This Is What $37 Million Will Buy You [Pic+]

Submitted by: SirSparticus 5 years ago in Weird

$37 Million was spent on a painting of what looks like something we all drew in nursery school. Art prices too high?
There are 40 comments:
Female 737
Look, I`m not a Miro fan, but the man was part of history and his work deserves a bit of credit. (Having said that, yes it looks like a kindergartener could have drawn it)
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Male 7,123
I doubt it was an individual who bought it, more likely a corporation or pension fund who will stick it in a bank vault.
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Male 1,083
some people just have too much money. they could have donated that money to something more helpful.
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Male 15,832
Economic Darwinism at work. Whoever bought that obviously didn`t earn the money. Perhaps now someone can put that worthless parasite`s inheritance to good use.
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Male 2,422
Postmodern theorem of art: lack of talent+(pretension*greed)=Art!
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Male 1,745
My question is how did the person who bought this manage to hang on to 37 million dollars long enough for this to go on sale?
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Male 46
DAMMIT! Why the HELL did I turn this into my kindergarten teacher. That BITCH!
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Male 1,048
I discovered recently that I am good at abstract art. it`s simple, draw a random line or 2, go outside smoke a fat blunt, come back go with the flow of the lines and you will amaze
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Male 25,416
And thats art... wow
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Male 4,793
AFK fingerpainting and making millions.
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Male 2,841
Prices are based on how much people think something is worth, not it`s actual worth.
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Male 5,413
I don`t get it.
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Male 656
Of course it is worth it. That`s why someone spent the money on it. It is sort of how markets work.
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Female 1,258
If I paint or draw something similar, can I get 37 million dollars too?
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Female 8,111
Not my taste- not a fan of a lot of abstract. There are a few paintings I will spend that kind of money on if I had it- just not this one.
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Male 14,331
Oh ya but gold is corrosion proof so it makes a beter contact. The point is it has uses this painting not really.
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Male 450
I think I scrubbed that same painting off the wall when I moved into my new place.
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Male 17,511
Joan Miro, it`s actually a rather famous painting in the art world.
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Male 2,703
Actually copper is a better electrical conductor than gold. (Silver being best)

I dunno...I`m not going to tell somebody how to spend their money but if it were me investing in art I think I`d find something that looks a little bit less like a four year old kid cut out some construction paper and stuck it on a blue sheet of paper and then scribbled with a black Crayola. (Whew that`s a long sentence.)
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Female 2,602
[quote]I see what you mean but at least gold makes an amazing electrical conductor[/quote]

So does copper, and there`s tonnes of that around.
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Male 14,331
@MacGuffin

I see what you mean but at least gold makes an amazing electrical conductor this painting just looks like crap.
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Male 40,189

Modern art is such a scam.
I could have painted that with my feet.
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Male 4,891
I could drink paint, squat over a canvas and come up with a better painting than this.
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Female 836
The Painted Word. Tom Wolfe. Read it.
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Male 7,123
I seriously doubt this was bought because the buyer liked it. It`s a gamble that it will increase in value.
MacGuffin, diamonds are probably the most egregious example of a wildly over-priced commodity. Even their rarity is an illusion.

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Female 2,602
[quote]Well that gold kinda helps give currency value. This well I`m just speechless how can I go about getting so much for such crap?[/quote]

They`re each just abstract commodities, though, imbued with value only by their rarity and an agreement between individuals that they can be exchanged later on for something else of more inherent value. Taken on their own, they`re each equally meaningless and of negligible intrinsic worth. If you were stuck in the middle of the Sahara desert with no way out, would you rather have: a million dollars, a cubic foot of gold, a crappy painting worth $37M, or a glass of water? We often lose sight of the fact that money is in itself an abstract concept of no inherent value, but there are whole economies that have learned to their cost that the agreed worth we place on it is only a widely-supported shared illusion.
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Male 5,182
There`s your trickle down economics in action.
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Male 3,060
That` dumber than a sack of hammers.
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Male 14,331
@MacGuffin

Well that gold kinda helps give currency value. This well I`m just speechless how can I go about getting so much for such crap?
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Female 2,602
[quote]That painting is worth more than my entire lifetime aggregated accumulated wealth, about 10 to 15 times over. This makes me seriously nauseous. The room is spinning... from all the rage.[/quote]

So is a cubic foot of the 24K gold held in Fort Knox: it`s worth nearly $28M (~548Kg @ ~$51k per Kg). Why should that annoy you any less than this? - they`re both just rare commodities used to represent monetary value.
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Male 687
i can have a seizure on a canvas for a lot less than that...i never understood why someone would pay millions of dollars for some crap
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Male 406
That painting is worth more than my entire lifetime aggregated accumulated wealth, about 10 to 15 times over. This makes me seriously nauseous. The room is spinning... from all the rage.
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Male 14,331
How do people so stupid get so much money?
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Male 5,626
"... for what turned out to be the scribbling of a child..."
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Female 2,602
It`s like any other form of currency you may care to consider - gold, banknotes or rare postage stamps - it has inherent value because of rarity, and/or its ability to have its provenance authenticated. When you look at the way some leading world currencies are heading, putting your money in art (even crappy art) that has agreed inherent value doesn`t seem so stupid as it might at first appear.
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Male 598
Did Koko the gorilla make this or sumthing?
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Male 1,735
Not sure who`s more retarded, the painter or the buyer. Can I still use that word?
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Male 6,737
No, people with too little taste have too much money. Simple as
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Female 1,743
The hell?
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Male 54
Link: This Is What $37 Million Will Buy You [Pic+] [Rate Link] - $37 Million was spent on a painting of what looks like something we all drew in nursery school. Art prices too high?
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