Billionaire Marc Benioff paid $7 million for this statue that may actually be worth less than $5,000 via CNBCMakeIt
Salesforce CEO and billionaire Marc Benioff might be having buyer's remorse after some art world experts have called into question the value of a supposedly 200-year-old wooden statue he bought for more than $7 million in a Christie's auction two years ago. Now, some experts are saying the statue could only be worth less than $5,000, The New York Times reports.
"It's the sort of thing you see in a tiki bar," Daniel Blau, a Munich-based art dealer told The New York Times. Another expert in Hawaiian artwork, Smithsonian Institution curator Adrienne Kaeppler, told the newspaper that she previously informed Christie's of her concern that the statue could only be as old as the 1930s. However, other art experts told the Times that they still believe the statue is as old and valuable as Christie's claimed.
The statue, which was part of the private art collection of French collectors Pierre and Claude Verite before Christie's put it up for sale, sold at auction for a price of roughly 6.35 million euros , according to the Christie's website.
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