Archives for: July 2007, 13

A Warhol "Painting" of a Car Crash Sells for 71 Million

July 13th, 2007

A Warhol "painting" which is actually photographs of a car crash painted green recently sold for 71 million. Now, the question is: what does this sale, of this subject, at this price mean? One answer is proposed in Socio Times, a Socionomic Commentary.
"This sale should turn out to be very relevant, one of the all-time great metaphors for what happens to art and other investment values when a downturn in the stock market coincides with the start of a full-fledged deflationary collapse. "
Here is a link to the full article:

http://www.sociotimes.com/archives/2007/07/warhol_peak_moo.aspx

Have a great weekend, Mike

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