Couple of hundred grand on a baseball card?

[Tom S.]

Hard to believe that painting went for as much as it did. I thought I had read somewhere that the fine art market had flattened out.

[Bicem]

Originally Posted by Tom S.

Hard to believe that painting went for as much as it did. I thought I had read somewhere that the fine art market had flattened out.

*mic drop*

[JustinD]

This is my other love and I can tell you these prices on anything in the Pop Movement will become the norm for coming future.

The Gen X collectors started embracing this as they became more monied and the Millennials jumped on. I was lucky enough to grab a Robert Dowd study two years ago for a pittance at an auction house as they strangely put it in a philatelic auction. I have been offered 10 times the purchase price already and I am holding.

Found a poorly listed Robert Broner signed circuit print on eBay just a few months ago. An accidental find of an artist featured in The Met and MoMA is great fun. The finds are out there if you know what to look for.

[Rhotchkiss]

Originally Posted by JustinD

This is my other love and I can tell you these prices on anything in the Pop Movement will become the norm for coming future.

The Gen X collectors started embracing this as they became more monied and the Millennials jumped on. I was lucky enough to grab a Robert Dowd study two years ago for a pittance at an auction house as they strangely put it in a philatelic auction. I have been offered 10 times the purchase price already and I am holding.

Found a poorly listed Robert Broner signed circuit print on eBay just a few months ago. An accidental find of an artist featured in The Met and MoMA is something else. The finds are out there if you know what to look for.

I too collect art -- only original oils and more bc I love the picture than for appreciation (I bet 90% of my 200+ originals are worth no more than 20% of what I paid for them, with a few home runs thrown in). I don't understand Pop art at all... And while Basquait is iconic, I dont understand how his work brings those price tags when compared to Rockwell, let alone some of the old impressionists.

To me, the value of pop art is akin to modern cards vs pre-war cards - I just dont get it. I have digested but still dont really understand why/how a 52 Topps Mantle 3 is worth more than a T206 Speaker Drum back PSA 1, the latter of which is basically non-existent and the former of which are all over the place. Just saying....

Regarding art -- be careful. Its more ruthless than cards, and they have their share of painting doctors, bid shillers and all around frauds. The one thing we have that the art world does not is good'ol Battlefield!!

[JustinD]

Originally Posted by Rhotchkiss

I don't understand Pop art at all... And while Basquait is iconic, I dont understand how his work brings those price tags when compared to Rockwell, let alone some of the old impressionists.

I have mostly always collected pop and lowbrow as that is what I like to surround myself with at home. I am a museum junky and am gifted enough to have amazing collections of the masters easily accessible nearby for my appreciation. Being able to see Renoir and Monet originals on my lunch break if wanted is pretty darn nice.

This hobby started a little over 20 years ago, so I have made most of the mistakes already much like we all did in cards as well, lol. My cards just had around a 15 year head start to clear most of the screw ups

[packs]

It was just two guys bidding against each other. A perfect storm for auctioneers. The buyer will never recoup half of what he paid.

[rjackson44]

great buy ..60 million was the estimate ,so much for that ,,

[LEHR]

Originally Posted by packs

The buyer will never recoup half of what he paid.

I'd personally completely disagree with this. If you follow that art market there have been multiple new records set at every big art auction for the last 12-18 months. The market is on fire for the big, hip and trendy names. This sale will only fuel the desire for this artists work and there are many people out there with more money then common sense.

Just my two cents.

[Gradedcardman]

Originally Posted by packs

It was just two guys bidding against each other. A perfect storm for auctioneers. The buyer will never recoup half of what he paid.

And we are assuming that either of the bidders care about what they sell it for in the future ?

[Stonepony]

Originally Posted by Tom S.

Hard to believe that painting went for as much as it did. I thought I had read somewhere that the fine art market had flattened out.

Now that's funny!!!

[pokerplyr80]

I agree. The first post that actually made me laugh out loud in a while. Well done.

[AGuinness]

From the NYT article on the sale: “Sotheby’s had a lot more works in the middle range round $5 million to $10 million that appealed to the market.”

That's quite the middle range for paintings.