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After the long hours of ranking banks, discussing prestige, and arguing over the exit opportunities of GS TMT, one thing that the monkeys here love to do is talk about what to do with their future billions.

Well, here’s one for ya.

I’m a huge fan of art, particularly those of the Old Dutch masters and some of the Impressionists, but for some reason I’ve always had an affinity for contemporary works like Mark Rothko's and while browsing through Barry Ritholtz’s blog, I came across this link.

Another Pollock might be up for auction soon and with their prices hitting nine digits, we can guess who this might end up with.

Decades ago, patrons of the art usually had to have prefixes like HRH and HSH to afford them, but fast forward to today, they’ve been replaced with suffixes like CFA and MBA.

The titans of Wall Street are now the lords of the art collecting world; Blankfein has a few Warhols, Kravis has a couple Monet’s, and of course, the undisputed king is Stevie Cohen - with a collection worth somewhere around a billion including that infamous rotting shark he got from Damien Hirst.

Now, I’m curious as to what the monkeys here think of these trophies; when you actually get your billions, would you actually plunk down eight to nine digits for a piece of canvas with scribbles of paint on it?

$8 million for a smelly shark?

$28 million for a chair somebody probably farted on?

If not then what would you collect? Sports memorabilia perhaps?

And how much would you actually spend on them at the most?

As much as I love art (of which those two^ are not), I'd probably have a coronary from losing that much from my bank account.

Then again I’m no Stevie Cohen.

Enjoy your weekend monkeys.

Comments (29)

  • firefighter's picture

    Buying a piece of art with scribbles in it isn't for the aesthetics itself but for buying a piece of history. Thousands of people can draw the Mona Lisa perfectly, but there's a reason those replicas cost $100 while the real thing costs $50 million - it's about the idea of ownership of the original. Art really divorces the aesthetic from the conceptual, and modern art has been a continual progression towards the almost purely conceptual end of the spectrum since the beginnings of Dada, surrealism, modernism, etc.

    That being said, I think most of the guys buy art for that much because they know that in 10 years, they can sell for for twice as much as they bought it for. Even if it doesn't have intrinsic value, the fact that others would be willing to pay for it gives it sale value.

  • James Hunt's picture

    Monet's earlier works of the sail boats and ocean-side cliffs are some of my favorites. Although, I have a personal affinity to local artists and photographers and the works that were created by friends of mine.

    <a href="http://www.wallstreetoasis.com/finance-dictionary/what-is-london-interbank-offer-rate-libor" rel="nofollow">LIBOR</a> wrote:
    Is the thread image a Rothko?

    Yes it is.

    In 1976, James Hunt broke the sound barrier through Eau Rouge only to retire before the event finished... following the race he had sex with three Belgian nurses at the clubhouse near La Source.

  • In reply to James Hunt
    LIBOR's picture

    James Hunt wrote:
    Monet's earlier works of the sail boats and ocean-side cliffs are some of my favorites. Although, I have a personal affinity to local artists and photographers and the works that were created by friends of mine.

    <a href="http://www.wallstreetoasis.com/finance-dictionary/what-is-london-interbank-offer-rate-libor" rel="nofollow">LIBOR</a> wrote:
    Is the thread image a Rothko?

    Yes it is.

    Thats what I thought. Sorry Jorge, love your posts but Rothko is expressionist (unless you didn't put the pic up).

    EDIT: Im a fucking pretentious prick lol.

  • kraken's picture

    Latinamerican paintings and scupltures (Cienfuegos, Matta, Colvin, no Frida Kahlo in my place ... too creepy).
    Also, it's very likely i'll end up paying for my (artists meh) relatives needs. It sucks to be the only one in the family who has a real job in my family, beside my parents/uncles.

  • LeveragedFiend's picture

    love me some van eyck

    It’s no mystery that ass has always been tits’ greatest enemy... It’s almost like a Muslim-Jewish thing, but with tits and ass.

  • In reply to LIBOR
    Jorgé's picture

    <a href="http://www.wallstreetoasis.com/finance-dictionary/what-is-london-interbank-offer-rate-libor" rel="nofollow">LIBOR</a> wrote:
    Sorry Jorge, love your posts but Rothko is expressionist.

    Which falls under the umbrella of contemporary art, says a bigger pretentious douche lol.

    People like Coldplay and voted for the Nazis, you can't trust people Jeremy

  • APAE's picture

    I'd prefer unique pieces that appeal to me simply for aesthetics. I'd prefer something I find tasteful that complements my home rather than something famous and expensive for its own sake. If the two coincide, cool. Not just for its own sake though.

    Cars. I love cars, I'd be more Leno than Cohen.

    Most people do things to add days to their life. I do things to add life to my days.

    Browse my blog as a WSO contributing author

  • happypantsmcgee's picture

    My gf just bought her second Rothko print this weekend. I like.

    If I had asked people what they wanted, they would have said faster horses - Henry Ford

  • In reply to APAE
    James Hunt's picture

    A Posse Ad Esse wrote:
    Cars. I love cars, I'd be more Leno than Cohen.

    Jay Leno's Garage is quite an expansive collection. Although, I'm not too much of a fan of all the generic sports and luxury cars. My personal favorite collections are at the Donington Grand Prix Exhibition (championship winning cars of Aryton Senna, Alain Prost, Damon Hill, Mika Häkkinen, Nigel Mansell, etc.), the Porsche Museum (there rests the epic Le Mans winning 911 GT1-98 and many other iconic racers) and the BMW Museum (where many of the BMW "Art Cars" reside).

    In 1976, James Hunt broke the sound barrier through Eau Rouge only to retire before the event finished... following the race he had sex with three Belgian nurses at the clubhouse near La Source.

  • happypantsmcgee's picture

    I would give almost anything to own a Porsche 917. Almost single-handedly saved the brand.

    If I had asked people what they wanted, they would have said faster horses - Henry Ford

  • In reply to happypantsmcgee
    James Hunt's picture

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    In 1976, James Hunt broke the sound barrier through Eau Rouge only to retire before the event finished... following the race he had sex with three Belgian nurses at the clubhouse near La Source.

  • Burnstein's picture

    I'm on a drug. It's called Charlie Sheen.

  • Jorgé's picture

    People like Coldplay and voted for the Nazis, you can't trust people Jeremy

  • cphbravo96's picture

    "The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so."
    - Ronald Reagan