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A Scream Worth $119,922,500

Tyler Durden's picture





 

If Munch's Scream was a public company, its stock would be limit up now, because contrary to expectations of it selling at a just concluded auction in Sotheby's for $80 million, the painting just slammed all expectations (except LaVorgna's we are told), selling at a record $119,922,500 (that's $119.9 million... for a made in 1895, 36" x 28.9" painting). This makes it the highest amount of money ever spent for an artwork, with only Picasso's "Boy With a Pipe" and Giacometti's "Walking Man I" selling for more than $100 million in the past. That said, in real terms and assuming 2% annual inflation, the Picasso painting which sold for $104 million in 2004, would now be worth over $120 Million in nominal terms so once again we get into the whole nominal, real debate. It is unknown if some high freak algo went berserk and kept lifting the offer, confused that this is the travesty formerly known as the stock market (although certainly keep an eye out for strange screaming artwork in the GETCO offices) nor is the buyer, but one thing that is certain: it would take the average American 4,548.9 years, earning the 2010 Median Salary of $26,363.55 to be able to purchase the painting. And some wonder why there is a bit of a social divide in the world... As to whether a painting will be considered money by the Charmin' Chairman, well, we will have to wait and see.

From AP:

One of the art world's most recognizable images - Edvard Munch's "The Scream" - sold Wednesday for a record $119,922,500 at auction in New York City.

 

The 1895 artwork - a modern symbol of human anxiety - was sold at Sotheby's. The price includes the buyer's premium.

 

The image of a man holding his head and screaming under a streaked, blood-red sky is one of four versions by the Norwegian expressionist painter. The auctioned piece at Sotheby's is the only one left in private hands.

 

The previous record for an artwork sold at auction was $106.5 million for Picasso's "Nude, Green Leaves, and Bust," sold by Christie's in 2010.

 

The image has become part of pop culture, "used by everyone from Warhol to Hollywood to cartoons to teacups and T-shirts," said Michael Frahm of the London-based art advisory service firm Frahm Ltd.

 

"Together with the Mona Lisa, it's the most famous and recognized image in art history," he added.

 

Sotheby's said its pastel-on-board version of "The Scream" is the most colorful and vibrant of the four and the only version whose frame was hand-painted by the artist to include his poem, detailing the work's inspiration.

 

In the poem, Munch described himself "shivering with anxiety" and said he felt "the great scream in nature."

 

Norwegian businessman Petter Olsen, whose father was a friend and patron of the artist, said he sold the piece because he felt "the moment has come to offer the rest of the world the chance to own and appreciate this remarkable work."

 

Proceeds from the sale will go toward the establishment of a new museum, art center and hotel in Hvitsten, Norway, where Olsen's father and Munch were neighbors.

 

The director of the National Museum in Oslo, Audun Eckhoff, says Norwegian authorities approved the Munch sale since the other versions of the composition are in Norwegian museums. One version is owned by the National Museum and two others by the Munch Museum, also in Oslo.

 

Sotheby's said a total of eight works have sold for $80 million or more at auction.

 

Only two other works besides Picasso's "Nude, Green Leaves, and Bust" have sold for more than $100 million at auction. Those are Picasso's "Boy With a Pipe (The Young Apprentice)" for $104.1 million in 2004 and Alberto Giacometti's "Walking Man I" for $104.3 million in 2010.

 


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Wed, 05/02/2012 - 20:39 | Link to Comment Coke and Hookers
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Any news on who the buyer is?

Wed, 05/02/2012 - 20:48 | Link to Comment navy62802
navy62802's picture

Wouldn't surprise me if it turned out to be Blankfein. He pisses $100 million every morning when he wakes up.

Wed, 05/02/2012 - 20:53 | Link to Comment fnord88
fnord88's picture

It's a real asset though. One of a kind. Even gold cant say that, as a cubic kilometer of ocean contains more gold than has ever been mined. 

Wed, 05/02/2012 - 20:58 | Link to Comment Azwethinkweiz
Azwethinkweiz's picture

Yeah, but throw a painting in a bucket of that same ocean water and see if it'll still hold it's intrinsic value when you fetch it in the morning.

Wed, 05/02/2012 - 21:04 | Link to Comment Troll Magnet
Troll Magnet's picture

but but but...can you eat it?

Wed, 05/02/2012 - 21:11 | Link to Comment A Nanny Moose
A Nanny Moose's picture

You can burn it (painting) for warmth.

Wed, 05/02/2012 - 21:46 | Link to Comment AldousHuxley
AldousHuxley's picture

price does not reflect utility for consumer goods

price reflects meaning of perceived exclusivity and status value

The painting is basically screaming "I'm rich biatch"

 

beyond basic necessities, man kind labors for social status which can be traded in for power.

 

 

 

Wed, 05/02/2012 - 21:50 | Link to Comment Id fight Gandhi
Id fight Gandhi's picture

So would this be a Veblen good or a giffen good?

Thu, 05/03/2012 - 08:22 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Damn this thing looks good behind my desk - Ben Shalom Bernanke

Wed, 05/02/2012 - 22:08 | Link to Comment A_S
A_S's picture

you also have decent people

Thu, 05/03/2012 - 04:10 | Link to Comment The Proletariat
The Proletariat's picture

From the article:  "This makes it the highest amount of money ever spent for an artwork".....

I thought money was a store of wealth or value?

So it should say:  This makes it the highest dollar amount ever spent for an artwork.  

