Auctions for Self-Portrait with Pipe, 2008 #3 and #4 closed late last night, making two eBay users incredibly happy. Each painting normally would fetch several thousand dollars. But, as a result of a Grand Experiment by Nelson Diaz, #4 fetched $112.50 to what appears to be a user in France. #3 sold for slightly more, $203.50.
The first painting in this series sold for a substantial $745, but this appears to have been an isolated incident. Two bidders engaged in a last-minute battle to win Self-Portrait with Pipe #1. The second installment in the series, which I own (!!!!!) sold for only $202.50. At this point, the auctions stabilized.
The fifth piece is now going under the virtual gavel. The auction began last night, almost as soon as the third and fourth ended. The action is already hot. Though it only became available last night, #5 is already at $102.50, and I’m betting that user’s maximum bid is actually higher (I bid it up to $100, and it turned over to an awkward amount, which means there’s probably more financial muscle behind this bid).
SoHo-based artist Nelson Diaz is stepping up the pace. The accomplished artist, whose work is held in the New York Academy of Art and The Eileen Guggenheim Collection, is auctioning two more paintings as a way to protest art market inflation. Using eBay to communicate this unique political message, Diaz has elected to begin the bidding at $1 and has set a price objective of $300 per painting … at most.
Diaz embarked on this project following the May 2008 Christie’s Contemporary Art Auction, at which a triptych by British master Francis Bacon fetched a princely sum of $86 million. Based on conversations he had had with Bacon during a weekend in 1985, Diaz is convinced that the eccentric and reclusive genius would not have been happy with the prices collectors are willing to pay for his work. Thus, the “Grand eBay Experiment,” as Diaz calls it, is a show of respect for and solidarity with Bacon.
Currently, the bids for both auctions are still at $1, but much could change in the next 6+ days. Keep an eye on these auctions, and don’t be afraid to participate!
Well, the second $1 auction by rebel artist Nelson Diaz has come to a close, and I can proudly say that I am the owner of another Nelson Diaz original. I’m quite excited about this and can’t wait to hang it up. I haven’t decided if I’m going to hang it at work or at home yet. Tough call.
Here’s the dilemma. Sometimes when I’m at work, I need some “art therapy.” I need to infuse the aesthetic into the daily grind. Writing about the stuff I cover at the office can get dry, and I just need to behold something creative. I keep a few books at my desk for this reason: Rene Magritte and Francis Bacon. From time to time, I wander the halls and check out the work selected by our interior designers. It can get me through a slump, but it isn’t the same as having my own canvas above my desk.
But, there are security concerns, and I’d hate to see the painting stolen. On the other hand, none of the company’s stuff has been stolen, but I don’t know how firmly they have been fastened to the walls.
When Nelson Diaz put “Self-Portrait with Pipe, 2008” on eBay, he had hoped the price would not exceed $300. The auction, which began at 10 PM on June 15, 2008, ended last night. The winning bid was $745, and the buyer’s identity is not readily available. Despite the fact that the painting sold for twice Nelson’s objective, it is still far below the price the painting would have fetched in a private sale.
For those who missed the previous opportunity, Diaz has already begun his next auction, which is set to expire on June 29, 2008. As always, the bidding starts at $1.
For anyone familiar with Nelson’s art, this is a real steal. More important, it’s a chance to participate in a revolution. As Nelson fights the art market, he needs the help of those who are not obscenely wealthy and merely want to participate in the thrill of having an original hanging on the wall.
Nelson Diaz, the artist who is fighting the art market by selling his work for $1, is seeing his message spread. Francis Bacon-focused site, alexalienart.com, just picked up my ohmynews.com story on Diaz and Bacon. Check it out >>
Note: you’ll have to scroll down a bit. Just hit “page down” four or five times.