Published at 30th of December 2020 01:40:04 AM
Chapter 1129: 1129
Chapter 1129 – The marriage of Pierrette
The art pieces’ transaction prices in this auction are ridiculously high, and it was reported on the news . The two paintings won by Feng Yu was briefly mentioned at the end of the report, and Paul Allen hogged the headlines . He had bought a painting for 80 million USD! Of course, the report also mentioned that he had spent more than 200 million USD at the auction . This made many people unhappy and called him an art flipping speculator .
Some artists criticize Paul Allen for bringing shame to art, and none of them mentioned anything about Feng Yu .
While Paul Allen is in a bad mood, Feng Yu’s mood suddenly changed for the better . This is because he had received a piece of good news .
“Kameda, are you sure you can buy that painting?”
“Yes, and the price will not be more than 70 million USD . I might even get it for less than 50 million USD . More importantly, this painting is what you want, right?” Kameda Masao replied .
Feng Yu patted Kameda Masao’s shoulder . “Hahaha… Well done! Oh, do you like these oil paintings? If you like, you can pick one of these two . I will give it to you!”
Kameda Masao’s eyes opened wide . Feng Yu had bought these paintings for 70 million USD each . 70 million is the third-highest transaction for an art piece in the last ten years . It is also one of the top ten transactions in modern art history, and Feng Yu is giving him one of these paintings!
“Boss, the painting is too valuable . I cannot accept it . ” Kameda Masao was surprised .
“You had worked so hard, and you deserved it . Just pick one of it . ”
Kameda Masao is very important to Feng Yu, and giving him some perks occasionally will make him work harder . Kameda Masao is a talent and had helped Feng Yu a lot . The amount of profits Kameda Masao earned for Feng Yu is more than 70 million USD .
“This… thank you, Boss . I will help you get that painting at the lowest price . ” Kameda Masao patted his chest and promised .
After Kameda Masao knows Feng Yu had bought two paintings at the auction, he told Feng Yu that Japan has many Western paintings .
A few years ago, when the art market is not doing well, prices for art pieces had plunged . The market is supposed to recover this year, but the internet bubble burst .
It is only at this auction, where Feng Yu and Paul Allen made ridiculous bids . Otherwise, this auction’s transactions will not be so high .
Feng Yu asked Kameda Masao about the paintings in Japan . Kameda Masao told Feng Yu that during the end of the 1980s, many Japanese businessmen started collecting art pieces . That’s why many famous art pieces from the West and East fell into their hands . During that period, Japan is very rich .
After that, Japan’s economy collapsed, and many of these art pieces fell into bankers’ hands . Those paintings were used as loan repayments . But doing this will make the value of these paintings drop further . Even when these paintings were put up for auctions with low bidding prices, no one is interested .
Kameda Masao told Feng Yu that Picasso’s painting, , was transacted for more than 50 million USD in the past, making it one of the most expensive paintings at that time .
But now, this painting is evaluated as not worth more than 20 million USD .
Actually, this painting is not worth so little . Many art collectors are still willing to spend 20 million USD on this painting . The bank is not willing to sell it, as they had bought the painting for over 30 million . Furthermore, this painting is worth more than 50 million USD in those bankers’ hearts and will not sell it at 20 million USD .
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Feng Yu heard the name of this painting . This is the perfect gift for Kirilenko’s wedding . It is painted by one of the most famous painters, Picasso! He must get it!
Kameda Masao returned to Japan and got his men to negotiate about the purchase of this painting .
Kameda Masao thought this painting remained unsold in Japan, and the price had dropped . Even if those bankers valued this painting highly, it would not be more than 50 million USD .
But the bankers demanded 60 million USD!
A few years ago, no one was interested in this painting even when the price was 40 million USD .
Why are those bankers demanding such high prices?! This is because of the recent art auction in New York! The market for art pieces had recovered!
Kameda Masao felt helpless . He knew why the transactions at that auction had broken records . It was his Boss who made high bids to buy a wedding gift for Mr . Kirilenko .
This is shooting himself in his foot . Feng Yu had pushed up the prices of artworks, and this painting was revalued .
Kameda Masao tried his best to lower the prices, but those bankers refused . This painter’s original owner is Nippon Tri-Trust and switched owners twice before falling into those bankers’ hands .
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The recent financial crisis had caused most of the internet companies’ share prices to fall . The bankers had suffered massive losses, and they want to use this painting to recoup some losses .
After waiting for two days, Feng Yu grew impatient and called Kameda Masao to ask about the painting .
“Boss, there are some problems . ”
“What? Did they refuse to sell?” Feng Yu grew anxious . How can they refuse to sell this painting?! He is determined to buy it .
“It’s not they are refusing to sell it . They are demanding a high price as they said the recent Sotheby’s auction is proof that oil paintings’ value is going to rise . ” Kameda Masao explained .
“How high is their asking price? Is it more than 100 million USD?”
“Huh?! It’s not that high . They ask for 60 million USD, but I managed to lower it to 55 million USD now . Give me some time, and I will surely suppress it lower . ”
“It’s fine . Just buy it now . ” Feng Yu replied . He doesn’t mind paying a few million more, as this is a gift for Kirilenko . Most importantly, it must be unique .
“Boss, are you only going to give Mr . Kirilenko one painting?”
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“That’s right . Why are you asking?”
“Then can I propose another solution? Use the painting you had bought to exchange for and ask them to add in a couple more art pieces . I saw one Chinese antique vase among their collection . ”
A Chinese antique vase? Feng Yu is interested in getting that too .
“Alright . You will make the decision . If necessary, you can add in some cash as well . You had made a wonderful suggestion . ”
Les Noces de Pierrette
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