Tag Archives: Income Inequality

An Entirely Uninformed Opinion on Art

For those of you who know me, you know that there’s one thing I follow with extreme interest: the art world. How I love it so. I don’t find its valuations of things to arbitrary or insanely overpriced or anything like that at all.

(JUST KIDDING. I ABSOLUTELY THINK THAT LAST THING!)

And so, it is with great interest that I point out the above painting by noted guy who just made Rex Morgan, M.D.-caliber arts, Roy Lichtenstein sold for a staggering $43.2 million. In fairness, it was only $38.5 million before tax, which is much, much more reasonable. Oh, by the way, this painting was originally purchased for $2.1 million in 1988. Somehow this painting–which I don’t think has done anything besides avoid picking up a mustard stain in the intervening 23 years–is twenty times more valuable than it was then.

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