An Andy Warhol Artwork Was Stolen and Never Seen Again
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An Andy Warhol Artwork Was Stolen and Never Seen Again
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Re: An Andy Warhol Artwork Was Stolen and Never Seen Again
#2What I find pretty amazing about this theft and the theft from the Isabella Stewart Gardner museum in Boston is that the pieces stolen can't be resold on the open market. Whomever is paying for these thefts, can only sell to discreet private buyers (who then can't display them openly without risking being caught). The economics of it are fascinating. A collector is paying someone to steal artwork, which then becomes an illiquid asset with significant legal liability. And the main benefit of these artworks is being able to display it to your guests, which now adds more legal liability when someone recognizes it. Who's behind these? Mob bosses? International millionaires? The 1% in the US?
Re: An Andy Warhol Artwork Was Stolen and Never Seen Again
#3Good thing they are junk. It'd be terrible if it was a talented artist's work.
Re: An Andy Warhol Artwork Was Stolen and Never Seen Again
#4What I find pretty amazing about this theft and the theft from the Isabella Stewart Gardner museum in Boston is that the pieces stolen can't be resold on the open market. Whomever is paying for these thefts, can only sell to discreet private buyers (who then can't display them openly without risking being caught). The economics of it are fascinating. A collector is paying someone to steal artwork, which then becomes…
It's as if some collectors wanted art just because they enjoy it, not just for the resale value or risk involved!
Shocking, I now!!
Re: An Andy Warhol Artwork Was Stolen and Never Seen Again
#5What I find pretty amazing about this theft and the theft from the Isabella Stewart Gardner museum in Boston is that the pieces stolen can't be resold on the open market. Whomever is paying for these thefts, can only sell to discreet private buyers (who then can't display them openly without risking being caught). The economics of it are fascinating. A collector is paying someone to steal artwork, which then becomes…
> discreet private buyers (who then can't display them openly without risking being caught)
Not if it's hanging on some rich billionaire or drug lord's bedroom. Bragging rights.
Re: An Andy Warhol Artwork Was Stolen and Never Seen Again
#6What I find pretty amazing about this theft and the theft from the Isabella Stewart Gardner museum in Boston is that the pieces stolen can't be resold on the open market. Whomever is paying for these thefts, can only sell to discreet private buyers (who then can't display them openly without risking being caught). The economics of it are fascinating. A collector is paying someone to steal artwork, which then becomes…
Watched a documentary about stolen van Gogh. Turned out the person planned to use it in negotions with authorities if he got caught (for other crimes, he was involved in drugs).
In some countries you can negotiate a shorter sentence if you agree to cooperate. ”Give me shorter sentence, I’ll bring back the national treasure - put me to jail for life and you’ll never see it”.
Re: An Andy Warhol Artwork Was Stolen and Never Seen Again
#7Good thing they are junk. It'd be terrible if it was a talented artist's work.
Could you please stop posting unsubstantive comments to Hacker News?
Re: An Andy Warhol Artwork Was Stolen and Never Seen Again
#8What I find pretty amazing about this theft and the theft from the Isabella Stewart Gardner museum in Boston is that the pieces stolen can't be resold on the open market. Whomever is paying for these thefts, can only sell to discreet private buyers (who then can't display them openly without risking being caught). The economics of it are fascinating. A collector is paying someone to steal artwork, which then becomes…
On a national basis, the top 1% in the US don't have enough money to finance bespoke art heists (nor can they generally afford black market museum pieces). So it's probably not them :)...maybe the top 0.1% or 0.01% could.
Whenever I think about this particular topic, I come to the conclusion that there must be much more nuance to it. I assume the pieces are eventually sold outside of the United States, maybe to oligarchs or royalty in other countries. Or maybe they end up becoming more like "gray market" pieces that can be semi-safely purchased under the guise of spontaneously "re-surfacing" after a number of years.
Re: An Andy Warhol Artwork Was Stolen and Never Seen Again
#9Good thing they are junk. It'd be terrible if it was a talented artist's work.
Could you please stop posting unsubstantive comments to Hacker News?
Only if you do as well. Also, I don't think that word means what you think it means. https://www.dictionary.com/browse/unsubstantive