I am astounded that it reached this price as Jeff Koons is still alive and could make more of these.
This market cycle has the smell of 1990s when the Japanese paid 86 million for an impressionist painting, soon followed by collapse of the tech market, which in turn resembles IPOs coming to market today for companies like Uber that have no path to profitability.
There is some thinking that we may be in a massive asset bubble that is about to burst, as the cheap money of the past 10 years has kept stock, housing, collectibles and other asset prices grossly inflated
quite a range of thinking in the responses. what struck me when I saw it in relation to coins is how really inexpensive it makes Historically Important artifacts seem. two that come to mind are the 1933 Double Eagles and the 1792 Half-Dismes, both with a direct connection to significant events for the United States. I know that wealthy people have advisers so I wonder if the subject of coins ever comes up?? considering the trophy art we're discussing, it will probably end up on loan to a Museum with prop's given to the owner.
I wonder if it actually sold for that much money. How do we know for sure? Can we trust some press release? I'm quite skeptical.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
What struck me is that the billionaire boys club can play the same game with rare coins. It goes like this: "hey buddy i'll buy your Koons for an outrageous price then when I sell my Koons it will fetch an outrageous price"
It would be interesting when this piece comes up for resale, whether it holds its value or not.
At least I can tell it's a cartoonish rabbit and not some twisted pile of brown rebar that looks like feces, and hailed as a masterwork by the so-called art-critics. The same people who could write paragraphs on the deep meaning of a blank canvas.
@amwldcoin said:
Just look at how music has evolved. I can't believe some of the stuff that is considered music today! And my parents thought Rock and Roll was bad!
@Tyrock said:
What passes for art today is at times ridiculous. And it just goes to show that some people have more money than common sense.
It is interesting to hear how music has evolved and how music from the 50-80s are the underlayment for the music now. Sometime you can hear it, thinking, I’ve heard this before... but can’t quite place it. Dig into label and see the credits.
Everything is a cycle. Bell bottoms, big hair, rich, poor, phones, vinyl record players, etc.
There is an HBO documentary that came out last year called "The Price of Everything" that features Koons and this sculpture in particular, along with several other intersecting segments of the modern art industry. The documentary called Koons "Lobby Art", as in it's the kind of thing you'd see in a shopping mall or corporate headquarter building--a fate worse than death for a "real" artist. I was hoping it would be the nail in his overpolished stainless steel balloon coffin.
You'll see the bunny and its owner around :45 on this trailer:
@amwldcoin said:
Just look at how music has evolved. I can't believe some of the stuff that is considered music today! And my parents thought Rock and Roll was bad!
@Tyrock said:
What passes for art today is at times ridiculous. And it just goes to show that some people have more money than common sense.
It is interesting to hear how music has evolved and how music from the 50-80s are the underlayment for the music now. Sometime you can hear it, thinking, I’ve heard this before... but can’t quite place it. Dig into label and see the credits.
Everything is a cycle. Bell bottoms, big hair, rich, poor, phones, vinyl record players, etc.
I have no idea what you are talking about, but my mood ring is telling me that it is time to feed my Tomagachee and Furbie. After that I have to comb my mullet, put on my shutter shades and Doc Martens and head to arcade for a Rubik's Cube and Pac-man tournament! I hope everyone Has a nice day!
@amwldcoin said:
Just look at how music has evolved. I can't believe some of the stuff that is considered music today! And my parents thought Rock and Roll was bad!
@Tyrock said:
What passes for art today is at times ridiculous. And it just goes to show that some people have more money than common sense.
It is interesting to hear how music has evolved and how music from the 50-80s are the underlayment for the music now. Sometime you can hear it, thinking, I’ve heard this before... but can’t quite place it. Dig into label and see the credits.
Everything is a cycle. Bell bottoms, big hair, rich, poor, phones, vinyl record players, etc.
I have no idea what you are talking about, but my mood ring is telling me that it is time to feed my Tomagachee and Furbie. After that I have to comb my mullet, put on my shutter shades and Doc Martens and head to arcade for a Rubik's Cube and Pac-man tournament! I hope everyone Has a nice day!
If I was offered that so called art at a yard sale or flea market for $5, I'd pass on it.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
.
.
.
Plus here is a coin since it is a coin message board.
The beauty dot is fully original and organic. You know you can't live without it. I no longer own it nor know where it is, but I will still accept payments for it.
