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KAWS is releasing his 4 foot companion, made by Medicom Toys, this time in black. His gray version was limited to 100. Sold for $4,000 each and is sold out. Lets do the math…100 times 4,000 equals…. $400,000… In a matter of no time. Pretty, pretty, pretty good. Don’t miss out on this one, goes on sale at noon. Good luck? KAWSONE.com
Our friend Marc Atlan just let us know that when he checked out Kaw’s site at 9:04AM (PST), only 4 minutes after the sale, they were already sold out. So essentially, KAWS made $400,000 in 4 minutes!
So essentially I have to post a comment, usually I just read and keep my comments to myself but as a director who works with a number of artists this does not at all stand true “Kaws made $400.000 in 4 minutes” The price includes shipping, transport and custom’s tariff into the states from the country of production / origin. The there is production / manufacturing cost’s etc.. not to mention the freight charges to mail each individual piece out to those who made a purchase in addition to the fact that kaws did not produce these by hand in his studio but through Medicom who also gets a piece of the pie. So to constantly see such statements is just foolish. I get it though – its rhetorical and not is meant to give you an idea but I would be very surprised if kaw’s see’s even a third of the overall sale’s figure;s after deducting all of the aforementioned.
Just my two cents
We totally understand your comment and knew that Medicom will keep most of the profits. It WAS a rhetorical comment with a lot of hyperbole. However, the fact that one’s art can gross $400,000 in less than 4 minutes is respectable and amazing! Even if KAWS made 20% of it, that’s still a handsome change in his pocket!