#indoctrination

Thu, 05/03/2012 - 07:01 | Link to Comment neidermeyer
neidermeyer's picture

Worthless to me ... you can put a bad image of it from the web in front of a Chinese painting factory crew (the kind that "manufactures" the art you buy at the mall stores) and get hundreds of acceptable copies per hour... The better artists in the group may even be able to make a copy that would fool the casual art enthusiast at a party. 

Thu, 05/03/2012 - 08:35 | Link to Comment Blankman
Blankman's picture

"Worthless to me"

 

Not really the point.  The dollar amount it sold for is irrelevant, meant to make you and I feel "them rich bastards did it again to us, get em..."  

 

Really great art such as this is meant to make you feel, plain and simple.  That is why this particular piece is used everywhere.  You see it with your eyes, but deep inside your soul also can "see" truly great art.  Something in you stirs, try to listen to that stirring.  It is that part of our mental make up that TV, movies, sports, politics, etc drive out of us.  We should be focusing on the reawakening of our souls if we want to have better lives and yes great art (music, paintings, words, nature) can help to do this. 

Wed, 05/02/2012 - 21:10 | Link to Comment navy62802
navy62802's picture

So is the Honus Wagner T206 baseball card. Doesn't mean I'm going to pay $2.8 million for it.

Wed, 05/02/2012 - 22:03 | Link to Comment Gully Foyle
Gully Foyle's picture

fnord88

Yep, FOFOA llisted Art/Wine/Classic Cars/Real estate/Metals as assets which retain value.

SCREAM was missing for two years.

Funny if it were a countrefiet that was sold.

http://news.bbc.co.uk/2/hi/europe/3588282.stm

Sunday, 22 August 2004

Scream stolen from Norway museum

http://news.bbc.co.uk/2/hi/entertainment/5303200.stm

Thursday, 31 August 2006

Stolen Munch paintings found safe


Munch painted a number of versions of The Scream

Two masterpieces by artist Edvard Munch have been recovered two years after they were stolen from an Oslo museum.

The Scream and Madonna were found in a police operation. "We are 100% certain they are the originals. The damage was much less than feared," police said.

They had been missing since two armed men ripped them from the wall and threatened staff at the Munch Museum in the Norwegian capital in August 2004.

Thu, 05/03/2012 - 00:03 | Link to Comment palmereldritch
palmereldritch's picture

An unknown counterfeit flamboyantly priced in real counterfeits? That would be a scream

Thu, 05/03/2012 - 04:38 | Link to Comment Haddock
Haddock's picture

Different version - this one has been held by a Norwegian shipping family for generations

Wed, 05/02/2012 - 22:16 | Link to Comment crawldaddy
crawldaddy's picture

only is certain stable economies, in time of war, its just turns into spoils for whoever has the biggest gun.

During WW2, these type paintings neither fed a family, nor protected it.

Wed, 05/02/2012 - 22:13 | Link to Comment monkeyboy
monkeyboy's picture

Peak Painting!

Wed, 05/02/2012 - 21:36 | Link to Comment LongSoupLine
LongSoupLine's picture

I don't know who the buyer is, but I want royalties 'cause that painting is of me after I saw the latest US debt figures.

Thu, 05/03/2012 - 00:55 | Link to Comment wandstrasse
wandstrasse's picture

the screaming face was NOT inspired by you, it was Munch himself, anticipating that some plutocrat ponzi overlord will spend a ludicrous sum for one of his paintings.

Wed, 05/02/2012 - 21:29 | Link to Comment WhackoWarner
WhackoWarner's picture

Let us hope that the buyer was appreciative of the art he/she purchased. I am a painter. This is one of the most definitive images existing today. Look at the painting and not at the price.

This image says many things about the state of mind of many people today/the day it was painted and much further about society in general as to how the "masses" feel.

This painting is priceless although not especially pretty. Society today is not exactly pretty either.

 

artwork like this should be in a museum setting. not private hands.

 

Wed, 05/02/2012 - 21:31 | Link to Comment CH1
CH1's picture

Were it not that a bigger sucker would pay more for it, I wouldn't pay a hundred bucks for that, or put it on my wall.

Thu, 05/03/2012 - 00:45 | Link to Comment CvlDobd
CvlDobd's picture

"It belongs in a museum!"

Wed, 05/02/2012 - 21:32 | Link to Comment RafterManFMJ
RafterManFMJ's picture

Any news on who the buyer is?

 

Actually, I am. Cleverly, I put a post-dated check on it for Jan. 2 2014, when I should be earning 400 million dollars per hour.  I'm also trying to take Exxon private the same way.

Wed, 05/02/2012 - 21:47 | Link to Comment hidingfromhelis
hidingfromhelis's picture

I didn't do it.  Nobody saw me.  There's no way you can prove anything.

http://www.youtube.com/watch?v=WTbgsoHDc24

Wed, 05/02/2012 - 21:37 | Link to Comment Max Fischer
Max Fischer's picture

 

 

The Al Thani family of Qatar is the buyer.

MF

Wed, 05/02/2012 - 22:06 | Link to Comment ACP
ACP's picture

No matter, I just found the 5th version in my closet! Bidding starts at $150,000,000!!!

Wed, 05/02/2012 - 23:50 | Link to Comment Agent P
Agent P's picture

I just found a print in the gift shop.  Bidding starts at $19.95

Wed, 05/02/2012 - 22:17 | Link to Comment monkeyboy
monkeyboy's picture

Peak Painting!

Wed, 05/02/2012 - 23:11 | Link to Comment vast-dom
vast-dom's picture

while i realize that this painting in canonical and considered important, i've always considered it B-grade at best. The worst Francis Bacon painting puts this thing to shame. But hey, Green Mountain roasts some fine coffee bean.

