Or gun. It's hard to call any art crap, someone somewhere will love it, all you can really say is you don't like it. In this case, I don't. I've got a hand carved wooden sculpture here, about 2 ft tall of an African hunter dude that I think is way better, and probably only worth about $100.
Art is about ideas and the emotional response they can arouse. And for me this arouses an urge to go pinch a loaf. That's worth $2 at the drug store, not 65 million at Sotheby's. I'm sure someone in the world might pay 65 million for aesthetic value alone, but that's not what this is about. This is a fancy way to invest…
I think Adam is right here. I suspect the whole fine art world is a huge tax write-off for rich people. Here is how I think it works: You buy 10 paintings (from the same artist), and put 2 up for auction. Your buddy does the same. You agree with your buddy to go to the auction and buy each other's formerly worthless…