Swiss prankster Christoph Büchel, who back at Art Basel in June made found artworks out of both the keys to his apartment and his wallet, has now made a piece out of a pair of his socks, which look a bit worse for wear. According to the gallery, Büchel doesn't mind if his socks get stepped on or kicked around the booth a bit; by early afternoon, when the socks had separated from multiple kickings, there were two reserves on the unique piece, which is priced at €20,000 ($30,000).
Next door, Lisson Gallery was showing a neon text piece by Jonathan Monk that reads, “Do not pay more than $20,000.” With a different currency symbol (or a stronger dollar) it could function as a guide to purchasing the Büchel. The price structure on the Monk is rather unusual. For its first purchaser, the price is entirely negotiable — this one sold for $10,000 — however if that collector chooses to sell it, the stipulation is that they cannot do so for more than $20,000.
The Monk work is part of a series, with the others rising above the $20,000 on display here. Investors take heed: You’ll have more leeway on the secondary market if you buy the one that reads “Do not pay more than $100,000.”