Wed, 05/02/2012 - 20:39 | Link to Comment SHEEPFUKKER
SHEEPFUKKER's picture

Will the buyer take delivery or just keep it in a bankster vault somewhere?

Wed, 05/02/2012 - 20:44 | Link to Comment A Nanny Moose
A Nanny Moose's picture

If you can't hold it...

Wed, 05/02/2012 - 21:25 | Link to Comment TheFourthStooge-ing
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.

Will the buyer take delivery or just keep it in a bankster vault somewhere?

It's already been rehypothecated via several ETFs, all based in the City of London, of course.

 

Wed, 05/02/2012 - 22:42 | Link to Comment Angus McHugepenis
Angus McHugepenis's picture

Neither... he's trying to "hook up" with Mona Lisa to see if the 2 paintings will fuck and produce another $100 million offspring.

The new painting will be called Screaming and Monaing.

Wed, 05/02/2012 - 20:40 | Link to Comment HedgeAccordingly
HedgeAccordingly's picture

Wild... the art market is one that has always fascinated me in it's ability to transcend all other economic disparity. wonder what the value of the hopper piece 'nighthawks' would be - http://tradeforprof.it 

Wed, 05/02/2012 - 21:06 | Link to Comment CPL
CPL's picture

Shows how worthless paper money truely is.  While a showcase in an art movement, there are three year olds that eat paste developing similar art styles.

Wed, 05/02/2012 - 21:35 | Link to Comment WhackoWarner
WhackoWarner's picture

Culture is beyond money.  This is, if you see the painting and not the money, a cry from the soul of the artist. Put a Bernanke price on human anguish?

Wed, 05/02/2012 - 21:38 | Link to Comment CH1
CH1's picture

The art business is insane. Degenerate artists are rewarded, because they are degenerate. Real artists are ignored.

That said, it allows those of us who aren't interested in impressing idiots to get great deals on the good stuff.

Wed, 05/02/2012 - 21:57 | Link to Comment RafterManFMJ
RafterManFMJ's picture

True. I was planning on taking a taco shit on a crucifix in a jar and retiring on the proceeds, but sadly it's already been done.  Hey, I gotsa question for all you TUFF GUYS with ideas like 'Piss Christ'... why don't you pull that stuff but substitue Muhammad?

OOOOooooo why that would never fly, would it? And Hell, that would not sell, nor would it tear down the classical liberalism of the West, right?  And some day, Allah Allah OxenFree would incinerate you...cannot have any edgy art that is actually...edgy, can we? Nope.

My first performance art will be, should the opportunity arise, spitting in a Bankster's face.  I promise prints will be reasonably priced.

Wed, 05/02/2012 - 22:26 | Link to Comment Uber Vandal
Uber Vandal's picture

I am very confident that many artists were considered degenerate in their contemporary time, or by a government led by a painter who was not let into the Vienna Academy of Art, and later hailed as genius.

 

 

 

Wed, 05/02/2012 - 20:44 | Link to Comment fonzannoon
fonzannoon's picture

Bernanke bought it. The word is he was intoxicated and noisily eating a bag of potato chips while laughing a strange crazy laugh and just kept screaming higher and higher bids even when everyone else stopped. Eventually he stopped at his final bid, looked around the room and said "It's all good, I got this" and then fell asleep while still chewing.

Wed, 05/02/2012 - 20:44 | Link to Comment A Nanny Moose
A Nanny Moose's picture

Phat Phinger

Wed, 05/02/2012 - 20:44 | Link to Comment Thomas
Thomas's picture

We've got the the second (of two) Walking Man sculptures in our campus museum. It has a broken leg; some lady fell on it. 

Wed, 05/02/2012 - 23:18 | Link to Comment Acorn10012
Acorn10012's picture

Are those Thomas' english muffins under the wifebeater?

Wed, 05/02/2012 - 20:45 | Link to Comment Seasmoke
Seasmoke's picture

YUPPPPPPPPPPPPPPPPPPPP !

Wed, 05/02/2012 - 20:46 | Link to Comment cherry picker
cherry picker's picture

Ludricous is the term that floats in my mind.

Every time masses of people start to suffer or suffer, others do things like this and leaves one wondering what ever became of sanity in this life, if sanity even exists.

Wed, 05/02/2012 - 22:00 | Link to Comment RafterManFMJ
RafterManFMJ's picture

I thought the same damn thing! Ludacris.

 

Yeek yeek woop woop! why you all in my ear?! 
Talking a whole bunch of shit
That I ain't trying to hear! 
Get back motherfucker! You don't know me like that! 

Wed, 05/02/2012 - 20:47 | Link to Comment ziggy59
ziggy59's picture

Is it taxable? That's a lot of revenue for NYC.. Cripes I would have to pay almost a third in taxes if I won a large lottery...unless my name is GE, AAPL, Stephen King, etc..

Wed, 05/02/2012 - 20:49 | Link to Comment bob_dabolina
bob_dabolina's picture

Who is JLong?

Why is his painting so exceptional?

Wed, 05/02/2012 - 21:38 | Link to Comment WhackoWarner
WhackoWarner's picture

Look at the image for a bit.

Most people buy art to match their couch. That is not what an artist does. That is what the ad department does.

 

This image is exceptional because it conveys a part of the "hidden" human condition. It is madness at the continuance of the "norm"

Wed, 05/02/2012 - 23:42 | Link to Comment bob_dabolina
bob_dabolina's picture

Yea....

The "jlong" in the bottom right corner threw me for a loop.

