Arthur Getz'sNew Yorker cover of January 4, 1958 depicts a trio of jazz musicians performing. The original art was sold at auction on Sunday in New York. The presale estimate was $2,000 to $4,000. It sold for $4,000, the high estimate.
| Image may be NSFW. Clik here to view.  |
| Arthur Getz Framed original cover art The New Yorker, January 4, 1958 |
| Image may be NSFW. Clik here to view.  |
| Arthur Getz's signature |
| Image may be NSFW. Clik here to view.  |
| Detail of the bassist |
| Image may be NSFW. Clik here to view.  |
| Detail of the pianist |
| Image may be NSFW. Clik here to view.  |
| Detail of the drummer |
| Image may be NSFW. Clik here to view.  |
| Hammer Galleries inventory stamp |
| Image may be NSFW. Clik here to view.  |
| ALS from Arthur Getz to the work's buyer |
| Image may be NSFW. Clik here to view.  |
| Hammer Galleries paid receipt of September 20, 1966 |
| Image may be NSFW. Clik here to view.  |
| Arthur Getz Auctions at Showplace sale of June 18, 2023 |
| Image may be NSFW. Clik here to view.  |
| Arthur Getz Framed original cover art The New Yorker, January 4, 1958 |
| Image may be NSFW. Clik here to view.  |
| Arthur Getz The New Yorker, January 4, 1958 |
The previous sale, then, occurred on September 20, 1966 at the Hammer Galleries in New York. The price was $650 plus tax. The price today, without the premium is $4,000. This leads to the obvious question: Was this artwork a good investment? Let's look at the numbers.
Six-hundred fifty 1966 U.S. dollars is the equivalent of $6101 today, representing a cumulative inflation rate of 837%. A good financial investment has to return more than the rate of inflation, so this artwork technically fails the good investment test. On the other hand, an investment in the S&P 500 placed in September of 1966 would have returned 5,287% which beats the rate of inflation several times over. With dividends reinvested, though, the same investment returns 26,426%, hands down the winner.
| Image may be NSFW. Clik here to view.  |
| https://www.usinflationcalculator.com/ |
| Image may be NSFW. Clik here to view.  |
| https://dqydj.com/sp-500-return-calculator/ |
04357