Green with Bling Envy?

Would you turn overwhelmingly green with envy or jealousy if your swanky hedge fund manager of a neighbour and his fashion designer wife bought and displayed US$2.3m worth of ostentatious bling within your line of vision?

That should teach you to think thrice before ploughing 1000% premium for that prized sea view you crave.

In 2005, Jeff Koons‘ green diamond sculpture was sold for US$2.3m (a blue version was sold for US$11m) and since its installation in 2007 chez Mr. & Mrs. Richard Perry, has not garnered much support from the Sutton Place South neighbours.

It is one thing to induldge in near-fetish display of fingering through tubes of diamond rings, and another to adorn your US$10m penthouse’s terrace with a 5ft high stainless steel diamond sculpture the size of a buffalo, that apparently emits sunray-induced laser beams that jarr the precious vision of your chichi neighbours.

(Images via NY Post)

Juergen Thieme who lives across the street at 2 Sutton Place says: I think it’s as ugly as it comes, But everyone has a right to his kind of beauty. It’s not my kind. People to whom I’ve spoken don’t care too much for it, either.

I guess when it comes to collecting art, the Sutton Place neighbours will not be bothered to keep up with The Perrys.

 thangdynasty is a work-in-progress maintained by an accidental equity trader whose brief foray into the world of investments turned out… not so brief. Although unmotivated by the senseless pursuit of money in and for itself, she remains sadistically intrigued by the complex anatomy stealthily at work behind the whole spectrum of Markets – Fine Art, Financial, Fish and Fools. A budding art collector and supporter of emerging artists, she slogs to prevent collateral damage to her bank account resulting from occasional manic art buying sprees.