My bad.

Wed, 05/02/2012 - 20:49 | Link to Comment buzzsaw99
buzzsaw99's picture

clownbux for a crappy painting. :yawn:

Wed, 05/02/2012 - 20:52 | Link to Comment Yen Cross
Yen Cross's picture

OK/ I'll read this " Guest Post".  Paragraphs and sentence structure, come to mind.

                                                 A noun,plus a, verb; ( pro-noun/ajective), adj; conjunction/ E-BANKSTAS?

   I love all " Mispells"!

Wed, 05/02/2012 - 20:53 | Link to Comment bob_dabolina
bob_dabolina's picture

Whoever bought this painting has had a panic attack.

I feel you.

THAT SHIT SUCKS. FUCK panic attacks.

Wed, 05/02/2012 - 20:57 | Link to Comment Yen Cross
Yen Cross's picture

 Just like you hate San Diego?  San Diego is the ( http://en.wikipedia.org/wiki/Cul-de-sac ) of business.

Wed, 05/02/2012 - 21:00 | Link to Comment bob_dabolina
bob_dabolina's picture

Stalker...ew who are you?

Wed, 05/02/2012 - 21:05 | Link to Comment Bay of Pigs
Bay of Pigs's picture

bob, my ZHC isnt working very well. You having any issues?

Wed, 05/02/2012 - 21:08 | Link to Comment bob_dabolina
bob_dabolina's picture

If I ignored you, my apologies.

Wed, 05/02/2012 - 21:07 | Link to Comment Yen Cross
Yen Cross's picture

  Bob you're killing me.  San Diego is the  ( cul-de-sac) of the world. 

     You don't know me Bob. Relax.

Wed, 05/02/2012 - 21:10 | Link to Comment bob_dabolina
bob_dabolina's picture

Thank god. I thought you were stalking me.

Wed, 05/02/2012 - 20:53 | Link to Comment ThisIsBob
ThisIsBob's picture

Proceeds of the sale are going to get spent.  More jobs  than if the damn thing just kept hanging on the guy's wall.

Wed, 05/02/2012 - 20:55 | Link to Comment krispkritter
krispkritter's picture

They say Justice is blind...I'm thinking 'art collectors' have taken over that 'market'. Because, as we all know, there ain't no justice where money is concerned and you'd have to be blind, dumb, and rich to spend this kind of money on THAT...

Wed, 05/02/2012 - 20:55 | Link to Comment LetThemEatRand
LetThemEatRand's picture

"Americans, while occasionally willing to be serfs, have always been obstinate about being peasantry."

Wed, 05/02/2012 - 20:55 | Link to Comment junkyardjack
junkyardjack's picture

Chinese, bullish

Wed, 05/02/2012 - 21:02 | Link to Comment Yen Cross
Yen Cross's picture

 The ( yuan ) curve widening is nothing more than ( internal /banking regulatory dilusion!)

Wed, 05/02/2012 - 20:57 | Link to Comment kedi
kedi's picture

Rename it, "Glimpsing Reality".

Wed, 05/02/2012 - 21:04 | Link to Comment Yen Cross
Yen Cross's picture

 Simplicity Rules!

Wed, 05/02/2012 - 21:57 | Link to Comment SpeakerFTD
SpeakerFTD's picture

Or  "Long Green Mountain" 

Wed, 05/02/2012 - 21:04 | Link to Comment nmewn
nmewn's picture

"Missed it by that much."-Maxwell Smart

Wed, 05/02/2012 - 21:09 | Link to Comment Yen Cross
Yen Cross's picture

 Any Suggestions? I noticed some " reserves" being called up.

Wed, 05/02/2012 - 21:22 | Link to Comment nmewn
nmewn's picture

Any suggestions from me would be done under the Cone of Silence ;-)

Wed, 05/02/2012 - 21:45 | Link to Comment Yen Cross
Yen Cross's picture

 {Point taken} Just like the massive loss, I just took.

  Squaring my trades, before the summer.

Wed, 05/02/2012 - 21:09 | Link to Comment Dr. Gonzo
Dr. Gonzo's picture

Wrong. Gustav Klimpt's Portrait of Adele Block Bauer I sold for 135 million in 2006 or 07. Also he was a much better artist than Munch and his images were much more compelling and beautiful and probably worth it if you have that kind of  coin IMHO. Shit when oil is $10,000 a bbl it will be money very well spent. I never did like this painting. It's just a famous image that everyone recognizes. That's what give's it it's stupid value. 

Wed, 05/02/2012 - 21:17 | Link to Comment streetcrawler
streetcrawler's picture

You're both wrong: http://en.wikipedia.org/wiki/Most_expensive_painting

Klimpt's stuff is a lot better, though, you are right about that.

Wed, 05/02/2012 - 21:30 | Link to Comment palmereldritch
Wed, 05/02/2012 - 21:37 | Link to Comment Dr. Gonzo
Dr. Gonzo's picture

Nope. I'm still right. We're not talking inflation adjusted dollars we are talking about real dollars being plunked down. Da Vinci is far down on my list of favorite painters. Van Eyck is number 1 in my book and his stuff would fetch mega coin if it ever came for sale. Check out this painting. I had a life size 6 x 5 foot oil replica painted for my crib. No bullshit.   http://en.wikipedia.org/wiki/File:La_Madone_au_Chanoine_Van_der_Paele.jpg Van der Waden was the man too. 

Wed, 05/02/2012 - 22:28 | Link to Comment Angus McHugepenis
Angus McHugepenis's picture

Rodney Dangerfield in a scene from the movie "Back to School" during a party at his house (wife played by Adrienne Barbeau).

