400 Francs Alive, $82.5 Million Dead — What Was Van Gogh's Painting Actually Worth?
Van Gogh sold exactly one painting in his lifetime — The Red Vineyard, for 400 francs. A century later, Portrait of Dr. Gachet sold at Christie's for $82.5 million. Three conversion methods (gold standard, CPI, wage-indexed) put 400 francs somewhere between $3,300 and $11,600 in today's money, a 3.5× spread that is itself the point. The tragedy multiplier runs from 7,100× to 60,000×. Then the counterexample arrives: Picasso died with ~$750M, and Damien Hirst grossed $200M from a single auction — while still alive.