News — collectors RSS



DIDDY PAYS $21 MILLION FOR PAINTING BY BLACK ARTIST

DIDDY PAYS $21 MILLION FOR PAINTING BY BLACK ARTIST: HERE ARE 9 TIPS ON COLLECTING ART FOR AVERAGE FOLKS by T. BernieMay 21, 2018 The news just broke that Sean “Diddy” Combs paid $21 million for a painting by 62-year-old African American artist  Kerry James Marshall. The purchase is said to be the highest ever for artwork by a living artist and the most expensive work created by a black artist. More and more black celebrities are purchasing artwork not just as an investment, but as a way to create multi-generational wealth. Jay-Z and Beyoncé are known art aficionados; Hov even name drops famous artists in several of his songs. Who can forget the power couple bringing along little Blue Ivy to what may have been the...

Continue reading