Hey you have another chance. Next month Christie's is selling another Monet - Moulin de Limetz - that is expected to bring up to $25 million USD (195 million HKD)
I never understand why the bidding takes so long at these auctions. Are the people on the other end of the line frantically searching between the cusions on their couch for another half million or something?
It's because of the real buyers with money is trying to figure out how much they are willing to spend to launder or invest, Classic art is essentially a very high price property that gives returns a lot sooner. They need to figure out with their accountant whether it worth it. Cause sometimes you buy something at $51 million it turns into $72 million within a year, some might have that kind of money to want to spend on one art piece.
As one who has bid multiple times in these situations in then past, the simple truth is every bidder wants to purchase the Artwork in question for as little as possible (which is one reason they also try to cut the bid increments, if the auctioneer will allow). This is all mental warfare, and each person has their own ideas regarding the psychology involved to obtain the best (lowest) result and still walk away with the Artwork.
You actually thought they are spending ridiculous amounts of money for the love of art? Like any asset, they are betting on it appreciating in value over time.
@@Ejadopatra Nope they use Hong Kong dollars this is literally in the description of the video. "sold for $61,489,000 HKD / $7,850,880 USD after fees."
It is cheap. The owner can put it on an exchange and make billions in revenue for the brokers of those exchanges---all while the art might be sitting in some billionaire's home already.
I thought it was selling for 51 million USD. Still a seriously huge amount of money though. I will stick to my 'Sunflowers' musuem replica. (looks awesome by the way)
That one bidder going up by a half-million at a time was a bit irritating seemingly trying to get it on the cheap. He finally caught the clue the other bidder was going to top him off at the next million no matter what.
Hate to break it to you buddy, but being born into money and climbing over everyone and breaking laws and finding loopholes so you benefit while society suffers isn't being "smart", it's both selfish AND stupid.
@@unknownunknown5244 They buy an expensive piece of art. They donate this piece of art to a charitable organization. Due to their donation, the government can give them a tax write off, this write off is usually much more valuable than the price of the art so it’s a profit. I guess. Take what I say with many grains of salt.
When I was watching this video and someone asking price of $40 million, I gasped to myself, "What on earth would they bid for that picture painting??" Towards the end of the video, I accidently shouted, "$52 dollars!" When it was sold for $51 million dollars, I went dumb saying, "Doh!" I guess I didn't pay attention to the details, hahahaha!!
It actually sold for $7 million US dollars - the auction was in Hong Kong so the 51 million is in HKD. Next month Christie's is auctioning another Monet that is expected to bring up to $25 million USD (just over 195 million HKD). Of course the record for a Monet is $110 million USD.
As a first time bidder on “premium” lots you need a reference from their existing premium clients. But for cheap stuff estimated under HKD 5mio you just need your passport, bank reference, credit card, valid address w utilities bills (for new bidders). Once you have a Sothebys client ID, basically you can bid at any venue anytime by phone bid, absentee bid, online bid, or bidding through a 3rd party platform
it takes an average American 7 or even 10 years of after tax salary, just to up the bid once at a amount so small in this context thats almost laughable, which is 500k btw
Le opere d'arte fanno parte del patrimonio dell'umanità, pertanto dovrebbero essere esposte nei musei pubblici (Pagando il biglietto ovviamente). Francamente, non capisco cosa se ne possa fare un privato che, una volta acquistata è costretto a metterla in un caveau ed aspettare che il valore aumenti, non ha senso.
@@margo3367 What do you mean his "garden" paintings? Do you mean his Waterlily series? Clearly you know nothing about art. This is a wonderful painting that shows Monet's early move towards abstraction.
@@margo3367 most works that are in private hands aren't I comic pieces you see in museums because those are pieces were donated years and years ago. The artworks in auction now are priced high because of the scarcity of art that are in private hands. Once art enters the public domain, they rarely go back into private hands again.