Guest: "Your wife was just showing us her Klimpt"

Rodney: "What, you too"?!

The way to a woman's heart is through her Klimpt.

Wed, 05/02/2012 - 21:45 | Link to Comment WhackoWarner
WhackoWarner's picture

I strongly disagree.

 

Pretty does not necessarily express truth. Klimpt I adore. Munch was expressing visually an idea that I hear voiced here daily.  Lokk at this before you say " I don't like it. It does not match my decor". Since when is pretty the only accepted expression? Your viewa are shallow in the sense that if the image makes you uncomfortable, if it is not pretty, then the artist is not worth it.  Come on.

Wed, 05/02/2012 - 21:51 | Link to Comment WhackoWarner
WhackoWarner's picture

This painting; this image; this artist did not intend for his work to make yoyu feel comfortable or to match your curtains and walls.  Happy ignorance is bliss day. Perhaps puppies playing poker is up this blog's alley?

Wed, 05/02/2012 - 22:29 | Link to Comment Dr. Gonzo
Dr. Gonzo's picture

Piss off you dumb shit. Most people buy art to admire and display and because it's pleasing to them and evokes emotions that they want to feel or causes them to wonder what the artist was trying to convey. People in general don't by gastly horid things to hang in their house. I have never cared for this painting. I don't deny it's famous or important and for a couple hundred bucks you can have the this cliche copied and hanging in your home and you can look at it every day. Let me guess. You're a tortured artist who never sold a painting but not because your horrible because the public just doesn't have any taste. 

Wed, 05/02/2012 - 22:44 | Link to Comment WonderDawg
WonderDawg's picture

I disagree. True art connisseurs (sp?) buy art because it moves them in some visceral, sublime way. And as you say, it evokes emotions, but not all emotions are happy or pleasant, and it doesn't mean they don't satisfy the desire to relate.

Wed, 05/02/2012 - 23:04 | Link to Comment Dr. Gonzo
Dr. Gonzo's picture

Well. This painting evokes in me on the viceral level the urgency of getting to a toilette for an emergency release of diarrhea. Plus it's among the most simple of famous works and worse it's become a cliche. You could show it to any hoople head in America and they would know the title of it. That doesn't make it great. It just makes it a famous recognizible image. 

Thu, 05/03/2012 - 02:34 | Link to Comment Cathartes Aura
Cathartes Aura's picture

not to be pedantic, but after reading "Klimpt" in a few posts, I had to say. . .

it's Gustav Klimt.

http://en.wikipedia.org/wiki/File:Gustav_Klimt_046.jpg

big fan of his style / work - and love his fellow Austrian (via New Zealand), Hundertwasser. . .

http://en.wikipedia.org/wiki/File:Magdeburg_Hundertwasserhaus.jpg

must be the. . . water?

Wed, 05/02/2012 - 21:11 | Link to Comment Goldilocks
Goldilocks's picture

Misery loves company... apparently $119,922,500 worth.

Wed, 05/02/2012 - 21:23 | Link to Comment Yes_Questions
Yes_Questions's picture

 

 

Funds acquired on the misery of others used to acquire a representation of acute awakening to...the misery of others?

 

+consequence

Wed, 05/02/2012 - 21:52 | Link to Comment WhackoWarner
WhackoWarner's picture

I paint. I paint for me.

If  had 120 million to spend without thought; I would have bought this too.

Thu, 05/03/2012 - 00:16 | Link to Comment John Law Lives
John Law Lives's picture

"If had 120 million to spend without thought; I would have bought this too."

If so, your values are seriously out of whack.  If I had 120 million to spend without thought, I would use it to make a sincere effort to improve the human condition rather than use it to buy a piece of fabric with paint on it.  I would also contribute generously to Ron Paul and Rand Paul in their endeavor to save this country.

Wed, 05/02/2012 - 21:12 | Link to Comment insanelysane
insanelysane's picture

The scariest thing is that there must have been at least 1 other bidder that has $118 million for art and was willing to pay $118 million for it.

Wed, 05/02/2012 - 21:16 | Link to Comment akak
akak's picture

I knew just how the guy in this painting feels the last time I filled up the 35 gallon gas tank in my pickup.

Thu, 05/03/2012 - 00:50 | Link to Comment CvlDobd
CvlDobd's picture

Which is what makes this piece so appealing. People should be able to relate.

Wed, 05/02/2012 - 21:17 | Link to Comment Yes_Questions
Yes_Questions's picture

 

 

The Great Scream in Nature was premonition of all the trees felled for the presses in order to facilitate this successful bid.

 

and/or construction of gallows.

 

 

Wed, 05/02/2012 - 21:23 | Link to Comment Yen Cross
Yen Cross's picture

 I just closed all my long currency trades, other than my yen/sterling trades.  the markets are ready to short. I'm selling tops!

Wed, 05/02/2012 - 21:23 | Link to Comment Orly
Orly's picture

I have always noticed an imminent market crash has been harbinged by fantastic sales in art.  Being compared to the last go-round of ultimate excess, check it out

In January Christie’s New York offered an extraordinary collection that totaled $26,276,500. At Christie’s London in July, rare drawing—a masterpiece by Leonardo da Vinci, Horse and Rider—sold for a resounding £8,143,750 (about $11,533,000), a record for a Leonardo.

Year?  Oh, you know: two thousand ought one.

