Wednesday, November 15, 2017

Art Appreciation

Approximate sales prices for a damaged, heavily restored painting now considered to be the work of Leonardo da Vinci:

1958
$125

2005
$10,000

2013
$80,000,000

2014
$127,500,000

2017
$450,000,000



Sources: Washington Post, The Wall Street Journal, The New York Times

2 comments:

Jim Gust said...

Love your "considered to be" language. So true.

This does not strike be as high quality art. Rather, it is $10,000 worth of art and $449,990,000 worth of provenance.

Attaching such a disproportionate value to provenance is a strong indicator of irrationality.

JLM said...

Art Bubble! Bitcoin bubble! Where will it all end?