Art Sweet Art

What if I told you that you could live in a priceless work of art? Sounds interesting, if not crazy, but people are doing it. The Wall Street Journal has reported that a home in Palm Springs, CA has sold for $15 million at Christie’s this week, setting a precedent for houses sold at an art-house auction.

Treating a house like a work of art is a relatively new concept for art dealers such as Christie’s, but it doesn’t seem that far-fetched. High profile designs by artists such as Frank Lloyd Wright have been around for decades. And, unlike many houses in this genre, they are actually livable.

It’s no wonder people want to scoop them up as soon as they go on the market. A great investment and the ultimate art purchase, these buildings combine style, design, creativity, and most importantly functionality. Instead of hanging a $50 million Rothko on your wall that you enjoy occasionally, you get more bang for your buck.

In the midst of a declining housing market, an acquisition like this combines two important factors. First, that land is always a good investment. Second, art is the only market that hasn’t been affected by the dwindling economy considering prices for artwork only appreciate. With this “new” idea of houses considered art, one can only wait for the next Le Corbusier to go on the market. Let’s get packing!