I am the first to admit that I am incredibly ignorant and a little stup*d on art auctions or art / paintings in general. I am also clearly not artistic since I don’t appreciate how this painting can fetch at that exorbitant price tag. LOL. 😂 I don’t even know why YT recommended this video. It makes me much poorer than I’m already am. 😢
So like, I'm just a man that win lottery, if i bought one of those means that i can sell it in the future because it's valuable right? And it's artworks, art are legal stuff. And i got one of my people in the auction house, to create invoices show that i using my money because i win lottery, but in reality I'm a mastermind underground drug dealer and i need clean moneyy 🥶🥶
I'm gonna say this piece is worth about $3000 actually. Not even one of his best. There's probably 10 painters within 500 miles of you that can paint that and do work at the same level.
i dont know..... if i was a millionaire i would bet in round digits. whats with the half a million addition. listen lady, if you are a billionaire in the other side of the line 'go big or go home'. say, 35, 40, 50, 70 bid sequence. again, im not a millionaire so dont really follow my advise youtube readers.
I was yelling out $60 million! No one heard me! 😂
Hey you have another chance. Next month Christie's is selling another Monet - Moulin de Limetz - that is expected to bring up to $25 million USD (195 million HKD)
1st of all return my 82 million which you took last week
😂😂😂😂
HAHAHAHAhAHA
Plot twist: They are talking to each other.
I'm more impressed with the way Monet used the blue in this piece.
I’m more impressed with Sotheby’s blue screen
@@zw88123 cringe comment
@@zw88123 just because u cant respect a skill doesn't mean u should mock it
amazing comment. love it haha.
I never understand why the bidding takes so long at these auctions. Are the people on the other end of the line frantically searching between the cusions on their couch for another half million or something?
Was thinking the same thing. Are they cupping the phone while asking their wives “is it ok dear?”
It's because of the real buyers with money is trying to figure out how much they are willing to spend to launder or invest, Classic art is essentially a very high price property that gives returns a lot sooner. They need to figure out with their accountant whether it worth it. Cause sometimes you buy something at $51 million it turns into $72 million within a year, some might have that kind of money to want to spend on one art piece.
Maybe it's mind games.
Just FYI, some of these bidders are museum committees, investment funds mgmt, no just individuals.
As one who has bid multiple times in these situations in then past, the simple truth is every bidder wants to purchase the Artwork in question for as little as possible (which is one reason they also try to cut the bid increments, if the auctioneer will allow). This is all mental warfare, and each person has their own ideas regarding the psychology involved to obtain the best (lowest) result and still walk away with the Artwork.
That painting will probably stay in storage and just trade owners
You actually thought they are spending ridiculous amounts of money for the love of art?
Like any asset, they are betting on it appreciating in value over time.
It's because of taxes
Tax right off
this is for money laundering purposes.
@@TheWayToGameHD write
Beautiful Masterpiece.
💐
How
Honey: what’s in the shopping bag?
Uhhhh, nothing, just a poster that I got from the mall.
How much was it??
And this is the value of your shopping bag copyright
L joke
$51 mil Hong Kong dollars is a $6.5 mil US dollars.
It's 5q mil US Dollars
@@Ejadopatra Nope they use Hong Kong dollars this is literally in the description of the video. "sold for $61,489,000 HKD / $7,850,880 USD after fees."
@@Ejadopatra in the description they do clarify its Hong Kong dolars
To be honest, US $7.8 million for a Monet painting is actually cheap.
It is cheap. The owner can put it on an exchange and make billions in revenue for the brokers of those exchanges---all while the art might be sitting in some billionaire's home already.
How does this work?
@@Moyojt Supply and demand. The demand for his painting is high but there are only so many of them out there.
I thought it was selling for 51 million USD. Still a seriously huge amount of money though. I will stick to my 'Sunflowers' musuem replica. (looks awesome by the way)
That one bidder going up by a half-million at a time was a bit irritating seemingly trying to get it on the cheap. He finally caught the clue the other bidder was going to top him off at the next million no matter what.
Yeah only half a million at a time what a poor scumbag!
Uh..that’s actually how most bid in auctions. Are you new to this? Is it your first time watching?
@@Xela07727 Just learning. Appreciate the tip. Thanks.
Wish I was the rich person on the other end of those phones
me 2
Rich in money?
@@LilAligatorwell no shit
@@LilAligatorNo shit bro
that $51 million after a few years price will go up and will be "donated" to a museum. viola a
$100 million tax write-off.
Ohhh.. you are right, so that’s why.
Rich people tax evasion 101.. 🤣
@@RVdw-ph9ucit’s tax avoidance not evasion. You would be smart to participate in tax avoidance, especially when you have a lot more to loose.
