Jack Armstrong “Cosmic X” Triptych – The Next Big, Art World Investment
Art has long been desired for its beauty and the unique creation of each artist. But art appeals to each person in a different and personal way. Some art lovers only like the works of a single artist. While others don’t care who created it. As a result, it’s one of the facts that makes the wonderful world of art so special. In addition, the new Jack Armstrong “Cosmic X” Triptych is another huge milestone in the art industry.
We are very proud to cover modern artist Jack Armstrong in numerous, published articles. He is definitely the leader of the Cosmic Extensionalism art movement. Plus, Jack holds the world record for creating the world’s most expensive bicycle (Cosmic Bicycle), boots (Cosmic Cowboy Boots) and motorcycle (Cosmic Starship Harley).
Lucky for the art world, Jack Armstrong is not done yet. He still has plans to create the most expensive car ever – the Armstrong-Bugatti Cosmic X Art-Car. We previously reported that a world record had been set for the most expensive car. It was a 1963 Ferrari 250 GTO car that sold in an auction for $70 Million. Once completed, the Armstrong-Bugatti Cosmic X Art-Car will be valued at $100 million!
Jack Armstrong “Cosmic X” Triptych
Now you can purchase an amazing group of Jack’s impressive art collection. The Jack Armstrong “Cosmic X” Triptych contains three of his most impressive pieces and is priced at $250 million.
1) Warhol Naked 2) The Last Wizard 3) Cosmic Starship Harley
Jack personally knew and worked with Andy Warhol, who of course was the leading figure in the visual, Pop Art movement. In 2001, Armstrong painted “Warhol Naked.” This incredible piece of art is a touching tribute to his friend Andy. Jack has stated that one of the proudest moments in his life was being dubbed “The Last Wizard of Art” by Warhol himself. Hence, what an honor that must have been for Jack to be told that in person. Brilliant and bold, this acrylic on canvas painting measures 24″W x 36″H.
“Warhol Naked” – Now Offered at $110 Million
But the largest and most complex painting Jack Armstrong ever painted is titled ““The Last Wizard”.” This colorful and visually brilliant, acrylic on canvas painting is 6 feet by 4 feet in size. Interestingly, it is his largest painting, but also showcases his complete mastery of the Cosmic X art form. The very one Armstrong personally founded.
Armstrong is quoted, “I feel the same way about “The Last Wizard” as Pollock must have felt about his painting “Blue Poles”, “Guernica” to Picasso, “Orange” by Rothko, and “Untitled” by Basquiat. In the future ‘The Last Wizard’ will break the records of his peers, but the power of all these larger than life works will remain as the signposts that signaled the future of art.”
“The Last Wizard” – Now Offered at $110 Million
The “Cosmic Starship Harley“ motorcycle originally sold in August, 2012. This incredible, pristine Harley Davidson V-Rod motorcycle was purchased new in 2009, by Jack Armstrong. It is definitely the very first, most iconic motorcycle ever painted by any artist. As a result, to see the Cosmic Starship Harley in person, is truly a VIP experience.
Cosmic Starship – Custom Harley Davidson – (Photo R. Nichols) Price: $50 million
Even during the COVID-19 pandemic, art is flourishing. The value of art around the world continues to skyrocket. It has clearly become a sector not just for art collectors, but also serious investors. In 2019, the global art market was valued at approximately 64.12 billion U.S. dollars. It was slightly down from previous year’s total of 67.38 billion U.S. dollars.
According to The Global Art Market in 2019 report, Art Basel and UBS, their study states that in 2019, the “Global art market reaches USD 64.1 billion.” The report states 2019 experienced a strong but slight decrease in sales over the prior year. 2019 was down $3.6 million. After surpassing the UK as the world’s second largest art market in 2018, China holds its spot at #2. The U.S. continues to be #1 with 44% of global sales by value. The top three countries continue to dominate the art industry. The U.S., China, and the UK represent an amazing 82% of total art sales by value.
