Bill McCarthy
Member
Any comments on Peter Lik's 6.5 million doilar sale of "Phantom" this past November?
Any comments on Peter Lik's 6.5 million doilar sale of "Phantom" this past November?
Yet no one knows what really happened ...
Yet no one knows what really happened ...
Any comments on Peter Lik's 6.5 million doilar sale of "Phantom" this past November?
In addition to Phantom, Lik’s Illusion ($2.4 million) and Eternal Moods ($1.1 million) were also sold to the same buyer. These, along with his sale of One ($1 million) in 2010, mean that Like now holds four of the top 20 spots for most expensive photographs ever sold. Due to privacy concerns, the buyer has requested to remain anonymous, but is represented by Los Angeles lawyer Joshua Roth. “Our client is a long-time collector of Lik’s works and is delighted to add these one-of-a-kind photographs to his impressive collection,” Roth commented.
I found this link to be an interesting read.
http://blakeandrews.blogspot.ca/2014/12/tortured-logic.html
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We should also remind ourselves that while the primary market is closed, because prices are defined by the seller, the secondary market is open, because prices are defined by offer and demand. The secondary market is therefore much more representative of the actual value of the object in the context of a large field of interested parties, while the primary market is only representative of the value in the eyes of a limited number of individuals. In other word in the secondary market prices are defined by mutual consent, often under the format of public auctions, while in the primary market prices can be defined by intentionally rarefied availabilty with the prices defined solely by the seller.