The value of a Rothco painting
A painting by Rothco called White Centre (Yellow, Pink and Lavender on Rose) was sold this week for $US$73 million which is $A88 million. Unbelievable! Not that there's anything wrong with that, as Seinfeld might say. It was pwmed bu US banker, David Rockefleller and sold in New York. Picture from today's Age newspaper so the shadow is NOT part of the painting, nor the mirror shadows from another page in the paper!
But, look at the wall painted in Melbourne and the climbing men made out of milk crates and it's value is probably minus $5000 for a clean-up job! Which one do I like better? Both are okay I suppose.
What do you think of the absurb prices put on paintings in the commercial world of 'names', and the perception of 'value' or most probably rise in 'value' in the future?