, STARS: 0
Have you watched “Exit Through the Gift Shop”?
"ttyymmnn" (ttyymmnn)
05/19/2017 at 11:14, STARS: 0
I have not.
"XC99TF00" (XC99TF00)
05/19/2017 at 11:14, STARS: 0
Probably is. Some of his other work is at The Broad in LA.
http://www.thebroad.org/art/jean%E2%80%90michel-basquiat
"davesaddiction @ opposite-lock.com" (davesaddiction)
05/19/2017 at 11:27, STARS: 1
Highly recommended.
"AfromanGTO" (afromangto)
05/19/2017 at 11:35, STARS: 0
A dead artist known for something, and wasn’t respected enough during his life. Now art worth money.
"AuthiCooper1300" (rexrod)
05/19/2017 at 12:17, STARS: 0
I think the problem is not the intrinsic value of the painting (please let’s not get into that), but the fact that nowadays art is mostly considered an
investment.
I think everybody will agree that, say, a Titian or a Holbein or a Goya are
priceless,
or
invaluable,
according to the original meaning of both words, because of what they mean to our (admittedly Western, Euro-centric) culture, civilisation and whatnot.
But now art is a
commodity,
and that pushes up the prices of everything that can even remotely be labelled as “art”. Which means that its
market value
can reach truly stratospheric heights.
The greatest irony (or tragedy) is that wonderful pieces of art are kept in bank vaults in Switzerland (for instance) – as if they were Apple Corp shares, just waiting for their price to go up and up. Thus, their value
as art
is actually zero (even if they are a Titian, a Holbein or a Goya) because nobody, not even their owners (sometimes corporations or syndicates, not even individuals) can look at them (i.e. enjoy them).
Think of it in terms of prices for Porsche 356 Speedsters, or vintage Ferraris or any Bugattis and surely you’ll get my drift.
"Frank Grimes" (FrankGrimes)
05/19/2017 at 18:59, STARS: 0
I bet you are one of those people who thinks they could paint a jackson pollock.