Hate to break it to you buddy, but being born into money and climbing over everyone and breaking laws and finding loopholes so you benefit while society suffers isn't being "smart", it's both selfish AND stupid.
Can you please explain how they can avoid tax by purchasing an expensive art piece and donating it afterwards?
@@unknownunknown5244 They buy an expensive piece of art. They donate this piece of art to a charitable organization. Due to their donation, the government can give them a tax write off, this write off is usually much more valuable than the price of the art so it’s a profit.
I guess. Take what I say with many grains of salt.
evryone working at sotheby's is looking better and smarter than most polititians. they should run countrys
The smartest thing they did is not entering government or involved in politics
When I was watching this video and someone asking price of $40 million, I gasped to myself, "What on earth would they bid for that picture painting??" Towards the end of the video, I accidently shouted, "$52 dollars!" When it was sold for $51 million dollars, I went dumb saying, "Doh!" I guess I didn't pay attention to the details, hahahaha!!
It actually sold for $7 million US dollars - the auction was in Hong Kong so the 51 million is in HKD. Next month Christie's is auctioning another Monet that is expected to bring up to $25 million USD (just over 195 million HKD). Of course the record for a Monet is $110 million USD.
@@jamesrawlins735 Thanks for letting me know that it was in Hong Kong dollars. Whew! I never thought it would be too high to enjoy it.
The guy on the other end of the phone at the end of the auction: “wait, what did I just buy again?”
7.8M USD only? thats a steal
This is a beautiful piece, honestly think it’s worth more.
masterpiece
Was it live? I missed it wa
#39 beef and broccoli.
@@jasminespencer3992 hilarious 🤣
And Monet doesn’t get anything from this.
He doesn’t even know people are fighting over it.
好奇Alex做這份工作多久了？我有看過他十幾年前的影片🤣🤣🤣
I think we should sue our school system not teaching us how to be around these people.
The beauty of the tree...
I don't understand why the price is so high. What are people paying such money for? I have three beautiful paintings; please sell them for me.🙂
Give me the "Monet". For that amount you can buy a chateau in this area of France with THAT view.......except it's REAL!!!
Oh i missed out,i had a spare 2 billlion lying around in the shed😂
Is it banned to use headsets here?
i wonder.. how does one apply to participate in this?? are there any requirements apart from being filthy rich?
Work for a museum or private collection
As a first time bidder on “premium” lots you need a reference from their existing premium clients. But for cheap stuff estimated under HKD 5mio you just need your passport, bank reference, credit card, valid address w utilities bills (for new bidders). Once you have a Sothebys client ID, basically you can bid at any venue anytime by phone bid, absentee bid, online bid, or bidding through a 3rd party platform
it takes an average American 7 or even 10 years of after tax salary, just to up the bid once at a amount so small in this context thats almost laughable, which is 500k btw
As poor man i just enjoying this show 😂😂😂
Phone's not plugged in.
spending millions on a piece of paper but can't afford an iPhone that's crazy
52 million! Please, someone take my bid. Wow, what a tug of war of the super rich, between what seemed like Asia vs Europe.
That's actually 7 million USD - the 52 million is in Hong Kong Dollars (HKD).
These paintings are bought for investments like properties ,owners dint give a damn about the paintings
How do I get a job were I spend other people's millions? lol
Did it go into a private collection never to be seen again? I hope at least they packed it away safety in a vault....
People on the phone are pretending to talk to someone.
Finished watching 4:43
When it's big money these auctioneers speak slowly.
와우좋아요🎉🎉🎉🎉🎉🎉🎉
Let me have that 50.5 Million Wendy, I volunteer!!!
Who won ?
Rothschild
Putin
Le opere d'arte fanno parte del patrimonio dell'umanità, pertanto dovrebbero essere esposte nei musei pubblici (Pagando il biglietto ovviamente). Francamente, non capisco cosa se ne possa fare un privato che, una volta acquistata è costretto a metterla in un caveau ed aspettare che il valore aumenti, non ha senso.
That piece will trade and make the owner billions on the art exchanges
The stability of the world’s economy placed in bids over some paint on canvas.
And it wasn’t even one of Monet’s iconic works, like his garden paintings.
@@margo3367 What do you mean his "garden" paintings? Do you mean his Waterlily series? Clearly you know nothing about art. This is a wonderful painting that shows Monet's early move towards abstraction.
