REAL ESTATE NEWS
Why did a painting sell for 3X as much as the most expensive home ever sold? #artist #lofts #architecture #davinci #warner
Amazon CEO Jeff Bezos made news when he recently purchased a Beverly Hills mansion for $165 million, setting the record for the most expensive home sold in California. The sprawling estate, originally built for Warner Bros. executive Jack Warner, was sold by media tycoon David Geffen. The 13,000-square-foot mansion, with it’s own nine-hole golf course and gas station, and perhaps could be considered a work of art — so why did it sell for only 1/3 the price of a painting? | Blog Video
The painting sold in 2017 was created by a person whom many consider to be among the most important creative minds in history, Leonardo da Vinci (1452ā1519). Regarded as one of the greatest artists of all time, he is well known for his two other remarkable paintings: The Mona Lisa and The Last Supper. At 26 inches tall, Da Vinci’s third great painting, Salvator Mundi is a painting by the Italian Renaissance artist dated to c. 1500. The builder of the Warner estate was quite proficient to say the lease, but not nearly so notable as eternally celebrated polymath Da Vinci.
While it may take far more expensive resources to make, the estate can be replaced, while the Da Vinci painting cannot. That’s why the painting sold for 300% more than the most expensive home.
Architecture is often considered synonymous with art, and an historic deco sensation like an Eastern Columbia loft usually costs under $2 million. Investing in that kind of masterpiece is genius.
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