Tuesday, July 12, 2005

Canadian Art still has a long way to go


Again, back in June (will the backlog ever go away?) Presse Canadienne reported that the company CAE, who make flight simulators, sold a bunch of their paintings. On the surface, all is fine and dandy, until you look at the fine print and realize that they sold "about twenty." Nine of those were sold at auction for a total of $160,000. One was a large painting by Marc Aurele Fortin for $120,000, a second was a smaller Fortin for $29,000. Which means that the remaining seven went for a total of $11,000, or about $1,500 each. They also mention that CAE sold a painting by Stanley Cosgrove for $3,000.

Ummm, can you say bargain?

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