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Post by godotwaits on May 2, 2012 22:28:12 GMT -5
sold for 119.9 million this evening.
Goodness!
Or maybe. Like Mae West would say... "Goodness had nothing to do with it.
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Post by omaha on May 2, 2012 22:50:42 GMT -5
I dropped out of the bidding at $175.
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Post by godotwaits on May 2, 2012 22:59:35 GMT -5
I applaud your wisdom...
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Post by Supertramp78 on May 2, 2012 23:06:44 GMT -5
I don't even like that painting.
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Post by Lonnie on May 3, 2012 5:47:57 GMT -5
Yeah, I noticed my avatar changed.
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Tamarack
Administrator
Ancient Citizen
Posts: 9,390
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Post by Tamarack on May 3, 2012 13:16:20 GMT -5
I understand that the proceeds of the sale are intended to fund an art museum.
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Post by Cornflake on May 3, 2012 14:56:19 GMT -5
I read in the Wall Street Journal that the art market has come to reflect a lot of things besides how valuable a piece of art is to the buyer. Some people see art as an investment that will withstand inflation. Some of the new rich in developing countries see owning a famous painting as a sign that they've arrived. Even if the actual buyer doesn't have such motivations, the presence of bidders who do drives up prices.
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Post by RickW on May 3, 2012 15:46:10 GMT -5
I love art. I like the painting. But $120 mil. Wow.
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