"To Be Esteemed Be Useful" - 1792 Birch Cent --- "I personally think we developed language because of our deep need to complain." - Lily Tomlin
@Broadstruck said:
I see this the same as a $88K 1964 SMS SP67 with a Spot
Me too. Or 12,888 Bitcoins locked away in blockchain, or 7137.25 ounces of gold in a safe-deposit box, or 1,265 monster boxes of 2019 Silver American Eagles out in the garage.
When the Very Young Actress/Model Crowd sees that magnificent Chrome Bunny they're APT to start hoppin and poppin on any bouncy surface....... Trampoline, Bed.... whatever. A couple Mill for Bouncy Bunnies? Sounds like a deal to me.
@Tyrock said:
What passes for art today is at times ridiculous. And it just goes to show that some people have more money than common sense.
The real irony is that if it was made after the 2008 LME default on nickel there's a good chance it will rust eventually. Modern "stainless" isn't necessarily rust proof.
@asheland said:
That's actually 71,000 ozs of gold. That's just sick.
True.... And as of this post that piece is equivalent to 71,260 oz gold , 12,651 BTC , or 12,569 monster boxes of the newest eagles. So let's hope most get the idea. Coins aren't that expensive , in comparison. But, I started looking at these newest quarters with the "W" mintmark in PCGS holders selling for stupid money on ebay, most recently. Who's selling them ? Bravo !
@BryceM said:
I wouldn’t display that ugly trinket in my house if you paid me to take it. Why anyone would pay more than $20 for it is inexplicable. I call BS. That emperor ain’t wearing any clothes.
This is a common problem.
I'd be interested in an art historian's take on it who had never seen or heard of it before.
Now days people wrap themselves in words and advertising and think it's sufficient.
@TradesWithChops said:
The buyer is Treasury Secretary Steven Mnuchin’s father.
Nope. He was bidding for a client. See above.
cant find any source that says this, "The New York Times says Robert E. Mnuchin, an art dealer and the father of Treasury Secretary Steven Mnuchin, was the winning bidder for "Rabbit,"..."
Yes, he is an art-dealer, so he could have been representing somebody. It doesn't say that he was acting in that capacity, though.
@TradesWithChops said:
The buyer is Treasury Secretary Steven Mnuchin’s father.
Nope. He was bidding for a client. See above.
cant find any source that says this, "The New York Times says Robert E. Mnuchin, an art dealer and the father of Treasury Secretary Steven Mnuchin, was the winning bidder for "Rabbit,"..."
Yes, he is an art-dealer, so he could have been representing somebody. It doesn't say that he was acting in that capacity, though.
It seems the clickbait-iness of the headline has buried this detail in most news outlets that published the story.
"Jeff Koons was once again crowned the world’s most expensive living artist at Christie’s Post-war and contemporary evening sale in New York last night when his stainless steel Rabbit (1986) sold for $80m ($91m with fees) to the art dealer Robert Mnuchin, the father of the US Secretary of Treasury Steven Mnuchin, who was bidding on the floor for a client."
@amwldcoin said:
Just look at how music has evolved. I can't believe some of the stuff that is considered music today! And my parents thought Rock and Roll was bad!
@Tyrock said:
What passes for art today is at times ridiculous. And it just goes to show that some people have more money than common sense.
It is interesting to hear how music has evolved and how music from the 50-80s are the underlayment for the music now. Sometime you can hear it, thinking, I’ve heard this before... but can’t quite place it. Dig into label and see the credits.
Everything is a cycle. Bell bottoms, big hair, rich, poor, phones, vinyl record players, etc.
I have no idea what you are talking about, but my mood ring is telling me that it is time to feed my Tomagachee and Furbie. After that I have to comb my mullet, put on my shutter shades and Doc Martens and head to arcade for a Rubik's Cube and Pac-man tournament! I hope everyone Has a nice day!
How could you forget POG"S?
Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
@CommemDude said:
I am astounded that it reached this price as Jeff Koons is still alive and could make more of these.
This market cycle has the smell of 1990s when the Japanese paid 86 million for an impressionist painting, soon followed by collapse of the tech market, which in turn resembles IPOs coming to market today for companies like Uber that have no path to profitability.
There is some thinking that we may be in a massive asset bubble that is about to burst, as the cheap money of the past 10 years has kept stock, housing, collectibles and other asset prices grossly inflated
With him still being alive he very well could make more of these. Rabbits are known to multiply quite fast.
Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
@1Mike1 said:
Just a few days ago someone dropped a little over $110,000,000 on a Monet. Big money is on the move.
In this context, did the Supernova Double Eagle really sell for that much or should it's potential be much higher? How can these people direct some funds to coins?
@TradesWithChops said:
The buyer is Treasury Secretary Steven Mnuchin’s father.
Nope. He was bidding for a client. See above.
cant find any source that says this, "The New York Times says Robert E. Mnuchin, an art dealer and the father of Treasury Secretary Steven Mnuchin, was the winning bidder for "Rabbit,"..."
Yes, he is an art-dealer, so he could have been representing somebody. It doesn't say that he was acting in that capacity, though.
Sounds very misleading. News from the NYT can't always be trusted.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Comments
I can hear some of the art collectors call it "modern junk" already.
I am astounded that it reached this price as Jeff Koons is still alive and could make more of these.
This market cycle has the smell of 1990s when the Japanese paid 86 million for an impressionist painting, soon followed by collapse of the tech market, which in turn resembles IPOs coming to market today for companies like Uber that have no path to profitability.
There is some thinking that we may be in a massive asset bubble that is about to burst, as the cheap money of the past 10 years has kept stock, housing, collectibles and other asset prices grossly inflated
Commems and Early Type
quite a range of thinking in the responses. what struck me when I saw it in relation to coins is how really inexpensive it makes Historically Important artifacts seem. two that come to mind are the 1933 Double Eagles and the 1792 Half-Dismes, both with a direct connection to significant events for the United States. I know that wealthy people have advisers so I wonder if the subject of coins ever comes up?? considering the trophy art we're discussing, it will probably end up on loan to a Museum with prop's given to the owner.
I wonder if it actually sold for that much money. How do we know for sure? Can we trust some press release? I'm quite skeptical.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
What passes for art today is at times ridiculous. And it just goes to show that some people have more money than common sense.
I see this the same as a $88K 1964 SMS SP67 with a Spot
Just look at how music has evolved. I can't believe some of the stuff that is considered music today! And my parents thought Rock and Roll was bad!
What struck me is that the billionaire boys club can play the same game with rare coins. It goes like this: "hey buddy i'll buy your Koons for an outrageous price then when I sell my Koons it will fetch an outrageous price"
It would be interesting when this piece comes up for resale, whether it holds its value or not.
At least I can tell it's a cartoonish rabbit and not some twisted pile of brown rebar that looks like feces, and hailed as a masterwork by the so-called art-critics. The same people who could write paragraphs on the deep meaning of a blank canvas.
10-4,
My Instagram picturesErik
My registry sets
It is interesting to hear how music has evolved and how music from the 50-80s are the underlayment for the music now. Sometime you can hear it, thinking, I’ve heard this before... but can’t quite place it. Dig into label and see the credits.
Everything is a cycle. Bell bottoms, big hair, rich, poor, phones, vinyl record players, etc.
There is an HBO documentary that came out last year called "The Price of Everything" that features Koons and this sculpture in particular, along with several other intersecting segments of the modern art industry. The documentary called Koons "Lobby Art", as in it's the kind of thing you'd see in a shopping mall or corporate headquarter building--a fate worse than death for a "real" artist. I was hoping it would be the nail in his overpolished stainless steel balloon coffin.
You'll see the bunny and its owner around :45 on this trailer:
--Severian the Lame
But, alas, not to inherit it or win the lottery.
I have no idea what you are talking about, but my mood ring is telling me that it is time to feed my Tomagachee and Furbie. After that I have to comb my mullet, put on my shutter shades and Doc Martens and head to arcade for a Rubik's Cube and Pac-man tournament! I hope everyone Has a nice day!
LOL!
Modern are is the perfect place to hid money now.
https://www.pcgs.com/setregistry/quarters/washington-quarters-major-sets/washington-quarters-date-set-circulation-strikes-1932-present/publishedset/209923
https://www.pcgs.com/setregistry/quarters/washington-quarters-major-sets/washington-quarters-date-set-circulation-strikes-1932-present/album/209923
I like rabbits.... Just not that much!
My YouTube Channel
Dealer: Its a very attractive coin to add to your collection.
Me: Yea I guess so, I can't complain seeing how much that silly wabbit went for.
Dealer:
If I was offered that so called art at a yard sale or flea market for $5, I'd pass on it.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Kind of reminds me of this British skit and which also applies to some coins in my most humble of opinions.
