PART OF THE FURNITURE

CAREER SUICIDE

M Hollow

“Painting is not made to decorate apartments. It’s an offensive and defensive weapon against the enemy.” Pablo Picasso.

WRONG, Picasso, you pathetic loser. You don’t know nuffing. Three Court of Appeal judges have ruled that the Joshua Reynolds painting Portrait of Omai (1775-76) is a piece of “plant or machinery” because it “had just as much function in the trade of the company (note: the tourist trade at Castle Howard in North Yorkshire) as the more prosaic tables, chairs, office and other administrative equipment.” Furthermore, the painting counts as a so-called “wasting asset” with a predictable life of less than fifty years. Well over ten times the average lifespan of a coffee table from IKEA, but still not very long. Omai was sold for £9.4 million in 2001. In 2012 its sale value was quoted as £12.5 million. The court case arose as a result of…

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