WHO BOUGHT LEONARDO'S 450 MILLION MASTERPIECE?

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RUMOURS WERE APLENTY!!

 

IT IS NOW ASSUMED THAT THE INVESTOR IN THE LEONARDO WAS A PROMINENT SAUDI ARABIAN ROYAL AND APPARENTLY NONE OTHER THAN THE RULER OF SAUDI ARABIA, MOHAMMED SALMAN.

THIS IS AN INTERESTING DEVELOPMENT THAT WILL ALSO HAVE REPERCUSSIONS NOT ONLY ON THE ART MARKET BUT ALSO ON POLITICS AND RELIGIOUS MATTERS.

LET US WAIT FOR MORE NEWS ABOUT THE PURCHASER OF THE MOST EXPENSIVE PAINTING EVER SOLD AT AUCTION!!

 

PETER CONSTANT

VASILIS ZENETZIS AND UNIQUE ART

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ARTISTS PAINT BECAUSE THEY LOVE PAINTING

 

"I LIVE TO PAINT, NOT PAINT TO LIVE"" THAT WAS ZENETZIS SAYING AND MOTTO ALL ALONG HIS 81 YEARS.

THE MAGNIFICENT SEVEN SERIES COMPRISED SEVEN PAINTINGS PAINTED DURING ATHENS OLYMPICS 2004. FROM DAY ONE OF THE OLYMPICS, ZENETZIS MAGNETISED THE MILLIONS WHO VISITED ATHENS AND THE ACROPOLIS BY PAINTING ROUND THE ACROPOLIS AS WAS THE CASE WITH ALL THE SEVEN OIL PAINTINGS HE PAINTED DURING THE EIGHTEEN DAYS OF ATHENS OLYMPICS 2004.

THE MAGNIFICENT SEVEN ARE ALREADY PART OF GREEK HISTORY, PART OF ATHENS CULTURAL HERITAGE AND AN ARTISTIC ACHIEVEMENT THAT NO OTHER ARTIST, GREEK OR FOREIGN UNDERTOOK AT THE TIME. ZENETZIS WAS THE ONLY ARTIST ON THE ANCIENT LOCATIONS OF ATHENS PAINTING CEASELESSLY TO DEPICT THE HISTORICAL MOMENTS WAS LIVING THROUGH. THAT ATTRACTED SO THOUSANDS OF VISITORS TO ADMIRE ZENETZIS PAINTING AND PHOTOGRAPH HIM WORKING ON LOCATION AND PRODUCING THE SEVEN PAINTINGS OF THE SERIES.

PAINTING NUMBER TWO

 

VASILIS PAINTED FROM NEARLY THE SAME SPOT PAINTING NUMBER ONE OVER THE FIRST TWO DAYS BUT HE WANTED SOMETHING MORE VIBRANT, SOMETHING BETTER AND FROM NEARLY THE SPOT WHERE SO MANY TOURISTS COULD SEE HIM AND ADMIRE THE WAY HE CONSTRUCTED HIS PAINTINGS. HIS DESIRE WAS INFECTOUS, HIS PAINTING NON-STOP AND THE RESULT COULD NOT HAVE BEEN BETTER!! IT WAS SO INCREDIBLE AND I WAS HONOURED TO BE PRESENT ALL THE TIME WATCHING AND ENJOYING THE EFFORT OF AN IMPRESSIONIST WHO IMMORTALISED ATHENS AND ITS ANCIENT WORLD DURING THE OLYMPICS OF 2004!!

PETER CONSTANT

 

ART IS ALTERNATIVE FINANCE

Category: LATEST NEWS

LEONARDO SELLS FOR 450 MILLION DOLLARS

 

VASILIS ZENETZIS, UNIQUE AND RARE PAINTING AND PART OF THE

MAGNIFICENT

SEVEN, PAINTED ON LAST DAY OF ATHENS OLYMPICS 2004

 

THE WORLD REMAINED SPEECHLESS WITH THE SALE OF POSSIBLY THE LAST LEONARDO IN PRIVATE HANDS. TO SELL IN THE TENS OF MILLIONS WAS EXPECTED BUT TO SELL FOR 450 MILLION WAS A MIRACULOUS SALE THAT WILL STAND THE TIME FOR MANY A YEAR!!

