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except you can't do anything to enjoy equities hanging on your wall The buyers might not even get that benefit... there are billions of dollars worth of artwor
by joosters 9y ago
except you can't do anything to enjoy equities hanging on your wall
The buyers might not even get that benefit... there are billions of dollars worth of artworks sitting in storage in tax-efficient 'freeports':
https://www.economist.com/news/briefing/21590353-ever-more-wealth-being-parked-fancy-storage-facilities-some-customers-they-are https://www.economist.com/news/briefing/21590353-ever-more-w...
- speedplane 9y agoI doubt the buyer would do that with this piece. It's too expensive and one-of-a-kind to stash away. If you're buying artwork just as an investment to stash away, you'd probably buy many much smaller pieces rather than a headline grabbing one. I'd bet that this will be hanging in someone's billionaire's living room somewhere (hopefully behind some protective glass). These guys have egos. Saying you own the most expensive piece of artwork ever gets you something that money can't buy (even though you did buy it).
- rootlocus 9y ago> Saying you own the most expensive piece of artwork ever gets you something that money can't buy (even though you did buy it). "Saying you own the most expensive piece of artwork ever" is literary what money can buy.