It's coming...

http://www.britannica.com/EBchecked/topic/1018422/Art-Antiques-and-Collections-Year-In-Review-2001/231415/Art-Auctions-and-Sales

:0

Wed, 05/02/2012 - 21:33 | Link to Comment Yen Cross
Yen Cross's picture

You are brilliant Orly!

Wed, 05/02/2012 - 21:27 | Link to Comment scatterbrains
scatterbrains's picture

sorry all you sophisticated art connoisseurs out there but this painting sucks ass no matter how hard you try to convince yourself otherwise and despite everyone you've admired and listened too in the art market.  Sorry but it had to be said. If I've offended you..  bite me.

Wed, 05/02/2012 - 21:37 | Link to Comment Hansel
Hansel's picture

When you start talking about art 'worth' $120 million, it has nothing to do with quality art and everything to do with rich assholes thinking someone else thinks a piece is valuable and wants to hold it over them.  This 'art' is a f'n joke.  There are plenty of excellent starving artists today whose work is far more creative.  Again, this is just a rich asshole who had $120 million too much money and a terrible sense of taste and value.

Wed, 05/02/2012 - 22:04 | Link to Comment WhackoWarner
WhackoWarner's picture

What you say is simply not true. If the art makes you uncomfortable then it accomplished it's purpose.

Do you think the artist painted this with $120 million in mind?

The artist painted this to illustrate an emotion that is prevelant in these comments on Zero Hedge.

I have seen some Dali (Guernica) that convey the same human condition.

There i something here you are apparently not capable of decorating your apartment around.,

It would be too much for you to actually consider this as the work of a human soul.

Wed, 05/02/2012 - 23:23 | Link to Comment Jena
Jena's picture

"Guernica" is a moving piece, though I'm not really a fan of Picasso.  (Not Dali.)

Yeah, art is meant to move in many ways and not all of them positive.  And some people choose art to decorate around.

 

What I wonder is what work will be around one hundred years from now.  I wager it won't be Jeff Koons. Julien Schnabel or Damien Hirst.  

Wed, 05/02/2012 - 21:31 | Link to Comment John Law Lives
John Law Lives's picture

Looks like this episode pushes the greater fool theory to the extreme.

Good luck finding real value in a piece of fabric with paint arrayed on it after the great R-E-S-E-T button gets pressed and a bite of food is worth more than a wheelbarrow full of paper currency.

Wed, 05/02/2012 - 22:06 | Link to Comment WhackoWarner
WhackoWarner's picture

Good luck finding any value in your comment.

Wed, 05/02/2012 - 23:37 | Link to Comment John Law Lives
John Law Lives's picture

You have eyes but fail to see, and ears but fail to hear.

 

Wed, 05/02/2012 - 21:34 | Link to Comment Vendetta
Vendetta's picture

easier to buy than 75,000 ounces to gold.  The buyer didn't want to get MF global'd.

Wed, 05/02/2012 - 21:36 | Link to Comment Dapper Dan
Dapper Dan's picture

I can't belive i'm the first to say this but Art is in a period of "irrational exuberance"

 

Wed, 05/02/2012 - 21:40 | Link to Comment DanDaley
DanDaley's picture

Now I just can't decide where to hang it -I was thinking about maybe between portraits of Bernank and Geithner.  Whaddya think?

Wed, 05/02/2012 - 22:01 | Link to Comment Hansel
Hansel's picture

How about on the wall facing the toilet.  The look of shock and surprise everytime you take a dump would be hilarious.

Wed, 05/02/2012 - 22:07 | Link to Comment WhackoWarner
WhackoWarner's picture

PERFECT. I think that is the most sstute, mindless, comment I have read. That is where it belongs.

Wed, 05/02/2012 - 21:40 | Link to Comment Dr. Engali
Dr. Engali's picture

So I'm guessing he's not interested in the Thomas Kincade I bought at the flea market last year.

Wed, 05/02/2012 - 21:59 | Link to Comment Yen Cross
Yen Cross's picture

 Need I post charts? I just took a massive hit/ to prove a point!  If you wish? I shall post?    Sticks or candals?<

  Charts of comparison?

Wed, 05/02/2012 - 21:42 | Link to Comment razorthin
razorthin's picture

What a pretentious ass clown.  Tax that fukker 80%.

Wed, 05/02/2012 - 21:45 | Link to Comment Careless Whisper
Careless Whisper's picture

I say well bought. In fifty years $119 million won't buy you a grande caramel latte.

 

Wed, 05/02/2012 - 21:48 | Link to Comment flacorps
flacorps's picture

Screamin' deal!

Wed, 05/02/2012 - 21:49 | Link to Comment ABG LINE
ABG LINE's picture

Charmin Chairmin !   ROFL !!!!

Wed, 05/02/2012 - 22:06 | Link to Comment walküre
walküre's picture

Who was the seller? Sotheby's is just the facilitator of the sale.

Was this part of a public asset? If there's that much money out there to pay for art, why can't Greece pay her bills?

Wed, 05/02/2012 - 22:13 | Link to Comment WhackoWarner
WhackoWarner's picture

I am hoping that saner heads prevail at some point.

This artwork is priceless, though the image makes many uncomfortable. I will not attempt to explain why this is a human treasure.

Suffice to say many of the comments about something this rare still revolve around money. This is the point, or one of the points. of this frustrated image.

Perhaps the artist was going mad listening to the never-ending din of money, me-me crap here.

Wed, 05/02/2012 - 22:45 | Link to Comment Cabreado
Cabreado's picture

While artistic talent is appreciated by many,

maybe in a silent way by most, even...

this painting is a "human treasure" to a handful of people in the real world.

This piece of art has attained a market value much like anything else -- it, however, has nothing to do with reality.

