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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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7504 clicks; posted to Main » on 16 May 2014 at 11:12 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



104 Comments   (+0 »)
   
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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
 
2014-05-17 12:16:28 AM  

pheed: From the dude who brought you this...

[media.trendland.com image 850x659]


img.fark.net
 
2014-05-17 12:17:06 AM  

Vitamin Pb: 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.


Is that you, Alec Baldwin?
 
2014-05-17 12:18:08 AM  

Mock26: 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


Ah, so it's a transformative work.  It's all so clear to me now!
 
2014-05-17 12:20:11 AM  

Jamesac68: Mock26: 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

Ah, so it's a transformative work.  It's all so clear to me now!


Also, I just read that he got permission from the toy company to copy the statue.
 
2014-05-17 12:33:40 AM  
that purchase better have been tax deductible. 

Get this man some more tax breaks so we can soon feel the warm trickle down of his wealth!
 
2014-05-17 12:48:20 AM  
I wonder how soon it will be installed at Wynn Las Vegas. I'll be there in 2 months.
 
2014-05-17 01:01:03 AM  
 
2014-05-17 01:06:53 AM  

phaseolus: I farking hate Jeff Koons' art.


Seconded.
 
2014-05-17 01:08:16 AM  
Koons does not even make his own art.  He pays people to make it for him.  The Wall Street Journal had a front page article
about this, maybe ten years ago.
 
2014-05-17 01:09:49 AM  

SirEattonHogg: 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.


I'm pretty sure he didn't "spend" the money. He can get the money back when he sells it and even make a profit out of it when he sells it.
 
2014-05-17 01:25:05 AM  
Nickel slots pay for bad taste, film at 11
 
2014-05-17 01:28:27 AM  
See, this is why I believe in the Devil. There's simply no other way to get that kind of money for a statue of Popeye but to have sold your immortal soul to the Beast of Beasts. It's a great deal now, but later, in Hell, that same statue will absolutely be heated and then shoved up the artist's ass on an hourly basis for ever and ever. These things I believe.
 
2014-05-17 01:33:16 AM  
Of course they're mocking us. That's the whole point of having so much money, making everyone below you feel bad.
 
2014-05-17 01:49:54 AM  
Wynn has always been a doofus.
 
2014-05-17 02:05:00 AM  

phaseolus: I farking hate Jeff Koons' art.


I used to, I've kind of come around. It is a schtick to be sure, but it is actually fascinating to see in person.
 
2014-05-17 02:17:16 AM  
Of course the rich are mocking us, OP.  The only reason "art" like this sells for so much is because it's a game the rich like to play.  Who can spend their money the most extravagantly?  Who can amass the most impressive or unique collection?  It's all about social standing among the other rich.
 
2014-05-17 02:19:50 AM  

Stoj: Dude should buy some new eyes.


He's trying. You don't think that $25 million donation for eye research was philanthropic, do you?
 
2014-05-17 02:25:13 AM  

NuttierThanEver: I didn't ask to be President of balloon doggies, the balloon doggies chose me


It's not often you get a chance to pull that one out, but you nailed it like a pro. Well done!
 
2014-05-17 02:34:44 AM  
images.tvrage.com
 
2014-05-17 02:36:53 AM  
Also a for real propane tank garden planter "sculpture"

i259.photobucket.com
 
2014-05-17 02:45:01 AM  
art is a great way to launder money. Particularly for drug reasons.
 
2014-05-17 02:48:00 AM  
Yep. Potlatch time for the caviar tribe again.
 
2014-05-17 02:49:58 AM  
I think we have one of his works in our corporate lobby. A couple weeks ago, this thing that looks like an inflatable dolphin pool toy showed up in the lobby, complete with handles. I was told it's made of solid steel and weighs over half a ton.
 
2014-05-17 03:05:39 AM  
The statue is also a blatant screaming ripoff copy of a Popeye toy produced by Dark Horse.

http://www.cartoonbrew.com/fine-art/did-jeff-koons-just-make-28-mill io n-by-plagiarizing-a-dark-horse-popeye-toy-99475.html
 
2014-05-17 03:09:09 AM  
Not even one art snob in here to mock our inability to grasp the brilliance of this piece?
 
2014-05-17 03:28:38 AM  
Art has always been a wonderful way to launder large amounts of money.
 
2014-05-17 03:51:41 AM  
Meanwhile...


i.dailymail.co.uk
 
2014-05-17 03:59:52 AM  
If you're going to spend that kind of money and the artist is alive, just freaking commission something.  In fact if the artist is alive and you're spending just $50,000, commission something.
 
2014-05-17 04:00:24 AM  

brandnewchair: Hey, if the rich want to spend their money on art (good or bad) I'm all for it.


Hi, I'm Art
 
2014-05-17 04:11:33 AM  
Pool people don't get art.
 
2014-05-17 04:25:56 AM  

Haoie: Pool people don't get art.


They'd just get it all wet, anyway.
 
2014-05-17 04:39:09 AM  

browntimmy: Not even one art snob in here to mock our inability to grasp the brilliance of this piece?


I think after something like this they can't be bothered to keep up the facade.
 
2014-05-17 05:43:03 AM  

jsmilky: Koons does not even make his own art.  He pays people to make it for him.  The Wall Street Journal had a front page article
about this, maybe ten years ago.


So, the whole thing is kinda like that scene from Tom Wolfe's "Back To Blood."
 
2014-05-17 06:03:44 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?


img.fark.net
 
2014-05-17 06:09:16 AM  
It IS the rich mocking us. When items of such basic intrinsic value are having wads of cash thrown at them like that, any artistic and economically pragmatic requirements have already been met and it's a literal money fight among the rich.
 
