David Choe paintings at Facebooks first headquarter may be woth north of $200M in a few days without being sold. How this works?
The Artist took stock for paintings at the company’s headquarters instead of cash. His payout may be $200 million by Facebook IPO. Some other investors, especially the early ones, may even make billions of dollars.
Taking stocks may be one of the smartest move in terms of early art valuation in history. Other than regular artists of his guild do, the Choe had a bright foresight or may he just was the lucky winner of a smart bet.
When Google went to market with its $1.67 billion I.P.O. in 2004, hundreds of people joined the millionaire ranks, including secretaries, a company masseuse and a company chef. This time you can also count in a modern-day renegade artist who uses to put up party pics of himself spending enormous amounts of money on alcohol on his facebook page. Just recently he promoted photos of a $40.000 bottle of alcohol; a single shot is $888, much more than I sent on drinks for a whole party crowd usualy