Then there is the public, many of whom view coin people the same way.
Somewhere someone has seen most of us coming a mile away at times.
.
.
.
.
.
.
Plus here is a coin since it is a coin message board.
The beauty dot is fully original and organic. You know you can't live without it. I no longer own it nor know where it is, but I will still accept payments for it.
"To Be Esteemed Be Useful" - 1792 Birch Cent --- "I personally think we developed language because of our deep need to complain." - Lily Tomlin
Me too. Or 12,888 Bitcoins locked away in blockchain, or 7137.25 ounces of gold in a safe-deposit box, or 1,265 monster boxes of 2019 Silver American Eagles out in the garage.
``https://ebay.us/m/KxolR5
That's actually 71,000 ozs of gold. That's just sick.
My YouTube Channel
When the Very Young Actress/Model Crowd sees that magnificent Chrome Bunny they're APT to start hoppin and poppin on any bouncy surface....... Trampoline, Bed.... whatever. A couple Mill for Bouncy Bunnies? Sounds like a deal to me.
The real irony is that if it was made after the 2008 LME default on nickel there's a good chance it will rust eventually. Modern "stainless" isn't necessarily rust proof.
True.... And as of this post that piece is equivalent to 71,260 oz gold , 12,651 BTC , or 12,569 monster boxes of the newest eagles. So let's hope most get the idea. Coins aren't that expensive , in comparison. But, I started looking at these newest quarters with the "W" mintmark in PCGS holders selling for stupid money on ebay, most recently. Who's selling them ? Bravo !
``https://ebay.us/m/KxolR5
This is a common problem.
I'd be interested in an art historian's take on it who had never seen or heard of it before.
Now days people wrap themselves in words and advertising and think it's sufficient.
The buyer is Treasury Secretary Steven Mnuchin’s father.
Minor Variety Trade dollar's with chop marks set:
More Than It's Chopped Up To Be
Nope. He was bidding for a client. See above.
cant find any source that says this, "The New York Times says Robert E. Mnuchin, an art dealer and the father of Treasury Secretary Steven Mnuchin, was the winning bidder for "Rabbit,"..."
Yes, he is an art-dealer, so he could have been representing somebody. It doesn't say that he was acting in that capacity, though.
Minor Variety Trade dollar's with chop marks set:
More Than It's Chopped Up To Be
So for that kind of money that must have been one rabbit that Bullwinkle did not pull out of his hat...
Experience the World through Numismatics...it's more than you can imagine.
It seems the clickbait-iness of the headline has buried this detail in most news outlets that published the story.
https://www.theartnewspaper.com/news/koons-s-rabbit-hops-to-a-record-breaking-usd91m-while-pop-lots-dominate-christie-s-post-war-and-contemporary-evening-sale
"Jeff Koons was once again crowned the world’s most expensive living artist at Christie’s Post-war and contemporary evening sale in New York last night when his stainless steel Rabbit (1986) sold for $80m ($91m with fees) to the art dealer Robert Mnuchin, the father of the US Secretary of Treasury Steven Mnuchin, who was bidding on the floor for a client."
Here it is on Bloomberg too:
https://www.bloomberg.com/news/articles/2019-05-16/steel-rabbit-by-koons-sells-for-record-91-million-at-auction
How could you forget POG"S?
With him still being alive he very well could make more of these. Rabbits are known to multiply quite fast.
thanks!!
Minor Variety Trade dollar's with chop marks set:
More Than It's Chopped Up To Be
This is worth repeating in my opinion.
Just a few days ago someone dropped a little over $110,000,000 on a Monet. Big money is on the move.
"A dog breaks your heart only one time and that is when they pass on". Unknown
C/R/A/Z/Y !!!
Interesting that he's in a lot of lawsuits.
https://thefederalist.com/2017/06/20/jeff-koons-ballerina-reminds-us-originality-matters/
In this context, did the Supernova Double Eagle really sell for that much or should it's potential be much higher? How can these people direct some funds to coins?
Sounds very misleading. News from the NYT can't always be trusted.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
The buyer is our USA Sec'y of Treasury father. Maybe he should start collecting coins or on the other hand he shouldn't
This one is a LOT cheaper! 🐰
My YouTube Channel
This sculpture is 41 inches tall. Other collectibles like paintings and cars are also larger. Perhaps coins or medals just need to be bigger?