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(Yahoo)   Okay, now I think the rich are just mocking us: Casino mogul Steve Wynn pays $28 million for an unbelievably ugly statue of Popeye by an artist whose stainless steel rendering of a balloon dog recently sold for $58 million   (news.yahoo.com) divider line 104
    More: Asinine, Popeye, casino mogul, Jeff Koons, statues, Kings, starving artist  
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7445 clicks; posted to Main » on 16 May 2014 at 11:12 PM (23 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-05-16 03:41:33 PM  
LOOK, I'M THE BLOODY POPE, I AM!...
 
2014-05-16 03:51:31 PM  
Perhaps it's economic stimulus.

/I'd feel stimulated selling a statue for $28 million.
 
2014-05-16 04:05:38 PM  

Snarfangel: Perhaps it's economic stimulus.

/I'd feel stimulated selling a statue for $28 million.


If somebody gave me $58 mil for making an exact stainless steel replica of a balloon animal? I'd have the kind of "Stimulus" that those commercials warn you to seek immediate medical attention for
 
2014-05-16 04:15:51 PM  
I didn't ask to be President of balloon doggies, the balloon doggies chose me
 
2014-05-16 04:42:43 PM  
Is this where the "art major = fries with that" jokes come in?
 
2014-05-16 04:46:28 PM  
media-cache-ak0.pinimg.com
 
2014-05-16 04:54:48 PM  
Steve Wynn, the same blind art lover who poked a hole through a Picasso?
 
2014-05-16 06:38:41 PM  

Earguy: Steve Wynn, the same blind art lover who poked a hole through a Picasso?


A'yep.  His reaction was awesome...  "So glad it was me and not someone else".
 
2014-05-16 06:48:50 PM  
Art is a store of value making about 2% return.

http://fofoa.blogspot.com/2013/12/eye-for-gold.html

What makes a second-hand card table worth $490,000? It's certainly not the need for a surface on which to play cards. That need can be met for much less money. You know what it is? It's that the wealthy fill their lives with otherwise-common items that perpetually rise in value, while we do the same with similar items that lose half their value, never to be regained, the minute we take them out of the store.

Two tables. One is $280 and the other is $490,000. The difference between the two is that the price of the former comes from demand related only to the service it renders in its specific form, as a table, and the latter comes from demand related to two different services it renders, that of a table and also that of a store of value.

Take the $490,000 card table for example. We could say that the buyer paid $280 for a table, a well-crafted and nice-looking flat surface with four legs, and another $489,720 for a store of value. When you look at it this way, it starts to make sense why the wealthy often buy such remarkable "real things" and then hide them away for decades, packed in unassuming wooden crates, in places like this-Über-warehouses for the ultra-rich-rather than "using" them in their homes.


/Insane goldbug warning, but I like the concept.
 
2014-05-16 07:35:52 PM  
man, what a greedy fark.  Sure, selling the one statue for $58 million makes sense, but you can just retire after that.  Quit once you've made it and let somebody else get in on the gravy train.  This is how all the con artists get caught.
 
2014-05-16 08:16:09 PM  
Not only that, but it wasn't an original design. It was an exact copy of a Dark Horse figurine.
 
2014-05-16 11:16:02 PM  
Well, it's not like children's hospitals, mental health care facilities, battered wives shelters, free drug rehab centers or anything like that could've used the money, right?
 
2014-05-16 11:17:43 PM  
When can we start eating them?
 
2014-05-16 11:22:26 PM  
"Art."
 
2014-05-16 11:22:49 PM  

kling_klang_bed: Well, it's not like children's hospitals, mental health care facilities, battered wives shelters, free drug rehab centers or anything like that could've used the money, right?


The money still exists.
 
2014-05-16 11:23:57 PM  
They always say, "the first $58 million stainless steel balloon dog sculpture is the hardest...."
 
2014-05-16 11:24:18 PM  
it is what it is
 
2014-05-16 11:30:33 PM  
Wynn is legally blind.

/the more you know
 
2014-05-16 11:32:31 PM  

DrPainMD: kling_klang_bed: Well, it's not like children's hospitals, mental health care facilities, battered wives shelters, free drug rehab centers or anything like that could've used the money, right?

The money still exists.


But it's destination is a whole other question, obviously.
 
2014-05-16 11:33:06 PM  

gingerjet: Wynn is legally blind.

/the more you know


So, like Popeye, he'd find Olive Oyl attractive too?
 
2014-05-16 11:34:17 PM  
At least the money wasn't wasted.


/on the downtrodden
 
2014-05-16 11:38:15 PM  

edmo: Is this where the "art major = fries with that" jokes come in?


I don't know, but I can see some analogies to neighborhood basketball players with aspirations.
 
2014-05-16 11:38:26 PM  
there was a 25M gift to charity he recently made
 
2014-05-16 11:42:26 PM  

gopher321: LOOK, I'M THE BLOODY POPE, I AM!...


And when the Pope went to Mount Olive, Popeye shot him
 
2014-05-16 11:43:07 PM  
Dude's blind. They told him it's a Caravaggio.
 
2014-05-16 11:43:45 PM  

kling_klang_bed: Well, it's not like children's hospitals, mental health care facilities, battered wives shelters, free drug rehab centers or anything like that could've used the money, right?


Well, the artists could pay it forward.
 