2014-05-17 08:06:57 AM  
I just think if I had 28 million I had absolutely no use for, that I was determined I had to get rid of, I like to think I'd find 28 struggling families an give them a million a piece.
/popeye sucks.
 
2014-05-17 08:21:37 AM  

browntimmy: Not even one art snob in here to mock our inability to grasp the brilliance of this piece?


Just the fact people get so angry and heated over this is why I love art.
 
2014-05-17 09:23:56 AM  

astouffer: Rich people spending money? It made my monocle fall out.


Ha! Good show, chap. I actually had a great laugh at that. I fear for your monocle, though.....I hope it survived it's impromptu journey to the floor. Imagine if you had to purchase another. The horror!
 
2014-05-17 09:33:05 AM  
Ahh.....obscenely wealthy people's problems. It just makes me glad to be one of the 99% poor folks out there in the world. My art on the wall costs less than maybe $50 combined. If I happen to damage one, I'll just go to Spencer's in the mall and buy another.

/ okay, maybe I'm not glad to be poor.....

// but I sure don't want rich people problems
 
2014-05-17 09:36:13 AM  
Koons finest work:

whitney.org
 
2014-05-17 09:48:27 AM  

jsmilky: Koons does not even make his own art.  He pays people to make it for him.  The Wall Street Journal had a front page article
about this, maybe ten years ago.


So, you mean just like the Edison way of doing business in the good old USA? Yep, I'm not that surprised by it.
 
2014-05-17 09:58:32 AM  

Krumet: jsmilky: Koons does not even make his own art.  He pays people to make it for him.  The Wall Street Journal had a front page article
about this, maybe ten years ago.

So, the whole thing is kinda like that scene from Tom Wolfe's "Back To Blood."


Yes.  I read the scene he wrote about Art Basel in Miami and his description of the glass plaques of the artist farking his wife are based on work Koons did back in the early 90s, when he was married to an Italian porn star.  And that seemed to be the problem with Wolfe's book: it would have been really on-point if he'd published it a decade ago or more.

Jeff Koons was a stockbroker before he became an artist.  I think that's about all you need to know about him and his art, which is really just a mass-produced commodity with a very large pricetag attached.
 
2014-05-17 10:17:37 AM  
with Steve Wynn's eyesight  he might have though he was buying a Botero http://en.wikipedia.org/wiki/Fernando_Botero
 
2014-05-17 10:31:54 AM  
It's called supporting the arts. Better him than my tax dollars paying some starving artist to crap on a canvas and hang it up in Central Park.
 
2014-05-17 11:36:04 AM  

bigbobowski: I just think if I had 28 million I had absolutely no use for, that I was determined I had to get rid of, I like to think I'd find 28 struggling families an give them a million a piece.
/popeye sucks.


The artist can do that now.
 
2014-05-17 12:54:44 PM  

Wangiss: bigbobowski: I just think if I had 28 million I had absolutely no use for, that I was determined I had to get rid of, I like to think I'd find 28 struggling families an give them a million a piece.
/popeye sucks.

The artist can do that now.

well let me know when he does.

 
2014-05-17 03:09:52 PM  
It's been done.

farm9.staticflickr.com
 
2014-05-17 04:19:04 PM  

Wangiss: bigbobowski: I just think if I had 28 million I had absolutely no use for, that I was determined I had to get rid of, I like to think I'd find 28 struggling families an give them a million a piece.
/popeye sucks.

The artist can do that now.


He could, but instead he's using his obscene wealth to turn two townhouses on the Upper East Side into one vast mansion: http://ny.curbed.com/archives/2010/10/29/artist_jeff_koons_assembling _ upper_east_side_megamansion.php
 
2014-05-17 05:03:10 PM  
The fact that they are identical save for one detail (well two if you count the size) is the point the author is trying to make. "Is this art?" he asks. "Is this exact replica of a banal toy something that society will embrace as art, in 2014?" he asks.  It is a daring move, and one that is appreciated by the avant-garde art community. It follows in the same movement as andy warhol's soup can. I personally wouldn't have paid more than 1 or 2 million though. 28 million is a still goodly sum, even in 2014. But since it is highly publicized now, that even farkers are debating about it, it means it is a successful work, engaging the viewer in an internal debate -  and it will increase in value.
 
2014-05-17 05:59:54 PM  

Thomas Hertl's Playoff Beard: But since it is highly publicized now, that even farkers are debating about it, it means it is a successful work, engaging the viewer in an internal debate - and it will increase in value.


It may increase in value in the short term, but the art market is headed for a crash similar to one it experienced in the 1920s, when suddenly contemporary paintings which had been bought at $1 million wouldn't bring $1000 at auction.
 
2014-05-17 06:37:56 PM  

Thomas Hertl's Playoff Beard: The fact that they are identical save for one detail (well two if you count the size) is the point the author is trying to make. "Is this art?" he asks. "Is this exact replica of a banal toy something that society will embrace as art, in 2014?" he asks.  It is a daring move, and one that is appreciated by the avant-garde art community. It follows in the same movement as andy warhol's soup can. I personally wouldn't have paid more than 1 or 2 million though. 28 million is a still goodly sum, even in 2014. But since it is highly publicized now, that even farkers are debating about it, it means it is a successful work, engaging the viewer in an internal debate -  and it will increase in value.


The whole "Is this art?" thing has been done for decades or more, it's well past boring now.
 
2014-05-17 07:05:57 PM  
Is this fart?
 
2014-05-17 08:14:57 PM  

Dwight_Yeast: the art market is headed for a crash similar to one it experienced in the 1920


Citation needed
 
2014-05-17 08:52:53 PM  

WeenerGord: Dwight_Yeast: the art market is headed for a crash similar to one it experienced in the 1920

Citation needed


Well, the sun will eventually go nova too. Nothing is permanent.
 
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