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Archive | October 31, 2008
$5 Jackson Pollock Painting for $50 Million
These art lottery stories always make me think about the stupidity of the art market. If money motivated me I would find a lost masterpiece at a flea market every few years. A $5 painting worth $50 million is a wonderful story, but it’s a story that should be in the fiction section. Just because a Jackson Pollock sells for $140 million doesn’t mean that paintings which look like Jackson Pollock also increase in value.
My art lottery rant is purely based on common sense though, so maybe the painting is worth $50 million.
The Gallery Delisle in Toronoto, Canada has the “Jackson Pollock” painting up for sale with a price tag of $50 million. The retired truck driver Teri Horton bought the painting for $5 back in 1992 and has been nicknamed “Teri’s Find.” It was rejected by the “elite U.S. art community” but received “forensic authentication.”
For me, a quote on CBSNews from Teri Horton sums this painting up.. “Do I personally think it’s worth $50 million? Hell no. It’s worth the $5 I gave for it. It’s ugly.”
>> Art Controversies, Jackson Pollock