The 'Finding of Moses' is a Lavish Piece of Artwork
Amanda Chang — November 5, 2010 — Luxury
References: vivrearia.blogspot & luxist
This 'Finding of Moses' painting is undeniably inspirational. A beautiful 19th century Sir Lawrence Alma-Tadema painting, this artistic piece of work was sold November 4, 2010 to an unknown bidder for a lavish $35,922,500!
The painting had an original pre-estimated selling price of $3 million to $5 million, so it's no doubt why the $35 million price tag has shocked and awed many in the art world. The 'Finding of Moses' will mark a new world record for the coveted artist, as his last painting only sold for $2.8 million.
The painting had an original pre-estimated selling price of $3 million to $5 million, so it's no doubt why the $35 million price tag has shocked and awed many in the art world. The 'Finding of Moses' will mark a new world record for the coveted artist, as his last painting only sold for $2.8 million.
Trend Themes
1. Art Market Explosion - The skyrocketing prices of luxury art pieces represent a disruptive innovation opportunity for art investors and galleries to capitalize on the growing demand for high-value artworks.
2. Record-breaking Auctions - The increasing frequency of record-breaking auctions provides an opportunity for auction houses and art dealers to attract wealthy buyers and strengthen their position in the art market.
3. Investment in Fine Art - The surge in the value of fine art offers a disruptive innovation opportunity for financial institutions to create specialized art investment funds that cater to the growing interest of high-net-worth individuals.
Industry Implications
1. Art Market - The booming art market presents a disruptive innovation opportunity for artists, collectors, and art platforms to leverage the increased value of artworks and explore new revenue streams.
2. Auction Houses - The rise of record-breaking auctions presents a disruptive innovation opportunity for auction houses to attract top-tier collectors, diversify their offerings, and generate substantial revenue.
3. Financial Services - The growing investment potential in fine art provides a disruptive innovation opportunity for banks, wealth management firms, and alternative asset managers to establish art investment divisions and cater to the financial needs of upscale clients.
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