This auction had high sales, and it was on the news. Feng Yu had bought two paintings at a high price, but it was only mentioned at the end of the news. Today's news headlines were all about Paul Allen buying an oil painting for 80 million USD. Of course, it was also mentioned that he had spent more than 200 million USD in Sotheby's auction, and many people called him an art speculator.
Some artists started to criticize Paul Allen, saying that he had shamed art, but they did not mention Feng Yu, who had also bought the two paintings at a high price.
Paul Allen might be depressed, but Feng Yu's mood suddenly became better. It was because he had received a piece of good news.
"Kameda, are you sure you can buy that painting?"
"Yes, and the price will not exceed 70 million USD. It might not even cost 50 million USD. More importantly, this painting meets your requirements, right? "Masao Kameda said confidently.
Feng Yu patted Masao Kameda's shoulder. "Hahaha, Kameda, good job. Oh, do you like this type of oil painting? If you like it, you can pick one of these two paintings. I will give it to you! "
Kameda Masao's eyes opened wide. His Boss had spent 70 million USD on each of these paintings, and it was one of the top three most expensive paintings in the past decade. It was also one of the top ten most expensive paintings in the history of oil painting, and Kameda Masao was going to give him one of these paintings!
"Boss, this is too expensive. This is not suitable. I cannot accept it." Masao Kameda was scared.
"Eh … … You have been working so hard, and you have put in so much effort. This is what you deserve. Don't be shy with me. I said I will give it to you, so just take it. "
Feng Yu had high hopes for Masao Kameda. Occasionally, he will give Masao Kameda some favors to make Masao Kameda work harder for him. With such a talent, Feng Yu can save a lot of work. Masao Kameda could help Feng Yu earn more than 70 million USD every year.
"This … Thank you, boss. Don't worry boss, I will definitely help you buy that painting at the lowest price. "Masao Kameda patted his chest and promised.
When Masao Kameda knew that Feng Yu had bought the two oil paintings at a high price at the auction, he told Feng Yu that Japan also had a lot of western artworks, such as oil paintings.
In the past few years, the art market was not doing well, and the price of oil paintings had fallen. This year, there were signs of recovery, but because of the internet bubble, the price of art did not rise.
Fortunately, Feng Yu and Paul Allen had appeared at this auction. Otherwise, the price of this auction wouldn't have been so high. Some of the oil paintings in this auction had failed to be auctioned in the last London auction.
Feng Yu casually asked Masao Kameda if there were any good oil paintings in Japan. Masao Kameda told Feng Yu that in the late 1980s, many Japanese businessmen like to collect art. That's why many western and eastern art works were in the hands of Japanese tycoons. At that time, Japan had a lot of money.
Later, when Japan's economy collapsed, some art works were in the hands of bankers, mainly to pay off debts. As for paying off debts, the prices of the art works will be lower. During this period, Japan's art works will be frozen. Most of the art works auctions will have a lot of art works that failed to be auctioned. The starting price is too high, and no one will bid for it.
Kameda Masao gave Feng Yu an example. He told Feng Yu about a painting by Picasso called < The Marriage of Pierrette >. It was sold for more than 50 million USD, and it was the highest price ever. If it wasn't for this auction, this record would still be there.
But now, the estimated value of this oil painting in the bank was less than twenty million dollars.
Actually, this painting will not be sold for less than 20 million USD. Many art collectors will be willing to buy it for 20 million USD. But the banks will not sell it. This painting was mortgaged for more than 30 million USD. Furthermore, the bankers had estimated the value of this painting to be more than 50 million USD. They will not sell it for less than 20 million USD. The 20 million USD price is only for the banks to keep the accounts.
Feng Yu listened. What is the name of this oil painting? < Pierrette's Wedding >? What's more important is the word 'wedding'. Also, it is a painting by Picasso. He is the most famous painter in modern history. Buy! I must buy this painting!
Masao Kameda returned to Japan to discuss buying < Pierrette's Wedding >. But when he came to Japan, he was full of confidence. But now, he is embarrassed.
Masao Kameda had thought this painting will not sell in Japan, and the price will drop. Even if the bankers estimate the value of this painting to be very high, they will not sell it for more than 50 million USD.
But now, the bankers are asking for 60 million USD!
A few years ago, no one bought this painting for more than 40 million USD, and the price kept dropping.
Why are the bankers asking for such a high price? It's because they said that it is springtime for art, and the price of oil paintings will rise again. The Sotheby's auction a few days ago is proof!
Masao Kameda is helpless. He knew why the price at that auction had reached a new high. It's because his boss wanted to buy an oil painting for Mr. Kirilenko as a wedding gift and inflated the price.
Did this count as shooting oneself in the foot? Because the shop owner had inflated the price, the price of "Pierrette's Wedding" had also been reevaluated.
Kameda Masao kept persuading the bankers to lower the prices. But the bankers were determined not to lower the prices. This painting was originally owned by Tinagi Financial Group. It had changed hands twice before it landed in their hands.
Recently, the share prices of tech companies had plummeted, and the bankers had lost a lot of their investments. They want to use this painting to make up for their losses.
Feng Yu waited for two days, and there was still no news. He called Kameda Masao to ask if he had bought the painting.
"Boss, there is a change of plans."
"What's wrong? They are not selling it?" Feng Yu asked anxiously. How can they not sell it? He must buy this painting.
"It's not that they are not selling it. It's because their asking price is too high. They said this year's Sotheby's auction is proof that the price of oil paintings will rise. "Masao Kameda explained.
"How high is the price? Is it more than 100 million USD? "
"Huh … … Not really. They are asking for 60 million USD, and I am still selling it to 55 million USD. Boss, give me some time, and I will surely lower the price further. "
"It's fine. Just buy it." Feng Yu replied generously. Regardless of the price of this painting, the price Feng Yu paid for it is a gift to Kirilenko. It doesn't matter if it's more than 10 million USD, as long as it is one of a kind.
"Boss, is one oil painting enough for Mr. Kirilenko?"
"Yes. Why?"
"I have another proposal. We can use another painting you have to exchange for this < Pierrette's Wedding > and ask them to give us some other artworks. I saw some antiques belonging to Hua Xia in their artworks catalog. "
Antiques belonging to Hua Xia? Feng Yu is interested in exchanging them.
"Ok. You can make the decision. You can also add some cash if necessary. You are very thoughtful."
… …
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