More proof, your dollars are worthless

Discussion in 'Chit Chat' started by stock777, May 16, 2007.

  1. Warhol `Car Crash' Sells for Record $71.7 Million at Christie's

    By Lindsay Pollock and Philip Boroff

    May 16 (Bloomberg) -- An acid-green Andy Warhol painting of a gruesome car crash set an auction record for the Pop Art star, selling for $71.7 million tonight at Christie's International in New York.

    ``Green Car Crash (Green Burning Car I)'' of 1963 was estimated to sell for $25 million to $35 million. The artist's previous record, $17.4 million, was set by a 1972 portrait of Chairman Mao Zedong.
  2. Damn, so close to the record (for contemporary art at auction), but no cigar. The day before, for a tad more, $72.8 million, you coulda had "White Center", Rothko's 1950 magnum opus.


    If that's not depressing enough, consider this:

    "Seasoned auctiongoers noticed that last night rubles appeared for the first time on the salesroom’s currency board, along with dollars, euros, pounds and Swiss francs — an indication of the strong presence of big-spending Russians in the art market."

    No wonder the dollar is depressed.