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But... But in fact, a few years ago when conceptual art was all the rage and when sort of snarky, cynical, like, you know, if you don't get the joke of the banana, right? Like you don't understand it. Like there was a time very recently when calling something beautiful or, and dealer parlance, calling it decorative was really a slam.
But... But in fact, a few years ago when conceptual art was all the rage and when sort of snarky, cynical, like, you know, if you don't get the joke of the banana, right? Like you don't understand it. Like there was a time very recently when calling something beautiful or, and dealer parlance, calling it decorative was really a slam.
But... But in fact, a few years ago when conceptual art was all the rage and when sort of snarky, cynical, like, you know, if you don't get the joke of the banana, right? Like you don't understand it. Like there was a time very recently when calling something beautiful or, and dealer parlance, calling it decorative was really a slam.
Like, ooh, that's a decorative piece, meaning that it was pretty. It wasn't tough. It didn't have some political bite. This week, we really saw really beautiful things sell well. I asked some folks about this and they basically just said like, You know, when real life is tough, you know, collecting is meant to be an escape.
Like, ooh, that's a decorative piece, meaning that it was pretty. It wasn't tough. It didn't have some political bite. This week, we really saw really beautiful things sell well. I asked some folks about this and they basically just said like, You know, when real life is tough, you know, collecting is meant to be an escape.
Like, ooh, that's a decorative piece, meaning that it was pretty. It wasn't tough. It didn't have some political bite. This week, we really saw really beautiful things sell well. I asked some folks about this and they basically just said like, You know, when real life is tough, you know, collecting is meant to be an escape.
Yeah, it's meant to be a respite. And it's not a moment where people really want to be challenged with the toughness of art. They really want to be consoled by the beauty of it. And so this is why perhaps the Giacometti, which reminds us of the angst and the existential crises that followed World War II, maybe it just didn't have that moment.
Yeah, it's meant to be a respite. And it's not a moment where people really want to be challenged with the toughness of art. They really want to be consoled by the beauty of it. And so this is why perhaps the Giacometti, which reminds us of the angst and the existential crises that followed World War II, maybe it just didn't have that moment.
Yeah, it's meant to be a respite. And it's not a moment where people really want to be challenged with the toughness of art. They really want to be consoled by the beauty of it. And so this is why perhaps the Giacometti, which reminds us of the angst and the existential crises that followed World War II, maybe it just didn't have that moment.
So they get it back. They may just take a breath and make sure that, you know, the vultures don't sort of scoop it up at a bargain basement prices. It's known as burning the work, right? So you've put this work up to the world to say, I think I want to get this price.
So they get it back. They may just take a breath and make sure that, you know, the vultures don't sort of scoop it up at a bargain basement prices. It's known as burning the work, right? So you've put this work up to the world to say, I think I want to get this price.
So they get it back. They may just take a breath and make sure that, you know, the vultures don't sort of scoop it up at a bargain basement prices. It's known as burning the work, right? So you've put this work up to the world to say, I think I want to get this price.
And when everyone watches it not get that price, like there's no shot you're ever going to get anything close to that price for a very long time. You sort of burn the work. Yeah, you're sunk. And so at the very least, you're knocking probably 20 million off this work.
And when everyone watches it not get that price, like there's no shot you're ever going to get anything close to that price for a very long time. You sort of burn the work. Yeah, you're sunk. And so at the very least, you're knocking probably 20 million off this work.
And when everyone watches it not get that price, like there's no shot you're ever going to get anything close to that price for a very long time. You sort of burn the work. Yeah, you're sunk. And so at the very least, you're knocking probably 20 million off this work.
I don't think they're gonna move past it quickly, no. What auctioneers want is for everyone to feel safe and okay buying art. That's what sellers want so that they can get a good bang for their buck. That's what estates want so they can offload things. But honestly, collectors, you know, with the paddles, make the call.
I don't think they're gonna move past it quickly, no. What auctioneers want is for everyone to feel safe and okay buying art. That's what sellers want so that they can get a good bang for their buck. That's what estates want so they can offload things. But honestly, collectors, you know, with the paddles, make the call.