Sometimes, the rubber actually hits the road...

and this is a place where artwork is always well and good, but a distraction nonetheless.

I ask you to explain why:

this "human treasure" and the "value" that it represents to a handful  -- usurps reality.

Thu, 05/03/2012 - 02:31 | Link to Comment walküre
walküre's picture

You didn't answer my question. Who sold the picture?

Wed, 05/02/2012 - 22:08 | Link to Comment Yen Cross
Yen Cross's picture

 I just closed 2 trades tah cost me 200K in losses! I did it because i believe, the trades are headed SOUTH!

Wed, 05/02/2012 - 22:10 | Link to Comment williambanzai7
williambanzai7's picture

Technically it is a pastel on paper which makes it all the more remarkable. Such high prices are typically reserved for oils on canvas.

Wed, 05/02/2012 - 23:10 | Link to Comment Yen Cross
Yen Cross's picture

 You've done well (Bonzai).  Refer to my ( lower post).

   I'm Granite!

Wed, 05/02/2012 - 22:12 | Link to Comment Angus McHugepenis
Angus McHugepenis's picture

Bidding starts at a $1.50. Let's see if we can't shame that Scream back to where it came from.

http://emismpunk.deviantart.com/art/FatBastard-motivational-poster-15312...

Wed, 05/02/2012 - 22:18 | Link to Comment crawldaddy
crawldaddy's picture

and the winner is... the auction house, how many millions did they make in a matter of minutes.

Wed, 05/02/2012 - 22:28 | Link to Comment URZIZMINE
URZIZMINE's picture

It's a picture of how I reacted when my wife said "I am bored. Let's do it".

Wed, 05/02/2012 - 22:35 | Link to Comment michelp
michelp's picture

A better deal than the $400,000. (asking) for the Babe Ruth baseball cap coming up for sale!

Wed, 05/02/2012 - 22:39 | Link to Comment Uchtdorf
Uchtdorf's picture

How did they quit at $119,922,500?

Bidder A: $119,920,000

Bidder B: $119,921,000

Bidder A: $119,922,000

Bidder B: $119,922,500

Bidder A: I'm out.

Bidder B: Whew! I didn't have another grand to spend.

Wed, 05/02/2012 - 23:36 | Link to Comment Kiwi Pete
Kiwi Pete's picture

Yeah, bidder A's wife is gonna be pissed. No nookie for you tonight!

Wed, 05/02/2012 - 22:54 | Link to Comment outtahouston
outtahouston's picture

told my kids (9 & 5) this painting sold tonight for over$100M ... pause as it loads ... ewwwhhhh!!  that's terrible!!

So I said, hey you're making fun of something that someone just paid over $100M for, doesn't it make you think, and wonder, just why would a famous artist think that painting might appeal to people ... and the response, "cause he's some sick wacko".

Nuff said.  tomorrow we put their interpreations on ebay.  expecting whatever they come up with should be worth between $80M-$120M easy.

Wed, 05/02/2012 - 23:07 | Link to Comment Yen Cross
Yen Cross's picture

  Pablo Picasso was brilliant!   I deeply enjoy his " artwork".    I enjoy " Paul Gauguin" as well!

   The French/ Itialian ( artisans) , are beyond reproach!

Wed, 05/02/2012 - 23:24 | Link to Comment wee-weed up
wee-weed up's picture

I think the painting has become an icon image for portraying the fucked-up world global gubbermints have left individuals in. As to its value or worth - just like everything else - it's whatever someone else is willing to pay for it at the time. But of course, when TSHTF, it's totally absolutely worthless.

Thu, 05/03/2012 - 00:10 | Link to Comment Scalaris
Scalaris's picture

What in the fuck has this world come to?

Fuck all 20th century shit-addled and apparently post-talent art movements such as expressionism -appart from El Greco, van Gogh and a couple of de Kooning's work- and the rest of the avant-garde post-modern fucking excuses.

And as for Munch's work, I'm dying to hear any sort of logical argument for throwing $120 million at this unholy monstrosity.

Seriously it would make more sense to buy a fucking replica of a French Chateaux, have Jeff Koons cover it with multicoloured portraits of Cicciolina fellating him, and then fill it up with enough C4 explosives to turn it into a colorful confetti.

 

Thu, 05/03/2012 - 00:56 | Link to Comment obejoyful
obejoyful's picture

This marked the top of the market, people will look back at this generation with disgust.   You mean that painting sold for 120 mil, share of aapl $600, and pcln $700 wasn't this after they had gone though a internet bubble and a housing bubble.  What were they thinking?

Thu, 05/03/2012 - 01:02 | Link to Comment devo
devo's picture

That Alberto Giacometti sculpture is heinous.

Thu, 05/03/2012 - 01:10 | Link to Comment yogibear
yogibear's picture

Amazing. Looks like some kid in a elementy school drew it with a box of crayons. Someone has more money than they know what to do with it. Maybe a Rothschild or Rockefeller.

Thu, 05/03/2012 - 01:38 | Link to Comment boiltherich
boiltherich's picture

That there are individuals who have 120 million to spend on a single painting is the best testament that we under tax the rich.  I am not going to be happy until a painting or an estate goes for 120,000.  And keep your venomous replies to yourself.  The guy that bought that single canvas can buy countries. 

It makes me sad that this painting sold for 120 million.  A single bit of cloth 36" by 23".  I hear how the government can't afford to pay medical bills or how there is no inflation, that unemployment is 20 % but some dirtbag billionaire just has to have this one painting and writes a check for 120 million.  He can't write a check for taxes and the common good, but by god he has 120 million for a bit of oil on canvas.  God forbid that he actually helped real people in real lives, you know how far that kind of money would have gone in the real world?  How many lives it could have changed for the better?

