Putting A ($2 Million) Price On Art
- Posted by Andrea Methot
- Filed in Arts
- May 27, 2008
While you were at work yesterday, maybe feeling a little guilty about that $5 latte you just bought, a man named Ash Prakash was down on King St., spending almost $2 million on a painting. This painting pictured, in fact - Tom Thomson's Pine Trees At Sunset. You've probably come across this story already, because it's smashed Canadian art auction records. Estimated to go for $900,000 to $1 million, by the time all was said and done, the final price tag was $1,957,000.
But the thing that gets me is a little detail dropped into CTV's story: that 12 years ago, this very same painting went up for auction at $65,000, and didn't sell.
(You'll have to watch the video to hear that fact; it's not mentioned in the write-up.)
What causes a painting to skyrocket in value like that? Some are citing Thomson's mysterious death, but that was in 1917, so you'd think this would have caught our attention sometime before today.







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