Tradefair & Financials
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06 Feb 10
10:16
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Date Joined:
25 Dec 05
watch on the bbc this morning,and they were discussing the buying of that sculpture for 65 mill,and the bloke on tv said he cant think of anything like this thats gone down in value,also said there were 9 other identical pieces in the world the biggest price previously paid being 18 mill,surely any of the other 9 owners would accept anything between 25 mill and 6o mill for theirs,it said 2 bidders pushed the price up from 24 mill,so if 1 of these were to go skint ,have money troubles or even die surely you are left with a piece that only you are prepared to pay 50 mill more than anyone else for,this xant be considered an investment for the future
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Replies: 8
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They don't charge for full stops on here you know.
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Seen that
GIAOCMETTI Very Slim hohohohohohohoohho :) |
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Don't think somehow that it's ever going to be of any real concern to you Mr 1st time poster.
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no, but i wish i bought one for 18 million with my bonus
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as an art collector, it is the same as anything else you invest in
there's plenty of chaff out there that will remain chaff forever. if you're doing it for investment rather than something aesthetically pleasing then you really need to do your homework! |
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to make the question easier,as only the owner and 1 underbidder were prepared to pay the 65 million,it makes sense that the other exactly the same 9 arnt worth 65 mill,so therefore it cant be considered an investment
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i don't know where you've got this '9 exact same' from?
there's actually 6 numbered editions and 4 artist's proofs of the scultpure. the one that sold is number 2 and, i believe, the only privately owned of the edition of 6. the problem you have with the artist's proofs is that they're of unknown quality. sometimes, an artist will use the proofs as a process or experiment , ie - they can be different to the actual edition. typically, in printmaking, artist's proofs are worth a bit more because of their rarity (the usually comprise no more than 10% of the edition. ie - if edition is 100 prints you will usually find 10 AP's) and the association with the artist. that is, they owned it. i'm not entirely sure if this carries over into scultpure (not really my area) and in this case the artist's proofs are nearly the same as the full edition. it's also unlikely Giacometti owned all four himself. they were likely comped to the casters and/or his friends. personally, i'd want one of the editioned 6. though, having said that, i'd personally prefer one of his drawings |
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the bloke discussing it on tv said there were 10 exactly the same
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