Piet Mondrian's painting Composition avec bleu, rouge, jaune et noir
This painting just sold at auction for 21.6 mil Euros (27.5 mil USD, 34.5 mil CAD), well over it’s estimate of 10 mil Euros. As a prelude to my post tomorrow, I wanted to know what you think of the painting itself.
Love it? Hate it? I’d like to hear what you have to say. All comments welcome.
Source:
Bloomberg: Saint Laurent Auction Defies Slump to Fetch Record $262 Million
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{ 4 comments… read them below or add one }
It’s kind of boring, but it’s worth whatever someone’s willing to pay. I think it’s indicative of severe mental retardation to pay that much for it, but the price is the price.
I’m tempted to get a canvas, paintbrush and ruler to recreate one and hang on my wall.
Is an idea for artwork worth over 20 million dollars? Because it certainly isn’t the work that went into it that earns that kind of money. But artwork always fetches more coin than what actually goes into it.
Hang this on a wall in a doctor’s waiting room, no one will think much of it. Hang it in a gallery and note the price tag, it’ll get a lot of attention.
You never know, maybe it was the artist’s great intention to show how beautifully dumb buyers are.
Shan, prices aren’t determined by how much a product or service costs the seller, but by how much a buyer is willing to pay. Here, a buyer is willing to pay 30 million dollars, so the price is 30 million dollars.