Celebrities like musicians and movie stars earn millions of dollars from their craft or by simply appearing on advertisements or TV shows and movies. With so much money to throw around, you sometimes see them spend it on big-ticket items, luxury homes, and art. While collecting art is an expensive hobby, it’s also a worthwhile one as it is a good investment that could fetch top dollar later on.
Here are five celebrity art collectors to know about:
Famous for his good looks and starring in award-winning movies like “Titanic” and “The Revenant,” Leonardo DiCaprio was reported to be seen in Art Basel Miami. He was even present at the opening of an Andy Warhol show. In 2013, he spearheaded “The 11th Hour Sale” charity auction at Christie’s, which proceeds went to environmental causes. During the show, his Andres Gursky artwork, “Ocean V,” was auctioned. DiCaprio also has a collection that includes works by Oscar Murillo and Salvador Dalí.
Multimillionaire and actress Mary-Kate Olsen loves her art and famously told Elle Magazine, “All I need is my bed and my art around me.” The other half of the Olsen twins owns works by Andy Warhol, Nobuyoshi Araki and Thomas Ruff. Last year, Mary-Kate and twin sister Ashley opened The Row, a boutique in New York that extends to three floors in a townhouse, which has priceless works by Man Ray and Basquiat.
“The Virgin Suicides” and “The Bling Ring” director Sofia Coppola is also known for her stylish flair. The daughter of Francis Ford Coppola has collaborated with Louis Vuitton in designing a capsule collection and with Marc Jacobs for a resort collection. Coppola is often spotted at Chelsea gallery openings. During her childhood, she started to collect photography, which then progressed to contemporary painters and mixed media artists. Some names in her collection include works by Elizabeth Peyton, Tracey Emin, and William Eggleston.
“Star Wars” creator George Lucas has an art collection, which has 40,000 paintings, that will be housed in the Lucas Museum of Narrative Art in Los Angeles, California. To get an idea how massive Lucas’ art collection is, PR director David Perry described it as they could “rotate an exhibit every six months for nine years and never repeat a price of art. The art pieces are worth anything from $600 million to priceless.”
According to a report from the L.A. Times, the art collection includes fine art from Edgar Degas and Winslow Homer and some pieces from the director’s Rockwell collection. There’s also a selection of illustrations from Robert Crumb and comic strips from cartoonists Charles Schultz and Al Capp and some Mad magazine covers. Apart from this, the collection also contains illustrations from classic children’s books like “Babar” by Jean de Brunhoff and original “Winnie-the-Pooh” watercolors of E.H. Shepard.
Madonna, the singer of the 1980s hit “Material Girl,” has a handsome art collection that she started when she was still working as a dancer. She spent time with notable artists such as Andy Warhol, Keith Haring, and former partner Jean-Michel Basquiat. It’s reported that Madonna’s collection has an estimated value of over $100 million. Her collection includes artworks from Man Ray, Cindy Sherman, Pablo Picasso, Damien Hirst, Salvador Dalí and Keith Haring.
3 tips that will help you define your brand voice
How to use your kindness in the office to your advantage
Legendary American singer Aretha Franklin dies at 76
3 biggest myths about how to write a good business plan
Buying your next car? This legal advice will guide you
‘Phenomenal’ PotNetwork a ‘Strong Speculative Buy’ according to Harbinger Research
PepsiCo CEO Indra Nooyi to step down this October
How to invest in Bitcoin with your IRA
Multibillion-dollar mixed-use tourist center opens in Montenegro
5 ways you can save money by house sitting
Strengthening the cooperation among countries to generate inclusive growth
H&R Block and IBM Watson are revolutionizing tax preparation
IMF message: Interconnectedness needs to be preserved
Can we use smartphones while driving 100% safely?
Innovative electricity tech from ABB provides better life
Featured5 days ago
Investors seek help from academics to better understand sustainable investments
Business4 days ago
How technology is disrupting the metal fabrication industry
Crypto4 days ago
Survive the collapse of altcoins with these crypto investing tips
Commodities5 days ago
India may fall short of ambitious solar power capacity target by 2022: Ciril
Featured5 days ago
What do you need to start investing online?
Featured5 days ago
Jim Cramer believes US stocks stood their ground this year—here’s why
Agriculture4 days ago
Sugar, soybean and wheat prices down for the week
Featured3 days ago
10 lessons that every young entrepreneur should learn from Walt Disney