Private art sales at Christie’s and Phillips dramatically increased in 2019, by 24% to $811 million and by 34% to $172 million, respectively. On the other hand, Sotheby’s saw its private sales hold steady at about $1 billion in private art sales.
Online sales accounted for 5% of dealers’ sales in 2019. 3% based on galleries’ own portals and websites. In addition, the other 2% represent sales from third-party platforms. Although still a small percent of total art sales, we expect the use of third party online platforms and direct sales by artists, to continue to grow. Consumers and investors like the fact they can purchase direct from their favorite artist, from anywhere in the world.
There is no denying that art sells and can sell for very big money! The price appreciation for many pieces of art can be quite jaw-dropping. How is art valued? That is a complex question with no easy answer. But one fact we do know. At the time of sale, art is worth what a willing seller will sell it for and a willing buyer will buy it for.
Jack Armstrong personally knew Jean-Michel Basquiat, who was a Neo-Expressionist painter in the 1980’s. In May of 2017, one his paintings landed him in the record books. His “Untitled” painting set the record for most expensive painting ever sold at an auction by an American artist. The total auction price including fees totaled $110.5 million. Andy Warhol previously held that title when his “Silver Car Crash (Double Disaster)” painting sold for $105 million in 2013.
Grégoire Billault is the head of the Contemporary Art Department at Sotheby’s New York and was quoted, “Tonight, Jean – Michel Basquiat entered the pantheon of artists whose works have commanded prices over $100 million, including Picasso, Giacometti, Bacon, and Warhol. This extraordinary canvas from 1982 has broken so many benchmarks … but those of us lucky enough to have been in it’s presence will only remember its awesome power. To think that it was created by a virtually – unknown 21- year old & was dismissed by critics, is humbling.”
1982 ‘Untitled’ By Basquiat – Sold for $110 Million
In 1973, the National Gallery of Art in Australia purchased “Blue Poles” by American artist Jackson Pollock. The modern abstract painting was bought slightly over 1 Million dollars in Australian currency. Today, that painting is conservatively estimated between 300 million and possibly over 1 Billion dollars!
“Orange Red Yellow” is a painting by Mark Rothko. He had social revolutionary views and believed in an artist’s total freedom of expression. His painting sold in 2012 for an eye-popping $87 million. At the time, it set a new record for post-war/contemporary art.
The world record at an auction is Leonardo Da Vinci’s “Salvator Mundi” painting. It sold for an astonishing $450 Million in 2017. Read more here:
What is so appealing about the creative works of Cosmic artist Jack Armstrong, is the limited number of his paintings. There are only 100 “Cosmic X” paintings in existence and less than 30 are available for purchase. In addition, each acrylic on canvas painting is multi-layered, but also includes his personal touch. Interestingly, you can find Jack’s own hand prints, finger prints, plus DNA in each painting.
For those who look at art as an investment vehicle, consider this. In an article earlier this year – London Megamansion Sale Expected to Break U.K. Records at More Than £200 Million. It is now one of the world’s most expensive homes and the luxury property features 45 rooms. Think about it …. you can either own a $261 million (£200 million) mega mansion in London or invest in 3 pieces of the World’s Rarest Art, that can increase in value 10 times or more in the near future. It seems like an obvious choice!
We strongly feel that the creative collection of Cosmic Extensionalism art will definitely continue to rise in value. Therefore, whether you are a serious collector of art or an avid investor, Jack Armstrong’s creative works should definitely be on your radar. Will you be the owner of the Jack Armstrong “Cosmic X” Triptych?
In addition, The Life of Luxury can also offer personal, art purchasing service. Let us find that single piece of an entire art collection for you. We also provide a variety of luxury concierge services including VIP access to red carpet award shows, fashion shows, movie premiers, sporting events, celebrity “meet and greets”. private parties and much more. It’s time you finally begin to live a Life of Luxury!