kleinbl00:

You're an investor, mk - where are you making your edge? Cryptocurrency, obviously, but then, you know cryptocurrency.

Let's say you're an art collector. You've made your edge on art. All your other investments are in the shitter, though - even real estate is looking spooky because we have to be nearing the top. And new contemporary artists are way too speculative; who knows what they'll be worth in 5 years.

But a Da Vinci? the dude is not prolific. He's also got a pedigree - Da Vinci has been collected by kings for five hundred years. The Louvre insured The Mona Lisa for $100m in 1962 - that's an easy $800m today. So what you have is a rare asset that has shown long-term value that seldom changes hands.

Let's say it sells for $550m in ten years. That's a seriously disappointing result, right? but it beats inflation.

End of times? Rational market. Is a "questionable" da Vinci worth 100x as much as dead butterflies on a heart? Fuck to the yes, dude. Be real. Is it fucking ridiculous that dead bugs under lacquer are worth four and a half million fucking dollars?

Again, fuck to the yes. but IF=DAMIEN HIRST, THEN=HALF BILLION DOLLAR DA VINCI.


posted by mk: 248 days ago