Last month, we noted that Stan the Tyrannosaurus Rex was befittingly right up there with the most expensive works of art at preview for a Christie's sale of 20th century art. That he predated his fellow items on the catalogue be about 67 million years was irrelevant as the fact that he was a work of genius (albeit not human) was undeniable. However, now that the dinosaur skeleton has fetched almost four times its estimated price of $6-8 million at a gullet-choking $31,847,500 at the sale this week, it is evident the auction house had put Stan in the wrong list. He should have been there with those chunks of carbon and other fossilised remains that are cut, polished, set and sold, otherwise known as gemstones. More so as the T Rex roared in an auction that otherwise saw eight unsold and four works withdrawn out of a total of 59, fetching the second highest price of the sale. Stan has clearly established fossils as a valuable new genre of installation art. As the Royal Opera House in the UK currently mulls hocking its David Hockney to tide over its pandemic-triggered downturn, many museums may now realise that they are sitting on piles of money rather that mere ancient bones. And given that Stan's buyer is reportedly an unexpected collector from the Middle East, the market for paleontological art, so to speak, is bigger than many realise.
One museum's fossil can be an art collector's installation In December 2019, a real banana duct-taped to a wall, billed as a work called comedian, by the Italian satirical artist Maurizio Cattelan fetched $120,000 at a prestigious art show in Miami. Not long after, another identical work by the same artist was also sold for the same amount.Both buyers were French and they were connoisseurs, not consumers, presumably. Not only did the perishable nature of the art not affect its saleability— a 'performance artist' peeled the banana off the wall and ate it — the work was declared the 'unicorn of the art world'. If that banana symbolised the evenescence of an artistic idea, its timelessness will surely be underlined by the sale of a67 million-year-old composition of bones that is the highlight of Christie's Evening sale of 20the century Art in October in New York. The 'work' has been named Tyrannosaurus Rex(by paleontologists) and Stan (by its finders...
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