Thursday, February 9

Prices of Elizabeth Taylor's art collection auctioned creates confusion

Her father was a successful art dealer from whom  she inherit her taste for art.

Chirstie's is auctioning some of her belongings and it has reached the amount of $ 183 million dollars.
One of the items was the Van Gogh painting "Vue de l'asile et de la Chapelle de Remy" that reached $16 million dollars which creates some astonishment in some people.

It is not only in auctions that how much a work of art must cost is confuse. The art market is being done in mysterious ways for the last two decades.
The price of a work of art is not due to it's intrinsic values and for it's appreciation the price, or prices since it can be sold many times, has to be forgotten.

A portion of proceeds from the auction will be donated to the Elizabeth Taylor Aids Foundation which was founded by Lyz in 1993.


Mark p.s.2 said...

If it is a piece of art, and if it is the only one in existence in the world , it does drive up the yellow-metal/gold price . The world is made up of garbage and gold. Which is which is hard to tell sometimes ~ seeing what is in front of your face.

Mark p.s.2 said...

Art you can not see with the naked eye, so is it art?
LINK right-click open in new window

Ana said...

I don't know what happened but I found these comments at the spam box today.

They are mixing things by transforming art in a commodity.
As always money is destroying again.