@@margo3367 most works that are in private hands aren't I comic pieces you see in museums because those are pieces were donated years and years ago. The artworks in auction now are priced high because of the scarcity of art that are in private hands. Once art enters the public domain, they rarely go back into private hands again.
Could you imagine the reps misunderstanding their customer because the of language barrier!? Lol “I said: $500,000.00, not $50,000,000.00!”
Each of the client representatives speaks fluently to the bidder, in the bidders native language.
@@toddlevin its just a joke, Todd…. I realize there would be excellent communication, especially when you are dealing with millions of dollars lol
The best place for laundering something 😏
This is what happens, when people have a lot of money and don't know what to do with it
"Can we do an extra million? :)"
Guess you could say the owner has a lot of monet
I took a screenshot for free. Who paid so much.
Rich people really don’t know what to do with their life lol
i could paint that
Swear one of them is talking to their mom
who can wash dirty money the quickest FIGHT!
Claude Monet would be a billionaire now.....
All those dudes making like 20k for sitting on the phone.
what are they doing in the midst of war?
ONE JILLION DOLLARS! ☝️
28$….29$….33$….36$….39$..,,42$….45$…57$….60$….. sold. !!!
when people dont know what to do with their money...
Pause between bits were too long…
I’m sure Steve Cohen bought it .
Well done Alex? For raising his hand when told?!
I am the first to admit that I am incredibly ignorant and a little stup*d on art auctions or art / paintings in general. I am also clearly not artistic since I don’t appreciate how this painting can fetch at that exorbitant price tag. LOL. 😂 I don’t even know why YT recommended this video. It makes me much poorer than I’m already am. 😢
My son just painted a similar picture. I think we can start at 5 Million? Who wants it?
Fools playing with fools. Brilliant !
can you actually show the painting and not the bid collectors
the first 24 seconds shows the painting……
@@stevenlaput9496 footage would arguably be better interspersed with it.
I really cant understand art and on why they are so freaking expensive 😅
Rich people need something to spend their money on
So like, I'm just a man that win lottery, if i bought one of those means that i can sell it in the future because it's valuable right? And it's artworks, art are legal stuff. And i got one of my people in the auction house, to create invoices show that i using my money because i win lottery, but in reality I'm a mastermind underground drug dealer and i need clean moneyy 🥶🥶
I'm gonna say this piece is worth about $3000 actually. Not even one of his best. There's probably 10 painters within 500 miles of you that can paint that and do work at the same level.
i dont know..... if i was a millionaire i would bet in round digits.
whats with the half a million addition. listen lady, if you are a billionaire in the other side of the line 'go big or go home'.
say, 35, 40, 50, 70 bid sequence. again, im not a millionaire so dont really follow my advise youtube readers.
500,000 increment is in Hong Kong Dollars - thats about $63,000 in US Dollars.
LOL
Ehhhhh how is that thing worth more than $50
Then the painting was fake
Art piece is all for money laundry?
No painting is worth 50 million
Welcome to the world of madness, where people are starving and the world is still at war.
Cool ...
why wasnt it owned by public. considering it is from the past and very valuable. why it is owned by one person.
Cost of living crisis
La gente rica ya ni sabe en qué gastar su dinero 😂
51 million for this s**t
2024 and landlines are still used
Who are they calling? Their sugar daddies?
Is that Max Fucking Fosh
Would you like a plastic bag
Imagine it is fake😂
Painting has the same quality as your local swap meet pictures! Totally Hideous, insane bidders!
The painting wasn't that good.
from the start i know that guy will won the bid, he's using his own phone to make call.
also 2:53 the girl in the middle remind me of my ex! wtf
The worst is the person who kept bidding up 500k… grow some balls
Nice way to launder money
How much for red iPhone girl
200 million dollars ... 🎉😎💰💵💵💵💵💵💵💵
That painting, my 7 years son can draw better than that LOL.
But your son will never be Monet.
And then it go bansky
A little over 6 million US dollars
$7,850,880 USD after fees.
All Sotheby’s auctions are in USD, so it’s USD $51M
Next month Christie's is auctioning another Monet that is expected to bring in up to $25 million USD (195 million HKD).
Wow
You are wrong, look at the video description @@Zelmung
for a painting.....the worlds gone mad ...🤮🤮🤮🤮🤮
There is no real value in this shit, it's only as good as the next buyer believes. It's a scam, plain and simple.