25 Comments

Thank you Joel for another educational read on the never ending comedy of man! And speaking of Art, donโ€™t forget the master pieces that Hunter Biden sold to many democrats for tens of thousands each! Beauty and Art are in the eye of the beholder, and a persons reality is based a hundred percent on that individuals perceptions. Now excuse me while I finish slicing my 30 cent banana into my cereal and finish my morning reading which you always contribute much happiness towards ๐Ÿ˜Š

Expand full comment

And still the Emperor has no clothes.

Expand full comment

โ€œPutting the con in connoisseur.โ€ Another line worth stealing. Youโ€™ve done it again Joel!

Expand full comment

Everybody seems to want to impress their peers. I am grateful that I don't move in circles where I need to buy such "art" in order to impress my peers.

Expand full comment

It must be nice to have money to spend on bullshit

Expand full comment

Amen. That buyer definitely has more dollars than sense.

Expand full comment

The rotten banana duct taped to the wall auctioned was a straight up example of money laundering. A bevy of slaves, or some other illegal transaction was bought and paid for with a banana. No different than using crypto, except reading the block chain and all wallets and transactions can be seen and tracked. The identity of the person behind a crypto wallet cannot be seen but some wallet holders are known.

One of my well heel customers buys and sells art overseas, he just so happens to own a few homes in Europe. No better way to move money out of the USA than sending art and selling it on the other side.

Who knows maybe one of the stars in Hollywood is keeping their promise to move to Europe.

Expand full comment

Yesterday I joined some women at an exercise class at the YMCA. As the leader was trying to explain a dance exercise, she pointed out that her "common sense" might not be the same as someone else's "common sense". I thought "common sense" was sense that we have in common!

Obviously from your art examples, there is no explaining people's "sense", common or not.

Expand full comment

I have a blueberry for saleโ€ฆ top bidder gets it. Iโ€™ll take a Venmo payment. Note, the blueberry is frozen.

Expand full comment

Racist! I sir in a black berry. Are you still a cool phone.

Expand full comment

Top Work JB!!!

Expand full comment
2dEdited

Art, music, literature, pretty much the culture, have degenerated over the centuries since the Reformation, AKA, The Enlightenment. That culture has degenerated is intuitively obvious to even the most casual of observers, but it's blindingly obvious to anyone who is not blind, when looking at Leonardo's The Last Supper, or even Girl with a Pearl Earring by Vermeer, and then viewing anything by Pollack or Warhol. Less obvious to some is listening to Bach, Beethoven, or Handel, and listening to any modern "music;" not because it's a personal choice, but because people's worldview has degenerated as well. But, if you're paying attention, it's obvious that there is a vast difference between Beethoven's 9th Symphony, and the lowest form of music degeneration - country music. But in saying that, I do not mean to denigrate those who listen to country music. (If you listen to country music, 'denigrate' means 'put down.')

Expand full comment

It could be seen as an act of altruism. What a generous man, to go to such lengths to demonstrate how distorted society has become.

Bravo!

Expand full comment

โ€ฆas Mr. Trump is trying to help the dems understand their wayward follies.

BTWโ€ฆI working on a canvas of oil drips from the NEW JAGUAR transitional bi-ped transitional transportation vehicle, which will be welded to the gates of the internment camps down on the Texas borderโ€ฆcivilization in crisis?

Expand full comment

Joel, I'm by no means an Art expert, but the old paintings are an accepted commodity like gold and silver, and maybe should only be bought with gold and silver. The new art is bought with Fiat currency and thus is maybe just Fiat Art. Just my opinion, for what its not worth.

Expand full comment

If one wants to โ€œinvestโ€ in something most find ridiculous, at least he is contributing to the economy. Maybe itโ€™s wealth distribution by another name. Or, it could be a means to another end like buying a Hunter Biden piece of, well, you know;

Expand full comment

In My opinion, a fool and His money soon depart ways!

Expand full comment

As a crypto billionaire, Mr. Sun probably does see humor in the artistโ€™s astronomical, and preposterous, return on investment.

Expand full comment

Some men spend over one million dollars on cam models. An AI-enhanced virtual fantasy, often unknowingly chatting with a bot or studio worker, and never to meet in person even though porn is free and easily accessible. Subjective value?

Two cam models planted malware on a man's computer and stole all his personal and financial data after he tipped them thousands of dollars and spent months helping them promote and improve their stream. I asked him if it was worth it. He said it was until his wife found out! Subjective value?

It makes no sense! You could showcase your wealth at high-end social functions and establishments and attract a gold digger wife, go online and attract a foreign bride half your age, or wine and dine and be with a high-class call girl or sugar baby from the local college for much less! Lol!

Expand full comment

Whatโ€™s the jingle-in-pocket felt sense if Mises is rephrased to โ€œValue is relativisticโ€?

If Value Is Subjective, & Accounting For Taste canโ€™t be audited because thatโ€™s Pentagon Budget stuff, does that imply valuers arenโ€™t to be objectified & tasters arenโ€™t to be tested - even to failing grades?

Greater Fools theory of Greater Quantities of Fiat can apply to Pollock et al, but thereโ€™s no Greater Fruits theory.

And it is also apparent that conspicuous consumption can be displayed by the already very conspicuously consumed. Itโ€™s alimentary, Watson, that banana-buyer is more acid/igested than assiduous.

Also apparent that thereโ€™s no bad valuation publicity, but that buying the Brooklyn Banana Bridge instead would not have returned as good a bad publicity valuation โ€ฆ or something.

Expand full comment