Saturday, May 2, 2009

$8 million for an egg??

Sotheby's May 12th sale:

Baroque Egg with Bow Tie (est $6-8 million)

The description:

The present work is an excellent example of the artist choosing an everyday, banal object -- a chocolate Easter egg -- and exalting it through an obsession with craft. As with many of his works, Koons creates a work of art that appeals to multiple senses, as astounding colors delight our vision and the tactile rendering of the blue foil and pink bow begs to be touched. Executed in 1994–2008, the present work is one of five versions, each of which is uniquely colored.

If you really want blue eggs, get them from Farmer Jones in Milwaukee. They are only $2.50 a dozen with a 25 cent delivery charge! He doesn't have a website, but they have a phone--the farm accepts orders at (262) 878-4876. (Read about them here. I need to plug Wisconsin whenever I get the chance!)

The most overhyped artist on the planet is selling some more stainless steel.

But he gets over a million a foot for his stainless steel. So what does that make the material stocks worth?

Before he sold art, he sold stocks and commodities.

One of his big buyers, is Steven Cohen, who spent millions on Koons' hanging purple heart. At least, Munch's Madonna, the picture which is at the link below, was a different story, and if you missed the tech move, maybe you need to re-read that piece!

And then, maybe you should reconsider your bias on my piece on Madonna, the Material girl!

Now that's my fourth tout of the material stocks.

The next tout, will be "As Advertised!"


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