[HN Gopher] Unknown Durer drawing bought for $30 at a house clea...
       ___________________________________________________________________
        
       Unknown Durer drawing bought for $30 at a house clearance could
       sell for $50m
        
       Author : timurg
       Score  : 25 points
       Date   : 2021-11-22 19:21 UTC (3 hours ago)
        
 (HTM) web link (www.theartnewspaper.com)
 (TXT) w3m dump (www.theartnewspaper.com)
        
       | teruakohatu wrote:
       | These stories make it seem like random people find major works of
       | art and walk away with huge profits, when in fact getting $50m
       | from a $30 drawing requires a lot of work, planning and PR.
       | 
       | Take the Salvator Mundi for example. In 2010 it sold for $10,000.
       | ~7 years later it sold for $450 million.
       | 
       | Between those two auctions there was extensive restoration (in
       | the style of Leonardo) followed by years of extensive PR to
       | convince the world that it was a Leonardo and worth a lot of
       | money.
       | 
       | The end result it an astronomical sum of money for a work of art
       | many, if not most, think was probably done by one of Leo's
       | students. It has not been exhibited since it was sold.
       | 
       | Many people are probably sitting on valuable works of art, but
       | unless you have the right connections, skills and PR, they won't
       | ever sell for millions at Christies.
       | 
       | https://en.wikipedia.org/wiki/Salvator_Mundi_(Leonardo)#Redi...
        
         | riekus wrote:
         | I recently heard that a lot of those insane art transactions
         | are accounting/laundering practices. Made a lot of sense for me
         | when I heard that.
        
           | timurg wrote:
           | This is tens of billion dollars market[1] managed by
           | investment firms. So it is not surprising the insane prices
           | with PR and everything and while richer are getting richer.
           | Now they have also digital art and NFT.
           | 
           | https://theartmarket.foleon.com/artbasel/2020/the-art-
           | market...
        
       | buryat wrote:
       | why is this on HN?
        
         | rhacker wrote:
         | Someone submitted it and other people upvoted it.
        
         | klyrs wrote:
         | I clicked because I'm a fan of Durer and wanted to see the
         | drawing. Couldn't care less about the story.
        
       | [deleted]
        
       ___________________________________________________________________
       (page generated 2021-11-22 23:02 UTC)