Guy buys photo of a potato for 1 million

Irelandcool

http://www.dailymail.co.uk/news/article-3414188/Spud-like-Photographer-stars-snapped-Johnny-Depp-Yoko-Ono-Bob-Geldof-sells-picture-POTATO-750-000.html

Just saying if this all it took to get rich then lets go for it.

The Backwards Man

Not even a decent spud.

The Backwards Man

The Backwards Man wrote: »

Not even a decent spud.

You wouldn't be saying that if it was a sod of turf :pac:

The Backwards Man

Deleted User wrote: »

You wouldn't be saying that if it was a sod of turf :pac:

Haha, there's good heat out of burning potatoes actually. That one looks better for heating than eating and all.

I've an awful longing now for a bowl of spuds with lots of butter.

Junkyard Tom

Do you have a chip on your shoulder about it?



Chip

Junkyard Tom

Junkyard Tom wrote: »

Do you have a chip on your shoulder about it?



Chip

Stoppit now.

I had Menas earlier asking me what my favourite biscuit is and now you going on about chips!

Noodles81

A photo of a spud...

Did it come in a gold and diamond encrusted frame?

Is it a portal to another dimension...

Is it a Kardashian offspring rolled in dirt?

The Holy hand grenade of Antioch?

The mind boggles.

kneemos

Think that's bad.A blue painting with a white line down the middle sold for $44 million. http://ri.search.yahoo.com/_ylt=A9mSs2fm1qZWEisAeBBB4iA5;_ylu=X3oDMTByMnE1MzMwBGNvbG8DaXIyBHBvcwMzBHZ0aWQDBHNlYwNzcg--/RV=2/RE=1453803366/RO=10/RU=http%3a%2f%2fwww.nytimes.com%2f2013%2f05%2f15%2farts%2fdesign%2frecord-auction-price-for-barnett-newman-at-sothebys.html/RK=0/RS=ECI3eQgENSm9D9N8hwacznSFpCs-

Robsweezie

kneemos wrote:

Think that's bad.A blue painting with a white line down the middle sold for $44 million.

A fool and his money:-o

kneemos

Robsweezie wrote: »

A fool and his money:-o

Possibly shrewd investors. Having paid that much raises the profile of the "artist" and makes his work even more valuable.

Arghus

Is it a record?

Grayson

Arghus wrote: »

Is it a record?

nah, golden wonder

Robsweezie

Robsweezie wrote: »

A fool and his money:-o

Art like this rarely gets realised at a loss. The people before him paid under 4m and he will well for 60m.

kneemos

[Deleted User] wrote: »

Art like this rarely gets realised at a loss. The people before him paid under 4m and he will well for 60m.

It's a racket basically.Paying forty million means it's worth forty million and will increase in value because it's a valuable painting worth forty million.

nullzero

I would like to look at it whilst being served a single plum floating in perfume in a man's hat.

seamus

The potato actually looks a bit like Bob Geldof. Maybe that's the appeal?

smash

seamus wrote: »

The potato actually looks a bit like Bob Geldof. Maybe that's the appeal?

I have a turnip that resembles Joseph Merrick. I should take a photo and sell it.

Dodge

100% fake news

Your man says he sold it privately and to a buyer he can't name, and he was the one who brought the story to the media.

He also drops the names of his other business interests casually too

Dodge

100% fake news

Your man says he sold it privately and to a buyer he can't name, and he was the one who brought the story to the media.

He also drops the names of his other business interests casually too

biko

'He has photographed many potatos. This one is one of his favourites.

hmm ok..

Dodge

Dodge wrote: »

100% fake news

Your man says he sold it privately and to a buyer he can't name, and he was the one who brought the story to the media.

He also drops the names of his other business interests casually too

Get that chip off your shoulder.

valoren

Kevin likes potatos because they, like people, are all different yet immediately identifiable as being essentially of the same species

Earth to Kevin, come in Kevin.

valoren

Kevin likes potatos because they, like people, are all different yet immediately identifiable as being essentially of the same species

Earth to Kevin, come in Kevin.

smash

valoren wrote: »

Kevin likes potatos because they, like people, are all different yet immediately identifiable as being essentially of the same species

Earth to Kevin, come in Kevin.

Kevin is a potato!

cowboyBuilder

More total bollocks art being bought by an attention seeker.

Like someone actually bought those 12 cans of sh't sold by some "artist" ...

I think it's a way to show of wealth, like burning $1million because you can.

eeguy

And the artist doesn't even pay tax on that million.

seamus

eeguy wrote: »

And the artist doesn't even pay tax on that million.

Only the first €50k is exempt.

In situations like this it's more common to declare it under CGT rather than personal income. Taxed at 33%, the CGT payable on this is €330,000.

Declared as income for a self-employed person, you will pay approximately €510k in tax on this income, even with the exemption.

Wibbs

Robsweezie wrote: »

A fool and his money:-o

It's how fools and their money get together in the first place that fascinates me.

kneemos wrote: »

It's a racket basically.Paying forty million means it's worth forty million and will increase in value because it's a valuable painting worth forty million.

Oh it can be a racket and hyper rich types with no clue vying for brownie points among themselves, but there can be another aspect in the art trade(and high end antiques, jewellery and watches), a currency substitute for the very wealthy. A currency substitute that can be moved around more easily than regular currency. At this level the market organically decides that work/object A is worth X and that sets the value and away we go. I've seen it in a big way in the really high end vintage watch market over the last five years. And we're not talking about tacky rap artist covered in diamonds and gold type stuff either. Stainless steel very basic looking watches that would be worth double of the pimp my watch types. And very easy to move across borders… Oh and the same examples tend to come up for auction and back into the secondary currency market a couple of times a year. Similar can be seen with art works too. Not the obvious grand masters, because they're well… obvious, but small prints and the like by artists the general public(nor customs or the taxman at times) wouldn't recognise.

mzungu

The Backwards Man wrote: »

Not even a decent spud.

Taters gonna tate!

maudgonner

An Irishman. Sells a picture of a potato. To a German Man. And it's reported in an English paper...

Revenge for the famine and the bailout in one fell swoop. In your face Merkel and Trevelyan!