In this economy this is a major misallocation of capital and proof that TPTB have zero interest in the common man.  And as much as I hate to admit this it is time to get in their faces, not with occupy movements, not with G20 protests, not with buying gold or silver, just stay at home.  If man, if you are serious about fixing society then just stay at home.  Refuse to go to work, refuse to buy, go on strike, get in their faces. 

I just did something like that, a punk was revving his engine showing his buddies how nice and loud his new "muffler" made his car.  I went and got right in his face and told him what white trash he was, how he was disturbing the lives of people in 106 apartments, he was going to hit me but his friend held him back, I called him what he was, white trash.  He was so high on his great car and how loud it was, then along comes some old asshole to give him shit about it, he will still have a loud car, but now he knows that he is offending and he will always have to be thinking about going too far.  It will destroy his enjoyment of his super loud car.  Same goes for the fucktards with all the money.  Get in their face and show them how hated they are, be not afraid of them.  Yep, they will still have all the money, but they will not be able to enjoy it.

Thu, 05/03/2012 - 02:29 | Link to Comment walküre
walküre's picture

I would give you 1000 up arrows if I could.

You're real and I like what you're saying. Rich assholes with absolutely no regard for anyone else but themselves. The world is full of them and too many of the 99% are licking their boots, adoring their lifestyles and worshipping their greed.

The excesses of the 1% are grotesque. The math doesn't make sense. To allow them their spoiled rich lives is a detriment to all mankind. There is a reason heads were rolling a few hundred years ago.

Thu, 05/03/2012 - 06:00 | Link to Comment Bastiat009
Bastiat009's picture

boiltherich .. you sound like a communist who believes that spending your money as you wish is bad for you and the world. That is stupid.

The money spent to purchase the painting is not leaving the world, it will be spent on things and stuff ...

Thu, 05/03/2012 - 09:01 | Link to Comment PaperWillBurn
PaperWillBurn's picture

The buyer is probably a super producer. Someone who has brought value into this world and is looking for a place to store his wealth. It's not all about looking at a nice painting, it's about protecting what you have, and being able to pass it down.

 

Boiltherich must think $'s hold value that expire as soon as it's traded for an object.

Thu, 05/03/2012 - 02:22 | Link to Comment bob_dabolina
bob_dabolina's picture

No one can relate this painting like me,

BD

Thu, 05/03/2012 - 03:08 | Link to Comment cnhedge
cnhedge's picture

US Daily: 2012 US April Payroll Preview: Sluggish
http://www.cnhedge.com/thread-4078-1-1.html
http://www.jinrongbaike.com/

Thu, 05/03/2012 - 04:12 | Link to Comment Clowns to the l...
Clowns to the left_ jokers to the right's picture

Is that 4,548.9 years at the median salary before or after taxes? If it's before taxes, tack on another 900 years or so.

Thu, 05/03/2012 - 04:35 | Link to Comment I_Am_
I_Am_'s picture

Apart from the 119.922500 mio, still no answer to Bob_D question of who is JLong 2004 on the railing in the bottom right corner of the picture???? 

Thu, 05/03/2012 - 06:42 | Link to Comment Confundido
Confundido's picture

No algo can sell this painting en masse, abruptly, at the fix. Therefore, it is worth owning it!

Thu, 05/03/2012 - 07:08 | Link to Comment DVDBeaver
DVDBeaver's picture
£160m Cézanne: Highest price ever for a painting as Qatari royal family trumps world dealers for The Card Players Read more: http://www.dailymail.co.uk/news/article-2096051/Most-expensive-art-piece-sold-Qatar-buys-C-zannes-The-Card-Players-160m.html#ixzz1tntxJ4hz
Thu, 05/03/2012 - 07:15 | Link to Comment overmedicatedun...
overmedicatedundersexed's picture

Ben prints and the true value of paper fiat is exposed in inflated prices for this art. those who have a viseral disgust at this mis allocation of money have  expressed that this is a selfish use of fiat taken to extreme.

the main pointt, as I see it: this amount of wealth used in this manner shows a cruel disregard to the proper use of wealth.. that is, to produce a positive growth in wealth which can benefit society..used to start business to employ others or to provide those without the means a way to create new jobs and wealth for society,

this sale benefits so very few , it could have benefited so many more. I look at this with disgust as it has deminished a great work of art to a crude and self absorbed horror.

Thu, 05/03/2012 - 07:56 | Link to Comment rsnoble
rsnoble's picture

I hate buyers premiums. A lot of times I will avoid those auctions all together unless there's something I really want.  Auctioneer's already making 30%, now they want 10% on top of that?  They know the seller will never agree to 40% but most buyers will put up with 10%.  Probably not a bad business to be in but takes a lot of time to establish a reputation.

Thu, 05/03/2012 - 08:56 | Link to Comment PaperWillBurn
PaperWillBurn's picture

It's a method of wealth preservation for the super rich and it's easily transportable. Just anothe rplace to stick large sums of money when other options are drying up.

 

Thu, 05/03/2012 - 09:05 | Link to Comment sbenard
sbenard's picture

So THAT'S where those Bernanke bucks are going!

Thu, 05/03/2012 - 14:38 | Link to Comment Pizza man
Pizza man's picture

Earth to Tyler..Since when did ALL accumulation of weath become subject to your cross hairs treatment?

 

The Free Market should be less free for some?

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