THE REASONS FOR SELLING THAT ENORMOUS AMOUNT OF MONEY IS PERHAPS ENCAPSULATED IN THREE WORDS

 

RARITY  RARITY  RARITY

 

THUS, MANY ARTISTS SELL FOR MILLIONS BUT ONLY ONE PIECE WILL STANDS OUT AS THE MASTERPIECE THAT WILL SELL THREE FOUR FIVE OR TEN TIMES AS ANY OTHER PIECE BY THE SAME ARTIST.

THE QUESTION TO PRESENT TO OUR BANKERS IN EUROPE IS THIS:

 

IS ART A COLLATERAL?

IN THE UNITED STATES ART IS USED AS COLLATERAL AND THAT HAS TO BE ONE OF THE REASONS WHY ART PRICES IN THE UNITED STATES ARE ROBUST, HIGH AND REMAIN HIGH. IN EUROPE WE HAVE SERIOUS UPS AND DOWNS OF ART PRICES SIMPLY BECAUSE AN INVESTOR IS GONE, A COUNTRY IS IN FINANCIAL TROUBLE OR BECAUSE THE BANKS REFUSE TO ACCEPT AS COLLATERAL IMPORTANT PIECES OF ART THAT COST THOUSANDS, MILLIONS AND TENS OF MILLIONS. THIS IS AN ANOMALY THAT OUGHT TO BE CORRECTED FOR ONE PART OF OUR SOCIETY, ART, HAS THE HIGH STANDING IT OUGHT TO HAVE.

ART IS DEFINITELY AN ALTERNATIVE FINANCE AND AS SUCH IT MUST BE CONSIDERED BY OUR BANKS THAT STILL WORK AND BEHAVE AS IF WE ARE STILL IN THE 19TH-20TH CENTURY. IT IS TIME THE BANKS HAVE ANOTHER THOUGHT ABOUT OTHER COLLATERAL ASSETS, NOT JUST BRICK AND MORTAR!! THE ISSUE TAKES ME BACK TO THE 1980S, WHEN A BARCLAYS MANAGER TOLD ME IN A VERY RUDE WAY:

"I WILL BELIEVE THE FIGURES YOU HAVE HERE, ONLY WHEN THE MONEY IS IN YOUR ACCOUNT. I HAD THE SALE INVOICE, I HAD THE SALE CATALOGUE AND YET, TO HIM IT WAS NOT MONEY!!"

PETER CONSTANT

GREEK FINE ART AT PSATHARIS AUCTIONS IN CYPRUS

Category: LATEST NEWS

6TH DECEMBER 2017

 

 

PLENTY OF ART FROM GREEK CYPRITO ARTISTS AMONG WHOM WE NOTCE THE BEST NAMES OF GREEK CYPRIOT ART. KISSONERGIS, DIAMANDIS, GEORGIOU, KANTHOS AND LADOMMATOS.

THERE IS ALSO A GOOD REPRESENTATION OF ARTISTS FROM GREECE WITH MANGKOS, RENGOS, DOUKAS, GIALLINAS AND PANTALEON. 

WE HOPE TO GET A COUPLE OF IMAGES UP FOR ALL OUR READERS.

 

PETER CONSTANT

HELLENIC AUCTIONS PRESENTS GREEK ART IN SALONICA

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SALE 7TH DECEMBER IN SALONICA 

TRUE TO THEIR BELIEFS, TRUE TO THE SPIRIT OF ART IN GREECE THE HELLENIC AUCTION HOUSE PRESENTS A GOOD COLLECTION OF AFFORDABLE ART.  SOME VERY GOOD BARGAINS FOR THOSE WHO ARE PREPARED TO INVEST IN BETTER GREEK ART OF ARTISTS SUCH AS FASSIANOS, PAPALOUKAS, MALEAS, VASILIOU AND OTHERS.

MORE ON THE SALE AND IMAGES TO FOLLOW SOON!!

 

VASILIOU, A PAINTING OF MANY MERITS!!

 

PETER CONSTANT