nytimes.com
His most reproduced disaster silkscreen is 1947 White, a news photograph of a fashion model who jumped from the Empire State Building and landed on the roof of a diplomatic limousine.
Donald N. Thompson • The $12 Million Stuffed Shark: The Curious Economics of Contemporary Art
Art followed a similar path.
For centuries, it was a passion asset, a canvas-bound vault for the wealthy. Then Sotheby’s launched a financial services division.
Art-backed loans took off. And in 2024, they packaged $700 million worth of art-secured debt into investment-grade bonds.
A Rembrandt may still hang on a wall, but it now funds interest... See more
For centuries, it was a passion asset, a canvas-bound vault for the wealthy. Then Sotheby’s launched a financial services division.
Art-backed loans took off. And in 2024, they packaged $700 million worth of art-secured debt into investment-grade bonds.
A Rembrandt may still hang on a wall, but it now funds interest... See more