Quote:
Originally posted by Dottore
The art market is also a very fine place to wash money. You could either work very hard to launder 72 million - or you could simply buy that Rothko pictured above.
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Ahhh Yah hit the nail on the head...Buy a painting for 250K at auction keep it a few years and sell for 750K at auction....whose to know what U paid for it?
Now the IRS is getting around to 1099 you on selling any item for more than 10K at auction..OUUUU..wait till word of that gets around.
Most of U kinow I bought some expensive spoons (Allan Adler Flatware set) a few years back well they are worth 4Xs what I paid for them today. Ohhh and the list goes on and on and on.
Now heres one for ya all. About 5 years back a Bennet Bradbury (Brother of Ray "Mr Science Fiction" Bradbury) Seascape (He cranked them out like a production line before he died) would sell for $600 to $800 (26 X 36). John Morans Auctions in Pasadena, CA (CA Plein Aire paintings is what they are FAMOUS for auctioning), got about 40 Bennet Bradbury Paintings on Consignment to auction. They put 8 or so in every auction. It wasn't long before those Bradburys were selling for 3500 to 4000 apiece. Thats called making a market for an artist.
I had about six of them at one time but sold all but one for about what I had in them...$600 to $800 apiece...the small one I had sold recently for $4250.
BTW..Bradbury did nice Seascapes.
And fking Motion couldn't be bothered by that kind of RETURN...Maybe the joke is on him...
Also I did keep the best one I had.