When I see these prices...
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I find it hardly to accept that one who has amassed the fortune to be able to pay that can be so willing to get rid of their hard-earned money. Just doesn't fit. I suspect many of these stunts are rather done for tax purposes and the buyer does not really give a dime about the work, only the indirect benefits they will exact from the buy itself (and maybe later reselling). Or are so gullible as to be scammed by unscrupulous art dealers who prey on their greediness selling them "guaranteed value increasing art investments".
News like this one only compound it: whenever a journal publishes a note of "valuable item" (not just art) "discovered at a flea market for $1 and sold for $1M", there is a deluge of people asking everybody to value *for free* if their mold-eaten basement item so long ignored and despised is likely to make them filthy rich; and that is when people is not asking in every single social network for *free* advice on whether any item (not just art) is collectible and will this $1 investment today make *them* filthy rich in a few years, please?
Not to say there are not real, legit patrons of art, of course, but somehow, it is no wonder...
I can see how Banksy's shredded work can become an ageless icon worth preserving, reflecting the current stupidity and demise for actual art and the appreciation for the dynamic nature of performances, something we should always remember, but there is no denying either that some works have a limited value in spite of the prices they command.
And I know it is not polite and frown upon, but every time I see a "make me rich for free" message I feel the urge to ask "if you do not know, what makes you think anyone is gonna tell you instead of buying it and becoming rich themselves? If you wanna hit huge profit, invest in learning, a career in Art (or other items) trading or pay an expert".
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