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Judge awards $6.7 million to graffiti artists whose work was destroyed to build condos

Discussion in 'News, Reviews and Information You Can Use' started by NorthSky, Feb 14, 2018 at 1:28 AM.

  1. NorthSky

    NorthSky Major Contributor

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  2. Cosmik

    Cosmik Major Contributor

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    Many layers of irony in this story. It's graffiti but done with the building owner's permission; the resulting 'space' is used by evil corporations for advertising shoots. The easy-come-easy-go, spontaneous, live-life-to-the-max street artists get up tight when their spontaneous creations are spontaneously painted over with new, white street art. In the end they demand huge stacks of dead presidents from the person who allowed them to paint on his buildings, using The Man to get it.
     
    Blumlein 88 likes this.
  3. NorthSky

    NorthSky Major Contributor

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    It is a strange story I agree. It contains several 'facettes', and a twisted money affair ...
    Only in America...or Dubai.
     
  4. noobie1

    noobie1 Member

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    This is a district court ruling that will likely get overturned or the damages will be reduced. The facts of the case (as I understand it) is that the building owner was also deemed owner of the art. However, the court applied moral rights law that grants creators of the art right to the integrity of their work. Moral rights generally don't have as much teeth in the U.S. as they do in Europe.
     
  5. NorthSky

    NorthSky Major Contributor

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    You touched the point of the article; the artists and the canvas* they use to draw their craft. ...The owner of the canvas, and also the revenues generated by the tourists. ...The judge and his reading of the laws with whatever or whoever biases might have occurred. The money sum is quite large, where will it be from?

    * The building. The location and its impact on the community from generated revenues.

    Those are only some of my ideas I took from that article. It is unusual, different from the norm.
     
  6. NorthSky

    NorthSky Major Contributor

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    Now that building is an eyesore...best to take it down and build a museum for graffiti artists. That would cost . . . approximately $6.7 million.
     
  7. NorthSky

    NorthSky Major Contributor

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  8. NorthSky

    NorthSky Major Contributor

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  9. amirm

    amirm Founder/Admin CFO (Chief Fun Officer) Staff Member

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    Wow. I was going to suggest that people should have gotten together and bought the building but not for that kind of money.
     
  10. NorthSky

    NorthSky Major Contributor

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    It's New York, playground of artists and real estate.
    The land is expensive in New York, on the island.
     
    Last edited: Feb 14, 2018 at 10:33 PM
  11. amirm

    amirm Founder/Admin CFO (Chief Fun Officer) Staff Member

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    What puzzled me is someone leaving a $200M property that way instead of rebuilding and making tons of money. He should have just offered the walls to the artists and move on.
     
  12. RayDunzl

    RayDunzl Major Contributor Central Scrutinizer

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    https://untappedcities.com/2013/12/16/vintage-photos-5pointz-original-past-as-neptune-meter-company/

    You'd probably have to study the property taxes in the area (very steep to me).

    I'd say its not "worth" 200M as is (abandoned factory built in 1892), only as "redevelopment" (maybe just land value after razing, although they might refurb the thing for condos).

    Wiki:
    "After 40 years of ownership, the Wolkoff family decided to develop the 5 Pointz site...
    ... News of the building's demolition was generally negatively received by artists"

    He might have a low (grandfathered) rate, which would be "adjusted" based on renovation, for which he waits till the proper time to persue.

    Here, if you have a cow on your 1000 acres, it is taxed at "agricultural" rate (low) vs no cow and taxed as "primed for development".
     
    Last edited: Feb 14, 2018 at 9:42 PM
  13. RayDunzl

    RayDunzl Major Contributor Central Scrutinizer

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    Last edited: Feb 15, 2018 at 4:30 AM
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