2014-05-16 11:43:53 PM  

Driver: gingerjet: Wynn is legally blind.

/the more you know

So, like Popeye, he'd find Olive Oyl attractive too?


Popeye was a freak of nature, so they both had to settle
 
2014-05-16 11:45:33 PM  
If I had a spare $28 million lying around I would build a bobsled/luge/skeleton track.
 
2014-05-16 11:45:35 PM  
From the dude who brought you this...

media.trendland.com
 
2014-05-16 11:46:25 PM  
I'm no defender of the wealthy but note 2 things: 1) this is nothing new as rich folks love spending shocking amounts of cash on some favored artist since probably there was money and art; and 2) you can go see it at his casino.

As to factor 2, that obviously doesn't make the man a saint.  But OTOH, rich people often buy art works and don't let the public see it ever.  So, I guess in that sense and if you are a Jeff Koons fan or generally like pop art and are in Vegas, you can go see it.  Obviously it would be better if he spent the money on the local domestically battered and crippled war orphans with AIDS charity shelter.  But there you have it.
 
2014-05-16 11:47:04 PM  

kling_klang_bed: Well, it's not like children's hospitals, mental health care facilities, battered wives shelters, free drug rehab centers or anything like that could've used the money, right?


Let's see how your hate stacks up against reality:

$2m to United Way of Southern Nevada
$25 to University of Iowa for eye diseases

Those are the ones I found right away. Let us know when you donate your first $1M you selfish, greedy bastard.
 
2014-05-16 11:47:13 PM  

kling_klang_bed: DrPainMD: kling_klang_bed: Well, it's not like children's hospitals, mental health care facilities, battered wives shelters, free drug rehab centers or anything like that could've used the money, right?

The money still exists.

But it's destination is a whole other question, obviously.


I'm sure the artist will spend it all on goods and services and it will all trickle down somehow. And Sotheby's cut will go to whatever it is that Sotheby's does.
 
2014-05-16 11:47:17 PM  
...I would pay $28 million NOT to have that in my house.
 
2014-05-16 11:49:18 PM  
Hey, if the rich want to spend their money on art (good or bad) I'm all for it.
 
2014-05-16 11:52:16 PM  
The 85 Richest People In The World Have As Much Wealth As The 3.5 Billion Poorest

Which means 85 people have as much wealth as half of the world - the poorest half.
 
2014-05-16 11:52:19 PM  
It's their money and they can waste it however they want. I don't get on poormitters case for buying lottery tickets.
 
2014-05-16 11:54:53 PM  
I farking hate Jeff Koons' art.
 
2014-05-16 11:56:20 PM  
Two words: Money Laundering
 
2014-05-16 11:59:10 PM  

edmo: Is this where the "art major = fries with that" jokes come in?


Yes, because "art major" equals "successful artist" in the same way that "person who learned how to cook" equals "master chef".
 
2014-05-16 11:59:14 PM  

Gosling: ...I would pay $28 million NOT to have that in my house.


I'll be glad to make sure it's never in your house for half that.
 
2014-05-16 11:59:31 PM  
Ah. Pocket change.
 
2014-05-17 12:00:43 AM  

phaseolus: I farking hate Jeff Koons' art.


I feel like Koons' art is completely representative of this time period. It's completely vapid, devoid of meaning, and way overpriced. He's the Kim Kardashian or Snookie of the art world - he's famous mostly for being famous, not for being talented or particularly good at anything, and when you look at his art for more than 5 minutes, you realize that there's not anything to see beyond what's on the surface.
 
2014-05-17 12:01:32 AM  
I would suspect money laundering, but Steve Wynn already owns a Casino, and those are supposed to already be the most effective ways to launder money ever invented.
 
2014-05-17 12:03:06 AM  

JungleBoogie: The 85 Richest People In The World Have As Much Wealth As The 3.5 Billion Poorest

Which means 85 people have as much wealth as half of the world - the poorest half.


A combination of Arab oil sheiks and the guys behind Google'/Facebook/(insert other world changing thing here) have as much wealth as various subsistence farmers in the poorest, most farked up, lowest trust, familial-based nations on earth, most of which are just coming out from under or are still in various autocratic/socialist regimes.

Can't say I'm surprised.
 
2014-05-17 12:03:47 AM  

Fano: gopher321: LOOK, I'M THE BLOODY POPE, I AM!...

And when the Pope went to Mount Olive, Popeye shot him


Haha
 
2014-05-17 12:10:11 AM  
Rich people spending money? It made my monocle fall out.
 
2014-05-17 12:11:16 AM  
Dude should buy some new eyes.
 
2014-05-17 12:11:59 AM  
Eh. Well, it's better than anything Jackson Pollack produced, at least.
 
2014-05-17 12:12:18 AM  
No comment how the statue is a stainless-steel 100% copy of a $15 toy?  As in, zero creativity except for an idea to render a small piece of plastic in stainless steel at a couple dozen times its original size, with no credit given to the original toy sculptor?
 
2014-05-17 12:16:13 AM  

Jamesac68: No comment how the statue is a stainless-steel 100% copy of a $15 toy?  As in, zero creativity except for an idea to render a small piece of plastic in stainless steel at a couple dozen times its original size, with no credit given to the original toy sculptor?


Uh, hello, the color of the shirts is different!  Duh.

:-D
 
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