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Here is an interview with Japanese billionaire Yusaku Maezawa, the buyer of the $110M Basquiat painting, who watched the sale on his laptop and bid by telephone from his apartment in Japan. What I glean from this article by Motoko Rich and … More… I found this very amusing and educational. The Royal Academy of Arts has produced step-by-step instructions (and a video) on how to create: multiple masterpiece spin art paintings (at some point we really need to examine how people are using the term ‘masterpiece’). … More… The Tax Implications From The Basquiat SaleMay 25, 2017 I am sure this is a problem most of us would love to be facing … a profit of $85 million and the taxes we will have to pay. There is a big assumption here: an 2009 estate valuation of $13.5M … More… Dealer Perry Rubenstein cuts plea bargainMay 23, 2017 We reported on this case last year and now it seems that disgraced art dealer Perry Rubenstein has taken responsibility for his dishonest acts. While this wasn’t a violent crime, I am still wondering if 180 days in a … More… Antique clock worth $425K stolen from Chicago ShowMay 22, 2017 Word spread quickly across the exhibition floor that someone, or some persons, made off with an antique clock from one of the exhibitors at the show we attended this past weekend. The item, valued at $425,000, was in a display case in … More… The Young & The Worth….May 20, 2017 We are big supporters of young artists and have put our money where our mouth is; however, these graduating artists are a pretty risky ‘investment’ (if you must use that word). While a few might make it big, I would bet that … More… Basquiat Takes The LeadMay 19, 2017 It did not take long for the name of the $110M buyer to surface … Japanese billionaire Yusaku Maezawa. He posted a picture of himself with the painting on Instagram shortly after the sale. It now appears that Basquiat is the … More… |
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