A long time ago, a friend of mine and I bought a painting together. The price was $40,000 plus tax. About fifteen years ago, I sold it for $13,000 at Christies, a twenty-seven thousand dollar loss. The painting was by a well-known photorealist named David Parrish. His work was included in Louis Meisel’s huge book on Photorealism, the “Bible” of the move…
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